>> great to see you. liz: troy is with skybridge. there is the president. he will join a roundtable after this tour. he will speak to business leaders and business mind in missouri. [closing bell rings] "after the bell" will take it. david: stocks are getting slammed right now. the dow closing down about 245 points as we await new comments from president trump on taxes and trade. we may also hear more on the breaking news this afternoon. the white house just confirming that larry kudlow will be replacing gary cohn as the head of the national economic council. president taking a tour of the boeing plant in st. louis missouri. the irony here of course boeing is one of those manufacturing companies that could be hurt by tariffs. so it will be interesting to see how they react to tariff talks.

all major averages are in the red. the dow lost 600 points this week alone. i'm david asman. melissa: i'm melissa francis. we have jeff flock standing by in st. louis. jeff? reporter: he is back behind me somewhere in the bowels of the facility in boeing headquarters in st. louis not too far from where they assemble those f-18 jets. he will talk to ceos, missouri-based companies, including the ceo of boeing. boeing has benefit tremendously from the trump presidency. to put up quote from dennis muilenburg, ceo, real fan of tax reform. we applaud the administration for the opportunity to unleash

economic energy in the u.s. it is the single most important thing we can do to drive innovation, support quality jobs and accelerate capital investment in the country. indeed, you know, stock in this company, boeing, even though it is down today, doubling over the course of the trump presidency. so, great, here is the thing they're concerned about, get in a trade war, boeing in the cross-hairs on that. they do 80% in planes overseas, if somebody was to retaliate that would not be good for boeing. we'll see what the president has to say. he has a lot on his plate as you pointed out. melissa: jeff, thank you for that. david: here is jonathan hoenigs capitalist pig hedge fund founder, he is fox news contributor. todd horowitz, host of the bubba show. anna green, former president george w. bush speechwriter and "the hill" editor-in-chief bob cusack. bob, all kind of news affecting

economic they ever they benefit the from tax cuts. they buy steel and aluminum and higher prices because of tariffs will affect them. do you think the president is getting an earful? >> i doubt an earful on policy. certainly industry is split. some people love it. steelworkers love it. certain states like it. congress is split on it. the american public is split on it. 50-31 against among republicans, even though republicans in the beltway don't support it. he won't get an earful. maybe a comment or two in private. david: todd the fact that the president modified the first comments. they were immoveable. they were going to apply to everybody across the board. then we began to see one exception, another. there were at least three or

four exceptions we could think of. so from the perspective of the boeing people, they think this is something they can work with. >> hi, david. this is just purely negotiating ploy. this is the "art of the deal". trump at his best, trying to take the best care of america as he can. he is using every ploy to put power in the people. that is it what he is doing here. he is pinpoints people he wants to get a deal from. he will get a deal. we're the biggest and strongest economy in the world and we'll get a deal. david: larry kudlow is live long trader. practical person as well. he knows what deal make something all about. he is good friend of donald trump's. they have been friends for decades. so they know each other. they can work with each other. that is nice moderates influence

what might be some protectionist tendencies of the president, no? >> yes i think that is true. it is interesting he would replace gary cohn nicknamed reportedly around the white house, globalist gary. the person replacing him, larry kudlow is very supportive of free trade. president trump is signaling he wants diversity of view the point and even bringing in someone who was campaign advisor for him. david: jonathan, look at the markets, put up the dow. 248 points where we ended up to the downside. that is more than 600 points the last couple days. markets are still nervous. >> yeah, david, companies like boeing ironically taking it on the chin. david: forgive me, we should mention that a lot of the dow, since there are only 30 dow components, boeing is one of them, boeing really played a big part in bringing the dow down today. go ahead.

>> exactly, david. underestimate boeing and nature of global trade you can't do it. see it reflected in the dow. the more president talks about tariffs, enacting tariffs. a lot of investors put their hands in their pockets, david. it is almost impossible to invest long term whether an investor with $100 or hundreds of millions of dollars, without knowing exactly what the deal is going to be a month, six months, a year down the line. what you have basically an economy driven by arbitrary whim from the president, not any type of fundamentals. perhaps larry kudlow than change that to more practical perspective. david: this panel is so outstanding. we will keep them as long as they are willing to stay here. we've actually chained them to their chairs. meantime, medical list, is -- melissa, we have breaking news. melissa: that's right. nicole petallides on floor of the new york stock exchange. nicole, this is breaking news, because the dow had another rough day.

>> indeed. we're seeing the dow down 250 points. we had breaking news today, larry kudlow, head of national economic council. that was piece of news. retail sales down third month in a row. big picture saw boeing weighing on dow jones industrial average and concerns about tariffs and trade war. those are concerns we kept focus on. s&p 500 was down half of 1%. we also saw the dow lose as i mentioned, boeing, dow, dupont, johnson & johnson. 3m. there is tesla. there was talk actually here on the floor of the stocks exchanges, tesla may be pumping out high value flawed parts. that would be bad news. coupled two executives left tesla. that stock was down 15 bucks, down 4 1/2%. bitcoin, last but not least, bitcoin fallen off the 20,000 highs, closing at 8200 and change. obviously government is looking

at it. google said no more cryptocurrency ads. that made it fall even more. back to you. melissa: nicole, thank you so much. let's bring our panel back in as we awaiting, can see the huge space there on the side of your screen. we're awaiting the president here at boeing. bob, let me ask you, it is hard for me to believe that boeing would be hosting the president and not at the same time telling him we love the orders, we need the business, we love the manufacturing, we can't stand the tariffs. i have a feeling he is saying to them, look it is a negotiating ploy, don't worry about it. what do you think of my theory? >> it is not a bad one, melissa. remember this is one of many things trump is considering moving forward with. he is looking at trade action against china which would get some bipartisan, get more bipartisan support certainly from more republicans. this is pivotal time from the trump white house.

he is bringing more people he had on campaign. establishment types, sean spicer, gary cohn, they're gone. we have a story saying trump is going back to those instincts. those played well on the 2016 campaign trail. melissa: jonathan, larry kudlow was my coanchor. i've known him for a long time. he is so free market, pro-growth, no way he would ever stand by a tariff. the president got rid of a globalist. anybody who read "art of the deal," maybe you don't want to give it away maybe it hurt as negotiating position. this feels like a negotiation and not a real thing. you disagree? >> let's hope so because we're seeing essentially, melissa, the return of big government when it comes to the economy. as you said the president is considering tariffs on certain types of chinese goods. other types of chinese goods. those of us who invest in those industries and trying to work in

the industries and trying to manage and plan for the future. this makes it so deceptive, the talk of tariffs. it is not the actual industry but follow-on from subsequent industries that use the material. we talk extra percent here, extra 5% there you're talking about zillions of dollars on a global economy. free trade is always better and more prosperous for the country that employs it. melissa: todd, if you're trying to redo nafta you're trying to redo a whole bunch of deals all over the place, wouldn't a good place of shock and awe say, guess what we'll do, we'll slap 25% tariff and now you want to sit down and talk to open this deal? >> hi, melissa. this is exactly what is going on. he wouldn't bring trump, i mean he wouldn't bring kudlow into the deal if he would stick by all these jo no. >> very sim le, working his way, obviously kudlow agrees with trump what his plan is going to

be. i think it is not a big issue. we have to have tariffs, step on it a little bit, take control, not a problem. look how underfunded we have been putting money away. melissa: monica. i will get you after this, jonathan. go ahead. >> we tried tariffs under president 2002. ultimately the steel jobs saved cost $400,000 per job. they don't want to be seen opposing him, china purchased 7,000 domestic planes from china and if we get into a trade war, that will definitely hurt their bottom line. melissa: jonathan, when you sit down at the bargaining table they have to believe what you say, that you're crazy enough to put tariffs in place. even toe, economic professors from coast to coast, all around the globe tell you it is a terrible idea. >> why would you do it then?

i mean -- melissa: i don't think you do it. they have to believe you would do it if you're fighting back against trade deals. if you're trying to undo all of the these different trade deals you don't like to get better terms you have to offer them worst terms. >> if it is detrimental, to the guest's perspective, republicans learned this lesson under george w. bush, tariffs instituted in steel and massive amounts of jobs lost. melissa, if you want to do shock and awe, shocking toward more tariffs or bigger government, what about shock and all the other way, get rid of all tariffs. privatize the post office? melissa: we're getting beaten up on the other end. good for consumers, good for stuff going in, but for our countries going elsewhere. everybody has examples of cars, where you try to sell overseas and they're getting beaten up while the same industry here is being treated fairly. tough act like, bob, you're going to be the crazy person.

sit there really do the same thing back to them. >> yeah, certainly american exporters could be significantly hurt. i think it companies down to consumers and are we going to see these prices going up? are we going to have a trade war? are people basically going to have their tax cut eliminated by having to pay more because of tariffs and future tariffs that trump will go after? he doesn't need congress for this. he just does it. congress won't overturn him. he has the power and he likes it. david: jonathan, we love you to death but would you be a terrible politician. you don't know how to deal with political dealings, and irony donald trump cops from outside of the belt which, but that is exactly what he is doing. todd, you have it absolutley right. the president will speak in just a about a minute or so those who are wondering, f-18 super hornets on the stage. one of those jets has the name,

commander-in-chief donald j. trump, which should impress him enormously. as i speak, there you hear, "hail to the chief." the. the president is arriving flanked by a couple of f-18 super hornets at the boeing facility. let's listen in. ♪ ♪ [applause]

david: as the president is greeting everybody from the treasury secretary to mechanics who actually worked on these planes. it's a nice mix, melissa, as he usually does. melissa: you get the sense he comes out on the stage. he absolutely loves this. david: this should be a roundtable discussion. let's listen. >> honor, truly great company and appreciate it. want to thank secretary mnuchin for being here. i know you flew from a different direction. economic development even for treasury is very important. president and ceo of the missouri chamber of commerce, thank you very much ben. doing a great job. and missouri is doing a great job. an incredible place. i also want to thank my friend dennis, we've been friend for a long time. and i keep telling these countrieses, no, you have to buy american. i want you to buy american.

we help people. we help countrieses. we give aid to countries. i say, where do you buy your equipment? oh, we buy from other countries. what about buying from the united states? we haven't been doing that now they do it. so we want them to buy. we also make the best products. we also make the best products. [applause] you know what? if we didn't make the best product i wouldn't ask them to do it. we make the best by far fighter jets. the best in the military world. the most of the best anywhere in the world and we're coming back an doing it more so than we've ever done before. i want to say, the f-18, one of my favorite planes, to me it's a work of art, you look at workers, you look at the talent that went into it. we looked at difficult versions of it. it is spectacular. it's a beautiful thing to watch. just a few years ago this plant was in very serious danger of

shutting down. and we've got it going again. and i think probably going maybe, like it has never gone before, right? doing better than it has ever done before. i'm proud to say we kept it open, keeping thousands of americans employed right here in st. louis, missouri. great place, very good to me. the state of missouri was very good to me, i'll tell you. [applause] i think josh is doing a fantastic job, i can tell you that. he is working hard. just met him at the plane. we're going out of our way, we have asked congress to fund 24 brand new f-18s. that will be latest and the greatest, stealth, a lot of things on that plane that people don't even know about anymore, whole difficult version of the plane. so we're looking for 24 brand new ones. we're working on price and maybe we can work out a good price.

[laughter]. otherwise we'll buy them from somebody else. but it will all be in the united states, right? i don't know. i have a feeling, what do you think, dennis. we'll make a deal? >> we'll find a way. we'll find a way. [applause] but it is wonderful to be back in this great state and push all of the historic tax cuts. this was about the first place i announced that we were going to be asking for massive tax cuts. everybody said it will never happen. hasn't happened since ronald reagan to any scale. and, didn't even come close since then. we got it, not only passed but bigger than anything ever passed in the history of our country. and we're now going for a phase two. we're actually going for a phase two, which will help in addition to middle class, will help companies and it is going to be something i think very special. kevin brady is working on it

with me. congress is working. the senate is working. unfortunately on the original we didn't have one democrat vote, which is pretty incredible. now they're regretting it but we're going to do a phase two and it will be something i think that will be really a big incentive to do a lot of things like we're doing right here and a tremendous incentive for the workers. six months ago i promised we would cut taxes to bring main street roaring all the way back and we did. we helped wall street. we helped main street. we helped everybody. and all of that money that went into the pockets of people, thousands and thousands of dollars each, they're very, very happy about it. we created 300,000 jobs in february. that is getting to be a number that nobody would have believed. 300,000 jobs. really importantly, we created three million jobs since

election day. if somebody had said that was going to happen, they would have said that is not possible. the candidate, i wouldn't have said it, you would have lost all credibility in running. we created almost all three million. it will be over, very shortly over three million jobs since election day, a number that is just, maybe would have believed that could have happened. we're very proud of it. new jobless claims are down to a 50-year low. 50 new jobs claims. we have nobody seeing that. jobless claims went down at a record pace over the last year, and since the election day, but they're down now to a 50-year low. typical family in this area as an example earning $75,000 a year will see their tax bill slashed in half. so they will take home money. they can spend it or save it, do whatever they want to do with it.

[applause] and now the banks are getting stronger and a lot of good things are happening and they will actually start getting a little interest on their money. that is okay if you don't want to invest in the stock market. for a while people were putting money in the bank getting no interest. that really hurt a lot of families, especially families that saved. people were saving all their lives. then for a long period of time they would like to put their money in a bank and not getting interest on their money. now they're getting interest on their money. so it is another way. and the 401(k)s are up 30, 40, in some cases much higher than that percent for the year and more than that, from election day. so it has been really something. a lot of people are very happy. families, right here in missouri will save more than $4 billion in taxes. and that is just for this year alone, $4 billion, right in

missouri. millions of workers are getting more bonuses, higher wages, and more take-home pay. they will have a lot more in terms of pay. you know what? if they want to work here, they can work here. this is bad news for dennis, i shouldn't say this, but if they want to go someplace else they can go someplace else. people are having job alternatives now. they're able to go out to work where they want. i don't think anybody will ever leave boeing, just in case they would want to. i'm not sure dennis wants to hear that he wants to keep them here. they're the fact having four or five or six job offers whereas before they had none. that is none. we have with us a great group of people, great business owners, we have employees of the firm, we have a lost tremendous people. i think i would like to do, quickly go around the room, say exactly who you are, what you do. i know you all love boeing and you love missouri but maybe we could start and we'll start with the chamber of commerce.

>> thank you, mr. president. welcome to missouri. on behalf of all the employers in this great state, welcome to our state. i know we're talking about taxes today but your regulatory relief, the work on health insurance and igniting the debate on infrastructure has been very, very helpful. there is a lot of optimism around those three things but the tax relief in particular has missouri humming again and a story that directly impacts the missouri chamber, we hire ad 22-year-old fresh out of college last october. this year in calendar '18, as a result of the tax relief, she will save $954. 954 extra dollars go into her pocket. so thank you very much for that. >> thank you very much. >> we hear stories like that from all around the state, from small, medium, large employers today. >> great job for the chamber. >> mr. president, dave sherman,

hawthorne bank. headquartered in jefferson city, missouri. we're $1.4 billion bank, 324 employees and 24 banking centers in the western part of missouri. as a result of the tax relief we were able to give 1000-dollar bonus to our employees. $500 bonus to the part time employees. in addition to that, mr. president, we have a profit sharing plan. in the future our employees continue to benefit from what you did in your leadership role to get that tax relief passed. thank you very much. >> the banking business has been a tough business with all of the regulation and all of the problems. we want strong regulation but we want it to make sense. as you know, the banks are doing much better now. they're able to loan but we have a big one coming up. we have a bipartisan bill that hopefully be voted on very shortly on dodd-frank, very

important amendments especially for these smaller banks and community banks. i think it will be a very special bill for you. are you following that? >> yes, i am. actually thought it might pass today. >> it might pass today. it could pass by the end of this meeting. maybe we'll say, guess what, it just passed. i think it will be very popular. really for the smaller banks. but they needed, they needed help. we're very honored. >> refreshing -- >> have a lot of money out to great customers, okay? >> pardon? >> you will be able to loan machine any to great customers. >> absolutely. >> thank you very much. good. >> thank you, sir. >> president trump, my name is kevin pirs, and i work at dynamic fasteners. we sell commercial or we sell fasteners and power tools to the commercial industry with primary emphasis of metal buildings. ply background is a nerdy

engineer, so i am completely out of my element in this room right now but i'm very appreciative that i got invited. thank you for that. >> you have a very good company. i know about your company. very good job you've done. >> thank you. >> yes? >> i'm maribeth hartman, and i have a union highway construction company, it is very small. we have 30 employees but immediately upon you being elected as president, my whole mind set as an employer changed. i started at that moment operating in a way that i believed your tax cuts would be happening and they did. and that translated into upgrade of all the fleets for my seven foreman. >> great. >> i spent over half a million dollars new equipment this year which is something i always afraid to do. everyone received, they're all union employees, so they have very good benefit package already, but i gave them additional week's vacation for my employees which was very meaningful to them and to all my

management. then they all received at least $500 at christmas. some of them as much as 2500, depending on what their ranking was. so, the biggest thing i thought for 10 years my employees that were union were very concerned about their pension fund. it had been underfunded for over 10 years. when i talked to them last week they are now at 94% funded with the expectation that they're going to be 100% funded by the year 2020. >> that's true. that's right. >> so we are very big supporters of yours and our company. we have so grateful for the work that you have done and you have only just started. so thank you for everything. >> thank you very much. that is very nice. you had your best year? >> my best year in 17 years. >> that is what i heard. a lot of people saying it, by far that they ever had. that is what we want to hear. thank you. >> thank you. >> mr. president, chad devny, with the kansas city southern railway, headquarteredded in

kansas city, missouri. like to thank you for leadership with the tax reform. once the passage, it was perfect timing. our executive team did give all of our employees a thousand dollar bonus. perfect timing with the, right at christmas season, with several of the employees were very grateful for needs of their family during that time. heard many great stories such as medical bills. >> right. >> just repairs needed to automobiles, vehicles. so thank you for your leadership with that. >> thank you very much. >> mr. president, i'm pat os meyer, president and chief executive of kansas city southern. chad is one of our leaders in the field. he runs half of our u.s. railroad. we're one of the nation's largest freight railroads based in kansas city as our name implies, about 7,000 miles, 7,000 employees. big presence in missouri. so the tax reform was wonderful for our business, our company.

as you, i'm sure understand, the railroad industry is hugely capital intensive. our company spends about 24% of our revenue in capital assets, track, infrastructure, equipment. and in addition to the tax rate relief the immediate expensing of capital expenditures is going to make it possible for us to continue to invest at that level. and create jobs and grow and serve our customers and one of the success stories recently, i'm sure you're aware of, u.s. steel has a plant not too far from here in granite city. >> that's right. >> chad and his team actually serve that plant. we're starting to move freight out of that facility and create jobs with them and for us. so greatly appreciate your leadership on tax reform and greatly anticipating a new, modernized, updated nafta. >> that's good. we're working on that. u.s. steel is opening a plant

because of what we did just recently with the tariffs. they just announced they're opening a plant as you know. how big of a deal is the expensing, one-year expense something? that must be in your business, the railroad business must be a phenomenal thing for you? >> it is. we estimate over the next three years the combination of lower tax rates and expensing is going to create for our company well over $100 million of additional cash flow that we can use for reinvestment, growth, create jobs and so it is a very big deal. >> i always said that to me expensing will be the best thing in the bill. a lot of people didn't talk about it. it is a very small little paragraph but it's very powerful. nobody thought to see that but you will invest and have a lot more jobs. that is great thing for jobs in our country. we have a lot of companies moving back into the united states and that's one of reasons. thank you very much. >> mr. president, i'm terry

bassum, chief executive officer of kansas city power and light. we're the prime power operator in the kansas city region. as as a result of tax cut we're working with regulators in kansas city missouri, to reduce our over all costs of $100 million. we're working finalizing a merger with our neighbor in kansas, fortune 500 company. they will have $100 will flow back. our company year-over-year flows back $200 million goes right back into the product of those that pay for our product. from a economy perspective, environmental regulations and a sluggish economy has slowed our ability to grow, and as a result causes increase costs for our customers. we're excited about the opportunity it will have on our economy which allows us to cut fixed costs as benefits all our

customers. >> big difference, a whole different ballgame. >> is absolutely has. >> yes, ma'am. >> thank you, mr. president. thanks, dennis for the invitation today. my name is hazel mims, i'm an i.t. manager here at the boeing company and i have a great job. recently -- >> you're not leaving? >> i am not leaving. [applause] >> don't leave. >> recently i noticed an increased amount of my take-home pay. what that means for me personally is an opportunity to reinvest or invest in my daughter's college education. and give her the opportunities that i had. in high school i joined the u.s. army reserve in order to pay for college at alabama state university. >> good. >> the skills and experiences that i learned in the reserves were invaluable and actually paved the way for a job opportunity here at the great boeing company. today, i proudly serve boeing as i proudly served in the u.s. army reserve. boeing is a company that invests

in its veterans like me, its people and the community. thank you. >> thank you. [applause] so great. i will skip dennis for a second. come on. >> hi, my name is kevin fisher. i'm the chief credit officer of great southern bankhead head quartered in springfield, missouri. we have 325 clients in nine midwestern states from minnesota to texas. the tax reform gave us unique opportunity to reward our associates with $1000 for all full-time employees and $500 for part-time employees. the bonus, as you can imagine created a lot of excitement throughout our company. we heard countless stories how it was used from one-time family trips to needed repairs on automobiles, homes. one associate even needed it to pay her monthly rent. is certainly we believe your

2016 election and this tax reform have been the most positive economic drivers you know, since the 2008 downturn. certainly we want to thank you for the tax reform. it was much-needed. truly honor to be here today. >> thank you very much. thank you. >> mr. president, i'd like to introduce my staff person that i brought with me. first of all, i want to thank you for taking the leadership role in making america work again. that has been a big task. we in higher education appreciate your efforts and probably don't say that enough. my name is jerry davis and i'm the president of the college of the ozarks. as most people in this room know, this college is unique. it admits students of financial need. they pay no tuition. they all work each semester on campus job. they graduate debt-free because we don't do loans, not federal, not state, not private.

and it's a old-fashioned, hard-nosed approach. we definitely are not a college for snowflakes. [laughter]. the reason -- [applause] that is pretty good line. i might use it again. [laughter]. as a result of the recent tax bill savings our college, to our knowledge was the only one in the united states that passed along a bonus to its employees. we hope other colleges will follow us. perhaps the ivy league, they're a little slower behind us but they can afford it. and we did this because a work college depends on lots of work supervisors to make it operate. and so i brought two employees today and they would like to tell you how they used their unexpected bonus. we say appreciate very much and by the which we don't view these

as crumbs either. we think a few hundred dollars is a lot of money especially if you don't make a lot. >> right. >> so i will ask the first lady down here, rene, to tell you what she did with her bonus, if she would. >> mr. president, my name is rene crooker and this bonus could not have come at a better time in my life and my family's life. my daughter erica was diagnosed with double viral pneumonia and she was put into a medically-induced coma and, was on a ventilator for 2 1/2 months, 2 1/2 years, sorry. 2 1/2 weeks, and the college, the college money that was passed on to us helped me get to her bedside. she was out of the country. and so, i'm just very thankful that i got to be there and be

with her and again, i can't thank the college enough. dr. davis enough, and you enough. thank you very much, mr. president. >> thank you very much. that is very nice. [applause] >> mr. president, my name is bonnie brazil and i work in the cafeteria at college of the ozarks alongside the hard-working students. i am very grateful for the bonus when the college gave it to us. i put mine in savings for my retirement. and i want to thank you, mr. president. god bless you. >> very nice, thank you very much. that is very nice. [applause] >> good afternoon, mr. president. thank you for taking the time to visit with us today. my name is brian cook and i'm president and ceo of central

bank group, 13 billion total asset bank holding company. we employ over 2500 people across four states. because of the tax reform, we were able to give 1000-dollar bonus to each full-time, and 500-dollar bonus to each part-time employee. we felt it fully appropriate and reasonable to share the income of the tax cut for the hard-working people of central bank that really helped earn it. that action has generated more positive and appreciative employee responses, texts, letters, almost any action that we have ever taken for our employees. thank you, mr. president, for your strong leadership, to get much-needed tax reform accomplished. >> thank you very much. [applause] >> mr. president, i'm dave johnson. we employ 150 employees throughout three states.

we were able to give all employees a 250-dollar net bonus and. our outlook looks very strong. we're hiring at all facilities. we thank you for your leadership. we thank you for the tax act and jobs act. 150 other stories, throughout our plant, of the bonus and higher take-home pay as a result of lower taxes. brandon, i would like to thank you for your leadership. >> thank you both, thank you. >> thank you for having us. i've been with mid am eight years. i started out as welder and worked my way up to production supervisor. the bonus has been extremely helpful to not only me and my fellow workers and friends. i have a son two years old recently had to have surgery for a hern yaw. i was able to take the bonus and put it towards the deductibles

and help me and my family get ahead and where we can put money in savings again. that has been extremely helpful. i would like to thank you for your leadership. thank you for taking our country and our company stronger. appreciate it. >> thank you. while you say -- [applause] while you talk about your son and the operation, a lot of good things are happening that we're doing with health care. people are starting to see the fruits. there are a lot of really good things, getting rid of the individual mandate which was a disaster and very costly. but we have a lot of very positive things happening and will be happening on health care. so that is very nices as you said. thank you both very much. >> thank you very much. >> steve, you want to say something. >> sure, great to be here with you, to talk about tax reform. it is a critical part of our economic program along with regulatory relief and trade. we are committed to create sustained economic growth. that is what this is all about. being here at boeing i had the

opportunity before you arrived to tour. dennis it is incredible what you have here. it is incredible the amount of jobs you brought back to this factory. the sophistication of the products and this is a great american company. so thank you for everything. >> thank you. >> maybe i will save last the star of the show, right, dennis. go ahead. >> mr. president, thank you. it is an honor to have you here today, a privilege to host you in our st. louis factory. what you tax reform and creating jobs. no place more evident than factories of america. you see it hire. you had a chance to meet some of our people earlier. one of our great teammates. we have more than 20,000 veterans here at boeing and as a result of tax reform, three quick examples what we've done. one on day one of tax reform we announced investment of $300 million back into our

people. this includes facilities upgrades, infrastructure upgrades for our team. it includes training and advanced training on new skills for the future, digital technologies, manufacturing technologies and and it includes investment in our communities and in our veterans. we increased the gift matching for our employees. every employee gift matching was gone from 6,000 to 10,000 for our employees as an example of our investment. that will continue with more announcements to come. the second example it has been a great way to engage our team and we used crowdsourcing technology to go out to our team and how can we make the best investments to have impact on your jobs and training in the future? in two weeks we got more than 40,000 inputs. you can see it is generating excitement and momentum at the grassroots level of our organization and our employees are engaged as a result. lastly allowing us to invest in

the future, invest in capital, innovations, new products. and most advanced superhornet, most advanced f-15 you see behind us here. new investments in prototype aircraft, some of which you saw earlier and commercial airplane business and our new wide body airplane, folding wingtip for the new composite wing is built here in st. louis and we built a new 300 million-dollar composite fabrication facility in st. louis. that is real manufacturing jobs. not only benefiting boeing but in our u.s. supply chain we have another 13,000 companies, small, and medium sized businesses representing about 1 1/2 million u.s. manufacturing jobs that are all benefiting as a result. so those are just a few examples. we'll continue to put tax reform to work, we appreciate your leadership and congress's leadership on getting that passed. so thank you. >> thank you, dennis. great job you have done.

[applause] so, i might ask, dennis, because you mentioned job training, the moving back to our country, they're coming back into america, coming back into the united states and we are thinking about doing vocational schools but in a certain way i like the companies training people better than government training people. there is something that is good. you have great training programs. we have chrysler, as an example is leaving mexico and coming into michigan. we have many other companies where they're actually coming back. they used to be here. they left 10 years ago, 20 years ago, you know, say what you want about nafta but it took a lot of companies out of this country as you know but a lot of them are coming back. we'll have more than -- honestly, we're going to need workers. >> yes. >> we'll actually need workers. what are you doing about training programs? how is it working for boeing? >> fantastic idea, your point on

vocational training is a really good one and we see a dramatic need for building manufacturing skills and talent in the future. many cases those could be two-year degree programs. >> right. >> for example, in missouri where we have a metal-forming vocational school, collaborative work, including boeing as well as higher education on creating these training programs. where students can come out of high school, go into the vocational training, within two years, be qualified aerospace metal builders to aerospace standards. we have an aerospace high school up in seattle. same thing we're tapping into high school level talent, getting them early training, qualifying them on next generation digital technologies for manufacturing. we think about automation and robotics in our manufacturing lines and new manufacturing skills. i think investment in vocational schools is a real enabler. >> i think only a company can do that. boeing can do it. look at what is behind us.

a government can't do that they can do certain things but they can't do this. >> a place where partnerships make good sense, some cases higher education but having industry is involved because we know the end point of use. we do training very practical and lead immediately to jobs. >> fantastic, dennis. i want to thank you. i want to thank everybody. this has been truly inspirational to see all of you and what has happened. there is a lot more going to happen. the companies that we have in this country have never been fund funnily stronger -- fundamentally stronger. i could say that with what is going on with boeing but we never had a time when we had companies at this level of readiness, preparedness, and stability. so, i think you're going to see tremendous things over the next, fairly long period of time. i don't see any downward movement. i see just up and we've taken

off regulations. you have probably seeing that very much. but a lot of people, we're talking about the tax cuts. a lot of the companies are saying that the cutting of regulation is more important to them, even than these massive tax cuts that all of the employees have gotten, everybody, it means jobs. project that's were stopped for 15 years are now under construction. great projects. projects that should have been improved rapidly, they're now under construction. so i want to thank you very much, dennis. i want to thank everybody for the great statements and, you know, make america great again. it is very simple. make america great again. that is what we're going to do. that is what we're doing. it is happening a lot faster than anybody thought possible. thank you all very much. appreciate it. thank you. [applause] david: let's wait if we can if we hear any final comments as

the president wraps up the roundtable discussion. that is it. ♪ very important correction noticed at least by one of our viewers. melissa: no, i saw four. four viewers. david: they saw a lot more than i did. he was not flanked by two f-18 super hornets. that was a superhornet on the left. it was a f-15 on the right. we heard the boeing ceo make reference to the f-15. the f-15 and f-18 the boeing president is talking about. you may have noticed one thing he didn't mention is the tariffs. this company relies on steel and aluminum to a large degree in making its products. if the tariffs increase price of those two materials then the price of the planes will go up, et cetera. probably politic of the president not to mention that. he did mention over in great detail the effects of tax cuts.

virtually everybody there had something to say how it affected them personally. whether they were employed or ceo or company executive, in fact in terms of being able to manufacture moore. create more, as a business than it was able to do before. but, from the ground level right up until the top level, even steve mnuchin was there to talk. all this coming on the edge of that news that larry kudlow will be the new chief economic advisor for the president, melissa. melissa: even made a quip, how he wanted, needed a good price from boeing in order to do the planes. you were talking about politic or not, otherwise i buy them somewhere else but we'll work it out. david: the audience booed. when he said we'll work it out they all clapped. melissa: our panel is here. jonathan hoenig, todd horowitz, annika green and bob cusack is here as well. bob, what were you listening for? what stuck out to you?

>> like david, i was listening for the tariff if he would mention them. this president talks up the economy, the economy is doing well. not only the economy has to hum, part of the role of the president to talk up the economy. also you will hear, he talked about phase two of tax cuts, what will that mean? that will mean making individual rates permanent which is introduced by some members in congress. i don't think they will necessarily get them through but they need to double and triple down on the tax bill because it has gotten more popular. melissa: that is a great point that you made. maybe why there was so much talk about that, there is teeing up of that, jonathan. that is one thing that larry kudlow said over and over again. he really believes in a very straightforward, two-teared approach which is lower taxes everywhere, corporate, personal, whatever it is, and strong dollar and that makes this likelihood that we would see even more tax cuts or the permanency of what we see a lot more likely. what do you think? >> i think larry kudlow understands that tax cuts and

regulatory reform give give investors and individuals more freedom. that creates the f-16s, the f-18s. lech logically-advanced economy we have. i hope larry kudlow will bring to the president tariffs are against that freedom. melissa: he will. >> what is the point of giving them a tax cut and charge -- melissa: i want everybody to get a word in. todd, to ahead, what did you see or here? >> i saw genuine outpouring of love of the president when they spoke. he genuinely cares. the overall simple he will not do anything that causes great harm to the united states of america. he will make america great again. that is where he is work and going with kudlow. melissa: annika, quick, what did you hear? >> having been at the white house, people that put the thing together, the communications strategy paying off, what we saw trump doing in the state of the union address,

letting people speak for themselves. we heard personal stories. women crying. that is successful strategy. melissa: that is a great point. thanks for being with us. david: it was very dramatic. stay with us. mom you called?

oh hi sweetie, i just want to show you something. xfinity mobile: find my phone. [ phone rings ] look at you. this tech stuff is easy. [ whirring sound ] you want a cookie? it's a drone! i know. find your phone easily with the xfinity voice remote. one more way comcast is working to fit into your life, not the other way around.

... so it's official larry can, well doesn't it have to be confirmed blake? >> it doesn't have to go through senate confirmation david this is different much like the hope hicks successor whoever that may be whoever the president appoints to this position and it is larry kudlow, doesn't have to go through senate confirmation whereas mike pompeo and gina haskell and head of the cia will , it still remains uncertain at this hour exactly when larry kudlow will come to the white

house and press secretary sarah sanders saying there will be a transition keep in mind he is replacing gary cohn as the president's top economic advisor and the white house said cohn would be here for two to three weeks or so and kudlow said he would be coming to washington tonight so it remains unclear if gary cohn will be here for hours or potentially a matter of days. david? david: going to make covering economics in the white house even more fun than it is. blake burman thank you very much melissa: so is it maze two of the tax cuts on the way? what the president had to say about that coming up next. liberty mutual stood with me when i was too busy with the kids to get a repair estimate. i just snapped a photo and got an estimate in 24 hours. my insurance company definitely doesn't have that... you can leave worry behind when liberty stands with you™ liberty mutual insurance.

big thinking in the finger lakes is pushing the new new york forward. we're the number one dairy and apple producers in the eastern united states supported by innovative packaging that extends the shelf life of foods and infrastructure upgrades that help us share our produce with the world.

all across new york state, we're building the new new york. to grow your business with us in new york state, visit esd.ny.gov when it comes to travel, i sweat the details. late checkout... ...down-alternative pillows... ...and of course, price. tripadvisor helps you book a... ...hotel without breaking a sweat. because we now instantly... ...search over 200 booking sites ...to find you the lowest price... ...on the hotel you want. don't sweat your booking. tripadvisor. the latest reviews. the lowest prices. president trump: and we're now going for a phase ii, we're actually going for a phase ii which will help in addition to middle class, will help companies and it's going to be something i think very special. kevin brady is work on it with

me, congress is working the senates working. melissa: [applause] yes! all right we love it. david: i know we're objective reporters, we've got to be objective, but tax cuts are good melissa: who doesn't love tax cuts? come on. here is risk & reward. president trump: we make by far the best fighter jets, we make the best there is in the military world and mostly the best there is in almost any world, and we're coming back. families right here in missouri will save more than $4 billion in taxes, and that's just for this year alone. $4 billion, right in missouri, and millions of workers are getting more bonuses, higher wages, and more take home pay. liz: the white house confirming it is seeking a $100 billion reduction in u.s. trade deficit with china, china is word is just out it wants to be the world's biggest trading giant by 2050 the white house saying