saying colonel sanders called blacks n's. he never got a public backlash, obviously not good at all and you can see the reaction. >> there you have it. that's actual from us, a delightful three hours with news happening all the time. i see charles payne in for neil, can carry it through. go ahead, charles. >> i'll try my best. welcome to "cavuto: coast-to-coast," i'm charles pain filling in for neil today. an actual timeline, if you will to the $200 billion in promised tariffs on chinese goods. the news, of course, now china, everyone waiting to see how they will retaliate since they don't import that much us from. president trump is taking on nato leaders face-to-face and so far no one is backing down on trade. want to go to our first guest market watcher brian wesbury. i say we've crossed the rubicon, president trump has, firm in commitments, firm in

beliefs that the imbalance hasn't worked, and so i don't think he'll blink. the question is someone's got to blink, right, brian? >> yeah. somewhere along the way. i mean, what you want to avoid, obviously, is an escalating trade war like we had in the 19 1k30shgs charles, i want to be clear to you and everyone, i don't like tariffs. i don't like them at all. they are taxes on consumers. but what i find fascinating and, in fact, i think it's instructive today is that everybody seems to be against the tariffs, except for those who support trump 100%. and what they're saying is they're a tax hike. well president obama did two tax hikes. one of $600 billion. one of $800 billion for obamacare, and i don't remember the gnashing of teeth and the angst of the market over those

things. what's fascinating to me is we seem to have -- it's ironic to me that people are so outraged by these tariffs, when they should have been outraged on the massive tax hikes on american producers. >> great point, i'll piggyback off that and say that the chinese media trying to leverage this. last night when the news broke, they came out with a statement, when they go low, we go high. i laughed about that because it didn't work for hillary clinton. over the weekend, a lot of the chinese newspapers called president trump, lighthizer and peter navarro the iron triangle and they were the only americans in support of this tactic. what do you make of it so far? >> well, i'm not sure they're the only americans in support of the tactic. i agree with brian, i think the broad consensus is that this thing is more than a tact, it's

economically constrictive. i think the long-term play has nothing do with going through with tariffs on what now is half of all the imports from china into the u.s. that's what we're up to now. the long-term play is to negotiate to get some intellectual property relief, to get some of the unfair things worked out, and charles, if the market believed that, we wouldn't be down 7/10 percent, if they believed this was a big deal. we'd be down multiple percentages. >> to your point about tax hikes from president obama. let's assume we'll get the additional 16 billion to go with 34 billion and september comes and get 200 billion. i've done the math. tariffs add up to extra increase on the imports from china of $32.5 billion. >> right. >> the ultimate impact of 32.5 billion on the 18, 19 trillion

dollar economy. is that enough to derail all the great things going on out there? >> absolutely not. that's one of the key things. i was against the obama tax hikes both times, in 2013, when the bush tax cuts expired, when obamacare went in, i was completely against those. however, what i did say is underlying the u.s. economy, the new technologies we had, were going to allow us to continue to grow. these tariffs, even if they were fully enforced and did raise 32 billion a year, they would have less of an impact than those obama tax hikes. the u.s. because of corporate tax cuts, deregulation, new technology is going to continue to grow faster, and then one final point and i want to add something that d.r. said, china has a state-run espionage network, stealing our technology.

somebody has to stop it, and we've tried talking, we've tried using the wto, we've tried every way we know how. so maybe trump is onto something. maybe we have to be tough make them stop. >> you know, other than today, going back to last monday, guys, the dow was up every session except tuesday when it gave up more than 100 points because of a bogus court ruling that suggests that micron technology was stealing from a taiwanese company with deep roots to china. i think the market was shocked, that says to me that china is willing to use their own court system to protect their goal of main china 2025 which ultimately means technology dominance. we have to fight back. competition we love, but not at expense of stealing the hard work of americans. >> well, your point is well made, charles, and one of the big things is that, you know, a

state-run -- you know, this is a state-run economy combined with capitalism, we realize that. but that they use the tools of the state in a way that we don't and won't and don't want to here in the u.s. they'll do a dawn raid on the company and just take their stuff while they're there. so those are the things that we're trying to get taken care of her by using the economic push that president trump is using, and again, i keep saying that the markets are saying that the long-term play is not a big tariff battle. >> gentlemen, thank you very much. >> totally agree. >> great seeing you. >> breaking news for you, the white house saying that president trump is asking nato leaders to increase their defense spending to 4% of gdp. remember, the overwhelming majority of these countries are having a tough time living up to the 2% commitment that they

made in 2006. the president hitting germany's chancellor over kowtowing to the russian. listen. >> if you look at it germany is a captive of russia, because they're getting so much of the oil and gas from russia. i think it's something that nato has to look at. i think it's very inappropriate. you and i agree it's inappropriate. i don't know what you can do about it now, but certainly doesn't make sense that they pay billions of dollars to russia and we have to defend them against russia. >> former margaret thatcher aide, what degree does europe in particular, particularly the nato need us as much as we need them in this scenario? >> well, i think firstly, definitely europe needs the united states greatly on the nato front. the united states absolutely vital to the defense of europe, but also the united states i think needs its nato allies in

europe as well, and so nato is not just of course about the defensive europe, nato serves many u.s. interests on several fronts, not least nato has key bases all over europe used by the united states which forces can be deployed all over the world. i think nato definitely is in the interest of the united states, but at the same time, you need to have all nato members stepping up to the plate, pulling their weight, investing more in their defense. this is why the president has been right today challenge angela merkel and other leaders in europe who are not investing enough in the nato alliance. >> not investing enough. this is an absolute joke. if russia rolled up to the german border with 100,000 troops, the place would collapse. let's talk about not being prepared. zero of six of the combat submarines aren't operational.

nine of 15 frigates out of service. zero of transplant aircraft, the big ones were not worthy on several occasions. six of 30 logistics battalions are not fully equipped. the list goes on and on and on whether you are talking about fire jets. transportation helicopters. if russia rolled up with 50,000 troops, germany would have to give them the keys to the country. i can't believe that they're pushing back on this when the fact of the matter is it's gone on for a long time. they made this commitment in 2006 and haven't lived up to it! >> i agree. the german military today, the state of the german military is an absolute embarrassment for europe's biggest financial power, germany. and you pointed out all the deficiencies on the german side. reality is that if the russians decided to roll tanks into germany tomorrow, without the presence of u.s. and british forces, for example, defending

germany, the russian would get away with it. so the germans spend a pathetic 1.2% of gdp on the fence. that's absolutely unacceptable. at the same time, they're building a pipeline with the russians known as the north stream 2 pipeline, bypassing u.s. allies in eastern europe, poland, the baltic states, for example, and this is a big economic deal of course for the germans which is fundamentally doing the bidding of the kremlin and vladimir putin. and so absolutely right. what trump was saying today that the germans are kowtowing to moscow, appeasing the russians, undermining the security of europe with the building of this pipeline, they need to rethink this. this north stream 2 pipeline is very, very bad news for europe and the alliance. >> to your point, henry hub natural gas in america. $2.81 per million btu's, russia

7.22. make it any price possible, we'll subsidize to take market share. in japan it's $9.40. we're working on the facilities to liquefy it and export it, why wouldn't germany cut a deal with america. we're this great of an ally and love us so much and we're friends, why do this with russia? >> liquefy natural gas from the united states which is a huge producer of it at a lower price. the reality is that a lot of german companies are up to their necks in business deals with the russians. that's what's at stake. the close financial relationship with germany and moscow here and this is what they're trying to protect. this is what the pipeline is all about. it's serving, really, german economic interests at the expense, really, of the whole of all of europe.

it's a fundamentally bad deal. it's exactly what the russians want, so yes, the germans are bowing down, before moscow over this pipeline deal, and the president has been 100% right condemning this. >> i can tell you right now, i'm no body language expert, nile, the images we're getting now compared to canada seem to be night and day. if nothing else, the european leaders are at least acting like they're listening to president trump. >> i think they are listening. >> it's always great to talk to you, nile, thanks a lot. >> thank you very much. >> brett kavanaugh may have gotten the backing of two key senators. details for you. stay tuned for my show, "making money" at 6:00 p.m. eastern. we'll have the latest fallout not just from tariffs but earnings season begins, i want you to be positioned properly. so make sure you keep it right here on fox business.

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. >> i think brett kavanaugh's record shows he goes into a case being fair and open-minded and does believe that the courts need to consider precedent. that's a very important part of the confirmation. >> he's a great pick, and i don't think he'll have a hard time in the end getting confirmed. there will be a fight here, a partisan fight, in other words,

won't be about this guy's qualifications, clearly qualified. his intellectual brilliance, clearly he's a real smart guy. charles: trump adviser leonard leo and ohio senator praising kavanaugh as two gop senators, they're speaking favorably with him. adam shapiro on the latest on kavanaugh's lobbying campaign. reporter: two senators are susan collins from maine and lisa murkowski from alaska, and they're key because both had said they would be opposed to any nominee who came in with the intention of overturning the supreme court decision from 1973, roe versus wade. but susan collins in an interview with nbc yesterday seems to believe that is not an issue with the nominee judge kavanaugh. here's what she said to them that he had back in during his confirmation hearing to the district court in 2006 said that roe was settled precedent.

and collins said that was pleasing for her to hear that, when he said it was settled precedent, that is my judgment as well. i was glad to hear him say that at the time. she intends to raise this issue with him when they meet privately. i reached out to her office. there is no scheduled meeting yet but they are going to meet privately. now, with lisa murkowski, she was quoted last night saying there are things people on the list i would have had a very difficult time supporting. we are not dealing with that. these are two favorable statements on behalf of the noirngs and then you of course got the meetings taking place with senators who are already in judge kavanaugh's camp, for instance, orrin hatch who met with him this morning had this to say. >> we're very proud to have the judge here with us today. he's already on the second greatest court in the union, and he has handled himself very, very well, and he's a judge with a lot of experience.

i expect his confirmation to go well. reporter: and again, the administration said the average time from nomination to confirmsation around 66 days. they want that and expect that with judge kavanaugh. just want to let you know chuck grassley, chairman of the senate judiciary committee was on with maria bartiromo this morning and says the judge has great faith in interpreting the law, not stretching the law, following congressional intent, being strict on the interpretation of the constitution and according to chuck grassley, that impresses him. looking favorable from the republican side for the judge's confirmation and to reiterate susan collins and lisa murkowski appear to be coming on board with that. charles: thank you very much, president trump's supreme court pick under fire from a leftist group who labeled him a right-wing extremist and the far right saying he's part of the swamp.

to judicial crisis network spokeswoman gail proddard. the night of the announcement saying that this will have a profoundly negative effect on women's rights, voting rights and brian fallon, president obama's former guy said that kavanaugh criticized roberts ruling on obamacare, opposes net neutrality, opposes the consumer bureau and, of course, the big one, i think it seems like the left is now circling on and hoping works out for them saying that potus can't be indicted and the president of the united states can fire special counsel whenever he wants. that seems to be the new thing because i'm not sure that the roe-wade argument works anymore. >> trying to throw everything against judge kavanaugh that they can and unburdened by evidence or reason.

judge kavanaugh is the best person to fill the role on the supreme court. he has impeccable qualifications, he's fair, independent, faithful to the constitution and the evidence shows that he would be an excellent jurist. you're going to continue to see attacks from the left as we go into the confirmation process, and anyone who wants to learn more about judge kavanaugh can go to confirm kavanaugh.com and find out for themselves whether they think that judge kavanaugh would be an excellent addition. charles: he's making the rounds and meeting with senators on both sides of the aisle. if they bring these up they say, hey, what's this about a president of the united states not being indicted or being able to fire a special counsel? because i'm getting conflicting word from the legal world whether or not he's even actually said these things or if they were implied or interpreted a certain way? >> right, he should take the ruth bader ginsburg approach of

declining to answer specific questions about cases or controversies that might come to the supreme court. that's something that nominees on the right and the left have done, but certainly in discussing that particular issue about the special counsel, that was under a statute that was upheld by the supreme court, with a withering dissent from justice scalia who said that all executive power is vested in the executive branch, and that statute was violating separation of power. and justice scalia was proven right because that statute expired and it was never reupped by the congress. so if he wants to go into the details of that based on writings he's had, he can say he stands in good sted with justice scalia. charles: to the other side and not as detrimental to the confirmation, certainly the debate within the republican circles is kavanaugh is the establishment choice, that mitch mcconnell won again, that

the bushes won again and this is not necessarily in line with the spirit of the election in 2016 that saw president trump wipe away the establishment candidates. what would you say about that? >> well, president trump started one of the most transparent processes for selections of supreme court justices. as you know, charles, he's had his list before he was even elected president. he added a few names to the list after he was elected president. so people had the chance to really get to know these potential justices, and judge kavanaugh, even people on the left, professors from yale university law school, say that of all the lawyers in the country except the justices who are sitting on the supreme court right now, judge kavanaugh is the most qualified to serve in this position. so it would be against all evidence and reason to object to his confirmation to the supreme court, from the right or the left. >> i read a piece yesterday from stephanie hamill, i think you know her well, she was

disappointed that a woman wasn't picked, that republican presidents have picked all men or more recently certainly the last several picks have been men. any problem with this not being a woman, gail? >> no, i don't think we should succumb to identity politics. we should have the most qualified people, and president ronald reagan was the president, republican president who put the first woman on the supreme court. justice sandra day o'connor. i don't think we need to worry about that and don't want to play into the left's politics about identity sex. we want to have the most qualified people on the supreme court. and there's still time. charles: gayle trotter, always great talking to you. >> great to be with you, charles. >> trump gaining with hispanics and i think this could be the new swing vote. we'll discuss it next. whoooo.

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tripadvisor. the latest reviews. the lowest prices. whenshe was pregnant,ter failed, in-laws were coming, a little bit of water, it really- it rocked our world. i had no idea the amount of damage that water could do. we called usaa. and they greeted me as they always do. sergeant baker, how are you? they were on it. it was unbelievable. having insurance is something everyone needs, but having usaa- now that's a privilege. we're the baker's and we're usaa members for life. usaa. get your insurance quote today. . charles: president trump's approval rating continues to

rise among hispanics. a new emerson college survey showing 62% of hispanic voters feel they are better off financially than two years ago, this as hispanic unemployment hit a new all-time record low. to chris garcia and director of media research center latino, ken oliver mendez. let me start with you, chris. last month, i want to put this in perspective for the audience. the one thing that hit me the most. 164,000 more hispanics entered the labor force. 250,000 more hispanics got jobs than the month before, the unemployment rate plunged to 4.6% from 4.9%, an all-time record for all the right reasons. this has got to resonate with voters, no, chris? >> absolutely. thanks for having me on. i think the numbers are confirming exactly what american voters which include

hispanic voters wanted in a president all along. we wanted a president who keeps his promises, who puts americans first which includes hispanic-americans, hispanic-americans are more concerned as we know not about immigration, immigration is the fifth most important issue to hispanic-americans, it's about jobs and the economy. and this president is delivering. charles: ken, having said that, were you shocked at this emerson poll, it came out of left field. 62%, the average in the country is 42% but 62% of hispanics in the poll said they feel better off now than two years ago. >> yeah, of course, charles, that wasn't news on univision or telemundo. this comes on the heels of the harvard harris poll, the support among hispanic voters for president trump's handling of the economy and stimulating jobs now at 57%. the numbers keep going up and up. support for the policies very

high. charles: so it's interesting because you mentioned the hispanic or latino media there. what about the other side of this, this sort of -- the narrative from the democrats and the scenes, what happened at the border does, that, do you think ultimately, people think of that and tugs people's hearts, and seems in the non-hispanic media this gets played up a lot. we never hear about the extraordinary things that are going on within the latino community. ken? >> this goes to illustrate the disconnect between the average hispanic voter in the country and the average hispanic viewer in univision and telemundo and what they're getting. average hispanic viewer is seeing results, seeing jobs. news for them when hundreds of thousands of hispanics are getting jobs in the milestone month of june which hit all-time low of record hispanic

employment. charles: you know when your cousin got a job, we also learned that may, we had a record number of americans quit jobs, all-time record. you know people feel like i'm quitting the job, i'm going to have a better paying job. we hear it all the time and we know, it's ironic because at the dinner table a lot of families say hey, so and so just got a new job but i'm going vote for the person that depressed the economy anyway. that's an interesting thing. how do republicans get over that? >> first the republican party has to continue with outreach to hispanic voters, period. charles: you said continue, i don't know if i've ever seen them start. >> they're doing a great job at rnc. we have a great, great special assistance at the white house jennif jennifer coren, yes, it's about the policy, the economic policy but also about recognizing the accomplishments of not just hispanic workers but hispanic

businesses. just last october we had president trump be the first president in the history of the united states to ever invite minority businesses to the oval office to recognize their contributions to the economy. and you know what? that actually took a lot of planning to do, but the president wanted to make sure he recognized minority business owners, hispanic business owners and say from one business person to the next, i get how hard it is and i'm going to make sure my policies help your business not just to grow and scale but help to export to latin america, help to boost u.s. exports and make sure you are hiring more people. charles: i think the white house, particularly president trump is take an approach they haven't seen with the republican party in general, particularly when it comes to cheering on the gains for blacks, gains for hispanics, invitations to the white house, initiatives, including prison reform that resonate in those communities. i haven't seen the republican party at large do this. i want to ask you, ken, from

where we go from here? and whose responsibility is it? i believe there is something, if you look at the election in the bronx of the young lady ocasio-cortez, there is resentment in the communities against the establishment, and it feels like the bernie sanders side is the beneficiary of it so far. >> well, charles, that's a marginal element of the population as a whole in the country. when you look at for example, battleground state like florida. in the midterm, you have governor rick scott tied among hispanics in florida about unseating the incumbent senator in florida. that's a real battleground and where hispanic votes count in high proportions. you are seeing the challenge for republicans is connecting the support for policies with support for the candidates. charles: interesting you say that because karl rove

underestimated the influx of puerto ricans into florida when they thought george bush was going to win. doesn't take a lot to turn the fate. gentlemen, thank you very much, appreciate it. >> thanks, charles. charles: president trump should be arriving any moment. nearly 30 states have seen a jump in gas prices. could this be the real threat to our strong economy? we'll talk about it, next. napoleon is duping us! all around louisiana... you're a nincompoop! (phone ping) gentlemen, i have just received word! the louisiana purchase, is complete! instant purchase notifications from capital one. so you won't miss a purchase large, small, or very large. technology this helpful...could make history. what's in your wallet?

you always get the lowest price on our rooms, guaranteed? let's say it in a really low voice. carl? lowest price, guaranteed. just stick with badda book. badda boom. book now at choicehotels.com . charles: media executives gathering at the sun valley conference, and charlie gasparino in the thick of it. all right, charlie, what are you hearing? >> in the thick of it as of now. i could be thrown out of this conference any moment. i want to get that out there, charles, as i was a few years ago. police force here is not too happy that i'm trolling around.

anyway, lots of talk about media deals and lots of talk how the government is going to respond to media deals. we picked up speculation, which we have confirmed now, fox business has confirmed that the department of justice, as i know, happy to review any deal. they're already as we reported yesterday reviewing comcast possible higher bid for fox. whether that passed antitrust muster. we are looking at that now, we exclusively reported that yesterday. here's something interesting, d.o.j. lost the case to break up at&t-time warner deal. when that was approved by judge leon, that ushered in the comcast bid and possibly other merge or the beyonds that, hey, this is established precedent here. we could go crazy with deals. what we've heard is that at&t-time warner deal is still, d.o.j. is still looking to appeal that deal. they have not given up an appeal, and they have until

what i understand august 11th to decide whether to issue an official appeal. here's the fly in the ointment. they're getting resistance from the solicitor general's office. whenever the government needs to appeal a ruling against them whether it's through a federal appeals court or even the supreme court, you need the solicitor general's approval and from what we understand, machem della rim has privately decided he wants to appeal the at&t case but getting pushback from the solicitor general's office. if he can convince the solicitor general's office to go with this, allow him to appeal, you will see appeal of the at&t-time warner decision. and what that means for this deal, i can't tell you. i've talked to at&t about it, monitoring the situation. they have no official comment but people inside the company are concerned. i just don't know how you put the genie back in the bottle after their board approved a bigger deal if they go to

appeals process, and think of it this way, the appeal doesn't go directly to the supreme court, it goes to the d.c. circuit court of appeals which is packed by a lot of liberal judges. that's the thinking here from d.o.j. they think if they get before a panel of liberal judges, obama appointees ironically, they believe they can break up the deal, the left hated the fact that at&t was merging with time warner creating a monopoly. that's the stuff we're hearing here. just about all the ceos are here. our ceo rupert murdoch. randall stephenson i believe will get here tomorrow. brian roberts, the ceo of comcast is here, bob iger, the ceo of disney, here's one thing that is interesting, charles, if government shows opposition to at&t-time warner which is a conglomerate like comcast looking to buy us, there is a lot of thinking like okay,

d.o.j. might oppose comcast's bid for us if they should go there. people think that bid is imminent even after today's sky bid that brian roberts might come after the entertainment assets slated to be sold to disney. this is an interesting, complicated situation. the scuttlebutt of this place, they're all here, i'll keep reporting until they throw me out, charles. charles: i remember the last time. be safe, my man. >> by the way that guy is still here, and he's talking about me. [laughter] >> brian coughlin is his name. charles: we'll keep tabs on you. highest retail gas prices in years concerning people. some think could this be the biggest threat to the u.s. economic growth. we've got jeff flock in chicago with the latest. jeff? reporter: don't get on charlie's bad side, that would be my advice. as to gas prices, piece in the

"wall street journal" raising the specter if gas prices continue to rise that could have a chilling effect on the economy. put up the numbers for today, $2.87 not as high as we were. a month ago we were at $2.92. they've come down a bit. 60 cents or more than this time a year ago. the gas station that i'm at right now in chicago. $3.79 for the gallon of regular. gas prices have been rising fairly steady since november of 2016, up about 35% over the course of that time and largely because of oil. you know, the president has famously reimposed sanctions on iran set to take effect in november, take iranian oil out of equation potentially, oil prices to know rise. today if you look at oil, we're down almost 2%. you know, the market obviously down today as well. oil, though, over the course of the past several years, more

high than low. i leave you with the energy etf, if you want to invest in energy stocks, if you did it a year ago, you'd be 19% to the good. our phil flynn, charles, as you know, has been trumpeting the notion with the economy humming along, we are really consuming a lot more oil, demand is up and doesn't know if there's enough supply out there to do it, even though we thought we were a wash in oil and our folks in the u.s. are doing more than their share. if you got a job and got money, you can afford higher gas prices. charles. charles: sometimes not the worst thing in the world. again, if it's for the right reasons because of demand and not opec. always great talking to you. president trump about to arrive at this meeting with the other nato leaders, in the meantime just tweeting --

. pfizer putting price hikes on hold after pressure from the white house. question is will other companies follow? we've got the latest right after this. ♪ you shouldn't be rushed into booking a hotel. with expedia's add-on advantage, booking a flight unlocks discounts on select hotels until the day you leave for your trip. add-on advantage. only when you book with expedia.

. charles: we're getting more details about president trump's phone call that led to a stop in drug price hikes. kristina partsinevelos is with us in the newsroom and she's got the details. reporter: the phone call yesterday afternoon around 4:30 p.m. eastern time. they spoke on the phone. this is president trump and the ceo of pfizer, spoke 10, 15 minutes and pfizer changed course. pfizer said they are going to roll back those price increases that happen just over the last little while and not increasing the price of drugs going forward. they're doing this because president trump has been aggressively saying that the pharmaceutical industry is charging americans way too much. just two days ago president trump put out a tweet saying pfizer and others are merely taking advantage of the poor and others unable to defend themselves. well, at the same time, giving bargain basement prices to other countries in europe and

elsewhere. we will respond. pfizer, just about a week ago, i was reporting on this. pfizer increased the price of 40 drugs, not just pfizer, a long list of pharmaceutical companies. president trump campaigned on trying to decrease the price of drugs in 2016. in may he mentioned a plan, the blueprint plan didn't have specific data and no penalties which is why so many pharmaceutical companies have increased the prices. what you're seeing on the screen is the average cost that americans pay for drugs, $1,162 per person, and if you take it further, one in four americans can't even fulfill their prescriptions, this is according to kaiser health because they couldn't afford it. 25% of the population which is why it's become such a large political issue, and if you're wondering why is it so unfair, so unfair in the united states, why are we paying so much? has to do with patents.

the pharmaceutical companies say they charge so much because of r&d, the research. it takes ten years to put out the drugs. however, these patents protect them for about 20 years, and then engage in the process called evergreen, which you is make a tiny tweek on the drug and extend your patent for 20 years so you don't have competition. that's kept the prices so high in the united states. pharma says the insurance companies are passing it to consumers, pharma charging way too much. nonetheless, pfizer said it will roll back prices and not increase. no one else said they would do the same. no other pharmaceutical company. this is a temporary fix for now. charles? . charles: thank you very much. to georgia republican congressman and pharmacist buddy carter who says the entire drug supply chain needs to be held accountable. congressman, thank you for joining us. i love what you're saying here and find it interesting,

because i've been covering the pharmaceutical industry for couple decades, feels like they hire more lawyers than scientists. certainly a problem but a deeply embedded problem, how do we attack it. >> kudos to pfizer, they did the right thing backtracking here and agreeing not to increase prices and kudos to the president. he took the lead here, he called them, publicly shamed them into undoing what they had done. that's good. the president addressed this, there's no question about it. prescription drug pricing is an initiative that all of us are concerned with, everyone pays its price. i'm a big fan of the pharmaceutical manufactures, the research and development they've done over the years but got to help with pricing. if it's inaccessible it does you no good whatever. for many people, the prices are exorbitant. it's the middle man, the

pharmacy benefit managers. i'll give you an example. a couple of years ago i had the opportunity to ask questions of the ceo of a major company about one of the products and asked him when it leaves you, how much does it cost? $150. okay, when it gets to me the dispensing pharmacist is $600. what happened in between? that's why we need transparency within the drug supply chain. charles: interesting, because we have the alliance, big wall street firm berkshire hathaway and amazon and you start talk about getting rid of the middle man, drug company stocks collapsed on the news and you wonder maybe that's going to be a big part of the ultimate solution, but on the other side of this, what do we give drug companies to teach and incentivize, it is tough when you spend billions on a gamble and often you don't get final fda approval or even when you do, the clock ticks and generic company can make a cheap

knockoff version of it and kills your profit strain. is there any adjustments with the fda system itself or giving them a longer patent period hoping that induces them into doing the right thing? >> certainly we all want effective and safe medications, the fda is committed to trying to improve the process and enhance the process and make it quicker. we always want safe drugs. we never want anything danger on the market. however we can do a better job in the fda through the approval process. also the patent process, i'm not sure we need to tweek that, what they're giving right now is sufficient, you know, the profits of the pharmaceutical manufacturers are very high, some of the highest in the industry and i'm not sure we need to adjust that, but at the same time, we need to be tweeking this to make sure there is incentive. at least the pharmaceutical manufacturers are putting money into research and development.

the pbms, the middle man, are not putting anything into it. charles: great point. congressman, appreciate it. >> thank you. charles: president trump attending the nato welcoming ceremony in the next hour. we're going to take there you and everyone is waiting to see will there be more fireworks. stick around. whoooo.

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charles: welcome back everyone. i'm charles in for neil commuter. the hour on "coast to coast". the trump is can he continues not only with a terrible situation but nato during our allies over defense spending. president help arriving at the welcoming center. blake with the latest. reporter: hello, charles. the president we knew he would pitch nato to pitch their defense spending confirming this afternoon and here at nato the present just said he wants to see these member nations increase the percentage of the been spending from 2% all the way up to 4% however in the short run that is highly improbable considering that only a handful of nations are now spend up to 2% of their gdp on defense spending. many of the nations, like germany, are over a hair over

1%. the president made headlines today at nato as he had this with the nato secretary-general and during a practice meeting the president questioned why germany has a pipeline and energy deal, a pipeline that runs between russia and germany that delivers gas to germany. the president questioning how that aligns with western defense. take a listen here to this back-and-forth that the president had the nato secretary-general in the lead up to the meetings here today in brussels. >> how can we be together when the country is getting its energy from the person you want to sanction a guest chart. >> when we stand together and with russia we are stronger. >> no, you're just making russia richer. not dealing with russia but making them richer.

reporter: that set the tone here shortly after that the german chancellor angela merkel defended her country by saying the following -- shortly after that the president and angela merkel met on the sidelines at the headquarters and the president said they did discuss this pipeline issue however he would not elaborate on what was said the two. the president insisting that germany and the us have a, tremendous relationship. within the last couple minutes here the president did out the following -- the agreement that these nato nations made was that bite the 24 would be a

commitment of 2% in the president very clearly wants to see that increased before then. charles. charles: thank you very much. trump doubling down now and is asking nato leaders to increase their defense spending to 4% of gdp as most countries even moving up to their 2006 commitment of two presented reactions from "the wall street journal", and foxbusiness networks. james, let me start with you. here is the thing that i think people aren't paying attention to. these defense many budgets also not only is it woefully low but it's not been spent on combat readiness. germany spends a lot of money on soldiers and the like that and i keep putting out that zero six other combat summaries are not operational, none, they were not

in service and zero out of 14 of the largest transport aircraft were not airworthy on several occasions last year. zero out of 14 -- we are talking and the list goes on and includes fighter jets and transportation helicopters, they are not prepared to defend themselves. >> this is an issue the president trump is going to be discussing, if he has not already. competing forces that can respond rapidly to hypothetical russian incursion from the east. now, you always have debate about how much you put into readiness and how much you put into long-term development of weapons but his language is often a little odd but i think he is on target here. the numbers i think he maybe should give them more credit but it is absolutely true that the us has been devoting. half% of gdp and most europeans are close to 1%. give president obama credit as property raises issue and now we're seeing a big increase this

year plan for european defense penny. give that credit to drop. >> i like the language used that we are supposed to protect you against russia and yet you make this deal with russia mark explained that. it can be explained. [laughter] microphone drop. what is going on here? >> it's not like germany had a history of having battle with russia and running out of fuel and not finishing the battle which is happened before. [laughter] getting your fuel from russia but there to germany they are not sitting on a natural gas goldmine like we are. charles: the point in spite of they do business with us. >> the trying to get solar power so that we don't deliver natural gas to germany and they need that from their economy. in russia which you see on the natural gas is where they will get it from now but that said issue is are these countries -- trump is we keep picking up the

tab and we increased our defense budget by more than russian defense budget so i would russian defense budget just to put it in perspective, why would they pick up that bill will have to down to 2%. they get to shirk and play prisoners dilemma and they know at the end of the date pick up the problem. what are we going to do anyway russia said move fake troops into country like they did -- we will not go to battle with them. maybe something is stupid and. charles: i don't know what the world look like any, ten years from now. history is the local and worse and i hate to say it but inevitable the comes to human beings and mankind but it's marked. for them. listen, natural gas, gas is

$2.81 and in the eu it $7.19 and russia is more than that but vladimir said make it anyplace you want to want to flood the market in japan is $9.40. smaller european countries are not going to russia in smaller members of nato that they no, we don't want to deal with the devil and america is working on facilities to liquefied natural gas and we want to do business -- >> it's hard to ship it over there. charles: it's hard to get up to $7.20 from $2 -- we could transport it, liquefy it and get it to europe 900 and not only does the cost money the same folks other said it wasn't coming from canada and america to have a pipeline but in germany have a pipeline. these are our friends. the media says they are a friends is a why don't they do friendly deals american business? >> i looked at the statistics and germany is largest european importer of russian gas, 40% of russian gas goes to germany their argument is its close you are on the same geographical spheres so for them it might be cheaper as well. the company is building a pipeline with russia is being

headed by the former chancellor of [inaudible] >> that is part of that angela merkel, trump discussion. they know she is not one the deal together and said let's be totally dependent on blood. i think they probably are, left, talking about us developing those already terminals and let's that's good for them and that for better. charles: we buy a lot of stuff including luxury cars so you have more natural gas than anyone in the world and we get it far cheaper even if you had transportation cost to it. they can complete if they do the deal with us but let's talk about the big news last night. the timeline now the tears coming in they said they would now have timeline and eusebia pressure on the dow and that's

the index and the 30 companies to make the majority of the growth of the profits from overseas. james, have seen investors , too a large degree, do this until today the last dow was up 770 make that now have a timeline in the next rebellion could possibly going to affect in september? >> we are on attract tariffs on chinese exports to the united states close to 500 billion. this is not good for markets and this is quite the stocks have been going sideways this year even despite great earnings. >> let me jump on it i'd disagreed that stocks have gone sideways. the top gone up. [inaudible conversations] >> the same professionals that use the snp now defer to the dow because it is that we don't want to miss that the economy is killing it in the nasdaq is a

big and so i'm not sure that" the market is necessarily sideways. charles: they don't buy as much materials from the large industrial. charles: their part of the market and reflect artemis economy. >> let's talk about why the chinese government is down -- >> they are the ones that take the hit from the war in the financial markets are stock market does these will panic and come back to your levels -- >> we have not made money in 20 stocks for ten years. it goes up and crashes and get into property if you want to make money. that's where the real investment is in china. charles: let's talk real numbers and 50 billion we know 34 and let's assume the other 16 would go in and that's 5% on 50000000010% onto her billion,

$32.5 million in additional costs in we import business from service and goods 501 million talking 6% and james, is that enough to dwell all the other good things going on in the economy? >> to this point, i would say no. the power of tax cuts and cutting regulation to this point in your than the drag from trader fights but a lot of this is wait and see investors given the evidence success of these other shoes, i think, are not freaking out but thinking this is the art of the deal and maybe he can lower tariffs everywhere but i would recommend that what if this is the typical equivalent of drop split into atlantic city. [laughter] he's all in, too confident in this case and has success over the last year and half but districts let me jump in one second. president trump without being again this as he goes to meet with the leaders. what good is nato it's your

money is paid russia billions of dollars in gas and energy and why other only 509 countries that a better commitment? the us is paying for europe's protection. he will keep hammering this and keep hammering this as see the top -- i think they used to call him the beast, the presidential limo cleanup. [laughter] that think it's 2 miles a gallo- >> do you mean it's not electric yet? charles: we make of getting back to the trump to do card? i will admit that i wondered about that, too cannot made this all of offer that any president would would have run with it and you do wonder at something as a jump will have to accept some offer from china and about be everything he is asking for.

>> i don't think is going for the easy paper victory like negotiation. i don't know the game is another part that scares me the most. again, i don't think economists know what happened from the trademark in a strong economy. we never have to speak of. they think they know what will happen and i'd like to know what the plan is and what exactly specifically tried to get out of these games trying to play concerned that i don't consider [inaudible] like germany as much as china but who knows -- no one really knows what the impact on the economy if we keep playing chicken and they don't dial back down and go to the options tha that -- they don't have elections in china. charles: if you look at china's media president xi -- well, they have capital and they been trying to stop these lovely chinese from taking money out of the country and they will not

want to stay around. the looking at a dead bubble of 250% of gdp and you mentioned a credit crisis already and the shanghai market is down 54% from four years ago but he still has to abuse his -- he's not exactly an emperor and if you look at the state media they been working overtime to a speech anxiety and they've also told the media, don't mention made in china 825 for a while. >> and they use the slogans from the us election from 2060. if the rest goes low, we go high. [laughter] they are using the us slogans but i would argue now that they are in a difficult position. they are shocked that they are going to talk about these template tariffs on to her billion dollars worth of goods but at the end, he has a

national performed to plan, as well. i would argue the president xi does not want to dragged into it. he has been dragged into it but he asked mr. gant as well. charles: part of the, looking strong? >> they will make it more difficult for chinese firms. they will hold up licenses. charles: two weeks ago be approved the -- you think they will make it more difficult -- >> qualitative. they have no quantitative measurement they don't trade or import as much us goods into the country. charles: and that limits what they can do. i guess will see. again, anecdotally and from some of the things that look like , too europe, china might be taking it harder than us and that china, of course, the state media never mention that the jump is fighting against economists and fighting against folks on the free market tears everything adam smith wrote is applicable in the current work situation and a lot of people willing to overlook billions of dollars of theft and it theft just we can see tvs in the

country. >> he's been to china that he is the first president is not -- incidents have coddled consumers. we are always scared of losing boats because the prices go up and trump is seemingly going out in garbage and he says i don't care if they go up i want to win the battle. china is like how could you not care what your voters pay more and he doesn't seem to care. it could be a off and it could go wrong that will happen but that is a strong beat. he looks like he's not facing elections. >> so far markets are saying it's hurting china more than us. we look at corporate earnings prices may be attached to the story. >> guided is key. a lot of companies will be talking and flushing these

tariffs butting into their business. >> i need a journal to write an article on the tariffs that brought us out of the early 19 to these depression into pouring is. >> we had one today about how friends tariffs created the united states so there and competent in supplying tariffs is. charles: way to handle this world particularly in india and china they were spread too thin. i can't wait to read that one. >> mike drop, again? there we go. charles: thanks a lot. trump getting a chilly reception there from our allies and some think it's because america's economy is so high but editor in chief says the strong us numbers are really what aspiring leaders up and it is what gives trump leverage. lawrence joins us now. is he with us mark. >> hello, charles. charles: this morning, is this our allies [inaudible] that seems to be engineered under

president trump? >> we have two separate things. charles, the economy is going great for us. this president campaigned on it and it is clear that him being a businessman get rid of relation and, nation of tax reform has been beneficial for the american economy then you the trade issue which were talking about in the previous segment. although i am a free trader but i guess the president is doing right now is it doesn't seem to have that much effect so far. that will be interesting and for some reason it seems like these countries are a little upset about it and then you have the other issue, charles, as relates to nato. now that the american economy is doing so good the president has been clear about them in their fair share so you have these foreign countries that if america is doing so good why can't we pay more and continue

to pay more and the president is saying that is irrelevant. you need to pay your fair share. charles: that is interesting because that is what the journal said. we have to go down in order for them to go up. most americans think that is nonsensical. what about this if you like we've gotten trapped in the something. we fought world war i, world war ii and we of the marshall plan we got basis that the world and we lost thousands and thousands of lives and spent trillions and trillions of dollars to bolster the global economy and we've introduced free markets hence we created of billion extra medical books in the world but that is great but what about the people that feel entitled to it particularly our allies? >> i think that is the point of the problem. trump talked about this and talked about how our path past nn

leaders have created this addiction of our services and our money that we have given to these countries and now they expected and so now -- it is pretty shocking to american because i don't know that we've seen a president in history that has been so america first. when he said that he actually means that and although it may take off allies i think when you look at the people back home there say the president of the united states is worried about us and fighting for us and only reasonable people would come to the conclusion that it is not there for americans to continue to pay nato so much money for if you have these other countries that are not paying 2% of their gdp. charles: how do you see working out because we do know is whether it china with present she bringing up the box a revolution in the opioid wars to bolster his popularity while there is justin trudeau and also macron around the world these

leaders position themselves to say to trump is a bully and that he's pulling us and it seems to help the popularity and i don't know if that makes the more entrenched and not willing to do the right thing so ultimately what is the status. >> charles, that is yet to be determined but i would back on this notion of them calling the president a bully. they just had eight years of a president that went through an apology tour that went to these on countries and in some aspect bashed america for how we have been. he even went along with a bully tactic and so now you have this president saying not only are we going to double down on building our military but as it relates to the economy i will do everything in my power and i may disagree with the president on his trade policy and his intention is to benefit america in the long run and i think that

because of the eight years of barack obama and his administration and his state department in the way they did trade policy and the trade department i think it is a little shock coming from these nations when it comes to -- he is not a bully but doing just like they are doing and been his people first. charles: we just had -- these are live feed from brussels and there's a big ceremony with the nato leaders and we just are present drop and first lady melania trump speaking with angela merkel. it seems like they were having a good discussion. certainly not the body linkage saw from the european leaders particularly angela merkel in canada. before i let you go, lawrence, i thank you put on something important. it's tough, i don't have the answers and none of us have the answers but there are folks out there think they do but the fact of the matter is our roles like

factory losses and wages been flat for decades they have been in place for long time and all kinds of different economic theory. is the most important thing with respect to president trump the fact that people who voted for him believe the matter what his tactics are that he is trying his best for them? >> yeah, you know, it is interesting charles, because it had to do self-evaluation because i was not a supporter of the president at first. i was very critical of him and thought he was too bombastic and i also thought that there was a lot of things he said the just will not work. you have to be honest with yourself and well, actually the president has been successful. i don't always agree with his tactics but there is something to be said that maybe the things that were going on in washington for so long did not work and now what the president is doing is working. that is why the president had a connection with the work people

and his voters because this is what he promised and this is what he's doing and at the end of the day our foreign allies like it or not he is advocating for us and not the government in washington is not. charles: nordstrom, thank you very much. looking at president trump speaking with germany's chancellor, angela merkel. there's a huge discount going on about trade and defense and we want to go to scott martin on investors reaction to the trade tariffs. scott, we just had a discussion here and we keep hearing people say when the market is sideways or this but only the dow is the major equity industry has moved sideways and there other industries that have been done pretty well and to me it suggest that maybe it's an issue for the multinationals and an issue for the boeing the bread but maybe it's on an issue for companies

that do business here in the united states mostly. >> yeah, i agree, charles. it's an issue for the industrial and a great panel. very esteemed that you have either. you nailed it. it's a big deal for the industrials and the manufacturers and the materials professors but like you said to be not so much for the small caps and maybe not so much for big tech companies and that is one thing for us at kingsville that is keeping us to stay in the water is that in a matter of weeks, two weeks now or so, at the end of the following week will have all the tech earnings out. you will have the base books, apples, microsoft, amazons all delivery numbers that will be blockbuster and therefore supporting stock prices. charles: we get to those we have to deal with the big numbers on friday and you have four banks down coming into today's session and nancy is down 6%, citigroup is looking horrific and j.p. morgan not as bad and wells

fargo down a lot this year and they just of the town and people are wondering because all the experts, at least the majority, came into this saying it would be the year for financials and this is. >> i agree. everybody loves the financial too much this year and they love them recently but coming to this year, charles, they were sanguine as far as the optimism on financials but even last year to some degree the big turn was coming in financials and we just did not see it. they have been inconsistent in some of the loan growth is good but the margins aren't great and far as they're getting the money for us to their lending it out for in the fact that the industry picture is not all that clear. the interest may not steeper and it is flattening out so that's hurting the banks so i'm sticking with things that are working for our portfolios.

at the end of the day and i admittedly do this as well i search for something on google and buy it on amazon and brag about it on facebook or instagram. both of the companies want to be in both of this is that will grow. charles: so you're the guy not out there making money us feel inferior. >> yeah, i am. someone has to do that it is just a jet i saw on the rape they don't know that. when you think about the market as a response to get earnings growth at about percent when it's all said and done at this quarter and let's say $175 and the s&p 500 which you will appreciate (a 17% or more multiple on that mike mathes says that almost 3000 on the snp. it is certainly within range and when we get to the street talk and earnings season it will settle down in the market will get a nice split. charles: scott martin, talk to you again real soon. thank you. gop fundraising says this tough talk from president trump is a

winning issue among voters. >> hello. charles: well, i tend to agree with you. i know there's a lot of out there that say it's at 30%, 40% and a low percentage of people are happy about the so-called trade wars and yet, the feeling i get from this people during the campaign question on social media knowing the prices would go up if we enter in a tariff trade war and will you still vote for president trump -- resoundingly and% said yes and i've that out there since and it still says yes. >> you are right. tell you something else. dear member when he was running how many times he said china, china, china?

he stressed that one of things he would do if elected was called china accountable. this is what he is doing. he's the filling a campaign promise. if you look at it he forewarned would happen. he actually said that we would have a couple of down days in the market and until the market you use to it or figured it out. he warned americans, look, we will be on shaky ground for a little bit and it will be okay. so did with the loss and so did larry kudlow. a lot of people we look up to in the economy that are experts on the economy they have said that this will be happening in a little bit we can figure it out. if you ask a lot of people like big business leaders and technology they will tell you that one of the main problems was the theft of intellectual property but he is doing by pulling china accountable especially china accountable, i think a lot of americans are on his side or on the side of

trump. i think the midterms we will be safe. charles: yesterday to jump about eight and explained that swimming prices had gone down before he was inaugurated and from 2000 which was around 1700 metric tons around 1800 during the metric that you never heard from the mainstream media that it was never a front-page article in the washington post and there was never a plea to these farmers. now we feel sorry for the farmers but do you think the president needs to more that you think he needs to articulate because pete navarro to be a body that they would do something special for farmers if this were to continue this. >> i think we can trust that peter navarro is right and they will do something special for farmers. not let the american farmer fail. that is the bottom line. they will figure it out and as far as the mainstream media and as far as the left, i think, they will focus in on anything. they're looking optimization looking at republicans as a

whole under a microscope and looking for any kind of messed up, why we figure these policies out, why we figure what works and what does not work and they are standing by as a critic. they will not give you a hand up or do anything and they will focus on anything negative, anything that has a potential problem and just look at what they're doing with the trade war. after calling the sky is falling. we had a couple of his word a trade war and you have not seen it reflected badly in the market. we will just call the mainstream media a lot of naysayers. charles: know well, thank you. >> thank you. charles: while the president is abroad the senate is at home pushing to stop president trump tariff moves. we have the fallout right after this.

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charles: we are waiting another family photo with the president trump and his other data leaders will bring to you as soon as it

happens. will president trump is abroad the senate smacking down his unilateral it moves and edward lawrence have the latest. reporter: good afternoon. senator bob corker introduced a motion, and nine binding motion, that would limit the president's ability to put tariffs on security concerns. it would be attached to spending the going into conference and what this motion does is directs lawmakers in the conference to add language to the bill. the motion of the language would require the president to point to congress there is adequate evidence to change existing tariffs placed new tariffs on countries based on national security concerns. >> this does not tie the presidents hands at all. the president is free to negotiate a better trade agreement, if you can, and i thank you should. what it does say is if he wants to invoke national security as the reason for imposing taxes on americans when they buy farm

products when he wants to do that, congress ought to have a rule. reporter: the motion has bipartisan support and possibly has if it gets into the bill enough language or support to have an override in the senate. the motion passed 88-11. here is the democrat supporting motion. >> today's vote is not a vote for undermining the trade agenda or a vote to prevent rescind steel tariffs. do you think might and power to defeat efforts to do that. reporter: this could severely hinder the presence ability should become law temples those new tariffs and get countries to come to the trade table based on

national security concerns. the white house over the past weeks has been making phone calls and having meetings with congressional members to try and stop this from going forward but it appears it's moving forward. whether the language gets into the bill, that's another story. charles: lawrence jones, thank you very much. you're looking at your nato family photo. it's happening right now and of course this is what we always get and they all make nice and looks like it is going along pretty good so far. we want to get to the ohio republican bill johnson on the blowback against trade that is coming out of the senate right now. sir, thank you for joining us. >> thank you, charles. charles: in this particular case the trump cited national security section 232 with respect -- this thing started with steel and aluminum. the back was we get a fair amount from canada and others who are allies that never stop helping us if there was a war effort but is there something to the notion that we should be able to control that on her own that is so vital in time of need and desperation such as a full-blown more than we could control our own destiny.

>> it's essential that we control our own destiny. that is what national security is all about. don't place your national security in the hands of others and the ability to produce steel and aluminum domestically -- i do believe at the national security issue on which the chinese and others dump those products into markets here in america and we have seen many of our steel plant shutdown and aluminum smelters have shut down as a result. the president is doing the right thing to bring this discussion to the forefront with the leaders. charles: it is interesting because the bill has support from senator corker, senator toomey, and of course, know that they don't have the best relationship with president trump and all of those gentlemen are going to be leaving washington dc. it seems tough because their goal is to tie the hands of president trump and i understand, congress gave up too

much of its role particularly as the constitution probably saw it and the framers sought to get that part but i also wonder why these guys have never seen i try with president trump would tie hands as he bailed me washington. >> it is puzzling to me, too, charles. my understanding of the constitution is that if the chief executive role and responsibility to negotiate trade deals and i personally believe that our president needs to be able to negotiate from a position of strength. having to come back to congress and ask mother may i when the rest of the world leaders are sitting there at the table waiting for answers in the negotiating process seems to me to be counterproductive.

it is been this way for some 50 odd years and granted republican and democrat presidents have let the situation and exasperate till we've gotten to the point we are today and many countries and many including our friends and allies have taken advantage of america's benevolence. with the largest economy on the planet and they depend on us more than we can on them economically and it is time to have this discussion. i'm glad he is doing it. charles: to your point, by the way, having fought world war i and world war ii and having the marshall plan and rebuilding europe and having lost so many, many women over the years funneling trillions of dollars into the global economy and spreading the virtues of free market and creating a billion people in middle-class around the globe and this not have happened without america's help and the idea that peace and prosperity in the foundation for prosperity is become an entitlement that maybe because it's been so long that everyone expects it to be this way because it has been this way for

so long. >> i thank you are exactly right. that is my perspective and i think the world for far too long. certainly, since 1865 when you look at the century act of the civil war all the great things america brought to the table below golf, the national energy grid, automobiles, manufacturing that industrialized western culture, the airplane, landing a man on the moon, nuclear power and nuclear energy and information technology and look at what america brought to the table and we basically rolled out there for everybody -- why is it not reasonable to expect fair and balanced trade with our friends and allies, especially with nations like china who have demonstrated that they will steal our intellectual property and try to replace us in the global economy. he is doing the right thing we need to let him continue. it's a work in progress.

we are not where we should end up. charles: congressman, thank you very much. >> thank you, charles. charles: to the trump in germany and this ahead of time's meeting with flatter me up on monday in helsinki and the former intelligence officer in iraq and were better in is on the fallout of all of this. i found it interesting, don, the contemplative shot in germany had of its meeting with flatter because sony people are saying soon trump to not have this meaning but he's been soft on russia when perhaps it is been europe that is up to russia and it was the previous president that allowed russia to take crimea and maybe he is not a soft on russia as i think he is. >> i don't think he is. if you look at what he said today the meeting with he and bottom-up will be interesting they have a lot to talk about and i do believe that the germany and then is room at

issue will come up in the conversation. charles: how you expect it to put out and what would you like to see us get out of it because obviously there is lot americans regional ambitions which, by the way, seem to go beyond the former ussr construct and interference in america selections and there is other issues -- is there a priority you think the trump should have an a list of what he wants to get done. >> the biggest thing he needs to do is continue with but the american people elected him to do that is to go against the status quo. we've expected him to do that in washington and with him going to this nato meeting like he did the prior g7 is to break against the grain and what you see here with angela merkel, for example, two months ago we saw her leaning over the desk that was a very tense body language and now we see him today people are starting to agree with what he

is saying whether they like it or not. they understand it's a new deal and you have to your part and with more than 40000 us troops in germany, 179 basis we can be expected to continually carry the point of this. the russian pipeline spoke germany at risk and us forces at risk, in my view. charles: speaking of us forces what you make of the idea that germany is dragging its feet and saying give us time and give us another seven, eight years and we will be up to snuff. does anyone believe that? are they trying to just run out the clock and say perhaps after president trump is done with the potential to terms will do it with an ex-president track. >> that's a good way to look at. we have five other countries right now before paying the part and those 215, if not more, who will be where they should be by 2024. i think germany thinks they can set back a little bit and maybe

it will be in issue in the future we should remember the 2% deal with set forth in 14, not under this president so the previous administration made this agreement and we need to honor it for some 200 and show that it's expensive to defend their country as all our partners. charles: don , too wrap this up -- president trump we know he's bombast did and this is in his wheelhouse but some are thinking it's too much and is juggling too many balls and if there are any areas he should spoke focus on -- to be china or russia? do people back on nato and things like that and nafta? >> there are a lot of issues in north korea and russia and nato and the terrace and i think you're right. i wish we could figure out and we could do it well. let's give our allies on the

hill so we can continue to maintain control of house and senate. charles: thank you very much. the key for your service. president trump his meeting with nato leaders will be placed left nato summit? the uk leader facing a huge amount of trouble and making it worse. right back.

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charles: president trump meeting with nato leaders right now including theresa may was facing me to attend major problems at her own home. possibly somewhere in the near future a no-confidence vote maybe? remakreporter: we thought that y come soon. the bracket secretary walking out the door and these are strong supporters of the brexit movement. we've had no call for a vote possibly because there's no obvious successor to theresa may right now. her party and her government is split. those the heart brexit and those what a softer brexit in right now they will get some deal through parliament before they could present it to the eu. charles: it felt like that the people of england wanted a hard brexit and in other words the establishment has word up and we know there have been attempts to

derail this anyway and this geta remain -- so how much should the people of england even trust that she wants or has their best interest at heart with respect to how they voted? >> i think she is lost credibility for her government with the resignation of two of her strongest supporters of the brexit. resume was a remain or she did not believe in getting out of the eu although she did say which became a minister i will listen to the will of the people. questions are being asked now if she is actually listening and if we had ties to brussels and we live by those laws and it's not a good situation. to get a watered down version and we may get no deal at all would be a disaster. charles: is the clock ticking with the eu itself? there's a certain money time that england has in the uk to present their brexit? >> there's a summit in october by whatever deal is together

will be presented to the eu. the first to get out of the eu march 9 of 19 and first raised the issue could they ask for an extension and i am not so sure. this is a real mess and it'll be interesting to see the bank that conservatives called her a leader in name only and they don't have a lot of faith in her but she's in a difficult position but for now she remains the prime minister. charles: you mentioned no obvious successor but what about boris johnson. >> when he earlier this week and i'm no interest in being per minister but this is on the principle of being unable to support the steel the theresa may has portrait of course, i think secretly he'd like to speak is the most organize politicians in the uk and people there either love him or hate him but he would be the strongest exit to take over. charles: they were just showing up in our live shot moments ago

walking out along with other world leaders and president trump seems to be getting along with everyone pretty well this time around. you make of the body language seeming somewhat more positive track. >> he launched an attack prior to arriving in canada and the friendship with emmanuel seem to go out the window. this is done the truck goes well he doesn't care who he makes a point and he makes it and he's uncomfortable and his language is not of a mac but that's why we like him. he calls it as he sees it. when they admitted or not, the nato leaders and the individual companies are getting used to down trump and they know where he comes from. make no mistake of that. whether they like him or not they have to walk a difficult line they don't want to get

close but they realize how america is for them and it's not the typical statecraft that everyone has become accustomed to but by the same token didn't yield a lot these guys are meeting in five-star locations and they have these amazing meals and they all agree to again. >> what a great business model. the problem is what the nato and world leaders always believe you should be nice in public and then you can get into it by as you saw earlier at that he was calling out the eu and germany's reliance on russian energy. charles: shouldn't being lost, we talked about the british "brexit" vote. the italian election votes and of course angela merkel's crisis she had to cobble together a new government because of concessions on immigration. there is a pushback on status quo. >> there is. there is lot of resentment against germany on other eu nations.

italy came with the forefront. charles: if i'm like some of the others paying my fair share i would be. >> thanks. charles: going to a welcome dinner. they just finished their family photo. we'll be right back.

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hallucinations or delusions, talk to your parkinson's specialist. because there's more to parkinson's. my visitors should be the ones i want to see. learn more at moretoparkinsons.com charles: dow at a low in part because of trade fears. stay tuned to my show "making

money." stay prepared for earnings season. i owe you update how to follow earnings trends to make money in the market. a lot going on. we hand it off to trish regan to take you through the next hour. trish? trish: breaking right now, president meeting with world leaders in brussels where he is kick off the 2018 nato summit with fireworks. calling out germany, demanding allies pay their fair share toward nato expenses. white house announcing new round of tariffs against china. i'm trish regan. welcome to "the intelligence report" everyone. ♪ trish: the president coming out swinging here, swinging there in brussels. and he means business. the president pushing for nato countries to double the military spending, double it. now he is going after germany, asking quote, wha