judiciary committee as early as tomorrow. okay? and that is pushing facebook's stock down $9. 5.25%. we're back to 163. all right, who we got today? neil. i couldn't see you in the monitor. i didn't know. ashley: what's his name. neil: thank you, steve. a lot coming up here, my friend. including on going investigation what is going on in texas at fedex station, believed to be loaded with explosives. we'll have much more. tentacles, many are hearing reluctant to open packages no matter where they live in they come to their house. the president set to greet the saudi crown prince, mohammed bin salman any moment. the south did is are threatening if iran gets nukes they want

nukes. multibillion-dollar deals could be in the offing. we have adam shapiro at the white house. hey, adam. reporter: they are going to be discussing when the two heads of state are here, they will be discussing not only national security issues but regional security issues and specifically the threat that the administration says that iran poses in the middle east and saudis agree with that. there will be potentially this vote up on capitol hill in the senate requiring the government to stop supporting that saudi-led forces which are trying to fight rebels in yemen. those rebels supported by iran. this is heating up. then there is the issue of nuclear weapons. the united states supports helping saudi arabia create a nuclear power program but when it comes to nuclear weapons iran is certainly working towards one, here is what the saudis said should iran get a bomb. the crown prince saying saudi arabia does not want to

acquire any nuclear bomb. without a doubt if iran develop ad nuclear bomb we'll follow suit as soon as possible. so the situation with iran in the middle east and also in yemen will be front and center in discussions with president trump and the crown prince mohammed bin salman. on unrelated issue, something else we're watching at the white house are the forthcoming tariffs the president will announce against china. sources confirmed to fox business more than a week ago that tariffs were ready to go. but then the president requested of the ustr, that the figure go from 30 billion to much higher figure. "washington post" reporting it is now at 60 billion. our closes to ustr say it is closer between the two. will the tariffs be announced next week? will they be announced next month? robert lighthiser will testify on capitol hill wednesday and thursday. everyone is getting ready for the tariffs which china is expected to retaliate.

neil: they're not too happy with it, to put it mildly. adam, thank you very much. no reason to doubt what he is saying, tariffs we could slap china the president effectively doubled. we run 360 billion-dollar trade gap with this country. you know how it goes. it could affect more and more products. the fallout, wall street view, main street view, ahead of the president and words he will have with the saudi prince. making money host charles payne, "wall street journal" senior video reporter shelby holiday. hello by, obviously the president is upping the ante, a lot of folks saying be careful what you wish for. they will come back at you. the german finance minister in this country warning just as much. we're getting more. the president is going along with it. >> so far he is going along with it. neil: you don't think it is just a threat? >> i think it is a threat but he

intense to do something. this is common with the president. throws a trial balloon and you see where it pops. he is imposing tariffs. that is against recommendations from trade groups, people within his administration. he doesn't seem to care. neil: just like charles. >> he has a honey badger mind-set, he doesn't care. the question is why the rush. there seemed to be a rush to the announcement. maybe it is not thought through. neil: it could be to concessions ahead of time. >> it could. neil: this idea if everyone is against what he is doing, maybe what he is doing makes sense, i'm paraphrasing here but do you think that he gets the desire to

desired effect whether south korea on washing machines, chinese solar panels, aluminum, steel products have half the major trading partners, what? >> i do think first and foremost it is not rushed. this is something he talked for years before he was a president. you could back 10 years president trump was talking about. neil: this is effective doubling tariffs overnight. >> overnight. >> chinese premiere, once a year, this is what he said last night, overnight while we were asleep. china is willing to widen access to the markets. they would no longer transfer of technology from american companies to chinese manufacturers. that they work harder to protect intellectual property. they would improve access to service and manufacturing sectors and that they will lower impart tariffs on a lot of things including cancer drugs. this is not being reported very much. this is number two guy in china said this overnight. i think there are cracks happening. as far as the german finance minister, wall street assessment if there was a trade war,

germany would come out the worst for it. we also have 171 billion-dollar deficit with the eu that germany really, really taking advantage of. the stakes are obviously very high but if the president doesn't push back now, when does he push back? if we don't have the gumption to stand up once and for all we're going to lose because china is gaining on us in so many ways. our leverage diminishes as long as we wait. neil: he is right in this respect over many, many years donald trump said, for example of the chinese, you know they need us a hell of a lot more than we need them. >> that's right. neil: he always comes back to the position. we are the world's great consumers. these countries take advantage, there is comeuppance for that. he must have a point when it comes for his heart to see american cars in china, see them in some of these countries against who we run these enormous deficits but is this the solution? >> i'm not sure this is the

solution but what i do know his voters love this. they voted for him. he was america first. he would fight for america. this is what this is all about. see all the people, all the elite, all media, companies said this would be a problem for us, the trade association, he couldn't care about that. the american people that voted for donald trump think this is a great idea. they love him standing up, standing firm, getting tough. neil: no doubt but are you worried of the business effect here? does this frighten people that american companies lose jobs, lose contracts with some of these companies? >> i would be frightened putting forward exactly as it is today, my sense what charles payne talked about, what the chinese government is say this might actually work. the chinese people and chinese government might make some moves to make things more favorable to the u.s. i think that needs to happen moving forward. neil: that's interesting. see i was dead-set against this until i heard charles payne.

he brought up something seriously the whole world having you know what fits about this maybe there is method to the madness. the problem when you look at it, the wheels can come off the wagon very, very fast. >> they can but they haven't. neil: because we haven't implemented any of this. >> he makes comments, statements, forecasts and decisions in a way that scares a lot of people. it doesn't move the needle. we haven't seen it move the needle yes. neil: in terms of a response. >> in terms of retall ages or response. i know i love the base would feel the same if things are more expensive at walmart or couldn't buy things because of a trade war. i don't know that they will think that. stuart: i'm not the pollster lee is but during the campaign i did tweet out on dozen occasions

would you pay more, 99% of trump supporters say yes. last thing i put out the same tweet. 99% said yes. neil: those are supporters. >> right. i think i'm looking at this almost frame it like americans bought war bonds during world war ii knowing they would not get paid back for 30 years. the elites don't give average person credit to understand. sure, there will be a initial hit. we don't have enough factories to make cheap tvs. neil: i don't think people know that, neil. >> maybe you're underestimating -- neil: president warn people of, you are going to notice a couple of your favorite items you like they will go up a lot in price. >> that is my thing, people know prices go up. they said they can deal with it. neil: i don't think they do. >> really? >> i don't think they know the impact on them. support in the aggregate because they think americans are getting

screwed. in a lot of cases the president is darn right on that but i don't think they are ready to absorb punishment. >> i think they are ready. >> i think in their minds they are ready. i don't think everybody understands full impact. i think they understand prices will come. i think they understand there are a lot more jobs coming in for this than there will be. that might be a disappointment. neil: we're largely a service economy, right. >> right. neil: where is our anvil here? >> we bought $505 billion worth of stuff from china last year. neil: right. >> for two things. you have a guy who crowned himself emperor over there. you're trying to create a domestic economy. he is on fragile -- their debt, 250% of gdp. he is also walking a very fragile line is. neil: xi xinping is? >> right. you hope it doesn't come to that. china has room to make concessions. if they're smart they will do it.

everyone will find a way to do it, save face with the respective countries and keep moving. >> you make a great point. we're a service country. do we want to be a goods-produces country again? a lot of people that i is moving bark wards. when you look at the trade deficit you should look at services not just goods and that is something the president -- neil: there is a lot what president says here. south korean washer makers were targeted, some did raise their prices but not nearly by the amount you would think to compensate for so-called tariff, that they do play around this fast and loose. is this solution? that is the issue. >> i've never been a big fan of tariffs but i don't know what the solution is that will get people's attention. neil: do you buy the argument when you read the foreign press as i do, the english version at least. one out of milan i get. my italian is pretty good. they are just apoplectic. >> yeah.

neil: they are saying, you know, they readily acknowledge they do protect their industries but not nearly to the extent that it deserves this response. >> look i'm not as apoplectic as these folks are. these are the same folks, by the way if the president run our economy would be in shambles. neil: you're right. >> there is level we need to look at because i'm in the sure, yes he is talking about $60 billion. yes he is doing it by friday. is this just a strategy to get some things done, not all of this done? would i do that myself? >> that is the billion dollar question. >> would i do this myself? absolutely not. i don't have threshold for chaos this man does. neil: maybe there won't be kind of chaos you're envisioning? >> well depends, when president came out i can't remember two weeks ago, made it look like he was waging a trade war on everyone. we saw european countries freak out, allies, canada. >> he took care of canada.

>> he backed off of it, what it was a negotiating chip to get better terms with nafta. using it as bargaining chip. that is one thing. neil: you don't think it will lead to market swooning? >> i'm not sure about the market. again, china has usually, 10, 20, 50, 100 year plan. in america we live quarter to quarter. the every three months the world blows up. they have a distinct advantage in that regard. we better start thinking a little longer term i think. neil: thank you guys, very much. you too, charles. the guy was doing like every single show, although the green room is a mess. >> i tried, a lot more following up. again to charles's point, to all these folks point here, if the markets are worried about it, they have a funny way of showing it. we'll go back to the white house. there will be statements made. you know know what comes in the

mohammed bin salman conference, and there is move to rein in him, the president is telling him don't worry about that. we're on top of all of that after this. how do you win at business? stay at laquinta. where we're changing with contemporary make-overs. then, use the ultimate power handshake, the upper hander with a double palm grab. who has the upper hand now? start winning today. book now at lq.com.

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texas. they believe it holds explosives from a fedex facility near there jonathan hunt in austin. what is going on? reporter: neil, a lot of fast-moving developments. let's start with the most dramatic of those. an explosion overnight at a fedex package facility outside of san antonio, texas, about 70 miles from here where we are in austin where the other four explosions have happened. one woman, a fedex worker, one of 75 on duty complained of hearing issues after the explosion. she was looked at at the scene, did not need any further treatment. that is the one piece of good news there was nobody hurt in the latest explosion. we're hearing that that package was originally sent from austin and sent back to an address in austin. we don't know to whom or where it was addressed but it was on its way back here when it apparently exploded dropping

from one level of a conveyor belt to another. a clear sign how unstable these devices can be, and how expertly they need to be put together, neil. and how expertly they need to be transported. so as not to explode during transit. we are hearing as well that investigators are on scene at another fedex facility here as you mentioned, looking at a suspicious package. we're expecting a news conference shortly which may give us more detail on that. all of this of course comes after the explosion that happened right where i'm standing on sunday night. two men just walking along this non-descript austin suburb and street, tripping a wire that was almost invisible. very sophisticatessed device according to -- investigators. that worries them that there they are dealing here with somebody or some people who clearly know how to build and handle explosive devices.

they want to get to this person or these people before anybody else is hurt or killed. they're asking the public here in austin and beyond, if you see something say something. they say don't care how many tips and false alarms they get, they want to hear about everything because getting this person or persons is a desperate and urgent task. we're also hearing now, neil, that the fbi is confirming a link between some of the packages, we don't know which ones and a private mail delivery office in the sunset valley area of austin. that is about two miles from where i'm standing now. we understand that agents have now arrived at that private delivery service and are looking into any evidence that they can find there. obviously all of these steps, very important as they try to get closer and closer to whomever is responsible for what has been a murderous series of

bombings, neil. neil: jonathan hunt, thank you very much, my friend. the president already responded to these developments, part of a pool spray coming along-shortly, that the perpetrators should be apprehended soon as possible. that the bombings in texas are terrible, carried out by sick people. calls for finding perpetrators as soon as possible. we have former fbi agent, terry derchi. terry ultimately led the tack force that caught unabomber ted kaczynski years back. terry, in the case of the san antonio incident that was interesting to a lot of authorities because supposedly it was en route to austin when it exploded, nails and shrapnel blew up there. seems all these disnations were to the austin area. what do you make of that? >> that is very important because it may show the familiarity and comfort level that the bomber has with austin. it would be only a theory that

he may live in that area or somewhere along the i-35 corridor where a lot of these packages ended up on people's porches. the development, neil, if they find, they connect it to the other bombs, if you find a live bomb to take out and render safe, that is a big step, forsenically when you have a bomb intact you may very well find everything from from time to times to any other type of evidence, for example,dna. that is a big development if it turns out to be connected. the tripwire bomb mentioned earlier hits home why it is so vital to get solved and solved quickly. this willer is indiscriminate. he doesn't care someone comes along pushing a stroller with a baby or two kids going to school. it doesn't matter to him. he just wants to kill. the developments are positive in the sense they are giving a quantum leap to investigators pouring over that area and looking to bring all this

together and find this person. neil: now you dealt with the whole ted kaczynski, unabomber situation, i always, you know better farther than he would change his tactics based on reports he would be hearing from authorities and what he might have been thinking and i'm wondering if you get a sense here that this could be the case as well? you mentioned in the tripwire case anyone could have and indeed bumped into that set it off regardless of their race when some of the first hits were presumably thought to be targeted at minorities. an african-american, a hispanic. now that does not appear to be the case. is is he or she, whoever behind this sort of playing with us? >> we were always very careful in una bomb to say a way from lot of theories and keep fact and theory separate. we had our investigative projects the idea we're going

down the road of facts. that is definitely what they're doing in austin is very a good step. the first facts they have is forensics. in early bops that is critical and very important. that is all they do have. they have more communicating with him, he communicates with his bombs. he did that studying theodore kaczynski or eric rudolph or handful of bombers we dealt with over the decades. the person knows what they're doing. in fact they probably built these bombs and decided after they got them built on means of delivery and where they put them, all of this. keep in mind this person probably surveiled some of these locations if not all of them in person. the bomber probably experimented with the bombs out in the texas countryside, whether the hill country outside of san antonio or somewhere in between. so anything people thought about or may remember from loud noises at night or explosives or anything like that they should call and let the police know

because those are the kind of things we saw before. eric rudolph, the olympic bomber, experimented with his bombs in the mountains of north carolina. theodore kaczynski experimented with everyone of his bombs, and his new bombs as he was developing more powerful bops in montana. neil: do you have any sense right now that whoever is behind this is doing the same? >> that's a good question. they were specific individuals, neil, yet they were randomly selected because they represented something in his mind. in some instances return addresses on mail part of his devices were all fictitious. we don't know about all of that and we don't have mailing addresses. i think this bomber is pretty random in his elections. what is important he has comfort level in areas he is working. kaczynski for example, didn't put just one. he used university of california corey hall in 1982 and again in

1985 to place packages. think about colleges with narrow corridors and everything you wandered through he was comfortable with that. we find out later he worked right around the corner. he was a college professor. this person appears pretty comfortable as the manner which you started this interview the area he is working in and around austin going into neighborhoods. think about it, going into a residential neighborhood, going up on someone's porch putting a package, you know it has a bomb in it and turning around walking away, that really takes a different kind of mind set when you can do that think we'll find a lot out as these new developments get worked and as more interviews are done. but i think we'll find he is pretty darn comfortable with austin and areas that he has been working. neil: very caney to put it mildly. terry, thanks for helping us all sort this out, what little we do

know. we know facebook is in a world of hurt right now. it met with workers and top management met with workers to describe what is going on here. now the ftc is probing them. and congressional committees are shouting about what facebook knew and when it was doing it, helping donald trump. not the same enthusiasm when it was helping barack obama. but whatever. more after this.

neil: we're getting the first pool spray from president trump's meeting with mohammed bin salman. >> this is very sick individual or individuals. these are sick people. we will get to the bottom of it.

we will be very strong. we have all sorts of federal agencies over there right now. we're searching what is going on in austin, a great place, a tremendous place, is absolutely disgraceful. so we have a lot of power over there. we're looking. it is not easy to find but these are sick people as soon as possible. we have to find them immediately. i will say working with texas, working with the local governments has been great. we have to produce and find this very sick person or people. thank you all very much. [shouting questions] >> is it a hate crime or act of domestic terror, mr. president? >> i had a call with president putin and congratulated him on the victory, his electoral victory. the call had to do also with the fact that we will probably get together in the not-too-distant future so that we can discuss

arms. we can discuss the arms race. as you know made a statement that being in an arms race is not a great thing. that was right after the election. that is one of the first statements he made. we are spending $700 billion on our military. a lot of it is we'll remain stronger than any other nation in the world by far. we had a very good call and i suspect we'll be meeting in the not-too-distant future to discuss the arms race which is getting out of control. but we will never allow to have anything even close to what we have. and also to discuss ukraine and syria and north korea and various other things. so i think probably we'll be seeing president putin in the not-too-distant future. [inaudible]. we're going to see what happens. iran deal is coming up. it's, probably another month or so and you will see what i do

but iran has not been treating that part of the world or the world itself appropriately. a lot of bad things are happening in iran. the deal is coming up in one month and you will see what happens. okay? >> your royal highness, should the president pull out of iran deal? >> we'll talk about that today. >> okay. thank you very much. >> everybody, make your way out please. let's go. >> thank you. thank you very much. neil: still monitoring this, but the president with mohammed bin salman, the 32-year-old crown prince with saudi arabia. you heard him talking about hopefully in the near future meeting with vladmir putin. congratulating him. putin scored 70% of the vote. some people say it's a rigged election. nevertheless hopes they can discuss things he had to put off because of things here and certainly in russia. the sooner, whoever is behind

these texas bombing attacks the better. so we're keep an eye on that. there might be follow-up remarks here. keep in mind salman is very concerned, you heard the president refer to iran. that iran has been, even before this meeting, concerned it is cheating on that agreement. he could abandon that agreement. a number of republicans all but telegraphed the fact that he will all but break out of that agreement formally. saudis say if iran will have a nuclear capability we should have a nuclear capability. the genie could be out of that nuclear bottle right now. meantime we're following the markets coming back very nicely. dow up 150 points. facebook not so fortunate and a lot of technology stocks not so fortunate. it continues to lead in technology land, giving ground about 12% last couple days. this on news that the ftc is sniffing around facebook, trying to find out what it knew and when and taking advantage of

customers and not protecting privacy. market watcher keith fitz-gerald how big of a deal it is. what do you think, keith? >> i think facebook is in some serious trouble here and repercussions could be very significant for silicon valley, neil. neil: facebook has been the leader with the so-called "fang" stocks. you have apple and netflix and google. i'm wondering if that is called into question or this is an excuse to call it into question. what do you think? >> i think there some both, neil. i think investors, this is a long time overdue. silicon valley as you know is inhabited by a bunch of what i determine spoiled brats, self-indulged individuals who expect us to bow to products they have created. they are aloof and protected and no hesitation to tell us how to live our lives. now the microscope is reversed and it is on them the silence is

deafening. they don't understand the repercussions. they have a difficulty understanding why america is legitimately angry about this. this to me affects users and revenue and earnings down the line. neil: when i was looking at storm clouds oaf facebook right now, everybody was looking into it. those on the right, those on the left. those privacy advocates. in other words i'm wondering if mark zuckerberg who will no doubt be called to capitol hill to address this, what does he do, what does he say, how does he explain? >> neil, you have to look at the executive and what they're dealing with. for example, zuckerberg for his personal interests taking selfies around america, speaking mandarin and hunting his own food. he was in his office, counting -- taking names, figuring what is around his business how to fix it. i don't see the same sort of seasoned approach. maybe because i don't know mark zuckerberg personally but in this case i think that the

silence again from him and his chief operating officers is absolutely deafening and that concerns me from an investment perspective. neil: you know, do you think that maybe it is all ignorance which could be just as dangerous? that he had no idea and that could be just as disturbing? >> well, i hope for his case that it really is ignorance because if you have plausible deniability based on the fact there was improper communication, improper knowledge being distributed within the company, then you have got one situation. on the other hand you could have a repeat of vw and diesel-gate where senior executives not only knew what was happening but took steps to facilitate. i really hope it is ignorance. neil: what is being called into question, i don't want to belabor it, we have to go, 50 billion users set privacy settings so they could not be

tampered with so outside groups could not take them, they still had them take them. a number of people who use facebook on regular basis, you know what, i don't trust these guys? >> i have to tell you from personal experience my sons have labeled it creepy. i was personally talking with my wife about the monaco grand bring, an event occurs in the french speaking country, we were having discussion in japanese and it surfaced on my iphone. people could tell you it is cons defense. i don't believe this that stuff anymore. i'm one of the jaded customers you're talking about. neil: you doesn't want to tick off keith fitz-gerald. that is everything. thank you very much, keith fitz-gerald. we told you about an incident where uber-car ran over a pedestrian. phoenix police say uber about was not likely at fault. that the self-driving car was not at fault with the company.

nevertheless experience are out there that uber had to put a halt to this technology for the time-being. question for how long. let's go to jeff flock in chicago with the latest. hey, jeff. reporter: they did this once before, neil, when they had an accident, also in arizona. the intersection of pedestrians and vehicles happens everywhere. this one was a literal collision. by the which in chicago we have bike lanes. this is a lane that bikes ride in. this woman who was hit was not in a bike lane. she was not in a crosswalk. 49-year-old elaine hers berg, likely she was homeless woman who was making her way in the dark. now, that is on the seven side. but on the positive side, i should not say positive side but negative side for the folks at uber, this vehicle apparently, driverless vehicle technically was speeding, going 38 in a 35. no signs that that vehicle was slowing down.

despite that as you.out, preliminary investigation says probably not uber's fault. take a listen. >> if there is availability to do it please use a crosswalks when you're crossing the street. none of us want to go through this ever again. using a crosswalks will definitely limit that, limit any tragic incidents from happening again. reporter: the tempe police chief in a quote, we've got it from her now. after viewing video footage it is clear it would have been difficult to avoid this collision in any kind of mode based on how she came out of the shadows into the roadway. this is as i said the second uber-collision in arizona. as you know arizona is a hotbed of testing because the governor there basically said come in and test. we'll not put any restrictions on you. they were even going to allow totally autonomous vehicles in it, no driver. there was an emergency driver in the vehicle. that is the situation in arizona.

there was a previous incident about a year ago. an uber-car collided with another vehicle, nobody hurt. the uber car wound up on its side. it was again ajudicated it was not the uber-car's fault. i leave this statistic with you, neil, the last year we have statis, 37,400 people dead on u.s. roadways. all of them as a result of people driving the cars themselves. this is far one uber autonomous driver issue. so, wherever you stand on the issue, they're coming. neil: yeah they are. you can't delay it. thank you my friend. reporter: get out of the way is all. neil: be very careful of that. freedom caucus chair mark meadows was on this show yesterday saying our goal, republican goal come up to the solution to the attack line democrats have on the taxes. that they are permanent for

corporations, they're not for individuals. he wants to make them permanent for individuals. there is just one little problem with that. it doesn't seem to be going anywhere, after this. two, one, fadeaway. that was awful. why are you so good at this? had a coach in high school. really helped me up my game. i had a coach. math. ooh. so, why don't traders have coaches? who says they don't? coach mcadoo! you know, at td ameritrade, we offer free access to coaches

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for us, it's time to get tested. when this guy got a flat tire in the middle of the night. hold on dad... liberty did what? yeah, liberty mutual 24-hour roadside assistance helped him to fix his flat so he could get home safely. my dad says our insurance doesn't have that. don't worry - i know what a lug wrench is, dad. is this a lug wrench? maybe? you can leave worry behind when liberty stands with you™. liberty stands with you™. liberty mutual insurance. neil: this is all despite the tax cut that a majority of americans now seem to like. independents seem to like, but when it comes to controlling republicans, they don't like. what do you make of that? >> they will show up in november. for me i think it's really

incumbent upon us to press our leadership to not say, well we can look backwards what we've accomplished. we need to be serious about dealing with immigration, dealing with continued roll back of regulations, making sure that those tax cuts are permanent. i believe we'll do that on april 15th. neil: all right. that is house freedom caucus chair mark meadows who is pushing the idea making tax cuts for individuals permanent. budgetary restrictions getting through the senate. this is old saw to you at this point. they couldn't do that. could make the corporate once permanent. couldn't make the individual ones permanent. i don't know, in washington nothing is ever permanent meant. i have seen permanent things go away. tom bevin, washington examiner, and emily jashinsky. how likely, emily will he get his wish? i know a lot of republicans want to do that but is there

follow-through to do that? >> there is a lot of will in the republican caucus to and this is tough things for democrats. think of con no lamb will. this is antitax reform democrat. the republicans are saying what will happen people are motivated to come out to the polls by republicans achieving tax reform legislation. that clearly didn't happen last week. they want to start talking more what they have done for individuals and emphasize that in messaging strategy in november. neil: tom you could flip it around and say you mean the individual tax cut thing isn't permanent. >> sorry, say that again, neil? neil: a lot of folks hearing this say individual tax cut isn't permanent? that would be news to a lot of them, wouldn't it? >> it might be. by and large it is immaterial. people will get returns, file taxes on april 15 and feel good

probably about the tax cuts. we've seen movement in the polls. there are two problems with it. what have you done for me lately which voters would ask for in november. that is what mark meadows was getting to in the interview. the other thing republicans may in fact be a victim of their own success. they wanted to pass tax cuts to juice the economy, grow the economy, to the extent the economy continues to hum along, will fall down to voters list of concerns and turn to health care and education. it won't be as much of a factor helping them along fighting headwind they have in november. neil: emily, i'm surprised republicans are not seeing more follow through about this. regardless how feel about the tax cuts support is growing from independents and others and even democrats are surprised follow through on corporations sharing some of their tax cut loot. why is that the case? >> it is interesting because we've seen public opinion become more and more favorable over time about tax reform. the question how does that motivate votes? how does that change opinions of

republican party or favorability of the republican party. i think tom is correct. people have mind on other things. if you talk to candidates running in trump-friendly states, they say what they hear from republican voters is about immigration and failure to repeal obamacare. i think health care is for most on a lot of voters minds. the republican congress has not done anything, achieve anything to ease a lot of people's concerns when it comes to health care legislation. so i think it is people's mind are crowded. economy may not be foremost. neil: tom, real quickly, do you think the gap, double-digit gap people referring to democrats versus republicans is that real? >> oh, sure. neil: yeah. >> i think it absolutely is. just a point of reference in 2006, when the democrats picked up 30 seats the generic, two party vote was nine points. it is 8.2 right now, "real clear politics" average, democrats have a lead. they need 24 seats to pick up, regain control of house in november. neil: interesting. thank you both very much. i do appreciate it.

speaking of taxes, they're very high in california. a lot of costs in that state are very, very high. we're getting word a lot of residents of the state are leaving. oh, it is just the well to do, right? actually it is not, 55,000 and under crowd. they're leaving. where are they going? after this. mom, dad, can we talk?

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is nobody that even comes close to us in terms of technology and the quality of the equipment. and saudi arabia appreciates that. they have done tests of everything. they appreciate it. they understand it very well. probably better than most. so i just want to welcome you, say, great lon nor to have you back again. some tremendous things have happened for you since your last visit to the white house when you were the crown prince and now you're beyond the crown prince. i want to congratulate you. i thought your father made a very wise decision. i miss your father, a special man. i know he is coming over soon. but we do miss him. that was very incredible two days. we appreciate the investment in our country and thank you very much. >> thank you, mr. president. we believe the same. i do believe that the opportunities are huge and we're trying also to work on opportunities and prepare a

visit for his majesty with new waves of different opportunities in different areas and we believe we can do other things. >> thank you very much. thank you very everybody. thank you very much. thank you. >> [inaudible] >> do you want robert mueller fired, mr. president? thank you very much. >> let's go. make your way out. let's go. >> terrible. terrible thing. [inaudible] neil: all right. the terrible thing he was referring to was the school shooting in maryland. the shooter is dead, two others were injured. dan mitchell back with us on this exchange briefly with mohammed bin salman the crown prince of saudi arabia. you know it is interesting, the prince, dan will be in town for two weeks. he is going from new york to silicon valley. he is striking up all these business deals. he is all of 32 years old. he is cracking down on corruption and the like.

some are saying he made things more corrupt by targeting even some family friends but where do you think this relationship is going? >> saudi arabia has a big, long-run problem and that they used their oil wealth to create a massive web of dependency on government. then you have of course the thousands of in effect royal family hangers on accumulated all the wealth. the crown prince is taking some of that back but he is not giving up his own wealth. so i think he understands that the country has to somehow diversify its economy but how you do that with the population that has become so dependent on government is a big challenge. i don't know that striking a few business deals in the u.s. is really going to address that challenge that they face. neil: you know also there is an effort to find other energy and alternatives in saudi arabia, rich as they are in oil. i don't know where they're going on that but they're very concerned with our increasing energy production, aren't they?

>> no question every single opec country, whether any oil-produces country, whether you're looking at saudis and or kleptocracy in venezuela, whether putin's russia, the fact that the united states opened itself up to energy exploration, the fact our entrepreneurs created fracking revolution, we have a more pro-energy president now. forget all the other faults i think he is is very good on that, that is bad news for oil-producing nations who used to have u.s. over a barrel. neil: thank you, dan, like the twist on words. prince is noted for revolutionizing the environment for women. it is such a big deal, the fact he allowed them to drive and work, he is a trailblazer. all right

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>> we have a lot going on. the dow is about hundred 80 points up. facebook is not so lucky. we are waiting for the white house briefing, at least the beginning of it. the president could address not only the follow-up explosion or expose of devices found in texas but the fact that they don't know who is behind it all. things are accelerating. the president is also expected to hit china with $60 billion in tariffs. now, the administration had supposedly agreed to figure more like $30 billion.

connell has the latest on that. >> it's interesting because we knew this would be the next big thing even when we're talking about steel and aluminum tariffs but to your point the question will always be how big with the ministration go on chinese tariffs. adam shapiro has been out in front of us the past couple weeks saying it could get up to $60 billion. we will see how they work this out because the timetable is also important and the commerce secretary, wilbur ross was up your earlier testifying before the house subcommittee on a different topic and was asked about this. here's what he said. >> intellectual property writes on the topic of a separate 301 investigation, which should coming to a conclusion in a fairly immediate future. the pending what the study recommends and depending on what the president does with it, that will be a direct

response to the problem of intellectual property rights. >> the fairly immediate future is what he said. that was heard from a wall street analyst that one of the holdups may be in finding additional products to impose a tariff on to get from the 30 billion-dollar up to and close to $60 billion. we will have to see if that holds things up and pushes it off to next week. we also heard from the chinese on the topic of trade. the number two guy in china is the chinese premier and here's his quote, i hope china and the u.s. will act rationally and not be led by emotion and avoid a trade war. that's the chinese saying they hope to avoid the trade war. they also talked about opening up the chinese economy but here on capitol hill those types of comments are met with much skepticism.

we will see if it's later this week or possibly next. >> thank you. also, we want to bring you up-to-date on something before we get to our next guest. toyota said it will temporarily pause these automobile driverless automobiles that are all the rage right now after the fatality in arizona in which uber said it was pulling back from this from the time being even though local law enforcement said it was not specifically uber's fault. they are freezing activity in the area and now toyota is following suit. we will keep abreast of that. back to the trade war situation that the president is initiating, it's part of an ongoing trend and one that worries conservative economists. take a look. >> do you worry this goes out of control. >> it's very easy to start those kinds of wars. it is very hard to stop them because they grow completely out of control.

the idea that we have to have a budget surplus, if that's better than a deficit is completely contrary to what all the evidence shows. during the great depression of the 1930s, we had trade surplus and it didn't do this a bit of good. >> as a conservative who doesn't like the government getting involved and he says whatever you're going to do if you get the government involved, it will make it much worse. joining us now, we've just alerted the prime minister lives in new york city but a big snow storm is coming in he was apoplectic. >> what you make of what the president is trying to do here? >> he is upping the ante. >> he certainly is, there's nothing wrong with that and i think the presidents tactics to put pressure on the chinese government over unfair trade practices is a fair thing.

the question is, where do you want to land this overall outcome for american manufacturers or producers or service providers? i'm a little concerned like your previous interview, the conservative economist you just referred to about what the landing point is. once you do kickstart a trade war, terror for tariff, look at the crises that tend to escalate and the people who end up paying the price at the end of the day are consumers with higher prices and also workers in those industries which get hit. >> i don't know if you with this when you are running things in australia but the fact of the matter is some economies, like the chinese, are well-known for shielding themselves from foreign competition. go about finding an automobile and american-made in that country or from australia in that country. i'm wondering what is a leader to do faced with that?

>> given the difficulty that we face with china, and i have no disagreement with anything you have just said, china's trading practices have been unfair. there have been effective subsidies to what china is exporting to the rest of the world and there has been the theft or the legal procurement of intellectual property from international firms, these things have happened. the key question is what you do about it? my advice would be, for example, on steel, why not join with other countries who are affected by the dumping of chinese steel on global markets in a combined antidumping action against the chinese through the international legal procedures of the wto, wait for that determination and then through that united action see china have to rain back.

>> some are impatient and say it's skewed against america. >> it's not an eternity but then i see the president announced there's going to be 30 and now $60 billion worth of tariffs supplied under the 301 against chinese goods but if we believe today's newspaper reports. i've been looking at twitter, this time from beijing, from the editor at the global times. the global times is not the people's daily, it's the semiofficial daily newspaper where they can be somewhat more outrageous than the people's daily, but kind of usually get it right about where the government is going to go. it's a significant week. he says they've noted what the president is about to do, watch the global times tomorrow for what china will do on the $10 billion soybean market. >> so this is the tit-for-tat. >> the president, as long as i've talked to him for many years, he has been of the view that the chinese need a hell of a lot more than we need

them. that might be a dangerously arrogant attitude, but that's what he consistently said. what do you think that position? the same could be said in australia were much of your fortune depended on trade and business relationships with china sea had to be very careful. >> the bottom line is you and the chinese need each other. that's what the global economy tells us in terms that. >> but the presidents -- >> hang on. there's two different point spread first, do you need each other? you have two giant elephant in the living room. once the united states and one is the peoples republic of china. these are the two largest economies in the world. if you have an american firm who wants to be in the marketplace, there is a market now that you cannot ignore that's just a reality. the second thing is of are the chinese being fair? no.

the question is one of the best tactics. there are a bunch of rules be used through the existing laws of the world trade. >> other have used them. >> up until now there has been no combined dumping action. >> so you think in unison there could be more fact. >> and you do that without busting the system and secondly the chinese can't lawfully retaliate as they will do on soybeans if the present proceeds with 301 as it is currently being indicated. much is have a clear idea about tomorrow in the next day when you have agricultural producers appear on your program saying what about agricultural markets. >> you will have a lot of snow. this is not a familiar sight. are you ready for it tomorrow. >> they tell me it's white. >> it's kind of not like the sand around the beaches.

>> no it's not. >> i am flying to beijing this afternoon. >> you will miss it. >> the reception will be somewhat colder. >> and beginning to wonder after what you just said. it's always good seeing you. thank you very much. in the meantime we are following the open market committee that kicked off today and wraps up tomorrow. we will see rates move up for the sixth time in this particular cycle but first with the federal reserve chairman and the first of this year let's go to market watch and talk to.com columnist. liz, are you in the crowd that says all right, we get a rate hike. >> for sure there will be a rate hike. the question is if there will be three or four rate hikes this year in all that i think the street is getting used to the idea that he will take a hawkish approach meaning four rate hikes this year, three next year because we had a gang buster job report for february and all the

indications are that even though we have a looming trade war, something he won't talk about, that the economy is doing very well and they need to step in a little more aggressively. >> there's another school of thought on that and i have no reason to doubt liz, but you could make a counter argument that the economy isn't necessarily going gangbusters for the housing market is softening, retail sales aren't much to write home about, we have $21 trillion in debt but you could be saying now might not be the time to be aggressive on the upside. what you think? >> one of the hardest things to do with investors is keep their head clear of the trash that can confuse the situation. the fed might raise the rate but a lot of investors bought into the scenario that the fed has kept interest rates low therefore the economy has boomed in the market has gone up only because of the fed and

it's a very fictitious way of looking at the economy. the truth is, the fed does very little to the overall economy, very low to real interest rates because central banks across the world have been widely different policies but interest are similar because free-market set the interest rate, not the fed pad my message to investors is stop focusing on the fed. you need to focus on the next 20 years of your portfolio and own equities and if the market does go down you have to sell fixed income and by when they're low. if you want to get into the investors had when the market goes down, that's an opportunity, not an opportunity to panic in her yourself but that's the information i want to get to investors. >> we have this whole musical that we are planning in a special segment so if you could just play along with this we would very much appreciate it. >> let me ask about the spread the argument is, if a rate heighhike would come it would

be the first of this new cycle but even with that, rates are way way below what would be the historical norm and they have to go up a lot more if for no other reason to add some arrows to the quiver. are you in that camp? where does this go. what is your sense if we get equilibrium or what are you looking at. >> i think that's the question, what is the target, a lot of people think by the end of next year we are talking to half or 3% but you're quite right, it's been an artificially low rate. i should back up. it's not artificially low because in fact we've had such slow growth and demand that rates have trended lower. to your point, i think a lot of people are concerned about what if we look at recession three or four years from now, what will be the ammunition that the fed has if interest rates are 2%. the answer is not much.

i think there is a desire and janet yellen put this in place a couple years ago, i think basically the fed would like to see rates that are more sustainable, normal level, whatever that turns out to be and i really kind of back this up, henry falls and gave a speech where he talked about how the fed had been wrong for 34 years on its economic forecasting so i think we had to put all of this in the context of it's a short-term thing that were all focused on, it is in biblical or miraculous judgments that will come down from the fed board. >> is it your sense that the market would withstand all of this, whatever happens. >> that's a great question. markets are amazingly resilient, just look throughout history, there's been world wars, depressions, terrorism and through all this, going all the way back to 1927, markets always rebound. one average from about 111

days from the crash. the biggest enemy investors have is not the market. the biggest enemy is in their own mind because they act like they are prehistoric men and women walking through the serengeti. [inaudible] [inaudible] it never got back in and that's four 100% ago on some of the indices in the s&p and the dow. it is really, it's just like eating and dieting. you eat less you move more you lose weight. you diversify and own equities and stay disciplined and you make money but nobody wants

the diet and exercise and very few people liked his day disciplined over long periods of time. it's a mind game. >> you are doing great and i appreciate it. if you eat less, you will way (i love it. the dow is about 97 points right now. we are up. for mom, the nation's largest senior living referral service. for the past five years, i've spoken with hundreds of families and visited senior

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what's going on in austin, a great place, tremendous place and it's absolutely disgraceful. we have a lot of power over there. we are looking. it's not easy to find but these are sick people and we have to find them as soon as possible. >> the president calling as soon as possible, this is a sixth exploded package that was found. david, let's begin with you. is this another unit bomber type situation? >> it could be. we are looking at a situation when we are looking at bombers in particular and serial bombers particularly, they are trying to get attention to themselves or cause so depending on what the individuals motive is, we could be looking at a

protracted situation here. >> one thing i do remember about that is he sort of played with authorities at the time, he was taking out someone in connecticut or what have you and i'm glossing over. how much do you think is going on here. >> it could very well be going on here. it's certainly a huge difference between the bombings and kaczynski. he was very methodical and we took 17 years to put all of his devices down where all of these are becoming very close to each other. >> that is an interesting development. in this case, god for bid something like this could drag on for years.

>> he was prepared to do this or he is working alone and took some time to prepare his plan. they take a lot of pride in their abilities and planning skills as well. he actually has some kind of assistance and they are able to generate these devices rather quickly. >> a lot of this was thought to be racially motivated. it might've been in the beginning but the san antonio office explosion that went off prematurely, this is obviously confusing authorities as to what the ultimate goal is, but do you think that it is targeted in and around the austin area, the package that exploded in the san antonio fedex facility was meant to go but never made it there.

>> certainly all of the evidence points in that direction right now and the investigators are extremely busy, i know, i've been there number of times with going to the scenes in trying to get everything they possibly can out of the scenes. as far as whether it was racially motivated or not, we've certainly seen in bombing incidents in the past where the person who is making the bombs sometimes puts out a smoke screen and the people you think are actually targeted, it's therefore fanfare that the ultimate goal is going another direction. >> david, a lot has been made of the spillover fear factor

and they say i'm never gonna open boxes dropped at my front porch so the fear factor justifiably, is building even beyond the austin area. what you tell people. >> the biggest thing right now , you are right, they are trying to build fear into the community or region were specifically dealing with an organization or industry, but in this case what we would tell people right now is to stay vigilant, get the phones that everybody loves using these days and help out and enhance surveillance in the communities that you are living in an anything that you see suspicious or suspicious individual, record those incidents and report them to the local law-enforcement officers because most cases, when were talking about a serial, violent offender, many of those cases are solved because of the tip that comes in from the public. >> i imagine there is some video of some package being dropped off somewhere, were just not aware of it.

>> absolutely. >> i would believe that there is certainly a lot of camera coverage today that is incidental to neighborhoods, its banks and a lot of other places that have surveillance, if you will, at the locations that somebody could pass by and you could pick that up there, or just in the traffic lights and intersection. absolutely. >> it might be out there, what do you think. >> absolutely. the more vigilant the communities are, the more their aware and using their situational awareness, specifically in that region, they will be enhancing everything that the public officials are doing at this point. >> thank you both very much. there's so many developments here. we will keep on top of it and any news we get.

authorities are urging whoever is behind this to talk. so far, no one is talking. opening your own shop? every day. i think there are some ways to help keep you on track. and closer to home. i'm all ears. how did edward jones grow to a trillion dollars in assets under care? thanks. by thinking about your goals as much as you do.

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i had a call with president vladimir putin and congratulated him on the victory, his electoral victory. the call had to do also with the fact that we will probably get together in the not-too-distant future so that we can discuss arms race. >> the president congratulate them a patent for his victory. john mccain didn't waste a second responding. he does not lead the free world by congratulating dictators. in the meantime, the federal trade commission looking into what happened to facebook over the use of that personal data

and why this kind of stuff seems to keep happening. gary has the details. >> facebook shares are down another 5% today is the company's deputy general counsel is meeting with employees to discuss the data privacy scandal. the federal trade commission, as you say said to be, by multiple sources to be investigating facebook. by the way, you should know that may be a formal investigation as facebook is saying in 2011 they settled complaints brought by the fcc that it failed to protect users privacy and are now investigating whether facebook broke the terms of that decree. they say contrary to reports alex they most is not leaving the country. the country also confirmed efforts to watch an audit of cambridge operations by the uk information office which mentioned they are pursuing a warrant to conduct the investigation. back to you. >> how are you feeling.

>> excellent, other than a cold. how about yourself? >> okay. you've done a remarkable example. thank you so much. in the meantime, technologies biggest test right now could be. [inaudible] let's get all of this. he's been following this industry very closely. what you think is going on. a lot of people are pouncing on this maybe as an excuse to sell, an issue that has gone up fast and furious. let this bull market rally, you could argue and it's continued to advance these past couple of days. what you think? >> everyone always likes an excuse to sell, but this has and going for a while. it is a little bit different this time. for the entire public life of facebook, since it came to market it's been above the 200 day moving average for about 90% of the time.

that means institutions have been supporting this name and dips have been bought, especially when it reaches the 200 days. when institutions come in, that's the big money, not the fast money and that was broken and then you had a decisive move below it today, below that 170, 171 and now you're seeing outside volatility. institutions did not come back and save this again. i think now technicians bigger investors might be looking at the 155 to 157 name which is still a decent amount below the spread. >> so this isn't over. >> it doesn't seem to be. some people thought maybe it would be a fake out yesterday and rally today, that didn't happen. also if you look, what's interesting, twitter, some people thought maybe money would flow from facebook to twitter but now twitter is down seven or 8% so it's becoming a social media story and snapchat is out.

when you have a situation like this that spreads, then other tech names start to get a little worried bad news could actually be bad news. yesterday we bounce off the moving average and technology. if you look at the cues, that's 16550 which was good to bounce off of but in the next day or so if we break that average you will see some tech dollars. >> it's been remarkable to follow a lot of the stocks, especially when we look elsewhere. every time it looks like this was the moment to get punched, they come back. you get a sense that that could happen or is this something investors should pay close attention too. >> a depends on your timeframe. if you trade actively you have to get out of the way because of you have a bad month you're not getting paid. if your institution you want

to buy and it could break it. we've seen strong names in the past break their 200 day and stay in a downtrend for a while thereafter. even with an investor you still have to be very careful of any big names under the moving average because that means they've lost some institutional support and you can see downside. >> so many of these issues dominate all of these tech and sector funds that have been enjoying the ride given their strong performance, disproportionately waited in the stocks. what happens then. >> today you are seeing some flows go to the energy names. those for the past month have been lagging so the sle is up and they're trying to rotate the money somewhere but i don't think the market will be all excited if it's led by

energy sector or industrials. markets like to be led by tech, they like to be led by innovation in the banks and right now we are going through a little bit of an identity crisis right here so that's why the market is a little bit more skittish than it's been prior to this year. >> really good stuff. thank you. >> all right. in case you didn't know, spring has sprung and we have a nor'easter. he always bring so much joy. adam what is this about. i do want to begin with the bad part of spring were talking about tornado watches stretching to mid florida along the gulf coast and through the gulf coast back into portions of south carolina. this is all until 7:00 p.m., part of the same energy that will stretch its way up into the atlantic and that's were talking about this nor'easter that unfortunately is already

unleashing watches and warnings of the winter type stretching back into the ohio river valley toward d.c. in an area that might really get hit toward philadelphia and boston. it does appear to be a system that hits harder in the mid-atlantic but there is some indecision with these particular model. you can see from 2:00 p.m. this afternoon watching this move up to the north and filling in, there is your rain snow line and as long as you're on the snow side, that's when a big heavy snowflakes will fall and you will see the start accumulate. think overnight tonight into tomorrow, but mostly an event that will be happening on wednesday when the heaviest snow will be falling for all of these areas. you will see it move offshore and you're seeing snow from d.c. stretching up toward boston and tracks on out late wednesday an early thursday morning. when it's all said and done, at least currently a lot of these models are putting it

more in the mid-atlantic. these are spots where we could see up to a foot and a half of snow in some of these isolated areas probably do want to show you what some of these models are predicting. there is a little bit of variation but you can see it getting up too close to 10 inches and these models, a little higher than that. you're getting 6 inches here and it does continue to fall. there is still little time with this and we could see as much as a foot of snow in places like central park. this is something we will watch really closely. >> for nor'easter's in as about as many weeks. that has to be a record. >> we don't see very often. once in a while you do get the jet stream and the pattern that can go up the coast and we are stuck in it right now. >> thank you very much. every time i see the guy, i look up. we have a white house briefing moments away. they will be addressing. [inaudible] maybe tomorrow at this time they could be talking the

other stuff. today, we're out here with some surprising facts about type 2 diabetes. so you have type 2 diabetes, right? yeah. yes i do. okay so you diet, you exercise, you manage your a1c? that's the plan. what about your heart? what do you mean my heart? the truth is, type 2 diabetes can make you twice as likely to die from a cardiovascular event, like a heart attack or stroke. and with heart disease, your risk is even higher. but wait, there's good news for adults who have type 2 diabetes and heart disease. jardiance is the only type 2 diabetes pill with a lifesaving cardiovascular benefit.

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>> we are awaiting the white house briefing. this as john mccain is all over the president for responding to vladimir putin on his win. i'm sure that will come up. speaking of the saudi arabian prince, he has been looking at doing more energy related deals with the united states, of course he is very aware it's a major energy producer but i think phil was on that phenomenon years ago. that thought was inebriated when he made the prediction and sure enough, he was right. what you make of this now in

this cozy relationship the president has with the saudi prince and maybe they're doing some energy deal together. >> i think it's a major major deal. instead of the adversarial relationship we had with opec and saudi arabia over the recent years, they seem to be working together and that has huge ramifications for politics in the world as well as global oil market. one of the things we have seen in recent weeks are these concerns about it ran and rising political tensions and that has called oil prices to really search the last couple of days so we've seen this relationship really developed, we know that they had been talking to donald trump, wanting him to take a tougher line on it ran and that will be one of the things on the table. when that happens, that means sanctions and higher energy prices but interestingly enough, president trump's comments about getting vladimir putin a call on the phone actually pulled back to

oil market. when i came out, it came down because there was also concern that president trump was going to increase sanctions on russia and that could've also restricted oil supply, caused prices to go back up, but now it seems like donald trump wants to talk to him about north korea, the proliferation of nuclear weapons and a couple other things. it seems like he will be on speaking terms and that caused oil prices to go down. right now we have rising geopolitical risk, tightening supplies globally and that's really the recipe for higher energy and higher gasoline prices. i think it will be a very expensive summer. >> we were just showing some of these averages. they have been picking up ever so normally. what do you think will happen by memorial day. >> i'm afraid in the next few days these prices could spike ten cents a gallon very quickly. once these refiners come into

the summer blends of gasoline, we will see supply the tightest they've been in some time and people don't realize it's because demand for u.s. gasoline is through the roof. consumers are feeling better about the economy, their spending money, they're buying bigger cars and driving like crazy, they set a record amount for gasoline consumption in this country last month. they can imagine the weather was really great last month. can you imagine when that weather gets better how much the demand will be. i see much higher prices in our future. >> to think the federal reserve having a two-day meeting kicking off today will raise energy prices into the decision-making. >> it does, i think it does because they have to look at inflation, they've actually been rooting for inflation. some might be secretly happy that were starting to see a little bit of that, but too much of a good thing could be bad. if the fed comes off heartlessly that could mean downward pressure on energy prices but i don't think were

in that environment. i think they will try to keep the course as steady as they can and acknowledge that prices may be rising, but according to the last fed statement they said inflation is not a problem and they expect prices to moderate. they may rethink that if we see gasoline prices surge. >> thank you. always good to see you. >> we've had a fifth explosion in texas and one that was just diverted that could've been even worse. the latest one went off in san antonio at a fedex facility. you can imagine in that neck of the woods. what do you do when you have a package, do you open it, what you do. that's just not a fear right now in the texas area. for a lot of folks there sang at the

fear everywhere. more after this.

♪ there's nothing more important than your health. so if you're on medicare or will be soon, you may want more than parts a and b here's why. medicare only covers about 80% of your part b medical expenses. the rest is up to you. you might want to consider an aarp medicare supplement insurance plan,

insured by unitedhealthcare insurance company. like any medicare supplement insurance plan, these help pick up some of what medicare doesn't pay. and, these plans let you choose any doctor or hospital that accepts medicare patients. you could stay with the doctor or specialist you trust... or go with someone new. you're not stuck in a network... because there aren't any. so don't wait. call now to request your free decision guide and find the aarp medicare supplement plan that works for you. there's a range to choose from, depending on your needs and your budget. rates are competitive. and they're the only plans of their kind endorsed by aarp. like any of these types of plans, they let you apply whenever you want. there's no enrollment window... no waiting to apply.

so call now. remember, medicare supplement plans help cover some of what medicare doesn't pay. you'll be able to choose any doctor or hospital that accepts medicare patients. whether you're on medicare now or turning 65 soon, it's a good time to get your ducks in a row. duck: quack! call to request your free decision guide now. because the time to think about tomorrow is today. there are a lot of developments going on in the market. i don't want to ignore them as we wait for this white house briefing to begin. it began with facebook getting

crushed again today. that's 7% yesterday, is adding to that was a big selloff today and that rarely happens. once you see stocks get hit they usually come back but now you've got the sec circling its wagon around facebook to find out what they knew and how much they knew about this cambridge analytical political firm doing work on behalf of then candidate donald trump. it might've been able to get information from 50 million users. this was not just unique as republican, a similar strategy was employed by the obama folks back in 2008, 2012 when facebook was a lot smaller, not nearly as big a force here, but already the company has had a number of emergency meetings with its employees to address and tell them a little bit more. we've seen the security chief now that he is stepping down and they have this effect on a lot of technology-related stock. amazon has been bucking this trend so far but most others have not. we've heard from a number of analysts on the show that have

said these stocks have run up with abandon. it might be premature to say this is the end of it, but normally after a stock takes a big hit in the technology sector, it rebounds and when the entire technology sector gets hit as it did yesterday in that 335-point down , at least some issues rebound. we are seeing some of those issues rebound but not all. facebook thing will be interesting, especially now that looks like the fcc will be looking into that situation. we will keep an eye on this, also keeping an eye on what the federal reserve will be keeping an eye on. energy prices that are moving up a little bit, gas prices

that could move up. then you have the president outlining tariffs that would make the cost of goods that come into this country a lot more expensive. the government doesn't pay that, you do, but it could be an interesting development and one that might come up at the white house briefing. >> today we honor the men and women who work every day to feed, fuel and close the people of the united states and the world. as you may remember, when the president spoke at the american farm bureau convention earlier this year, he said our farmers deserve a government that serves their interest and empowers them to do the hard work they love to do so much. this administration is making sure government does that by reducing burdensome regulations, allowing them to be more productive, cutting taxes and empowering them to make their own decisions about

investing in their operation. by working to make sure our trade agreements are fair and other countries play by the rules. the president was proud to issue a proclamation declaring today the 45th annual national agriculture day. earlier today the president was pleased to welcome crown prince mohammed to the white house. this meeting provided an opportunity to make progress on a range of issues including syria and its sponsors, yemen, the gcc and israeli-palestinian peace efforts. today we were able to engage with saudi leadership as we do on an ongoing basis to increase our coordination on regional issues, advance shared strategic objectives and develop new channels and capabilities to institutionalize these interactions. >> this afternoon the president also, will also meet with top law-enforcement officials, members of congress and administration leaders to discuss the threats of lawless sanctuary cities. sanctuary jurisdictions released thousands of criminals back into our communities. such policies threaten the safety and security of our people. every american family deserves to live in a safe and secure

home and neighborhood. thanks ray cities make the goal much more difficult to achieve. the president is committed to restoring the rule of law on these committees and communities. we are continuing to monitor the situation in austin texas and maryland, our thoughts and prayers are with the victims involved in these situations and we will continue to work with state and local law enforcement officials around both of those incidents. with that, i will take your questions. >> i like to ask what the president said about meeting with vladimir putin sin. there's nothing that would put them in the same city at the same time until november. what he's talking about, would that include a visit of vladimir putin to the white house or the president going to russia. >> there are no specific plans made at this time, but we want to continue to have a dialogue with russia and continue to talk about some of the shared interest we have, whether it's north korea, he ran and

particularly as the president noted today, slowing the tensions when it comes to an arms race is something that is clearly important to both leaders. >> now that vladimir putin has won another term as president, is he concerned that he will continue his aggressive posture? maybe increase that posture? >> we will continue to maintain the position that we have had and be tough when necessary. at the same time, we want to continue to have dialogue so we can work on some of the issues that concern both countries but we will do that while being tough on a number of things including sanctions on russia, rebuilding our own military and exporting energy, things that we know are not great for russia. >> can i get your reaction to john mccain. he said an american president

does not lead the free world by congratulating dictators on winning scant elections and by doing so vladimir putin, present trump. [inaudible] how do you respond? >> look, the president once again has maintained that it's important for us to have a dialogue with russia so that we can focus on some areas of shared interest, the one that already named, at the same time we will continue to be tough on them. the president joined other countries in these calls, both germany and france have reached out as well as president obama in 2012. these are conversations that sometimes take place and certainly the president finds there to be an important and

having that dialogue with russia so that we can talk about some of the big problems that face the world. >> does the white house disagree with senator mccain's classification as a sham election. >> we disagree with the fact that we shouldn't have conversations with russia. there are topics we should be able to discuss and that is why the president will continue to have that dialogue. at the same time, we have been very clear in the actions we've taken that we will be tough on russia, particularly when it comes to areas where they feel they've stepped out of place. we put have sanctions on them and a number of other things. : readout of that phone call. doesn't say anything about

election meddling. did the president not raise issue of election meddling on the call? >> this is something we have spoken extensively about looking for ways to step forward to make sure it doesn't happen again. >> the president's new attorney, joe denova there is brazen plot by the fbi and doj to frame the president. does the white house share that view? is there a plot to frame president trump? >> we certainly said there have been some concerns with some of the actions that were taken but in terms of any comments he made i couldn't speak to those. matthew? thanks, sarah. two questions on the putin phone call. first does the white house believe the election in russia was free and fair? zoo same? >> does the white house in believe the election in russia was free and fair?