stuart: high for amazon was $1617. down to 1426. down about 200 bucks from the high in matter of weeks. that is a hit and a 1/2. steve forbes, much obliged. ashley too. neil, it is yours. neil: stuart, thank you very much. keeping amazon thing in perspective, if you were looking at stock a year ago, it was well off $1000. technology off the worst levels, i should say technology for the day. we'll explore whether the white house influence over wall and broad particularly at technology. market, had wind at their backs, nine straight quarters of advances. that might be in peril. we'll tick down the final days of this particular quarter. for a read on all this, "wall street journal" wealth reporter, you're wealthy for one thing. they don't put any shlub in

there. she is not that veronica tagfer. market watcher extraordinaire, michael block, he has broken a beard in case he shields himself for his clients and charles payne. >> the non-wealth reporter. neil: cottage industry we call payne. you know, guys, it is so interesting we're talking about it, depending on the minute you're looking at stocks, we're either up or down and not just a little bit, splitting the difference with a gain of 52. a lot of this with the idea, veronica, we don't know how far this technology rout could go or government sniffing around facebook could do the same to other premier technology players. that is weighing on the group. what do you think? >> we saw that in twitter. we saw it in amazon. how far does it go? what kind of regulation will we get? some people think we'll get some

more. basically though, if you're an investor and you're looking at this market, seeing volatility up and down every day, do i buy, do i sell, when do i get in? what i'm hearing from a lot of financial advisors is dollar-cost-average. you will not be able to time this market. who knows how long the rout will happen. stick to the long-term strategy, go from there. we don't know what will end up with facebook. but these players will not go away. that is the safe thing. neil: we have had more swings of 1% more this year than last year, double. what we were experiencing all of last year. that can upset some people. >> the thing i recognize here, these volatile episodes do not happen in isolation. they feed on each other. they cluster together. the science and math proves

that. we get a day like monday, we get a day like tuesday and we get a morning like today in amazon. i look at it opportunity to own quality tech stocks. if amazon drags down less controversial names in software or semiconductors, maybe the time to dollar-cost-average. neil: you don't apparently assign that to amazon? >> the thing i will say about amazon is this. remember november 2016, a big event happened then. trump got elected. we heard he is going after sill son valley. he hates jeff bezos. he owns "the washington post." if you listened gotten short the stock, amazon was below 1000 beginning of this year, a year ago. these are times when you want to think about owning stocks if you like them. you don't chase them. wait for opportunities like this. you stand your ground. i still like the story. this is one i want to buy as opposed to i want to run. neil: what do you tell your clients, charles.

>> essentially the same thing. we focus on fundamentals f they're growing top line organically, they have pricing power, their margins are expanding, taking market share, you have names you want to buy on the dip. neil: is amazon among them? >> absolutely. neil: really? >> even apple, all the times people point at apple, the last time they put out their numbers iphone, had a huge jump. even off years they have pricing power and they take market share. neil: some say we see deterioration going own. >> goldman saks said that they come out from the digital times in singapore or whatever. everyone is guessing when the peak is going to come. i think that is a huge mistake. i am salivating. tech played such an amazing leadership role last year, if you take out the big names the market didn't have such an

amazing year and the market is grappling for alternative leadership. that is one of the problems with the broad market. neil: what i worry about, maybe with the best of intentions, raise with you, varrone can, what congress wants to know about facebook what it knew and when, shares data on millions of its customers. when i hear the tesla accident weeks ago in california, they want to get to the bottom of that, a separate investigation into that. they're dragging into this, we might want to talk to the twitter principals how they do their business, someone will do a washington fix. my experience whether you look at banking industry, oil industry, with the best of intentions they go too far. should i be worried as an aggregate investor? >> you should know these tech companies are very powerful, they're very wealthy and they have a lot of lobbyists on the

case already. neil: seems to work like a charm for facebook. >> i think the key with all these tech companies i think they are increasingly open to some degree of regulation, more so than we would have seen two years ago. two years ago you would have said that, they would have bach bach -- balked. now they are playing a ball a little bit and throw washington a little carrot here and there in terms of concessions -- neil: be careful. >> to your point a little bit of regulation may act like a moat around them. they are already established. it could be a barrier to entry for would-bee rivals to in the future a little bit of regulation may cement their position in terms of being powerhouses, actually make it more difficult. same thing with banking. we saw banking regulations, what happened. big banks got bigger, small banks went out of business. >> we have to ask ourselves is how hard does the white house

want to push on the market here? how badly do they want to get facebook and amazon? how badly do they want to get them? there is election in november. if tech is down and under pressure, the way trump's mind works, he knows the market has to do better, they have to do something to get the market up. they may push harder on that than they bar gained for. neil: why push the tariff thing? any logical rationale it was a mistake t could work out quite nicely if the chinese make concessions. certainly if the south koreans put up some concessions. >> there may be a method to the madness here. neil: that's what i'm saying. do you think he is not biting off more than he can chew that there is a strategy that can pay off? i think more luck than anything else but your thoughts? >> that could be the case. how do i cow my opponents here.

make there are political current going on here. i'm not saying i agree or disagree with that but there is something going on. we haven't heard a lot about infrastructure spending recently. apparently that is tabled. if the polls show democrats have good chance of taking house or senate, does anyone think the white house and gop might start talking about this a little more, pumping the economy prospects up and pumping the market up and maybe forget about the peck dillos with facebook an amazon and everyone else? no facebook is not a white house situation. it is more mainstream media in part upset because maybe they played a role propelling the president trump into the white house. when they helped obama it was okay. but i will say -- neil: don't you think if you're donald trump you have far more problems with "washington post" owner jeff bezos than you do with mark zuckerberg? >> absolutely. absolutely. neil: don't you think there could be something to targeting amazon and making live difficult

and even mnuchin saying we are looking at their tax treatment? >> last quarter the u.s. postal service lost $540 million. amazon has a sweet deal with them. he knows he will not derail amazon or "the washington post" because it doesn't have to make profits. first and for most he will step up to the plate to help his voters. then i think the market comes in. the market should work out as a consequence of all things he is doing ultimately. if it hits an air pocket -- neil: you think there is method to his madness. >> i absolutely do. >> he knows old school business. don't know tech. he doesn't understand tech. he understands from his millionaire friend their shopping malls, their commercial real estate is going empty because all their business is on lines. he has his friends in his ear, help us, our businesses are getting destroyed. neil: are those friend not

necessarily affected by trade policies? he is hard-line on trade. he enacted some contest sessions in south korea. he might get some from china. all i know this meeting with the north korea and the chinese leader was born of tariffs. but having said that do you fear this could get out of hand it, could get a little weird? >> it could get weird, absolutely. we don't know whether this president, he keeps everyone on edge, twitter, news of the day. we don't know where he is going with any of this. however, seems like so far things have worked in his favor. >> the one thing i will say here, there is a lot of unknowns. i will say i was saying this, these are the days you want to buy quality tech. the things i'm short are autos and retail which get dinged up lack of access to cheaper goods if the trade rhetoric heats up. neil: maybe not if south korea is willing to purchase more american cars. >> that is evolving situation. there is still a lot of headline risk. the other thing i point out, things people are forgetting

about, we heard about qualcomm, the door is closed for chinese buyers to buy u.s. industrial companies, financial companies. we've seen a couple deals blocked. moneygram was blocked. that is really bad for value stocks except for banks. i think a lot of money can pour into banks in the value buck kit. they're not natural targets. the rest of the group lose as takeover premium -- neil: charles, you talked about the fundamentals are fairly sound. >> right. neil: we've got interest rates oddly enough are going down as people seek out a flight to quality. i think 10-year note when last i checked was yielding 2.76%. that is down from 2.9% last week or so at this time. what is going on there? does that change your view of things? >> if we weren't talking about the headlines we might talk about the gdp number because you mentioned retail. there is an interesting thing going on there. some. retail stocks are some. hottest stocks in the world right now.

i'm talking brick-and-mortar names. neil: spending component revised higher even though the overall number was about the same, 2.9%? >> it came in better than expected. 2.9% is impressive. getting back to 3% number, trade if we had better trade deals we would have had a 3% gdp growth in the last quarter. 2.9% is nothing to sneer at. we see strong consumer out there. it is no longer soft data but hard data. forget about surveys and look at the hard data and momentum. it is really, really good right now. president trump, he does, rides the edges of this stuff but that is the game he has bottom to play. that is a game he can't blink. as someone who cut deals with really powerful people across

the table he who blinks first loses. he is hanging on for dear life. neil: he is a genius in your eyes? >> he knows how to do certain things very well. neil: okay. >> execution in terms of washington, d.c., obviously he has some problems there. the twitter stuff obviously a prop, executing these deals with very powerful people across the table from him he is the best guy we've got. neil: what do you think? >> i'm no big trump supporter but i think he is doing some. right things. i hated trade rhetoric, i hated protectionism. i'm free markets guy. but i see where he is going. he is backing up the wee see what he does with south career and china. one thing about bond yields everyone said the 10-year will go through 3%. those people have gotten real quiet that adds up to a lot of pain, the amazon move adds up to a lot of pain. who is in pain. what will they do about it. that is what we're seeing. neil: meanwhile you're

dollar-cost averaging. >> we have confident consumer now but individual investors are getting more skiddish. they don't like the trade deals. that has been played out in several surveys. they're not happy about some of this tariff stuff they're hearing. neil: no we're not. it could all work out. maybe there is some great strategy that i'm missing here. >> that and a little bit of luck doesn't hurt. neil: i hear you. i built a career on it. [laughter]. we have all these pressures mounting for facebook. the company is coming up with a new privacy fix. the thing i saw, it is down to about a page explaining to its procedures and how it goes across things. it used to be spread across various platforms more than 20 pages. it is simpler but does that make it better? maybe not. after this. ♪

today we're out here with some big news. jardiance is the only type 2 diabetes pill proven to both significantly reduce the chance of dying from a cardiovascular event in adults who have type 2 diabetes and heart disease... ...and lower your a1c. wow. jardiance can cause serious side effects including dehydration. this may cause you to feel dizzy, faint, or lightheaded, or weak upon standing. ketoacidosis is a serious side effect that may be fatal. symptoms include nausea, vomiting, stomach pain, tiredness, and trouble breathing. stop taking jardiance and call your doctor right away if you have symptoms of ketoacidosis or an allergic reaction. symptoms of an allergic reaction include rash, swelling, and difficulty breathing or swallowing. do not take jardiance if you are on dialysis or have severe kidney problems. other side effects are sudden kidney problems, genital yeast infections, increased bad cholesterol, and urinary tract infections, which may be serious. taking jardiance with a sulfonylurea or insulin

may cause low blood sugar. tell your doctor about all the medicines you take and if you have any medical conditions. what do you think? i think it's time to think about jardiance. ask your doctor about jardiance. and get to the heart of what matters. retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver.

♪ neil: all right, welcome back, everybody. the dow up at session highs up 165 points for now. i always stress for now because we try not to get stressed in these particular movements up or down. seems to be technology and what kind of day it can have today. if some issues are scoring a comeback or well off their lows as appears to be the case right now, even though amazon is its own separate soap opera here the

market will improve. if not the market will go back down. a lot has to do with the pry veiling wisdom what ails netflix, amazon, and all those top names, the names leading this market higher, anything that shows that they might have been overdone on the selling is taking its tonic and people bounce in and buy at crucial levels or some inflection points if you will, whatever. i don't always buy that kind of thing. i think it is too rapid conditions. something is going on. we're up 205 points. it could be the fact interest rates unwinding from session lows. we got back down to 2 and 3/4% on the 10-year, that is backing up and still know where near the 3% it was at three weeks ago in the middle of that marketdown draft. very, very different environment today but that environment as i say can change and we can see volatility. for example these 1% swings you hear so much, a key definition of volatility how much you go up

or down, we have already had double the number of 1% swings in this market this year than we had all of last year. all right. to cybersecurity expert alex hammer stone, what facebook is trying to assure users to protect its data or their data and a lot of this has been done by way of telling them in one page what they used to tell them in more than 20 pages. bottom line, what do you think they're up to, alex? what are they proposing? >> looks like they're making it easier for users to understand what types of data they have authorized facebook to have and how to use it as well. a little bit more control, a little more granularity how to share the data to see what is being shared. neil: all right. now, if they spell out what they're going to do on this, how can i believe or trust them? i have heard similar reports from other companies that vowed never to see, you know, credit data released or getting into the wrong hands and yet it happens a lot.

so all the as shunses in the world will not make me trust the company again or will they? >> absolutely. that is a challenge we see every day. even organizations working hard to keep their data secure can lose control of that data. one thing i think is important, when you're seening up for these services you sign the agreements, we don't necessarily read them but check the box that we agree. if you look at those, the types of data out there that is being shared it is really a copious amount. once your data goes out there whether health date to or personal data you're relying on someone else to protect the data and you have very little control over what they do with it. neil: if facebook tells me now we'll police this bert, presumably they were policing it better before word got out of this 50 million plus users who were seeing their information compromised and in political hands. so how can they guaranty that? can they guarranty that?

all the promises in the world isn't going to change that. if questions i'm asking are same ones congressman will ask mark zuckerberg, right? >> it would seem sew and i think one of things there is more visibility to the public. not to be cynical at all but there might be a lot more calls in changes how this data is used. it is tough to get the assurances. it is tough to know where the data goes. in this case with the issue that happened, it appears the data was acquired through facebook's rules and was really shared with other parties. that is difficult to control. once you share your data legitimately as an organization, making sure whoever you share that data with in the contract could be a very large challenge. neil: alex, you're a technical expert at that i get the feeling this is not over for facebook, justified or not. there are a lot of other things that are probably going to come to light and this is going to be like a full, you know, cash

cavity search here and i don't know if it end quickly? >> it seems like there is a lot more attention than we might see with some of these issues. last issues like this have been in the news and gone away. facebook is so much a part of people's life, so much information that reaches into everyone's lives, is so much different. the type of information they have is different type of thing. it is so personal. not like your banking date, which you don't want to lose but different than a lot of data facebook might have. neil: thank you, my friend. alex hammerstone. a fellow with the seat on this louisiana senator john kennedy. he sent a letter to facebook about company's relationship, for example, russian companies. many have a big chunk of facebook. good to have you. senator, if you could talk to mark zuckerberg tomorrow what would you ask? >> well, facebook is, fast bike is a wonderful american company but it is no longer a company.

it is a country. it's motto always has been move fast and break things. well it has broken some things and we need to talk about it. i would like, for example, to be able to ask mr. zuckerberg is it a fair bargain for me to give up all of my personal data to facebook, and apparently everybody else in the milky way in exchange for me being able to see what some of my high school buddies had for dinner? i want to know why we had the data breach. i want to know what facebook will do so we don't have data preaches again? i would like to know if facebook audited any of the software developers who had our data to see if they were doing what they said they would do? i want to know why it isn't simpler and easier to understand facebook's service agreement? i would like to know why it is

so hard to opt out of giving our data to facebook? neil: sounds to me, senator, sounds like a lot of things company is outlining today, albeit tentative move to assure users that it wants to get ahead of the problem, to say you are on top of it won't be enough? do you think that regulation is needed even as mr. zuckerberg seemed to intimate, to assure whatever promises they're making now? >> i don't know, neil. at least i'm in the fact-gathering stage this. is big than cambridge analytica. this is bigger than just privacy. for example a few years ago the kremlin, according to "the new york times," owned about 8% of facebook's stock. what was that all about? does facebook really know who all of its advertisers are? how are they going to stop foreign agents running ads to influence our elections?

neil: there is already been a move by the way to limit the amount of foreign players who can invest in a stock or cap it at a certain level that would be a new form of regulation heretofore unseen in this second tore. do you approve of that? would you be open to that? >> yes, i would be open to it. i want to learn more. we have to be careful. i don't want to regulate facebook to death, i really don't, but i do have to understand better an hope that facebook understands better what kind of problems we have. neil: but, senator, does that mean this is more than just a facebook problem because what you do to them, he might argue we all kind of share data same way? even though he promised on on a stack of i don't know computer code books he was not sharing information with third parties turns out it was unbeknownst to him or he lied.

before we had advertisers and dependent and became the big players they became, would you say we have to have a blanket rule for this? >> i think it is bigger than facebook, yeah. i think the other social media companies are going to have to come down, have a prayer session with us as well. neil: do you think any of this stuff, senator, influenced the election? >> no. and i will tell you why i say that nobody knows what influences elections. people have a multitude of reasons for voting as they do. i don't care what the political consultants say who come forward after winning say, i did it. i did it. i won it. nobody knows. and it's it is folly to go down the rabbit trail. neil: do you use facebook or any social sites? >> i do use facebook. neil: do you have a problem using isn't. >> i'm starting to ask more question. i don't use it myself. i have a staff that does it for

me. the facebook is, well, let me put it another way, perhaps less charitable. for the past 10 years facebook and the other social media companies have been the fair-haird child or children around here under the obama administration. they could do pretty much do what they wanted. the at few was, trust us. they're smart and they're bright and they're innovative and we can trust them. well, you know i trust my friends when i play poker but i always cut the cards and we need to have a sit-down with facebook and twitter and google and let's talk about this privacy issue and the fake news issue and it do they really know who their advertisers are? neil: senator, that is well-put. i like the way you frame that. senator john kennedy beautiful state of louisiana. thank you. >> thanks, neil. neil: look what is going on here. why i don't try to capture a moment for the stock market say that is the moment that will stick. it is like a snapshot. once snapped it is shot.

dow up 137 points. my buddy gary kaltbaum spent many years coughing these markets puts perspective on this. it's a battle of big picture stuff going on in case of the market trying to hold ton to in case of s&p 500200 day moving average. the drill goes something like this. you get below that average or close to it, katy-bar-the-door. right now we're above that average ever so bearly. we'll have more after this. ♪

see that's funny, i thought you traded options. i'm not really a wall street guy. what's the hesitation? eh, it just feels too complicated, you know? well sure, at first, but jj can help you with that. jj, will you break it down for this gentleman? hey, ian. you know, at td ameritrade, we can walk you through your options trades step by step until you're comfortable. i could be up for that. that's taking options trading from wall st. to main st.

hey guys, wanna play some pool? eh, i'm not really a pool guy. what's the hesitation? it's just complicated. step-by-step options trading support from td ameritrade neil: all right. well the president is saying right now he is getting better feelings about prospects of striking a agreement, or having a productive chat with kim jong-un of north korea after he met with xi xinping of china. i believe it was the first time the north korean leader was outside the country certainly since coming to power in 2011. what do we make of this? where is it all going?

we have hudson institute fellow, rebecca heinrich. rebecca, do you think these tariffs in a weird way, maybe not a weird way, paveed the way for this, for china to try to get north korea involved, be talking, looking to be doing something, this was much more than an economic play and the president kind of forced the issue on them and so far, so far, to potentially good results? >> you know, neil, that's possible. the way i look at this though is, you know, north korea and china are still allies. china is the patron of north korea and the fact that kim jong-un decided that this was a time for him to go over to china and get that photo-op shaking the hand of xi xinping and making sure that the alliance is close again because it hasn't been going so well since he started popping of missiles and testing nukes, what that does is really strengthen his hand going into the talks

with president trump and should remove any doubt if the united states decided to use preemptive force against north korea, that there is almost 100% chance that you will draw china into that and it will be the united states versus china and war over north korea. that is something that nobody wants. so i'm still very worried, so i'm in the category being very pessimistic how this negotiation will turn out. i don't blame president trump for being optimistic and appearing optimistic, if you're going to negotiate you have to look like you will give it a good-faith effort and that is certainly what he is doing. neil: first i was trying to find a way to sit down and talk to each other. that would prove to be china. steve bannon created some stir, think last week, this was sort of the drama beneath the surface here even before we knew this meeting and that the tariffs were a way to extract the chinese to do more. what do you think of that notion

that the president is working a multifront here? >> it sounds very much like president trump. i was wrong about president trump pursuing, renegotiating this trade deal with south korea in the midst of that. i was worried that might create splintering the alliance at the a time we need to be closer. instead he was able to extract a good deal for the united states. obviously the dynamic is different with china. but he is very good at really getting a lot of leverage for the united states and certainly putting pressure on china a variety of ways. puts china the position where it has to do something to help us. again it makes me a little bit concerned whenever you see what appear to be comradery between the two leaders. neil: you know what i was thinking, and you're too smart for this, i thought the chinese would kill the guy and he disappeared and problem solved. would it have been problem solved if he was taken out?

>> if he went over there for a meeting and disappeared nobody knew what happened to him? went on a long walk and never came back. that has always been my preferred option for the chinese to desire peace on the korean peninsula. ernestly and not to fear the united states being in the region and for china to just understand it is in everybody's interests to take care of the problem and end the kim regime that way. that is best-case scenario. unfortunately this is the real world. power politics and china not appears to believe it is in its interest. neil: ludlum made a lot of good novels out of them. we'll see. thank you, very much, rebecca heinrichs. does the president have it out for jeff bezos and is the "washington post" sort of the problem here? and is that why it appears that the white house is ready to target amazon? it seems a little fantastical, if you will. but i don't know.

♪ - this is bad,

especially if you need to get to a bathroom a lot. used to be me, before urinozinc with the ingredients in the special formula that can help you with your problem day and night, and supports a healthy, normal prostate. urinozinc, the number one prostate health brand.

neil: up about 146 on the dow. amazon not so lucky. down 54 points. concern the administration is kick around the idea of regulatory oversight. at the same time mark zuckerberg of facebook fame will be sort of preaching to the not so friendly choir, some congressman looking to do the same to his company. we have tech analyst shanna gle glenze-r. begin with you. if you're jeff bezos and notlyally aligned with this president and has a problem with your premier media holding, that is "washington post," is he in for a bruising here? what do you think? >> it is an interesting political climate for sure. neil: there is that. i'm wondering now, though what happens from here?

your viewpoint. >> i think it will be interesting to watch for sure. do i think there will be anything dramatic here that happens? no, not so much. amazon is huge powerhouse of its own accord. while politics and business may not play together, i don't think we'll see anything dramatic happen here in the next four or five years. neil: shanna, you could look at it many in the administration, first time i talked to the treasury secretary he was bringing up the tax treatment amazon has which might dodge taxes in localities that want to issue those taxes or feel the company allows third party entities and sellers to avoid paying taxes. what do you make of that? >> you know, listen amazon, we've seen some changes even in the past few years with how amazon is issuing taxes. i pay taxes in washington, d.c., for items purchased on amazon which i didn't before. users that are amazon loyalists

understand the tax implications. they continue to evolve. i don't think it will hurt the company's innovation plans in the broad climate that we face in washington, d.c. neil: the broader climate says we would like to talk to you. the official washington, whether the ftc wanting to investigate facebook's books or those in congress who want to talk to ceos of everyone from you know, facebook to twitter. what's going on here? does it make you wonder about where this whole sector is going? >> yeah, you know, really interesting, that we're sort of walking this fine line, right? between how we allow companies to stay innovative and compete globally. facebook doesn't compete with twitter. amazon doesn't compete with other e-commerce here. we're really competing globally. we have to look at what does that mean? how do we help enable american companies to do the best we can. on the flip side how do we

protect the american consumer. what do we need to have, what do we ask of companies like facebook, like linked in, like amazon. how are you protecting data and information entrusted to you. neil: do you think this sector selloff, shanna, is overdone? >> the selloff right now? i think it is opportunity for folks to buy. security and privacy provide opportunity for innovation. there will be a winner in innovation around security and privacy. so yes the companies may have gotten ahead of themselves especially in the social media space, ahead of the government but there are opportunities here to see this and to plan and innovate for the future and win the security and privacy, win being pa the trust of the american people people in the process. neil: thank you very much. those wringing your hands what is going with amazon here, witnesses 60-dollar falloff, what do you think it was

fetching year ago at this time. $835. perspective is everything. we'll have more after this. ♪ (daniel jacob) for every hour that you're idling in your car, you're sending about half a gallon of gasoline up in the air. that amounts to about 10 pounds of carbon dioxide every week

(malo hutson) growth is good, but when it starts impacting our quality of air and quality of life, that's a problem. so forward-thinking cities like sacramento are investing in streets that are smarter and greener. the solution was right under our feet. asphalt. to be more precise, intelligent asphalt. by embedding sensors into the pavement, as well as installing cameras on traffic lights, we will be able to analyze the flow of traffic. then that data runs across our network, and we use it to optimize the timing of lights, so that travel times are shorter. who knew asphalt could help save the environment? ♪ retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed

across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. if you're approaching 65, now's the time to get your ducks in a row. to learn about medicare, and the options you have. you see, medicare doesn't cover everything - only about 80% of your part b medical expenses. the rest is up to you. so if 65 is around the corner, think about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, they help cover some of what medicare doesn't pay. and could save you in out-of-pocket medical costs. so don't wait. call to request your free decision guide. and gather the information now to help you choose a plan later. these types of plans let you pick any doctor or hospital that takes medicare patients. and there's a range of plans to choose from,

depending on you needs and your budget. so if you're turning 65 soon, call now and get started. because the time to think about tomorrow...is today. go long. neil: a big auto show going on right now, but i don't know if big autos are the draw.

right now suvs, the big gas guzzling vehicles, not all of them, seem to be a draw. that could be a fundamental reflection of the economy doing nicely if people willy-nilly pluck down big bucks for the vehicles. that says something about the economy. jeff flock in middle of it all. hey, jeff. reporter: go you one better than an suv. how about a pickup truck from the likes of vw? this is a concept truck. they call it the atlas. its off the atlas platform for their big suv they just unveiled. we are talking about the not only suvs and concept cars and unveils but about the impacts of tariffs. to a man, they're all men, exempt for mary barra, who is not here, ceo's particularly opposed to this, the german automakers who could be hurt most if you get a trade war going. listen to what the folks from

audi and vw told us earlier today. >> we believe free trade, free and fair trade is the way forward. with protectionism, there will be winners. >> domestic prices will go up as well. they're already moving up. so i think we'll all be paying more for steel. if you look at the industry, raw number, $200 a car probably. about $3.4 billion. so that is $3.4 billion that suppliers will pass on to us and we will attempt to pass on to our customers. reporter: prices will go up? >> they have to. reporter: you heard it. maybe they cost a little more. $200 a vehicle, maybe if saving jobs, maybe that is not such a bad thing, neil. it is interesting, germans, vw trying to get back in the market building a car that americans would like. do americans want a german pickup truck? i don't know. good question, neil. neil: seems like a oxymoron, a german pickup truck.

but the demand is there obviously for a lot of these. seems like all the major makers are redoing their entire lineup here, particularly when it comes to suvs. but they feel now that, you know, however expensive it is, for them to do, and steel costs and everything, it seems to be well worth it. reporter: well these cars cost a lot of money. this is the other one by the way, the atlas concept. a smaller than the suv than this big one they introduced. they make money on these cars. they cost more money than your typical car. maybe it becomes worth it. i don't know, at some point we get to a tipping point where we have too much competition out there. i don't know where that is, but, you know, that could happen. neil: it could happen. but that is a fear. thank you, my friend. very good seeing you in our part of the town. reporter: thank you. neil: apple looking at whole bun of problems, not least of which,

ongoing litigation over the speed of older iphones, combining a lot of lawsuits into one big ol' class action one. you know how this usually goes. what we could be looking at here. emily, the way these things go, when people combine the all the particular lawsuits, it is deception of the company not to share the information, that it was deliberately, or that is the allegation, slowing the phone down, so it would koppel people to buy newer phones. it denise that is the case but where is this going? >> exactly. now there are three large takeaways here. number one is the sheer volume of these lawsuits, neil. there are 59. apple faces similar class action lawsuits in six different additional countries. second opportunity for transparency and visibility into the corporate practice up until now has been opaque. we haven't learned how they operate with that batter battery

in the market. this is tip of the iceberg. apple faces concurrent doj and ftc investigations over these. rather than insuring people upgrade iphones and bought these new once. so it remains to be seen but they are clearly getting dinged in multiple arenas. neil: while i have you here, i don't know your thoughts on this, facebook separately the share prices tumbled 20% down into bear market territory for an issue that was on fire, not so much now, they are close to it, now if you're a community that had a lot of facebook shares in your portfolio, whether for your pension plan or whatever, you're getting antsy. you're thinking that the company was hiding something from you. the next step to sue that company. where is that one going? >> absolutely. lawsuits have been filed and it goes to show that investor confidence has been drastically

reduced. that is why it is so imperative moving forward, whoever the face is, obviously mark zuckerberg for facebook, apple moving forward, assures and maintains that public confidence. the more we hear about their practices the more it behooves them to reassure us to maintain that confidence. fraudulent concealment lawsuits are generally different cut to prove because courts desirerequire materiel and active misleading on part of the corporation. they want to preserve the autonomy otherwise. even if the lawsuits are not successful on the part of these plaintiffs, again it behooves these companies to keep our faith in them if they want to retain any profit including in our investor shares. neil: interesting that suits are to the filed generally in mass over a loss, not if the stock is it running up, rye? >> exactly. there would be no damages. we've seen it recently as well, we saw mt. trump caller to

investor to sue in certain stocks that declined, we really need to know that the legality of suing has to deal with, it is malicious and material and purposeful misinformation. so stocks rise and fall and that is the gamble of the stocks, right? but if there is investors on the part of the consumers and on the part of the corporation, if there was material fraud or misinformation, that's when there is a cause of action. so look for that in future as well. neil: all right. always food stuff, emily, thank you very, very much. >> thank you, neil. neil: you know the administration seems to be on a roll right now exacting concessions from south korea. they're fairly substantial. and on china rumor is they're going to be fairly substantial. we'll explain after this. ♪ what are you supposed to do? drive three-quarters of a car? .

smart. with liberty mutual new car replacement™, we'll replace the full value of your car. liberty stands with you™. liberty mutual insurance.

he gets the best deal on the perfect hotel by using. tripadvisor! that's because tripadvisor lets you start your trip on the right foot... by comparing prices from over 200 booking sites to find the right hotel for you at the lowest price. saving you up to 30%! you'll be bathing in savings! tripadvisor. check the latest reviews and lowest prices. sometimes, they just drop in. obvious. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets

and drive forward with broader possibilities. cme group - how the world advances. ♪

. neil: all right. we're up about 60 points. if you were to clock it when we were up to over 200 points and closed there, you would be very, very happy, thinking we overcame our problems here. how many times must i remind you, regular homework assignment is not to take stock of anything until stock trading is closed. now, you refuse to do that and i'm getting angry at you, because you are assigning all sorts of things. >> down. neil: down. that's the story. we're going to devote the entire two hours to up, down, down again, up because you can't really get fixated in the moment. but we're down right now after

being up more than 200 points. go figure. amazon shares are tanking. technology right now. a lot of this on this view that the president is targeting the online retailer, maybe problems with jeff bezos and owning the "washington post," not a big fan editorially of this president. you can get really inside the beltway paranoid crazy here. why should i do that when charlie gasparino will do that for me coming up. >> i'm dealing with a lot of paranoia. neil: joe borelli, and fox business' deirdre bolton and last but not least my good old buddy, charlie gasparino. charlie, the amazon thing first. >> story in axios that said trump hates amazon, thinks bezos controls the "washington post"'s editorial direction that attacks him constantly. wants to break them up. neil: he has and his people say

amazon gets favorable treatment. >> they do get favorable treatment. neil: explain that. >> if you own the stock, do you sell it now thinking they're going to come under a lot of pressure. i'm going throw a couple things out there. reporters are often, i'm not saying this is what happened with axios, but reporters are manipulated by people who are long or short a stock. that's why people call you, right? here's some confluences that make me wonder if this isn't planned by a short seller. number one is all the comments in the axios story, it's a thin story, three lines across, basically known, trump is talking about this for a long time. why now? at least expressing his hatred for bezos and amazon and "washington post." so why now? that's number one. number two, if you saw yesterday's new york post, there was an ad attacking bezos saying hey, mr. trump. it was essentially addressed to president trump. do you know that jeff bezos who constantly attacks you, i'm

paraphrasing, getting $10 billion bid for defense contracting deal, to use that money to attack you further. do you want him to keep doing that? neil: where was the ad? >> in the "new york post." and people are pitching this story that there are shorts on this, that people are taking short positions on this. my guess is that why is this coming out now is it doesn't take a complete conspiracy theorist to say could this be a plant by someone who's short. now i don't know that to be a fact. jonathan swan who wrote the story for axios is a good reporter. reporters talk the longs and shorts all the time. by the way, here's the thing, would it surprise that you donald trump was going after bezos because of the "washington post" coverage when he's clearly going after time warner, at&t deal because of cnn. it's just not that much far of a reach. >> there has been people on our air, nyu professor scott

galloway making a case where big tech should be broken. he's coming tat from a very academic angle and sounds preposterous when you hear it. when you hear the stumbles that facebook had with data and privacy, cynically, i think the -- neil: what is he basing it on? the fact that every industry that amazon steps into it kills an industry? >> yeah, hurting nextgen much as microsoft hurt today. >> let's say axios was a bigtime donald trump supporter. would donald trump care about the antitrust or the implications of tax treatment and everything else? i just doubt it. you know what i'm saying? i think everything trump when it comes to the businesses, listen, he makes valid arguments making up at&t, time warner, when you listen to the testimony, which i have been, it's a stretch to basically think of all this bad stuff

coming. >> i tell you what is going to make this go away, amazon's second headquarters is going to go right near washington, d.c. all the congress people's kids can work at amazon and the antitrust and monopolistic charges are gone. neil: you are so dedicated. joe, want to get you onto this. is it your sense that the friendly laissez-faire days for technology are over? now whether donald trump plays the role in that, clearly, the washington fires are lit here, to target, to go after their pricing mechanisms, how they go about taking care of or the privacy their users, et cetera, this is spread way beyond facebook and amazon, look at netflix, they're looking at other industry darlings that might now be reined in. >> the cambridge analytica scandal blew up. and something that had been so long for so many companies

suddenly coming to the forefront. i agree with charlie, and we talked about this earlier. the only people who planted stories more than financial reporters are political reporters, and i think it might be something to say about what you had to say. if explain planted a story, trump going crazy on a company, you have a number of reporters, including jonathan swan who are willing to put a story out. >> i like jonathan, full disclosure, short sell stock to me, and i help write stories in position, just the way the facts lay out and trump is ready to pull the trigger on amazon bigtime. we should point out, my only hesitation for a guy or gal that owns the stock is there are weird confluence of events here. there's maybe other reasons to sell your amazon shares, take your profits, because tech is now coming under a lot of pressure. we know the short selling thing -- neil: even with all the fallout today, you are still up more than 600 bucks in amazon shares

than a year ago at this time. having said that, if you look at it, facebook under pressure, apple under pressure and people are calling into question iphone sales, whether there is a demand deterioration, whether netflix, there's a feeling it will come up and fall in sympathy. we mention amazon, we mention tesla, moody's downgrading its credit rating, and deirdre, growing concerns as that stock lost 50% of value in two days that the government is going to start looking at that crash a couple of weeks back in california, but in other words, the government sniffing around way beyond president trump. this is just now an odd confluence of developments. >> i do think the government is beginning to look at all of these tech companies and the specific cases you referenced can very good reason. facebook being one and google and twitter invited, heavy emphasis on the word, to testify on the same day with mark zuckerberg in front of the congressional committees.

uber, of course, the company -- neil: i forgot them. >> saying we're not going to test this driverless technology on public roads anymore because there was a pedestrian killed in arizona. i think there are lots of reasons for government to be looking into some of these tech companies which have gotten so big and powerful. neil: start the regulating route. all i know from experience when they call the energy guys up or the banking guys, intentions are good. what happens is they go too far. and that's the nature of the beast. pendulum swings too far either toward no oversight or restrictions to pound the hell out of them. >> that's what i was going to say. it's evident on all fronts that the pendulum is starting to swing back against tech. like somebody getting hit by a driverless car, there might be good reason for the government regulate what's happening. but you don't want to go too far where you stifle some of the more innovative people out there and actually have a

deleterious effect on the market. >> you got look at each one of the companies separately. facebook -- twitter went down across yesterday because there was talk about preventing them from reselling data. they make 15% of profits by reselling customer data. we should point out that facebook, as badda the cambridge analytica thing sound, they don't resell customer data. they package it, they craft it and they tell advertisers, here's how you can reach the target audiences. the stuff going on in congress right now probably, and this is what you talked to sophisticated investors on wall street, probably, if they go, the furthest they may go is on the reselling of data. facebook doesn't do that, if they don't hit it, then you have to say to yourself, what's going to happen to bottom line or business model. not much. >> i don't know, charlie. what if they have to hire legal and compliance teams, that

costs money. >> jpmorgan did all that after the financial crisis, and still have record profits. i'm telling you they have scale, not small companies. they have scale. my other point is. this look at the selling of facebook right now. it's retachl the big investors haven't thrown in the towel. the retail usually is the last one in and the first one out and usually wrong. >> targeted based on data. these are companies that there is no fee for the user to use, and the only ability to generate revenue is harvesting the data and giving the sources that it would be valuable. >> parallel access. >> do the outright selling of data. they massage it, they say here's where our viewers are. >> allow access. >> and allow access for advertising. different from twitter. twitter does, from what i understand, a significant amount of money, 15 to 20% of profits on the direct sale. neil: the advertisers, they

used to cling to that and potential market valuations before going public. this is how we really make money. this is how we advertise what we do. >> for the average investors to be blowing out of stocks. something is going on. >> talking about regulation, remember in 1999 when microsoft was declared a monopoly. it took that company a decade to get back on its feet it. couldn't hire who it wanted. >> declared a monopoly. >> right, further than we are now. neil: a lot of the guys when they get to washington at various different times, they're going to be queried by people representing a government that has been intrusive picking up intelligence and information, targeting conservatives at the irs. you could make a valid point to say nothing of what's been going on with the fbi, say ye are hardly the one to judge here. >> the deep state is investigating the deep state. neil: bingo, that makes a lot more sense. >> i brought it up to my hill source the other day.

a republican, i said don't the republicans really want to go after these guys? isn't the other deep state? i made the point that -- >> banning twitter. >> i said that. he said it's different. this is a conservative. why is it different? what makes the deep state so scary, this is what he's saying is the fbi and the cia get a fisa warrant and tap into your phone. get on your computer stuff. these guys you have to want to be on facebook. >> you have to sign up. neil: real quickly, guys. joe, i want to address this with you, there is a narrowing in the gap in the latest polls showing how people feel talk generally about a republican or democratic congress, where democrats once had the edge by a 10 point gap. got it to 13, now single digits. this changes all the time. what do you think is driving that? >> a good march for republicans, the rcp gap narrows with the president's approval rating and the generic

ballot in congress. neil: that's despite stormy daniels, despite the "playboy" playmate. >> none of that matters. a generation now with north korea. neil: it doesn't surprise you that all of this -- many in the media are pushing, fair came to go after all of this, not bias one or the other, but so far not sticking to the president. so far. >> last week it was the opposite. >> i understand. >> last week was double digits. neil: but we're looking at rcp average here. and from your vantage, how this could all go down by the midterms. >> take an individual poll like marist, it shows that the republicans are doing better right now on the generic ballot than obama was in the 2014 midterms in august. and that year, the democrats only lost about 13 seats. if the republicans only lose 13 seats, they're still in control. and based on the targets that

people have put on the backs of republicans right now, if that's the end result, that's a very good day. >> that's today. these polls -- neil: you think this trade stuff, the unusual way it's gone about is what's going to help him? >> the problem with game planning this thing, trump could go nuclear on something else that makes people say, well, this guy is crazy, throw the bumps out. neil: but he is a prize right now. there does seem to be a method here. appearing. >> i'm surprised the republicans are in bad shape as they are, given the state of the economy. i'm surprised by that. >> he did a good job. the president did a good job with that. he has a one-on-one agreement. the question going forward is are, countries going to put up with the bravado show, basically how the president and the administration -- neil: china is on watch. if you get them to buy more semiconductors, something to narrow the gap. >> even the european countries and sometimes we say ha, ha, harks if you are going to put a

gun to oured hads, maybe we don't engage on all topics like we normally do. neil: yeah, but we're giving him a state dinner. there's no state dinner, then. >> he likes the food in the white house? great french restaurant in gay paris. neil: i love french food. >> i love it. >> i go to one place in washington, cafe milano. you want to see charlie, that's where he is. neil: you ever try the ihop? we got a lot more coming up, including this crazy dow and the volatility here. we mentioned this, it bears repeating. people say what do you mean when you talk volatility? it's the swings that you have a percent or more, and one of the things remarkable about this still relatively young year, still barely through the quarter, right, we have had more 1% swings up or down than we had last year, by a factor

of 2-1. twice as many of these swings and we still have three quarters to go. see, i do the math for you. after this. nah. not gonna happen.

that's it. i'm calling kohler about their walk-in bath. my name is ken. how may i help you? hi, i'm calling about kohler's walk-in bath. excellent! happy to help. huh? hold one moment please... [ finger snaps ] hmm. the kohler walk-in bath features an extra-wide opening and a low step-in at three inches, which is 25 to 60% lower than some leading competitors.

the bath fills and drains quickly, while the heated seat soothes your back, neck and shoulders. kohler is an expert in bathing, so you can count on a deep soaking experience. are you seeing this? the kohler walk-in bath comes with fully adjustable hydrotherapy jets and our exclusive bubblemassage. everything is installed in as little as a day by a kohler-certified installer. and it's made by kohler- america's leading plumbing brand. we need this bath. yes. yes you do. a kohler walk-in bath provides independence with peace of mind. call to save $500 off bath walls with your walk-in bath, or visit kohlerwalkinbath.com for more info. if you're approaching 65, now's the time to get your ducks in a row. to learn about medicare, and the options you have. you see, medicare doesn't cover everything - only about 80% of your part b medical expenses.

the rest is up to you. so if 65 is around the corner, think about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, they help cover some of what medicare doesn't pay. and could save you in out-of-pocket medical costs. so don't wait. call to request your free decision guide. and gather the information now to help you choose a plan later. these types of plans let you pick any doctor or hospital that takes medicare patients. and there's a range of plans to choose from, depending on you needs and your budget. so if you're turning 65 soon, call now and get started. because the time to think about tomorrow...is today. go long. . neil: all right, for netflix,

netflix make the announcement a short while ago say that the former nsa top chieftain is going to be there, says joining the 11 other members there. this, as the company is, of course part of a broad technology sell-off here, but reed hastings, the netflix chief executive saying we are delighted to welcome ambassador rice to the board. global issues with intelligence, integrity and insight and look forward to benefitting from her experience and wisdom. all right. there you go. meanwhile, facebook on the other side of the ledger in technology land is looking at a privacy fix that it hopes will get it out of this fix right now with sellers and customers and a lot of politicians breathing down its neck. whether this will be the charm.

joe, to me, the issue is the simpler policy to read and stick to, not as long and cover as many pages, down to a single page but a broad set of promises here. i'm sure washington is going to demand more. what do you think? >> there's no question. i think d.c. has been way too throw is react to the power of data. i was just in india last week with a very large company that's rolled out, we're the largest oil company in india and data is the new oil. i look how regulated we are in the financial services industry from disclosures to background checks, and data and our information is just as valuable, and yet, i don't think we have the regulations and oversight that need to be in place to protect consumers. as always the case with d.c., they'll overreact, overreach and then cost correct.

but it will be undoubt wouldly applied to everybody, it's kind of like a tax. i don't think that's why facebook has been going down. neil: i wondered too, with the facebook drop-off and people looking at what's happening with the stock even though it's trying to find stabilization around the mid 150s, whatever, it has done nothing criminal here. it has done nothing deceitful and duplicitous. clumsy, dumb errors is how it's described but nothing that leads to wholesale change in management or god forbid indictment. that is the read you get. mainly talking it's a long stock, that's the read i get. what about you? >> i agree. again, we don't have rules that are clear enough for anyone to be clear. here's what's happening with facebook. it's basically making the transition which apple did when nobody had smartphones and everyone had cell phones.

what you see with facebook is the data in the fourth quarter shows it's going from exponential growth company, where there are constantly new users spending more and more time. we're seeing compression and the amount of times people are spending on, so it's gone from the go-go growth company to one that is not as exciting, kind of like the transition that apple made. a different investor, valuation metric, because you're going from a very high-growth, create spreadsheets to the moon, to one that is more rational. it's not as exciting, so it's leaving tesla land and going much closer to apple land. so again, it's a delicate balance because the shift of investors is changing and has impact on valuations ultimately. neil: tesla down 16% over the last couple of days, began with

this concern of an accident, and now having credit rating dinged a little bit. do you think this weird connection with all of this or sort of a sell technology en masse and sort out the details later? >> yes, because you think about how much is in etfs. the way i like to say to everyone, high valuations mean high volatility, and sometimes people are pushed out the risk curve, looking for returns, going for the most exciting things and forget about risk, and unfortunately when you have high valuations, the corrections happen across the board indiscriminately. so you will see it in tesla, eventually in netflix. eventually in other companies that are more speculative with not a clear view towards earnings. netflix, high volatility. tesla, you have to see what you are paying for the stock when. people bring in risk, they bring it in universally across the board.

>> i like the way you frame that. joe duran, united capital ceo. very good seeing you. all right, meanwhile, the wall. the president says the wall is going to be at the border, but he's come up with an idea how to pay for it. the mexicans eventually but first our military now? senator tim scott on that, after this. just one free hearing test at

his local miracle ear helped andrew hear more of the joy in her voice. just one hearing test is all it took for him to hear more of her laugh... and less of the background noise around him. for helen, just one visit to her local miracle-ear is all it took to learn how she can share more moments with her daughter. just one free hearing test could help you hear more... laughter... music... life. call now! for a limited time, you can get $500 off miracle-ear hearing aids! but i'm not standing still... and with godaddy, i've made my ideas real. ♪ i made my own way, now it's time to make yours. ♪ everything is working, just like it should ♪ at crowne plaza, we know business travel isn't just business. there's this. a bit of this. why not?

your hotel should make it easy to do all the things you do. which is what we do. crowne plaza. we're all business, mostly. . neil: we are just getting wind of interview that msnbc has just completed with tim cook, the apple ceo. i guess this is going to air on april 6th. asked about privacy regulation. tim cook seemed to be open to the idea. calling for some type of privacy regulation saying and quote here from this msnbc interview, we've never believed that the detailed profiles of people that have incredibly deep personal information that is attached together from several sources should exist.

he is generally averse to regulation, however, quoting here irngs we're beyond that. it is time for a set of people to think about what can be done. so this, of course, on the heels of the facebook drama here where mark zuckerberg was saying regulation should be in order. here you have a big industry player saying he would be open to it as well, whether tim cook was saying that to extend it. companies like his own, it's a little different here. i want to get to republican senator tim scott. i don't want to hit you blindside from this. it comes at a time when a lot of people are asking more of the technology guys specifically in the case of facebook, to tell folks what you're getting on them, what do you think? >> absolutely. i think mark zuckerberg's comments, he conceded the fact that facebook must do better, and when that starts with an institution or if the company

like facebook that has so many pieces of our profile, of who we are, of our very sensitive information, if you take that and transfer it over the entire social media world, there is no question that he's coming before congress, i would imagine that tim cook and others will voluntarily come before congress and help create a road map going forward because what we saw in the last couple weeks, very disturbing information coming to the surface, and the reality of it is, it could be much worse. i'm looking forward to hearing the testimony and being a part of the process to make sure we have guardrails important to the privacy of each and every american citizen. neil: do you think that we are going to be looking at more regulation on that industry? because it comes at a time when this president, by efforts by those like yourself and all that tearing regulations away. that this might be a case where we look at more regulations, at least for that sector? >> well, tim cook's comments

suggest at least at first there is more information provided to the american people about what's actually transacting, what's happening there. so there will be a call for more regulations. there's no doubt for the last year and a half, peeling back unnecessary regulations. the key, neil, is responsible regulatory burden, so as to protect the privacy but to also allow the createst growth engine, which has been the social media and the internet to continue to function at the highest level possible, but at the safest level possible for our information. and we're all concerned about that. that's why i'm looking forward to as opposed to drawing a conclusion, hearing the testimony from the ceo of facebook as well as other media companies. neil: let me ask you a little bit about something the president was kicking around when it came to the wall he wants to build. he was disappointed in the spending package, in sheer size but did complain about the size of the amount of money for building that wall or

continuing to build that 1.6 billion, should have been more. maybe this is something the military should do, the military should fund it. how do you feel about that? >> well, certainly the $1.6 billion is not enough to build much of the wall that he anticipates getting done during his administration, during his time in office. like forward to hearing from secretary mattis and generals in their leadership. but here's one thing we could all rest upon. this is a reality. that our southern border, the walls are not there, they're not sufficient, and they are porous. they are porous borders. means that more people came across our southern border who did not come from mexico, but other parts of the world, through those porous southern borders. so addressing issue as a national security issue makes some sense. should it be done by the d.o.j., the department of defense budget. i know we're looking forward to

announcements in the next couple of weeks as the president has more conversations with his leadership. the bottom line is he's the commander in chief. he's going to have a lot to say about what happens from a prioritization of our military resources. the good news is we're providing the military with $165 billion of additional resources or the next couple of cycles. the bad news is over the previous eight years, we were so far behind that we actually now must make the necessary changes to include increasing the pay of the men and women in uniform. a 2.4% raise. is not enough from my perspective. it's a good start in the right direction, so the funding of the wall, while we have more money than we've had before, we still have more priorities and frankly more bad actors around this. neil: but he might be the commander in chief, to your point, senator. but he would not have the power to decide that that military build this wall. i mean, that would have to be, i would assume, a measure of

the bill he approved in congress, right? >> the first thing i look for is him to continue the conversation with secretary mat and its generals in the military. neil: if he does this on his own, senator, saying build the damn thing and take it out of military fund, that would be a no-no? >> i don't think he can do that, number one. the congressional approval is necessary. neil: real quickly, you've been working on opportunities, investment zones that would get special favorable tax treatment that would continue this economic improvement. now, do you have targets in mind where this would be done, particularly tough areas or how would you describe it? >> thank you for the question. the bottom line is on the opportunity zones, each governor of each state has an opportunity to designate areas within their state with the new

tax credit definition of distressed communities, 52 million americans live in the areas. private sector capital back in the neighborhoods without more government bureaucrats or more government programs. the incentive is designed for states and localities to talk with their private sector community to make good things happen for people who are living on the edge. neil: but how does the government foster making good things happen. private capital doesn't just willy-nilly go into a risk situation like that. >> that's why this is fox business. the truth is you get a deferral of capital gains tax, if you make a long-term investment in one of the distressed communities uget up to 10 year deferral in the capital gains tax. it is now 23.8%. so deferring that is a strong incentive for people to take a second look in distressed communities, but it's still going to be a business decision

that business owners, developers, investors have to make the decision, whether or not the risk is worth it, even with a 23% opportunity to eliminate that part of your tax burden. neil: very interesting. a way to keep the carrot out there, and keep the companies diving in. we'll watch it closely. senator, touhank you very much. good seeing you again. >> thank you, neil. neil: china's leader, north korea's leader, a lot of people saying if only the chinese made the north korean leader disappear. they did not. he apparently is back in north korea, but he is a humbled fella. who humbled him? the chinese president or ours?

running a small business is demanding. and that's why small business owners need more. like internet that's up to the challenge. the gig-speed network from comcast business gives you more. with speeds up to 20 times faster than the average. that means powering more devices, more video conferencing, and more downloads in seconds, not minutes. get fast internet and add phone and tv for only $34.90 more per month. comcast is building america's largest gig-speed network to give small businesses more. call 1-800-501-6000 today.

. neil: all right. the goal is that the

denuclearized korean peninsula, what kim jong-un had to say with north korean friend and beneficiary to say that look, we are all on the same page when it comes to doing the right thing for peace, freedom, for all of that. who extracted those concessions? the chinese leader or the american leader. to the daily caller editorial director, vince. whatever, it sets the stage for the two leaders that is kim jong-un of north korea and our president to meet, i would assume it's increasingly looking at the demilitarized zone or china itself, what's your sense? >> in terms of where they meet, i wouldn't be surprised if it's the dmz. john bolton suggested geneva would be a place for it. kim jong-un only likes traveling by train, for now seems like dmz is the place. neil: what do you make of the fact that it was pretty clear

that the chinese were interested in getting the north korean leader, talk to him face-to-face, maybe talk him off the ledge. i don't know whether the tariffs that were separately worked on the chinese played into that, steve bannon thinks that is the case, what do you think? >> well, i think one, either the chinese wanted to have opportunity to speak to kim jong-un ahead of whatever conversation he might have with president trump. obviously, they want to be a player in this. they are a player in the conversation because i think you watched as i think donald trump is very -- he's threatened over and over, north korea, and tried to force them in a way that prior u.s. presidents haven't. he's been very unpredictable about what he intends to do about north korea, all through this he's been very strong and made china nervous. china is believing for the first time in a while that the united states is not as predictable as the past, and that won't roll over when it comes to north korea, that we will be tough, and that's important because it's meant

that china enforced own sanctions against north korea. you're looking at a country that does about 90% of business with china. reducing oil exports and energy exports including coal, brought north korea to heal and compelled kim jong-un to have a conversation that months ago wouldn't happen. neil: maybe because i'm reminded of the times that kim jong-un lied and broke promises and his father lied and broke promises and grandfather lied and broke promises, i'm not ahead of myself and thinking this is a eureka moment, a surprising moment, what do you think? >> as you so rightly point out. when this happens in the past, the predicate for north korea to have the negotiation says they get paid huge sums of money. we're going to see as this progresses, if they make those types of requests for hundreds of millions of dollars in order

to have the conversation without abetting in a meaningful way the nuclear program which is the ultimate go. kim jong-un believes this is essential not only for his country's survival but his survival to have a nuclear armament. hard to turn him back given both his rhetoric and the evidence he has nuclear arms. >> i'm beginning to wonder, vince, whether the chinese could be doing even more? we talk about mass starvation going on in north korea. china is a very rich country, richer than us, could do a lot more than it's doing whether under the table or over the table and it's not. i wonder why that is. it's keeping a respectful distance or trying to triangulate with the united states. >> to the extent they're doing that, i suspect because they want to keep north korea as a client state. they'd like to continue to have north korea have relationships with china, yet demonstrating they are unhappy with north korea's behavior of pursuing nuclear arms the way they are.

i think it includes getting chinese banks to come to heal and make sure they're not doing anything under the table, that's nefarious and ensuring the sanctions are enforced when north korea tries to smuggle coal out of the country through other country's flags for instance. there are issues that china can be helpful with north korea that they haven't extended that power to. neil: vince, very good catching up. hope you have a very nice easter. >> thanks, neil. neil: the markets go up and down and the volatility and all of that, this is inspired by the president of the united states, picking and choosing his targets. now, it is working in a crazy sense for him. but crazy in a good cash-making sense that you get the desired impact. first the sell-off, and people chew on it a while and like it. except when you're jeff bezos. after this. you know what they say about the early bird...

he gets the best deal on the perfect hotel by using tripadvisor! that's because tripadvisor lets you start your trip on the right foot... by comparing prices from over 200 booking sites to find the right hotel for you at the lowest price. saving you up to 30%! you'll be bathing in savings! tripadvisor. check the latest reviews and lowest prices.

retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered.

leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. if you're approaching 65, now's the time to get your ducks in a row. to learn about medicare, and the options you have. you see, medicare doesn't cover everything - only about 80% of your part b medical expenses. the rest is up to you. so if 65 is around the corner, think about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, they help cover some of what medicare doesn't pay. and could save you in out-of-pocket medical costs. so don't wait. call to request your free decision guide. and gather the information now to help you choose a plan later. these types of plans let you pick any doctor or hospital that takes medicare patients. and there's a range of plans to choose from, depending on you needs and your budget. so if you're turning 65 soon, call now and get started.

because the time to think about tomorrow...is today. go long. . neil: all right. i love it when we have the judge here. when i get something that's crazy and runs by us, i think judge, help! and wanted to get his insight on this, apple ceo tim cook after finishing up an interview at msnbc, the interview is going to air on april 6, said he was open to regulations,

said we never believe the profiles of people that have incredibly deep personal information that is patched together from several sources should exist. i think we are beyond, that time for a set of people tong what can be done. what they are kick around in washington right now as they prepare to talk to mark zuckerberg of facebook is some regulation, regulations that zuckerberg said he was open to. not a good idea to preregulate itself, that's a separate issue. i want to raise this with the judge to talk about here, that's a big deal. >> if you're talking about regulations which require corporations to keep secret what they learn about you, privacy regulations already exist. the problem is when you purchase this, i'm holding up my iphone, you don't realize it but you agreed you won't sue them, if you have a problem, you will go to arbitration, which will be in secret. neil: that's built in? >> yes, the same thing with

your telephone. this violates the constitution, which guaranties you a jury trial, when you have a grievance against somebody and there's a federal cause of action there. on the other hand, if you begin the regulation of amazon, google, facebook, which effectively consists in businesses that transmit information, protected speech, where is it going to end? is it going to get into the regulation of political speech? neil: what do you say, judge, i heard you spout off on other shows. one of the things you argued is the idea, be careful what you wish for, you might get it, et cetera. what if a company is abusing that privilege and it alone is taking information out you on and sharing that with people willingly or not, or ignorantly or not. does the government have an obligation to say you are the one that's abusing that privacy, and we must dial that

back? >> well, the statutes that regulate privacy are already there, the government is lacks in enforcing them. you will see why i'm smiling. because what entity on the planet is the biggest violator of our privacy rights? the government itself. so the way to regulate privacy is to bring an action against these companies, get a court to invalidate the arbitration agreement and bring it before a jury. what jury would not be sympathetic to the harm that's caused, if your and my personal information, against our will and without us knowing about it, ends up in cambridge analytica in cambridge, england, and selling it to the highest bidder. neil: might be one of the rare cases where people find out about it. how do you feel, being the privacy advocate that you are, where companies willy-nilly are sharing this information or

wink and a nod handing it over to someone? that's not going to stop. the advocates for doing something about this are saying this is the way to stop it. >> hard for me to believe that the federal government would enforce privacy laws that it violates against privacy corporations, but not against itself. the courts will. neil: i might point out, this is the same government lecturing banks about financial propriety after the meltdown, pot meets kettle. let's see. >> who owns freddie and fannie? neil: correct. that's never gotten in the way before. >> correct, correct. that's a difficult thing to address. because if you don't know that your privacy is being violated, if someone's making money by selling private information about you and you don't know it, then you're not going to bring a cause of action. neil: you obviously, technologically advanced lawyer, a legal mind, now you use this technology, do you do

so knowing full well that certain things may be compromised just you using it? >> no, i don't. i google like everybody else, and inside of this is all kinds of information, and i hope whoever i send an e-mail to is not electronically going to get into my contacts or bank. neil: you know it's a real risk. >> yes, yes, it certainly is a risk. the probably either an insurance market for this, where i buy an insurance policy and the insurance company surveils the market and lets me know when my information is out there. neil: sun microsystems ceo famously said if you want your privacy, don't use this technology. >> i'm in the neil cavuto camp, i want my privacy and willing to pay for it. if i have to pay a insurance policy to surveil the market for me, i'll pay the premium. neil: if the government were to intervene here and likewise -- i don't want google looking at my searchers today, like the one today, reporters who are

better than charlie gasparino. >> it could have been anything. was there an answer. neil: there was. i couldn't reveal. be careful because everything is scrutinized. >> correct, i don't want them, i don't want the government going into my iphone to protect me. remember ronald reagan? i'm here from the government. i'm here to protect you. nine most dangerous words in the english language. i would trust a court and insurance carrier whose premiums i'm paying. neil: you are brilliant, your reagan impression is awful. [ laughter ] >> more after this. stay with me, mr. parker. when a critical patient is far from the hospital, the hospital must come to the patient. stay with me, mr. parker. the at&t network is helping first responders connect with medical teams in near real time...

stay with me, mr. parker. ...saving time when it matters most. . .

neil: all right. up 105 points right now. the big drama on capitol hill, i'm sure trish regan will take you through that, how far to go questioning ceos and how much you regulate them. it is open season. hey, trish. trish: hey there, neil. breaking now, we're seeing dramatic day and dramatic swings in the stock market as the white house makes progress securing fair and balanced trade with our partners all around the globe. the's tough stance is beginning ay off. we'll have to wait to see how the markets react as we approach the closing bell. i'm trish regan. welcome, everyone, to "the intelligence report." the president making good on another campaign promise, reaching agreement with south korea to improve an existing deal that marks the president's first trade victory since taking office. can we expect more to come? we're on it for you. get this, the mystery train that