$83,000. can you believe that. ashley: that is so cheap. i would love it. stuart: first printed map of the round world, not the flat world but round world. 80,000, that's it. astonishing. neil. i knew that map very well. neil: i remember you were the first reporter to break the story. it's round! it's round, guys. thank you very much. stuart. that is not true. the second reporter. look at corner of wall and prod. we're back down to session lows, down about 307 points. growing concerns the chinese will play tough on trade. even though there is interesting ruling just come out from the u.s. international trade commission says it determined the u.s. industry is in fact very much being harmed by steel, wire rod imports from the likes of italy, south korea, turkey, spain and britain. it did not cite china. that might be a moot point to an

administration that the world rigs these shipments to us and that needs to be cracked down. there also has to do with technology land, every one betting their hopes on what happens to apple "after the bell." sometimes the expectations don't live up. intel, apple, microsoft are only three of the 30 dow issues that are up. the vast majority, all the others are down substantially, particularly financial issues. ii want to take a quick peek at the white house. he is presenting a trophy football teams, army beat navy. let's dip into this. >> a legendary institution a source of pride and strength for our country for more than two centuries. i would like to welcome two west

point grads serving in my administration here today to celebrate the black knights history, that really that historic victory. secretary of the army mark esper. mark, mark, how are you, mark? [applause] doing a great job. and a man that has gotten more publicity than me lately, our new secretary of state, first in his class at west point. is that a true story? come on. tell me, is that true? >> he was first in his class. he is who he is today because i was his tac officer as well. [laughter] [applause] >> mike pompeo. he has been busy. general, he has been very busy. he has been a busy guy. how is everything going, good? i think better than people understand, right? good job, mike. a warm welcome to deputy secretary of defense patrick

shanihan. thank you, patrick. neil: we'll continue to monitor this or any comments the president might have beyond congratulating the army team here. west point cadets all, beating navy in december. it was snowy game, they won that 14-13. it's a big deal when they go back and forth on this, celebrate at white house. virtually every member of the team made it to the white house. you might have heard had mike come pay yo's name mentioned -- pompeo mentioned, new secretary of state. he will speak to his workers at the state department later on today. we hope to glean from that on any progress for plans of the north korean talks, what we're doing about iran. a lot is going on right now. a lot of people talking about trade, i told but the national trade group that says the president has a legitimate beef when it comes to shipments of that kind of stuff into our country, aluminum and steel more to the point. left out of that was any

transgressions by china might have just been to make a bigger point we are at a disadvantage trading that stuff but a lot of people were surprised the president overnight grant ad 30-day extension largely in europe, argue arc, brazil, some others, concerned about caught up in the immediate tariff that would have taken effect at midnight. there has been a 30-day extension on this. a lot of people might be pragmatic president, whether it comes to dealing with the iranians or ripping up that agreement or trying to fix the one we have and north korea, what to do with that. the read on this pretty soon with joe lieberman, we have retired army chief of staff retired general jack keane. what do you make of the flexibility the president showed to our allies on this trade issue, tariff threat was to take

effect last night but now postponed 30 days, would it indicate flexibility with either the iranians or for that matter the north koreans if. >> certainly, it is a result of the pressure i think the french and germans recently placed on them as well as other countries. you know the president has a tendency to start at the far right in terms of an extreme measure and he is a prime negotiator and then begin to back away from that particular point that he made and compromise. and he is always has said, one of his main characteristics he is flexible. we see that on domestic policy and see that on foreign policy. neil: do you get a sense he is focusing more on the chinese, that is really about the chinese, and when all is said and done while he likes what the south koreans did, in fact they're kept out of this because they have already entered into a deal with the united states his

focus is on the chinese and they don't appear to be bending? >> i think we're on a major collision course with the chinese because they have been promoting economic warfare for years now at the expense of the fights particularly, but also at the expense of our allies. it is their main effort, and they use it to gain geopolitical influence in the world. one vote, one road initiative is about that. infrastructure and energy but what it is really about gaining influence in those countries where they can control the geopolitical situation to their favor. they're beginning to dominate the pacific. they want to do the same thing in southern asia. also in the middle east. they are really are major strategic opponent and the understand understands that and he is pushing back on the economic warfare. we will also have to pushback on their geopolitical aggression as well. neil: obviously the chinese are instrumental bringing this far or partly responsible for bringing us this far with the north koreans so i'm sure the

president wants to tread carefully here but the chinese have already made it clear from all published reports, general, they will really not agree to a number to trim the trade surplus between our two countries. the president said cut it by $100 billion. they are not going to do that. they said unequivocally want to put a number to it. they similarly don't want to rein in their government effort as we are fearful of advanced technologies, artificial intelligence, that is their business, not our business, so what do you make of that? >> i think they may not want to agree to a number but the president will move to a number he is comfortable with in terms of improvement. the second we have got to deal with this intellectual property theft that is taking place by the chinese. it is really quite extraordinary. the amount of resources that they have stolen is historic. there never has been any transfer resources of this

deagree from one country to another. we can't continue down this road letting them do that. neil: in other words we need more than promise and assurance on their part not to do it again, right? >> yeah. we'll have to hit them. we have significant cyber offensive capability and we have a tendency got to pull the trigger. we'll have to start doing that and give them warning to that effect and just be tough with them. i think we have a president here who is willing to stand up to them obviously. neil: general, thank thank you , very much. before i follow up with joe lieberman. i want to follow on the dow for a second. we're in the month of may, sell in may, go away and don't return until november and often times over history over the last century or so you have been rich over taking that strategy, not last four out of five years. that strategy has not worked. what is weighing on investors

not only concern that the trade dispute height not be settled anytime soon or it could get worse given chinese obstinance on these issues. manufacturing declined in the latest period. we saw some construction spending slow down, some sentiment surveys. they're pouncing on that and they are selling on that. in and out of session lows. the dow down about 287 points as we start this month. we'll keep an eye on it for you. meantime to the aforementioned joe lieberman, former senator for the state of connecticut, vice-presidential candidate with al gore in a tad controversial election. good to see you, sir. >> it was for us. neil: let me get your take what's going on with what the israelis detailed yesterday, prime minister netanyahu taking to airwaves that the iranians continue to cheat and lie. they have a lot of data. the iaea some other groups come out, wait a minute, those

numbers don't jive. we don't see them cheating since 2009. which is it. >> to me it looked like a intelligence coup by the israeli intelligence community. i was struck by new secretary of state mike pompeo said he had seen some of the intelligence when he was in israel and thought it was real. president trump issued or the white house issued a statement saying some of the evidence was compelling. so our intelligence community has had it for a while now and i think the statements by the president, secretary of state, probably reflect the initial reactions what the israelis disclosed. to me, bottom line, although some of this is dated, it shows during a period when iran was a signatory to the nuclear non-proliferation treaty they were building nuclear weapons which you're not supposed to do

so -- neil: he seemed to imply they're still doing it? >> he certainly implied -- neil: that is where we drew a distinction. >> we don't have confidence that they're not cheating. in fact part of what i think prime minister netanyahu said yesterday was that all of these, all this material found in the warehouse and in iran and grabbed by israeli intelligence showed that it was a program waiting to start again. to me the big conclusion here is that the inspections agreed to by the iranians under the iran nuclear agreement of 2015 were lame, were inadequate, were weak and whatever the president does as we come to this deadline and i hope he pulls out of this agreement because it's a bad agreement. neil: you would pull out. macron and angela merkel were here saying fix don't nix, don't dump the whole thing, but fix it. >> i think the president has

some options here. even allowing to leave the agreement, it was mistake, bad for the u.s., bad for our allies in the region, announce that he is withdrawing. he won't waive the economic sanctions but can stop the implementation of those sanctions, for a couple months and give the europeans and the iranians a chance to respond and to change the underlying agreement. first, fuller inspections. iranians say you can't look here but you can look there. neil: come in a week. >> it was more, you can come there, but give us enough time to clean it up before you come. the other thing is, this was the big substantive mistake of that agreement, basically they agreed to pause their nuclear weapons program, not to stop it. the agreement gives them the right to go back to it in about 10 years and these documents

that the israelis revealed, assuming they're credible and accurate, show that the iranians put in an an archive all they need to start it up again like that, either 10 years or tomorrow if they want to. neil: the president showed a great deal of pragmatism, flexibility if you will, support, on this trait issue. he is talking tough on trade, but was flexibility enough for allies and someone else i can hold off on tariffs that would implement going in effect today for another 30 days. >> right. neil: is it a leap for me to interpret that he could show similar flexibility dealing with iranians and north koreans? he must have in his own mind kind of a list of demand that we have, north koreans, not least of which is getting rid of their nuclear capability, but beyond that, what did you read into the trade move? >> i think he did the right thing. because we're dealing with

allies, we're dealing primaryily with europeans and other countries that are allies, europeans are very important economic partners of ours. they do a lot of business with us. they have big investments and create a lot of jobs. neil: he says they're effectively hosing us. >> you know what? at the may be taking advantage of us if terse of trade but i don't think he wants to get into a trade war, with europe. i think he also wants to have the european leaders stand with him in these other negotiations which are different because unlike the europeans he is dealing with enemies, adversaries of the u.s., iran and north korea. yeah, he might compromise a bit in what he asks of iran and north korea but i think the president has shown so far he has thresholds. bottom lines here, that he won't go over. very different situation. the fact that 23 years after

congress passed the jerusalem embassy relocation act and 23 years which every president, both parties suspended the implementation of that because they were worried about the reaction from others, president trump said, this is the law. this is what we ought to do and he did it, and reaction, the sky has not fallen, shall i say. i think showed in that a willingness to do what others say is risky to do because he thought it was consistent with our principles. what he is dealing with north korea and iran he is dealing not only with our principles but with our security. so i think there is line below which he won't go. neil: you mentioned north cree real quickly, the president seems to want at demilitarized zone, would make good optics, that is my interpretation. do you agree with that. >> that's fine. it is a good place to go because it evokes of hope of a unified

korea. he can't go to north korea. they could go to a european capital but -- neil: i suggested the poconos or catskills. >> catskills would be food. a lot of comedians looking for audience up in the catskills. neil: very good. joe lieberman, always an honor and pleasure. >> fine, thank you. neil: we have lot more coming up. dow down 272 points. a lot are holding fire because volume is not quite what it would be this stage of the day because apple is come out with earnings. that is closely watched pa romter for the entire technology industry. one of the few companies that can sell hundreds of millions of something be considered a disappointment. having said that a lot of people will look at the cash hoard. apple has so much money on hand, it could be the gdp of a country. we'll see how much after this. ♪ they appear out of nowhere.

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the president granting a 30-day extension maybe to iron out some of these differences. nevertheless steel related stocks are getting hit. a lot of sectors are getting hit. technology is only one by and large to the upside today. all the steel-makers are feeling the pressure that this might not be resolved anytime soon. foxnews.com columnist, liz peek, "wall street journal" associate editor, john bussey. liz is at the milken conference going on in california. your read from there, liz, are they worried that this trade rift, even with the extension is getting nasty? the chinese don't appear to be budging and don't feel inclined that they should? >> i think neil, you heard a lot out here about uncertainty. about the fact that manufacturers and consumers and all kind of enterprises are sort of struggling with not knowing what the outcome of these negotiations are going to be,

but we just heard secretary ross talk very convincingly about a, the need for this tough stance against china and also, and reiterating the objective here. what is the objective? it is to rein in on these tariffs the overcapacity and overproduction of steel and aluminum which really hurt our manufacturers. and the reason that our allies have gotten caught up in it, because china has been shipping extra production to all different kinds of countries. his case the extension was a good sign maybe that progress is being made and you know, we can't forget all this stuff is caught up now also in the negotiations with the europeans about iran. so there is a lot on the plate right here. i wouldn't really draw any major conclusions from the extension, except they want more time to reach a good conclusion.

neil: john bussey there really sending, that is, the administration, their a avengers financial, steve mnuchin and larry kudlow, robert lighthizer, so obviously the president connections them to come back with something. what is your thought if they don't? >> the thought is what if they back with something. this is not just limiting a quota, this is an issue of state capitalism. how do you begin to cause china to change that model? state capitalism, where they subsidize their metals industries and as a result they can sell those products as well as a lot of other products on world markets much cheaper than u.s. or european competitors can. i think they go to press that

issue with china and they go to ask for some kind of voluntary restraints, some kind of voluntary quota. it will be very hard to manage that, neil, as liz pointed out as we saw with japan in the 1980s. they ship product around and comes through another country and refabricated on it and a stamp goes on it thailand or stamp of bulgaria and comes into the united states not as a chinese product. this could be sort of tricky to resolve. the europeans are really feeling it now, not only are they getting pressure from the united states, but those countries that have limited exports to the u.s. already because of u.s. pressure are now diverting it to europe. so the european markets are getting flooded, prices are getting depressed. the trump administration has to worry that europe will ship pour of that to the u.s.

neil: i have been sort of crowned emperor for life and he does not have any new election coming up. he knows full well this president does and might wait him out and feel no burning desire to conclude anything? >> i think that's right. and i think that it's unfortunate the timing of the pushback of china comes right as xi xinping is at a very powerful place and also wants to make sure his country knows that he can assert that power. only thing i would say, neil, it is interesting, chuck schumer was speaking on a panel yesterday and he was quite outspoken in his support of the pushback against china and this is the second democrat i heard side with the president here. the democrats understand that americans are on board with this and today secretary ross made the point that look, there may be some risk, there may be a little pain. someone asked him about

agriculture in particular but at the end of the day, if we don't take that risk, if we're shown to the world that we're not going to accept any pain, we're not going to make any progress. china goes up the value chain and pushing for greater technology dominance that will really hurst america and so maybe the stance has to be now. it is not easy. if democrats are on board with it, i think the president get a bit longer runway. neil: john, very quickly, they might just have a cosmetic deal. it might not be shaving the 100 billion-dollar gap the president wants to see reached. it might not deal with all the artificial intelligence issues that the chinese say they won't budge on but it will be something. i like what you said at beginning, that something that will matter but that will be a face-saving guess sure for the chinese and us? >> it could be that. that is what you saw with south

korea. it was pretty face-saving. liz is right, what they will probably come back with is a continuation of this campaign because whatever your politics are on president trump it is very interesting, this one drives through a lot of constituencies including support from the business community. i was at a meeting in washington the other day. some kind of former democratic trade officials were also talking much more hawkishly about china. so i think he has got support on this one where he might not have support on other issues. neil: guys, i want to thank you both very, very much we'll follow closely. the dow down about 261 1/2 points. besides keeping an eye on your cash we're keeping an eye on the caravan along the border. 11 individuals have been arrested. they claim they were asylum-seekers. turns out they were not or so we say. the read from the texas attorney general ken paxton on that after this. ♪

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♪ neil: all right. keeping you updated on the caravan right now at the tijuana, san diego border, there have been 11 arrests associated with caravan members trying to illegally enter into this country we are told and the breakdown goes something like that. two salvadorians, six hondurans, two guatemalans, a mexican national. they face charges that they were pretending to seek asylum here. that is a concern we have. every one who comes in here seeking asylum has the right to have their case heard, not necessarily the right to be granted that asylum. very few are in percentage terms. to texas tern general ken paxton, what he makes of all this. i don't know details on all the individuals who were cited but it does support an argument that some have had, tough be real careful checking out people who claim asylum.

what are the rules, for example, in texas along the border, people claiming similar such arguments? >> really the rules are the same across the nation because it's a federal issue. so the asylum issue, they have to demonstrate that they have suffered some type of a percentcution. they have to be in protected class, race, religion, national origin, social group or political group, and second they have to demonstrate the government is part of that persecution. if they're not part of the persecution, they are at least not stopping the persecution. so every one coming in that asks for asylum, whether coming in texas or california has to demonstrate those three to the federal government. neil: so can't be a matter of domestic abuse, if someone's spouse is abeauing them, that alone can't do it, right? it has to be what the government call as credible fear case. we had 5000 such cases back in 2007. last year, 80,000. so obviously a lot of people have latched on to the asylum thing or the credible fear

thing. what is going on? >> well, i think these immigration groups, they figured it out. they know what the law is. they coach the people on asylum. certainly a faster, quicker way of getting in the country than waiting your turn by just requesting through the normal immigration process. that is what is going on here. immigration groups, lawyers, figured it out, taking advantage of it. neil: i do wonder if it hurts things for those not trying to take advantage of it, have a legitimate case, but necessarily don't have all the paperwork to prove their case? so you know you're an attorney general, you're pretty good at this stuff. how do you separate those who have real asylum issue, from those using that, faking that as an issue? >> you bring up a very interesting point. a difficult point for people that are trying to find out what the truth is, especially when the people are coached by lawyers. makes it challenging for federal officials to figure out what is

legitimate and who is, who is actually supposed to be cover under this asylum requirement. it is going to be hard. who knows who is telling the truth. this was created by congress to protect people in difficult circumstance being persecuted. if you're coached the right way you may come in here and tell a story. neil: or you may not. >> or you ney not. neil: attorney general, good seeing you again. watch that one closely. watching what is happening in the markets right now. tech one of the saving bright lights in the market here. apple, for example, has been up now, apple's earnings coming up after the closing bell. usually 4:30 p.m. eastern time. every one watches this to telegraph the rest of the industry, what is going on. a lot of attention on the cash hoard the company particularly held overseas, remember that $269 billion overseas. how much of the money found its way back home and what it is doing with it.

and guidance from the company. if iphone x is not living up to expectations what else are they cooking up. all that is what these guys follow tick by tick. i think apple is becoming a mutual fund these days for technology. it is in some different areas. we're watching that. more after this. y do to their retirement savings. that's because they have a shield annuity from brighthouse financial, which allows them to take advantage of growth opportunities in up markets, while maintaining a level of protection in down markets. so they can focus on new things like exotic snacks. talk with your advisor about shield annuities from brighthouse financial- established by metlife.

neil: all right. the dow down about 271 points. don't blame apple. like intel, those two technology components are doing okay. the other issues are not in the dow. high expectations ahead of apple's earnings announcement this will sort of set the weather vane the next three months how technology is faring, that is how important an issue is apple and i would put -- we have deirdre bolton and susan lee, i have the pleasure having first time since she joined us. good to see you. >> good to see you.

neil: high expectations for apple, just forget the earnings revenue, just the guidance, what are you hearing? >> what are we expecting later on today to 60, to 63 billion in revenue. as i mentioned, a juggernaut still. apple is still a juggernaut, if terms of profit they make more profit than companies make themselves each and every year. neil: amazing. >> we're expecting something in the range of 50 to 54 million iphone units being sold. it is not great in terms of growth. that is only 4%, right. neil: that is amazing, selling 50 to 54 million units is a disappointment. >> let's admit it. maybe the iphone x has been overhyped. i think every one is expecting disappointment. it is too expensive at $1000 a pop and maybe we hit the saturation cycle. every one has a smartphone. do we need a new one when it costs so much? what does it mean for new iphone introductions, because they're expecting a new product this year, the se-2.

neil: you remember computers came out, 386, 486. >> branding problem. neil: enough with constantly upgrading. >> iphone x, no, it is the iphone x, it is not the x. >> no 9s. >> skip ahead of the 9s. neil: that would be cool to have a 9, say, we're going back. >> i think issue they have sort of run into, we didn't think it was capable of apple fans being like, whoa, that might be a little too pricey. i think that is the issue they hit it with the x, with the 10, i'm sorry. you know a grand for a phone is a lot to spend and there was demand, but it was not like meteoric demand they really wanted to see from essentially is their flagship product. neil: but they make money a lot of other ways. make a lot of money in those services and ancillary item.

i'm wondering, deirdre, whether they're going to show the other side of them? that it is not a phone dependent company even though it always seems to be a phone dependent company. >> that is their flagship product. a thousand bucks for a phone, even if you loy -- love apple, that is a lot of money. that is where the company has told us but even wall street is saying going forward morgan stanley made a call earlier this month that sent the stock down more than 10% in april. just saying, listen, they will not be able to keep generating this amount of cash on the phones. to your point, one of the big questions, a lot of investors will be listening for, this idea they will repatriate some of that $269 billion in cash. neil: will they tell us much? >> that is what people are waiting for. how much, what form. neil: what are people doing with it. >> will investors get a one-time special dividend. that is more the news flow, but

underlines a more serious problem in my view, if they're not talking about a new fancy product but they're just talking about doing with cash they already made. that is not really new or exciting or buzz. neil: the meeting with the president, he is concerned with what the president is doing on trade and china, all of that, both a big source of manufacturing for them and a base to sell their phones. >> i was going through the revenue numbers. they make in $18 billion in greater china and taiwan. >> that is important market for them. >> a future market for them and recently -- neil: so a trade war would be bad? >> it would be. but they dropped out of the top four in terms of phone sellers in china. it has i improved, but are thins improving as they expected? neil: the rap is china copies them. >> that manufacturers using their design and going cheaper route with the production. apple's big focus needs to be, we talked about diversification.

amazon does it extremely well. they have all the services that people gladly spend 10 bucks a month for. apple trying to develop apple music and develop cloud services, i cloud, but it is not like the revenue stream that stablizes things like an iphone x doesn't. neil: what is better barometer for technology, apple or amazon. >> i'm with amazon. >> me too. >> proven time and time again they're able to diversify, innovate and interrate. that is the most important thing. >> and hardware. >> pivoting and diversification, absolutely. changing on a time, no, this is the future now. apple has done a little bit of that but they have not been as quick as amazon. >> amazon is bananas. it bought whole foods and doing like medical and hospital gear. if you go for fiscal therapy -- neil: the president likes tim cook. he doesn't like jeff bezos. >> that is the big risk to buying amazon actually. neil: really?

>> yeah. neil: interesting. >> can i point out there is a solar system that resolves the sun of apple as well. we have a lot of apple suppliers. neil: you're right. >> korvo is best performer on s&p, barclays upgraded the stock. neil: even with the apple connection? >> even though they reduced their target price on apple yesterday, korvo,. neil: do they think it is more than apple dependent? >> you have to. especially what is happening with the channel checks. iphone x or x are not doing as well. neil: i'm sorry, susan. i mentioned china, every one is concerned about technology has a lot at stake with china. things get really worse could that put the sector in some disarray just as an investment? >> i mean certainly it's a huge focus like technology is growing there unlike anywhere else on the planet. so if it starts to struggle in china you will see it ripple all throughout the entire industry.

neil: that is one of the best performing sectors of this bull market. would that endanger it? >> china, yes, we're looking at saturation. every one has a smart one has one. even if they want to buy a smartphone they want to buy the cheaper chinese brands, not $1000. >> not just the end product. its all the parts. you have so much manufacturing going on in china. neil: thank you all very, very much. earnings coming after the bell. charlie gasparino is up. future of megamergers. they have not died out. what happened yesterday with t-mobile and sprint, that is just maybe a preview of coming attractions. or maybe continuing attractions, after this. i am an independentl advisor. for our firm, it's all about trust and transparency. trust that we do what's right for our clients, without the constraints imposed by the traditional brokerage houses. transparency in the way we're compensated.

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help cover some of what medicare doesn't pay. you'll be able to choose any doctor or hospital that accepts medicare patients. whether you're on medicare now or turning 65 soon, it's a good time to get your ducks in a row. duck: quack! call to request your free decision guide now. because the time to think about tomorrow is today. >> right after we sign the definitive agreements we called chairman pai and we called the other commissioners. >> did he take your call? >> of course. >> what did he say? >> he will keep an open mind. our question, give you a heads up, keep open mind about this transaction. we're immediately coming down to meet with you and meet with the rest of people interested in washington. neil: all right, that was, mind drawing a blank, t-mobile chairman talking about chairman

pai of fcc, to merge with sprint. it will be better than $26 billion pairing. will it go through? there are a lot of others weighting at the gates. charlie gasparino at the milken conference what he is hering. what have you got, bud? >> i draw a blank on that guy's name as well a lot. it is john legere. here is what we got from the doj, sorry, my earpiece is popping out. sources inside of t-mobile and sprint that they are optimistic about the deal, they can see the merger will not be a slam dunk with the doj. here is what they're worried about, neil, mainly. not the political guys, the antitrust chief, the people more free market inside of the trump antitrust doj division. they're worried about the career twice, the career gals, the career doj antitrust lawyers who

will make a stink about this deal. this deal has been rejected in the past in the obama administration. some of those career people are still in the doj. while t-mobile and sprint, their executives are very optimistic that the trump doj, much more free market-oriented, much more worried about mergers like the at&t time warner deal which they believe is much more problematic from a consumer standpoint than this deal, they do worry that they're going to have to push this through with the career people and force it through. that doesn't mean it won't happen. they are what i would say cautiously optimistic, but those career types that scheduled this deal in the past, people at t-mobile and sprint and mr. ledger are worried about. one other thing we should point out that the at&t-time warner trial is over. that is the government's attempt to break it up. this, even if the government loses this, i think there is a very good chance this thing carries on. i will tell you why.

it is very clear that the antitrust chief told his staff to prepare an appeal of the case. at that doesn't mean they will definitely do it. but i'm hearing that mr. delrim is indicating to people that they have to prepare an appeal. it is not just a pro-forma thing. that he is leaning towards appealing this if they lose. i'll tell you, neil, that will have major implications for this deal. let's say at&t wins, right? no conditions attached. they win. and then the government appeals, as the deal comes together. guess what? you go before the d.c. circuit appellate court, very liberal court which could upend the deal. it become as risk factor for investors if you're buying, you're buying time warner, which essentially will go up if this deal gets approved. so this is a mess. it could get even messier if there is an appeal. what i'm hearing coming out of trump doj and mr. derlrim is

saying prepare for a appeal. he is not definitely doing it but making foists. this is maybe a way to get at&t to agree to other concession. they don't want to go through the process of an appeal. that is fascinating thing. i don't think we'll hear the end of at&t-time warner even if the government lose this is case. i guess the decision comes down in july or june, right you? guys might have the date handy but i think it is june. neil: definitely this summer. real quickly on the t-mobile-sprint thing, the argument these guys have gone to the altar three times in the past. we don't want to live with three wireless carriers. we would have three if this went through. even technology advanced stage holds. >> depends on how talk to. the political types inside the justice department, i think

mr. delrim said we could live with three with conditions. it is the career people. do they sway him and look we need four for various reasons. there will be a debate inside the justice department about this. what is positive if you're sprint and t-mobile, at least there will be a debate. there are people inside the trump justice department, mr. delarim. don kemp, free market types, the game is 5g. prices are coming down on wireless. we're fighting yesterday's war. they will argue that. career people inside the trump justice department who will say, not so fast. here is why this could really hurt consumers when you have three instead of four. neil: all right, buddy. >> there is a debate. the obama justice department there probably wouldn't be a debate. i think they feel comfortable, both companies feel comfortable rolling the dice that you have don kemps people like that. >> i don't want to jump on you. that will do it. a lot more on implication of

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neil: all right, they say you should get out of dodge and just get back into november. you've heard that line used to live. that seems to be a strategy some people are employing today, even though i should stress the last six years, foreign affairs to be more specific and dramatic, strategy has not worked. if you are going to do what you would've missed out on 11 points

x% return, two by 1% return in 2016 print four by 9% in 2014. for pointing% gain in the interim period between may 1st and october 31st. the only year he did not oppose in 2015 when in those ensuing months after may right through october 31st he lost about 8%. but for most of the other times they have rewarded investors good right now down about 301 points. most of the sectors are down. technology is the saving grace here. we'll get into that a little more appeared in the meantime we have a couple developments including my pompeo, new secretary of state addressing the troops at the state department. meanwhile we are waiting to hear what if any decision they are close to making it the iran deal deadline looms come especially on the heels of this report from the israelis that the iranians have been shooting left and right. blake burman has all of that

from the white house. reporter: hi there, neil. let's start with my pompeo. he says these documents produced are real beauties as they are authentic. if if anything it shows iran has been lying to its own people. however, he stopped short of saying that it shows a breach of the 2015 known as the iran nuclear deal. that is up for the lawyers to decide. at the white house shows that iran simply cannot be trusted. >> it has deceived the international atomic energy agency, which certified for its programs that at the time and so it cannot be trusted. that has been borne out through the evidence discovered by the israelis. yet the president has entailed me tell to decide whether to stay in or pull out of the iran nuclear deal. it could set up a string of retaliatory events. for example, iran has said it could potentially restart its

nuclear program. the former secretary of state, condoleezza rice, downplayed the potential domino effect. >> well, i actually think if we pull out now it is not going to be the disaster everybody is talking about. i would not assign this deal. i think we were in a hurry to get a deal and we left a lot on the table. reporter: as for the documents and what benjamin netanyahu says they show, critics say there is nothing new here. much of this has been known for years if not the better portion of a decade and they contended that the reason to stay in the deal. neil. neil: server, thank you very, very much. we have the headline coming in here and i do want to raise my next guest. california and 16 other states are suing the trump administration over those plans to scrap standard for how much greenhouse gas now.

they supported these moves because these restrictions are very onerous and they have a lot of gas saving vehicles anyway in. where the oil prices have a chance to react to this are not given the back and forth legally, california leading the charge. the latest friend jeff flock in phil flynn. the feeling seems to be here that these governors in other states will play hardball with the administration over relaxing the so-called café standards. what you make of it? >> we were just talking about this very thing. definitely if they relax the standards of course and make these cars more fuel efficient to use less gas, less oil and that may put some downward pressure. i don't know if it's because of the story but it will definitely have an impact that has been at a record high. >> here's the deal, i just bought a new ford explorer over the weekend. this gets much better mileage than my old one did.

even though people are buying suvs, they are more fuel efficient already. >> they really are, which is amazing. it seems there's no resistance of these big cars right now. >> we get $100-barrel oil. >> to get a very low price on your suv when you resell it. listen, this is a typical cycle. gasoline prices go down. they forget about fuel efficiency. prices start to creep out. we will have that point at some point wherever some point or arrival some point wherever i go want to dump those suvs. >> we want to get to iran real quick. i am seeing down over a dollar today wiry down today after netanyahu? >> there is a little skepticism about this report. some people do have doubts. europe is not something on the bandwagon. also that dollar is soaring today. i think it's more dollar worries about the fed tomorrow.

>> is this priced and already or pull up a deal? people i talk to think the president will go through at this and pull out. >> if that happens we will see oil prices rallied no doubt. neil: you are the best. i threw a lot at you when you covered it all. they are going to take their act on the road and in the meantime the developer's conference going on. mark zuckerberg on the stage right now. let's listen to this for a little bit. >> to put people first at the center of our experience with technology. because our relationships are what matters most to us. that's how we find meaning and how we make sense of our place in the world. and we are not the only ones to build a communication service. but we are the ones who do it again and again in all the different ways that people want to interact online. this is our dna and we have built-in growth service after service that put people at our connections and relationships at the center of the experience.

and we've come a long way. when i look out today, still surprises me how little of the technology that our industry produces is designed to put people first. our phones are still designed and that's not how we think. i believe we need to design technology to help bring people closer together. and i believe that is not going to happen on its own. so to do that, part of the solution, just part of it is that one day, more of our technology is going to need to focus on people in our relationships. there is no guarantee that we get this right. this is hard stuff. we will make mistakes and they will have consequences and we will need to fix them. but what i can guarantee is that if we don't work on this come in the world isn't moving in this direction by itself.

so that is what we are all here to do. and that's what i want to talk about today. i want to start by talking about keeping people safe and then we'll discuss all the things we are doing to keep building services and help us connect in meaningful, new ways. i want to start by protecting something that is really incredibly important to all of us and that is the integrity of our elections. in 2016 we were slow -- neil: we will continue monitoring this. this comes at a time when mark zuckerberg a couple weeks after appearing before congress. he's now saying that the company will allow users to clear their browsing future -- their browsing history with a new feature, also deleting all your browsing data and does not second or third party access to it. a lot of this on the heels of concerned a database of customers was compromised and that he's trying to be on top of

that in ahead of that, whatever he has to say about the election because he does not this will get the result or confuse people he's trying to avoid that. he was satisfying no one at the time. right now it has not been very deleterious to the stock for the company. when all is said and done in the latest earnings report they added more customers than they had before. right now down less than a percent. we'll keep an eye on that. this sort of thing about intrusion and safety and who's watching him. rob o'neill, of course you know the operator. very good to have you. so much going on, buddy. the facebook thing is not what we originally talked about. we've got a safeguard that. we know it's important. we know the world is watching and is dropping on us. >> yeah, we are talking about the iran thing which is what i'm looking at, too.

people ask me to date we have the upper hand with the iranian nuclear deal and i was fortunate to be in this building and i got to talk to dr. condoleezza rice. there is no reason to run away with your hair on fire because generally the smartest person in the room as it is. we need to deal with this now because prime minister knight netanyahu said yesterday turns out i ran my two s. if you can believe that but they've done it before many times. neil: but they haven't done anything to make us think -- >> they are sort of abiding by the horrible negotiation we did in 2015 which means we will let you tell us where we can expect in the weeks and weeks where we can clean everything out. it's a question of that $127 billion in cold hard cash we gave them overnight. those are all in your own stuff like that. neil: we are taking sort of the veil of these agreements and michael pompeo at the state

department right now. the testing is the administration is taking on this and iran. if you were a betting man, do you think they would jump at deal start from scratch, emmanuel macron, angela merkel. >> i would say i hope they don't just because one thing with north korea, something else with iran. kim jong said he is worried about keeping power. they want to destroy israel and they would mind destroying the world because that's their way. it's not a dictatorship as much as it is a process the. the shia version of that. the thing that disturbs me is not the iranian people died. it's the mullahs that are bad. with the money they are using for the hezbollah, israel can hit tehran back. we don't want a war can especially with israel and iran right now. hopefully they will renegotiate a deal with the international atomic energy agency latitude to

get in there and inspect the place. you can't give them the heads up. take away the intercontinental ballistic missile technology. we are giving that to them. that is not for defense or that is for offense. iran is all about offense. you can't just leave it like it is. it is too hasty. >> you think the message is giving, tough love in a place that is a very staid institution, he's breaking a lot of class. >> tough love for sure, but that's how you deal with these people. he will hopefully maintain through solitary and strength. kim jong un is doing it. holding hands with the south korea walking around there. you're not going to get the same with netanyahu. neil: resisting that the president was saying about the north koreans and particularly kim jong un and the iranians.

>> hopefully they can. they'll do it for a position of strength. >> i would love to take everyone on the word and we can all be friends and have global peace. it's not going to work that way right now. they're funding people from afghanistan. with a new deal with us. >> hopefully the potential of them losing their own power. the way they could get it with the iranian people rising up. they tried that before and for some reason they hope the new revolution come out and for some reason they are in love with keeping it where it is. neil: how is pompeo viewed by quiroz i.q.? >> i was talking with my guy before he took over the cia and about him because he's an operator. he is a military guy with experience in his class at west point and he is a strength side.

he went over to pyongyang north korea on easter just to getting talks with kim jong un. first of all bravery. if they pull you aside your stuff to north korea. he's willing to negotiate. i like them a lot. sure into dean of the president wants that meeting when it comes under the militarized zone? >> yeah, the reason is pretty smart to realize kim jong un does want to go too far away from north korea. what if there is a coup and he's not there? he doesn't want to go anywhere else. he knows he can go there with his entourage and keep it hopefully like we say in the navy, kiss, keep it simple. neil: now, and might pompeo at the state department on 333 points. his >> thank you. thank you.

thank you for those most gracious words in thank you for your service standing in the gap. you've been a remarkable job. the whole team has. i've had a chance to work alongside u.s. as cia director when you're acting secretary and you have done this organization. incredibly proud. america should be proud of you and thank you for this amazing work. [applause] so i think they have the record for the longest trip to the first day of work. and i am humbled to be here. i tried to prepare myself for this moment, but to stand here and look at the most important diplomatic corps in the world is enormously humbling to me. i talk to in my hearing about

the fact that this nation is so exceptional and so incredibly blessed. and the fact that derives from that as it also creates a responsibility, a duty for america all across the world. i know for certain that america can't execute that duty, can't achieve its object is absent executing american foreign policy with incredible vigor and incredible energy. i am looking forward to helping you all achieve that. [applause] my remarks today will be relatively brief. tomorrow the president will be here to do my official swearing-in. i'm sure the cabinet will be here as well. it's an important day for the

president's first trip to this important place and i'm looking forward to being there with many of you and having the honor to have the president of the united dates to my formal swearing-in. i then will sometime either later this week or beginning of next do more to develop what it is i hope to achieve with your help. speak to the entire workforce, i will lay out for you mac that patience, my hopes and most importantly, share with you my leadership style and this is very different. one of the first rules is don't talk down to people. [laughter] so i'll speak to you already appear. but alongside that is i feel like i know you. i worked alongside u.s. a member congress when i traveled. i've had the chance to watch when i was traveling around the world and i would go into an

embassy and i would arrive late at night and they were the folks in the political start or come economics at are doing great work on behalf of america. so i have a great deal to learn about the state department and how we perform our mission. but as people, i'm confident that i know who you are. you chose to be a civil servant or to come were carried many other capacities and to do so because your picture at the great american your picture it's a great americans and because you want to be an important part of america's face to the world. my mission will be to lead you come in the very thing you came here to do. [applause] i will get to as many parts of this organization as i can. i set up my testimony all spend as little time on the seventh floor. i think it's the seventh floor,

right? i'll go up there in a minute. i will get up as quickly as i can to see their mission. every task, every endeavor each of you undertakes is a critical part of achieving the ultimate objective, which is to deliver president trump an american foreign policy around the world to be the diplomatic base and achieves the outcomes that america so desperately needs to achieve in the world. i've told this story a couple of times, but it's worth repeating. the best i ever got was from a first search of preteen the first platoon sergeant when i was 22 or 23 years old and i arrived there. he said lieutenant, you'll do well to just shut up for a while actually, i think he meant that. but what i took him to be saying was that it's important to listen and learn and i have an

enormous amount to listen to you about and learn from you. i talked about getting back our slacker and i'll fill in what they mean by that. it's important. the united states diplomatic corps needs to be in every stretch of the world come executing missions on behalf of this country and it is my humble, noble undertaking to help you achieve that. so i look forward -- [applause] thank you. i look forward to meeting just as many as you many as u.s.a. get a chance to do to learning from just as many of you as i can they do not onto the field. i know we will deliver for this president and for this country. thank you. may the good lord bless each of you. i'll see you around the building.

neil: been the secretary of state will be sworn in tomorrow at the state department by the president of the united states. he's a popular figure and he's been a big backer of the state department and funding investments in foreign endeavors i should say that the united states congressman and later on as the cia are. he will be visiting his office they are even in the secretary of state as you know spend very little time outside of on a plane. he has a busy traveling agenda. i remember was just a few weeks ago on easter weekend he was meeting with the north korean leader, not telegraphing what could come next on that front over the meeting will be with the president for the north korean leader. keeping an eye on the selloff, a lot of this has to do with concerns about slow economic data and that has a new concern about interest rates, what's going to happen, is that a boon to investors depending how you

look at a comet hangs like slowing down the federal reserve which started a two-day meeting might be less inclined to raise rates. having said that, and at the highest level it's been since 2008 in the tenure is also just close to 3% again. there is a narrowing in those two. the closer they get together, the more we are looking at a slow down or worse, a recession. the top and a number of times, so we are keeping an eye on this. this is proving through, salome and go away. it hasn't panned out, but over the course of better than 100 years, by and large it has that hurt us all your stocks on this day and come back in november, you would be okay. sometimes. more after this.

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neil: all right. the new head of the state department is sort of getting late in the land. will be sworn by the president right there. they like him. he's a popular figure. his in your face leadership here and some of the surprising developments that, of course, were kept secret including his visit with the north korean leader during easter weekend has deared him to this crowd. all right, let's get the read on all this because he's also playing a role, not financial one but obviously in a foreign policy way with the the new tariffs that we are threatening china these days. the president eased up on that when it came to other allies. >> yeah, good afternoon, neil, commerce secretary wilbur ross said the delay on imposing tariffs on steel and aluminum is because of fruitful discussions

that have taken place already. take a look at the list of countries who made fair trade deals with the united states. we first broke the news, argentina, australia and brazil all made deals in principals yesterday, details will be finalized in the last final days, south korea made a deal last month and finalized yesterday to avoid tariffs, that leaves canada, méxico and european union. the u.s. is in tough trade negotiations with nafta, the 30-day extension will allow trade representatives to possibly finish the deal. the european union is a very different story in all of this and last week as you know the french president macron and the german chancellor were here to try to implore president trump not to impose the tariffs on the european union. they believe that they should be exempt from the tariffs because of national security reasons plus close ally with the united states the commerce secretary says that this is actually opened a broader talk with european union for a wider trade relationship deal that could be made with countries above

anything else the bottom line here is the trade tariffs are the call for tariffs have brought a lot of countries to the table, neil. neil: edward, thank you very much, my friend. if you think about it, the administration is going to put a full press on this, if you think who is heading over to china, they include sort of like avengers economic team, mnuchin, trade ambassador, peter navarro, a hoación of others who will be pushing the case to get something out of the chinese and will they, what happens if they do not, then what? >> well, it goes -- ratchets it up to another level. at the very least we want to see both parties come back and say, we have made substantial progress. i want both -- neil: what is going on with the markets? charles: it's interesting, you always hear the one wall street markets like to climb the wall of worry, we should be going

straight up. [laughter] charles: now the strong dollar, last one we had the first 2% move in the dollar since the election, now it's up again today, yield, trade tariffs, geopolitical issues, of course, in the last three months we were worried that the economy was too hot and then too weak and now talking about inflation. it's interesting because day-to-day it depends, it could be anything that's worrying the market but certainly knowing at it, one of the overarching things from earnings, goes back to caterpillar cfo suggested high-watermark, finishing friday with the michigan sentiment survey, the feeling was that this is as good as it gets, the narrative, stock i love, i have sur scribers in, getting hammered despite support in pretty good guidance, we are in a jittery period right now where a lot of people are guessing, maybe it's time for the market to pull back. neil: i'm sure you discovered

this on your show that everyone attaches a reason for everything. one of the reasons is the new york times report that the chinese aren't going to budge on a couple of key items including demand to shave $100 billion the surplus that china enjoy. they will go slow because they are saying we can do whatever we want with our money. having said that, it indicated the side of china that we haven't seen so far to push back aggressively. charles: sure, if we wait 5 more years the push back more -- unfortunately it shows that we should have taken this sort of action five years ago, 10 years ago, the fact is that they can push back but still, you know, when you sell a country 500 billion worth of goods, you know, it's tough to say, hey, we don't need you. neil: the president's thinking is that they will -- jinping is

there for life. he thinks that the president, you know, will be there at best 7 more years. so what about that? charles: xi has ambitions that are out of the world. they are doing the marco polo in reverse. $150 billion. neil: china 2025 to rule the world. charles: they made great progress. a lot on piggy-backing on the theft of intellectual property. there's a lot of ways to measure. i talked to this about before. unicorn companies, 110 in america and 95 in china, including a couple that may go public, valuations of $80 billion or $100 billion. a lot they have stolen. i will suspect that any kind of deal we get has to be crafted in a way with both president trump and xi can say, i won.

neil: the market not with standing today, is it your sense , we have been flat on the markets. how does the rest of the year look? charles: i think the year will be pretty good. here is the irony because of the list of worries that i've layed down here including the idea that it doesn't get better than this, expectations will be lower, expectations hurdle, that plays such an amazing role with the market. valuations have come down dramatically. not really, i used the ratio, 5-year average. anyone who goes back more than 5 years you have to take an extraordinary circumstance like the great recession. i wouldn't wanting to back and include in analysis, you kind of cut that out. it was an extraordinary situation that come up every 40, 50, 60 years. over the last 5 years, this is a pretty decent valuation for companies that are growing,

earnings are phenomenal, you have to worry about the fed messing things up. a lot of intangibles, a lot of small question marks that together create the dark cloud over the market right now. neil: you don't think the federal reserve will do anything at this meeting, right? >> not at this meeting. i hope they articulate the right thing. consumers are smarter than they were during great recession. i know that savings are relatively low but have come up in the last couple of months. i just don't want the fed to get over the skis, i know historically they have. we have some people there, you know, of course, the guy running the fed was at carlisle for a long time. we've got someone who understands the market. neil: jerome powell, thank you very much, charles payne. charles, really nothing that moved the market. [laughter] neil: 13 points. a lot more after this.

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>> it's an easy finger to point. okay, get out. the people who have been 30 years and get new blood in there. >> yeah, most of that criticism is from people who don't know anything about the company and candidly don't know what they're talking about. i think that would be absolutely the appropriate criticism if after being in this role for a year and a half we hadn't made any changes. neil: all right, but the wells fargo ceo telling maria bartiromo that he's made a lot of changes and wells fargo is, indeed, open for business. if you are investors, they are selling and asking questions later. that's pretty much across the spectrum here. maybe some technology stocks, that's about it. in the meantime growing concerns about questions that were leaked that we now can see and why they were leaked when it came to the president of the united states,

somehow the world got exposure to 40-plus questions detailing what bob mueller wants to know from president trump if he had an opportunity to sit down with him. that immediately raised some questions as to are these the questions that he genuinely want to ask and who the heck leaked them, who knows this better than our judge andrew napolitano, one of the smartest legal books. >> i wish i knew who leaked them. neil: i would make a point that it was someone in the administration? >> i could make a point that it was somebody in the president's legal team who wanted the president to see rabiit holes would be presented. each one of the questions bob mueller knows the answers to and it's starting point to series of many questions of the topic of the starting point. it may blush look like the president has the command of facts to answer a lot of these but when you analyze a lot of

them they are treacherous. one in particular in the likes i have not seen before in literature, if you forgive me, i want to read it precisely, what knowledge do you have if any of outreach by your campaign including paul manafort to russia about potential assistance to the campaign, that is white hot, that goes right to the argument of what we are calling collusion under the law it's called conspiracy and agreement to accept assistance from a foreign person, entity or government, what knowledge do you have, if he says no, mueller must have evidence that he has some knowledge with which to challenge that f he says, yes, that's tend of this presidency if he knew about this and went along with it. neil: do you get a sense that -- i understand what you're saying with the legal team that maybe by this coming to the president's attention seeing potential questions, he might think twice about talking to mueller. >> i hope he does. it's a very dangerous

environment for him because any white lie, even one that's not intentional can result in indictment. this is a strange environment that the courts have permitted where the government can lie to you, the government can use trickery and deception and traps but if you lie to the government, this is a martha stewart case, you can be indicted. neil: that applies to the president of the united states as well? >> yes, it does. neil: this is you and congress and whether it's impeachable manner? >> there's question to what mueller can do. mueller can get an indictment. most justice department regulations say no. you file the indictment to stop the running of the statute of limitations but you can't prosecute until after he least office or not indict the president, shift this over to the house of representatives, which if democrats take control -- absolutely, all bets are off.

neil: this is the president, so many fine appearance on two networks, he's supremely competent, so he might feel look at the 40-some odd questions, i can handle these. >> i can hear rudy giuliani whom we know very well, mr. president, we have to prepare you, i will give you one or two minutes in each questions. there are potentially thousands of documents behind each of these 40 questions. neil: that's from every one of the anchors, oh, my god, do i have tell you about the law. [laughter] neil: i noticed some of the questions go back to obstruction of justice, obstruction of justice, i'm wondering, we are told that the president is not a target, a, do you believe that and, b, on the other matters where he seems that mueller to be getting into obstruction of justice, he is onto frying other fish? >> i think that bob mueller told the truth when he said the president is not a target, it's

a technical term. target means we are going to indict you, do you want to give us some reason that could maybe give us a little pause, a subject is a person still under criminal investigation, one can go from a subject to target like that depending upon what answers come out of one's mouth. neil: would an investigator, prosecutor hold it against you if you never talk? >> probably emotionally but not legally. i strongly encourage him to exercise that right. neil: richard nixon never talk today prosecutors in the watergate? >> correct. neil: bill clinton did an it didn't go well. the history is what? >> prosecutors are thinking of indicting is that usually makes it worse for them because the prosecutors know the case far better than the subject of the investigation possibly could. but you have a very strong will

person who is extremely self-confident who doesn't like to use economy of words, if he goes on one of the rants on "fox & friends" where he admits to things that he hasn't been asked about or accused of, the prosecutors will have a field day. neil: separately republicans are looking to find impeachment grounds on rod rosenstein, where is that all going? >> to me that's not going anywhere. if the government subpoenaed -- if congress subpoenas an official of executive branch and doesn't comply with the subpoena, the remedy is content. impeachment of rod rosenstein is the same as president, treason, no, bribery, no, other high crimes or misdemeanors, but you want to hold him in contempt or incarcerate you because he doesn't want to give you a document, that's a remedy. neil: trump organization is veering out of control? >> yes. yes. neil: judge, you're the best. >> pleasure, neil.

neil: i'm glad i was able to teach you about the law. >> you're a good teacher. neil: you have to be here during commercial breaks. >> i have to tell gasparino what good a teacher you are. neil: yeah, wouldn't that be true? judge must have done something because we were down 340 points and now 270 points. we will keep him right where he is, more after this running a small business is demanding. and that's why small business owners need more. like internet that's up to the challenge. the gig-speed network from comcast business gives you more. with speeds up to 20 times faster than the average. that means powering more devices, more video conferencing, and more downloads in seconds, not minutes. get fast internet and add phone and tv for only $34.90 more per month. comcast is building america's largest gig-speed network to give small businesses more.

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neil nile all -- neil: all right, live coverage next week, a lot of very crucial primaries and contests next tuesday may eighth and we will be on the air, 8:00 p.m., however long it takes to get the results in including what's going on in west virginia, daily caller editor in chief, trump adviser and board member, the federalist peyton, the three republican candidates buying for the nomination to challenge presumably senator joe manchin, not a slam dunk, is it your sense that right now that is perhaps the most vulnerable democratic hold regardless what happens with the gentlemen, that manchin has an uphill fight in a state that donald trump won by

40 points? >> yeah, absolutely. that's been absolutely the case. i mean, recently vice president mike pence during the visit to west virginia criticized, you know, manchin for not supporting the gop tax bill, it's very clear that everyone understands that joe manchin is very vulnerable in the position there. neil: madison, we look at the measures and seems like even talking to mitch mcconnell he was convinced that whatever happens in the house he thinks they can -- that is republicans pick up seats in the senate, is that doable? >> yes, i think they will pick up seats, this seat being one of those seats, when we look at west virginia specifically president trump is outrageously popular in that state and i looked back at every presidential election and nobody won the amount of the vote that president trump did at 68.5%. abe lincoln even close. neil: how did you know that, that's scary in and of itself?

>> i looked at everyone, neil. [laughter] neil: i'm kidding, chris bedford, you're hearing that, well, republicans will lose the house, i get a little bit leery when i hear the blue wave because i heard something similar in the last election, is it your sense that the media or might be missing something like, more support for tax cuts than appears to be the case or that there could be black swan development in a good way for republicans, let's say a north korean peace agreement or something to that effect, that we might not be, you know, factoring in? >> the pollsters have been so terrible, neil, over the last many, many elections. they haven't known anything, even the guys who work for the private candidates like mitt romney's top candidate, he said he was going to win. they haven't had a real hand on the pulse of america, haven't been able to give us accurate results. i think in the house of representatives there are so many red congressmen that can take a hit that they'll probably be able to hold onto that. they will lose colleagues, when

they come back in january, less republicans in house of representatives than in november but that's definitely going to happen but they might be able to hold on because the pollsters so far have been terrible and in particular unable to read donald trump's supporters and republican supporters across the country. neil, on tax cuts it's been pretty clear that maybe marco rubio didn't advance the cause when he himself was criticizing the tax cuts the republicans were not doing enough for individuals, i'm paraphrasing here. they're not resinating to the degree that the republicans thought they were? >> i think they are in trouble with base voters. mitch mcconnell, rubio's back to washington. planned parenthood is being funded and obamacare is still the law of the land. i think there's a lot of ire

amongst the base and several candidates in west virginia have been tapping into that. you have blankenship hitting mcconnell every chance he gets, every congressman jenkins would say whether he would vote for mitch mcconnell, a guy that has been nice to mitch mcconnell. the republican establishment know they have been in trouble, bankrolling this pack that's based in arlington virginia that's been trying to block blankenship, i think we are seeing a mere image of what happened in alabama. they are trying to hand fist way in order to get a gop and i think that will backfire on them. they need to learn lesson and fulfill promises and say what they are going to do. neil: madison, who is more jazz to get out to the polls, consensus seems always risky, the democrats are, they are angrier and incline to get out

there? >> that's what many are saying, are we going to push out enough candidates that can inspire the fire within the american people like donald trump did, you know, yes, there's a lot of amazing policies on the side of the gop right now but we need candidates that are just as amazing as president was, i'm hoping we can put more people out for a senate and for a house races that are like him. neil: should you use donald trump on the stump to help you out, chris? >> i think they should but they also need to go to accomplishments, neil, the republican party has not done enough. this tax break was huge but if they're not going to be able to do another tax break unless they maintain control of house and u.s. senate and some people on the conservative side like ted cruz have been pushing votes, they would push agenda and for some reason seems pretty obvious that senate leadership right now has no intention of doing any more really sizable action in the u.s. senate and probably

going away in august recess without figuring out a spending bill and government shutdown before the election, huge spending bill will go to the president's desk. neil: you have to be careful. all right, guys, i want to thank you very much. not quite what it could be ahead of what will be apple earnings that come out after the bell. one of the most scrutinized stocks on the planet. that would be the news after the markets are closed. .

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neil:down about 25 points. want to direct your attention to, a lot of people will ask about the briefing. about the comment at correspondents' dinner. trish regan next hour. trish: you know i will. thank you, neil. a smashingket selling off preet steeply. down earlier in the session. white house press secretary sarah huckabee sanders will address the media first time since the controversial correspondents' dinner, the one i'm glad i missed. i would rather be doing anything else, like organizing my sock drawer. this as the white house pulls back on the pressure on our trading partners giving them more time to renegotiate the deals before the new tariffs kick in. i'm trish regan. welcome to