it is back to 313. why? there is an article in the "new york times" today, an interview with him, he comes across as emotionally unstable. not good. neil, cavuto it is yours. neil: the irony of that, i like the way high lighted apple what is it going on right now, tesla, both guys run companies have been looking at all these other ventures and efforts on the same day we get, all these other side activities, but if you have a few bad tweets, everything else, people start questioning it, it can turn around just like that. stuart: do an interview like that with "the new york times" you have a problem. neil: it goes quickly. we always stay humble, stuart. you never know. stuart: well i do, neil. neil: i don't know why i said that. people say, neil in your case it will come handy. we'll also be going over what is

happening on the trade front. someone who has a vested interest in that, governor scott walker, wisconsin. hopes to get a third term in there. this is the fourth time democrats are trying to take him out. we'll explore that with the positive a little later. these on going, optimistic comments the president is making about trade and something he will discuss in new york, when he comes up to the hamptons for a fund-raiser, is something that has got a lot of people excited, maybe at the very least the chill with china will ease a little bit. there is no way to guarranty that. the first talks anyone is having on this subject since last spring are being deemed at least promising. we shall see. is this optimism, buying at wall and broad a good sign of things to come? get the read from real clear markets editor, john tamny, and gerri willis from the new york stock exchange.

gerri, looks better resolving the impasse better it looks for stock, right? >> people talk about how we haven't focused on trade but it's a steady back beat with any conversation you have with traders down there. they are concerned about it, they are worried about it. and the as new tariffs go into effect next week. i have to tell you, feels like china is in a bit of existential crisis right now, growth is slowing and there is fear because of the strong dollar there could be a capital flight risk when i say fear here, fear in china because of capital flight risk. that is always part of any discussion with any trader down here. neil: i look at that john, and wonder what kind of deal the president would have to cobble together to satisfy the markets. i say simple as i am, nothing with your complex and advanced brain cells, almost anything would be welcome. resolving the impasse, moving

on, whether deemed a big victory for the u.s. or not doesn't matter. what do you think? >> i think so. ultimately investors want certainty, with certainty they can move on. isn't it interesting we're talking today about apple hitting an all-time high? it speaks to the importance of getting the china worry out of the way. apple gets a quarter of its revenues from sales in china. what a disaster for the world's most valuable company, if we got a tit-for-tat that led to higher tariffs on both sides. hopefully resolution is what markets want at this point. neil: one of the things the president seemed to intimate. woe wait, he was saying this yesterday, kind of hinted at it, addressing reporters before leaving on marine one from the white house, that he is willing to be patient. he is willing to wait, wait, to get the right deal. i guess i'm curious what the markets deem to be the right deal? >> well i think the market just wants closure. i believe the president is taking the stance, because we are in a position of strength right now due to what is

happening to china's stock market. i think he realizes that. but at the end of the day, the longer this trade war concern drags out, the bigger risk it will have negative ramifications on the market. i believe once we have closure on trade, we are setting ourselves up for a huge fourth quarter run-up in stocks. right now that is the only dark cloud keeping it down. all the other fundamentals are strong as they have been in many, many years. neil: you know, gerri, looking what is happening today and the different directions, for example, of some big tech names and i'm going to include tesla in the big tech category, the visionary category, it is going south, apple is going north and confusion reins supreme for iconic names here. what are you making and how far people tell you this tesla thing will go for elon musk? >> i think the tesla thing will go very far indeed. i think that will stablize the

stock. apple, amazon, alphabet, all the "fang" stocks, what traders tell me, at the end of the day the business models for these companies are all very, very different. you have to analyze them on the basis of that, not just think of them all the same because frankly they're not. neil: john, looking at tesla stuff you worry about a spillover effect here. i don't know beyond this company's limited case and this iconic leader but, who benefits in the event tesla stumbles? >> i wouldn't worry about spillover effect, saying the mets are awful and yankees will be awful because they're in the same city. tesla is a unique company. while i don't like the subsidies i think elon musk is a genius. it is hard to imagine what is going on in his mind would impact others. my sense other companies are looking to move in the electric

car direction good or bad. what is good for tesla is good for other carmakers f tesla succeeds, it has impact for everyone else. neil: we may be forcing this into the same area, so-called visionary companies, do you worry if this drags out, not necessarily for elon musk or tesla in general, that, investors and those who would like the products will start leaving and, on the belief that bigger troubles are to come, let me cash out my deposit, take it back, see how this whole thing settles? >> i don't. i think tesla is really isolated situation here. i don't think it will affect other companies in that space. although, what i will say is, i think those companies in that space may look at it as an opportunity to capture market share that maybe they didn't have an opportunity to get three weeks ago before tesla started to get into the troubles they're in here in the short term. neil: you know, john, i want to

go back to you a little bit on this china thing. we're getting a couple more details, that they are open to discussing anything and everything we're told when they come to the united states, and an issue that has come up how we treat iran which threatened sanctions and countries that deal with iran. china would you know is included in the list of countries that continue to do business. so we have multipronged approach we could hit them not only on trade issues with us but continuing to trade with iran? >> again i say that is dangerous. let's never forget that china's economy is very important to the health of the u.s. economy. u.s. stocks are priced precisely because investors assume that u.s. companies will continue to sell in large part in china. again, apple gets a quarter of its revenues. boeing sell as quarter of its planes. it is nike's second largest market. gm sold more cars there in the first quarter than it did in north america.

it is very dangerous, we hear, okay what will hurt china. if you hit china you hit the best and most dynamic u.s. companies of all. neil: thank you very much. we're trying to keep track of multiple news developments as we speak. the president, moments ago arriving in the hamptons. he will talk to supporters from there. he will spend the weekend in bedminster, new jersey here. but he made it very clear, he is optimistic what is happening with the economy. the fact that we hit a 52-year low for youth unemployment. for those ages 16 to 24. pounding the theme will be at his back the republicans back, going into the midterms, that will take care of so-called blue wave, a lot of republicans, many in the media talked about being inevitable this fall. he simply does not buy that he will echo that, and progress on the trade front as well. we will bring you up to date on what the president wants to do

regarding companies in general in their reporting procedure. by now you're used to the fact in america companies report every three months. they have quarterly reports. it has been the way it has been forever. it is not always that way abroad. in germany, for example, they report twice a year, every six months. the president likes that. at least he is pursuing that. says it would take away some short-term oriented thinking in trading and overall strategizing that can sometimes do more harm than good. is he right? we're on top of that after this. you're turning onto the street when you barely clip a passing car. 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.

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companies four times a year. these quarterly reports have been the mantra from day one. it is not always the case everywhere. for example, in germany, for them it is twice a year, every six months. so the president wanted to explore that he didn't endorse one way or the other. thinking is avoid short-term thinking, going twice a year you take pressure off companies to be so shortsighted. good or bad there are a lot of different views. he is looking to the securities & exchange commission to explore that. blake burman at the white house with more on that. blake? reporter: you're right, neil. president through this out in a tweet, he wants the sec to conduct a study as you put it, to see whether or not companies should report twice a year instead of four times a year. in the speech the president didn't necessarily endorse twice a year or four times a year t left a question open to what exactly he thinks of all of this. fortunately he stopped to talk to us on the south lawn of the

white house a little while ago, before he got aboard marine one on way to new york as he is about to land there near you. i was able to ask the president, what do you want? do you think companies should have to report twice a year or do you think they should report four times a year? the president told me, quote, i would like to see twice, but we're going to see. this was the rest of his response here. listen. >> the head of pepsi-cola, a great woman, who is now retiring, she said, because i asked, what could we do to make it even better and she said, two time a year reporting, not quarterly. i thought of it, and it made sense to me because you know, we are not thinking far enough out. we've been accused of that for a long time this, country. so we're looking at that very, very seriously. reporter: looking at that, very, very seriously, neil. we reached out to the sec to ask several questions about how this study would work, what might it eventually rouse, when et cetera. we have not heard back from the

sec this afternoon. we've also reached out to pepsi, the president said or suggested at least twas outgoing ceo, indra nooyi brought this up to him last week when he had the business leaders out to bedminster for dinner. we have not heard back from pepsi whether this is their official position or not. neil: did the president run this by the sec, so the sec had a heads up he was going to be talking about this. reporter: no clue with his tweeting, neil. we don't know. when we ask officials around here they normally say the tweets stand for themselves. thankfully we were able to ask them. he said he would like to see it go twice. as far as head's up, who knows. neil: good for you, buddy. thank you very much, blake burman at the white house. charlie gasparino on this. you have had a busy week of breaking news. i wanted to pick your brain a little bit on this.

you can make the argument we're very short-term oriented in thinking, way we invest and companies plan because of that. it is worth studying but what are you hearing? >> or you could make the case that because we report quarterly companies feet are held to the fire. neil: that is very good point. >> they have to perform, not for them, i wish the president would talk to ininvestors and ask the average investor would you like to hear from the company once a year, twice a year or as much as possible? and i think one of the problems is that companies are, you know, they don't give us enough information. sometimes they give us bad information. neil: right. >> i will tell the president, if he ever asks me, if you're going to lay out all the problems that you know the securities markets face right now, quarterly reporting, you know, and short-termism through the quarterly reporting does not make the top 10 list. what would make the top 10 list is whether companies and their ceo's are disclosing accurate

information when they do disclose to, to investors. and -- neil: along the way they're supposed to, whether quarterly or annually, twice a year, they have to brief shareholders on plans either to issue new shares or to take a company -- >> you want them and to properly disclose material events which is why the elon musk saga is so important. releasing quarterly earnings, twice a year, if you want to have the debate, that's here. make sure a ceo like elon musk is leveling in a truthful way and in a straight, honest way with investors is way up here. neil: would that, the elon musk situation, you read my mind because i was going to ask you, how would that change under twice a year or quarterly? >> it wouldn't. but i'm saying if you're worried about stuff that investors and how the economy and securities markets work, what is more worrisome for the securities markets, is it quarterly earnings?

the fact that you have to plan for a conference call with analysts every quarter and present your earnings. neil: right. >> or is it the notion that those, those ceos like nooyi. he would well advised for the sec to pay attention more impact on the seal lon musk situation. this is philosophical debate. jamie dimon and warren buffett came out with a piece last couple days, recently or i can't remember exactly when, about giving short-term guidance on earnings. they don't like that but they're not against quarterly earnings, quarterly earnings, companies have to fess up every quarter. here is where we are, here is our plan. they have to do it before analysts. neil: you try to massage the numbers and play to the quarterly crowd you're apt to do

so twice a year. >> there are laws, if you do that, if you disclose the wrong stuff you're supposed to get hammered like elon musk if he disclosed the wrong stuff. that is more problematic to the markets. neil: do you think he knew, maybe he does, how germany does it, that he had a tense relationship with germany, if they knew they did that, that is the way they do things, he would say automatically, forget it? >> i hear a bunch of corporate executives gripe about this all the time because they might have to answer a question or two here. i would say why do we have to copy germany's model? they are a nice country, great beer. neil: eat a lot of meat. >> eat a lot of meat. the president never ran a public company, this is the most dynamic efficient market in the world. there are things to make it a lot better. maybe some of the regulations. maybe some of those dodd-frank regulations and sarbanes-oxley regulations that call for

compliance on small public companies get rid of that so companies actually want to go public in the u.s. corporate markets. neil: is this a thing to bat around, look at? >> i don't think it's a good thing that the president of the united states should say that. he has bigger things to worry about. neil: all right, fine. someone is hater here. >> i'm waiting for my lunch. neil: fine. what is the latest now on tesla? seems like wagons are circling? i read the "times" interview. sounds like he has issues. i'm wondering whether he can survive. i'm beginning to wonder whether the company can? >> i don't want to go that far. i remember during the financial crisis talk about certain companies they would implode and make it worse. neil: and they did implode. here is where i'm going with that, he's gone is the company still there? >> i don't know. if you talk to short sellers, which have been, the story kind of came to me a little bit organically. i didn't force myself in there. i broke a few things about the

regulatory side of this story, but now i'm starting to reach out to short sellers, i want to get the long take, the short take. the short take, this might be a nice car but the real technology is the battery. the question is the battery worth 300 to $400 a share or is it a 50-dollar stock with the battery. >> the car is beautiful. >> it is. it can be commoditized. you can make a lot of them. but the battery -- neil: a lot of them. >> nothing like that. neil: you don't even have a car? >> i do. i go to whole foods, the electric car parking lot is always empty. neil: okay. so -- >> i'm saying, is the battery worth. neil: interesting. >> then you have the financials. he has got cash issues. can he go back to the market. by the way, i don't think people realize this. he has about a billion dollars in convertible bond, 900 million

in a convertible bond due in february, i can't remember when they have to start paying. if the stock trades above 360, you can pay in stock which is okay. if the trade is below 360, you have to pay almost billion dollars in cash. neil: he has to do that? >> the company. tesla. neil: he is 20% of the company. >> remember, tesla has some cash issues. they're not making money now. i'm just telling you. neil: you went back to my premise that you dismissed. >> what? neil: he is the nature of the company. he is the reason why analysts gave that company a break on a lot of issues, including guidance. neil: we were raising with harvey pitt, thank you for coming on maria's fine show, they, they are going to treat this a little differently because of who he is, what he is. i tell you they're going to. >> see it is interesting when you say this. so if the guy -- neil: i'm not saying it's right, charlie. i'm saying, ice open here.

>> they have, they have to watch because they can put the company out of business. neil: right. >> but they have to worry that the company, if they give the guy a break and the company does go out of business on its own -- neil: that they fostered it. others will see you have given him a break. >> yes. neil: getting ahead of ourselves. >> by the way not a good precedent to set for other ceos let someone get away, if he didn't have funding secured, whatever, i'm bringing it private. if you read the "times" story, it confirmed a lot. he didn't or he didn't when he said it. he might now. neil: thank you for joining me this morning. >> thank you, anytime. i will only get up early for you and my wife. i put you in the same category as my wife. neil: i like hearing that. in a way it makes me uncomfortable but not so much so that i can't go to commercial. >> okay. neil: thank you very, very much. telling you, charlie is the best. breaking news left and right. i think it is important. i think he is wrong. i think the two things are tied together.

>> what will happen. they are tied together. i agree. i don't want to say it is going out of business. you're trying to make -- neil: depends what the meaning out of business. >> i didn't have sex with -- neil: here we go. the president is pressuring turkey and turkey in turn is talking to russia and iran. this is what happens when people go off script.

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♪ >> pastor brunson, they made up this phony charge that he's a spy and he's not a spy. he's going through a trial right now, if you call it a trial. they should have given him back a long time ago and turkey has, in my opinion, acted very, very badly. so we haven't seen the last of that. we are not going to take it sitting down. neil: all right, so what does that mean? what if pastor brunson, who could be facing 35 years in

jail, in fact, for hard labor over the next 35 years, we want him out like now. they say no, at least for the next 35 years he is staying put. what would happen if he were suddenly sprung? would that ease the crisis? because there are plenty other aspect to this crisis. let's get the reed with retired lieutenant colonel daniel davis. good to have you. tomorrow the guy is released what would happen? >> as you alluded to there are probably a number of other issues that would immediately take that place. you're seeing the results of law of unintended consequences imposing itself. frankly the lack of our ability to see how things fit together at the strategic level on number of cases certainly involving turkey is one of them. neil: what are your options here? a lot of military types are telling me, colonel, you're pretty prominent in that field, i will get your thoughts on it, they get worried when they hearsay per rattling kicking

turkey out of nato especially when it cozies up to likes of russia and china. what do you think? >> that is one of the big concerns we have, we don't want to be so proactive using the sticks of diplomacy, whether that is sanctions, whether that's, you know, military threats, or any of those kind of things, even some of the trade disputes that we have both among our friends and adversaries, if we push too far we'll push some of our friends into areas we don't want them to go. that is certainly the case with turkey, china, their road initiative, seeing direction iran and russia. so they are pursuing their own interests and sometimes they're not going along with ours. when they see us keep pushing hard in all these directions that gives them more incentive to move together that could work against our interests. neil: while i have you, colonel, more immediate worry to me, more worrisome, turkey, new reports, china, the forget about the vast moves on trade, what they are doing on the military front, dramatically beefing up military

spending, according to the pentagon, setting their sites on u.s. cities for potential strikes. i mean, you know, no big surprise that is something they're considering but i mean, this was far more involved and far more along than i thought. what did you think? >> this actually goes part of where we have to be careful about the law of unintended consequences because we want to push china hard on the economic front. we want their help on the north korean front. we're actually pushing them close in the eye on the taiwan issue. and see china sees all this together. they're not independent parts to them. they see it all from one strategic view. since we indicated we would go to taiwan's defense in the event there is ever a war there, china is unequivocal and were again today, very open about the fact they would go to war over the taiwan issue, it makes sense from their perspective, if we're threatening to intervene, they say they would attack, they have to prepare in targeting ways for

that. but we don't need to push things in that direction. that would be horrible for our interests. we can't push too hard in that direction. neil: we can't let them willy-nilly go about doing this, as much as we have in the past years, let them go ahead and militarize all these islands they don't own in the south china sea and elsewhere. what do you did about that? >> you say we can't do that but we don't have the power to use force. make sure our interests are taken care of, make it clear if our interests ever crossed -- neil: but isn't that our interests, colonel, if they militarize these islands, can't stop it, not our area of the world but technically not theirs either. >> that is area of dispute. you have to look what is the actual threat they represent. i will frankly tell you that is not that great. those things are rocks in the water. they can't move. we could knock them out with missile fire from long-range

should we ever need to. they're not that big of a threat. they're more up front -- neil: they're a regional threat. if you're japan you get nervous. if you're south korea you get nervous. you're saying there are other things to get nervous about? >> there are other things to get nervous. that is one of the lower ones, we can handle that, both us and our allies, i think it is important not to overreact is what i'm saying. neil: what do you mean not overreact? colonel, thank you. president calling on attorney general jeff sessions to sue drugmakers who are foisting this opioid epidemic. turns out sessions was one step ahead of him and already doing so. what does that mean? what does it portend? after this. ♪ because my body can still make its own insulin. i take trulicity once a week to activate my body to release its own insulin, like it's supposed to. trulicity is not insulin. it works 24/7. it comes in an easy-to-use pen.

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neil: all right. up about 55 points right now on the dow. meantime hardware stores are trying to take on amazon. a good many having good success including ace hardware. it has a big convention this weekend. that is where you find jeff

flock in chicago this weekend. reporter: this is incredible, neil. they do this twice a year. where ace hardware store owners come, look at new products decide what they will put in their store. it is not all the same in every store. larry, new blowers, this is called the ego. electric ones with on, had battery, they used to not be very powerful but look at this. lauren, who works with ace, they have a turbo, look at that. whoa. look at that. that's jason. okay. nobody is having as much fun as i am with this thing but there you go. talk about the amazon effect. lauren, show me the other cool thing. do that. stores, retail ice age. 44,000 stores out of business as a result of amazon. hardware is kind of, immune to the amazon effect.

look what that does. you have a weed whacker, neil, if you do, you hate to wine that occurred. this automatically winds the whipper thing, the string trimmer line. there you go on that. ace has done a great job, competing with amazon. amazon now, you know, sell be people's stuff online, 90% increase since 2014. pretty crazy. we talked to the ceo of ace hardware who talked about this competitive environment he is in right now. take a listen. >> we know amazon is the most disruptive company in human history but there is a desire of our to be owning the home preservation business. a lot of that has to feel in touch. we're blessed to be in a business that tends to be a little more insulated perhaps some other retailers from the convenience of commoditized, one-click ordering. reporter: i leave you with a

picture of a electric lawn nower. lauren is showing you how the thing folds up. that can go in your briefcase when you're done. pretty amazing. lauren, thank you so much. and, i leave you with that. and jason. neil: man, oh, man. jeff, if i were lauren, i would rev up that electric mower and chase you. thank you. >> she has a chainsaw. neil: i bet she does. she will use on me. any other reporter we have him here, this would be ace hardware. not this guy. which makes you sort of long for the days you had a reporter saying here we are at ace hardware. anyway he is the best. the president meanwhile is urging the department of justice to go after opioid makers in order to combat that lethal killer epidemic. all this at a time right now

where we're getting word that that epidemic is getting a lot worse. the read right now on a couple of developments that even concern the head of tesla and maybe reliance on ambien? we have two doctors with us right now. we begin you, end with you, the president is saying enough is enough. i want to start suing some of these guys but are all opioids bad? what do you think of what is going on? >> it is difficult to say are all opioids bad. there are medications that make sense for certain patient populations in certain medical conditions. when you hear a number like 92,000 overdose deaths across the united states being up 10% from last year we have to quantify where the deaths are coming from. the real spike in overdose deaths are coming from fentanyl, they're coming illegally into the country, not prescribed by doctors. they're coming from china, mexico, across the border

illegal i. neil: are these companies doing it or is he misplacing the target? >> he talked about two things in the little speech. he talked about warfare against and the opioid companies that are a little bit deceptive in their marketing of these opioid medications. they are saying not that much addiction potential which is untrue and incredibly safe to doctors. we physicians are taking information, believing that the fda is controlling the message, giving us quality info, really that is not really the case. you're seeing companies deceiving doctors, they need to be held liable. states are actually suing these companies already. now that trump wants to get the federal government involved. they have two options join in on the litigation on the state level or start a federal litigation on their own. neil: it is messy. >> yeah. neil: let me ask you, do you think twice then? i know this is a broad overreach, of, using let's say percocet other other painkillers

because they're lumped into a lot of these categories? >> some people, if you have cancer, terminal cancer, broken bone, you just had surgery you will need a painkiller. that is the bottom line. eyeibuprofen or tylenol might nt cut it. it is difficult to prescribe a narcotic in the state of new york. i have to look up the patient in a prescription program. i have to enter into a computer, send it to a computer to a pharmacy that accepts electronic prescriptions which is state law in the new york. you can only send prescriptions electronically. it is very different cut to send narcotics to write prescriptions and absolutely, i do think twice. i check on the patient's history. do they have a history of drug abuse, overdose, history of alcoholism. absolutely. neil: you could be held liable too. >> yes but my goal is keep

patients healthy. i spoke with jeff sessions. this, suing the manufacturer does not is the only effort. in addition to, you know, filing these lawsuits, millions of dollars have been allocated to prevention, education, treatment and rehab. neil: right. >> in addition to an effort of reducing the amount of prescriptions written by a third and educating patients and doctors. neil: you're both here, don't mind switching gears, doctor, we're getting word elon musk of tesla, maybe still is, ambien, that would be affecting his judgment. might show up in some of these crazy tweets and what have you. i don't know enough about that. i don't know enough about ambien but, if he takes it a lot, is that a worry to you? >> well when you're talking about a prescription medication like ambien it is generally used for short-term control for insomnia. it is not recommended for

long-term sleep control. neil: you can get hooked on it. >> it has addiction potential. not all patients will be addicted. i don't know the dose he takes. neil: how does it affect your mind? >> generally a depressant. slows your mind, allows to you fall asleep. i don't know if you remember this in 2017 elon musk tweeted along the lines i have a good vintage record player, a red wine, ambien, will be a good night. i don't know if i want one of the ceos of the biggest companies in the united states tweeting that stuff. you shouldn't mix ambien with alcohol that is dangerous combination. if he is using it as excuse for his actions, he should have a conversation with his physician whether he should be taking it, and he is taking it correctly in the first place. neil: is ambien the medicine of resort for not sleeping? >> you always want to tricon serve tiff measures first. for example, don't drink caffeine in afternoon. don't be on cell phone or electronics bed.

don't read a book in bed. melatonin over-the-counter. ambien can cause depression, anxiety, erratic behavior which could explain some crazy tweets. he need to slow down. neil: i deal with this. >> if it is true, if he has underlying anxiety disorder that needs to be tackled. ambien can cause suicidal ideation. neil: is that up almosted in with opioids if it is misused? >> absolutely. you can overdose, if you mix ambien with wine it can kill you. >> when you have depressant like ambien and opioid, respiratory depress anti. while sleeping they could stop breathe. neil: holy toledo. thank you both very, very much. scary stuff. he is a rising star in the democratic party in new jersey. in fact has a very good shot at beating a republican incumbent who has been there for 18 terms, after this. street nam

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♪ neil: all right, you don't see this every day. a sacramento editorial board, telling nancy pelosi toker to get, forget about being speaker. new jersey congressional candidate josh wild says his party needs a new voice as well.

he is running for congress. his republican challenger, incumbent congressman chris smith will be on the show on monday, fair and balanced to all sides. very good to have you, josh, thank you for coming. if you were to make it, do you think nancy pelosi should be your leader? >> no. i think this is the time for new leadership. at wailly for congress campaign committed to unifying people at time of great division. my message is clear, country over party. i'm running a central jersey message. that is why we'll win in november. neil: but nancy pelosi isn't crucial to that? in other words, if you were to win, that you would be looking elsewhere. >> i'm looking elsewhere. we need new leadership. neil: what happened to the leadership that you've seen? >> i think the whole country has been disserved by hyperpartisanship. and she and other leaders, chris smith, who i am going against,

38-year incumbent. is part of that hyperpartisanship. people want every day families to be put first. they want problems solved. they want to be united and not divided. i think she represents division at a time we need unity. neil: where would you, and how would you describe yourself? you advocate some of the things very popular with democrats. you're against the tax cuts that republicans voted for. would you resin them? >> the tax plan 2017 hurt new jersey families and i would fight to rescind them because of salt deduction. neil: state and local. >> it is more than that the fact that health care prices are going up because he took 13 million people off of health care. also us because, i don't believe in trickle-down economics. i believe in robust, resilient middle class that has buying power. neil: we have a robust economy going on right now? >> i think that is in the equities market which you cover frequently. neil: also in the economy, right? >> i don't think people feel

that in central new jersey. we have wage stagnation. neil: we have that many a year, for many administration. >> we have, we have lost investing in the new infrastructure economy. we need roads power, water lines and bridges and tunnels. we need those infrastructure nodes connected to the new economy and technology. neil: how do i pay for that? >> you pay for it, taking bold investment. if you think about the greatest growth -- neil: investment costs money. why i'm mentioning in your new case, democratic governor, i'm in new jersey, not in your district by the way, if you win, he is advocated hiking taxes on very rich and hiking corporate taxes do you agree with that approach? >> i agree with using a scalpel, not sledgehammer in fiscal, monetary policy. neil: you're against those tax hikes. >> no. with i'm for, tax hike for top 1%, top 5% because their wealth was built on the back of public goods. what i'm not in favor --

neil: what do you mean their wealth was based on public goods? >> built on our road, internet, school system, judiciary. i've been to 45 -- neil: you could argue everybody is -- >> i've been to afghanistan, operation iraqi freedom. neil: i understand. raising taxes leave the rich out of it, what about for corporations who have been leaving the straight in droves. do you think higher taxes will keep them. >> no. i don't. we need to protect the best businesses in new jersey, attraction new ones. neil: you're against what the governor is doing on that front? >> i'm against broad economic policy that doesn't protect our revenue-producing businesses in new jersey. we have biotech. we have new economy at bell labs, in homedale, new jersey, in my distribute. we need to insent advise businesses so they don't go. neil: are they not inclined to bolt because it is lousy environment, and by the way it has been that way. >> philadelphia, new jersey, new york, are a economic economy. we need gateway tunnel and more

investment with your trains. neil: do you support what the president is doing with china right now? >> what i support is alliances and fair trade. and i think this trade war with china is a precues sore to national security issues. neil: if they have been sticking to us, is it time to stick it back to them? >> i don't think stick it to them is helpful. i think we need partnerships. the reason we're broadly secure and successful since word war two and partnerships is the growth of the global economy. we can't shun our allies in trade. we need to build bridges with them. i thought we were closer with the previous administration. neil: you're making a message and sending strong vibes in new jersey. josh welle, democrat congressional candidate. well, victor, do you have something for him? >>check this out. td ameritrade aggregates thousands of earnings estimates into a single data point.

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neil: all right. we are up about 50 points right now on the dow. you know, we're still technically in that correction territory, up 1 -- third day we're still technically below about 5% or so now. and that is the longest such correction we've experienced in the post-world war ii era, with the comeback we've seen. just a little statistical a mom my i thought i would share because that's what i do, america, you're welcome. we're looking at trade optimism building about china and the united states. talks talking about next week and a possible nafta deal, minus, minus canada with mexico. edward lawrence following all of

that he always does with great amlomb in washington, d.c. edward. reporter: thank you. the chinese vice minister of commerce is coming to the united states next week. he is coming to d.c. to meet with treasury officials this meeting comes before the u.s. is set to impose the next round of tariffs. that is $16 billion for the tariffs. the chinese would like to see the u.s. back off the position. other trade news moving some markets. we're very close to a breakthrough in nafta. u.s. trade representative lighthizer and mexico economic minister said we're close to a breakthrough. there are been four full weeks of talks with the mexican delegation. so it is friday. is it breakthrough day? >> it is one more day in a good effort to try to close this these negotiations.

we still have pending issues, not many, but many of relevance. reporter: no breakthrough again today. the sunset clause has not been addressed. the mexican economy minister says they talked about rule of origins of a car. the u.s. would like to see 75% of a car made in north america made under nafta fall to 62.5%. the president talked about the language of that portion today. he will to back to mexico this afternoon. have meetings next week. will be right back here on wednesday to hopefully break through with nafta talks. back to you, neil. neil: edward lawrence, thank you very much. to edward's point if you don't think trade is dominant theme this year, look to wisconsin, a state and harley-davidson and man at center of it all, the democrats rep hoping fourth time they be the charm to get rid of him. they have tried that hard.

he was elected in 2010 and started going after unions and excesses there, they called a recall vote and he won that. then he got reelected outright just a couple years later for a second term. they tried to stop that. they failed. they're at it again. he just captured and will be his party's nominee to protect that spot but now he is on to see if he can make it the third time the charm. technically the fourth time, with us now, exclusively, wisconsin republican governor, scott walker. governor, welcome to you. >> neil, thanks for having me on again. the big union bosses, washington-based special interests, billionaires tom steyer, george soros out to get us. what we do that with a army of grassroots volunteers. people go to all the time scottwalker.com join us up will help us out. people across the state and the country can make a difference. neil: you're down in some of the boss, if memory serves me right, governor, you were down in every single poll including the recall vote, you were down double digits and won fairly handily.

having said that do you get feeling like custer, that your luck could run out? >> well, to if you do the right thing, eventually if the truth gets out you do the right things you ultimately end up a victor. for us that's what he did. set out first reforms, our polls were so low, "time" magazine called us dead man walker. we came back in 2014. we'll come back here. when people see the difference in my opponent, tony ebers, largely bought and paid for by the teachers union and his role as state superintendent, his policies took the state back years ago where unemployment was 9.2%. which have in this state, six months in a row of sub 3% unemployment. that is better than previous all-time low. actual dollars in the schools than ever before. neil: why are you trailing? you're quite right. we place ad call out to tony

ebert. haven't heard back. fair and balanced we get him on. you have do have economic numbers, you racked up, maybe conundrum for republicans in general, governor, where your folks are fearing a blue wave, despite good economy and markets, does it surprise you? >> a lot of anger and hatred on the left. my opponent is calling saying things like that about me and about other republicans, even the president. unfortunately anger is a pretty powerful motivator. the way we counter that through optimism and organization. we have a great story to tell. we have a great gameplan. so see our latest plan at scottwalker. it has all the details what we plan to do to connect students to careers. to keep graduates in our states. to keep seniors in our homes and help working families in our state. if we can get out there to get the message out we can win. it will not be easy. no doubt about it. people say you won three times before. things are humming along very

well in the state. you're moving forward but we're in a state where any democrat starts out with about 48% of the vote. we have to energize our base. at same time win independents by probably a good 10 to 11 points if not more. neil: it is still early to your point here. as the president indicated he will campaign for you, do you want him to campaign for you? >> absolutely. the president, vice president, both called the other day. we have not only my race, part of the reason i'm targeted not just out to get me, leah vukmir, a dynamic state senator, like joni ernst, tammy baldwin is good for new york or california but not for wisconsin. this is battleground state for the presidency a lot of people reasons why people not only here in wisconsin but grassroots conservatives who see our reforms work, we've shown common sense conservative reforms can work. i encourage people go to scottwalker.com, help us join in the effort to get message out.

it will not only be good for taxpayers in wisconsin but good for people across america. neil: i mentioned the president, governor, of course he is open to folks if you want to boycott harley-davidson, a big employer in your state, go ahead. how do you feel about that? >> i want harley-davidson to succeed. i'm a harley rider myself. i will be out there for the 115th anniversary. i have a 100th anniversary road king myself. i want harley tasted son succeed in wisconsin. i don't want a boycott. neil: have you told the president, that, that sentiment is complicating your efforts here? >> ultimately talked to the president, wilbur ross, vice president and others the best way for them and other manufacturers and farmers to succeed in the state have what the president said at the g7, said to the european union, other officials, get to no tariffs f we have no tariffs in america, if we have no tariffs with our trading partners, harley-davidsons manufacturers, farmers and others across the state and across the country can compete. neil: you know what the

president is saying governor, that this move announcing jobs overseas was baked into proverbial cake and used excuse of tariffs and potential trade war to justify. what did you think of that? >> well i think in the end, that is why to me, i'm about getting things solved, not just about commenting on it but rather solutions. to me the best solution for harley and any of the other companies and farmers in the state, let's get to no tariffs. the president brought it up at the g7. we latched on to that. i talked about that at the select usa summit, interviewed by wilbur ross to thousands of people around the world, get to where the president says we should be, no tariffs. i was in south korea in last trade mission at seoul. i saw harley-davidson dealerships we have a good trade deal that pushed down to no tariffs as well. neil: i understand, sir, what would it tell you, say the tariff thing is resolved to everyone's liking and the company still moves people

abroad, would you feel like you were hosed here? >> oh i think there is no doubt, i talked to harley officials over the years. i know them well. i'm a harley rider and enthusiast. i know if you don't have tariffs here they not only make the bikes they sell in america which they currently do, no change there, they would make as many motorcycles as they could with no terrorists. neil: have they told you governor, they will stop this midstream if this thing is resolved? >> again that has been part of their long-term plan for them. they want to make as many bikes as they can in america. they currently make them entirely for the american market here. neil: they will make a bunch overseas, if you say this stuff is done on the trade front, have they committed to you that they won't do that? >> i think there is no doubt, they have signaled that, that if the price was right and from their standpoint, if you don't have tariffs affecting trade policies around the world of course they want to make these bikes here in america. neil: a lot cheaper to make them abroad. that is what breeds cynicism,

governor, that they're doing this, using this as excuse. you don't buy them, you take them at their word if tariffs go away they are not going to do this. >> absolutely f you don't have tariffs ultimately what the president is talking about, i wish there was more discussion at g7, not only for harley, other manufacturers, farmers and others, if we don't have tariffs we can compete with anyone else in the world. our manufacturers, farmers, we can compete with anyone in the world. give us a level playing field. that is what the we're talking about. neil: when you ran for president, you orchestrated in wisconsin, you didn't go very far but the president engendered a great deal at the time, candidate a lot of criticism from those in the party including your minnesota neighbor tim pawlenty who lost out on a shot to get a crack at his old job and it came at a time where the president apparently still remembered governor pawlenty calling him

unhinged. you avoided strong language like that but do you think that it is simply better to be on good terms with this president than bad? >> well i want to get things done for the people of my state. we just got approval of a waiver, couple weeks ago, for example, that allows me to create or wisconsin health care stability plan that will lower premiums, increase number of choices to improve health care for farmers and small business owners who purchase health care on individual market. under obamacare their premiums went up 44%. i got my legislature, democrats and republicans alike to go along with it but i needed the administration to help us. the past administration under obama didn't do things like that. this administration did. i do what i can to fight for the state wisconsin, when i have a good connection from the president to the vice president, anyone in washington willing to help people in my state i will look to enhance that. if on occasion i disagree with him, i will disagree and stand

up for the people of wisconsin. neil: governor, we're very close to a nafta deal we're told with mexico, not necessarily with canada. i was in fact surprised to learn yesterday when they had the spray in the cabinet room the president hasn't been talking to the canadians for some time. does that concern you, we might get a half a nafta deal, with mexico and maybe not with canada? >> canada is number one trading partner in wisconsin as many states. we want a good trade be relationship with them. this is prime example before the all the talks about recent terrorists, canada, particularly in quebec, put price controls on ultrafiltered milk. that 50 dairy farmers in wisconsin being let loose from a company called grassland. that is where unfair trade practices are detriment to farmers, workers in my state and other states across the nation. we need a level playing field. we are a good trading partner with canada and they are with us. let's get to a level playing field like the president said

with canada at the g7. neil: the mood right now in washington is always tense, in midterm election year as you know, governor, the president is up catching fire for going after the media and going after those national security officials in prior administrations who fon after him, going so far to remove security clearances for former director brennan and others follow. how do you feel about that? >> you talked about in pretense of midterms, i believe whether governor, u.s. senate, house seat, seat in the house of representatives or even local state lawmaker voter are smart. at least in our state they for sure. you have gone through a number of races where we got national attention what we're doing. they will look at details. they will look at the facts. they will look at comparison. in my case in wisconsin, they will look going forward or giant u-turn in taxes. double-digit tax increases,

billion dollar deficits and those are the policies my opponent tony eberts embraces. i don't think people want to go back at that i have two sons, alex and mat, 24 and 23 live in the state of wisconsin. my wife were worried when things were bad, unemployment over 9% they would be able to grow up and not find a job, let alone a career. today there are literally more career opportunities in the state of wisconsin, than people unemployed to fill them. check out our plan at scottwalker.com, we can prevail against the national winds and got to have help at national grassroots level. neil: 22, 24, i am old enough to remember earliest dates when they were getting ready for college. i don't know who is aging faster here. governor, thank you very much for taking the time. appreciate it. be well. >> neil, great to be with you. neil: governor scott walker. we have a lot more coming up, including the dow up 54 points.

the trade talks and optimism we can resolve whatever impasses we're looking at are buoying this market, what is happening, i should stress this week, this week. tesla concerns not helping. we will have more after this. how do you win at business? stay at la quinta. where we're changing with stylish make-overs. then at your next meeting, set your seat height to its maximum level. bravo, tall meeting man.

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neil: they're doing this, using this as an excuse, you don't buy that? you take them at their word if the tariffs go away they are not going to do this. >> absolutely. if you don't have tariffs which ultimately what the president is talking about, i wish there had been more discussion about that at the g7, not only for harley, but for other manufacturers and farmers, others, we don't have tariffs we can compete with anyone in the world, our workers, farmers, manufacturers we can compete with anyone in the world. just give us a level playing field. and that is what the president ultimately is talking about. neil: a few minutes ago that was governor scott walker of wisconsin, running for a third term. this is actually the fourth election with the recall he was facing after being elected in 2010. what is source of contention, what is happening with one of the state's largest employers, president is open to boycotting harley-davidson because of shifting jobs overseas. the governor not getting angry with a big employer in the

state, takes harley-davidson at its word, if all trade issues are resolved the company won't see a need to move overseas. those jobs are safe. what does that mean? let's ask bush 43 deputy assistant, brad blakeman and, independent women's forum, patrice lee onuka. what do you say, think get the trade thing resolved they cans the plan to move overseas? >> that is optimistically the best course of action, whether that will happen this year, is another case. harley-davidson represents america and great example of made in america the fact they're willing to move oversees because of these trade deals or really tariffs have been placed i think it is very symbolic. i would ideally like to see tariffs removed as a free marketeer but i recognize the administration is using these as a tool to get better deals and hopefully level the playing

field as the governor was talking about. neil: brad, do you get a sense the governor was too kind, there might be something to what the president was saying, that the company is a little wormy on this, using this as an excuse to say, no, if we didn't have the impasse on trade we wouldn't even be thinking of this. maybe they had this cooked up for a long, long time. >> that is what press reports suggest, this is something that harley has been considering for a long time, keeping -- neil: governor could be getting snookered here. >> he could be or just playing very nice in an election season to a valuable employer in his state. look, harley, we can't have a president who panders to one company. the president is looking globally to america. what is good for american interests in the macro sense. we're not picking off companies. if harley will do what they do, they will do, they will do it anyway, regardless what the president's actions are because it tells us, history tells us they will do whatever is in the best interests of their company. now having said that i think,

americans we need to stand behind the president because for the first time in a long time, we've a president who is willing to put america first. we have a strong economy. we need to use all the leverage we have against friend and foes who have been taking advantage of us for decades. neil: i guess where i'm confused, patrice, we're all americans at our core here, stand behind the president specifically on what? one thing to say to the chinese we want to you play fair and all that, but no measurable metrics i've seen come out of the white house what exactly they want out of the chinese. they obviously want to have the chinese buy more goods from us. i'm sure that will be spelled out but what do you think it will take, let's go back to the chinese here, to close the deal when those representatives come to the united states next week to have a deal? would it be like south korea, where they got something, was a little watered down, something that brought prices of you know, washing machines, that sort of thing a little bit more in line but it wasn't huge but it was a

victory, it was deemed a victory. is it something like that or what? >> i think it is something like that. i don't have very high expectation what is happens next week. you may see some negotiations, because it is lower level of negotiations between these, officials of the united states and china and they're going to be talking about how do we set the groundwork for higher level officials coming together. where can we find agreement on some other industries not come under tariffs from both countries. we may see that honestly the chinese president, he wants a win on this he needs it politically and needs it economically, because people from academics or chinese people are questioning whether protectionism is the right course of action in that country. neil: brad, you could say every strong economic number and earnings number that comes out reinforces the president's resolve. what do you think? >> i think you're absolutely right. leverage is the key to making good deals, regardless of

leverage, a deal is only as good for both parties anyway. xi need as deal, trump need as deal. and he is more transactional. having said that the chinese leader is a leader for life. he sees donald trump as a passing ship. he needs to hold chinese to deliverables. because after the midterms we're in the presidential election cycle. there is not they would like to get rid of trump, and return to good ol' days of democratic obama-type administration war they can run the table. donald trump has to get deliverables out of them in the next year if he getting anything at all. neil: he might be leader for life, but that isn't guaranteed for life if everything goes cableway with the economy. >> thank thank you,. >> thank you,. neil: google was caught tracking

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neil: all right. something's going on on google that allows the company continue tracking you even after they say we are no longer tracking you, even when you turn off the map features, so called location history option. i have no idea what it means. again, i'm not in the generation, the decade or even the century to which this applies. fortunately, christina is. she can tell us what's going on. >> don't say that because you are as well as everybody else that has a cell phone right now. we are all in the same boat. and yes google can track us. even after you switch off the location -- it's called location history. it is in your phone. you switched that off. you would think that that would change all of the location history and turn it off. but that hasn't been the case. google has realized that they've been caught. so today, they have announced that they have changed the

wording so when you switch off and you toggle off the location history, other apps can still track you. on your screen you are seeing google maps. let's say you google hey where is the nearest chipotle or supermarket? that map can track your entire walk there and see exactly where you're going, track your entire day. you'd have to individually go and turn them all off. i will explain that in a second. why are they tracking my every step? has to do with advertising revenue. google can charge more for ad revenue when they know where you are going. if i'm going to the supermarket, they can send me ads regarding food so they know exactly what i'm going to buy. so for those that are watching, how do you stop this from happening? the first step is you have to turn off your location history on your phone. the second step is to go to my account.google.com on-line, for both android and iphones. click on personal info and privacy. i know this is a long process. but only five steps. then go to my activity, activity controls, and then you will see

the web and app activity toggle. you turn that off. then you should be good according to google. they should no longer be tracking on any apps, but i don't know. our privacy, neil, i don't know about you, but we as a generation even younger, older anything, we're giving up more and more of our privacy for convenience. will that change in the future? you and i and all our viewers will be the one to tell. neil: you do all that stuff that you just outlined, they say you won't be tracked? i think it is like the twilight zone, it is still happening. >> of course. which is why you have to start turning off the camera on your phone, on your computer because they are watching you. neil: i warned you about this, christina. i never did warn you. but i'm worried. thank you very much. >> thank you. neil: meantime, speaking about technology, and now high risk talking about elon musk. is he still worth betting on with all the troubles? the new york times interview where they really get into a guy who is admitting that it's been

a pressure this past year, one of his worst years ever. there's the whole thing whether he's got his act together, he has serious problems that he should be running the company or at the company. united capital ceo joe duran. the stock is getting pummeled. i'm wondering where this all goes. what do you think? >> well, i think there's two things that -- first there was a tweet that really obviously he would take back i think where he created an environment where the sec has to look because he's made it sound as if he was promising that there was a privatization about to happen. a lot of people got hurt in that transaction. the second thing, and probably more concerning, and why the stock is down so much, is the question of whether he has good enough people around him. the fact that he's working that hard would suggest that he doesn't trust the people that work for him, or he doesn't trust delegation, and that causes concern that the whole business is relying on one human

being working 120 hours a week to the point of exhaustion and ignoring his five children. and again, it's clearly wearing on him. the threat of the interview -- the thread of the interview was one -- i thought the reporter did a very good job of capturing. it was not judgmental. they were very empathetic in their writing, but all i thought was as a ceo and founder of the company, that says he doesn't trust his people. if i'm an investor in the company, and the founder doesn't trust his people, there's a problem. and the board has a responsibility, even as brothers on the board, as a concerned brother, should be saying you need to be happy because you are brilliant. neil: you need to be happy, that's a good one. i'm not an expert on this stuff, but as you know, i play one on tv. i have a theory on this and it applies to the president who expresses surprise when he bashes the press and the press is unfair to him.

don't be surprised if you trip and stumble the media is going to take it way out of proportion. there you go. don't be surprised then in the case of elon musk when you start ripping analysts on conference calls and calling them idiots and all, that they are not going to chomp at the bit to go after you when you stumble like this and sure enough, they are chomping at the bit to go after you. he's given them plenty of ammunition. i'm not comparing the two men beyond just that. is it karma coming back to haunt him here? >> i think it is. you know, kanye west is another great example of a brilliant person who has created things and doesn't know, again, there's a shred of artistry in genius in some of these people, and again, the question, though, is the ceo of a company, if other people around are you good enough, are you doing what's best for the company? are you blurring the lines between yourself and the responsibilities you have as a ceo of the company? i face this every day. you know, what i want to do may

not be what is best for the -- neil: think about what you are saying there. i think he is a genius. he's the thomas edison of our times. i don't own any tesla stock. i don't own a car but he's a genius. some geniuses we know and have covered them through the years, have had the pleasure of talking to steve jobs when he was alive many many times and the bill gates in the early days of microsoft, paul allen in the early days of microsoft, but they are not wired like a lot of people. they are very very different. some can call them erratic, moody, all of the above, but he is very much synonymous with tesla to me. so if he is somehow kicked out or pushed out, can tesla itself still be a draw? what do you think? >> no. no. no. for the same reason -- the difference between the people you've outlined and jeff bezos is they have really strong number twos and really good people around them. neil: good point. >> there service a succession

plan. it was institutionalized genius and they knew how to take advantage of his brilliance, all of their brilliance and there are women in the same situation, who are also surrounded by people who encourage and let them be brilliant but still allow a company to have deliberate decision making and more than one person in charge of all the responsibility. and what you will see in all of the names you mentioned, whether it's steve jobs or jeff bezos or any of these other brilliant changes of the universe, is that they have great number twos and threes and fours and an institutional culture where everybody shares responsibility. i don't know that tesla's there yet. it's still very much relying on a personality, how most companies start by the way, but they have to spread out and bring in brilliant people that you can trust. neil: you are right. >> so you can continue to be brilliant, you know. neil: all right. i hope you have a strong number two, joe, because i associate united capital with you. >> i have a whole team of brilliant people. neil: thank you, my friend. always good chatting. all right. when we come back, the record

number of 401(k) millionaires. let's hope you are one of them. now what? after this. year, i am sorry about that.

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neil: all right. slow and steady they say wins the race. if you have been, you know, consistently following that one when it comes to investing for your retirement via 401(k) vehicle at your company, on putting a set amount in, every week, every two weeks, every month, however you get paid and keeping it consistent through the the process, throughout the years, you will become a millionaire. 168,000 have. that's a record number. our next guest is how you can join that club and once in it, keep adding to it. jack, always good to see you. >> great to see you. neil: those are surprising numbers. how much of this was buoyed by the market performance? and by how much people consistently adding? >> absolutely both are required. i mean, remember, very soon i think next week we will celebrate the ten-year

anniversary of this bull market. actually won't be quite there, but it will be the longest bull market on history. that's when you see something like this. but you're not going to make any gains if you don't put money in. so it's very important to put money in, paycheck after paycheck, automate it, you know don't decide every week, how much am i going to put in? just set it in and forget it. get that company match and experience the miracle of compounding. neil: the younger you are, the more likely you will get there; right? >> that is hugely important. probably the single-most powerful element in a long-term savings plan is time. and we ran a story a while ago that if a 23-year-old is making $32,000 a year, not a huge chunk of change and puts away 5% a year, raising that to 13% as the career gets going, that person would have 1.2 million dollars at age 65. at 7% return, which is a reasonable thought. and that's not including the company match, which would make it a lot bigger. people will ask me should i buy

apple, facebook, whatever? i will say do you get the full company match in your 401(k)? well, no, i don't. guess what? that is a guaranteed 100% return with no risk. neil: you are right. a lot of people always like to play their 401(k) and think i ought to be aggressive in this thing or they constantly go back revisit it where they are allowed to say all right you mentioned apple i want to get this or i want to get -- most of them are based on mutual funds or target funds. but they are always tinkering around with it. what do you think of that? >> yeah, the research is incontrovertible on this, the people who mess with their investments do worse than the people who do. there's a company which studies what the market did versus what investors get, and the market as a whole always beats the investors because they they can outsmart it. you know, one interesting statistic is that women are better investors than men, and for one reason, they have less confidence and they just let compounding go.

the men think i can outstart it and they do worse. it is incredible. the statistics don't lie. neil: i know it is a lot of 401(k) plans and the companies that run them have these so called target funds based on your age and, you know, obviously they are aggressive in the early years, the closer you get to said retirement or leaving, they get more conservative in cash and bonds, that sort of thing. what do you think of those? >> that's a really good question, neil. because my quick answer is they are excellent. if you don't have experience investing, if you don't know what you are doing, or simply you're a busy person with a family and a job and so forth, these automated plans as you say they are more aggressive in the early years. they get less aggressive as you get closer to retirement. now, you can google this and find all sorts of critics telling you why they are wrong. but don't let the perfect be the enemy of the good. for most people it's an outstanding idea. and i would say two more points on that, one, i think everybody could use a little bit of professional help when it comes

to planning for your entire financial life. look for an advisor who is a fiduciary. maybe you don't hire him full time. maybe pay them by an hour, take a look, get you on the right path and then stop and follow their instructions. the other thing is, there's so many conspiracy theories out there, whether on the upside like, you know, the secret to success as one great investor told me that in vegas they send limos for guys with systems. in other words, everyone who thinks they can beat vegas can't and vegas loves that because they know they will win in the end. the other thing is just the simple approach is almost always the best approach. an index fund, a target date fund, leave it, put the money in there every year and let it compound into the future. neil: yeah, the less you fret about it and just keep letting it do its thing and add to it over the years the better off you are. it's almost invariably the truth. >> exactly. neil: words to live by, jack,

thank you very much, barron associate publisher, best-selling author on these subjects. the president is doubling down on his attacks on cuomo here. the man who is challenging the new york governor to get his job, on that, after this. the fact is, there are over ninety-six hundred roads named "park" in the u.s. it's america's most popular street name. but allstate agents know that's where the similarity stops. if you're on park street in reno, nevada, the high winds of the washoe zephyr could damage your siding. and that's very different than living on park ave in sheboygan, wisconsin, where ice dams could cause water damage. but no matter what park you live on, one of 10,000 local allstate agents knows yours. now that you know the truth, are you in good hands?

neil: all right. the president was tweeting today about governor andrew cuomo in new york saying the the governor choked with america was never a great comment. here's a fellow who probably would agree with that, the guy who is challenging the governor. we placed a call to governor cuomo, we didn't get a response. we had him on the show a long long time ago. you never know. it's great to have you here. >> glad to be here. call me mark. neil: how do you view what the governor was said about america was never great? >> it is insulting. i was shocked. he's been surrounded by privilege his whole life. i don't know he can see how truly great america is. i was born to a single mom. we grew up on food stamps for a number of years. my mom taught us to work hard and to make our way in the world. that's the hope and promise of america. that her son now is seated here running for governor of the greatest state, the greatest

nation on earth. neil: you don't think the governor doesn't believe that? >> i don't know what he believes. neil: you and i were talking during the break, maybe there was a method to it, and that he was trying to say unless everyone is engaged as he was putting it, you look back and a lot of people look back in the 50s was a great time for many, white americans, for example, but it wasn't for many of those who had to sit in the back of the bus, maybe he was referring to that. we don't know. but he was trying to unite a base of typically democratic voters who cynthia nixon is appealing to who is challenging him on the left. what do you think? >> i don't know that makes it any better, right. he's putting out an act to win democratic party while alienating countless other americans, new york errs and people -- new yorkers and people across the globe who believe we can achieve great things. i think that's insulting. my mother taught me to

apologize. when you say something wrong, apologize. neil: when he doubled down, not everyone engaged, that wasn't good enough? >> i'm sorry. it's two words to acknowledge he made the mistake. he doesn't want to because he doesn't get it. he doesn't get that there are moms and dads like mine who waited in line for food stamps to see success. there are people in the back end of a kitchen washing dishes hoping one day they are going to own the restaurant. that's the promise of america that i don't know that he gets. he's taking money, billions of dollars from taxpayers and giving it to political insiders when those dollars could go to pave streets and help people find their way to success. neil: do you know if there's any polling whether it's hurt him and helped you or hurt him to the degree that it's going to make his race with nixon tougher and that he still has a built in edge over you because it is such an overwhelmingly democratic state? >> i don't think the polling is out yet. i don't think it takes a rocket scientist to figure out if you say america has never been all that great, that's not a popular thing to say. [laughter]

neil: we will see. his explanation not withstanding. the president has been pouncing on this. has he indicated to you that that hey, marc, i will help you. ly go to new york and campaign for you -- i will go to new york and campaign for you. will that help if he did? >> i've said this before, i call balls and strikes when the president says and does something right, i'm going to say it. when he doesn't, i will say that too. it is all about tone and tenor, like most people. i have spent every day of my adult life in public service, i was the youngest mayor in america as a 19-year-old. i believe in the dignity. neil: do you think he lacks dignity? >> no. i think the president says what he thinks. neil: you would welcome him campaigning? >> i would welcome any support from anybody including him. neil: from whatever help he may

give you? >> i have my own image. i'm willing to accept help. new york is the highest taxed people in america. the governor has forced a corrupt state government to new yorkers. at the end of the day, new yorkers want a government, governor that will listen and respect them. i will do that. neil: when you talk about energy and fracking, which has been a big issue. a lot of people have criticized that he missed that boat, for new yorkers. what would you do? >> a highly monitored pilot program to match what's going on in pennsylvania is worth moving forward with. we have to identify, map out and protect water sources. that's critical. that's the kind of balance i think that new yorkers want. healthy respect for the environment while at the same time not putting our people at a competitive disadvantage, which this governor does every day. neil: do you worry the president's trade posture, could

adversely impact new york? >> yeah, he will hear it from me -- neil: what don't you like? >> there are farms up state that a deep concern about the price of milk in canada. steel issues. neil: his support for those industries and what he's offered them to help them in the interim isn't good enough for you? >>i think there's more that needs to be done, certainly. our farmers are struggling. in particular, steel industry, in new york, those businesses that rely on it are struggling as well. at the end of the day, i think that a governor should be picking up the phone and having that conversation. i don't believe this governor does that except that as the president said he called him to tell him he's not running against him. neil: they say they never have that conversation -- >> oh, please, if you believe he's not running for president -- neil: marc thank you very much. we did place a call out to the governor. fair and balanced. we will see if he responds. tesla is getting down, 8%, after

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♪ ♪ our new, hot, fresh breakfast will get you the readiest. (buzzer sound) holiday inn express. be the readiest. neil: all right. we'll have a busy, busy day later on for you on "your world" here. we have steve scalise joining us. still trying to recoup maybe be the next speaker. we'll see what he says about that. on cavuto live tomorrow afternoon, senator tim scott. connell mcshane to take you

threw the next hour. >> she is. neil: yes, they are. connell. connell: they call it "the intelligence report, which is probably why they never asked me to host in the past. president trump is asking the sec to abolish quarterly earnings reports. we have quite a guest off the top, kevin hassett, chairman of the council of economic advisors. we'll talk to i am about all that. we'll talk about the latest on trade, whether this booming economy will continue to boom. i am connell mcshane filling in for trish regan. welcome you to "the intelligence report." the president is asking the securities & exchange commission to replace quarterly reports to a six-month