system. ashley: like australia. that interview in ten minutes. quick check of markets for you. we're flat as a pancake. we went down 80. we're up 30. now somewhere in the middle. been one of those days. neil cavuto is here to take it all away. neil? neil: thank you very much, my friend. we're following up on a stock thanking. called cbs. what are long term implications from this? let's get details from charlie gasparino following this whole drama closely. essentially she has given up her hand for the moment but explain what happened. >> she has given up her or hand and got the upper hand? >> got the upper hand. >> she can fire entire board. fire les moonves. neil: do you think she would? >> it is interesting. something came across the tape. the cbs is still going with the board meeting at 5:00 p.m. they may take further legal action intimating this is not

done. i will say this -- neil: she wants to merge with viacom. >> she wants to put path of those together. les moonves thinks it is always been that way. he tried to dilute her out of controlling stake in the company. a judge with this ruling basically says, probably can't happen this way. you know, she is free to fire everybody. i think what is interesting about this is two things. number one. >> it was an audacious play by moonves. you ever see the battle of the bulge? world war ii, that last-ditch attempt for germans to take control of the war going across the ardens, that like failed many ways. neil: very good. >> it was audacious, brilliantly executed, came this close to winning. one of the problems he has, the delaware court, the chancery court is mostly used to adjudicating proxy battles and more mundane sort of disputes,

corporate disputes, not whether you can take away ownership, essential ownership from a family-controlled company. that is what he is doing. i don't think they want to get involved in that. on other hand he made a good case, listen in the bylaws of cbs. sumner redstone, shari redstone's father created this, two separate companies. in the cbs bylaws, said, you holding company does something we don't like, bad for shareholders, we can do something to prevent you from implementing that, including, this was cbs's contention, getting rid of controlling shareholder, diluting them out. that is where we are. it es interesting to see what cbs does later. one of the up shots, broadly, 30,000 feet, you will get a lot of people talking, good government people, academics talking about this notion of having dual stock ownership, controlling stake and regular shareholders for the average

viewer, companies go public they need money. when you need money, the bargain, power to public shareholders. the dual class thing allows you to keep the power. almost a oxymoron to notion of going public. that will come under pressure. we should point out a lot of companies have this. facebook has it. twentieth century fox has it. it will be more controversial moonves from personal point is interesting story. he doesn't care if he gets fired on this. neil: comes out on top. >> 200 million plus golden share chute and perks. board member told me has perks he can produce movies through paramount. viacom owns paramount. neil: through an arrangement like that. >> it is pretty amazing. he can hang out with his hollywood friend. have another $200 million in his pocket and hang on the beach. neil: quickly. lenore hawkins and connell

mcshane is here. you've been talking to at lo people on this. what are you hearing? >> i was talking to analysts this morning, and i actually think to follow up what charlie was saying the hand that moonves had to play was really good hand. the investment community, analyst community, really love the job he has done with cbs. going in there was expectation years ago maybe the viacom business would be more valuable going forward, with all the businesses. neil: they were together before. they were separate. she wanted to bring them back together. >> he surprised a lot of people way he ran the company. strong prime-time line-up. he knew that going on. 200 million, whatever the number, you have that, hey, i will do it my way, or not doing it at all. neil: lenore, does it make you feel differently pro or con about media stocks in general? what charlie pointed out separate class of stock that is very prominent in the media world. >> this is the problem of this kind of corporate governance

because it allows people to have their cake and eat it too. when a company goes public, you have the incredible founder you're okay with that control we have this great guy but worry about what you wish for. >> yeah. >> when you lose that person eventually they will not be around forever. the next generation has the controlling interest may not make such good decisions. you're okay with the original guy. neil: very good point. >> shari redstone may be competent corporate lawyer. we don't know she knows how to run the business. we explain the type of business she wants to mash together. viacom has paramount, pretty good movie theater, movie studio. but they have mtv, nickelodeon, other stuff, come mydid i central, not great media content. >> seemed like at time. may not be anymore. a lot of an its think another deal makes a lot more sense. like technology. comes in make offer for cbs. neil: is cbs in play now?

>> it was a story we did early in the week. they're essentially in play. people can want the content. if he won they would be immediately in play. neil: your reporting has been outstanding on this, way ahead of the pack. i want to get back addressing this here. i would be remiss if i didn't keep you up-to-date on china trade talks. there is drama back and forth behind the scenes. it is not drama. it is nasty. like my family getting together with thanksgiving. someone is throwing something. we'll get into all that with edward lawrence. latest from the treasury. hey, edward. reporter: neil, the talks have been going on for two hours inside of treasury inside the building. they started 10 a.m. these are extension of the talks that happened in china last month. now ours were only video cams were to see greeting, as chinese delegation came into the treasury department. treasury secretary steve mnuchin took shands with the delegation.

those still photographers up there are part of the treasury staff. these are high-stakes drama surrounding them. they -- we want china to drop trade tariffs and remove barriers for companies to sell freely in china. finally the other big item is cutting the trade deficit by $200 billion by 2020. the drama centered around economic advisor peter navarro. he originally yesterday was not scheduled or supposed to be involved in the trade talks. we were told he is not a team player. well today he is dropping in. >> very strong negotiating team. that doesn't mean there aren't equational differences in tactics and so forth. i get all that. i will say this, there is a lot of misreported gossipy stuff that never went on. reporter: that is larry kudlow, the economic advisor there. now, we're referring to an argument that happened in china when the delegation was over

there, with peter navarro. that caused a lot of this ruckus today. right now the chinese are laying out for the u.s. exactly what their wants are in these trade negotiations. yesterday this delegation was on capitol hill. they were trying to get a sense of what the u.s. feeling was, more of a listening session yesterday. neil? neil: thank you very, very much. edward lawrence following all the developments in washington. back with us, charlie gasparino. economist extraordinaire lenore hawkins, overall extraordinaire. >> something kind of extraordinaire. neil: what do we know about this navarro dust-up, that happened in china, right? >> i know a lot. neil: oh, you tease. >> yeah. i love larry, good friend of mine, but now that he is on the other side. neil: larry kudlow. you like steve mnuchin. >> now he is on the other side of the fence it is his job to

spin. mnuchin and navarro is battling each other for months. neil: what is navarro actual title? >> trays advisor tot president. >> mainly on trade. mnuchin is obviously globalist free trade side. navarre very is battling with mnuchin and gary cohn. this started to heat up in china, right, they had a confrontation, i wrote this whole thing up on foxnews.com, you can read the ticktock, where they basically butted head navarre very believed mnuchin was taking over the entire negotiations out, leaving him out, leaving kudlow out, lighthizer out and others trade representative wilbur ross and he confronted them. this is interesting this battle started to pick up again this week right after president trump tweeted out he would essentially bail out the chinese telecom conglomerate zte.

we imposed sanctions on them. they said those sanctions crippled them they couldn't get our parts. they were going out of business. what navarro is saying through sources, i've gotten this triple confirmed, it was mnuchin that pitched the zte deal to trump, pushed him in it. told him if you do this you will have more leverage over the chinese, kissing up to them and get more leverage with the chinese, and that would help the trade talks. it was navarro's opinion, the fact that zte went out of business, basically cost the chinese $75,000, 75,000 jobs, proved they need us more than we need them. now we have the leverage. why bail them out? that sort of heated up over last couple days. that is why mnuchin pushed to keep him out of the meetings. >> i add to that, after our triumphant trip to china, it got weird towards the end. we thought it weird they didn't issue a statement to wrap things off. they couldn't agree on words to

put in the statement. all this drama is real. the idea the two sides don't like each other, a lot of people are rubbed the wrong way by peter navarro is very real. neil: do the chinese hear any of this? >> that i don't know. but that is kind of the concern, what the back and forth between the americans does to the negotiations. what do the chinese make of all this. tell you one quick thing, hour ago. i don't know exactly right now, edward said talks started 10:00 this morning as of an hour ago navarro was not in the talks. way they set them up three on three from the united states and as charlie mentioned, top three from china they were getting together to have a discussion. vice premier of china, told ashley this morning was going to have meeting with the president. mnuchin sees that as progress, they're getting there and trying to keep navarro out of it. neil: you have one thing of administration, conservative, fire-throwing wing wants to

screw the chinese to the wall, right? you have the mnuchin wing is more moderate, big globalists whatever you want to call it, more incree men al in their approach to this, hence bringing z to. e to strike a deal. how is this going. >> i'm concerned about zt the, yesterday fbi director christopher wray is concerned with zte products told to americans. it can create undetectable espionage opportunity. neil: if you use their phones they're spying on you? >> that is very concerning. >> that's nice. >> we maybe use national security as negotiating tactic. neil: see what we do? >> that is a separate thing from the trade issue to actually be playing games with our national security. neil: but who wins out in this battle? you know it's a battle for the soul of the president, right? >> listen, i want to make two points here. number one, the white house said today that navarro was part of the meeting. navarro was telling people, he

was not on any list. >> wasn't there last hour. neil: treasury secretary meets alone with his counterpart. wasn't mnuchin saying that? there was no slight intended here? >> they wanted to set up -- sheer. >> here is the thing. all this came out yesterday. why did it come out yesterday? i believe, and navarro believe that treasury leaked it out. why did they leak it out? because navarro was making such, was continuing to basically press his case, particularly on zte, that is the latest sort of trigger here. neil: you're saying that is something mnuchin threw out there? the chinese it was important issue to them and he threw it out there? >> navarro is telling people that mnuchin basically in his words -- neil: did the president know all the stuff with zte? >> i don't know. what navarro is saying that mnuchin backed trump into a corner to get him to do this thing, 180 on zte, basically as negotiating play.

and navarro thinks it is wrong. >> navarro thinks they will cut a bad deal. mnuchin and company will cut a bad deal. neil: is this for the soul of the administration? >> allegedly. >> may be close to where the president sees this. neil: is this a mnuchin situation may get a pyric victory but might be a marked man. globalists tend to lose in this administration. >> gary cohn would be another example. eventually pushed out. he kept navarro quiet for longest time. >> they were openly at war with the white house more than mnuchin. mnuchin is later version of gary cohn. gary cohn and from what i understand, navarro had incredibly tense conversations. neil: i think whose job could be more in jeopardy here? looking at navarro who speaks to the soul of the president's gut, versus mnuchin who is sort of like establishment? >> you know, i would say, it would, should be, it should be mnuchin more at jeopardy. i will say this trump is such a wild card on so many issues, i

just don't know. >> this is challenging for the economy to have such wild card action and i think you're asking who's the winner here? the big problem here the loser here is the american people because aside from all of this high school drama of who got invited to -- neil: wait a minute, lenore. the president's watching. [laughter]. >> could we calm everything down and just have a little bit more of a mature conversation? neil: who is the globalist? >> just with all these trade barriers and tariffs mean for the american people? it is not a simple thing. with the tariffs, we put all these tariffs like say the wash be machines that will be a good thing for 2400 people in the united states who work in that industry, for those companies. it will be a good thing for their shareholders. however for 97 million americans that have washer in their home, things got more expensive. it is not straightforward. neil: you do know to the president's point, whether you agree or disagree the chinese

are hosing us? >> they are. neil: whether this is the answer -- >> navarro's main point here we finally got them on the run, they steal our stuff constantly, why are we bailing out one of the companies that steal from us? this zte company, i -- >> obama fined them. neil: i ran into a guy, educating me on this, had a zte phone. beautiful phones, have you seen them? they're hue among gus. they can take great pictures. they have not able to get updates or anything because of the dispute. >> it put them under. >> they get all their stuff from the u.s. neil: all these phones are out there. must be thousands of them. >> everybody's a spy? >> that shut them down basically. neil: they're all out there. that blew me away. >> navarro would say that is our leverage with this guy. they need under the circumstances. this is proof positive they need us more than we need them. neil: what about mnuchin -- he didn't do it, trying to be

diplomatic? >> i think i understand what you're saying. neil: i think you understand quite well. i'm the one who doesn't understand. >> cut him a break on zte, and we'll get some benefits out of it. navarro said you will get a pyric victory. it will be nothing. >> a quick point on this, lenore is right. complicated issue, but the president talks about it in really simplistic terms, he sees trade deficits, number, whatever its as a scorecard. so the mnuchin side of this hey, let's talk the chinese somehow bringing that number down. there are a lot of ways to do it. they could buy more of our goods. neil: didn't that tick off navarro, he is more gradualist. you consider that arbitrary to begin with, right? >> i'm not really happy we're looking at trade deficit as this number as scorecard, we're totally ignoring for example, the tariff on aluminum, lumber, that is making homes more expensive. >> an excellent point. as we stare at the deficit i think navarro would say this,

we're not talking about i.p. theft. that is the real sort of monte here. neil: i want to go to the economic club in new york, our own susan li is sitting down with canadian prime justin trudeau. deadlines are tight with the nafta free-trade agreement. we either score a deal we put up to a vote now, today or we're not getting anything done. let's dip into this. >> for pretty much before president trump got inaugurated, we started talking, because he made very clear that he wasn't happy with nafta the way it was, although, you know, the first part of what we did really pointing out nafta has been incredibly positive for canada, for the united states, for mexico, and it has created millions of jobs across our three countries and particularly between canada and the u.s. we have the best and closest economic partnership of any two

countries in the world. again pointing out we have, you have, united states has a trade surplus with canada in everything except energy. on energy having a reliable six-year partner like canada is a good thing for the u.s. so lots of arguments that nafta is great for canada and the u.s. but if you want to improve it, modernize it we're happy to do it. so we sat down. we worked with them on whole bunch issues, including this morning in washington where we have some of our top folks continuing the conversations of the to be honest we're down to a point where there is a good deal on the table. the specific concern that we know the president has had for a long time has been about specifically jobs to mexico. a lot of concerns throughout the auto industry, and mexico has put proposals on the table to go

a long way reducing the trade deficit the u.s. with mexico and bringing back some auto jobs from mexico back to the united states. there is a very positive deal there. there is lots of other things we talked about in nafta that have gotten, gotten where we are. it is right down to sort of the last conversation we know those last conversations in any deal are extremely important. so i'm feeling positive about this but it won't be done until it's done. and people are working very, very hard on it right now. >> can i ask what the sticking points are? >> one of the key sticking points for mexico and for us is idea of a sunset clause on the trade deal. to put it in, put it in a frame that maybe, someone, i don't know did a lot a real estate des

might understand. if you agree to build a particular building on a particular parcel of land, but only hold the lease for five years and after five years you actually lose the lease you might not be interested in investing in the building going on that land. well, what. one of the american proposals is a sunset clause. every five years nafta would be determine nate -- terminated unless we actively work to reactivate it and extend it another five years or so. in that kind of uncertainty around investment it is hard to imagine a lot of folks willing to make a five-year investment in canada. we know most of the investment people look at today, have 15, 20, 25 year timelines to them. so we don't really feel that a deal with a sunset clause is

much of a deal at all. but other than that. and some issues around dispute resolution systems to make people fair, we feel there is a good deal that actually achieves the things that the president certainly made real clear he wanted to see out of an improved nafta. so we'll continue working responsibly, diligently. we put a number of things on the table. not going to negotiate in public but i think there is reason to feel positive about the work we've done. >> given that you have to submit a proposal to congress and speaker ryan today in order to get fast track authority through this session, 2018 session of congress, are you telling us in the invest community that we're not getting a nafta deal this year? >> i'm not going to owe pipe on u.s. deadlines or u.s. proses is -- opine. i'm responsible for the canadian

side of the negotiations. we're working very hard and coming down and putting forward proposals. you know, really engaged in this and we'll continue to until, until it's done. that is our focus on it. so that is a question for the american side. >> you found common ground on autos? >> there are a lot of progress made around a lot of issues, particularly around autos. >> rules of origin or is that 50%, 75%. >> i'm not getting into details. i'm confident saying we found a proposal that is broadly acceptable to the three partners and our industries on auto side of things. you know, the rest of it, and how we move forward is now very much something we're continuing to work on and very much looking forward seeing how americans respond. >> do politics play into it. there is a presidential election

this in mexico in july? >> the mexico election certainly pressed on us a real concrete deadline in terms of trying to get this done before the presidential election both because president pena nieto is key to get this done but there is a sense whoever becomes president doesn't necessarily want to be involved in these kneeing -- negotiations and can have this behind them and look toward the next step. that is certainly time pressure on the mexican side. on the american side obviously there is an awareness midterms are coming up in fall. congress might change in its composition. there might be different imperatives. we're trying to move forward with the known factors we have now. there is a little reflex on the fact that a lot of members of congress are actually quite keen to see nafta, you know,

postively moved forward with and would like to be able to go into their campaigns this fall with a positive message on, you know, continued trade with canada and mexico. so these are all factors that are going into it but we're just very much plugging away and we'll keep working until, until they shut off the lights. i mean canada's there to make sure that we move forward and in a win-win, win, like so many people said including vice president pence. >> before i go delve into further into u.s.-canada relations i want to take you around the world. we're talking a lot about north korea and june 12th summit. there is posturing ahead of it. possibly there might be a cancellation, that is what we're hearing today. what is your view on north korea nuclearizing? >> first of all we need to de-escalate tensions on the korean peninsula. they have obviously gone on a long time. a lot of people don't realize

technically the korean war as it was way back when is still continuing and getting to a moment where we can actually move beyond and officially end that conflict and move towards a denuclearized north korea, is a goal that not just folks in the region share but folks around the world share. no question about it. >> right. >> i think there is a clear understanding that the solution is not going to be a military solution to get to peace. it needs to be diplomatic. it need to be political. canada was happy to host the vancouver conference a number of months ago that actually pulled together people and moved things forward. we continued to contribute in a number of ways. i think obviously the historic meeting between south and north korea leaders a number of weeks ago was a very positive sign, a positive step. we have seen and heard positive noises from north korea before that didn't end up panning out.

i think hope springs eternal. one certainly looks toward the possibilities of further negotiations with hope and with sense of urgency. >> there is doubt within the american public that you can trust the north korean leader. >> i think, i think the world is filled with people that we can't trust but we have to try to figure out how to work with anyway. moving forward in ways that remain -- [laughter]. i wasn't even going there in my mind. you people. >> you people? >> working, working postively with folks whom you disagree with politics and international relations are all about, sorry. got totally off track with that question. >> how important is the june 12th meeting in singapore? >> i think it's, it's quite

important. obviously it would be a significant, historic meeting. one hopes good things would come from it. if it does indeed happen as we certainly hope it does. but i think there is a recognition that there is a lot of work to do, even if that meeting happens and goes as well as one might, might dream might, there are going to be many steps ahead that will require, you know, verification, you know, positive movements, you know, rigorous, you know, rigorous approaches. this is not an easy situation but it's one that canada is certainly contributing and hoping that we continue to move forward with. >> moving in the right direction in your view? >> obviously we're moving in the right direction. we're having more opportunity for political and diplomatic solutions. and that's good thing. >> let's move on to the middle east. you had a phone call with president trump this week and

middle east issues were brought up during this conversation. today you released a statement deploring violence taking place near gaza and excessive use of force. would you say that you disagree then with the move of the u.s. embassy to jerusalem? >> i have said that, for us, for canada we're not moving our embassy to jerusalem. that is not something that we are interested in doing. our position has always been that the conflict between israelis and palestinians can only be resolved by direct negotiations between those two parties and unilateral movements by either side, whether they be declarations at the u.n. by the palestinians or continued israeli settlements, unilateral actions don't peace process. we want people to be working together to get there. >> so do you condemn the move by the u.s. to move the embassy to jerusalem? >> you know what? i respect the right, because i

expect people to respect my right and canadians right to determine our own foreign policy choices and that's something that we, we all as sovereign nations need to hold to. but certainly canada will focus on, you know, trying to bring people together to resolve what has been a eons-long conflict in a positive way. >> were you invited to the embassy opening? no you were not? that's okay. let's -- >> i wasn't invited to the royal wedding either. [laughter]. >> you were invited here. >> glad to be here at the economic club. thank you for that invitation, terry. [applause] >> doesn't have to make that trip across the ocean. let's also talk about immigration at this point, because immigration is hot topic issue here in the united states. recently people are discussing the immigration issue in canada.

some say that has been hurting your popularity rating because of the influx of asylum-seekers draining the social security system. do you feel that canada and, are you still an open, welcoming society? >> actually i, sort of correct you on this, but canadians remain incredibly positive about immigration. we actually don't have a single elected, anti-immigration politician anywhere in canada. that is because canadians have understood bringing in people from around the world, to contribute, to work hard, to build a life for themselves, not only increases the wealth and richness of our country, but actually allows us to be better. when you bring together diverse perspectives, diverse voices, empower them to weigh in and to help shape your solutions, your communities, your country, your

economy, you actually get a better type of solutions than when you're just putting all the same storied people together to solve a problem. so canadians get that. the diversity is and must be a source of strength. yes, it requires, certainly when people arrive. particularly fleeing war zones and conflict, they need support getting lives back together, schooling for their kids, education, certain amount of social safety net supports like health care and things like that, but, rapidly those people who have been given an opportunity to raise their kids in a free and welcoming society and contribute to it, do indeed, do that and create -- the story of not just canada but of north america is one in which folks coming here from around the world, working hard to build their own success has created

two of the most successful countries in the world that certainly something we'll continue doing. [applause] >> well-said. but, prime minister, protests and rallies have taken place especially the providence of quebec, which has taken majority influx of asylum-seekers, even opposition conservatives criticized liberal, your party, driving the immigration system, what they call into shambles. >> for 10 years, we had sort of a, no, i don't do politics overseas, i'm going to be very careful in my words not to criticize too much the previous government. the previous government in canada didn't invest as, strongly or responsibly as they could have, should have on immigration processing or even things like border security, which mains that over the past 2 1/2 years we've had to make

significant investments to try to cut some of the delays and some of the challenges that have existed in our immigration system. we're coming along a fair ways. one of the issues you're talking about, there are a number of people crossing our border in irregular fashion, actually between border points, seeking asylum in canada. many people who actually hold active and valid u.s. visas. what we are doing is we are insuring that every single one of those people is processed according to our laws, rules and principles around immigration. and one of the things that is true for canada and the united states and, you know, a lot of countries around the world who signed u.n. accord on refugees, is if someone comes to our country and on our soil and

says, i'm claiming asylum, i'm victim of conflict of war, of terror, of persecution in my home country and i seek asylum in your country, it is a requirement of canadian law we process that asylum claim. we examine whether or not they are indeed refugees fleeing conflicts that put their lives and beings in peril. that means we are going through and, an immigration process with them that gives them a chance to demonstrate that they are actually refugees fleeing violence. if they are simply economic refugees, looking to create a better future for themselves than in their home country we have a separate immigration system that they can and must apply to from outside of the country. we will there for say, you're not and a asylum seeker, you're not a refugee.

we send them back to their country of origin, that they have to leave canada in any place. we have a system applying according to the rules. yes, there is a large number of irregular a rivals crossing the border into canada now. >> from the u.s. >> from the u.s. but we are processing them in a responsible, rigorous way that is reassuring to canadians that, yes, our rules around immigration system apply. one of the precious things about canada is that canadians are postively inclined toward immigration and refugees. for me, protecting that, and not letting it fall into the politics of fear or division or identity is really important. one of the ways we do that is by demonstrating robustness and continued full application of all the rules we have around immigration because that is reassuring to canadians.

it is reassuring to people coming that there is a rule of law here and we will apply it in responsible way. >> just to connect that to the u.s. immigration debate, one canadian official says, has compared canada's position to the u.s. in terms of looking at visas and maybe getting help in preventing some of these asylum-seekers from crossing the border illegally is similar to what the u.s. is asking mexico and mexican help with refugees as well. >> i think a lot of different countries have questions and approaches on immigration that, you know have commonalities but every one has different approaches as well. so we're going to focus on what works for canada and what works for us is quite frankly doing things like demonstrating that we value and welcome people who want to come and contribute. one of the things we did as an example, at a time where the u.s. is tightening up controls

around visas, we created a global skills strategy that actually says if you're a company that wants to come and invest in canada and start up a shop or a an engineering facility or research facility in canada, you want to bring some of your top people to help start that facility, we can give you a work visas for those folks in less than two weeks. we know, if you come and start up a business in canada or a plant in canada with your top people, you will hire lots of our great canadian stem graduates, some of our great canadian workers who, you know, ends up in a win-win for every one. that is something we're doing. if you haven't heard about global skills strategy, pass along to your country because that is something we're excited about. >> u.s. president trump touted canadian immigration model that something the u.s. should be looking at as well, the point system, which includes a

component that if you speak the language you get higher score to possibly get entry into the country. >> a number of years ago canada switched a significant portion of our immigration system. obviously refugees is a separate stream. family reunification is extremely important as well is a separate stream but on the economic migrant stream we created a point system where, if you speak english or french you get a certain number of points. if you have a certain degrees or job skills in areas that are recognized as being necessary for canadian businesses or success, you get more points. if you have -- more of an objective way of saying, you know, we're going to prioritize or we're going to value most the folks that have best likelihood

of helping canada. that is one of the reasons why people have been successful coming to canada and canadians have remained very positive because we've seen the success that new arrivals have contributed to all of us. >> right. but the u.s. president received a lot of criticism requesting a element of language. >> listen, different countries will have different frameworks. >> okay, fair. how is a relationship with president trump? you had a phone call this beak? >> uh-huh. we a very good, positive, constructive relationship where we talk regularly. we've been talking a lot about nafta obviously recently and trade. but whether it's, whether it's a issues of international importance or what have you, we have been looking forward to well coming actually the president and the other g7 leaders in, about a month to a beautiful area of quebec where we have the g7.

there will be a same focus on the challenge we face in all our different countries how to include success for every one in our economies. president trump to the elected on bringing into the success of the u.s., a lot of people who felt left out of it for many years with the way the economy is changing. i got elected on very similar challenge, to strengthen the middle class and those working hard to join it. now some of our policy approaches are divergent but our focus on trying to make sure that there is success for every one in our societies are very, very similar. so that is what we'll come together at the g7 to talk about and that is actually where i'm going to highlight some of the things we've done to tremendous success. last year we had the fastest growth rate in the g7. we had the lowest debt-to-gdp in the g7. we have some of the best numbers on ease of doing business, solid

banks and we're the only g7 country that has trade deals with all other g7 countries. we have access to 2/3 of the world's gdp in preferential ways with our trade december. there is a lot of reasons not just to boost canada but reassure citizens that trade can be good, that growth is good, by having them share in it. so we've done that by improving maternal and parental leave benefits, investing in early learning and child care, giving more support to low income and middle income families. we've done that by lowering taxes for middle class and raising them on wealthiest 1%, which is something that actually has led to significant economic growth because people who have more money in their pockets and spend it instead of stashing it away or investing it, actually contribute to economic activity in significant ways. so there is a lot of things that we've done that have created a

level of confidence amongst citizens in where our future is going. it allowed to us do things like invest in ai, massively invest in science and innovation, say the world is changing. let's be part of it, instead of trying to resist the change as long as possible and keep things reassuring the way they used to be. let's dive towards the future. that is what canada is doing. that is how i get along with president trump. which was your original question. >> there you go. we look forward to the g7. because you both are such big personalities and close economic, political partnership between canada and the u.s., people are always curious as to how closely you get along. i will give you a scale, how about this? if the scale is, bear with me, if the mexican president nieto say one, macron is a 10, where are you in that sliding scale? >> i don't know. i think we're all interested in unpacking that scale she just

generated, why those choices are there. [laughter]. i think, it is an interesting read on it. and, i will leave it to pundits and analysts to try and you know rank and compare. what i will say is, i've always had very good and forthright exchanges with the president he gets it. when i stand up firmly and strongly for canadian interests, say look, on lumber,. you're risking putting a whole bunch of canadian families in small communities out of work if we can't get the lumber deal done, i push back on some of the proposals, he gets it. he doesn't take it personally. he knows my job is stand up for canadian interests, stand up for canadian workers, stand up for people that elected me. i certainly expect him to do the same. i expect any leader to do the same for their people.

the approach i take on that, it is a bit of a privileged position because of the nature of the u.s.-canada relationship, so close and so historically deep and so multilayered, i get to make arguments all the time something that is good in our interests and as canadians for our businesses is also very much in the interests of an awful lot of americans. the united states sells more goods to canada he have year than it does to china, japan and the uk combined. we are the number one trading partner for most of your states. top three for almost all of your states. there is a huge relationship there that makes it easy for me to say look, this is good for canada, but this is also good for the united states and we want to move forward on this. or yes, if you do this it would be bad for canada, so please

don't but by the way it would also be really bad for a whole bunch of american families and workers and businesses you don't want to have. so when i can approach things in that constructive way, things end up happening. >> okay, so the scale would be a seven? [laughter]. 10? >> i will let you figure it out. >> we're running out of time, i know issue and topic at economic club really banned to touch upon and hear more about would be gender relations. you said before, claiming you're a feminist, raising your kids to be feminist as well, i wonder what your take is on the "me too" movement, whether that helps take that movement forward? >> first of all understanding that the argument on including more women in a successful economy is not just a moral

argument or ethical argument or not just a nice thing to do, when you look at development over our two economies over the past decade, a huge part of it, most of it, happened because of entry into the workforce because of extraordinarily successful women in all walks of life in all areas of our economy. as we're looking and striking about to try to find where that the next points of growth can come in our matured, developed economies, there is no question making sure women are as successful as men is going to lead us to better growth but also better kind of out comes. when you look at companies that have more women on their boards, more women in their, women in their middle management there are lots much studies that show you get better decision making,

better outcomes, better products, better solutions put forward. it is certainly competitive advantage. that is really what we've been pushing on on trying to move forward with proactive pay equity legislation, move forward not just on more parental benefits which disproportionately benefit women but insuring insuring that patel benefits are specifically part of our package so that there are use it or lose it components, if the second parent, usually the father, doesn't take parental leave, then nobody take as particular five weeks of parental leave. what that does, it creates more equal parenting or more sharing of the opportunity to raise their kids. that is something we're moving forward with. more than that when we look at so many of the barriers that exist in the workforce, we still see unfortunately toxic dynamics, harrassment issues,

intimidation, bullying, you know, sexual violence issues, that are far too common in still far too many work places and what i think the "me too" movement is a moment of awakening saying you know what? it is not okay, that you can not continue to behave in ways that, you know, might have been acceptable but still wrong decades ago, that if you actually want to succeed as a company, as a work place, you have to be respectful and inclusive of every one. that is going to require shifts but that is the right thing to do. [applause] >> i agree. let's talk about your leadership style because that is also another topic that members here really want to hear about. how would you characterize it? how do you describe your day-to-day? >> i surround myself with the

smartest people i can possibly find. and i have them, and of as many different perspectives and background as i can find. and we work together on common problems. and i, i, you know, work with them to, you know, get over certain hurdles. but you know, my, my approach is really, make you are sure i'm pulling together the mess possible people and creating the environment and conditions for them to succeed like they have in everything they have done. and a big piece of that is gender balanced cabinet. bringing together have men, half women, bringing together extraordinary diversity of back ground, stories, life experience, makes for much better quality of conversation around the cabinet table than one that would happen with

respect to every one in the room, a whole bunch of gray-haired gentlemen. that, that approach, that, i looked at pictures of cabinets of the past. even my father's time only a few decades ago, it was all older male grandparents usually who were, who were in cabinet. almost all white. and the limitation on that is when you have a whole bunch of people who came through the same sort of business or legal or professional backgrounds, political backgrounds, they all tend to come at the problems the same way whereas when you bring together exciting, dynamic young people who are ready to challenge you, folks who have suffered marginalization in their life or racism or discrimination, folks who had different life experiences than you know the lawyer sitting beside you, that actually allows you to see around a problem in a

much better way and come up with solutions that are really exciting. i mean there is a reason universities like university of waterloo in canada are the top recruiting grounds for the most innovative companies in the world including silicon valley, because when you bring together the full diversity of kids from every corner in the world, over socioeconomic background, you gather the smartest of them, throw them together and challenge them to imagine and build the fault ture you come up with amazing solutions -- future. those come up with great innovative solutions no often they happen when you bring two totally different ideas together and see how they mesh. that is where real innovation comes. that only happens when you have diversity. it starts with both bringing those people together and empowering them to, you know, feel like they can push forward

and that is very much my leadership style. >> one more question for you because i know you made several trips here to the u.s., selling the canadian story, do you find it more difficult in this environment with lower taxes, corporate taxes, depreciation costs here in the u.s. than in canada, has that story been harder to sell? >> we're still extremely competitive with the united states even with the lowering of your business taxes. we're still very competitive, if not lower. we're not as much lower as we used to be but canada's advantage has never just been about lower tax rates although that is a piece of it. it is about the extraordinary workforce, canadians themselves educated, forward-thinking, ambitious, who are excited about being not just successful in canada but global players. it comes from our great natural resources that we've been

innovative and in developing an continue to develop responsibly. it comes with the market access around the world. the fact that if you're in the united states, you have a great market that doesn't require you really to think about competing with the world. you can be very successful just domestically in the united states. canada historically always had a country way more natural resources going back to fish and furs than we had a local market able to support all the natural resources. we've always had to know that trade with the world was essential, and that gives an opening to the world, an openness to the world that will always be an incredible advantage for coming to invest in canada. on top of that the political, fiscal, banking, economic stability, the resilient communities, the diversity, the, the innovation, the forward-thinking, ambition that is what canada really is today

i'm not worried that taxes are the only thing that on which corporate investors make choices, because canada is, is doing great things. it has a great story. i encourage you all to pay attention. >> on that note -- [applause] let's thank the right honourable prime minister justin trudeau. >> thank you. >> thank you. [applause] neil: you've been watching an unusual exchange. our susan li at the economic club of new york talking to the canadian prime minister justin trudeau, perhaps she saved the best for last, talking about whether the canadian leader has been at disadvantage with the united states now, that corporate rates, individual rates have tumbled with this country. and canada is at disadvantage. he said no, his rates are lower,

more competitive in some cases. that simply is not the case. the corporate rate, even though low at 26 1/2%, the american corporate rate was slashed to 21%. they do average, they average it out, they don't make this an apples-to-apples comparison but individual by and large have a 33% tax rate. there are differences there that do give individuals a better break than they get, for example, in this country, but that is not across the board. the rich pay a little bit more in canada than they do here. it is not significant enough because with federal abatements and the lot, they're all taxable income. the income that could be taxed and ends up being lower. so on business side, justthe gist from this, the canadians are disadvantage vis-a-vis the united states. also just 10 trudeau expressing some concern about this last-minute deadline to cobble together a new deal on nafta. of course canada and mexico are

perfectly happy with the deal that is already in place but as you know president trump said he would like a new deal that would be more favorable to american workers. they don't seem to be making much progress. the deadline is really today, if you think about it, to get something together so congress can vote on it this year while republicans are in control. that does not look likely. so according to mr. trudeau it is very, very clear the existing deal remains in place and that the united states is sort of the odd man looking in. let's get read on you will of this capitalist pig cofounder jonathan hoenig and point bridge founder hallam bert. what did you think of what the prime minister is saying. >> i'm happy to have president trump and his team negotiating on behalf of the united states versus prime minister trudeau on behalf of canada. let be clear, prime minister trudeau is socialist, far, far left candidate in canada. he is the bernie sanders of

canada, as a matter of fact. what he said about the tax rates is not only thing that wasn't true what he said. he said that canada has a trade deficit with the united states. that is not accurate. canada has a trade surplus with the united states and there are some details around that but that is the reality. and we're still looking for fair and free trade. that is what president trump is negotiating. that is what he wants. canada, take an example, look at lumber and timber industry in canada, it is actually owned by the provincial governments of canada. they subsidize it to protect jobs in canada. it is not free and fair trade situation. that is one of largest exports. that is a perfect example what they're doing. if you look another example on it, they have a supply management system that falsely creates higher prices in canada for things like poultry, eggs and milk. it puts high tariffs on exports coming in. there is a lot of areas where canada is not practicing free trade. they're protected by nafta. they want to keep it that way.

president trump will negotiate us a much better neil: well we might be waiting on that for a while, as i said there are some details liked to to get something together so that a republican congress could presumably still vote on it that doesn't look likely but jonathan hoenig, on the immigration front and what he had to say about taking in refugees and immigrant s, susan li was actually quite correct even though he pushed back on the notion that his popularity has dipped in fact pretty severely on how everyone in canada are taking more in in the case in the years past have stretched the social safety net in canada like its never been stretched before what are your thoughts on that? >> well fbn susan li did a tremendous job of illicitting interesting responses especially as he pointed out on immigration whereas the social and safety net and those seeking asylum he

gave as a given part of the canadian culture and canadian government law but what was quite interesting was how he immediately went on to say so many seeking asylum so many immigrants go on to become productive members of canadian society working producing being part of the club if you will so that's one element to think of the immigration discussion, here that's never really moved forward is that many of those michael cohens end up becoming successful entrepreneurs in canada and especially in the states as well. neil: very good point one thing also we were reminded this president has gotten a lot of grief by requiring the language would give you an understanding of the english language would give you the higher point, you know, in its scale that would judge your worthiness to become a united states citizen as well as basic skillset that we just won't take anybody and everybody , yet canada has a system very much like that in

place now >> oh, exactly it's totally disagain use us for the left about being upset with president trump wanting a language requirement and point system, look to compete globally and certainly to compete in the united states you need to be able to speak the language. we're a high-tech society moving more in that direction every day so when you have someone come into the country that can't read or write in their own language and doesn't speak the language here it's going to make for a very difficult time becoming successful in the country as we move forward. neil: and yet, he's a renaissance man in his country for having this system in his place, donald trump is a neander thal. that's not fair balance. what do you think jonathan? >> well these are two very different leaders, neil. certainly immigration is one where they have vast differences to me the most interesting exchange is when he had to almost describe how he explains to president trump how trade is win-win both the canadian timber

guy benefits from trading with the u.s. and the u.s. manufacturer benefits from buying that canadian timber so we see as things so different than the canadians or the mexicans for that often time, neil but we have very similar interest in trade is really at the heart of that relationship. neil: it is interesting that their views are more in sync at least in the aggregate than we give credit, you're right, pointing out some of the big differences the cultural differences but yet it's very clear to me i thought trudeau had a lot of conned esending slaps at the president, and i wonder what those phone calls are like because certainly, he does not seem to be in sync with the president on a personal level, the scale of question that susan asked i know it was kind of funny but i knew he wasn't going to answer and it spoke of a leader who just finds this particular american president a novelty. >> i think that's right, neil and i think that if you look at

the differences in the two their backgrounds say it all. justin trudeau grew up in a political family, he grew up basically a trust fund kid. donald trump did grow up wealthy as well but he's been in business his entire life so being a businessman and coming into the negotiations is a very different thing so why doesn't canada consider privatizing their timber industry if we want to get to a fair trade deal let's talk about that as a potential negotiating point on the table. neil: all right guys we shall see very good getting your take on this very curious event to get a read from a principal player our best friend with whom we do the most trading, canada more than other top three other traders combined out of the prime minister was right so we'll be watching the fall out from that and meanwhile the dow is down about 23 points right now as we continue to go along with our broadcast here and take a look at what's happening here. a lot of it has to do with concerns about anniversaries and trade talks that are back on and we're also awaiting a white house briefing, in case you're keeping track of these events, the mueller probe is one year

old today. we already heard from rudy giuliani who says right now, he does not think an indictment of any sort is in the works, whether that comes up in today's press briefing is anyone's guess let's get the read with dow jones newswire chief editor glenn hall, trump 2020 campaign gina loudon and democratic strategist. let me get right now, this sense that the administration is saying whatevers happening on the mueller thing, it's not going to be damaging to the president. might be damaging to people around hum, maybe not to the president. i think it politicized this, but if that were the case, if that were the case, how do the mid-terms shake out? >> well, i think that's probably an alternative fact, the fact that it will not be damaging to the president. the truth of the matter is 22 people have been charged, five have plead guilty and one is going to jail and they all have

a connection to donald j. trump in some way, shape or form. neil: if it's not an alternative fact that it's not donald trump, what would you say? >> well, here is what i would tell you. the fact that they are connected to mr. trump in his campaign and people know how to put two and two together when it comes to this issue and i do think voters are smart en than probably what most people think and they realize the connection and it's going to impact the president and the republican party in the mid-terms and in the 2020 election. neil: all right, what do you think, gina? >> well, neil, the hate trump media cbs polls itself says that 53% of americans are tired of this investigation. they believe that it is politically motivated and that's where the american people stand. they're tired of it and realize the reason they're targeting all of the people around the president is because they can't find anything on the most highly vetted, most highly-investigated to the tune of more than $10 million of taxpayer money,

president in history. the american people are done with this neil. they want it over with. they want an end to it and if the democrats want to win anything in the mid-terms they better wake up to that fact. neil: i don't know where any of that is going but glenn i do know that the trade talks are resuming with the chinese today amid these reports there's bickering on the trump team without a course who wanted to get much tougher and in your face with the chinese, steven mnuchin the treasury secretary takes a more moderate what they call a globalist approach where is this going? >> well i think we're still a long way off from resolving these conflicts, neil. there's a lot of discussion that's being done in the background of all of this, and i think neither side really wants to get into a full scale trade war, but there's a lot of gap between what both sides are posturing at this point at the highest level. neil: all right but we also know , glenn, that they don't want to put a number to it. they don't want to put that is the chinese a set number to how

much to reduce the trade gap between our countries, so is that a big sticking point? >> well i think there's going to have to be some kind of reduction in order for donald trump to have made good on his promises because he made a stand out there and his administration is taking a stand about this being a key part of the negotiation so there's going to have to be some compromise but how does that look like and in what parts of industries are those compromises going to be worked out? a lot of that's going to center on technology i believe. neil: gina would it bother you whatever deal we come up with also helps a chinese telecom company that was spying on us and sanctioned for doing so. >> well, i mean, yes that would bother me if that's all true, but i think this. i think that the president has made it clear, that he not only wants to make america great again but he really does want to bring the rest of the world in and let everybody flourish under a trump economy with america at

the lead. i think the presidents been clear about that and he's done a great job of building that and giving some of our foreign competitors confidence that doesn't have to be such a tug all the time between all the countries. neil: antwon, a deal would be a deal or would it for you? >> i'm not sure but i can tell you i'm very concerned the fact that this company perhaps was spying on us and you can thank the democratic and republican politics out of it just as an american citizen i think we all have rights to be very concerned about what that could mean not just for what it was but what it could be in the future and what that could set the tone for for future for other companies who potentially think that we're going to give them a pass and work with them for spying on american citizens. neil: guys thank you all very very much. a develop waiting for the white house briefing also trying to follow-up on what sherry red stone does next she appears to have won that battle and of course, we'll still told its merger with viacon on its all

systems go on that, or is it? and what happens to cbs and by the way what happens to viacon? we're on top of it all after this.

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even talk about this a big media merger that could be on again or maybe off again, well it's certainly confusing again, a july ruling in favor in this suit, sherry redstone wins a big one or does she? what happens to leslie munes, has more headlines way out of everyone else than this guy charlie gasparino so what happens now? charlie: so the judge basically defined. yesterday the judge gave a, issued a temporary restraining order. that's how weird it was, to prevent any movement on the case until he decided whether to issue a temporary restraining order on to prevent sherry red stone from taking any action to prevent the cbs board to basically take her out of control of cbs -- neil: you'd even said historically this court loves to

do that? charlie: so today they denied the temporary restraining order so what's going to happen next? we don't know exactly what's going to happen in the next, well what time is it now? it's 1:13? by 5:00, cbs is scheduled to have a board meeting which it's going to essentially try to vote in favor of diluting her shares meaning sherry redstone's shares and control of the company. it's an uphill battle because she just imposed a change the by laws to make it like they essentially have to get 90% vote from the board. she's on the board, i think her fathers on the board as well, i looked at the board and name was still there, so it's a very difficult thing to do, but cbs now is threatening other legal avenues because if you look at the -- neil: isn't she the boss though? charlie: yeah, but here is what the judge said. judge said listen, i can't grant you a temporary restraining order to prevent her from doing stuff but you have other color able claims. that means that they might have a civil lawsuit to prevent her

from doing certain things including making cbs buy viacom which is her end game, so the judge essentially left the door open for them to file another suit under some other corporate governance law. if you read the judge's opinion it's pretty wild and cbs is saying right now, yeah, stay tuned we're going to file something else so we'll see what happens at this board meeting tonight. maybe they don't vote or they announce another lawsuit on some other grounds so i guess at some point -- neil: and then for leslie to bring up to speed running cbs, doing a good job. he is still not going to be keen on this so what happens? charlie: well at some point somebody will have to win this thing okay? so it's just royaling the stock it was down again big time on the ruling and at some point -- neil: 4%.

charlie: and viacom is up where people are betting the merger is going to happen where cbs will buy viacom, at some point shareholders and investors need some clarity on this and it has to come to a head, probably sooner rather than later. the court made it pretty clear the fact that he said no temporary restraining order if you want to keep suing, i think they want to expedite this thing at least that's the tea leaves i'm reading but at some point it's either sherry wins she does her thing where she merges viacom with cbs or les wins and he gets to say no, you're out. you're no longer the controlling shareholder and we run the show and if that happens, you know, i think in either case if that happens, i think if sherry merges viacom and cbs, i still think it's takeover bait. i still think it's very hard for that media company given the range of properties and given what's going on -- neil: together or separately? charlie: either together or

separately. neil: interesting. charlie: all the bankers say they are takeover bait. if it's separate cbs can probably sell separately, and that's the ultimate goal run it for a little bit and then sell it. neil: thank you my friend very very much. awaiting for the white house briefing any sign of progress or lack thereof on these ongoing china trade talks whose in a room, out of a room, yelling because they're not in the room. we're on top of it more after this.

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neil: well, it's been certainly one of the strongest sectors of late energy sector stocks up almost 15% in this quarter, so if you want to just take a look at it and step back from what that means with oil prices ris ing and going still higher there does seem to be a good

instinct here that whether it's the improving economy or the prospect of iran and a lot of available oil coming off the market well of course now here we be with prospects still going higher for oil oil and particularly the type that they use, that is closing in on $80 a barrel. meanwhile the canadian prime minister justin trudeau just telling at the end there is a good nafta deal on the table if the president wants to look around. >> lots of arguments that nafta 's great for canada and the u.s. but if you want to improve it and modernize it we're happy to do it, so we sat down, we've worked with them on a whole bunch of issues including this morning in washington where we have some of our top folks continuing the conversations. to be honest we're down to a point where there is a good deal on the table. neil: all right, to real clear markets editor john tamney on all of that. john it doesn't look like that

good deal that's on the table is going to realize fruition certainly today and to hear paul ryan tell it, they either do it today or the timeline that would favor congressional action on it just isn't there at least with this republican congress by the end of the year what do you say? >> well, i wish it were happening today. my view is that a trade deal is always good for the united states, simply because we are already hong kong. we have an average tariff on foreign goods of 1.4% that's why we're so rich. goods can freely come into here and so trade deals help us because they open up foreign markets to us. we have nine of the 10 most valuable companies in the world the more we're open to the rest of the world the more that we can export our goods elsewhere so i wish but the way congress works i'm not optimistic. neil: so that means what? that the consensus seems to be that in our absence or with our concerns, the canadians benefit

the mexicans benefit maybe not but what are your views? >> well my guess is that in some sense all the countries like the status quo at least the status quo means a continuation of it and then each side can play politics with the idea that there's something to be gained by countries going into a trade war but back to reality, countries, the liberal most liberal country most open to foreign goods always benefits the most because its people are working to consume, they get by the most and return for their work. better yet they get to divide up their work with the rest of the world so i hope that we remain the open country and i hope this is bluster from trump that merely opens up foreign markets for u.s. producers. neil: more pressing right now might be the ongoing status of these trade walks with china and of course their key people are in town and there's been much report about a dust up and the division within the white house ranks as to how tough to get with china. what do you think? >> well again, i hope that we take the high road here, and we should do this because it's very

much to the advantage of u.s. companies. gm sold more companies in china in the first quarter than it sold in all of north america. one-fourth of boeing's planes are sold in china. nike's number two market in the world is china. starbucks has more outlets in shanghai, double than it has in new york. the potential for china for u.s. companies in the future is massive, and so the last thing we want to do is shut off trading lanes to a country that could quite literally be 50 beverly hills for u.s. producers neil: all right, john thank you very very much. let's go right now to the white house briefing and get a sense of where they stand. >> first quarter salaries to the department of veterans affairs to support their care giver programs. acting secretary of veterans affairs robert wilkey is here to accept the check. i'd like to bring him up to say a few words about how these funds will be used.

make sure that i give you the all-important actual check. >> thank you very much, sarah and good afternoon. before i address the president's generosity i want to say a couple of thins about what happened in the house yesterday. i want to send my thanks and the thanks of veterans affairs to the chairman of the house veterans affairs committee, dr. row and thank you for the bipartisan coalition that he forged together. the vote yesterday was overwhelming, 347-70, and this is long-awaited legislation that our veterans have been waiting in anticipation of. this takes seven community care programs that we've been using for the last 15-20 years and condenses them into one. it also makes it much easier from our veterans to obtain care that they need at the moment that they need it in homes and in facilities closest to where

they live. this also opens up the caregiver program to long-waiting communities within our veteran's world. those veterans from world war ii , korea, vietnam and the gulf war who have not had access to a community caregiver program that was opened up for those who have served in the military since 9/11. so with this strong bipartisan support, we urge the senate to take up the house bill and give it to president trump, hopefully , before memorial day. but i also want to single out the major veterans service organizations. 38 of them signed a letter in support of this legislation to the house and senate leadership, their people have been walking the halls of the congress for the last week, they will be in the senate next week and we can't thank them enough for their support for our nation's 20 million veterans. and sarah i want to thank you for the announcement.

i want to thank you for president trump's generosity, the president's gift underscores his promise to do all that he can for veterans which includes supporting those who care for our veterans, not just those of us at va, but the husband's, the wives, the families, and the community caregivers who are out there day in and day out, making life easier for those who have born the battle. president trump understands the critical role of caregivers in beating the essential needs of america's veterans so we've already earmarked this gift for caregiver support in the form of mental health and peer support programs, financial aid, education training, and research i am deeply grateful to president trump for providing me the opportunity to serve america 's veterans and for his generosity in supporting them so thank you, sarah and thank you to president trump. i know how much this means to

america's veterans. thank you. >> thank you so much. >> thank you very much. neil: all right we will continue monitoring this briefing but that is a significant development and we don't want to say it's coincidental to a chat we had yesterday with scott davis the whistleblower at the veteran's administration who was telling us some problems that were persisting this legislation that they're talking about here with the $52 billion plan called the va choice and community care act and it essentially would among many many other things allow veterans who are facing long waits at va hospitals to pick and choose a private hospital in nearby community and get to the front of the line or at least the front of the book ing process. this has been a problem because wait times with all the changes and all the hoopla back and forth, we've not really seen much progress in that regard, and one of the things we got with scott davis on this whole issue was whether those wait times had even improved marginal

ly. he said collectively they have not but crisis lines things got a little bit better but by and large with president trump coming in and even with the much talked about promise hope for new direction it hadn't materialized this was from scott davis yesterday. you're saying with the exception of the so-called crisis hotline, you wait and you wait a long time, still. is that true? >> that is correct and matter of fact the hill did a report on this just in march that va had been caught sending false reports about wait times. we know that veterans are still waiting on average longer for care, and this is something that the president talked about fixing when he was running for office. neil: so you had said that whether the president realizes it or not and i quote, things have gotten much worse since he took office. you took great care not to blame him but what did you mean? >> well, i mean that even though he is now the new

president, the people who run va , who are running it into the ground when he was campaigning are still there. people like dr. carolyn clancy, brought into run vha, four years ago during the height of the scandal and 2014 so it's not just enough to change the president or bring in a new secretary. you have to get rid of the people causing the problem. neil: bottom line, that is not evident. there have been very few firings in fact very little administratively that has changed there and so a lot of our bravest continue to wait and doesn't this next guest know it, but is here to tell about it and maybe some signs for him at least, there is a potential for progress, the former marine bomb technician johnny joey jones who experienced a lot by the way with scott davis, very good to have you. >> good afternoon, neil. neil: tell me a little bit about your story and whether you are

seeing change. >> yeah, absolutely so to roll it back in 2010 i lost my legs in afghanistan, i recovered there and found a way to work and try to help other veterans 2011 worked at the veterans affairs committee so i've seen firsthand from the congressional oversight side just how bad these problems are and how bad what i would consider to be a deep state version in the va is because we have too many people right now who think their job is to preserve their job and preserve the va, and more importantly the funding there, so my personal experience, just the other day and this is years in the making but kind of the straw that broke the camel's back if you will out of five and a half hour wait time at a local va emergency room based on information provided to me by the va on three different occasions that's where i needed to be to get a prescription filled and was told they couldn't fill it there anyway and turned away. i've had the director director of clinicians at that er and the director of my local clinic reach out to me and both had the same connell: message over and

over again. they're understaffed and the volume is too high. i heard the same thing when it took two years to get a housing grant that should have took six months and heard the same thing who looked at me at a va clinic and said you should go somewhere else and a va coordinator told me they couldn't get me a wheelchair and i should talk to a non-profit to get one so everywhere if it's vha which is specifically healthcare, their excuse over and over again is they're understaffed and under resourced so they're already overfunded for what they provide so we throw money at the problem that doesn't get better and one place to look is administration and these people. neil: so johnny we have the five plus hour wait when was that? >> this was last week. i think on may 8. neil: last week? >> yes. neil: so the reason why i mention you're a familiar face to a lot of people because you've been on fox a number of times your story is a very

inspiring story a lot of people are aware of you. did they know you not that that should make a difference? >> no, well and that's what's funny about this. i've heard from senator isaacson and purdue, multiple va administrators but when i was there at night at 3:00 in the morning i was told i couldn't be helped and decided to leave instead of wait what was two more hours to be told no, i left my name and e-mail address and said listen, look me up send me an e-mail if you guys would like to give me an explanation because you'll hear about this because it's not right for me and not right for millions of veterans who don't get to go on fox news and talk about the problems in this country and possible fixes so it isn't like i should have been treated well because of who i am or anything like that. i raised my right hand in service to this country. neil: no, i clearly agree but it does make you think if someone like you had to endure this god knows what people who are not nearly so well known had to endure. if you had your then the type of

person should had the va, what their background should be and what they should do first what do you think? >> you know for a long time i thought it was someone who should right the ship and now i'm beginning to believe it's someone that's willing to scuttle it. jeff miller is a great pick. what i like about jeff miller is when i worked for him in the house foreign affairs committee he wasn't afraid to race issues that honestly were the right thing to do but didn't ander to either political side whether it be reinvestmenting how veterans get these large disability checks but are able to work every day or go to the va and say why can you take billions of dollars and not provide hundreds of thousands of dollars worth of care. there are fixes across-the-board and i think it starts with re- evaluating if the va is an aunt equated system altogether on the health administration side and i know i could go to a civilian doctor and he knew my name, family's name, what i did for a living,

said thank you for your service multiple times before i left and could call him and get seen 30 minutes later. i never had anything like that in any of the va's across the country and that's a big start right there. neil: it's amazing. johnny, i can't believe it, but in a way i can. johnny joey jones, and as he pointed out, it shouldn't be about whether you're known from your appearance on fox, just that you sworn allegiance to this country to protect this country and do everything as johnny did with some big sacrifices in the process but to anyone to have to endure what they're dealing with is beyond the house freedom caucus member dave brat on that and so much more after this. hi, i'm bob harper,

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neil: all right, let's step back into the white house briefing they're taking comments allegedly taken out of context on the part of the president referring to ms-13 gang members. >> it took an animal to beat a woman they were sex trafficking with a bat 28 times, indenting part of her body and it took an animal to kidnap, drug and rape a 14 year old houston girl. frankly i think that the term animal doesn't go far enough and i think that the president should continue to use this platform in everything he can do

under the law to stop these types of horrible disgusting people. i'll take one more question. >> thank you, they were less likely than a week ago before the statements came out? i can tell you we're ready and prepared and if they happen they happen and if they don't we'll see what happens. thanks so much guys we'll see you here in a few minutes with the president. has the president ever lied to us? neil: all right short and sweet here one of the things that came up of these comments where they were taken clearly out of context where some in the media were pouncing on the president calling all legal immigrants animals when in fact at this white house session with a lot of california mayors and officials who were against becoming part of the sanctuary state push in california, we're referring to ms-13 gang members, in getting a free pass in the state and very very easy to run in the state and it was these

groups, very violent groups, their violence in fact is beyond the pay off to whom the president was referring to as animals and nevertheless of course you could see that she was taking that back and fourth there. the issue of china trade i don't believe did come up but we are focusing very very closely on those negotiations as they continue right now chinese officials in washington there have been a dust up as you might recall in the administration between conservative forces that want to sort of get in china's face led by the likes of peter navarro and those taking a more gradual approach who are trying to cobble together a deal that might not be ideal to the president but would be a deal as well that would take off a trade war before the mid-term elections something pushed by steven mnuchin the treasury secretary. we are also told separately that while they were all in china a couple weeks ago, in the first round the trade talks, that mr. mnuchin and mr. navarro got into a shouting match with each other and apparently not within earshot of chinese officials although there are reports that it was chinese officials who

leaked that shouting match. others claim that it was the treasury department that leaked it. who knows. so many leaks so little time. with us right now is the budget committee member dave brat, republican from the state of virginia. congressman very good to have you here. >> hey, neil thank you. neil: how would you feel, not so much about the alleged shouting matches between principles in the administration but on china trade if it's a watered down deal, it might not be everything like you wanted but it would be the first time the chinese have responded by trying to reign back their practices. >> yeah, i think everybody acknowledges, we started off with the tariffs et cetera got feedback from industry and architecture et cetera so a first move you've got to send a strong signal to them and at the same time, we're making up for a lot of lost years where china hasn't been win-win on anything right? they've been stealing intellectual property rights and not providing a win-win

environment. we setup the entire post world war ii liberal order and as a win-win situation so it's time to start sending signals and we'll find the right balance. neil: in the meantime, they're trying to talk up the improvement that's been made right today for veterans. we had the big whistleblower on this show yesterday, congressman , who claimed that despite alt talk and promises, wait times are still very long at prominent war hero who said that really has not changed and he's a well known figure. you think about the va, it gets $185 billion a year, it doesn't seem to be money well spent. >> right, i mean, we're working at home with our constituents here in the same thing. i was one of president trump's bold its promises you could tell he meant it, when he says we're going to take care of our vets but a year later we haven't made significant progress the people expect so we're on it and we

tried to add some flexibility and it's going to take a while for that to kick in but i agree with you we're hearing the feedback and we've got to do better. neil: do you think we need a va? >> yeah, managing it is the hard part, right? that's always the tough part when you federalize anything, but in this case, the veterans, they have our veterans hospitals one shop it takes care of not just the medical needs but a whole host of needs. that would be heart to find out in just the private sectoral those needs bundled into a package for them so we need it i don't know if the current format i think needs to be relooked at in a major way so that's why we're having a hard time with leadership that post is shifting and we're going to get it right but it takes more than one year. neil: the reason i mentioned it we had a guest on yesterday after this interview with this

whistleblower and said maybe the more efficient solution is just to have any vet at any time go to any doctor, physical or psychiatrist, psychology, whatever and send the bill right to washington. it's efficient, it streamlines the process, he or she gets the treatment they need when they need it and would have to be a lot cheaper than 185 billion we're sending out on an agency that has let many of them down. >> right and that's the right logic. you're still providing that comprehensive package for our veterans and we don't want to diminish that but that's the efficiency move that for some of the healthcare cost procedures psychological all that sure let's try to find the most efficient way to use the private sector with the huge pot of money up here. neil: while i still have you sir and i'll be talking to very shortly our susan li just finished an interview a fascinating exchange with justin trudeau who had been hearing

these threats from the administration that it does not want it to be in the nafta court and furthermore it looks increasingly likely that we will not get that new nafta court he wants certainly by the end of the year and the time deadline could be slipping away. what do you think of that that we could be putting ourselves potentially at a disadvantage that no accord is not necessarily better than the one we've got. >> we'll see president trump and the white house have been negotiating hard on korea with leverage on china with leverage and here and so you kind of have to wait to see. we're putting max much pressure in order to do what's in the best interest of the american worker and so we'll see what it ends up looking like. it's hard to read it ahead of time where we're going to end up but we're just saying look the president said we're negotiating on be half of our workers to make america workers best off and so we'll see what the deal looks like. neil: do you think that

americans should be prepared for the possibility that because of the stance and for whatever reason there are going to be a lot of goods that come moo this country that are a lot more expensive and when it comes to china, let's say tariffs take effector say even if they don't, that americans should be prepared for sticker shock. >> i don't think so, even the folks pushing that in the white house are saying look very few tariffs are actually in play right now. it's more about negotiations and larry kudlow is in the white house more of a free-trader but at the same time he'll say look, we setup the post world war ii environment, as a win-win. china's not playing ball there, we're paying the bill forest of world we did the plan we propped up our enemies germany and japan china hasn't they're stealing intellectual property moving in the wrong direction carving out self-interest in africa and all around the globe, that's not win

-win for those countries or the free market system and so it's a tough one because we waited t long with korea or iran et cetera. if you lag on foreign policy and lead from behind for too long then you hit a wall and we're in a hard position right now but we're negotiating from strength and right now there might be a few speed bumps but sticker shock i think is too big a term right now. there's going to be a couple little speed bumps but in the end we end up putting the american economy at a better footing. neil: knock-on whatever. congressman great seeing you again. >> sure thanks, neil. neil: certainly the united states congress and meanwhile as i mentioned, justin trudeau canada talking to our susan li about nafta and a key stick ing point take a look at this. >> one of the key sticking points for mexico and for us but is this idea of the sunset clause on a trade deal, and to

put it in a frame that maybe someone who i don't know, did a lot of real estate deals might understand. if you agree to build a building on a particular parcel of land, but only hold the police for five years, and after five years you actually lose the lease you might not be interested in investing in the building that's going on that land. neil: that struck me anyway a little condescending but if the president were watching that, anyway, susan li, that was outstanding. great job. >> thank you. neil: broke a lot of news there the least of which is revealing that this prime minister is not a big fan of this president but he is worried this whole nafta thing is sort of falling apart. >> well i think he said that there is a deal on the table.

it's a good deal, but they're so far apart. neil: but he doesn't like it. >> the sunset clause for one and the arbitration system is another sticking point. neil: but five years and the way that you can understand if you were a real estate developer or whatever, is that a sticking point for the president? >> absolutely for the u.s. president, no, definitely not because he wants a shorter term nafta where he can change the deal and he says to modern ize it, right? things change. neil: to keep refreshing. >> nafta has been around for 24 years. neil: what was your impression of just talking and his take on this president and everything else? >> you know, i asked him a question so if i ranked the mexican president -- neil: i thought it was brilliant >> a 1 or a 10 where would you rank in between and he didn't take the bait, but i think they have a close relationship. they're always on the phone together obviously big personalities, close relationships. neil: opposed politically though , right? >> yeah, and immigration is now

an issue in canada especially if you live in quebec with a lot of asylum seekers. neil: the one thing president trump is about having this sort of scoring system that would give higher scores for those who understand the language or bring a certain skillset when this is actually some of the system they have in place in canada now. >> correct that's called the point system and so it's education language and you speak french or english you get ranked higher than other immigrants applying for residents in canada so that's been out for a while actually and hoping that also the u.s. president trump has pointed to as an example that maybe the u.s. should take on. neil: you pointed out as well even though you wanted to pushback on his notion that his popularity poll numbers have dropped as a result of being open to anyone and everyone in that he went a little too far. how did he respond to that? >> well, what are you saying? neil: yeah, right. >> his popularity is down some

would say below 50% especially going into a re-election year in 2019 and the conservatives have been punishing him in domestic canadian politics draining the system, rallies of protest and a bit of populous movement happening in canada as well. neil: does he have to worry about that right now or will it be better crystallized next year >> that's a good question. neil: because the economy is doing well. >> the economy is doing really well, real term growth of 3%, tight labor market so he's riding high economically going into next year and i'd still say the opposition is in a bit of disarray he still has a popular vote right now. neil: what did the crowd think of him at the economic club? >> well it was packed, standing room only. neil: just for you. >> oh, yeah, obviously, standing room only and he's a charasmatic leader that has caught a lot of attention so you can imagine there was a lot of fanboying in there don't you think?

neil: yeah, i did think that. he talked about the upcoming north korean summit you can watch very closely, maybe some historyonics here but canada is not part of those talks but he does believe he's a long term believer in negotiate negotiate negotiate don't walk away from something didn't rip it up so that's not this president's style. >> [laughter] and i think he has to be prepared for that don't you because the u.s. president could just walk away in six months but one quote that stuck out to me in terms of negotiation especially with global leaders when i asked him about north korea something being discussed right now june 12 that summit after what do you think about discussing and can you trust somebody like kim jong-un of north korea and he said well, you know, we all have to work with people that we don't trust. neil: i thought that was very profound. on that same subject by the way the president has inquired about this and while he is letting the nato secretary general for increasing allied

contributions to nato and all of that he was separately asked about what he makes of the north koreans and the change in stance and adding all these things maybe don't agree to denuclearize, we don't like how you're acting mr. president. the president saying perhaps kim jong-un doesn't want a summit, so this is going, this is getting -- wow do you think this is fear of the deal as well? neil: i don't know but that's a pretty blunt statement again this is just coming we're getting bulletins in concerning some of these other discussions they've been having, nato of course wants to see that these talks continue, they think they would be productive for world peace, but the president indicating right now, don't necessarily hold your breath. susan thank you. >> thank you. neil: really really good job and that was a tough crowd. very tough crowd. all right again just to keep you updated on that as susan and it i were speaking the president seems to be fighting fire with fire, saying that he suspects

that maybe the possibility here is the north koreans really aren't keen on this summit so i guess that's his way of saying back in your face. but again they are still scheduled to meet on june 12. knock on wood ever, more after this.

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a kohler walk-in bath provides independence with peace of mind. (ch(baby crying)eat) ♪ fly me to the moon ♪ and let me play-- (jet engine white noise) (airline "ding") (bell mnemonic) ♪ neil: by the way all these bulletins we're getting, what the president thinks of north coming out of the nato general

stoltenberg. he will be on you're world in 4:00 p.m. eastern time. -- "your world." whether the is president is really thinking about the north koreans are not really serious about meetings. the back and forth goes on. we're told the meeting is still on. cheryl casone through the next hour. cheryl: neil, we have lot of breaking news through this hour clear hearing comments that u.n. does not want the summit. we'll bring the tape as we soon as we get it. all this tit-for-tat, north korea or nafta or china trade happening. the duh is down 54 points