stuart: my time is up. charles payne. it is yours now. >> thank you, i'm charles payne in for neil cavuto. to hear critics and media tell it putin summit was disaster, trade issues are devastating and trump presidency is imploding. new "wall street journal/nbc" poll shows president trump's approving rating has never been hire of the his remarks handling the economy are highest they have ever been. where is the disconnect? "real clear politics" tom bevin. where is the disconnect to this

>> good economy coin hurt him. it boosts him. part of that the reaction to some of the things, the putin summit, overwrought hysteria part of trump's critics and media, drives trump supporters closer to him. definitely the story that they're backing him 88% among republicans. give trump a positive job approval rating in "the wall street journal" poll, nbc bc news/"wall street journal poll." makes the job approval rating highest of his presidency in this poll. charles: all the news outlets on there, for instance, president trump tweet against iran. you know, almost every single one of them said, it was all negative speculation. that is all it was. is president trump doing this to deflect?

is president trump, none of them reported the news. ironically none of them reported iran is danger to the world. didn't talk about state sponsor of terrorism, nuclear ambitions, budding civil war, revolution inside of the country which might want to hear president trump go hard against these leaders that repressed them four decades. not a single news outlet mentioned any of those things. >> ironically, you think media would have learned a lesson. we've seen the movie before. trump's fire and fury with north korea. look where that ended up. trump with a strongly-worded tweet, media reaction. the cycle we go through over and over again. reaction hysteria to single tweet is what i think again people are tired of. they don't take it as seriously and, again they look at actions and what trump ends up doing as opposed what he is tweeting.

charles: to your point, nbc, their headline on the poll said, "nbc/wall street journal" poll gives trump thumb downs on russia, thumbs up on economy like they were equal. if you ask the average american what matters most to you, right now, i would think it is economy. i think tide lifting all ships. economy and gdpnumber, could have a chance of a five handle that doesn't happen very often these days. >> certainly doesn't. look at most important issues to the voters in election, economy, taxes trade, at top of the list. foreign policy is on the list but much lower concern. by and large the republicans certainly support what trump is doing from a foreign policy perspective. charles: what do you make of the stories because they occur over and over again? republicans in public they support president trump, but to a man everyone tell me they're worried about president trump

and his rhetoric and his ham-fisted approach that is the sort of unidentified source right? but that is another narrative that seems to be running across several media platforms right now? >> well it is certainly the case you have never trump movement. as we've seen, very small but very vocal and they're omnipresent in newspapers and on television. criticizing the president but when you look at the actual number, 88%, 2/3, 64% in this poll strongly approve of the job president trump is doing. another 24% somewhat approve. 8% overall. that is high as you found with any president. higher than most republican presidents in the past century. there is a lot of criticism is, some coming at trump from his own side i think a lot of that is more, is more fury, more light than teeth because there is actually, he has the support of the republican party and has had it basically since the beginning. charles: i think, for a lot of

these never-trumpers the fact of the matter this is no longer their party. they have to come to grips with it. they make for great sounding boards for media outwould like to say, someone who has vitriolic hatred for president trump, saying that is republican. not necessarily reflective of the voters out there. tom, good stuff. really appreciate independent. thank you very much. >> thanks, charles. charles: even with trump's approval numbers up, "the new york times" reports that several republican governors, well they say they're concerned about a blue wave coming. want to go to former bush 43 white house press secretary ari fleischer. again, ari, blue state democrats, what can i tell you, the governors, the republicans, the never-trumpers, media has a great source of people on this republican side who are as you concerned about president trump, but i don't think vast majority of republican voters are. how will that play out do you

think right now in november? >> well, i think there is cause for concern for republicans for a variety of reasons. one history. first term of a president's almost always a term or time of setback for the party in power. that is historical standard. ronald reagan went through it in 1982. he lost 26 house seats. that is it not on republicanside. 2002 was bad year for republicans. races republicans should have won by double digits they barely squeaked by on several special elections to the house t gives me pause looked ahead to 2018 which is only three months away, four months away, the election. democrats have a lot of intensity. the change though since december of '17 when tax reform passed, the president's numbers moved up nicely. his disapproval moved down nicely. he is still underwater.

that has a strong turn around since december of '17. that takes the edge off. charles: to your point in the same "nbc/wall street journal" poll, the democrat lead going into 2018 is down to six points t was 10 points. i think it was even larger than that. what is making this change. what is changing this dynamic? what is changing, because the president hasn't altered his approach at all? >> two things. one is the economy. we have powerfully strong economy. that is always a dominant factor in elections. people are liking what the president is doing. the fascinating thing, if you have favorable, unfavorable opinion of donald trump his unfavorable is pretty high but the not the job he is doing. he is actually starting to get december numbers. he is is still underwater. republicans are happy he is at 45 in "the wall street journal" that is not 50. doesn't have majority of the support yet. those factors, improvement and

more things congress can do and he can sign into law the stronger -- charles: we're having some issues here with ari fleischer of course. when we come back we'll talk about iran because now president trump put them on notice. the question now of course is remembering, that is ultimate geopolitical hot spot when we start talking about oil. will you start to see a difference at pump? we'll talk about the fallout in oil on my show, "making money" every night at 6:00 p.m. eastern here on fox business. ♪ my father passed this truck down to me,

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charles: president trump warning iran of consequences if it threatens the united states. kristina partsinevelos has the latest from the white house. kristina? >> that's correct. the reason why president trump is warning iran because on sunday the president of iran who gave a speech who said that iran is the mother of all peace and any war against iran is the mother of all wars. so definitely tougher rhetoric, hard-line coming from iran right now. you have the national security advisor, john bolton, who sided with trump this morning saying that any type of threat against the united states means that

iran will have to pay a price if it acts negatively towards our country. what are we talking about? maybe some of our viewers have already seen this but trump did tweet within the past 24 hours against iran and he said, never, ever, threaten the united states again or you will suffer consequence the like of which few throughout history ever suffered before. we are not a country that will stand for your demented words of violence and death. be cautious. mike pompeo weighing in yesterday, the secretary of state, he gave a speech if anything there will be a hard-line on iran. it is run by the mafia. there is economic corruption. earlier this morning press secretary sarah sanders who told reporters this. listen in. >> the president's responding to iran and he is not going to allow them to continue to make threats against america. if anybody is inciting anything look no further than iran.

>> while all of this is happening, president pulled the united states out of the iran nuclear deal. the united states threatening to impose more sanctions as well as threatening other countries who do business with iran. iran has said in retaliation they will potentially stop exports of oil leaving the strait of hormuz but we don't know if that is actually going to happen or just rhetoric right now. recap all of this earlier this month, the president did say he is waiting for iran to call him to make a deal. they could make a deal, however iran has pretty much nixed or rejected any talks with the united states. so we'll see if the united states if this war of words leads to a deal. charles. charles: kristina, thank you very much let's get the word from former undersecretary of the navy seth crosby. what do you make of it? i think knee-jerk reaction from media was over the top. all of it was negative

speculation. is the president trying to deflect from russia? is the president picking a fight with iran? if we go to war with them in the next year, will this be a reason for it? to me they have always been a bad actor and we know mike pompeo spoke on sunday. i felt this was giving support to what mike pompeo had to say? >> i think iran is not being very serious when it talks about or not thinking carefully when they talk about the mother of all battles and the mother of all wars. if i remember correctly the last person who used that term was saddam hussein and he's dead right now. so the iranian rhetoric far exceeds the situation and i think the administration's response is good, if they make good on it. if it is just words, it is just words but the president is absolutely right in taking them seriously. charles: well, what do you make of what's going on inside of the country right now?

i think this is one of the most underreported stories. potential iranian revolution and the notion that we would support them, you know, mike pompeo he spoke in california for specific reason. you have 250,000 iranian-americans who live there, and we'll be doing things using broadcast for the governors, using tools we have been to invigorate for movement? is that a smart idea? i know we're not for regime change per se but would we miss a big opportunity if we don't help the budding revolution? >> i think the secretary of state's idea is a very smart idea. look, iranians are funding terrorism around the middle east and beyond it. they have been doing it for years. the israelis discovered, took a cache of information from the iranians just a couple months ago that proves that the iranians lied about the purposes of the nuclear program. it is not pea -- peaceful.

it is definitely war-like. regime change, don't like to use that term, but getting rid of those people would be very helpful. they are massive human rights violators. they're developing ballistic missiles. they're a thread to the united states. i think the president is correct in taking them at their word, taking them seriously. i think the administration is doing the right thing if they acton their words. charles: seth, why haven't our european allies who everyone says we should get the help to fight back against unfair trade practices with china help us to fight back against iran on even more egregious actions threaten not just the united states but the entire planet. >> business. charles: bottom line, money? >> they want to make money. and they, they don't, although they are closer to iran's missiles and closer to iran, they don't seem to take it

seriously. charles: all right. >> that's a problem. charles: it is a problem. seth, thank you very much. always a pleasure. >> my pleasure. charles: well if tensions with iran continue to rise will gas prices continue to rise? to market watcher alan knuckman. alan the correlation, there was a time when we had this even sabre-rattling in the middle east crude oil would go through the roof. at one point there was 15-dollar political risk factor added in there. we don't get that as much anymore. why not? >> times are different. we're in upside down world every day. we ignored geopolitical concerns for the last couple years. like you said, if this was five years ago, that would be 3, $4 move today. we're actually negative right now. so, there is kind of been a saying here down on the floor, you got to put in a 48-hour rule. anything that comes out of washington, d.c., that seems to be a little bit shocking, see where we are in 48 hours, she

how the markets digest it. looking at price, not policy, we moved forward already. charles: what happened with the price? it's a whole thing been counterintuitive. opec meets. they say we'll raise production and price skyrockets. all of a sudden, then we get to 74. everyone on wall street says this a breakout. we're going way through 80, back to 100. it plummets again. why can't experts get a handle on this? >> you can if you think long term. in the medium term or short term, oil will do whatever it is going to do. we saw a 15%, you would say a relief rally because there was so much concern that they were going to overproduce. so when they came up with their modest production hike, in opec, the markets shook that off. you're a big global growth guy. if you look at oil market, that is a reflection what is, the price here of, this increased demand around the world,

economies around the world continue to do better and better. oil, yes it rallied 15% in 10 sessions. over last couple weeks we pulled back gave back half of those gains but we're close to 70 again. one thing i need to mention today i think is being ignored we had a key technical reversal in the dollar index last week. the dollar made new year highs and lower weekly chose. so that could be very negative for the dollar. that is kind of held back a lot of markets recently. if the dollar can resume its overall downward trend that is helpful to oil, gold, stocks obviously. charles: a lot of that depends. we understand that president trump, the rhetoric that he used by calling out china's manipulation, maybe they put a pause on that. they're trying to figure out a way to manipulate credit to boost their economy. >> right. charles: to your point, alan, maybe we see the dollar pull back a little bit. >> yeah. that could be very helpful. go through the phases here.

originally they were termed currency manipulator. then not so much. now they're back on the manipulation side i guess. we'll see. that is where it companies down to focusing on price so much more important right now. that truly tells a tale what is happening. if you look at the facts, we have so many positives. s&p at 2800 close to all-time highs. tech continues to run. earnings are fantastic. another season with earnings growth of 20%. that lowered the p-e ratio. stocks are relative cheaper earnings i would love to hear you talking because two major indices went in the green. we love having you. speaking of being in the green, are you set for 5% gdp growth? charlie gasparino has exclusive for you that you won't hear anywhere else. ♪

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i'm nicole petallides on the floor live from the new york stock exchange. it is earnings season. it will be a hefty week. this is google alphabet. reporting after the bell, google has beaten earnings per share targets in six of the last eight quarters. so we'll be watching for that earnings per share increase of almost 8% from a year ago. our own charlie brady, our senior editor, noting the acquisition costs, increased spending on cloud computing autonomous vehicle research pressured growth and profits but we'll watch for google after the bell. here are some other earnings we watch this week. by the way 170 s&p 500 companies. look at this, 3m, united technologies, boeing, these are all dow components. also intel, exxon and chevron as oil is pulling back today. you can see intel with an up arrow watching semiconductors. but big picture, 18% of s&p 500 companies have reported thus far

and they have been doing extremely well. 82% have beaten earnings per share. so that trend is certainly sure is passing what we expected for year-over-year growth. keep it right here. melissa francis, david asman, "after the bell" on fox biz. we'll have the alphabet earnings for you on fox biz. back to you, charles. charles: thank you so much, nicole. the u.s. economy showing tremendous signs of strength and charlie gasparino reports that the white house is expecting a huge growth number friday. how huge? >> huge. that is what they're telling associates. it's a whisper number. the president caught a little flak for earlier, right before the release of employment numbers, the may employment numbers, came out looking forward to a great report. remember how the markets took off. this is a little different. i don't think you can make a credible claim this will move the markets, but clearly they are privately touting what they think is going to be a huge,

good gdp number on friday. charles: did they give you a number. >> the numbers we're hearing, if you talk the to the president, telling people 4.8%, second quarter gdp growth. the last time we had anything like that was third quarter of 2014, i believe we had 5.2% economic growth. and then as you know it leveled. for all of 2014 i don't think, it didn't crack much above 2% for the whole year. just so you know the president says 4.8%. his advisors are cautioning more like 4.3, 4.4, 4.5, they clearly think it will be significantly above 4%. couple caveats here. second quarter gdp was before trade stuff was factored in the economy. if you read publications of "the wall street journal" tariffs are having impact on certain industries. this is anecdotal.

how much is filtered into the economy, a lot of this prethe real trade tariff war i guess you could say, it takes account higher taxes, less regulation, kind of fiddling with obamacare to make sure it is not as such a strong mandate. i think what you see is this, coming off pretty weak performance in helsinki, you will see on friday, i'm not sure if they have, if they're booking with us or who they are booking with, president trump's leading economic advisor going out and touting this at home. say what you want about president trump's unorthodox style, he has been good for the american worker, good for the economy, 4.4, 4.5, 4.8, that's a damn good number. who cares about robert mueller in the face of 4.8 economic growth. charles: these polls like this, "nbc/wall street journal poll" bear that out.

>> getting better. charles: if you look what is important to people, russia, mueller, asterisk. at very top is the economy. ironically it is less important i think because so many people are not as worried as they used to be. >> i think you're right. we should caveat it. i don't know what the numbers are. charles: sure. >> i'm telling you what they are telling people. who knows if they are telling the truth, if they know everything. charles: going with the experts. atlanta fed is 4 1/2%. >> remember those guys are on the upside. charles: barclays at 5.2%. they might be splitting difference. we'll see. if it is 4.8%, funny to see the outrage. even with the jobs report, considering he put the tweet out before the report, the number comes out an hour before the market opens anyway. >> dollar traded off. charles: come on now. >> i didn't think it was such a big deal. that was me. i couldn't care less. i think more disclosure the better. i don't believe insider trading a big deal to begin with.

my one caveat, charles, this is before the tariffs kicked in. charles: sure. >> question, can it be sustained. charles: even in 2014, we had two quarters over 4% it was terrible year. >> right. charles: i think more important whether or not the tariffs, it will remind americans we can grow. just reminder, we still have it in us as a nation to do this that is the most important lesson. >> as you know, larry suppers, i know you want to get to another topic, larry summers and liberal economists say there is secular stagnation. we as nation should get used to low growth. guess what? we don't have to be used to it. charles: president trump tweeted about amazon. >> this is where i think is idiotic. charles: using postal service as delivery boy and amazon a lobbiest. we have been here before. did nothing to the stock for

maybe two or three days. >> it took it down but back up again. charles: it is up huge. 1800. >> this is what dictators do, they go out and attack a certain company they don't like what they're doing. what we didn't like about obama. he wanted to manage the economy, company by company, telling ceos you got to do this. stay away from this. this is so stupid. charles: i don't think it's a dictator thing. "washington post," every single day i scroll down the articles on "washington post," each one is greater insult to president trump. their hatred for president trump is vitriolic. i think it leads him to the idea that they are a news organization. >> he is conflating amazon with "the washington post." by the way, there is no -- if you really want to go there with the "washington post" he is opening himself up to such, such, legal issues, given what is going on with "the national enquirer," and whether they're a legitimate news organization. as you know they're involved in a campaign finance thing, that

involves donald trump and michael cohen. i would stay away from -- stay away from the post. by the way, or attack the post and leave amazon out of it. charles: i think irony here honestly is that it might delay any real antitrust action against amazon which i believe eventually comes no matter who is the president. >> may come now. charles: won't come now. every week, hey we'll make chips. all the chip stocks go down. we'll make furniture. at some point it is antitrust regulation. >> you've been around the block a long time. you study stocks. you think this is monopoly hurting price discovery? they're not making prices go up. they're making prices go down. charles: they're hurting competition. >> but prices go down. charles: they're hurting competition though. >> prices are going down because they're better at it. charles: essence of antitrust is competition. >> it is monopoly. if you can raise prices. charles: they can if they wanted to, because you wipe out all the competitors you don't have to. >> when you raise prices other

people come in and they can take your -- charles: you can't come in. no one has the footprint they have. >> no one can do what amazon did? alibaba is doing it? charles: that is one company in china. tomorrow you can't open up a ebb with site, saying i take on amazon. >> i'm saying until you prove they are hurting prices, that they are driving up prices through monopoliestic behavior there is no legitimate antitrust claim. no lawyer will take it. charles: we'll agree to disagree. at some point, administration, wouldn't be surprised or democrat would take telephone to task. >> they took out at&t if they're that big, yes. they're not even there. charles: buddy, talk to you soon. what is your gdp number if i don't see you? i say 5%. >> 4.3. charles: see you soon. no signs of easing trade dispute here but no worry from wall street. we edged our way higher. i say it's a good thing you're watching fbn. we'll break it all down for you,

everything you need to know beyond the speculation, beyond the headlines and beyond the hysteria. we'll be right back. ♪ what about him?

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charles: house republicans want the tax cuts to be permanent but senate republicans saying not so fast. they don't want moderate democrats to have a chance to vote for a tax cut. will we really see tax reform 2.0 late they are career? house ways and means committee member, pennsylvania congressman mike kelly joins us now. congressman, thanks for joining us. seems like congress has been eager to get things done out the gate. since president trump inaugurated. you had newfound power. you guys, we want to party to take it away and run with it. yet every time you get something accomplished it feels like it fades into the ether over at the senate. >> the more deliberative body as we talked about before.

charles: okay. >> i get the point if i was a democrat, none of them voted for tax cut and jobs act, i would be begging give me another chance at this. our economy is roaring and stock market soaring, let me be part of that. but if you put us back in power we'll vote to raise your taxes. we'll do all of these things counterproductive. we'll regulate you here. so my question, where is the honesty doing this? listen you and i both know, we watched game films. america is winning in every possible way right now, thank god for the trump administration to get this moving. charles, it is at warp speed. we're not waiting decades to do things. chairman brady said we're waiting 2.0. we have patches come together that make it better for today and individuals and small businesses. charles: congressman kelly i'm talking about your republican brethren on other side. they're not too keen on the other side -- they are very

deliberate and perhaps too deliberate. window of opportunity for the gop to put in place sort of things on your agenda for a long time won't stay open long. >> it won't stay open long and it won't if we take don'ted lead with legislation. old saying if you lead a horse to water you can't make him drink. charles, i'm not just talking from a republican standpoint, as a representative, i'm talking about for every single american. everyone of our 50 states, we're 50-0, when you go to individual states, is it getting better for them? is it getting better for their residents? are people seeing more take-home pay in are we seeing investments by businesses to get greater market share? we lost so much market share over the years we're trying to get back. the only way you get there if you're behind in a race, you need to sprint and leave them in the dust. that is especially the path we have to work with. charles: congressman kelly, i hear other side, rivals on other

side of political agenda, divide, saying, tax cuts, help the wealthy. spend 200 billionstock buybacks. there is always a lot. last year 240 billion. there is money allocated to helping shareholders, by the way happen to be school teachers and police officers, but what do your democratic colleagues tell you in private? are any of them open in your mind, 2.0 version of this with a few things they may want included? >> sure they're on board with that there is old saying there is no secrets in our family. there is a lot of things we don't talk about. they can have the talk in the locker room, when they go out and zip it, keep their mouth shut. all i say if it is good for america, it is good for republicans, it is good for democrats, good for independents, how do you keep your mouth shut and mind eye and deaf ear what is taking place? we represent american people.

charles, 705,687 people in the district i represent them all. not just registered republicans. i want to see america win. president trump has done something absolutely incredible in short period of time. people said this could never happen again. previous administration, just get used to it. you're not that exceptional. you know what? we are exceptional. we're exceptional because we are the biggest defenders of personal freedom and liberty in the entire world. we are the defenders of liberty. why it is important to have a dynamic and such a strong economy. charles: no doubt about it. no doubt about it. representative kelly, thank you so much. >> thank you for having me on. keep on winning. charles: sounds good to me. not winning is tesla. "wall street journal" reporting that the the car now asking suppliers for refunds. susan li with the details. >> makes you wonder how strapped for cash tesla is. "wall street journal" is obtaining a memo tesla sent to suppliers, return of money

payments going back to 2016. elon musk in a tweet items a to confirm, yes they have asked for cash back but only costs that apply to third quarter and beyond, he says it will be counted. it would not be correct to apply historical cost savings to this current quarter. tesla will report earnings on august the 1st. that is next week. analysts have been concerned about the amount of cash tesla has been burning through. the burn rate is billion dollars a quarter. tesla finishing off first three months of the year with billion dollars in cash on hand. many say tesla will have to raise more money. something which elon musk wants to avoid. musk says tesla will be profitable second is half of the year. in also to get to profitability, they're cutting staff by 9%. in order to compete with big carmakers, yes, tesla needs to raise more cash.

the stock is down on the year. being sold down even further today. charles? charles: susan li, thank you very, very much. this is the future of the democratic party, the democratic party has some big issues. that is not me saying that. that is democrats saying that, right after this. ♪ d this is frank's record shop. frank knowns northern soul, but how to set up a limited liability company... what's that mean? not so much. so he turned to his friends at legalzoom. yup! they hooked me up. we helped with his llc, contracts, and some other stuff that's part of running a business. so frank can focus on the beat. you hear that? this is frank's record shop. and this is where life meets legal. with tripadvisor, finding your perfect hotel at the lowest price... is as easy as dates, deals, done!

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>> if the victory of miss ocasio-cortez in bronx and queens, taken the direction which the democratic party should go nationally, the democrat party will not elect a president in 2020. >> is she the future of her views? she has zealous support on the left, do you concur with that? >> we're a big party. a big tent. we're a lot of different views on the democratic caucus on number of issues. what is important there are a lot of energy for our candidates. >> both parties are in a bit of identity crisis. charles: who has more of a crisis. who has more of a crisis. >> i don't see, i don't think there is much point comparing one crisis to another. i think they're both in freefall. charles: many on the left are warning democrats about embracing socialism. former fbi director james comey,

the latest to warn the democratic party about rushing too far to the left. democratic strategist antjuan seawright, new york city councilman republican minority whip, joe borelli, fox news contributor kat timpf. what do you think? >> obama running against mitt romney, a lot of republicans would call obamacare socialized medicine as way arguing against it, it sounds scary to a lot of americans, socialized medicine, socialism. i still think socialism does sound scary to a lot of americans. the fact that this democratic socialist idea is becoming more and more popular, i think a lot of middle ground americans are going to be not wanting to vote for somebody like that. >> i think the reason socialism sounds scary because it can be. a lot of deaths piled up over the years with countries that embrace social itch, not far from us, venezuela, average

person lost 30-pound last year and you have to wait on toilet paper. socialism hasn't worked anywhere, but a lot of democrats think it is way to go. >> everyone slow down, take a deep breath, relax. the beauty of the democratic party we're a true reflection of what america looks like. we're a big tent party. we're diverse under our big tent of the truth of the matter what we're going through right now i call growing pains. we're growing at record numbers. we're registering more voters. a lot of people coming from joe's side to our side because they are frustrated and can't trust the president of the united states. charles: it's a big tent, at some point you have to have a unifying message, right? what will that be? >> we're growing. i think unified message we're fighting for battle of america's soul. we can not afford to lose. i think that will be unifying message. if you look at issues like health care, look at issues like education, look at issues like the environment. the fact people in flint, michigan don't have clean,

running water. those things unite us. we'll be okay going into november and 2020. charles: last week, i saw "gallup poll," climate had 1%. we'll see if that is important. some of these issues he is talking about, we pour a lot of money in there. you know the dirty little secret is? we have the biggest socialized medical system in the world. we spend more money on education than any other country in the world. i am not sure free stuff and more money. >> i didn't say free stuff. you said free stuff. charles: that sounds like that, it sounds like free stuff because what you're trying to do, arguably is when you say, hey, there were tax cuts only rich people got it or rich people got more than you, always somehow we're going to fix that and fix it by giving you more? >> antwan is actually right on political perspective. he is talking about health care. he is talking about education, two things that sometimes voters actually care about. what the democratic party as a block as a organization is not talking about are issues like

that that bring people in. they're talking about voter enthusiasm, right, which they have, but they're also making comparisons to the tea party of 2010. the tea party took issues -- >> i don't want that comparison. >> tea party took things popular to a broad scope of americans, eliminating obamacare and low taxes, brought people in from the middle. the opposite is holding true. abolish i.c.e., russia collusion, you know open borders, these are things that are not bringing people from middle in your party. >> joe, keep in mind, a few voices on choir may be singing louder, may be new to the choir, that doesn't mean the choir lost its mission. when i talk about issues i mentioned, whether health care, whether education, access to thing called the american dream, the fact under your party's leadership that is not reality. american dream is becoming an american nightmare for some. i think that will thing unite democrats. charles: it didn't become a nightmare on january 1st oars january 25th, 2016. things that were bad for people

suffering now, we'll suffering for a long time. their lives didn't change. >> that is not true. charles: people lives have gotten worse since trump was inaugurated. >> you look attacks scam a few months ago, majority of americans polled look this has not been beneficial -- charles: you said suffering. are their lives worse. >> for some they are. charles: how? >> take a trip to rural south carolina. >> how is life gotten worse. >> their life hasn't benefited -- charles: how has it gotten worse. >> they have gone full steam backwards because of policies of donald trump. charles: let me bring you into this. democrats make a mistake when they ignore alexandria ocasio-cortez, say just a niche thing. can only happen in the bronx and queens. i think they're making mistake. when they look the other way as joe crowley may go against her in the general election on third party ticket, i think they're looking the other way, making a huge mistake following these same old leaders, no pun intended that are, you talk about the chorus.

they're singing song that american public has rejected. >> right. charles: i think, listen i don't agree with her politics i think with her energy and to joe's point she has identified frustration americans all across the board felt. one of the reasons why bernie sanders and president trump came on to the scene so strongly. >> it would be a huge mistake discount it only can happen in the bronx or because she is fresh face and inspirational story which she absolutely does, going back to the 2016 election, you just said, bernie sanders was incredibly popular. bernie sanders democratic socialist was incredibly popular. charles: amongst some. >> it represents, it does represent a bit of a chasm in the democratic party. charles: listen, we have hard break. i need to know, we got to get out of here. >> i never said we should not embrace her. i said there are many facets of democratic party under the ticket. charles: should democrats embrace socialism? >> we should embrace the idea of

moving country forward. >> buyers remorse in the democratic party. we seeing that with alexandria ocasio-cortez. >> i fundamentally disagree with you. charles: thank you all very much. white house pushing america first. is it becoming a reality. we'll talk about it after this. . so no matter what you trade, or where you trade, you'll only pay $4.95. fidelity. open an account today. and i'm still going for my best even though i live with a higher risk of stroke due to afib not caused by a heart valve problem. so if there's a better treatment than warfarin, i'm up for that. ...

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charles: welcome back to cavuto

"coast to coast". i'm charles in for neil cavuto. president trump has sent the products with the strait tensions continue with the no backing down inside. ellery is at the white house and more. reporter: the president continues to lay down the hammer on companies that make your stuff outside of the us and want to bring their products back here to sell so today he is reporting copies that are america owned and operated right here in the us by highlighting products from all around the country. each product at this event today is all made right here in the us but here's a rundown of some of the companies that will be here today. everything from small mom-and-pop shops to massive corporations like lockheed martin and ford motor company. you also have the company from connecticut that make plastic bats and balls and jack links beef jerky from wisconsin.

vice president mike benson stopped by earlier today and they're not getting a chance to show off their products and meet white house officials face-to-face. later today the president will speak and deliver remarks at this event. it's clear that he's making a push for these american-made products. this is an event today and this highlights some of those doing this right here and the rest. charles: hillary, thank you. trade issues are facing pushback from some even within the republican party but oklahoma republican congressman says these moves are the light ones. thank you for joining us. we have heard from more and more republican officials elected republicans, the majority have stated that they are charming and negatively on this tactic and i guess the question is when you have these conversations with your colleagues what is their solution to this because it feels like things have been

tried over the years and circumstances have got worse. >> this is a point i made several times. the reason why the president has had to go forward with taking tariffs is so many elected officials look past or look to the next election and were only taking care of our backyard. when were talking us tariffs and us manufacturers we have to look at five-ten years down the road and look at the country as a whole. that is why the president is best suited to do what he's doing. i applaud him for taking on this problem. a wto, as you know, created in the mid- 90s and have been edited for ever since then and we have been losing. at some point we have to reset it. charles: the eu commissioner is on his way to washington dc and everyone is excited to see what happens. early last week he hinted that

he thought that maybe there would be conciliatory offer that expectations have been cap down since then but at some point someone will have to blink and the eu will blink, canada, mexico and then of course, china. we prepared as a nation to fight this longer-term version of this because at some point there will be economic pain and has a president that enough to articulate to the public that there may be short-term pain but the long-term benefit outstrips that. >> i think the american people you see as a whole are supporting what he's doing. the manufactures are nervous and should be but a story that did not get a lot of information is at the g-7 the president offered to do away with all tariffs if the other countries would agree to do the same with american goods. they walked away from the table. at the beginning of all of this the president was clear he is not wanting to have free or

flat-rate unless the other countries are willing to do the same. we want to have equal opportunities to do business in their countries like they do ours. when he offers to do awaited why didn't they agree to that? because they know they have a sweetheart deal and they know they're taking care of or taking advantage of the american population. charles: how does this happen? how you think the europeans that it's okay to sell cars to america at two and a half% tariff but we are automakers to pay 10% tariff? is this a long-term entitlement mentality that has developed after world war ii? >> yes, go back to the beginning of when we started doing trade with these countries. it was to rebuild after world war ii. our economy was strong and we were building and going through so we would subsidize what the other countries were doing which is fine. that was a handshake gentleman agreement until the '90s and until the wto came into place. once it became formal they started taking advantage of us

in a strong way and we see our trade deficit has grown to over $500 billion. at the end of the day they don't want to let go of something that is great to them. the economy in europe is strong and they been moving forward and it's time to get back to a free or fair trade deal among the countries. charles: the cover of the economist think this week or last week said can be saved? should we try to save these organizations like the wto? or should we - >> no. no, the wto has been broken and the president tariffs will not pick that they will not break something that is really broken. it's not been in our favor from the beginning and it's time we had a new trade deal with these organizations. the president offered to do away with all the tariffs at the g-7 as long as they would do the same and they refuse to. why? they love to get advantage of

the american consumer. charles: very telling. representative mullen, thank you. >> thank you, sir. charles: president trump's approval rating the main study. then be the poll shows a high - despite gop critics who get face time on all the networks around the country. the big question here is let go to washington with gabby. how do you explain this? every day it's negative, negative and i don't care if the gdp number comes in at 5% but it will be the rich are getting it, taxes go down, corporations are spending their money on themselves, anything i think is a slamdunk new story for everyone somehow they get skew skewed. reporter: it is shocking to see the president trump reached his highest approval rating of his presidency. is up 35% in this news poll and this poll was taken over the course of the press conference with vladimir putin and the days after the president trump had

issue that clarification, noting he did not intend to contradict intelligence conclusions. it is surprising to see him at this figure, not to mention he's at 88% approval among republican voters. that's the highest of any republican president excluding george bush right after 911. it surprising to see that. it doesn't seem as though his support and not bases wavering despite the criticisms and controversy that he's weathered in the past week. charles: could be argued that because of criticism seems so over-the-top and so egregious and so one-sided that it's helping him? reporter: yeah, this white house is built into their strategy that the criticism we see of the media - they've always said he faces a constant barrage of negative coverage but the economy is still doing well and you see that in these numbers. 50% of voters and that includes democrats independence approve

of the pace of the economy and economic growth. they approve the way president trump is handling relations with north korea and other countries although there are democrats and independents who disapprove of his handling of other issues including immigration. those things the economy are really giving him a steady boost in terms of his overall approval rating. charles: gabby, let's move ahead towards november. can this impact or what impact do you think this would have on the midterm elections considering historically the party in power always loses a fair amount of seats, no matter who it is and secondly, the ability to take the trump is on if you will and curbelo it to a candidate? most of these running and that midterms have embraced president trump and it's his party now but will voters see that?

>> i think if you are a republican and looking at these numbers you have to be a bit pleasantly surprised because president trump has 80% among the public voters presumably those voters will be enthusiastic and turnout in the elections. they will support candidates who support this president. if you are a republican in the district we had to be critical then you may be in trouble because it does seem as of the president the still enjoy a great deal of support among republican voters, gop voters in general. then, looking further to 2020 at these independent voters when they feel about the president that's an area where president trump could get in trouble. 60% of independent voters currently disapprove of his job performance in the white house. i think that is something his campaign is looking carefully at at this point. charles: for the independent voters what is the top issue overall? >> it is the economy and i think immigration is probably the weakest area right now for president trump, especially on

the whole of the family separation crisis. charles: gabby, thank you. >> thank you, charles. charles: president trump issuing a bold warning to iran. critics are up in arms not so much about what he said but how he said it. after this. much more on the white house america first push. we will discuss it tonight on making mommy at 6:00 p.m. eastern on foxbusiness.

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its a new kind of network designed to save you money. click, call or visit a store today. charles: president trump issuing a fierce warning to iran. president rouhani saying america work with war with ours. president trump countering with - morgan is with us. we talked about iran in part because the supporting revolution going on that i think is complete underreported but what you make of this that we've seen in the last 24 hours? reporter: that afternoon, charles. to me, charles, this looks like a coordinated effort amongst the

administration's top officials and their messaging on iran. i don't think the president tweet was sent by accident and i don't think it was sent in vain. it was sent out because this administration has decided that iran is currently vulnerable from an economic perspective but also from a political perspective. we've seen over the past 18 months mass protests in iran and that frustrates the iranian government and scares the government more than anything. you see teachers and union workers protesting and just the past few days with the members of the iranian military protesting the army because of their unpaid wages or pensions. this is a similar i would think to the early 2009 green revolution protest we saw under president obama. it's happening again and more worrisome to the iranian regime because when they received billions of dollars of sanctions relief from the obama administration the everyday

people were told we were bring iran to the mainstream and will benefit all of us. instead what happened was the iranian regime find their pockets and used it as a trust fund to fund the revolution guard summit terrorism around the world. the arena people are frustrated as they should be. charles: to your point mike pompeo in a speech on sunday in california which has 250,000 iranian americans and honestly, a great conduit to get word back to iran that ayatollah khomeini has, off the book hedge fund worth $95 billion. that has a net worth of $300 million and these people, $95 billion? people have to be up in arms about that. reporter: they should be. it was interesting to me that the administration once the public with that information. i see this is an incredibly

targeted effort by this demonstration to reach out to the reading people and say yes, your worst fears about this regime are right in the keeping this money to be the number one state sponsor of terror in the entire world. these people and veterans from the iranian military are not getting the pension paid. charles: it's crazy. the use the voice of america to help get around the internet censorship and to go cost television, radio and social media and radio so this is good stuff. i want to move on and ask you about critics because are now calling for the interpreter at the trump hilton meeting to be subpoenaed. former cia director leon panet panetta. take a listen. >> please, don't say this is the usual behavior for presidents - >> weight. weight.

leon think about what you are saying. you are saying there is a move and we want to talk to the interpreter in that room and we want to question what was said. >> i'm not saying that. i'm not saying that. >> you are against these democrats were pushing and you think that's a mistake, right? >> i don't think we ought to talk to the interpreter. got to talk to the president and to the secretary of state about what was discussed in that meeting. charles: morgan, what is intelligence at the forum say about this meeting? >> sorry, did you say charles what were people saying about that . charles: about the trump meeting. the of the press conference in the tone of our meeting. we don't know what happened but some are using or leveraging the performance at the press conference as a way for an excuse to learn more and goes far as giving a subpoena to the

interpreter. reporter: subpoenaing the interpreter's political theater. that will not happen in these committees. every committee has their own rules and the democrats do not control these committees. some committees you need both ranking and minority leader or german to agree to that but getting the parliamentary stuff aside what will happen if there were to be a subpoena to the interpreter which is incredibly, highly unlikely, the white house legal advisor would exert executive privilege and executive privilege according to the law of the land trumps everything. it's a subpoena and many administrations have used it before so i doubt they would be subpoenaed. if there were, clearly the administration would exert executive privilege. the reason they would do so is because every white house needs to have their own messaging and negotiations behind the scenes and that has to be protected and

at some point in time they need executive privilege. charles: let's take this. how much of the meeting to the american public to we have a right to know and how much do you think the white house should share with the republic? remac is important for the white house to the company as a strategy and communication strategy the american people on what their policy is. that is far more important than specifics of what happened in the president of the united states that individual is always going to have meetings with their foreign counterparts. there's typically a vague read up the matter what demonstration is with never get the intimate details between two world leaders and no matter who it is and this is not a republican figure. what is important and important for me and i watch closely was whether the sanctions were listed or whether russia got anything out of the meeting. i think russia think they got a

pr victory but what matters to me and sanctions were not lifted and vladimir putin did not get economic things he wanted to get out of the meeting. charles: morgan, thank you. reporter: thank you, charles. charles: the us could be going faster than expected. charlie reporting that advisors are now expecting 5% growth. g c. minor accident - no big deal, right? wrong. your insurance company is gonna raise your rate after the other car got a scratch so small you coulda fixed it with a pen. maybe you should take that pen and use it to sign up with a different insurance company. for drivers with accident forgiveness liberty mutual won't raise their rates because of their first accident. liberty mutual insurance. ♪ liberty. liberty. liberty. liberty ♪

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charles: we are in the midst of earnings season and this is the busiest week of them all. a third of the company set to report included facebook, amazon and of that report after the bell today. we watched the scene to see which companies about trade in taxes and what guidance they are giving us. looking for the red flags. president danny shaver and global investment victoria fernandez.

victoria, but start with you. it's been a tight tug-of-war in the last couple of weeks with the earnings and markets and they punish the ones that missed and a few are up but what is the market waiting for right now to get a q - is are not in a big name supported yet? >> i think got so much uncertainty in the market that they're taking a break. we've had solid earning numbers come out in financials did well and we saw that the bank of america, city, j.p. morgan and microsoft did report while in ibm was strong. we had good earning numbers for the fact that the number is in a wait and see mode comes from the fact there is so much uncertainty in regard to trade in tariffs. people will be watching for guidance as it relates to [inaudible]. we see that is one of them are just tailwinds going forward and we have microsoft say they would have good [inaudible] and make

of america reported 500 million going forward and that is the key because it increases your productivity and good producing jobs and keeps unit labor costs low so that will be key. the waiting for the uncertainty to go away. charles: dan, victoria mentioned the financials and they needed to have a big quarter because they been a bit disappointed this year but they are up big right now and there up leaving the market and maybe we could get rotation out of the big tech names but what if the tech names don't live up to the hype? >> the tech names, i don't think will live up to the hype. banks are way overpriced based on the yield expectations going down the road. the markets are misplaced right now in many different areas and one i believe strongly is the banks considering their thirty-year, tenure, two-year deals where they are placing themselves for the future. it will be difficult for the bank to make a profit.

also think the banking sector has the housing starts and housing sales have been declining and that will be an issue for the banking industry. their living off of fees at this point and that's a problem. as far as the technology group, charles, i have a big concern. microsoft did not seem like a big enough deal and facebook has better hurdles on their earnings coming out and if they don't meet over 45% or 49% increase in sales they will have a problem. amazon is an illegal company that's because down. we can talk about the cost of goods sold and fulfillments are higher than their sales. this has been going on every quarter and there are be looking closely at that. alphabet is a study as you go but it's not price right. by the way, if i said to you are the company that's 286 times trailing earnings . charles: were going to buy - i will say where can i buy it? let's switch gears because

charlie reported with us the news that president trump himself now participating at the economy group 4.8. looking forward to numbers about 4% and maybe 5% but what is the significant from a investment point of view? >> we are looking long-term. yes, will have a strong tdb number that comes out as anticipated but the question is will we see going forward? are we at the peak of the year for gdp q? probably so. were at the top . charles: let me jump in. you have done something important. if it is the peak doesn't mean we have to go down demonstrably or will we have enough growth to get this mark to justify higher stock market by the end of the year? >> we have tailwinds still going right now. not only do we have repatriation and corporate tax reform and i don't think you've seen that flow through at this point in time. we've stronger labor market

committed so we have tailwinds to push us further along so yes, we will come down a little bit but i don't think it will be a significant drop. charles: 's impression to you, dan. despite all the talk i got to tell you i'm impressed with this market but acknowledge that like to see buying go beyond a handful of tech names. what happens if the gdp numbers four and a half or 5% for you in your mind, to that resolve the negativity or anxieties that you have right now? >> no, actually it would make it worse. based on the formulas that i see i don't know how to get to 4% or 4.8%. on top of that if we get that number then that means going forward when we have an adjustment for the next quarter we will see a significant decline. google negative if we give up 4%. again, i don't see 2% and i don't see to present so not sure where they are coming up with these and there are two issues

that come out after this. charles: it will be out there on friday, the first vision for all of us. victoria and dan, thank you very much. democrats doing soul-searching as new numbers republicans are staying fiercely loyal to president trump and the reed you will not find anywhere else next. ♪ 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.

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structural advantages that the republican have when you look at the house map and because of the cell sorting and gerrymandering they are looking to present a challenge to the democrats in terms of taking back the 23 seats or more that they need to flip the majority. democrats need to win between seven and a half a% and that is very steep and above-average to put control of the house this fall. energy is on their side and republicans are showing great wrong track numbers and independence have joined them and some democrats and those numbers for this president have been higher and that's good for the incumbent party. the thing that is wanting them is they think republicans where they think trump voters love trump but not so sure filter not to defend the majority given the headwinds they are facing. charles: also, i've noticed in the same wall street journal nbc post paul that the generics lead and that's not just that poll

but several have shown it to be wobbly. what can democrats do to counter that? it seems like every week they test a new message and it was a part. i'm not sure if it will be abolish ice but they will testdrive a couple of this between now and november. >> you're right that the national message coming out of the national party is foundering and you see a lot of the loudest voices coming from the social doing of alexandria ocasio-cortez and bernie sanders and elizabeth warren but when you look at the local races where the races they've recruited excellent candidates who are moderate trying to take over swing districts where republicans, let's say, are currently representing the district but maybe hillary clinton one or trump one by a few points they are raising money and focused on of message

that they're not talking about president trump but talking jobs and wages in the highest concerns of their constituents and those are the races they need to in to put the house. it's not what the most liberal left democrats are starting this year. what is shaping up to be a problem for the democratic party long-term is what they will do in 2020 to come up with a candidate to take on president trump. that is increasingly for using the battle between him diminished middle of the party or center and a strong ascendance with a socialist progressive left. charles: it's interesting you bring that up because even alexandria ocasio-cortez really mentioned president trump's name. she hardly ever brought him up at all and then you have a conor lamb who one embracing a lot of the tenants of the trump agenda. there could be interesting if that is the thing that gets him over the top and they take control of the house how they proceed to 2020 for the leadership probably does not want to go that route.

>> it will be a huge challenge. no matter what happens in the house this fall. the current house democratic leadership will be wiped out, i believe, whether they loose or blamed or they win in the younger democrats in the house and the new democrats say we have to turn the page it is time for you to septum. they are looking at quite an insurgency that is building rightly and that will destabilize the democrats at a national level for a while. they had leadership in the house that will be in turmoil. it will be interesting to see because they're trying to come up who they will get behind to challenge president trump and they're very divided right now in terms of governing pro-business, pro- free trade, center of the party that is disappearing in a louder more energized left that is promising people things we can pay for. charles: does the issue of who

controls the purse strings always model who, you know, the mendham that you described and the paul ryan's or the nancy pelosi's who ultimately stay in power because they do control the purse strings? can the internal democratic resolution overcome that? >> i know that republican candidates want to run against nancy posey and many watching today think she will stick around but i will tell you she does not have the map and she won't be leader or speaker on the democratic side. if you count the on the record statements from tim ryan, kathleen rice, brian higgins and others and add them to the people who are running who have said publicly they can support her, she does not have the numbers to become the next minority leader or speaker. charles: anything what you see happening to president trump's momentum if there publicans is the house? >> republicans if they lose the

house and democrats try to have them out in the impeachment battle they will not be that's a thin, unstable majority and they will not be successful. he will have a foil. if the republicans lose a few seats but hang on we are looking at massive gridlock and president trump does not have a foil enamel create a worse challenge for him in 2020 if he holds his majority. the numbers will be so weak that the internal divisions on the republicans side are so steep that were looking at two more years of gridlock and fighting. charles: counter intuitive. great thinking. thank you very much. rates continue rising and president trump is not happy about that. next, hear from someone who says you should be happy with that. or is it? this farmer's morning starts in outer space. where satellites feed infrared images of his land

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charles: rates continue to rise as president trump signals that he is unhappy with the feds raising a. interest rates impact everything from mortgages to credit cards. should you be worried? the jump 2020 advisory board jason, ben phillips and a lot of people are saying the president has gone after the feds and

you're not supposed to do that. >> he broke portable. charles: again,. >> but he said that he's a good man and he also said i'm going to let the feds do what it wants to do and i've always expressed these opinions as a private citizen and not could change that simply because i'm present. i think some total if you look at the future as most people are expecting rate increases this year. if you look at the earnings we have seen so far earnings are coming in strongly even the imf talking about us growth database with tons of warning if we have a trade war that escalates but for the moment i think most investors are okay with what is going on. charles: ben, is that we are right now? does president trump have a point? in regard to china has been of alaska balearics in last few weeks this stuff we puts it

lower mitigating the impact or trying to impact the street battle? >> the president is concerned about the dollar strengthening. the stronger dollar is generally bad for us trade deficits. if we see a continued rate increase that will be a stronger dollar so that is what president trump is looking at and probably why he's getting that - >> can i raise quickly? part of the weakness is global investors who think the trade war with china more than it would hurt the us. we consume 80% of what we produce and have an active consumer class in a way that china does not. there are signs of slowing in the economy. i know whatever data points we get from them are not always with full transparency but there are universal signs of a slowdown even in their economy. charles: they have a debt problem" problem in the fact that people's bank of china is giving banks cash in saint we want to i backed that with that so it's a two-pronged thing.

>> is a lot of mush untreated money flushing out around that system, as well. charles: we have a report out this morning that is a huge mess. the chart helps explain it is prices have gone like this and now cells are going like this. have we hit the point were now people can afford the existing home prices have they gone too far and is that one of the main reasons were seen these disappointment? >> were in a buyers market on the housing front. going back to the interest rate environment and raising rates right now would be a dangerous thing. we need to keep rates low. we are digging ourselves out of the previous administration's abysmal economic policies. we at eight years under obama and the fed do nothing but keep it unchanged at nearly zero. it's a we now have an unappointed rate of an 18 year low, gdp approaching 4%, wage growth that is going at best space since january 2009 so the

economy . charles: for the wage growth is what scares the fed could go back to january and it sent the chow off 66 points and i agree with you that it's outrageous that the federal reserve prince. have $20 and the banks get in trouble but think we should slow the economy because someone who is not had a raise in ten years may 2% more. >> there's a concern talent in that equation was the huge tax overhaul that was passed in december 2017. there's an argument to be made that the trump administration did a lot for corporations and therefore, doing a lot for workers. the fed just to take the opposite point is in a position to tighten a little bit and the fed has been clear saying they will not tighten unless they see - >> this economy is not overheated. we are just digging ourselves out of abysmal eight year

economic policy. let's let the economy under trump start to perform in the text cut in the bill trickle down into the american worker and let's let these wages start to grow and if and when the economy overheats we can play with the interest rates. right now were digging ourselves out of it. charles: we know the fed wants to be ahead of them. they don't want the overheating to happen. alan greenspan, i think, many people point to the maestro and that's the main mistake you made that he waited too long. >> he was hanging out. >> we were talking about ways and in relation and we not even seen it until just now. that is one thing that deserves credit. we not releasing big wage inflation. the risk is facing massive speculation whether crypto currencies or prices are getting ahead of the fundamentals and that's our biggest concern. charles: the market watch, the dow is cheaper now than the market is turning 16 and a half and i was over 20 -

>> were much more skeptical of evaluation. or forward earnings estimates. s&p is up 20% and that's a consensus and we could paint a picture where it's down 10% if we see continued inflation, global growth fall off from go-between issues and i have margin earnings. charles: you think the p/e ratio and where would you put a dent? >> earning estimates are too high. [inaudible conversations] charles: even though we blow them out of the water last quarter and guidance is phenomenal? you think all of that is - >> if the global trade stuff settles and we come with positive agreements out of that and more global trade across the world then there's a scenario where he could see a strong earnings in 2019. >> that's a good point. were in the middle of renegotiating trade deals so why would we raise interest rates and where we hurt ourselves and that negotiation. >> and adding to the bubble,

there are a lot of it's not quite warning signals but there are people saying people are beginning to take on riskier and riskier debt, not that it means that is 2008 all over again but there are people monitoring it. charles: some of this doesn't self-correct like that coin has come down on awful lot from and stocks it is tough. i see so many industries outside of tech where evaluations need to be extremely low and i know you're on the real estate side but when i look at the real estate side and see new homes and i don't see the euphoria and maybe there are issues there but i don't see the euphoria. >> no. it's not there. the text cut and reform bill was massive and one of the biggest in history we need to let that get into the market and let the confidence overtake the market. charles: is anyone concerned or

i happen to think that jay powell coming from carlisle being a start guy and wall street guy, as opposed to classically trained economist, guess what were talking about more so than his colleagues. the that provide us with cover? >> previously it seemed like economist lock themselves in room and said things that were not in plain english and people cannot interpret them. he's explain spokesperson, what. >> determined powell, i think is more candid with how he's thinking and speaks in plain english and definitely in tune with the market. a positive. charles: great conversation. thank you all very much. president trump about to host an event promoting products that are made in america. box business number we will bring you there.

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charles: long time ceo sergio marchionne is stepping down. he is not only executive leaving. jeff. reporter: tough one, charles, for those of us in automotive press for his honesty willing to take questions, complications from an operation he had on his shoulder. speculation it was a stroke. has forced him to step down. he is being remaced by his

probably most successful deputy, mike manley, who ran the jeep brand. responsible for trend does growth of jeep. first for marchionne, i don't think his impact on the automotive industry can being overexaggerated. you knew he was stepping down. he already said he would step down next year. i said to him at the time, please don't retire. i would like to get a job like yours where you walk around and ask people tough questions all day and they have to answer you because you have a tv camera. a great guy, loved by even unions in the u.s. of the success was there. take a look at the stock. today it is down a little more than 2% actually. it closed down 1 1/2% in europe but fiat chrysler stock which ipod in october of $20,146 a share, now in the -- in october of 2014, ipo'd at $6 a share.

that tripled by my calculation. another person leaving a challenge to the company, he is the fellow who ran fiat chrysler in europe, africa, the middle east. he is rumored to be successor to marchionne. was passed over and decided to say, i'm done. manley, the thing he shares with marchionne, they're both crazy workers. they have tremendous capacity for work. manley has traveled the world over the course of his time at fiat chrysler. he is introducing the jeep cherokee at the new york auto show. i saw him there. he takes things seriously. marchionne was big joker. manley is not. he is very serious guy with serious earnings call wednesday where he will have to face the media. charles: jeff, real quick, before i let you to, is chrysler still going to be a big part of this company? >> it's a increasingly small are part of the company.

charles: right. all about jeep. >> you call it jeep, right? that is where the growth is. growth all over the world. charles: appreciate it. folks, thank you very much. a big day coming up. here to take you for the next hour, trish regan. here she is. trish: thank you so much, charles. president trump issuing a very stern warning to iran today after iran's president says trump's policies could lead to, quote the mother of all wars. president trump firing back saying, quote, you better not threaten the united states again because if you do, you will suffer consequences. all right. we'll talk about that. just a few minutes we do expect to hear more about the president's america first foreign policy that is when we hear from white house press secretary sarah huckabee sanders. i'm trish regan. welcome to "the intelligence report." ♪ trish: president trump and iran's president