the border. last year we had record low numbers. this year they're going up, could be because your economy is good and people coming into our good economy but we're putting the national guard and military at the border. we're beefing up the border patrol who have done a fantastic job. i.c.e. has done a fantastic job, we will take care of that situation. we need a wall, whether you're a republican, we need a wall and it will stop your drug flow, it will knock the hell out of the drug flow and stop a lot of people we don't want into this country coming into our country but right now we're putting the military and national guard and we'll have very strong borders now. we have strong borders now but they will be much border. with that the cabinet meeting will begin. we're going to be discussing a lot of different elements of what's going on. the country is doing very well. we've created 3 million jobs since the election.

we have 700,000 jobs in the last number of months. the numbers are starting to come out from countries and corporations. they're doing incredibly well. the country is on very solid footing. when we do a deal with china which probably we will, if, we don't they will have to pay pretty high taxes to do business with our country. that is a possibility. but, if we do a deal with china, if during the course of the negotiation they want to hit farmers because they think that hits me, i wouldn't say that is nice but i tell you our farmers are great patriots. these are great patriots they understand that that they're doing this for the country and we'll make it up to them. in the end they will be much stronger than they are right now. don't forget farmers have been trending downward over an eight

year period. their numbers have trended downward, in some cases significantly. between nafta and china and all of the things we're doing we're going to make them much better than they have ever been but during this period of time son son -- sonny perdue is here, he understands everything i'm saying. there will be a little work to be done. farmers will be better off than they ever were, will take a while to get there but could be quick actually. it is not nice to hit the farmers specifically because they think that hits me. with that being said we're doing very well on trade and trade deals. i think deals will be made. i think we'll make deals with a lot of countries that have taken advantage of us and we will be reporting back to everybody. we'll start our cabinet meeting. thank you all, media, press, thank you all for being here. >> mr. president, you still want to get out of syria? do you still want to get out of syria? >> we'll make a decision on all

of that, particularly syria. we'll make the decision very quickly, probably by the end of today but we can not allow atrocities like that. that he may, yes, if he does, it will be very tough, very tough. everybody will pay a price. he will, everybody will. [shouting questions] >> everyone please exit. >> excuse me. >> military action is off the table? >> nothing is off the table. nothing is off the table. >> is there some doubt who is responsible for this? >> well, they're saying they're not but to me there is not much of a doubt but the generals will figure it out probably over the next 24 hours. thank you, everybody. thank you. >> thank you, mr. president. [shouting questions] >> no, not at all. market is up today very substantially. not at all. don't forget our country will be much stronger when it is all

finished just so you understand. these trade deals are horrible. our country will be much stronger when this finished. thank you. neil: all right. they call that a spray coming from the cabinet room, president of the united states, ping-ponging on a variety of issues would be determined as more dramatic news headlines at the end, a decision one way or the other will be made by syria and this latest chemical attack by the end of the day. whether that implies the president would move military toward the regime is anybody's guess. saying something will be decided by the end of today. welcome everybody, i'm neil cavuto, you're watching "coast to coast." we're up about 350 points. a lot has to do not so much with the back and forth among foreign tensions and particularly one

country, china and trade as the administration seems to talk a much more friendly tune concerning that country, all the issues that had been falling and on the idea that they were going to tumble if things get tougher between our two countries are all coming back as they include caterpillar and boeing, deere, a host of others. 10 of the 11 s&p 500 sectors are up on the developments. you've seen amazon and apple and alphabet and battered tech issues come back today. by the way, i think charles payne was reporting this as well, a great deal of tension paid overnight what china's ruler for life now, xi xinping says about all of this. hints, i stress hints, financial times and others brought this up, might make a few conciliatory expressions, i

stress some, president's trump desire to trade the trade deficit by $100 billion. he might not spell it out as much, there seems to be more attention as usual to xi xinping's overnight where he will outline a response to what the president has said and threatened and offers some solutions. but i should point out that there is a battle, a tug-of-war to be very, very tough on the chinese if they don't come up with enough. steve bannon saying the elites of the america have bailedout the chinese regime for 25 years. the trump is the first leader to confront this, the first leader of other party to have backs of american workers. the president for his part he is optimistic that the deal can be met. that he is personal friends for the chinese premier, they will be as such after this, no matter what happens. let's get the read with "barron's" senior editor jack hough, former congresswoman nan

hayworth and our own charlie gasparino. they dialed back a lot of the nasty rhetoric. that doesn't mean anything but what do you make of what's going on? >> i think the market is responding, i call this the larry kudlow bounce right now because larry went on the talk shows yesterday, look the president has in effect someone close at hand, namely person of larry and other voices who are saying we have to be very careful about tariffs, mr. president. that said we support you in the very crucial mission of combating chinese mercantilism. everybody agrees. we have international coalition which is so crucial. those international relationships will make an enormous difference in the short and long term. neil: did you read anything that optimistic what he said to it, jack, other than the fact he will avoid any way he can the president and administration the trade war? >> part of the same pattern, tough talk, backpedaling. we know the president likes to

watch tv he is getting feedback cycle with the stock market, he comes with the soft talk. get me to friday, because friday starts earnings reporting season. we'll have the best earnings growth since probably 2011. investor will have something to focus on other than this tariff talk. neil: that is a pretty good backdrop. we should stress we get the quarterly report card from the banks and financial institutions by the end. week and they are closely scrutinized, to jack's point is very positive, we could see 16 to 18% earnings growth. that is not too shabby. >> that is based on trump's policies. give the president credit for cutting regulation and tax cuts which have massive bottom lines. this would be the first quarter, with those tax cuts took effect. >> right. that will go right to the bottom line of these companies. deregulation is hard to measure. i can tell you when i talk to ceos, i talk to a lot of them,

they say that is one of the biggest drivers of earnings. if they have less government on their back, they have more bottom-line growth. now here's the one thing, i will tell you this. when republicans and democrats, when they're worried about the donald trump becoming president prethe election they believed his trade policies if matched with action would destroy the stock market and hurting the economy. that is what you're seeing in the markets right now. one thing i will say this, a lot of investors believe his bark is bigger than his bite. kudlow, a lot of investors don't trust trump. they believe it is bluster and steve bannon rhetoric to solidify his base. the other thing when he starts talking about trade nafta being a horrible deal, and all these other trade agreements being horrible, hurting the economy, the facts don't disregard that. neil: i do like what you're saying here. nan, one of the things he

hinted, the president hinted at just now in these remarks have a finish to nafta updated version. >> right. neil: there is a great deal hope that his bark is a lot worse than his bite. he gets concessions out of the chinese and south koreans. people can poo-poo those. >> and north korea. neil: do you think that those will win out here? if it is deemed chinese have not done enough that it will boomerang on him? >> i agree with charles, i think his strongest tool basically is that he has created and jack just said it, much more robust domestic economy. that gives him a lot of leverage domestically. and that also gives him leverage -- >> give liverage to the chinese no the stronger our economy is, the stronger we build partnerships with the rest of the world. seriously -- neil: does china --

>> greg i'm had -- greg ip had great blog in last week's "wall street journal." china es points are bigger than ours. neil: they need a deal more than we do. do you agree with that, jack? >> no. china has done tremendous, growing business as emerging economies. they are not as dependent on us as we like to believe. neil: they like our soybeans. >> they will get them somewhere else if they have to. >> brazil is running out of capacity. now we're it. neil: jack, where do you see this going? a lot of attention of xi xinping what he makes overnight this speech on the calendar for a long time but that he might use this as the opportunity to hint of a deal, or at least concessions to the administration? >> i think both sides will try to find away to avoid a trade war but i mean, do a mental exercise and picture the chinese saying, picture them coming out saying you know what? you talked us into it.

we realize the error of our ways, stealing your intellectual capital all these years. we feel ashamed of ourselves. neil: you don't see that happening? >> no but i hope they come to agreement to avoid a trade war no one wins. >> my guess, this is what i think larry kudlow if he has his sort of way will happen, my guess they will give something marginal and donald trump will declare victory. but what the intellectual dishonesty of what trump says about trade is really what gets me. what i find interesting is that larry kudlow would work for a guy who basically said everything larry kudlow said oaf the years is wrong. neil: what larry kudlow saying this is means to an end without putting tariffs in effect -- >> no, not that, nan. he just said on, what he said before was that free trade, we got screwed on free trade. >> right. >> we got screwed on these agreements. we didn't get any jobs for us.

it is economic negative which is wrong. neil: he abandoned the trans-pacific that would be a counter. >> that is another thing. >> all the negative talk was before he cheered how high the stock market is. this might be unpopular i regard this as year one of the trump economy. i know we had a rip-roaring stock market last year. that was an obama budget, obama trade deals, obama tags -- >> lower taxes. >> lower taxes this year. >> lowering regulations. >> he says the stock market is great report card. >> but it is not the only report card. neil: my producers are screaming at me, they scream extra laud because i'm old. i know. i am wondering if whatever concessions the chinese make they will do something to your point will be enough to satisfy the markets? what do you think? >> yes. >> yeah. earnings will dwarf anything going on over the next year.

neil: does he look like superman if they get some concessions? >> he will cheer bit. neil: i know he will about you and investors. you don't think this would grease the skids for further run-up no yeah. >> even with the mercantilism of the markets. >> what the markets say if you're in a trade war that is stupid. >> business is international. capital flows. we have want to be the most welcome -- >> jack doesn't believe the tax cuts are really working. >> no, i think the evidence isn't there yet. we have to see. great growth this year. let's see what next year's investments look like late this year. >> prior to the republican election of republican congresses preceding six years, just saying. having been there. >> i'm happy with the tax cuts but all on borrowed money. we have monster deficits to

come. i want to see the stimulative effect. >> if we don't get 3 1/2% growth, deficit blows out, interest rates go up. you might be right. >> we need growth. neil: we're up at session highs about 370 points. a lot more to do with china. you know the drill. we are saying often enough over the weekend, better it looks we get a trade deal with china, even though might be a murky one, better looks for stock. the worst outlooks, worst for stocks. that is leading this market. to jack's point and these other fine guests point earnings could change that later on in days and weeks ahead. for now it is china stupid. more after this.

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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. the president did say there will be a response to this to what appears to be a chemical attack in syria. as you know john mccain has come out saying the president and others president might have greased the skids of this tragedy, hinting a pullout from syria, wanting one sooner rather than later, not everyone agrees. it caused consternation. the president intimated president said some decision will be made by end of the day. what will that decision be? connell mcshane has very latest. reporter: we'll get that decision rather quickly here.

is emergency u.n. security council meeting which we expect here this afternoon in new york. there is a possibility from what we've been told, we may get news out of that in the 3:00 hour eastern time, but it was last hour at the white house that the president did make news on a possible response and the timing of that response. here is how he put it. >> we're going to make a decision on all of that, in particular syria. we'll be making that decision very quickly, probably by the end of today but we can not allow atrocities like that. reporter: all right. to add to that we have some reports that the u.s. asked the security council to set up an independent inquiry to use of chemical weapons in syria. earlier the russians blamed israel. israel neither confirming nor denial of involvement. 14 people were killed in the airstrikes. all in response to the suspected chemical attacks in the suburbs of damascus.

the death toll keep coming up, keep going up. the latest reports we have, 60 plus people may be dead. in addition to his comments at white house, he took to twitter, worth pointing out all over the weekend calling out put paul by name, saying president putin, russia and iran are responsible for backing animal assad. as he put it there would be a big price to pay. he adds to that. calls the attack heinous. he says a decision will be made next day or two. neil he is hinting that he may have the decision made today. neil: thank you, connell mcshane. what if we decide to go in militarily, as we did a year ago, strafing an airfield at the time? fox news foreign affairs analyst walid phares. >> thank you. neil, president trump said that would be a very big mistake, what do you think happen, russian reaction if we did?

>> look, neil, the russians are today stronger in syria than they were a year ago and certainly six years ago. they're trying to send a message to us and our partners, there will be a response. it may be directly about the the russians or usually task iranians to do it. in syria could be other places. for us, for the united states, it is very important we begin with the right thing to do. asking the intelligence community to have a detailed reports, analysis assessment of these chemical attacks so we can take it to the security council and then confront the world and tell them it did happen. i'm sure, neil, as you know, you can expect the russians will have a veto. once you have the veto from the russians you have legitimacy to form the international coalition and start having u.s.-led strategies. neil: would the russians respond militarily if we entered tear militarily? last year, i believe, correct me if i'm wrong, walid, we gave the russians a head's up we were

about to do this this year maybe we're doing the same thing if we come to this, maybe not, what do you think? >> we may do, we may not. we may do if they are too close. we don't want to engage russians directly, by the norms of engagement, rules of engagement if you attack their military they will respond. if you attack allies, syrian regime, or hezbollah, they may ask their allies to attack our allies. there are is a lot of scenarios. national security council and u.s. in war rooms are focusing what can be done without getting to a point of ultimate confrontation between the u.s. and russia which should not happen. neil: do you think right now the way things stand that whatever bloom possibly was on the putin-trump rose is off? >> well in politics we've learned from decades of cold war that we would be confronting each other in vietnam, latin america, africa. leaders would meet because these are two superpowers with nuclear

weapons. so the fact that the two countries would have to speak to each other for the security of the world that would continue. friendly relations as was project ad few years ago, they are in jeopardy at this point in time. there are a lot of tensions between moscow and washington. neil: thank you very much. walid phares. we're following this closely. the president independent -- intimating a few minutes ago, some decision would be made. whether it would involve military action as it was a year ago, no way of telling but we're keeping an eye on it. the dow up 335 points. we'll have more after this.

>> mark zuckerberg foes to the hill this week to testify. >> yes. >> does the administration feel that facebook should be regulated. >> will he wear a suit and tie and clean white shirt? that is my biggest question. >> do you think facebook -- >> will he behave like an adult as major corporate leader or

give me this phony baloney hoodies and dungarees. what is that? >> you don't think much of mark zuckerberg i think? >> i think i could help him clean up his act. neil: all right. so larry kudlow sounding like just about every guy around our age about mark zuckerberg and hoodie thing and everything else, that he has to clean up his act. zuckerberg is on capitol hill now as we speak trying to go through the motions getting ready for two days of testimony, for the senate first, the house second. he will have a busy week. he is making sure he does all he can, not just a suit and tie and but give suitable answers to get washington off his back. to jeremy kaplan. i was surprised by kudlow's view of those crazy kids. where is this going here? a lot of people are out for blood as zuckerberg appears. what are we looking forward to here? >> i think there is a moment

that something fundamental has to change about facebook. i hope we will see from zuckerberg. this european privacy regulation, gpr, which will dramatically change european regulations. he says he plans to bring these privacy regulations to everyone worldwide. you will have a lot more control over your privacy. in a theory, things like the huge scandal where everyone's private data is exposed, manipulated, sold will be repackaged. that is not the case. that is the vision and hope. we'll see what zuckerberg says tomorrow about things like this. neil: he is going to be contrite we're told, jeremy. one thing the washington is quoting, it is clear, quoting zuckerberg, that we didn't do enough to prevent the tools for being used for harm. that goes with fake news. we didn't take broad enough view for our responsibility. that was a big mistake and my mistake. will that be enough. >> that simply does not cut it.

we heard the exact same things from a variety of facebook people over years. mark apologize, we will change. oh, they have not changed. he continues to make billions of dollars. the company makes billions of dollars. so what is fundamentally going to change? that is the real question. contrite is good. that is the right attitude. you have to make a public apology and make a statement to take ownership but what exactly are they going to change? neil: what i always worry about, jeremy, when banking executives appear on capitol hill or whoever the target de jure is, be careful what happens next because then the pendulum swings other way towards a lot of regulation, a lot of oversight, for people who are not exactly financially skilled in their own right but one of the clearest signs is that there is going to be oversight of these mechanisms that high-tech powerhouses like facebook have for their users. and i don't know if the answer

is washington overseeing that. which seems to be increasingly the way these guys are going. what do you think? >> that's a great question. gets right to the heart of the matter here. zuckerberg and facebook are technology people and they know a lot about the ins and outs of these things. you and i sitting on outside saying don't do it, what exactly does that mean? we have to watch carefully how the debate gets shaped. i mentioned that european privacy law, that is a very important one. here is some politicians saying here is what we would like to see happen. how do technology companies actually implement them? how does facebook implement change if they decide people's private data shouldn't be colated and sold off to other companies? that is a real challenge for them to actually change things. if you look at facebook's privacy controls right now, a lot of them are based on the premise of you controlling who can see your posts, which sure, like that is important and all but far more important is, what happens to my private data?

when i send a message to my friend that i have a cat, all of sudden pet food companies are aware of that? that level of scraping my personal information that is much harder to regulate and control i think. neil: there is another thought that facebook is getting unduly and unfairly scrutinized, punished, ripped apart when other big retailers have had issues where their information gets out in a hacker's hands. i don't know what is the truth. you know far more than i do. i wonder whether we can go overboard on this, or we're going too aggressively after facebook? there is sort of an acceptance when you are online, that you are surrendering a little bit of that but happily so for the convenience. that doesn't mean you want this in nefarious hand but, part of this high-tech age which we live in, give-and-take on this issue, isn't it? >> yeah, for sure. we've all known for years. there have been privacy issues and concerns with facebook. i think a lot of the problem

comes down to the public perception of suck iser -- zuckerberg of himself and facebook a lot think of him as a greedy monster. that is the narrative of him going on out there. to some extent zuckerberg's testimony can control that. if he is cronkite enough. if he is apologetic and we have done wrong and we're doing better, that might help to some extent. that problem is very deeply engrained one. we're aware what is going on. we're aware what you're doing with our data. neil: it hasn't hurt them. the latest signs, we're taking from some of the companies providing numbers there has been no material loss of subscribers or users on facebook. do you believe that? >> you know, i do. anecdotally i have spoken to a number of people over the last week or two. they all complain about this nobody i know has left. i personally still like the service. i connect to a lot of relatives overseas to it. it is useful but really

annoying. a lot of people would like to see change. i think are willing to believe there is going to be change but again we heard this before from him. neil: you know the only thing i worry about facebook, just me, when i see people on it they have idyllic lives with wonderful kids. that can't be, you know what i'm saying? it is not reader's digest and highlights for children, it just seems to be a a "stepford wives" world. >> you don't post i lost a whole bunch of money gambling. those stories don't show up. neil: we'll see very much. we'll see. tomorrow is d-day the first day of testimony on the senate side. the house side the next day. for mark zuckerberg who lost already than $10 billion in market value this, is battle royale not only for his reputation, his company but maybe the technology industry itself. we'll explore that in much more

detail. in the meantime china is supposedly so angry at donald trump that it has been humiliating on the global stage it doesn't want to make one concession to him. then there is the other side, yeah, but we want to get over this so we do business with our biggest customer, the united states of america. enter xi xinping, the leader of china who a year ago was meeting with the president of the united states at mar-a-lago. back then they were buddies. the president says they are still buddies. xi xinping will make a big speech overnight. in that speech there is growing talk, growing talk he is going to do something to get this off his back and to get the president from criticizing him. now we don't know, but that enough is buoying stocks. we'll explore after this. ♪ you know what they say about the early bird...

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♪ neil: all right, could we have a trade war? you know the drill here. we keep repeating it because only constant connection that has proven fairly reliable since this tit-for-tat over tariffs started with china. the worse they look possibility it could happen the worse stocks look. fried an example. out of larry kudlow, there is great excitement ahead of a over a xi xinping. that at the could end without a trade war. blake burman is here. what do you think? reporter: a lot of tension over last couple weeks ago as tit-for-tat is going back and forth between the u.s. and china but seems as if the pause button has hit here at white house or throughout the administration last couple days. now top officials within the administration are saying look, discussions are ongoing. a second round of tariffs hasn't been put forth. we do not feel that we are engaged in a trade war at this

moment. in fact president trump, who was meeting with his cabinet just a little while ago was asked about whether or not he is concerned with with one of the other side-effects of all of this, the up and down with the stock market over the last couple weeks? the president said, no, he is not concerned. >> not at all, no. the market is up today very substantially, not at all. don't forget our country will be much stronger when it is all finished so you understand. these trade deals are horrible. our country will be much stronger when this is finish. reporter: the president's top economic advisor larry kudlow spoke to a bunch of us on the north lawn a couple hours ago. when i asked kudlow about the general feeling over the last 24, 48 hours that the administration walked tone back a bit and kudlow looked at me said, quote, i've been fair and square. here is more. >> we have a very strong economy here. that's number one, very strong and improving. second, no tariffs have been

enacted. third, conversations are going on. >> how would you describe those conversations? reporter: over the weekend, neil, the president tweeted out he feels china will take down the trade barriers, because quote, it is the right thing to do. that was echoed here on the north lawn by kudlow here as well earlier today. neil? neil: good to have you back my friend, blake burman in washington. you know, aaron, i'm curious where this goes. each side has its pride and each side wants to make it look it got better of the other, i know how that goes but we're focusing maybe disproportionately so on a speech we'll be hearing out of the chinese premier overnight he might outline some areas of mutual, maybe the word is agreement where the chinese can ease american tensions. what do you think? >> well, that's right. obviously the markets are looking to this as well and if

he does downplay as we're seeing a possible trade war obviously the markets will respond in kind. i think some of the president's comments here have been really poor, not only for the market but because there are a number of people in the midwest obviously who wanted to see him take these tough actions on trade, yet if he does not take them, there might a backlash there. but if he does and we do go forward with a trade war you will see farmers in the midwest, maybe not be so happy with this, especially with the soybeans, the crops in the midwest there. the president also said earlier today, that farmers will be doing this for the country. well, farmers are, you know, throughout the middle of america, some of the people who need the most economic receive in this country. if he turns them away from him, that will be a problem going into the midterms for republicans. neil: i could be wrong on this, erin, never gotten in the way of a strong opinion that something is going to happen. i don't know necessarily will be

a enough or a weakened concessions or president to claim victory but that the chinese for first time in decades made a concession. then the question becomes whether that is enough on top of the tax cuts to help republicans by the time the midterm elections? because everyone seems to look through this as a political prism. do you think a deal on trade, even if it's a murky one, coupled with the tax cuts that seem to have overwhelming support or at least more support than they did in the beginning, double what it was i believe among independents when they were first proposed is enough to change what seems to be a blue tide right now? >> you're right that the tax cuts did change some, they were unpopular when they were, for quite a while until they were actually passed and enacted. and that did turn the dial toward republicans a little bit but it seems like in the last couple of weeks, the gains that

republican made in some of the generic polls have been wiped away. if he does get some kind of a deal here maybe that could bring things back in favor of republicans but i think we're a long way out seeing that. on top of that, neil, you have so much chaos coming out of the white house and this appearance of corruption with at least scott pruitt and some others that it doesn't seem like he is going to get that much out of this. neil: frank luntz is on record saying he thinks not only the house but the senate changes as well. i will be talking to him on "your world" on fox news. but he is basing that on this sort of underbelly of concern that things are sort of bumping along and that americans are growing restless and impatient. what do you think? >> neil, look at some of the poll numbers you're seeing come out of tennessee where the former governor, phil bred send in a recent poll is 10 points ahead of marsha blackburn,

republican congressman who is running that race. neil: amazing. >> in texas, anecdotally o'rourke the democratic congressman is doing well against ted cruz and in the race for senate. if you have states like tennessee, and texas, i think nevada and arizona is gone for republicans. you see even split. if they pull one of those two races, yeah, the senate is gone. neil: alarmed me. erin mcpike. good seeing. >> you you too. neil: back to earnings season. this is the first quarter, first three months of year, dramatically lower taxes for corporations are in effect. we already knew a lot of people were ratcheting up earnings estimates to accompany that new math reality but 16 or 18% growth year-over-year for s&p 500 that seems generous. that seems what many are looking for. could that offset all the other

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neil: welcome back. we are dashing along just nicely here. a lot of this is the optimism built around the trade deal or they think will be a trade deal or it is not getting worse. the president hasn't said

anything to set anyone's financial houses on fire. so the issues that tend to follow this very closely, including the dow, just an aggregate, proxy for 30 largest industrial concerns, financial concerns on the planet, they're all coming back. caterpillar, for example, boeing, some of the other issues that caught up in thedown draft that they would be targets of china if things went from bad to worse do not appear to be the case. apple, alphabet, caterpillar, facebook all moving up. anything can change in the next three years how by friend jonas max ferris, with the max fund cofounder, with me right now. optimism seems to be built on this belief that a trade war is averted. something is done looking like we have beginning of progress. i don't know what's right, but the backdrop to the very good earnings likely for this quarter, people step way back, you know what?

, stocks have gotten beaten down way too much. what do you say? >> there is a lot of swings related to the trade war. some days it looks like it is getting worse and other days it is i am proving. people want progress, they just don't want all-out recession because of a trade war. that is less of a concern of the market than problems with china. so looks like in syria, focus going away from china, might get a little bit out of them. that is good for stocks of the market was up and down a lot every day on perception of changes. hard to read too much into it. the after tax earnings boost is kicking in for corporations. couldn't be a better time t has been a rough month for the stock market. these earnings are going up double digits because of this. there is good underlying growth, that is what investors focus on not so much the boost from taxes, in general which is a multiyear high. if those figures are good, it could really support the market. if they come in a little weak

even, it will add to fears building from trade war, other problems and interest rates going up, et cetera. neil: i think their guidance will get disproportionate amount of interest, whereas in the past it always did but particularly this go-round. let me ask you about valuations here. we are now for the s&p 500 kind of brac where we were "brexit," june 2016. at 16 times estimated earnings that is an affordable market, a market that had got enfrom levels we were at close 20, gotten beaten down too much. what do you think now that this is an affordable market? >> not talking so much about the "fang" stocks. neil: i understand. >> that is whole another -- the whole market in general, if you look at dividend yields relative to benchmark interest rates, look at forward earnings it is not out of control. it is not historically cheap. we will never get prices like '50s, '60s, '70s, again. there is too much money in the

market. if you're looking more forward or backward whether things are cheaper or not. and if these earnings come in good and thinks look like they're still growing people will focus more on the forward. if things start to get a little weaker, looks like some of the tech companies will stop growing so fast, they will panic about the backward looking, so then it looks a little expensive. not historically expensive market relative to alternatives especially comparing yields of of differents and not good inflation adjustment return you get support. it will come down how you respond and forecast of top line real business growth going on, particularly in tech. neil: thank you, my friend. jonas max ferris. the dow up 374 points right now. we'll pay more attention nor normally we do, speech by

xi xinping. the premier for life. something we've not seen since mao tse-tung. in that speech there is growing hope overnight that he is going to hint, and i stress hint, of some concessions to donald trump his good friend we're told. donald trump just saying the same with xi xinping. friends wouldn't say or hint at that if they didn't know something was in the offing, right? more after this. the : . : : nah. not gonna happen.

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i don't blame china, i blame the people running our country, i blame presidents and representatives and negotiators. they shouldn't of been able to do what they did. they didn't do it, we did. it's the most lopsided set of trade rules, regulations that anyone has ever seen. >> the president saying don't blame the chinese for getting the better of us. whatever you may think of that, the fact that he tends to think of the chinese president as a leader and a friend of whom he can work and he has not said anything critical of the president, his trade minister, finance minister and others certainly have. it is going to be addressing a group later on today,

overnight in asia where he will outline where this trade battle or war spams and that he might make some concessions. when do they go to the grea degree of what the president wants to see by trimming the trade gap between the two countries, no one knows, but there does seem to be a lot of optimism built into the markets. at least they are not saying anything more for the time being. they are hanging on the possibility of a deal. larry kudlow over the weekend hinted about it but talk is cheap and i cannot tell you the number of times i've talked about going on in a diet so i'll leave it at that. we have executive editor glenn hall and last but not least deidra bolton and so much more. deidra, the vetting seems to be that something will come out of this that will not be like every other trade skirmish or worse.

>> the one comment we have heard that i think backs up your point that this time it will be different if he said we are going to invest in security and that is more important than maximizing our profits. that is the first time i heard anything that sound like that meaning they are hiring there's committee something like 10000 facebook employees on security detail throughout the company and that will send their profit margins. that line from mark zuckerberg. >> that certainly eases people's concerns about what happened, but on the chinese situation, do you get a sense that the president is really doing his best not to aggravate the situation? >> i think he is sort of set himself up for some kind of success down the road.

, at least that's how he envisions this playing out. >> he set a high bar, he marked his territory, he forces chinese into discussions and we get the hand that maybe they're willing to talk but they want things to cool off. we discussed this last week when the markets were going down and now it's going up and we have to be careful. i think you're looking ahead too many months before we know the answer. >> did the chinese president do anything overnight in this great beach where too much of an onus has been placed on him. >> i think it's in everyone's best interest to avoid a trade war, certainly hours in china's and europe's. i think what he might do in that speech, what i hope is sort of offer some kind of concession. it's difficult because no one wants to lose their bargaining position but we've already seen that the chinese have lobbied american businesses, gone straight to the business community in the united states to ask them to help alleviate the situation. i think that's what they really want so i hope in this speech we will see something like that. >> i think the chinese may be more concerned about the

coalition of the willing that larry kudlow talked about last night and into the weekend saying that there are a lot of countries that are sympathetic to what we are doing. they might very well be, but they are not going out on that limb to risk alienating china. >> now, and i think the difference, we've talked about how the trump administration was able to cut a one-on-one deal with south korea but that relationship is different. we have so much trust. >> and what did they agree to do in the end. >> it was just to set a baseline that is for free trade between those two nations but it's not this kind of all-encompassing. it's just free trade, but we have a different relationship with south korea than we do with china. when they look at this going forward, chinese need us a lot

more than we need them. he could afford to wait it out more than chinese could. they have a calculation to this, who win. >> the president is obviously concerned because he mentioned if those farmers are hurt, they will be taken care of. we don't know exactly what that means but he made that point today. that's something they are aware of and worried about the implications for that, but also, he made the point that long-term, this is going to be better for the whole country, and i think the world leaders do agree this intellectual property challenge, all of the issues related to doing business with china is lopsided and they are happy to see the president take this on, if you win. >> but they don't bravely join the fight for publicly join the fight, but i have heard other countries saying you're

absolutely right, they do cheat. they're just not bravely doing it in public. >> to your question about the midwest and the impact this could happily on the country before the 2018 midterm, what's really interesting is that china is targeting these midwest states trying to make a statement through that targeting, but some of these democratic senators in the midwest states are in real blinds. look at joe donnelly from indiana. this is a guy who stood against president bush on a number of free trade agreements, he has been an advocate for tariffs and now that it's hitting his home state and now that it's an election year, he has to soft-pedal that back. he's one of the most endangered incumbents the democrats have. >> republicans are nervous too. ernst and grassley, all of them are concerned this will boomerang. >> i think if you look at donald trump's constituents that got him into the white house, they are going to say he's fighting the good fight and he's counting on their support in that way. it's a tough calculus.

you can't say this is going to hurt the president necessarily. >> but i think you don't know because if it does affect these industries than it does take money out of their pocket , you don't know if that translates for them to say i'm willing to be in even more financial dire straight. both prices, pork bellies have collapsed. there were down a little bit today but they are down a lot. people forget that long before tariffs take effect, that reality is happening. >> i think with the differences that republican senators have been supportive of the president's agenda and supportive in a way that the constituents would be supportive.

whether it was action on healthcare back in the fall relate summer, the senators were standing with the president. now that they actually have some skin in the game, they are continuing to stand against them in contrast to their previous positions. >> the president pushing blame on previous members of congress is a way of deflecting that he didn't make this problem, he's cleaning up this problem. >> i wonder if the way he's going about it is right. i think you've reported in your various news organizations that the chinese do rigged their markets in the current season make it difficult for foreign firms to make and roads. that has come to light. u.s. companies have until mid-may. there will be public hearings in d.c., we will see how many

lobbyists show up from industries in d.c. and say have to backpedal or work hard in this way. there's other ways to do it other than tariffs. i know they've started to limit investments from china in this country. there's other doors we can close, perhaps quietly which is off booktv screen. >> i'm wondering what will be negotiated behind the scenes. i'm hoping something but maybe not. >> maybe this will cause the said to evaluate rate

increases. >> they started with that give-and-take on whether the chinese would respond with the ultimate nuclear option and that is to stop buying our debt and start selling it. >> we've heard that many times when i've been in issues with china. it's a lot of money to liquidate all once. this risk, chinese side to go down that path as well. >> there is risk on both sides. >> we want to bring in the former commissioner, a lot of people are looking at this insane you don't have to wait for tariffs to feel the effects. we are seeing it in the futures market and you can see that that is happening for those prices of a lot of those items that are being targeted for example by the chinese are coming down and that could have a direct effect on the people and the farmers largely responsible for them. they are not happy. >> no, they're not happy. he talked about the politics

of it and then to put that aside it means this really matters to people in their pocket book and it's not just the farmers which, as you noted, prices are collapsing for soybeans, number one agriculture export and report, still about a billion dollars to chinese and even some of the other things we don't talk as much about, but wine and fruit and knots from the california commodities, but it's also the ancillary stock so if you look at stocks today, john deere, kellogg, car gi cargo, monsanto, they are all down. markets are volatile so they could come back up, but a lot of them took the thrashing with the selloff so i'm concerned that we are having an impact on people and producers already and we are in the midst of a trade war,

whether or not the administration wants to acknowledge it. it is having a rubber hits the road effect on people and profits for companies. >> the flipside of that is that consumers, at least near-term, cheek cheaper bacon and sausage and bread and corn and cotton prices. if they stay as low as they risk going, the people who produce that stuff could be out of business and then those prices will boomerang. i think that happened at the at the time under jimmy carter but it's a real and it could cushion the blow for consumers in the short term. what you think about that. >> you are correct, just hope they are not a worker in the quad cities at moline where john dear is headquarters or any of the other 2000 facilities, and you have to take it with a grain of salt

but there's a brookings institution study that came out that for 2800 counties throughout the u.s. are going to be impacted by jobs and so it's a lot of manufacturing jobs. the other thing is, people like the chinese goods. >> and so when you start taking about taking that luxury away from consumers, i think they will have some real trepidation. >> let me ask you about that. i didn't mean to jump on you about that but this notion that americans are ready to be in standby the president when it comes time for the rubber to meet the road so to speak, where he's going to say to them the chinese are gouging us, they're taking advantage of us, it's going to inflict pain on you, you will see more for a lot of items that you love, but stick with me emma will people be that near of

what they're doing and do the patriotic thing and suck it up? >> i don't think were anywhere close to that. good on you for the history, but now, i think when it really impacts the pocketbook, in particular the farmers, the usda already said that nonfarm income will be down 8.6% this year alone. this was before the tariffs. imagine if they told all of us your income is going to be 8.6 last in the morgan add-on to that. i don't think there's a patriotism that's going to translates people having their pocket picked from this but don't get me wrong for the president is on the right track with wanting to do the right thing, but it seems to me he should've stayed part of the transpacific partnership. >> that was the single biggest lever we had, sort of an asian counterpart in china with the united states helping to lead the way to counter this influence. by bailing out of that, we took away the hammer. >> and don't forget, it's not just the trade relationship with those 500 million people,

but it's also the military relationship because as china is expanding, and that's what nations do, they are also expanding their military in the south china sea and we would be much better if we had this alliance with these 11 partners, but we failed and we would be stronger. i just worry it can be a problem for people and producers. >> thank you. it you have a very good read on what's going on here. the president is one 100% right on this, the chinese have been taking advantage of this and rigging things for their considered a developing country and to the wpl that really shows what a distorted process this is. however, is this response the way to go? right now everyone hopes

cooler heads prevail and it could be a middle ground that cost the chinese some concessions but not so much that they're alienated. the united states doesn't want to do that, hence the friendly talk from larry kudlow and wilbur ross over at commerce to say we can avoid a trade war. >> that is what the markets are hoping and that is why a lot of these issues that would've been affected are jumping and that is why even in a weird way technology is jumping as well. this idea that this could boomerang and hurt technology and the vast market in asia, that does not appear to be materializing. all of those key issues are up one half - 2%. the technology center is among the strongest. all 11 of them are all up. more after this.

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comcast business outmaneuver. >> we are studying the situation closely and meeting with our military and everybody else. we will be making major decisions over the next 24 - 48 hours. we are very concerned when a

thing like that can happen, this is about humanity. we are talking about humanity. it can't be allowed to happen. >> the president was referring to latest chemical attack that seems to be confirmed against his own people in syria. it would be the fourth time in as many years he has done so. the administration promising a response or at least confirming a decision will be made by the end of the day as to what to do next. when you're looking at these developments and a market rally, you're looking at something that seems to be priced to perfection that we do respond to this in a way that doesn't agitate the entire region or create world chaos, that we do respond to the chinese that doesn't create economic chaos, that we do respond to the overtures they are making about putting nuclear stuff on the table that if it goes exactly the

way many thing it will than the markets -- i only use the markets as a proxy because it seems like all of these things will work out. the markets are saying we get through each and every one of these crises. the more alarming and immediate and life-threatening is what's going on in syria. what you think? >> neil, i think where we are going is clear. i think president trump will go to war in syria. i think that's why he alluded to 24 - 48 hours. i think the decisions already been made, is just how fast you can get naval assets into the region to deliver the type of punishing strike you need to on the side. i think what we need to do is very clear. we need to stop aside from

using chemical weapons on his own people. how do you do that? pretty straightforward. you take out the artillery, the airplanes, helicopters, anything that he uses to launch those types of strikes. at the same time, you have to do it in a way where you say to moscow, look, we are not attacking you, we're not going after your soldiers, were not trying to start world war iii and i think you can do that in a way where you're rationalizing it to them so that they don't have a counter reaction. i think that's where were heading on syria and i think the president is making the right call. >> a year ago this time when the president did attack this airfield where a lot of these missions from which they left from there, i believe we gave the russians a heads up. i don't know whether we would do the same this go-round, but i imagine it would be very different a year later. >> we gave them about a six hour window to let them know to get their troops out of the area if there were troops and

i think we could do the same thing here. we do have the ability to communicate with the russians to say look, military action is eminent and that does take away some of the element of surprise for that is unfortunate but we don't want to get in a situation where we are trying to do the right thing, taking away his chemical weapons but at the same time, start a much larger regional war with the russians. >> the russians must know about what he does and his chemical attacks on his own people. they obviously blame the israelis for what was a perceived counterattack on syri syria, but the fact of the matter is the russians know all about this so i cannot imagine they would willy-nilly do what they did last year end stand down. >> i don't think they would completely stand down, but i don't think they would launch some sort of kinetic or military strike against the 2000 soldiers we have in syria. they might, for example try some sort of sanctions against united states or the eu or pull out some more diplomats or something like that, but i think they realize they would get their you know what kicked it was some sort of military action in the middle east against the united states.

i don't think it would be a military confrontation. they would respond in other ways. >> but i want to be one and done military on our part, it sounds like what you're talking about is a little more involved. >> we are talking hundreds of tomahawk cruise missiles coming from submarines, guided missile destroyers, perhaps we bring in b2's from missouri, you can launch standoff weapons and b-1 bombers, we could bring to bear hundreds of military assets very quickly and within a 1 - 2 day air campaign we could probably take out the bulk of syria's ability to kill their own people. >> closer to home we are focused on mark zuckerberg. the billionaire had a facebook and his meeting with congressional folks about his testimony. first on the senate side and then the house side. there are indications he is also bracing himself for what could be a big government fine and that's not half of it. after this period liberty mutual stood with me

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all right. he really is under fire. mark zuckerberg will find out firsthand when he formally meets with the senate committee and the house committee the next day. christina is with us with what he could be looking forward to or not. >> correct, that video you just showed his him meeting with lawmakers ahead of his two days of grilling. we should be looking for testimony that's been released but he said within it facebook was too slow to respond especially within the russian meddling that happened in 2016 with the presidential election. he also said facebook wants to be a force for good in democracy everywhere and the company will invest more insecurity and they plan to protect the community. if that means it will cost their profits or the bottom line, that's okay. he said protect the community

over maximizing profits. this is going to be, as a 33-year-old, his biggest political test of his career. you can see he is already addressing the part wearing suits instead of t-shirts that he usually wears or the hoodies, but once facebook was trying to do at the moment is get ahead of the trial. they've announced that as of today, if your data was affected or taken from cambridge analytica, you will get notified. facebook has to belated several things they are doing to protect your information, mlb facebook investigating those who have access your data prior to 2014, if any app disagree, they will be banned from facebook, all those unused apps that having used within the past three months, they will remove access so they can no longer get your information and of course at the top your feed there will now be an information tool explaining which app, like whatsapp an instagram are connected and how much information is shared. facebook stock has been plummeting ever so slightly

last week, we see it rise this week, a lot of analysts have a buy rating, over 80% are saying this is the opportunity to get in as an investor. you can see it 2% higher suddenly watching to see how, what this relation could mean for technology firms across the board. >> thank you very much. facebook isn't the only thing coming back a little bit today. if you're looking at gas prices, they been coming back for a while. thirty cents higher than they were a year ago. what the heck is going on here. >> maybe hire neil, oil today, looking at the oil board right now, we're up close to session highs, where 63 - 41 the last trade and that is about 2% of the day. gas prices have been on the rise, only a penny in the past week, take a look at the numbers from aaa. up about 12 cents in the past month and over the course of the past year, up almost 30%. where do they go from here?

there's nothing like unrest in the middle east to drive up the price of oil today, but where do we go from here? two respected voices in the oil industry with two different opinions, shall be lumbered first, we are probably either at or near a peak pump price for the season. she said, on the other hand, our friends at gas buddy say this summer in terms of gas prices they will likely be the highest since 2014. where does it go from here? i don't know. trade war with china would bring prices down, unrest in the middle east would send them up. your guess is as good as mine. >> whatever advantage you get from the tax cut might get wiped out when you fill up your car. >> the lord giveth and he taketh away, as well as the president. >> not exactly a breakeven situation but something to watch. thank you very much. >> i want to go to ben stein. he is looking at these cross

current capless code. then, the argument has been that you have all of this worry out there, gas prices rising, a trade war brewing and all that, earnings could save the day, they will be good for the market, everything would have to go just right. >> now it doesn't have to go just right, has go pretty much right. this is a market that has been looking past a lot of immediate near-term crises, they're looking at the long run and all long run looks awfully good. very high labor force participation, extreme shortage of labor, very good business climate coming out of the white house. this is a market that i think is pricing in various short-term difficulties but saying in the long run things look good. as you correctly point out the grounds will come out and they're expecting good bank earnings. it will be mixed.

the market is obsessed with bank earnings because they are made up largely of people who work in banks. i don't think the rally today is overdoing it at all. >> a lot of the market performance of late, since we started agitating with the chinese has been built on how that could go. the worse it looks the more likely for tariffs or heightening trade tensions and the worst for stock. is that how this plays out. >> i think we are exaggerating the effect of the tariffs on trade. this is a country, people don't realize this, of all the very large industrial countries, this is the least dependent on trade of any of the big countries. certain parts of the country are very dependent on it but in general, we are talking about magnitudes that are just not large enough to affect the stock market.

once people get the idea that even if there is a tariff dispute with china, even if tariffs go up or down or are moving around for a while, it's not going to affect very much the prices of what you're paying at the grocery store or the appliance store or online. it just isn't. the newspapers are making, i guess there are no newspapers anymore but the media is making too much of a big deal. the magnitude just are not big enough to move the market as much as they been moving. >> in the past these things do have a record of getting out of hand. i know you personally covered the movement. >> that started with about 20 items and finished with over 20000 items. i'm not saying history repeats itself, but do you worry that this could get out-of-control. >> well, the only person you'll ever meet in your entire life who had a monetary history of the united states by milton freedman was about a

2000 page book about what caused the great depression and they were part of it but only a small part of it. mostly had to do with faulty monetary policy so i don't think we have any precedent for a trade war. a trade war causing in balancing crises in various industries, temporary crises, yes, but that's not what happened. >> understand where, from producing the president's right to do what he's doing, to expose the chinese for the cheaters they they are? >> this is a good thing for us to now. >> i don't think you should being incautious about it, but the chinese have been cheating for a long time, especially on intellectual property and i give credit to some for confronting them. i don't think he should've confronted them in the way he did but i give credit for confronting them. it's not right that we have our intellectual property ripped off without getting some compensation and they've

had this reputation forever, and let's, at this point at least shine a spotlight on it. >> you are free market guy and i think at the time. >> when richard nixon had wage and price control, when republicans veer into this sort of thing, should they? >> no, nobody should veer into it, but people should go into it delicately and firmly. there's a famous satire of james bond that would say the spies should be taken to the roof and politely but firmly shot. i don't say that in this particular case, but the chinese should be taken to the roof and said look, we are tired of being pushed around like desperate were not can be pushed around like this forever. by the way, chinese would say okay, then you can't manufacture our stuff anywhere. look, we can manufacture anything we want in taiwan or thailand. china is not the only high-tech manufacturing center in the world. they are vulnerable too. they need us too.

>> the present claims they need us a lot more than we need them. >> they need us very badly. their economy is strong but they have tremendous debt overhang, they need to keep exporting, and if we are strong with them i think they will play ball with us. >> you don't think this trade thing is any big deal. >> i think it's a big deal, it's definitely a big deal, the markets are making it into a big deal, but a year from now i don't believe in be thinking about it. >> had i known that i would not have done these fancy graphics. i didn't quite factor that in. >> you always make fun of me. >> no i don't. i am in all of you. >> you have an iq of like a brazilian.

shakeups going on, one involving a shakeup that the president desperately needed. maybe not now. more after this.

>> could there be a shakeup at the white house that might involve that fellow with the chief of staff? let's ask charlie. >> my gop sources, we have not gotten this confirmed for the white house has no comment on this, but this is what we are getting from a growing course of gop sources, lobbyists, aides and congressional people that congressman and congresswomen who are saying that kelly right at least the word they are hearing from their sources is the general kelly could lead the white house by this summer that is growing tensions between he and the president despite the fact that the president has termed his fake news that these tensions are real and that he could leave by the

summer. here's the interesting thing from the same sources, they don't believe trump is going to announce a replacement for him for the word that they are getting from people inside the white house is that trump will go at it alone with no chief of staff if and when kelly leaves, and i will say this, if that does happen, that's a scenario that hasn't been done since lyndon johnson was president where he did, he had de facto aids that were advisors but he had no official chief of staff. that was the last president have no official chief of staff. i don't think kennedy did either. john f. kennedy relied on his attorney general as his de facto chief of staff but he did not have an official one. that is what we are getting from washington, that this viewed or this tension between general kellyanne donald trump is real and the timetable is that kelly will be gone by the summer. the interesting twist is that all the word there hearing from the white house is that trump is telling people he

probably won't have a chief of staff. he will have eight chiefs of staff, his cabinet who all report to him. obviously this is a very volatile and fickle president, nothing is set in stone until it set in stone, for all i know general kelly will be here a year from now. i will point out if he makes it to july that will be one year on the job. that will be one year when he was appointed. at the end of the week when he came in in july and he promptly, his first official action was firing anthony scare michie after just ten days. anyway, that's what were hearing. >> real quickly, the president and these people have been trying to say that numbers are starting to percolate. you buy that? >> i don't know if that's the reason for the reason his

numbers are percolating is because his policies, the tax cuts and the deregulation have been really good for the economy. i think people are seeing that in their wages. if you look at wage growth, it's getting better. this is a pretty strong economy. i know he had been starting on before. minus the trade stuff, this is a strong economy and people are feeling it in the paycheck. i think that's more the reason. one thing we should point out about general kelly, he kept a degree of order in that white house. donald trump does not like order. >> when you're the boss camilo ross. >> troops are coming to the border. arizona formers governor says about time this wi-fi is fast.

i know! i know! i know! i know! when did brian move back in? brian's back? he doesn't get my room. he's only going to be here for like a week. like a month, tops. oh boy. wi-fi fast enough for the whole family is simple, easy, awesome. in many cultures, young men would stay with their families until their 40's.

>> we are putting the national guard and military at the borde border, we are beefing up the border patrol who has done a fantastic job, ice has done a fantastic job, and we will take care of that situation. we need a wall. whether you are republican or democrat, we need a wall. >> a number of governors in the area agree, arizona is the latest to apply 225 national guard members from their state to the border, oregon,

montana, california are holding off on this. the former arizona governor, good to have you back. not everyone participating. maybe you can educate the governor on the process here. does the president you ask or does it just assumed that all states in the area of participation were all states everywhere participate. >> think that most governors would respond to the federal authority that the federal government has in regard to our borders, and when present trump took real steps to secure our border and called on the governor's to enact the national guard, that one would think they all would respond likewise. we all know, as governors, we are a sovereign country and we need our border security.

it's very disappointing to hear that there are governors that will stand down, they also took an oath to uphold the safety of their citizens and they are not doing that. it's quite disturbing to think that that's the way they would treat their constituency. it's wrong and they just sit there, sitting on their hands, doing absolutely nothing. it's important and it's great that he has done that. we will get relief. president trump is delivering on his campaign promises and i think overwhelmingly people on both sides of the aisle are very supportive of it. >> well, not everybody. in the case of oregon and montana in california, i do wonder when president obama had committed troops to the border, i don't know what the impetus was at the time. maybe you can educate me. you did produce troops at the

time so it does beg the question what's the difference here. >> when president obama deployed that the troops be sent to the border, it really makes a big difference. the fact of the matter is we need more boots on the ground and to help the border patrol. they come in as supplemental body and they can do jobs with the binoculars and notify the border patrol and therefore we are catching a lot more than what we do when we don't have the boots on the border. we get all the data which is surprising to me, we base it on those who are apprehended. it's not just immigrants that are coming up here for a better life.

the little bit and a lot of people who are coming here for no good. we shouldn't have to tolerate it. this is america and are order needs to be secured. it's not just arizona. try to go mexico. you can't get in. >> will see. that is the first of what could be up to 4000 troops making our way to the border. in the meantime, as the governor and i were speaking, among some of the latest developments that allow them to acquire monsanto. this is a deal that was supposed to be in doubt. you can see that deals are not dead, the government isn't necessarily predisposed to having them but that provided the latest that we will avoid

a trade war with the chinese. we are about 12 hours away from the speech of the chinese premier. they might telegraph some concessions who has been quite supportive of the chinese premier saying he's a good guy and a friend but i feel very strongly on this issue that we have a legitimate beef with the chinese and there's growing optimism that the chinese will do something to ease that beef. beef is actually part of it. i digress. we are up about 430 points. e ab. you know, it's made me think, i'm closer to my retirement days than i am my college days. hm. i'm thinking... will i have enough? should i change something? well, you're asking the right questions. i just want to know, am i gonna be okay? i know people who specialize in "am i going to be okay." i like that. you may need glasses though. yeah.

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neil: trade deal looks like it is possible. stocks look like they're running to reverse most of friday's losses. trish regan. you figure it out. trish: i just like when it goes up. neil: there you go. trish: thanks so much, neil. breaking everyone, stocks bouncing back big time from last week's selloff as the president softens his tone towards china and white house officials express confidence that both sides will get to a deal here before things escalate into an all-out trade war. this is what we tried to caution everybody last week. sometimes the market gets ahead of itself. i'm trish regan. welcome to "the intelligence report." negotiations between the two largest economies has investors cheering big time right now. that doesn't mean the administration will let china off the hook. the president is insisting any deal with china must be fair, must be fair to us, the united states. china has been