coastline and interior. he thinks the federal government is going to pay. president trump says, no, we're not going to pay because you're not putting them on the border. liz: what a fight. stuart: here we go for a fight. good stuff. thank you, lizze. my time is up. neil cavuto, it is yours. neil: thank you very much, stuart. a couple of things we're keeping on top of the president is getting ready for key west, florida, event. you might want to make note what is happening to the economy. sign that is it is percolating. that would normally be good news but in this upside down world where american express comes out and never seen the consumer this strong in years. that is quickly interpreted that the federal reserve would have to be poised to start hiking rates more aggressively than earlier thought. 10-year note which is benchmark for some lending instruments, mortgages and the like, car loans and the like, 2.93%. this is itching to get to that

3%. so you have that battle royale going on right now between a strong economy, what it means for most of us and a full employment situation, what it means to these guys anticipating further rate hikes to come. happy to have all of you with us. let's get to my resident geniuses, my buddy, making money host charles payne and foxnews.com columnist liz peek. liz, we'll go through some of the more prominent ones today, philadelphia fed, a host of other surveys, consumer sentiment surveys, housing-related data if this is a slow economy it has any way of showing it here. i'm wondering if the markets are having money with that and pros and cons with that? >> i think it's a booming economy. the amount of negativity in reporting of a booming economy -- neil: it is weird. >> earnings coming through up 20% or even more for the first quarter. that's what is driving the

market. the days we're up people are excited about the earnings growth. at the end of the day that is the most important thing. there is no question there are some headwinds. you mentioned rising interest rates. the reason the 10-year is up so much is kind of a good news, bad year, people were selling treasuries which is sort of a safe asset we would have greater trade war and problems with north korea. now they're buying back into the stock market because earnings are exploding. it is really hard to find a happy place for investors. at the end of the day the economy matters more than anything. neil: good news should be good news. >> absolutely. neil: charles, what happens when we hit 3%, it will happen on the 10-year note? you and i can remember much higher rates. i'm not saying we're old but we're old. you could say to liz's great point good news but how are people wrestling with it? >> you know i guess we're in this period where there is initial hype, hysteria, someone

yelling fire in crowded theater atmosphere, seems comes with almost anything that happens in the economy and with the market. sometimes things that don't happen in the economy and the market. i would think the markets would get used to it. i would think smart folks would not be sellers. neil: if investors looking at 3% freaking out, not that either of you would, what would you tell them? >> i would hope they wouldn't be freaking out. say, hold on. the worst thing you can do, if you really are afraid, just hold, if you are really emboldened, you are smart and a bun. of panic, buy. that is what i would be doing, buy. >> stocks could participate in higher inflation rate environment if part of the inflation popping up a little bit is from energy, for example. from the beginning of the year we're talking about how energy stocks are looking to be pretty good in this market. neil: oil is on fire. >> there is a lot of reason -- neil: by the way what is driving

that? >> well there is concerns if we get out of the iran deal for example, you will take 3 or 400,000-barrels of oil out of iran, sideline that production. neil: right. >> venezuela is sort of a question mark. there is an article we're producing so much oil that the pipeline network is being besieged. so, it is not a straightforward thing. there is always speculation in that market. basically sup is ply and demand are in pretty good shape in the oil market. >> inventories have generally been coming down. to that point oil stocks have been down. oil has gone up. oil stocks are down. you have a huge opportunity there for these stocks just to catch up with the kind of move oil itself has made. we've been talking about that. it is an investment even without this. but some of the stuff on the commodity side, for instance, alcoa was a big winner at the open. the stock is edging lower on scuttlebutt that russia may

nationalize their aluminum-maker. a lot of this doesn't have to do with supply and demand. people have to be careful. the fed will make a big mistake when they overestimate or underestimate the consumer. the consumer lived through the great recession. savings rates, every time they get low, they go up to a certain point. people are doing that on their own. they get a little nervous and jittery. debit is being used and credit is catching up. households are a lot smarter. i hope the fed doesn't interfear. that will be key. john williams incoming fed chief, he expect the inflation to be a little hotter for a while, that the fed is okay with that. that has been their goal and their target for many, many years. neil: what is a little higher? >> i'm not sure what it is but i think what he is trying to say to the market don't anticipate the fed derailing the economy as it is really building up some

momentum. neil: liz on the tax thing and what republicans are pushing bringing to the polls in november are you surprised they're not getting more bang with the buck with it? "wall street journal" that peeked out just under half of americans liking it but what is going on there? what do we believe? these polls missed a lot going on in 2016 i grant but what is growing on? >> democrats snatched the messaging out of the defeat of the tax cuts and talked about how it was tilted towards wealthy and business sector. republicans have done a bad job selling this thing. i think they need to explain to people that cutting taxes on corporations is good news because it has already led to a 6% bounce in capital spending by the corporate sector in december. neil: why isn't that getting out? >> it's a little too complicated. neil: people can see a pickup in economic activity. you don't have to feel it is going gangbusters. you have to feel it.

>> anecdotally, you drive up to the strip mall, there are a few help-wanted signs out there that weren't there six months ago. average person knows. when democrats say things, sounds almost nonsensical. only 54 million americans have 401(k)s. that is a lot of people. neil: how much is the president playing into this the good and the bad? as a messenger he is very effective reminding people, championing tax cuts, these other distrack shuns? >> i would like to see him do more of the champion. i would like him to champion every single day. i like the roundtables, average people tell you how we will help my family. i will put the daughter through college. neil: it does personalize it. >> i went through it every single day, every single day. no matter what side of the aisle you're on -- neil: tweeting about mueller or james comey? >> not to the degree that the president does but i will tell i think his tweets have calmed down a lot. listen, he avoided the stormy daniels bait for a long time.

and -- neil: not completely. >> not completely but he avoided it enough for the mainstream media. media kept saying too much, now they're saying how come he is not tweeting? >> they know how to provoke him. neil: age tating. we were chatting with senate majority leader mitch mcconnell he was telling republicans, man, oh, man, if you can not sell the tax cut you've got problems. take a look. >> i don't think it's a hard sell at all. neil: apparently it is right? because it's still not polling well. it is better than it did initially but under half of americans polled still think it was a mistake. >> we're asking this discussion with the american people but in the end i think particularly on senate side, states like montana, north dakota, indiana, new jersey, where we have competitive races i think it's a pretty good argument to make we allowed you to keep more of your hard-earned money than sending

it to washington. neil: maybe that will be the argument wins out. there is a move afoot for republicans to make the individual tax cuts permanent. they are not right now, in order to get this through some of the parliamentary idiosyncracies of the senate way beyond my comprehension. they were able to make make the corporate ones permanent. not individual ones. here to weigh in, south dakota senator john thune. good to see you. >> always good to see you, neil. neil: what about making them permanent, i don't understand and if this is the real case, mitch mcconnell is leery of doing that, that it might help some democratic senators who voted against the first tax cut to vote for this and actually help that are prospects in the senate. i think that was the gist of it. how do you feel about that. >> it is not a question of if, neil, it is a question of when. we have some time. individual tax cuts don't expire for eight years. we'll have opportunities to do

that what the leader is suggesting, we want to make sure there are 60 votes in the united states senate. democrats will deliver enough votes in order for it to pass, to not give us enough votes to be short of passing but give more vulnerable members an opportunity to try to get well when think voted against the tax cuts last fall. so, you know, it is going to get done haven'tly. the question is when, not if. that will be an issue ultimately that will be decided by our leader in consultation with our members and hopefully enough democrats to get us to the 60 votes. neil: when i was in your fine city a couple days ago, senator, i got a sense from some of your republican colleagues in the house that they don't understand you, not you specifically, the senate period and, what they consider to be resistance on the part of mitch mcconnell and others, maybe it is the profits ses, the way it works. and they're frustrated. they feel that they're making great inroads but they're stymied, and that the senate the

way it works, filibuster thing, stops progress and will kill republicans. what do you say? >> well, it is an age-old view in the house. i was a member of the house for three terms. when i was a member about house we thought the senate was killing all our good bills. obviously the senate works, functions very differently from the house. takes 60 votes to do anything. we have to have certain number of democrats to vote with us. rules of the senate allow one individual to drag out debate almost indefinitely if they want to. neil: what they're saying to man or woman is that, you have that great achievement, whether people consider great achievement or not, it was a landmark move. they're troubled by the fact that americans aren't more impressed with what you did. maybe because some are not getting as much or the way it has been portrayed is disproportionnally in companies hands or the riches' hands.

what is going on here. are you surprised not follow through and positive sentiment, maybe it is the poll and they were wrong in 2016 is, are you worried? >> i'm not worried, when people vote on pocketbook issues, they vote on the economy, am i better off today than i was two years ago or four years ago. they will have more money in their paychecks. they're obviously, they're 500 companies who as a result of the tax cuts already announced bonuses, pay increases, benefit increases. those are you a things that are going to benefit individual workers in the long run. in addition to what i think will happen is a second wave. that is, expansion by businesses which will create better-paying jobs and raise wages. if you look at the economy right now, neil, you alluded to it earlier, there are really good things going on out there, a lot has to do with policies pro-growth. it is tax cuts and tax reform, it is regulatory reform. a lot of changes that this president working with this congress has done leading us to

the point where we have the robust growth. we're starting to see jobs come back and wages come back. i think that is only going to continue. sure, people maybe at the moment haven't realized the full effect of the tax cuts or perhaps even realize that they're not paying close attention to their payroll with holding that they're benefiting way they are. if you look at $73,000 family of four annual income, they will get a $2,000 tax cut. if you're a single parent with one child at $41,000, you will get a $1300 tax cut. that is immediate dollars into your pocket. you keep more of your hard-earned money and -- irk the reason why i ask, a lot of people don't get pay stubs per se. their checks are automatically deposited. >> right. neil: are they aware of it and to your consternation they are and don't feel that they are impressed by it or what? >> part of it is a combination of all of the above but i do think once they -- when they start thinking who they will

vote for in november in 2018 it always comes back to, look how people vote historically in this country, pocketbook issues, kitchen table issues. it is whether or not i'm better off economically than i was a few years ago in the last election. i think in this case you will have people who are realizing i got more money in my pocket, the economy is growing and expanding at a faster rate, there are more job opportunities available to me out there and higher wages. i ultimately think again, sometimes takes a while for these big reforms, this is pretty significant change in tax policy to work itector, semiconr arena. nvidia was caught up in that, intel was caught up in that, then a lot of folks that use that proxy for demand what that would be, apple fell as well. technology sector going along with the swoon. how long this lasts is anyone's guess right now. market are the pouncing on this in a way might be disproportionate to the problem. pour after slowdown issue in the

case of taiwan semiconductor. in the industry, a bellwether event. we're on it and president of the united states in key west, florida today after this. it's great to finally meet you. your parents have been talking about you for years. they're all about me saving for a house, or starting a college fund for my son. actually, i want to know what you're thinking. knowing that the most important goals are yours, is how edward jones makes sense of investing.

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fruitful we're not going to go. if the meeting when i'm there is not fruitful, i will respectfully leave the meeting. neil: i was thinking that through when i heard that from the president, north korean negotiations are not going well he is just getting tired of it he up and leaves, just leaves. what would happen and what would prompt that? let's get the read from the center for national interest director defense studies. a lot of that was for effect, harry, but you know, these things can be quite layered and involved and all of that. i mean how did you read what the president was saying and how quickly he would bolt if he looked like it was not promising because these things in history they go on and on? >> neil, it was a warning to kim jong-un to be frank with you. you can pick up a history book and understand in five minutes

that north koreans are liars, cheats, drug dealers. they kill their own people. there are 25 million people essentially in a guy ant prison cam. that is country that doesn't engender a lot of trust. president says we would like to create a deal with you, don't trick us. if you trick us -- neil: how would know that harry? i can understand what he is saying, his father, the dictator's father was that way, grandfather was correct on all accounts, this, mr. president we want to do that, they commit to that verbally, is the president concerned they might not even verbally commit to that and that would prompt him to leave because it is always in the is implementation of a agreement right? >> modern-day summits, presidents get together and figures out an agreement on the fly, those don't have anymore.

pompeo went to north korea to see what the north koreans are willing to get up. the only way trump goes to mongolia or sweden, if north koreans put out a road map that is very firm on denuclearization. one important thing has to happen, neil. the north koreans have to agree to intrusive is inspections. the international inspectors have to go anywhere in north korea at anytime. that means kim jong-un's palace, military bases, hairstylist salons, you name it. whatever it is. neil: leave the hair alone, young man, leave the hair alone. they would have to do that. they need the money, obviously to broker a sit-down with the president they obviously want this more than donald trump. i am intrigued by this, i will just walk out of there because they would have to agree, i think you're right with pompeo there they're agreeing to the points what they are going to pursue and, what is the president waiting to hear or maybe fear that he is not going to hear?

>> i think, neil, the thing that the president needs to hear that is what is kim jong-un want? because look, the north koreans offered to denuclearize countless times. neil: absolutely. >> they made lots of promises through the last 50 or 60 years but what do they want? their list will be massive. maybe they have a dr. evil moment want $100 billion. we don't know what they want. the north koreans haven't put it on the table. we're getting very excited, probably for nothing. i think what their strategy to pull us in as far as they can and drop the hammer on us with expectations and demands that we simply just can't meet. neil: interesting. harry, thank you very much. cultural references priceless as are you. thank you, my friend. >> thank you. neil: mean time remember when i accidentally stumbled upon this talking to mitch mcconnell the senate boss, over the president, remember the famous moment he pointed to $1.3 trillion spending measure, senate and house agreed to, republicans

democrats, sign of off on, i will never do this again, i can't believe what i'm seeing, did it for the military. mitch mcconnell was offended big time, because the president essentially and his people knew what was in there. throwing republicans and mitch mcconnell to the point under the bus was not appreciated. the back and forth on that with herman cain, after this.

neil: all right. the trial that never ends, randall stevenson, the big cheese in this proposed combination right now with time warner, taking the stand. going to hear questions. government prosecutors have been losing their steam in this battle, whether this merger could be allowed. the government is against it but

stephenson is arguing there is no antitrust concerns here, there are no competitive concerns here. one area, this combined company would be prohibitive juggernaut here. that others can't compete with. he is the guy that orchestrated this deal. he will be closely scrutinized and probably aggressively questioned but again from a lot of people we talk to it is looking increasingly likely that this merger ultimately will go through and pass regulatory muster and a government okay. we'll watch it though because things can change. meanwhile oil right now is getting oh so close to $70 a barrel here. would you have to go back more than three years for levels like that. what's going on, how long could this continue, what's driving it? let's go to jeff flock in a refinery in illinois. sir? >> it will be a cold day in april when oil hits $70, neil. i'll tell you, today is a cold day in april. always cold in april in chicago.

it got close to over 69 but pulled back a little bit. the impact on gas price it continues to go. take a look at numbers, can he were 2.74. up 20 cents in the last month, about 30 cents or more in the last year and more on the way because of oil. as we said it pulled back a little bit, now down below $69 a barrel, but you know for the guys that said we were at 30 or $40 a barrel for next foreseeable future, well the foreseeable future is here. well, why? multiple reasons. obviously syria, iran sanctions, all of that stuff, demand up. then venezuela. the reason i'm standing in the cold out in front of the lamont citgo refinery outside of chicago because venezuela owns this refinery. it is venezuelan crude comes to

the refinery. it is cooking but according to flats, venezuelan production is down as a result of rest -- plats. down to 1.57 million barrels per day. that is the lowest since they began keeping records. some people say it is the lowest since 1940s. some people think permian basin will make for that, shale production, that is booming and they continue to boom. "wall street journal" had a piece yesterday, saying don't be -- be careful about that. still that oil as phil pointed out to us yesterday, that sweet light crude down do as well as this heavy crude distilling stuff like diesel that sort of thing. so it's a complicated business, this oil business but right now it is a good time to be in oil. neil: you know what is remarkable about it too? you know oil runs up within

nanosecond of gas and it feeds this cynical view, a lot of people have. when it foes down there is a little bit of a lag. >> funny how that works, isn't it? that is always the case. ty explained one point why it was. it sounded like bs when he said it. i can't remember what the reason is. neil: he made it up. he was the one, e-mailed, to say you're not even outside. you're in front of a green screen. i argued with him. >> he is -- neil: i don't want to start a fight. >> i can tell you, thanks, jeff flock. i guess outside. we'll see. meantime outside or inside this is real what you're looking at here, interest rates backing up to 2.93%. we got a little shy of 2.95% on the 10-year note, just itching for 3%. whether that is level people say that's it, i want safety of treasury notes and bonds backed

by uncle sam because 3% guaranteed by the u.s. government is better than pot luck right now in the stock market? read from "wall street journal" global economics editor jon hilsenrath. jon, what would happen if we get to that, 3%? a lot based on the strong news and other economic developmentses, normally stuff people would welcome but would this also hasten a move from stocks to bonds? it would be bad for stocks? >> well i think one of the things that we're seeing this week people, because earnings numbers have been pretty strong, people are moving out of bonds into stocks and that is pushing the yields up. i think rising yields in this environment ought to be seen as a positive sign, a sign from the market that investors think the economy is improving, that inflation after running below 2% for several years now is finally getting up to the federal reserve's target. so i think it is a really a vote of confidence in the economy. you know. that is not to say there won't

be some negatives. so one of the things that happens when rates rise is, that mortgage refinancings decline, and you know, it puts a hit on the housing market. so, i mean there will be some effects from that. but all in all, i think it's a vote of confidence for the economy. neil: peter lynch, the great investor said sometimes you have to see good news for what it is, good news. >> right. neil: there are threats and offsets, as you said, higher rates and the rest but in housing we have not seen that impact in dramatic way. hope prices for example, in and out of multiyear highs. what do you think is going on? >> housing inventories are really tight. after the building boom of the mid 2,000s, there was just a collapse in building and we're still catching up to that. so we see inventories at exceptionally low levels and that is putting upward pressure on prices. prices on inflation adjusted

level are not back to where they were during the boom. there is room to run on that front. one. things i would say about interest rates, there are segments that you have going on right now relate to each other. you were talking about $70 a barrel oil. i think that is one of the other reasons why interest rates are rising right now. because we're seeing oil prices go up. those two markets tend to move in tandem. neil: they are certainly today at this point. that is food observation, jon, thanks for having you. >> grade to be here,. neil: we're keeping eye on semiconductor sector, what is happening with taiwan semiconductor. by the way taiwan semiconductor was not saying awful things. they saw for casts where things were moving along, not double digit increases but single-digit increases. people pounced on that as a slowdown from prior level. immediately went to nvidia, and

semiconductor indexes etfs that appeal to them. including people that use this stuff like apple also down. we'll have more after this. as a control enthusiast,

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>> we had an agreement with the democrats. neil: what he said came out -- >> can't make an agreement one month and say oh, we really didn't mean it. come back the next month, we really didn't mean our agreement. neil: has his shock legitimate when he claimed he was stunned by what was in there? >> well he may have been but he and his people were involved in the negotiation. they agreed to it and he signed the bill. neil: oh, no, he didn't. yes he did. that was mitch mcconnell finally responding and feeling a little bit affronted by president of the united states. remember the famous moment with the $1.3 trillion spending measure saying he was shocked by this, the last time he was going to do something like this. to mitch mcconnell's memory he knew or at least his people knew what was in that. and that rescinding it now or cutting a lot of it now, a little late for that.

but some big guns have been talking to her liz claman about all of these developments including on this one, treasury secretary of the united states. hey,. liz: >> neil, exactly, rescinding, recision. that word we're learning. we came from the international monetary fund spring meetings in washington, d.c. where secretaries an finance ministers from all over the world come for seasonal assessment and assessment of global trade and debt is this. global debt is worse than before the financial crisis if you can imagine that. the number? $460 trillion. in my exclusive one-on-one with treasury secretary steve mnuchin i asked him about the u.s. piece of that pie, $21 trillion and growing. and considering the administration paired the $1.1 million tax cut and the $1.3 million budget the president reluctantly signed, i asked mr. mnuchin is there anything can do since senate

leader mitch mcconnell told you this week that he has no taste for that a deal is a deal? >> having the president, having some mechanism that the president isn't just handed a giant take it or leave it deal is important. and we've talked about the line-item veto. the line-item veto doesn't work knits own construct but there are other ways of making it work where the president can withhold certain spending, send it back to congress for up-or-down vote that has a similar impact that would be constitutional. >> what would that mechanism be? we don't know but as we watch the debt balloon and deficit widen, one trillion dollars by 2020 according to the congressional budget office, imf chief christine laggard told me today, broken and bruised trade deals are not helping at all. >> what i'm concerned about is that with talks about trade

threats or trade threats implementation we're going to dent what is precious good in the economy which is trust. which is the confidence that entrepreneurs be that decisionmakers have in a system that determines supply chain, that determines the trading relationships, that determines the tariffs that they pay. if that happens, they are going to say, okay, let's delay our investment. we'll see how it goes. we don't need that now. >> christine lagarde is very bullish on the u.s. economy. they have just raised their projection to 2.9% growth but she says tariffs, forced price hikes make consumers around the world poorer. 3:00 p.m. eastern on the "claman countdown" more with lagarde. neil, a interesting discussion i had with secretary mnuchin, who decided to back down on the russian sanctions that u.n. ambassador nikki haley promised would be announced monday. we saw they were not announced

monday and now they are off the table. neil: teasing me here. liz, thank you very much. great job. looking forward to it. liz claman getting big guns in washington, d.c. we have big guns here. herman cain, presidential candidate, worked 20 years in fast-food, never gained a pound. that is a little suspicious. herman, there is obviously a communication issue i actually stumbled into when i was talking to mitch mcconnell and to liz's point about this rescinding effort the president will have with the $1.3 trillion spending plan of the president hated it but mcconnell saying he knew all about it, his people knew all about it. so i think he was trying to tell me in polite terms like he and others in congress were thrown under the bus on this. what do you make of the whole drama? >> i don't think they were thrown under the bus and i fully believe that mitch mcconnell knew that the president didn't like a lot of that omnibus

budget bill. here is the other thing that is at play here. president haste number one priority was properly funding the military. he has to swallow some bitter pills in order to get that done. neil: right. >> secondly, people need to keep in mind, we have a slim majority in the senate if anything. therefore the president and senators didn't have a lot of leverage. when the democrats put a gun to their head, in order to put a lot of the stuff in there that they wanted. now, message is, you got to elect more republicans in november, in the senate and you have to hold control house of representatives. here is the other thing going on about recession. that is the tool he will attempt to use. he will get a lot of pushback. you have 435 representatives, neil, 100 senators, everyone of

them has a favorite pet project. this is what the president is up against. and so whereas i believe as larry kudlow believes, the economy growing at 3%, that will be 3 1/2 trillion dollars over 10 years. revenues will go up, businesses make more money. then you have to gradually work on trimming the fat. that is what is happening. neil: are you surprised its not showing up with polls. you and i talked about this polls can be very wrong. they were wrong in 2016. republicans are frustrated. this is what i heard down in washington, they're not getting more praise for the tax cut and fact so many have been able to take advantage of it. the rap you hear from democrats disproportionately to companies and rich guys. be that as it may, tax cuts have much more positive follow through, these still might, herman. >> right. neil: are you surprised at this point, again, murky though the

data is, they're not? >> the reason that they are not more positive toward republicans is because there is this mechanism called the liberal media which parrots everything the democrats say whether it is wrong or right. when they are constantly saying that the tax cuts were a mistake this is what 50% of the people are hearing because people who get any news at all, they get it on the nightly news or the major networks. so they are hearing all this negative news. and they are drowning out the fact -- neil: tax cuts were criticized by the media at the time, they were so big, criticized by conservative organizations or deemed to be like "wall street journal." people saw it, felt it enough, what are these guys talking about? this is hunky-dory for me. that is what is coming up here, whether americans are seeing the benefit, some said it could be a lot of people don't have pay stubs anymore. their checks are directly

deposited, don't know the details, don't see it readily. i don't know if i buy that. >> right. neil: surely there has to be more follow through? >> it has to become part of the republican messaging. republicans at all level, the rnc, individual members of the house and senate have to turn up the positive rhetoric to remind people of all of the positive results. that frustrates me too as a radio talk show host, neil. that is, i find myself constantly reminding people of these positive results, to offset all of the negative stuff in many cases is just flat-out false, that the democrats and liberals are putting out there. i think there's still time but they're going to have to turn up positive rhetoric about the results. neil: not too good at marketing thing. >> not yet. neil: always good to see you, herman cain. what if i told you that the midterms are one thing but the

next presidential election, well that is quite another. what if i told you that there are going to be a record number of democrats running for president of united states. what if i told you at least 7,000 democrats will run for president? are you paying attention? i exaggerate a little bit. but not much. after this. it took guts to start my business.

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neil: all right. we're still focused on the midterms we forget usually within an hour after the votes are in we're already seeing candidates declaring for president in 2020 and right now that could be a very, very long list, maybe a record long list. charlie gasparino has been talking to a lot of folks as he always does and has some pretty good stuff. >> you talk to a lot of democratic financiers, guys on wall street, they're being bombarded with fund-raising requests. nominally fund-raising requests from people like kamala harris, joe biden, he had a fund-raiser at some rich guy's house in manhattan, you name it, cory booker, whatever, anomaly it is all about let's raise money so democrats can take control of the house or the senate. there is a subtext to all the conversations with these megadonors and financiers. a lot of democratic financiers

who are billionaires, i can rattle them off, you know, jim chanos, mark lazari. i don't think robert wolff is a billionaire but he has bucks. they work on wall street. neil: they're all connected. >> yeah. raise money for my pac to help democrats get congress but i'm thinking of running for president. my pac, the fund-raising apparatus of the pac, the names, lists, you name it, that is going to be the springboard for me if i run for president in 2020. what these folks are telling me, what you have is a mirror image what the republicans had leading up to the 2016 election. an extremely crowded field of about 15 people that could possibly be in this. the names, and i'm just throwing a few out there, kamala harris, california senator, you know her. ohio congressman tim ryan. a moderate. tried to get rid of pelosi.

he is shaking the trees for pac money. joe biden as i said did another fund-raiser last night. neil: most well-known? >> terry mcauliffe i understand. cory booker i don't know if he is raising money for a pac but clearly a potential candidate in 2020. what they're worried about, financiers i'm talking about, megadonors, you get a crowded field and you get a candidate with that's very narrow, has a very strong base support like a bernie sanders, or a elizabeth warren but does not represent the country, does not have a broader populist appeal. donald trump won, it was an amazing victory. he won very narrowly in the electoral college he basically stitched together five or six states by a few votes. lost by very wide margin in the popular vote. it is hard to replicate that. they're worried if we get a trump-like candidate we'll not beat a real trump. the other thing that worries

them, this is kind of interesting, when they talk to these folks, when they veer away from taking a back the house and senate to 2020, they're saying the financiers are saying why do you want to win? what comes back all the time is not, here is how i think we should run foreign policy, here is how we do the domestic, change the tack code back where it was. mostly about what a bad guy trump is. their unifying message how much they hate trump. financiers are mostly moderate democrats. they're not far lefties but they do have a social conscience. they believe that without a more of a message, not just hate trump, you can win. that is that's where we are. there is very interesting story. i think it will shake out more in the weeks and months to come but we're seeing what went on with the republicans happening with the dems. neil: it will be crowded no matter how you slice it. thank you, charlie gasparino. wonder what karl rove thinks of

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>> the top of the hour, the president getting ready to speak in key west florida. opioids will be on his mind but other things could and probably will come up including north and south korea and trying to end a multi- decade state of war and setting the stage for his own talks with the military leader. if it doesn't look promising he said he will walk out on them. with us now is the former

deputy chief of staff. your column in the wall street journal on barbara bush brought me too tears. it was very well written. to a man or woman who has known her or talked about her, the same tough as nails woman comes through loud and clear. >> what a remarkable woman. i got a very funny e-mail from her son marvin. he was reading to her in the hospital last monday and he read, he was reading out loud and she was lying there with her eyes closed and became very quiet and he stopped reading and she remained quiet and he was worried he just witnessed her passing and he felt her pulse like he sees on television shows and without opening her eyes she said martin, you and i can get rid of me that easily.

[laughter] i e-mailed them back and i could just hear her voice. nice try marvin, but you not going to get rid of me that easily. i know we always come back and talk about the first lady and how influenced they are influencing their husband and policies, did you ever see evidence, i know you are much more with the sun, but did you see evidence where she actually influenced policy or pushed her husband in a direction that he might not have gone in or anything like that. >> the famous one i touched on in my column, aids was a scary thing and a lot of misconceptions about it. she encouraged her husband to speak out about it and went to grandma's house which was a pediatric aids facility in washington. this is a time where people thought you could catch it by

touching someone who had it. here's mrs. bush at a place with children's with aides and babies with aids and she was holding and comforting the child to say to fellow americans, this is one of god's children who needs our comfort and compassion. i met her when i was 22 and working for the senior bush for 41 and anybody who thanks she has not had an opinion over the years that she shared with her husband and her husband has taken into account is kidding themselves. this was a true partnership and if you want to get more of it, he wrote a collection of letters and in their, writing to friends or family or even to her, you can get a sense of what a true partnership this was and how much he depended upon her wise counsel. >> it was remarkable. you mentioned that george bush senior was way ahead of having a constructive response to the

aids crisis. her son was in dear to many and did a great deal to help deal with that scorch. >> tonight i will be in dallas with 43 as bono is being honored for his work in africa. this was a deep, passionate commitment. it's great compassion for an economy that was melting down. >> when my colleague was interviewing george and laura bush, it was just a side comment but it was shocking to me when laura bush said she had met with the first lady at the white house and we trace that back just a couple months into the trump presidency. there's a lot of back-and-forth and bad blood

as is always the case in campaigns in a heated race and a lot of nastiness between he and donald trump, but i was surprised at that, that laura bush quietly met with milani or, maybe talked about raising a child in the white house, how difficult that is, whatever. we don't know the details nor should we at this point, but what did you make of that? >> every president benefits if they want from the wisdom of their predecessor. i know it was enormous comfort to bush 43 not only to be able to talk to his father but also to have an open and cordial relationship with his immediate predecessor, president clinton. i think it was a magnificent gesture on her part to invite laura bush but was also great for laura bush to be able to help her think through the issues. nothing prepares you to move into the white house. to be able to talk to somebody who has lived through this and has had, in the case of laura

bush with teenage children in the white house is really important. i know they're delighted mrs. trump is coming to the celebration tomorrow at saint martin's church in houston. it's also nice of her to make time to do so. >> i don't want to belabor the issue but i'm curious, the behind-the-scenes stuff and the case of laura visiting surprised me because there was a lot of bad blood in the campaign. most of the candidates who ran against him made amends. jeb bush and the ill will still seems to persist between them, but give it time? what you think. >> donald trump is made clear his opinions and he believes

everybody is entitled to their opinion george w. bush was accused of lying deliberately about iraq and set in 2007 he was very happy with her performance except she hadn't done enough to impeach george w. bush. those are sort of hard things. i know president bush, his attitude is that i've had my time in the public sphere and i gave it my best and he doesn't pay attention to that kind of stuff. others, maybe like people like me do, but he has this enormous ability to get past and present trump wants to pick up the phone call him i'm sure he would respond but he knows he's out of the flow of the information and just like his dad was reluctant to offer

up opinions without having access to the information, he is reluctant to do that. let's let the man a job, he's got enough on his shoulders, no need to jump in and be calling things from the sidelines. >> i don't know if you heard charlie before talking about the conga line lining up to run for president. this could rival my italy where you have 700 guys running at once, but it can be close. do you know what the record is and what were looking at in 2020. >> the formal record is the republicans in 2016 was 17, but i bet there end up being more people filing to run for the democratic nomination and not. it's going to be a different kind of format because california, kamala harris has gotten california to move

early. we been used iowa and new hampshire and south carolina that california is getting into the process early. >> a compiler very quickly. >> so could eric garcetti who otherwise might not be a player. there's going to be 10000 different changes in this. the delegation rules are going to change with regard to superdelegates and so forth. the ability to raise money and get a winning message will be really critical. there's nobody else to will be able to run the kind of campaign that he ran with no organization and a ragtag

group flying around and dominating via twitter and social media. when i sure that's going to be replicable. >> right now shows he is the front runner. the question is did the democrats choose somebody who is bernie sanders hard left or are they going to choose summary who is more toward the center of the american politics or at least appears to be more close to the center of american politics like joe biden. who that will be is anybody's guess. it's sort of premature because we have a big election in 2018 focus on. 2020 will be a magnificent scramble that will dwarf the 17 candidates that the republicans had last time. >> very quick my producer will probably kill me but when i was talking washington a couple days ago, he had said that the tax cut is the

winning issue. if you can't sell that, with explain that, when with that you shouldn't be here. i'm paraphrasing but make that your signature issue. that could change, but what did you think. >> i think it's an important point. i do think it's starting to have an impact. republicans are talking about it and more portly people are seeing it in their business and in their paychecks. you see it in the generic ballot. in the real clear politics, democrats have a 5.5% advantage. at the beginning of january their advantage was over 13. if you look at other recent polls, washington post abc, 12 in january for the democrats, today it's for. in early march another was ten in march and now it's three for the democrats. the republicans can keep this in the low single digits that may have a good chance of keeping the house and picking up seats in the senate. >> you might have a future at

this political handicapping. i'll just throw it out there as a career idea. >> it will be fun to watch. a coin toss in the air as to who controls the to house but this trendline isn't good for democrats. >> thank you very much. the dow is at session lows. interest rates backing up and stocks taking it on the agenda the read from economist, danielle, what's going on here. >> we've not seen a lot of movement. the long end of the curve, the ten year treasury has been in a, comatose state for quite a while. we've seen a larger move up in interest rates but i think that has a market nervous and i think the market has been priced to perfection going into this particular earnings season.

we will have to see if the financials actually can produce an encore in some of the other sectors because honestly the financials blew it right out of the water, much of that due to the tax-cut. >> ryan, i know the argument is that good news can be bad news but why cannot just be good news. if there's more energy and strength in the housing arena and housing prices at multiyear highs, why can't that just be taken at face value for what it is? >> i actually think good news is good news and the markets are just in a volatile period. we have trade stuff going on, people are worried about the fed raising interest rates, there's a lot of things that people are worried about. neil, if you look back over the past nine or ten years and that's all we've seen. little worries here and the new highs. that's what i think will happen this year. >> one of the things people keep saying is always corporate profits, they are growing year-over-year, there driven by tax cuts and that is true, but if you look at sales

, 72 s&p 500 companies have reported so far and their sales are up 10.3% from a year ago. that is why interest rates are moving higher. because the economy is accelerating. i'm not looking so much at profits because they are affected by the tax cuts, it's the sales that are really booming and that's good news and that will drive stocks higher by the end of the year. >> and it certainly driving the consumer. the consumer's buying stuff, american express said as much so how much does the consumer keep this up. >> it's hard to say. the market, to brian's point has just started to price and for more rate hikes this year, inflation is becoming a very real phenomena and i think policy makers will pay close attention to that, but i would be on the lookout for the next few surveys because we've got prices at the gas pump up 14%

year-over-year and there's nothing to take the wind out of consumer sales more quickly than if people have to decide whether or not they're having dinner at applebee's or fill up the gas tank. i would be a little bit worried about household in this economy is driven by 70% of consumption. it is something to keep on our radar. >> that brings up the wildcard of the trade war and other things coming into this country, are you worried about that. >> i'm not. i'm not trying to say that trump is a genius negotiator, i'm not necessarily buying that, george bush put tariffs in, we put semi conductor tariffs under reagan, we put tariffs against canadian lumber, every three or four or five years. there's all these little skirmishes, but over the past 75 years, care centers have been coming down. there is nothing in my opinion that will stop that global

momentum. i do believe that the threats coming out of the white house right now will end up causing canada, mexico, china, everyone to cave a little bit and we will end up with lower tariffs after all of this. that's great news. lower tariffs means lower taxes. i'm not worried like danielle is about the consumer, earnings are booming, unemployment, we will go to lowe's we haven't seen since the 1970s. this economy is accelerating. a few interest interest-rate hikes won't hurt profits. >> thank you for pointing that out. danielle always good seeing you. you remember right after the syrian raid what was promised was additional sanctions on the russians. they could still be forthcoming, but they coming. the read from an apple after

this.

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near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. the sanctions that we put out on the oligarchs and the russian politicians, those had the necessary impact.

we had conversations on the overall strategy with syria. we continue to refine the strategy. we refine the strategy after nikki made that announcement. >> apparently they didn't run that by after they announced it because she was caught trying to explain how they went from sanctions on russia after the syrian attack and how they are put off the table for the time being. i stress for the time being because they might be changing. this is not the first time they have had mixed messages coming from key members. isn't necessaril necessary in your eyes to continue to punish them for this weapons

program. >> i think it's all complicated in this sanctions peace is the one to in the locker but the biggest issue is the relationship between the u.s. and the russians but they know what they want and they're more focused than we are. they're trying to reestablish themselves. vladimir putin wants to give himself a nice fat buffer around russia and want to be seen as big players again. they have but that aside and basically given him the protective umbrella. our challenges the big picture, how do you deal with these guys and it's a lot more than just a strike here or strike there or single initiative. i think we need a comprehensive strategy for

dealing with this resurgent power. >> obviously exceeds the narrative that's been out there on the mainstream press, why did the president pull his punches after the fact with the russians. what's going on there? so just to dismiss that, that cynicism, should he follow-up, should he send a clear and strong message to say no, you crossed a big line here and were not going to forget it. >> again, you have a much bigger problem in syria so i think the president felt that he needed a reactive, certainly this kind of carnage perpetrated against civilians, in keeping with what a sad done, you have to send a message but the bigger issue is where we want to go? are we going to try to solve the syria problem alone? it's not to happen anytime soon. we have to figure out a way to view the russian activities and the greater context of how russia sees themselves against the res west and against the

rest of the world. >> does it make a difference to you one way or another whether we have good personal relations or leaders, right now the bottom line is that they've hit a low or it would appear to be that and that always seems to end up being the case between an american leader and a russian leader. >> i don't know, i think the reality is if got national policy issues that we've got to deal with. the reality is also that you deal with people in the personality that's clearly in charge in russia is vladimir putin. i think he understands what he grew up in. that's being a tough guy, coming from a position of strength. it doesn't mean chest thumping each other and saying i'm tougher than you, but how you implement policies that put us in a better overall international position in them. >> you can't separate the personalities from this thing. you have to deal with them.

>> this president is getting grief from some in congress. president macron is dealing with the same thing as is britain. this always happens, but does that mean that if they were to act again, the way they did here that they would be facing this or worse? >> i think if they did this again, you've got a ticket back and look at the bigger picture and how to really get the message, but the reality is, the western nations where there's democratic organizations and structure built into the political operation of each country, and there are ways to act quickly and that's what the administration and the president chose to do in this case. the bigger picture if we involve military people, and if were tied up in things that are potentially going to get larger, gated, you certainly want to get the congress

involved because you want the american people behind it at the end of the day. >> thank you. we always enjoy having you on. remember when we were talking about mitch mcconnell and his idea to legislate or build in protection and not to fire up muller in case the president was tempted to do that, he said he's not going to do that. chuck grassley then comes along and said i'm still going to pursue this, there's a host of other republican senators who want to do this. mitch mcconnell says you're not going anywhere doing this so it's not happening. the read on that, after this. 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 ...

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>> if you ultimately have where they want this bill on the floor , then you might be able to convince the majority of the leaders. >> i think you better wait until we get the bill out of committee for that to be answered because i don't know how it's received. i have, you might think that i've had a lot of criticism on

my side for bringing it up. i haven't had a single senator talk to me. i know senators have made comments in the press but in this business you take one step at a time. neil: all right, that was a little while ago, and that was chuck grassley who runs the senate judiciary committee and of course he's still pushing a measure along with some republicans and a good number of democrats who are urging protections be built in for robert mueller in case the president up and tries to fire the guy and when i was talking to mitch mcconnell i said that's not going to happen anyway and even if you push this the president certainly wouldn't sign this to the wall street journal editorial board member so there's some divide even within some republicans how far this goes, kim but let me ask you how far does this go? >> well, look, i don't think it does get to the floor at least right now and i think mitch mcconnell has the better of this argument on two grounds. one, it's very likely that this bill is unconstitutional in that

it sets up a system of judicial review, if the president were to fire the special counsel and it also codifies into law just a regulation at the department of justice, it con strains the attorney general on the reasons that you can fire a special counsel. both of those are a huge intrusion on the president's removal power, which is pretty vast, and especially egregious given that mr. mueller is what's called an inferior officer which means he doesn't even rise to the level of having been confirm ed by the senate so the second good reason for not doing this is that even if it passed the senate it's not passing the house and the president would veto it. neil: now, by the way as you're speaking we're getting some video coming into us of the president visiting the joint inneragency task force in key west. let's listen. president trump: it's very inspirational and what we just witnessed was incredible. those coming in, i think even the media will have to say that

was something. thank you very much. neil: all right the purpose of this briefing with a lot of efforts and how the administration plans to pursue this, and tighten this up a little bit here. we're going to be monitoring this very very closely but you know that issue, kim of the wall street journal, the president had argued again that in fact teasing a lot of his critics that he's about to fire robert mueller that he didn't get any hint of that, that is what mitch mcconnell was saying and even if he did, there would be all sorts of hell to pay, right? so it would be on the president if he did something like that. >> well, also by the way if you fire robert mueller, then another special counsel will be named, and if anything, this delays and prolongs the pain for the white house because a new person would have to come in,

get up to speed, might want to take this in an entirely different direction and it could just make it go on even longer and i think the presidents been told that by practically every republican on the planet, which is another reason why this legislation especially those republicans who are pushing at clearly to provide themselves some political cover is not necessarily sariff the message that you want to get to the president is don't fire robert mueller you've already said it. neil: the president and a lot of his allies have expressed over where this investigation could be going, and his home, just like paul manafort months back at his home, and they're wondering, where is this investigation now? has it veered far afield here? what's your sense? >> yeah, i think everyone is wondering that, and you have to be a little worried. look, we are now more than a year into this, or close to, and i think a lot of people, myself

included, wanted to know the answer to the question. was there any funny business, collusion, et cetera. we seem to no longer even be talking about collusion, no one has presented any public evidence of that. there's now talking about separate ongoing things and maybe obstruction but there's big questions about whether or not you could even bring charges or should bring charges on that and we've got people dumpster diving looking for information about adult film stars which doesn't seem to be related in any way to mr. mueller's original so look i think he's got a duty to the country that if he hasn't found the main things that he was looking for with regard to what he was assigned to do, then it's time to close up shop and let the country get on with this. neil: well of course in ken starr's case that investigation went far afield as well so does seem to be the issue. >> they always do. neil: kim thank you very very much. we're at session lows the dow down about 189 points right now,

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neil: all right, now reports of a delta engine catching fire on an atlanta runway of course after that southwest incident.

we now have what's going on here christina. >> there's a lot going on that delta image you're seeing there's actually another incident with delta on tuesday where they had to abort a take off, but the big news is surrounding the engine that was in the southwest plane that did have traumatic experience in the air and have to land. this is just two days ago. what we're hearing is that within southwest the images you're seeing that is a cfm56 engine, a very very popular and common engine in over 7,000 boeing s37 jets all around the globe. very popular and what's happening right now is they're going to inspect it. in 2016 southwest airlines had an issue. they had to literally land for very similar reasons. same exact engine so the federal aviation association issued a warning saying maybe all of the airlines should inspect these specific engines. several airlines said no, we can't do that within your

allotted timeframe of 12 months. we need longer so that's the latest news coming out right now that southwest airlines went against the manufacturer and seeking additional time to inspect these engines, so again this is a cfm-56 engine used in a lot of airlines, united, delta , american airlines and it did cause a crash or an emergency landing, it had one woman who unfortunately passed away from the event due to a traumatic head trauma, essentially what happened is you had shrapnel that broke off and hit inside of the engine and hit the side of the window that crashed and then pressure caused objects to be thrown out of the window including the woman, half of her body flew out and people had to pull her back in so they are investigating and it's going to become mandatory now for these airlines to just check and do inspections regarding the specific engine. neil: all right, christina thank you very very much. what are the odds of something

like that happening. >> uh-huh. neil: that poor woman, let's look at the dow down about 149 points big technology sell-off that is also incumbents and the likes of caption despite reporting or labii oblivious to reporting 100 million prime members across the globe, deirdre bolton has more on that, jonathan hoenig as well and today there is a concern about the semiconductors and everything else jonathan sort of raining on this technology parade but amazon the more good news of developments like that the more it comes like the focus of attention to the people of oh , i don't know the president of the united states. what do you make of this? >> it's really bizarre, neil. 100 million satisfied customers, those are just amazon's prime customers that's something to be cherished, to really celebrated but instead amazon and a lot of these big-tech companies are really in the focus of regulate ors certainly the president but congress and anti-trust with the

justice department and it's really a shame neil because if they're big and powerful it's because we make them big and powerful. 100 million people and more find amazon prime and amazon a really terrific value, to criticize that is a shonda. neil: okay i like that. i did get that wrong, amazon was not caught up in the sell-off in technology so so i apologize for that so the stock is getting back again adjusting itself deirdre and it was doing so yesterday so it was a good strategy on the part of jeff bezos not to respond to the president. that doesn't mean he's out of the woods but where is this going? usually with success brings inquiries. >> [laughter] envy or inquiries, i do feel like this is jeff bezos saying okay here is our customer base, 100 million global customers, that's our market. sure, come after us. i looked this up just for fun, neil, 78% of americans decorate

christmas trees, 64% have amazon prime, 55% voted in the last presidential election, so just some fun stats as far as just the penetration and the power of this company, but as far as calls to break it up or calling it a monopoly, listen, wal-mart has a very good business, so does target. it's not the same, not all conveniences are there but both of those retailers have really tried to come up to speed. wal-mart in particular has a huge investment in technology, making it easier through an app on your phone to return anything , so i just think the arguments that amazon is a monopoly would be tough to make but it does seem if you're a shareholder you're pretty happy and seems quite unclear what's actually going to stop the company. neil: go ahead jonathan. >> neil there's historical precedence to this 1911 legislators called standard oil a monopoly even though the price of gas had fallen dramatically under rockefeller same thing with alcoa back in

1945 antitrust or even microsoft in 2000 giving their browser away for free and the government comes along with antitrust so zuckerberg and certainly jeff bezos at amazon they've made our lives better so for the president to be threatening them on the dl, i just think is in explainable. these are american companies that should be cherished not threatened. >> and neil one quick point as well. if you have food stamps for example,, amazon gives you a break at $6 a month for example, on amazon prime. they also give you a break if you're on medicare medicaid so they're trying in a way as well to appeal to a non-luxury customer. neil: all right i know there's the whole foods thing and everything else and where they're going now guys thank you both very very much the dow down about 140 points right now interest rates are a big subset of a story to all of this by the way. we have that 10 year note getting very very close to 3% here. what happens when it hits that magic moment? a lot of people think well

people look at the safety of keeping their money in bonds, low as the return is it backed by uncle sam why risk it in stocks? today not an overwhelming fear but let's say a concern. more after this.

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are you surprised that there isn't more follow through and positive sentiment and maybe it's just they would be wrong, they were wrong in 2016 but are you worried? >> and some types it takes a while for these big reforms and this is a pretty significant change in tax policy to work its way through the economy in a way that people really see the benefit from it but that's going to happen and it'll happen i think too before the november election. neil: well, he's not the only one hoping that i'm talking about john thune, of course but many republican senators or congresswoman are all saying the same thing the tax cuts and benefit of them will be felt and very very obvious certainly by election day. so far, not quite the case, but again, that could change, sometimes this takes a while if it reverberates at all it's a crucial issue for obviously the midterms, to independent voter network business and politics editor lindsay france. lindsay, depending how you look at putting stock into this wall street journal article it says that we hit a ceiling on support for this. now lost in that is that the gap

has narrowed when it comes to americans in looking at a democratic or republican control of congress, was it double-digit lead shrunk to mid-single-digits but is the tax thing the lynch pin here? republicans certainly hope so but do you see evidence of that that it is? >> i think that the tax cuts aren't going to be the center piece, the republicans originally planned on and i don't think they're going to be the center piece that the democrats hoped would sink the republicans. i think taxes are huge for the american voting public and one of the latest polls being cited recently from nbc saying that the majority of americans don't like it, actually there's a huge number 34% in that poll that didn't even know enough about it to have an opinion. neil: and i don't mind you quoting nbc news polls you're such a good guest but i let that go but the one thing i thought of and this might be crazy, pay stubs are almost a thing of the past for a lot of folks, you

know, our checks are electronically deposited, you don't see it but obviously you still would see it, i'm not stupid here but the effect isn't as immediate and i'm wondering if that's playing a part here or this is a slow motion-type of development people say i am eating out more. clearly retail and related activity has picked up so that's not happening in a vacuum i suspect the tax cuts are a big reason or is there something else going on? >> you know, i'm not sure about people spending more money because of that pay stub. i think that with tax reform we've got to take the longview and you're right that's a difficult longview to take for a lot of americans when you're trying to raise a family and it's interesting you point out that nbc poll i was using it to reference how false polls actually are. neil: then i spoke too soon lindsay go ahead. >> for a lot of americans, we want to feel it at the pay stub right away. but then we're also willing to wait a little bit and have our

eyes on other things like trade and security and immigration and so i think the democrats are really hoping to drive it home that oh, tax day came and went, are you feeling it america? it's no good for you, no one likes it but i think that thoughtful americans that are really looking at their household taxes and kitchen table issues are willing to play the long game up through the midterms when it comes to taxes. neil: you know when mitch mcconnell told me that the best thing going for them is nancy pelosi talking about rescinding the tax cut, you keep telling that to people with a little bit more in their paycheck and you talk about taking that out that is a winner for us . what did you make of that? >> well, i think that the thought of taking out of any americans paycheck any more should be a crime and i think that that would be a very wild move on part of the democrats and the democrats also need the answer to the state legislatures who have to take a long look at their income because they can't deduct federal tax and i think that the people in those areas are going to be hammering down

the democrats doors saying we need relief from state taxes because look at what the fed ram tax bill deblasio for us and i think the democrats like nancy pelosi are going to have to answer to those states as well. neil: yeah the crumbs thing could come back to bite, or not, way too early lindsay thank you very good having you. all right by the way, at&t ceo reynolds stevenson has been testifying in that big merger with time-warner calling time-warner purchase a head snap per. i don't know what that would mean because that could be very positive and it's not like it's going to be fine or a head snap per oh, my god i've lost my head in a multi-billion dollar merger bottom line he's pushing saying there's no way to stop it and the justice department says no you've gone too far here it's anti-competitive and then plenty other mergers are being allowed, he didn't say that he just said the head snapper thing, and i don't know. i don't know where he's going

with that one, but we're on it. . .

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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. neil: all right. let's see where we stand here. 2.92% for a 10-year note. when we were down in the cycle lows in the midst of the whole meltdown it was barely hovering 2%, right? there was a thought we would bring, did in fact bring overnight interest rates down to zero. effectively forcing it down to zero. now we're unwinding all of at

that. we've seen a half a dozen rate increases on part of federal reserve to get us back to the norm. markets are playing catch-up. this is something market forces dictate, not the federal reserve. market forces seem to say we see economic activity picking up. based on good news. with good news, economy percolating, retail sales, earnings, et cetera, that would be deemed just fine. when things they think are getting out of hand that is all they need. close to 3 is enough for them to sell. trish regan. trish: thank you, neil cavuto. stocks trading lower first time in four days as tech and consumer staples drag on the market. nasdaq is taking it worse almost down .9 of a percent. i'm trish regan everyone. welcome to "the intelligence report."

♪ all right also breaking today, everyone we have oil prices hovering around three-year highs as investors express concern about russia sanctions. so what does it all mean for gas prices? we have a live