the company was going to be taken private, unless, there is a saudi official comes forward, and says yes, i told them we were ready to do the deal. i really can't see how sec goes doesn't reresponded turmoil i cannot the board would be the let it. >> exactly you can bring somebody in clean up balance sheet sell to google. >> -- it is an exciting stock but listen what are moves to

do announcement 6:00 after market closed i like one guy said that is a penny stock company not 55-billion-dollar market value company elon musk is critical to the company wouldn't existence without him at end of rope not had a week's vaication 10 years, interview laughing crying he needs help solid number two is the answer. >> would the stock go up if a solid number two a real executive to run the car company were appointed would stock go up do you think. >> i don't know we forget because some people forget since a rough go lately valued very highly most more than most car companies a lot of expectation hope and dreams built into this share price. and you it was interesting in the journal reporting today where it talks about how one of the reasons he do you have any idea of the want to go private is he likes that there is this crew of -- of public investors believers in the cause, so that would suggest,

that -- if he is concerned about -- people being investors and orthopedics, that would suggest to me maybe not a completely -- from the economic -- >> wait till private equity guys get to that balance sheet you know if he tries to sell, private, i mean so you are absolutely right do i think could get number two in to clean up balance sheet sell it. >> i think he has to -- >> he has to -- >> check futures, because you are going to like this, hey, monday morning, seven of last nine weeks dow has gone up stocks overall up now we are in a new week going to be up well into triple digits up 140 odd points dow, up 35, 36 nasdaq despite chaos scandals in d.c., the markets are breaking records, james freeman won't go away sitting right there. >> you you wrote a piece about impeachment your point is that impeachment doesn't matter on the stock market? >> well it against on what

happens after impeachment, when you look at history, so the and this was brought up, of course, the president told fox news, that the markets would crash if impeached i think that to mean if impeached and conflicted in senate unlikely i think the question trump economics trefrz i think reforms on taxes limiting regulation going with him if he leaves washington i think could you expect a downgrade you look at what happened after watergate bad policy continued stocks pummeled whereas clinton impeachment the famous, moment was the dress was revealed did cause a big decline in the stock market but investors were comfortable clinton plus republican congress continued with good policy so it is really about what happens after trump if people would sell stocks this is all assuming he was -- rejected

from office probably won't be. >> impeachment does not move tax cuts that is what investors are reacting to president trump tweeting here it is our relationship with mexico is getting closer by the hour, some really good people within both new and old government on all working closely together a big trade agreement with mexico could be happening soon greg is with us horizon investments looks like a lot of progress we are told to expect an announcement about mexico. >> yeah i think we are going to get one stuart they are close to deal on dispute resolution mechanisms and auto content rules, that brings canada back into the picture, i think nafta deal is possible i think a european deal is possible, china is a big problem, but even there i give you a positive as far as i know and that is with china anxiety persisting makes fed chairman less likely to hike rates aggressively. >> is this president trump's hard-line approach that is

working? because he is backed up by very, very strong economy. >> absolutely, and you've got to ask cynical question, who cries uncle blinks first, i would argue with china's economy weakening, internal disent mother likely they blank xi president of china for life can't afford to lose face by blinking publicly. it is -- has to be below surface hasn't it. >> yes, i thought incorrectly that is there would be progress last week with chinese delegation, there was no progress, late last week so i think we are in for a rocky stretch maybe from now until late november when xi is visiting washington, then i think we might get something but going to be bumpy next several weeks. >> if you want to be a pundit on television you don't ever admit to a mistake you just don't say that kind of thing. >> never do it again. >> do it again please because we like you on this you are an

honest guy. so let me wrap this up, now you think that we are going to make real, real progress on all the trade fronts europe, nafta, china, even with the brits special relationship all of that positive by the end of the year, wrapped up and in place? >> well a lot of deals could drag into 2019 that is not out of the question but i think, you have to ask the fundamental question, who needs a deal more, the germans need a deal about mexicans canadians need a deal the ones need the deal more and i think that will drive a final compromise. >> don't ever admit to being wrong about that i think you moved the market a couple points we like that. >> okay. >> we will see you again soon thank you, sir. . >> you bet. >> we've got to get to hawaii hammered with rain from hurricane lane. >> i saw reports of three feet of rain. >> not even close. 51 inches over four feet of

rain biblical are proportions. >> honor loo lou breathing sigh of looefl surf rz back on beach big island can you imagine 51 inches of rain has to go somewhere tremendous flooding this video says it all. thous washed away numerous rescues not post populated oahu spared as maui, 51 inches of rain in locations that is biblical. >> when i hear hurricane you think wind 160-mile-an-hour night was a category 5 got weaker devastating if sense of flooding rains flash floods winds turned out not such an issue. >> thank you, look at this now up 140, 150 points for the dow industrials going to open up in about 20 minutes' time this is a start of a brand-new

trading week, we are opening with another rally dow getting close to 26,000 this morning, we are remembering great americans, john mccain, he passed this weekend was 81. dr. sealing says best way to honor his memory defeat more time money energy into finding a cure to the brain cancer that killed him, the doctor is coming up on that subject later this hour. on the other big newsbreaking this weekend, a shooting at a video game tournament in jacksonville florida, police say the gunman was a player angry about losing, by the way, there was no security screening at that event. >> closing bell. >> let's reopen the market.

mr. richie, would you ring the 24/5 bell? sure can, jim. ♪ trade 24/5, with td ameritrade. ♪

. stuart: if you are just joining us smile please because monday morning starting a new trading week we are going to be up triple digits opening bell 140 points up for the dow. look at the big technology names going into the opening, we've got facebook, amazon

apple microsoft across the board they are up. and a big up market. to the shooting. about video game tournaments in jacksonville. >> 24-year-old david katz has been identified two shot dead nine others wounded two others wound in panic getting out of this place held at a restaurant in jacksonville, florida the madden 19 nfl tournament and witnesses say this individual was eliminated from the tournament and was basically erupted in anger started firing how do you turn up with a gun no screening we understand we do not know we are waiting to hear more on this individual, he shot himself he killed himself in the middle of all of this from baltimore, the authorities searching his place in baltimore. we don't know any history whether i has mental health issues, from the past, but as you can imagine people were running hiding in bathrooms familiar unfortunately, a

familiar scenario from the shooting. >> you do not expect -- who expects this any time. >> but video game contest, just -- football game. >> let's bring in a gamer world news entertainment we'll back good to see you -- >> thank you. >> now this contest madden football game nonetheless people are saying this kind of video game or video games generally are violent bring out violent behave what us do to that. >> i think it is going on a long time, the argument that it brings out violence, but plenty of studies to suggest quite the contrary. i wrote a story about some from texas a&m did a study about playing video games violent video games helped dissipate stress, i think that we can argue this you know all

day long. but the fact remain no one could ha could have predicted this. >> are there contests like this around the country i believe kind of knockout contest you move towards the final for the madden football game this is going on all over the place? >> yes, this is the beginning of -- i think a four series moves on to dulles virginia los angeles santa ana texas, and concludes in april next year so ongoing tournament. >> do we need more security at these events? i am not sure i -- i just can't see it quite frankly, i don't see how you can have security at every single place where people gather in any number i don't see how you can do it but there are calls for some kindly of security at these events. >> in the community, i have been talking to colleagues experts, pros, players this

has been a concern for sometime. but the smaller events now you know, something like, jacksonville landing, just a smaller event you wouldn't think about major security but i think everybody is going to take a pause now, and look at possibly putting at least checking bags when you walk in this is a very focused event, so it is just really something we need to take harder look at at this point. >> i think it hurt image of the gaming industry. >> i it is just like anything else. i mean, this is just the times we live in unfortunately that it happened in a sports finance i think going to make people more aware gamers more aware it really should not put a stain on the industry it is something to make us -- probably put more security in the places of events, and move forward like everybody does whether you go to a concert, or wherever you are participating in any large event, security is an issue. >> agreed.

>> thanks for being on the show, and as always, you contributed to this program great deal, covering the gaming industry we appreciate that on very sad day. >> thanks so much. >> thank you. >> thanks. >> all right, let's -- monday morning going up again, i say triple digits up hope of announcement of a mexico trade deal, maybe today, that is helping the markets, so is strong economy and strong profits et cetera, et cetera, et cetera. we have a federal judge struck down executive orders saying making it years to fire federal employees that has to be a big win for the unions. >> it is, the trump administration maintained unions having driving up government costs failing to discipline poor performers part of the rules of the executive orders president wants in place one regulate what they call official time where union members can do union work supposed to be on duty doing other jobs trump

administration wanted to roll back that amount of time, this judge says you can't do that also the ability for the rights of workers deemed to be poor performers under trump rules cut back on ability to appeal that, and the discipline that they may face. unions say because you are a poor performer should not face that this judge, is obama appointee to 201 a big for unions jum says you are eviscerating rights of collective bargaining guaranteed to unions. >> may be appealed by administration a good issue for the president i think there are a taxpayers saying i have to pay for office for union, even -- >> this is a disaster, executive order would limit the union time on your job at 25%, that was pretty lenient 25% of time union work lax to

begin with. >> monday morning, over the weekend, as you know, senator john mccain passed. we are going to take you to the floor of the new york stock exchange where there will be observed a moment of silence in republican to john mccain. [bell tolling] ♪

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click, call or visit a store today. >> the president of the united states, he has to respect the office. and no matter who's in the office, he may like, dislike personality or the politics, but we all must respect office. >> do you have anything more broadly to say about this course? >> no. i just finished 72 holes and really hungry. [laughter] stuart: oh, well said, tiger. they were trying to get him to say something nasty about the president. elizabeth: what next? political questions at the u.s. open? >> is i think tiger woods has a free speech right not to answer breathtakingly tedious questions from the press when he just got off a round of golf. come on. stuart: it's great to see you back. [laughter] don't hold back. >> i won't. stuart: right. in five minutes' time we open

this market on a monday morning, and you're going to like what you see because this market's going up maybe 160 points. we'll be back. dear great-great grandfather,

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stuart: you know, i hope i don't sound like a broken record, but i'm probably going to.

how many times have i said in the past couple of weeks political chaos in d.c., but the stock market is rallying. well, that's what we've got this morning. the president's coming off a dreadful week politically, but we're about to open this market, and just watch it go. here we go, 9:30 eastern time, we are going to be up today. i'm not sure -- there you go, we're up 100 pointses in the first few seconds, up 101, 105, 102. all the stocks that have opened amongst the dow 30 are in the green. they're all up. there's five -- there you go. there's only two that are still not open. when they open, we're expecting them to probably go up a bit more. right now the dow is up 137, 25,928. not that far from that magic marker of 26,000. so that's a gain of a half percentage point there for the dow. check out the s&p. is that also up? about the same amount? yeah, up .44% there.

all-time high. 2887 is an all-time high for the s&p 500. the nasdaq composite doing very well, all-time high. you know that thing's closing in on 8,000? elizabeth: what? ashley: it's crazy. elizabeth: and it's sleepy, dog days of summer august. stuart: there you go. it's closing in on 8,000, clearly technology is doing well again today. now, tesla. that may well be the stock of the day. it's down $4 this morning, as of now. it had been down a lot more than that earlier. we'll tell you more about what's going on at tesla shortly, just a couple of minutes from now. who's with me, monday morning. back from vacation, at least i am and liz, we're all here -- ashley: where's mine? [laughter] stuart: ashley webster, one day you'll get one. james freeman -- >> always on vacation. [laughter] stuart: all right, scott, i'm starting with you. tesla, down this morning 4 or

$5. i say that musk has to be on his way out of the all-important, all-powerful ceo chair job. what do you say? >> i think that's possible, stuart. but as you guys have talked about, my goodness, guys, who's going to come in and touch this fire? that's the question. to get musk out, you've got to have somebody come in. at least out of the ceo role. that's really the tough thing. and i think will musk really be a good soldier as far as would he go ahead and relinquish that role. to me, musk still -- even though those interviews where he's cried and laughed and fallen out of the chair, whatever else he's done when he's talked to "the new york times" and everybody else and really come apart, it still seems to me he likes this role, he likes being in the limelight. so whether they can actually convince him to take a different role at the company is a different question, but until then, i don't think this stock is a touch. stuart: right. i'm not sure i could put my money into a company run by a

guy who is emotionally unbalanced. those interviews he's been giving, that's not good. tesla is down $4 or $5 from the opening bell, i think we're at 316 as of now. now, we've got fresh, all-time highs for the s&p 500, the nasdaq composite and the russell 2000. and we've got the dow industrials within striking distance of 26,000 again. so, james freeman -- >> yes, sir. stuart: you don't think, all -- it's the same old story. all this political chaos means nothing to investors who are looking at the economy. >> and i think along with the great economy there's reason to be optimistic that the trump trade fights are moving toward resolution. sometimes when the president tweets, as he did on the mexico pending deal, there's this question of whether he's speaking for himself, maybe a little out front of things. but his views, i think, are 100% shared by the senior members of his economic team. they feel like a deal with mexico is very close. we'll have to see the details to

see if it doesn't screw up the benefits of nafta while cutting a better deal for the u.s. in the president's view. but i think this is a moment to be a little more optimistic that this is going to get resolved. stuart: that's the major driver, the likelihood of a deal with mexico, followed by canada -- elizabeth: if you listen to the bull market haters over at msnbc, you would have lost a lot of money, because usually in the midterms the market does go down an average of 17%. we're still in bull market territory. stuart: anything to add to that, scott martin? record highs for the s&p, russell 2000, it just keeps on going, you think? >> liberals hating this market, telling people to get out when trump won the election. the only thing i would add, stuart, is 401(k) balances at all-time highs, you're starting to get that wealth effect where bigger market returns increase spending which increases business investment. it becomes a nicely vicious

cycle. stuart: we'll take it. check the big board, i think this is chose to the high of the -- close to the high of the day, we're up 155 points. that's about roughly two-thirds of 1%. and look at that, 56 points away from 26,000. ashley: wow. stuart: the price of oil this morning, no impact on the stock market. it's at $68 a barrel. the price of gasoline this morning, national average $2.83. no impact on the market morning. workers at disney world, i'm sorry, walt disney world, they've landed a deal for $1,000 bonuses at a $15 minimum wage i think by the year 2021, that comes. does that mean higher ticket price, or am i way off base with this? ashley: probably. you already have to get a mortgage to go in. >> yeah, can they get any higher? [laughter] elizabeth: get a mortgage. stuart: look, it's about -- scott, i think it's about, very

roughly now, $120, is it, for one adult one day. elizabeth: for the average family it's $600-$700 a day. stuart: a day? scott, get in here. what are you going to say? >> yeah. that's to get in the park, and we went over spring break, and i'm embarrassed to say how much it cost us and how many banks turned us down, as ashley pointed out, to get loans to pay for it. [laughter] here's the thing, i still like disney if they can spin off some of those names, like the pixars, the parkings. otherwise if you go traditional media disney, i don't think it's a good buy. stuart: got it. dunkin' donuts -- elizabeth: so excited. stuart: this is a commercial for pumpkin latte. [laughter] launching its fall menu today, the day before starbucks. does anybody here -- ashley: e. mac's excited. stuart: let's have the voice of reason from james free match.

[laughter] >> i always thought a $10 cup of coffee was a a fad, so i'm not -- [laughter] analyze whether the next flavorful offering in this sector is going to work. stuart: i'm going to move on. let's get serious, shall we? let's talk facebook. that stock is still i'm going to say treading water in the mid $170 range. not a full bounceback yet after its big drop last month. so back to you, scott. i don't know where you stand on facebook at $176 a share. would you buy it? >> i stand long the stock, stuart. [laughter] clients as well. now, listen, we're mostly long from lower levels, so i'm not totally p.o.'d, but with new cash, no, i wouldn't. a lot of the buying interest has gone away, is so there's other places i would go in tech land which we own. we talked about a microsoft, google and, say, amazon. stuart: all right. i'm going to talk amazon for a moment here. it receives discounts on its electric bill.

that's upset a lot of people. i think they're substantial, actually -- elizabeth: yeah. stuart: basically subsidies. why are they getting the break? elizabeth: so far it's in ohio and virginia. and what's happening is amazon not only gets state tax breaks to build the warehouses and data centers, they're also negotiating with local utilities to lower their electric bills for these, you know, plants and these buildings. so their extension cord extends right into taxpayers' wallet, and the other problem, it's a black eye for amazon that they're not letting the rate breaks be disclosed. they're keeping it in the dark. amazon's not telling taxpayers, hey, here's how much we're taking from you -- ashley: we're going to create all these jobs, and the tax base is going to go up. there's the other side, but states are prepared to give away the farm, so to speak, to get an amazon in their backyard. stuart: they still haven't

announced where their second headquarters is going -- >> that's why you worry about that being a hit on taxpayers. if these are volume discounts that any big buyer would get, fine, but if it's another government-engineered benefit that isn't available to all companies, it's a problem. lower tax rates for everybody -- elizabeth elizabeth9 a senior citizen who's on a fixed income paying amazon's electric bills? come on. that's the outraged story of the day, i think. stuart: welcome back from vacation. ashley: have a pumpkin spice. [laughter] stuart: the t-mobile hack may have exposed data on, what, two million customers. this is the new normal. ashley: it is. it wasn't credit card information, it was your phone number, zip code, e-mail, you know, your account number with the carrier. but to our point, every day if you have any expectation of privacy, good luck. it doesn't exist. stuart: it's gone. absolutely gone. ashley: out the window.

stuart: and it's very, very difficult to get off the grid 100 percent. how do you stay out of the digital world -- ashley: live in a wood hut in alaska or something, you know, with the bears. >> i didn't know t-mobile even had two million customers. [laughter] is that even true? stuart: that hurt, that really hurt. it's 9:40 eastern time on a monday morning x it's time to wrap this thing up. james freeman and scott, thanks very much for joining us, gentlemen. good i stuff. you know, we're doing well. look at this. i think this now is the high of the day, up 160 points, there you go. up .62%, 160 points to the upside first thing on a monday morning. we've got to like that, don't we? what's next? president trump canceling secretary of state pompeo's trip to north korea. of mr. trump says they haven't made enough progress in getting rid of the nukes. north korea's response? they're accusing america of secretive plotting to unleash war on them. more on that in the next hour. first, the skills gap in the construction industry. a half million jobs unfilled.

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(buzzer sound) holiday inn express. be the readiest. stuart: we've gallon up a little bit mo. why? because it is reported that the u.s. and mexico have reached a partial deal, partial agreement to resolve the trade conflict, and it is a step towards nafta. high of the day, we're up 178 points and going up as we speak, and that's the mexico/u.s. they've got some kind of deal, tentative deal. let me go to nicole. what's this, is it jpmorgan? oh, you've got more on the rally. go ahead. >> reporter: more on the rally, check it out. we have all-time highs, and we're approaching the 26,000 mark. i have a 26,000 hat, but i can't

show it to you til we cos, because that's how it goes. let me give you some of these numbers, dow winners, nike, caterpillar, travelers, coca-cola. you talked about u.s. and mexico reaching a preliminary trade deal, that comes on the heels of jay powell at jackson hole, he was quite dovish, and we saw the markets moving higher. the s&p 500, all-time high, nasdaq, all-time high, russell, all-time high. and it's the dow jones industrial average, if it finishes up at least 96.5 points roughly, it'll take it out of the correction that it has been in since february 8th. back to you. stuart: okay. we've got a record-setting market on our hands this monday morning, and we like it. we're now up 180. georgia meal hill leaving espn. i've got two requests. why is she leaving and where is she going? elizabeth: looks like the new president at espn, according to

multiple reports, is saying, you know what? we'll give you a buyout, the remaining two years of your contract. she'll walk away possibly with millions of dollars from disney, pursuing other career choices, possibly to be more of a political commentator. that's what it looks like the reports are indicating. stuart: get her out, move on. >> get back to sports coverage. ashley: oh, what a thought, what a concept. stuart: espn. [laughter] thank you. let's get to the economy. as you know, look, employment is humming right along. however, there are construction jobs, a lot of them, that remain unfilled. joining us now is michael bellaman with associated builders and contractors. now, you've got a plan, and you want to bring in women, veterans and convicts to fill these jobs. okay, now you've got to train 'em. is in your apprenticeship program that you're talking about? >> yes, it is. actually, it's what we call a

pre-apprenticeship program. what we do is we get these groups exposed in a very short program, 10-12 weeks, and if they're very interested in the program, then we get them employed in an earn-while-you-learn parag program, and they're off to the races and learning how to be a craft professional. stuart: this program, you've had this in place for some time. what's your success rate? how many people have you trained? >> well, we have on the record right now we've got about 200,000 people entering into our training programs this year. we've got 800 programs across the country. so we're very excited about it, and some of the great programs that we've got are things like power up, a mother/daughter thing down in alabama, and partnerships with united way -- stuart: hold on a second, michael. where do i go? i mean, if i'm in one of these three groups, what do i do, where do i go? >> well, at abc.org we've got careers in construction that you

can go to to find out what chapter in your area, what training program we've got. we've got over 800 partnerships with community colleges and high schools and new our chapters that you can get this core curriculum and get ready and get ramped up if you're interested in a career in construction which is a phenomenal career where we basically try to get you in, get you educated and give you a dream. stuart: look, it's a wonderful program. you are really going great guns on this thing, but why don't you just bring some immigrants in? >> well, immigration is something that we actually do focus on. we hire a lot of immigrants, our h2b visa program, so that's something that's important for us. we've got some in temporary protected status as well, but that's just a small piece. really what we're trying to gear towards is high school kids, kids that are looking for an opportunity to not incur college debt, looking for a great career, people hard looking for a second chance. military people in transition that are looking for moving from

the military and moving into a career in construction. stuart: that's the whole point, isn't it? not everybody has to go to college. not everybody needs that kind of credential to work in the construction business. you know, that's a fine thing you're doing right there. >> no, it's fantastic, because if you think about it? the average college debt is 30,000. you come out of high school, you earn while you learn, you start out 30-40,000, four years you're earning 65-75,000 with no debt. great opportunity. stuart: with no debt. michael, good stuff, indeed. thanks for joining us. i want to hear this success story. we like success here. >> you got it. thank you. stuart: here's a success for you, high of the day for the dow, we're up 193 points. 29 of the dow 30 are up. i just see pfizer slightly on the downside there. 191 up. 25,981. we go up another 19 points, and you've got 26,000 on the clock. senator john mac cane has

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stuart: well, well, well, this is how you start a monday, i like this. the s&p 500, the nasdaq, the russell, they're all at, right now, all-time record highs. never been higher. and the dow's close to 26,000 again. now take a look at this. it's an op-ed from foxnews.com, and it's written by dr. marc siegel. key quote here is cancer took john mccain's life. here's the greatest tribute we could give him. doc siegel is with us now. you're talking about a cure or putting more money into brain cancer? what's the best thing we could do? >> we need to put a lot more money into it. this idea came from the opinion column u.s. at foxnews.com. i want to give him a shout-out. you know why? because immunotherapies are working for other cancers, they're not working well for this cancer. 14,000 new cases a year, devastates patients and families. life span, as we saw with mccain, less than two years. you know why? we can't get the immunotherapy

drugs into the brain, and the very cells of this cancer are guarding against. we have to use latest techniques where we reengineer immune cells and program them genetically against the cancer, but we need more than one target. we need two targets, three targets -- stuart: isn't money going into that, this immunotherapy? >> yes, but it costs a fortune. also we found out this particular cancer carries a virus on it. some of the antigenerals, some of the proteins for a virus, so we're using antiviral trucks, and viruses that kill cancer cells against it. this is very exciting, but it's not yet reached prime time. do you know how many millions of dollars are involved in supporting this? the idea of an initiative, now, the nih gives 30% of cancer research money comes from nih already. i'm not saying here -- and you would never want me to say on this show and i won't -- i'm not saying that all the money needs to come from the federal government. i'm saying we need private

initiatives, we need the drug companies more involved. because at the other end of the pipeline here you're going to have some very exciting treatments. we're on the cusp of being able to treat this thing. we're not there yet. stuart: okay. i'm trying to digest all of this, and i find it very difficult. john mccain died of brain cancer on the same day nine years previously senator kennedy died of brain cancer. you're saying that the way to get a cure for brain cancer is to put more money into immunotherapy; that is, you take cells out, and you doctor them up, and then you put them back in again. is that what you're saying? >> yes, and let me tell you why, i want to be very clear. this type of cancer invades brain tissue, and you can't even see it. it's not like you can take it out with a scalpel and it's gone. by the time you take it out, it's already in neighboring tissue. so we have to battle it cell by cell. be so we have to find the abnormal proteins on each cell and battle it with our own

immune system. stuart: well, we're doing that, aren't we? there's research going into it, surely. >> it's working on other cancers like lung cancer, like melanoma. you're going to interview jimmy carter, it worked on his melanoma. it is not working on this type of cancer. we need a more sophisticated approach. we're chose to it, we need the dollars to get us there. again, the cancer's very clever. it invades neighboring cells, you can't get it out all at once. we need very sophisticated technology. we have the technology, but we need more and more research. i want a research foundation on this. i really like this idea. stuart: doctor, thanks for joining us. we'll see you soon. look at that big board, please, because we're now up 200 points, look at that. 25,991. not bad. tesla will stay, will remain a public company. but how much longer will elon musk stay on as the all-powerful ceo? after the month he's had, i think the answer is not much longer. my take on that coming up next.

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stuart: 210 points higher. the dow just touched 26,000 momentarily. we just got there. not that far away from an all-time high. what is propepping the -- propelling the market, i suspect we have a new trade deal with mexico, that right, ash? ashley: it is close. the big sticking.is production of cars. percentage of cars made in north america, used to be 62 1/2% of the vehicle had been made in in order america to be tariff-free. now it raced 75%. they have agreed on it. there are big stumbling blocks yet. canada is up there saying ho-hum, we're not in the bargaining table. they are out of it five weeks

there. is a rush to get it done with mexico. a new president will be sworn in at the end of the year. liz: he is really far left. ashley: he is far left. not as flexible as the current mexican government. stuart: that is exactly what the market is saying. 26,004. now this. tesla will city a public company. but how long will elon musk stay on as the all-powerful ceo. surely not that much longer. the man is exhausted. he is running tesla, a space company, a boring company, one person can't do all of that. musk's behavior proves the point. he needs help, executive help. he need a chief operating officer. he can stay on as founding visionary. he can't run a cutting-edge car company that is losing money and can't bring production up to speed. august was a terrible month for

musk. out of the blue he tweeted about taking a 60 billion-dollar company private. well that got him into a legal mess. everybody was asking, what on earth is he doing? the stock tumbled. musk looked foolish. worse, he looked unbalanced. when he was interviewed by the "new york times" he revealed his emotional turmoil. it was laughing, crying roller coaster of an interview. not the kind of thing investor want to see in a man who is in charge of their money. musk owns, what, 20% of the company. he has plenty of influence. he will not walk away. he will not be forced out. but the board can lay down the law. reading the tea leaves. musk has the visionary job, someone else will do the production. that is not what you want to see in a car company chief. this is a turning point. it is the point where the

dynamic, inspired founder, the thinker, makes way for the doer. someone capable of putting vision into practice. must being something in the water in america. in the last 30 years this country has produced steve jobs, the all conquering apple, jeff bezos, the behemoth known as amazon. mark zuckerberg, facebook. tesla is not quite up there with the giants just yet. if musk gets out of the way, who knows what tesla could achieve. the second hour of "varney & company" is about to begin. ♪ stuart: i think we better check tesla's stock, hadn't we? it is down six bucks at 315. market watcher, keith fitz is with us. i say the end of musk as all powerful leader of everything is

over. what say you? >> not quite, but very, very close, stuart. i am in complete agreement with your take. i think he has to be moved aside, not pushed aside but set-asides. you have to have a fine balance. you have to got to have somebody who can execute to plan at the numbers that they sesfied. that is what wall street is looking for. stuart: get right at it, keith, if was your money, would you put money into tesla still run by elon musk, from soup-to-nuts, are you giving him money. >> no not at all. here is why. we were long it, we were short it and i'm standing aside. what i want to see the same thing as you do, i want a level-headed solid proven executive to take over production. i love musk for that. i think he is fabulously create i've individual but is he worth the money right now? not mine. stuart: keith, moments ago the nasdaq composite hit 8,000 for

the first time ever. seems to me that technology is still the place to be. >> very much so, stuart because it is rewriting the world we live in. gone from a nice to have, gee whiz position, what you and i grew up with, to something truly changing the world. it is impacting finance, it is impacting medicine, it is impacting the way data moves of the that is where every company on the planet provides value for customers. stuart: no, no. when i was growing up, big indicator was, you don't know, boxcar loading. in other words how many boxcars were loaded fully on the railroad. that was the indicator of the past. you don't remember it. move on to netflix. you're still bullish. why? >> netflix has made a very important business pivot. they have gone into india in particular. international growth roughly

doubling domestic growth. they can acquire more customers at less cost. that is one of my big concerns with netflix they have to spend so much money to acquire new customers there is negative cash burn. that is it not the case now. i think netflix breaking out to new highs after enjoying a pivot. stuart: what about harley-davidson? you ride one? you have news on harley-davidson, you have news on it or an opinion on its stock? >> i don't ride both. number one break down, when i see on the road is harleys. their demographic in motorcyclists is very simple, young, urban and inexpensive. a lot of female riders are coming on. harley make great machines, huge, very, very expensive and their margins are crashing through the floor. until they address that i think the company is in serious, serious trouble. they haven't learned the right lessons learned in shift of market driving technology. stuart: what do you drive? a kawasaki? >> no i have one of those. ducatis and bmws are my

favorites. stuart: i thought we got pictures. roll them out, please. there he is. you wouldn't recognize him in the bone dome we call that. that is what we call a crash hat. bone dome. crash hat. skid lid. remember that? ashley: yeah. stuart: keith, time's up. ashley: bone dome. stuart: great monday to be with you. telling you keith. good stuff. dealt with money, harley, netflix, now politics. president's approval rating still stands at 44%. from the latest "wall street journal/nbc" poll, despite a week of scandals and extremely negative headlines. the president remains confident the gop will do well in november. listen to this. >> when i think in the senate we'll do really well. we're going to win a lot of seats. talking on the car in, way in, mentioning name after name doing great against pretty well-known senators. some were unbeefable and even in

the polls against talented republicans. stuart: joining us william mcgurn, former chief speechwriter for president george w. bush. i say the president is going on the offensive, going on the attack, using the economy, the great economy as his weapon of attack? >> i wish he started that earlier. i think approval ratings show people made their mind up about donald trump one way or the other more or less, right? but what they haven't made their mind up about his achievements. the economy is the great untold story. if he doesn't tell it will not be told. "fox news poll," recent polls showed obamacare was rated more highly than the republican tax cuts which is alarming. stuart: that's right. he has to get out there and pound the table. >> i think he is is right about the senate. the demographics favor the -- it is a lot harder for kind of bernie fever to take over in a senate race, statewide seat. it favors republicans, all these trump state democrats up for

re-election. the house is a little different, you can have a much more liberal district and suburban district, with a lot more woman who are more skiddish about the president. stuart: i don't think investors scare about scandals, impeachment talk. >> they might care but we're getting it, if the democrats take the house there will be a move to impeach the president. stuart: if you don't roll back the tax cuts, and the deregulation, if that stays in place, investors don't have much to worry about, impeachment or no? >> i think investors hate uncertainty, that is one thing trump has done for them in terms of regulation and we're not coming at you again tomorrow with something. that i think is why. and if we get this trade deal, that would be a great thing. stuart: a real positive. i do want your thoughts on the late senator john mccain, passed over the weekend. >> right. stuart: your old boss is expected to give one of the eulogy speeches at funeral. your thoughts? >> i think both president obama and president bush are going to give eulogies.

the two men who defeated john mccain for the presidency, one in a primary, one in a general. john mccain was a big asset to president bush during the war. whatever else you can get agree with mr. mccain before, i disagree on many things he was always there for the troops. he wanted our troops to be funded. he wanted to make sure we sent our men and women's uniform in harm's way they would be backed up by the government. he was invaluable in the surge and efforts in iraq and afghanistan. stuart: the split with him and the president is evident in the battle, who should take his seat. that is pretty obvious. >> right. stuart: that battle continue there is. >> i think we'll probably get a more conventional republican there. i mean probably another vote for brett kavanaugh, making it again for difficult for the senate. and i think john mccain is getting this week as he deserves for his long service. stuart: bill mcgurn.

you're all right. thank you for joining us. >> thank you. stuart: president trump abruptly can sells mike pompeo's trip to north korea, less than 24 hours he announced he was going in the first place. our next guest blames china. we'll let him make his case. president trump pushing for a space force, former commander of the international space station, he says we need one. he tells us why a space force itself is necessary. later it this hour a push in texas to decriminalize illegal border crossing. get reaction from the head of the national border patrol union. yes, the second hour of "varney & company" rolls on, up 219 points. ashley: 26,000. ♪ year, i am sorry about that.

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stuart: it's a rally ladies and gentlemen, and that is the high of the day. it 218 points. vast majority of the dow 30 are green. they are up. don't forget the nasdaq composite. i remember when it went to 5000 on the dot-com bubble in the 1990s. never thought it would get there. 8012, very solid gain for all the technology companies. u.s. and mexico, they have reached a tentative trade deal. bring in christian whiton, former senior advisor in the trump and george w. bush administrations. is this a win for the president? >> stu, this is a huge win for the president, a vindication of using tariffs and threat of bigger tariffs to put pressure on people. looks like we've gotten much of what we wanted from mexico. higher wages for manufacturing workers in northern mexico. a number of other revisions to

the amount of auto parts that, composition of an auto in order to qualify for lower rates and it puts a lot of pressure on canada which has been intransigent rather than negotiating trump and lobbying governors and senators. looks like they will have to toe the line. stuart: president trump has a hard-line and sticks to it. back up with a strong economy that worked with mexico. will it also work with the europeans and the big one, china? is it all positive on the trade front this morning? >> i think so. if you're in europe, you're thinking that donald trump is going to fold, if you've been told by your liberal consultants, that donald trump will be impeached or has fleeting power, you look at this. this comes on heels of smaller deals with australia and south korea but this is a big one. you see this is not going to go away. donald trump will stick with his guns. there will not be any undoing of that. europe will be much more likely. there is a lot of give and steak. it will take time.

china must feel immense pressure. we import from them, $500 billion and only sell 130 billion. the math is in our favor. i'm not sure that the xi xinping can make a political consideration. stuart: president trump canceled a trip to pongyang in north korea. not enough progress on denuclearization. was that a slam at china for not helping enough with north korea? >> it was. trump incidentally singled out china saying basechy they have been a bad actor. this is him putting a shot across the bow of north korea and china. trump has before identified meetings between kim and xi xinping where north korea was pliable working before meetings with china and became intransigent afterwards. stuart: including when kimmett with xi in may and trump had to cancel the singapore summit only later to come back on. this is another way to drive a

wedge between china and north korea. stuart: it is such extraordinary juxtaposition, isn't it? if you look at domestic politics and media coverage of domestic politics, all about scandal, investigations and impeachment. the moment you get outside of the bubble you look at success against all the trade rivals, pretty good success and real progress in our foreign policy. it is like a tale of two coverages, isn't it? >> it is reminiscent of ronald reagan's second term all the media wanted to talk about iran-contra which didn't involve president reagan. meanwhile we were essentially winning the cold war and economy was going gangbusters. it is same day. look at press in asia, media out there, the reception trump visits asia, he goes for aipac this fall, they give him the respect he deserves. they realize he is making progress unlike a lot of our domestic media. stuart: we're now told that the president will be making

announcement on trade from the oval office at 11:00 eastern time this morning. fine timing for the interview there, christian. looks like he will trumpet his success. christian, thanks very much for joining us. >> thank you, stuart. stuart: weil stay on the foreign policy theme. nigel farage joins us the next hour. presidents of france and germany said the european union needs to defend itself without much help from the u.s., how about that? nigel will be with us at 11:45. what is he going to say? look at this, a young man loses at a video game tournament, shoots two people. do we need more security at events where crowds happen? can you cover everybody at events like this? we'll have a live report from jacksonville in a moment. ♪ with 2x more geographic detail...

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stuart: here's the news. president trump makes announcement on trade top of the coming hour, 11:00 right from the oval office. we expect it to be about the deal with mexico. we'll bring it to you when it happens. you can be assured of that. the gaming community are reacting to the deadly shooting of the madden 19 tournament in jacksonville. gail dickey, gamer world news person had to say last hour. roll tape. >> this has been a concern for some time. smaller events, something like jacksonville landing, such a smaller event you wouldn't think about having major security. i think everybody will take a pause now look at possibly putting, at least checking bags when you walk in. stuart: phil keating joins us from jacksonville now. phil, describe the venue please. how big was it, how many people, and did they have any security

at all. reporter: they had no security for this weekend's madden nfl regional tournament although the announcer who does play-by-play online as gamers are gaming with each other competing sometimes in the past they do have security but it's really up up o the promoter and organizer of the tournament. jacksonville landing behind me, you can see over my shoulder, the neon lights. that is the chicago grill, the entrance is shared bit good luck, have fun gaming bar where this whole tournament happened. two people died and nine wounded before the gunman killed himself. it is relatively small space according to people i spoke with. you have two dozen computers in the room. gamers are online playing the game with each other. a lot of gamers in the community, they say they play with each other across the country, you know.

all you have to do go online. you can compete and play the game, the winner wins. but these tournaments can be big money. $200,000 ultimately for the las vegas madden tournament this regional qualified the winner for. there was no security here yesterday. this is a popular entertainment complex here on the river, downtown jacksonville. popular amongst, not only locals but also tourists. about a dozen bars and restaurants inside. there is a live music venue as well. there is a hooters, a sushi place. so, the fortunate thing yesterday was that there were two fire department rescue guys training just across the street. so as soon as they saw everybody running out, they were able to run in, start helping. stuart: i wonder when we move to a point any crowd gathers any place, everybody's bag is searched. are we going to move to that position? reporter: yeah. stuart: phil keating in florida. see you soon.

get back to the market please. we have a rally and a half. we're up 221 points. the president will address the nation from the oval office at 11:00 this morning on the subject of the trade deal with mexico. take a look at tesla. now the stock is close to -- down close to $9. we'll hear from a tesla watcher who once called elon musk a jerk. stay tuned. i want to talk about neil simon. because his stories, his plays, made me laugh. his comedy is timeless. is that something missing in comedy? straight out of the movies a drug tunnel beneath the border between u.s. and mexico dug underneath a kfc. we have the pictures and story for you as well. ♪

♪ stuart: a couple of bars, and it feels like, yeah. liz: are you singing? stuart: i am trying, don't know the words. you get the point. it is a great song. they're all great. isn't that right, joe. ashley: is he like who? stuart: up 14 points. up 26,000, very small change. president trump makes announcement on trade, at top of coming hour, 11:00 eastern time. you will see it. it is trade propelling this market higher. look at the nasdaq. 8,000 on the nasdaq. look at that, that is home of technology companies. tough understand that technology

is doing very well indeed. tesla, i will call that the stock of the day in and other wise up market, now down 11 bucks, 3 1/2%, almost, $312 per share. they're staying public but boy, do they have trouble. in fact joining us now a critic of elon musk and tesla generally, jeremy owens, market watch technology editor. i have said on this program this morning that musk really can not survive as the overall ceo in charge of everything. i think he is going to be pushed aside. chief operating officer coming in. what do you say? >> well, i think it needs to happen but until they get somebody else who can run that company the boards that really no other option. elon musk has set up this company really only he can run it. it is put together with bubble gum and he has to be there to make sure he can get the model 3 production to be sustainable and repeatable and so i think the

board is just looking to have him in there, get that done before the sec hammer comes down on him. he needs to go. that is really the only option they have at this point because if they tried to put anybody else in there there would be such a huge gap between when they got back up to speed. stuart: i have another one for you. twitter ceo jack dorsey, now he is going to testify on capitol hill on silencing conservatives in social media. what do you think comes out of those hearings? >> if anything has been proven from congressional hearings into tech so far absolutely nothing. they continue to have tech executives from silicon valley come up there, grandstand, yell at them, nothing happens. congress seems unwilling to regulate these big tech companies. so they will continue to have them out there so they can yell and scream, show that they're not approving of what they're doing. then go on to the next thing. last week we had fireeye's show, there is iranian group using social networks to try to affect

our 2018 elections. that is a much bigger deal than if twitter is silencing conservatives, when they have been the loosest in terms of rules for what people say on their platform. stuart: do you think america has come to terms with the power that people who run social networks really have? the zuckerbergs of this world, jack dorseys of this world, they really decide a lot of our political input, what we see, what we're allowed to read, is dictated by a couple of guys. i'm not sure we've come to terms with that? >> i don't think we have. you were talking about tesla being corporate governance and the board. i think that is a problem that everybody in america needs to wake up and see, we're setting up these companies so that one person really does have a lot of power, especially in the case of facebook and tesla, where they own so much of the company and the board is their friends and buddies, they will do what they want to do. they have effective control over these very large, important companies. that is it not the way our

companies are supposed to be set up. we're supposed to have independent boards that oversee these chief executives and make sure they're doing what is supposed to be done both in terms of shareholders and from the country and from employees. and we don't seem to have that anymore. we seem to have these singular executives who are in charge. i think the company, the country need to look at this very hard, decide if that is the way we want to go from now on because that is the way we're headed. stuart: that is interesting, you see it as corporate governance. you could change these companies, social networks, you could change them by corporate governance changes, that is the way to go? >> you would hope so. you would hope that you could get a board in there at that could oversee these executives and crack down on them when they do wrong but right now we don't have that. we have these executives with all the power. you look at snap, they didn't even issue voting shares to the public. basically those two execs,

co-founders run the company, the board can't say anything. they have all the voting power. same with facebook, where zuckerberg has the voting power. when you have this, it is impossible for anybody to crack down on them. they have all the power. it is set up that way from the jump. investors know. i don't know if the american public really does. stuart: i don't think they do, flat-out don't think they do. jeremy, thanks for joining us. >> thanks for having me, stuart. stuart: now this, broadway icon neil simon has died. he was 91. he was a true master of comedy. he wrote remarkable classics, the odd couple, barefoot in the park among others. howard kurtz joins us. i thought neil simon made me laugh, especially late night people, they don't make me laugh. has comedy shifted?

>> maybe we're old and crotch chet at this. neil simon became with "the odd couple." with hit show and tv. rooted in character, rooted in family situations. i am reading critic this is morning, stuart, simon was great. he was huge in the '60s, '70s, '80s, but the world moved on and he became out of fashion. a lot of people miss that brand of comedy. stuart: comedy is timeless. the object of comedy, to make you laugh. if current, modern comedians are not making me laugh, then comedy changed, hasn't it? >> showbusiness like any other business is sub is project to trends and so, now, the feeling is, well, laughs are good but it must be tied to some larger more dramatic issue, so there can be meaning to our laugher, as opposed to really blanking funny. stuart: do you laugh? i don't know whether you watch

the late night comedians. i can't. i'm fast asleep. do you laugh? does the anti-trump venom make you laugh? >> you know, i feel like, it has gotten so political and sometimes so mean-spirited, a lot of times i don't laugh. do they occasionally come up with a funny skit or good line? sure. these are professional comedians. it is quite deliberate. they are narrow casting to a audience. late-night folks don't like president trump. they're writing off half the country. that is deliberate act in this sort of universe in which the media is so fragmented. stuart: i think we're edging towards agreement, howard, i think we are. even though i can never stay up late to watch the comedians and you can. >> you can see it on youtube. stuart: if i knew how to access it. stop it. stop it. jemele hill, the es enhost suspended because at one point described mr. trump as white supremacist. she is reportedly leaving espn.

she wants to focus on politics. espn wants to focus on sports. do you think this is a good move for espn to push her to the side? >> stuart this, is long overdue move. when she went on twitter a year ago or whatever it was, called president trump white supremacist, other names, espn punted. didn't do anything. the suspension came sometime later when she went after jerry jones and dallas cowboys over anthem protests. she was off "sportscenter." had been a coanchor. it wasn't really demotion. she wants to do other things. the fact if jemele hill wants to be political activist, political commentator, that's great. espn doesn't need that. the new president is cracking down on trying to get espn out of politics. stuart: is really a fallout from our very harsh brand of politics, that has infected comedy as we were discussing earlier. >> yeah. stuart: it has infected sports as we've just been discussing.

it has infected our entire society. >> there is no area that is immune from it. you know, look, if you are a sports commentator, anchor, bloviate tore, whatever, you want to weigh in on the nfl anthem protests, political issues that intrude on sports that's okay if you're a commentator. if you want to trash president trump because you feel so strongly, find another outlet. don't screw up people who tune in. why the ratings are significantly down, want to she football, baseball, basketball and not listen to political diatribes. stuart: don't ever use the word bloviatetor when looking at the camera at me. thank you, howard. liz: funny. stuart: president trump will make a big speech for a space force. of course he needs congressional approval. next the former commander of the international space station. he says yes, america needs a

space force. we'll let him make his case. we have another only in california for you. they are about to vote on a legislation that mandates publicly-traded companies have women on their boards. we're on it. ♪

♪ ashley: our own dr. siegel says the best way to honor the legacy of senator john mccain is spend more resources on finding a cure for brain cancer. take a listen. >> this is very exciting but it's not yet reached prime time. you know how many millions of dollars are involved in supporting this? so the idea of an initiative -- now the nih already, stuart, gives 30% of cancer research money comes from nih already. i'm not saying here, and you would never want me to say on this show, i won't, i'm not saying all the money needs to come from the federal government. i'm saying we need private initiatives. we need drug companies more involved because at the other end of the pipeline here you will have some very exciting treatments. we're on the cusp of being able to treat this thing. we're not there yet. ♪ pah! that will never work. no, no, no, nah. a bulb of light?!? aha ha ha!

a flying machine? impossible! a personal' computer?! ha! smart neighborhoods running on a microgrid. a stadium powered with solar. a hospital that doesn't lose power. amazing. i like it. never gonna happen. ♪ ♪ our new, hot, fresh breakfast will get you the readiest. (buzzer sound) holiday inn express. be the readiest.

introducing e*trade personalized investments professionally managed portfolios customized to help meet your financial goals. you'll know what you're invested in and how it's performing. so you can spend more time floating about on your inflatable swan. [ding] stuart: repeating the news what is coming up, president trump will make remarks on trade at top of the hour, 11 on eastern time. the markets love what is going on with trade. idea we have a deal with mexico, we're moving on to canada and europeans. the dow is up 203 points right there, near the 26,000 level. change some gears for you, there will be a week full of ceremonies in honor of the senator john mccain starting in his home state of arizona.

hillary vaughn live in phoenix. hillary, give us details what's planned, please. reporter: stuart, thousands of arizonians sending, lighting candles, sending flowers and prayers outside of senator mccain's office here in phoenix. john mccain said his final good-bye to his family at his ranch in sedona, about an hour from here after losing his battle with brain cancer at 81 years old. flags flying at half-staff. democrats, republicans, americans, all taking a moment to mourn the loss of a great american hero. >> he was out and about and accessible, whether it was diamond backs game, cardinals game, phoenix suns or the local starbucks. he basically was someone who certainly could speak with any arizonian or any american but he also led at the highest levels. reporter: senator mccain will lie in state here at the arizona state capitol.

he will head to the u.s. capitol and lie in state and be buried in the naval a caddie where he began his service for this country six decades ago. stuart: thank you, hillary. check the big board. don't move too far away from the rally. we're back above 26,000, not that far from all-time high for the dow. we already reached a all-time high for the nasdaq and the s&p 500. it's a monday morning rally and now this. president trump wants a sixth branch of the military, the space force. our next guest used to be the commander of the international space station. he says, yes, we need a space force. we have colonel terry firrt. good to see you. >> glad to be here. stuart: people say yes we need a space force. i want a space force that takes aggressive action, goes on the attack, not interested in some defense. what do you say? >> well this is not, i don't

think necessarily about militarizing space. actually that happened back in the 1950s, when the soviet army launched sputnik and u.s. navy launched vanguard. that is something that happened a long time ago. the big part what we're talking about now, properly organizing the department of defense. right now we have space assets, have for many decades across the air force, army, navy, different branches. i think we're talking about putting them together in one organization that can be more effective and more efficient. stuart: but it does have attack capabilities, doesn't it? >> there is a lot of different capabilities. i tell you one of the biggest things we need is the ability to defend ourselves. space enables, not only our military operations but our commercial operations like, your program would not be seen across the world if we didn't have space. the dow and banking wouldn't happen if we couldn't have our space assets functioning. so that is an important part of it also. stuart: do you to though whether or not we have weapons in space at this moment that can take out

our rival as satellites before they take out ours? >> i don't know all the specific capabilities but i do know that when i was commander of the space station we had a manuever my spaceship to avoid debris what was a chinese anti-satellite weapons demonstration. they wanted to prove to us they could take out our satellites and they did. that debris is still in space. i had to manuever to avoid hitting pieces from that explosion. stuart: would you like to be the commander of the new space force? >> no, thank you. there are a lot of qualified folks. to be honest, stuart, this environment we're in of the political ideology constantly is so toxic. senator mccain's death brought that to light. this is issue is too important. we need to talk about it rationally. i think this is a great time to do that. stuart: should it be an air force yen who runs the space force? with do you think? look, i mean, you got to sell

this thing. who is going to run isn't. >> well, that's a great question. the president has said 2020 is when he wants this space force up an running. so i'm sure they haven't picked out the person who is going to run it yet. you have a civilian secretary of space, like air force, army, navy. but you have the military officers from within. i'm sure they bring folks from within the air force, other branches of the military, and civilians. stuart: let's hope, if we go to war in space i want to win. sir, great to have you on the show. come see us again soon. i want to hear more about the aggressive space force. >> let's talk, let's talk again. stuart: i want to win. two stories involving the border for you. number one, texas democrats want to decriminalize illegal border crossing. number two, a drug tunnel to mexico discovered under an abandoned kfc in arizona. the head of the border patrol union is next. ♪

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stuart: some democrats running for office in texas are pushing to decriminalize illegal border crossing. brandon judd is with us. an active border agent, president of the national border patrol union. what exactly do they want to make it? currently it is illegal. what are they doing? open the door say it is misdemeanor or anything? >> well, first off i don't know what it takes to win in space but i can tell you what it takes to win on the border. talk like that isn't going to do it. frankly, talk like that isn't going to do it. the happiest people right now when they hear this type of rhetoric are the heads of the criminal cartels because they know that when you have talk like this, they're going to be able to sell their product. they're going to be able to go out and get more people to come to the united states, under the guise they're going to be able to enter the united states and circumvent our laws. stuart: if it were

decriminalized, a misdemeanor, what would the role be of the border patrol agents? >> first time crossing is a misdemeanor but it is still a crime. we still have to take them into custody. if you take away that misdemeanor, and you only give a ticket, you're not going to have very much role for the border patrol. you might as well get rid of borders all together. there is no point having borders if you're not going to have laws that will secure the nation. stuart: i do want to talk to you about, we're going to show our viewers, this tunnel that was dug underneath the border from an abandoned kfc in arizona, to a home in mexico. we'll show our viewers this tunnel. i think inside of it too. my question is, you know, how do you stop this kind of thing? because a wall goes over the top. that doesn't stop tunneling. how do you stop it? >> it takes a lot of intel. i love your show because you're like the amazon of news shows.

you talk about everything, not just business but these tunnels, this is business. they sink a couple million dollars into tunnels like this. and they expect to be able to make billions of dollars by trafficking the heroin, the fentanyl and everything that is associated with that, and that is extremely dangerous. but in order to shut these tunnels down, it takes intelligence and that's what we're currently working on. stuart: anytime you want to call us the amazon of the news business you just do it, brandon. you can coanchor the show if you like, son. thank you, brandon. >> did your stock go up? i want to know if your stock went up? stuart: yes it did. i appreciate it. top of the hour president trump makes announcement on trade from the oval office. the markets rally on the trade news. we'll have a rock and roll hour just ahead. politics and money, that's what it's all about and that's what we do.

♪ ♪ stuart: well, it's all happening this hour, moments from now we're going to hear from president trump. an announcement from the oval office, it's all about trade. the u.s. and mexico reached a deal this morning. now, blake burman's at the white house. blake, set the scene for us. any idea what the president will saysome. >> reporter: stuart, this is going to get the oval office treatment from president trump. my colleagues, who are going to be taping this event, were just called back into the oval office minutes ago, so we do expect to hear from the president shortly. we are also told that robert lite heiser who is the top trade representative for the united states and his counterpart from mexico were seen just minutes ago walking here to the white house. so you can take from that that there is the possibility, if nothing else, that maybe mexican officials will be at this oval office event as well. this one we were expecting to

happen as early as today, and we know now that is going to be the case, stuart, because over the weekend the top mexican official had said that this deal between the united states and mexico on a reworked nafta was hours away, and that top mexican official also says there is an outstanding issue still at ply here. -- play here. but clearly, they have gotten enough that they feel comfortable enough to have the president announce this announcement here at the oval office inside the white house just minutes from now. it's also important to note, stuart, that when we talk about the a reworked nafta deal, you got the united states, mexico and, of course, canada. canada has not been a part of this process, or at least not in the intimate level that the united states and mexico have been negotiating with each other. a spokesperson for the minister of foreign affairs just a little while ago reminded us of that, stuart, by saying that canada is

going to have to sign off on all of this. stuart: okay. got that, blake. i want more on canada. susan lee is with us, and as i understand it, canada has issued a statement. >> yeah. i wrote an e-mail, they've responded to us specifically at fox, fox business, and basically this is a spokesman for the trade minister, and they say that canada's encouraged by the continued optimism by our negotiating partners. yes, progress between mexico and the u.s. is a necessary requirement for any refewed nafta agreement -- renewed nafta agreement, and they say they are in regular contact with our negotiating partners. we will continue to work toward a mod or earnized nafta, but we will only sign a new nafta that is good for canada and good for the middle class, and they want to be very specific here, canada's signature is required. it is a three-party negotiation and a deal, and they have not been involved in these negotiations, and it's been over a year now. stuart: are they feeling a little left out? >> no, i feel like they are just making the point in order for

goods to be moved across three countries' borders, you have to have the third country sign on and part of the negotiation as well. stuart: and that's ongoing. >> that's ongoing. i think the statement says it all, we are continuing to talk to our trading partners -- stuart: he's under pressure. >> he is under pressure. stuart: you've got a deal, u.s. and mexico -- >> which some thought was a tougher part, negotiating the deal between the u.s. and mexico given what's been said about mexico and borders and what not. so it's interesting that they have a deal, and now it's time for canada who some thought was probably the longest ally for the u.s. to still sign on and say, hey, we're still part of this, we're not being left out. stuart: trump's pressure. all right, thank you, susan. look at the market, please. that's the market's verdict on the trade news we've had this morning which looks pretty positive, to me, so far. we're up 220 points. that's the best part of really .9%, and you've got rallies all across the board today. look who's here. [laughter]

he's got a great smile, this guy, george shulman, e.r. shares ceo. the market is ignoring the exceptionally negative political climate that we had all of last week, and it's powering ahead. >> all year long it's ignored negative political environment. stuart: and you've been on this show many times, and you've consistently said we're going higher still. you still with that? [laughter] you can't back away now, lad. >> sooner or later, isaac newton's going to -- [laughter] no, still positive. look, this is interesting, the way you framed it, i mean, despite all the negative political rumblings, the market's going up. strong growth across the board, strong profits, strong r&d growth. and what's interesting, when you offer a historical perspective, i mean, small caps are up 18% year to date, our fund's up around 30% -- [laughter] ashley: oh, by the way. >> small cap growth has been leading. but if you look back 25 years to 1992, it's only up 7.8%, and if

you go back 90 years, the market's gone up about 9.65% using the rule things double 10% every seven years, you could make an argument that the small cap growth gets to those levels. which, by the way, they're the laggard for the last 25 years. they've got more room to go. stuart: that's very interesting. who would have thought? [laughter] what i'm looking at is 8,000 on the nasdaq. >> yeah. stuart: hold on a second. i go back to the 1990s, the dot.com bubble. i remember then the nasdaq went to 5,000, and we were incredulous. then it crashed, and we thought it would never get back. >> right. stuart: now it's close to double. >> since 1992 -- we ran this number too -- the nasdaq's been up 10.92%. it came down. and now to your point, since 2003, the last five years, it's up 18.6%, and since 2007, when the crash started in october, november, it's up around 12,

11.9%. so it's the star of the last decade, it's the star of the last five years. and it's been very strong for 25 years. but 10.9%, if you go to the historical average of the s&p, the dow, by the way, has been the laggard, you know, for the last decade -- stuart: but we are a technology economy. >> yes, we are. stuart: technology totally dominates this economy. >> it's those entrepreneurs. stuart: yes, it is. >> entrepreneurs and the ones you were showing the prior segment, all entrepreneurs. and the thing is, it's tech, it's health care, and it's consumer discretionary. stuart: do you put -- not you in particular or your fund, how do you feel about the big techs, the five -- call 'em what you like? >> by the way, my small caps are up, my large caps are also way up. [laughter] they're all -- [laughter] stuart: this is a commercial for joel shulman. just because you've got a nice smile doesn't mean you get a commercial. [laughter] >> we'll get another index. the entrepreneur growth is up quite a bit too year to date. these are all entrepreneurial

companies like the fangs minus apple, but there's another 25 besides the fangs that are very strong. they're way ahead of the s&p. so this market has been driven by technology, it's been driven by health care, it's been driven by -- stuart: america is driven by this entrepreneurial, computerized generation that we're seeing. >> yes. stuart: and i think it's a wonderful thing. >> yes. stuart: nowhere else in the world can you produce this crop of entrepreneurs and brilliant companies. >> yeah. well, people devend here, they study at our public universities, and they stay. and this has been a great thing for our economy. it's been true for many years and probably will be going forward. stuart: you're all right, joel shulman. i'll say it again. you're all right. welcome back. >> thank you, sir. stuart: all right, let's get to tesla. elizabeth: yeah. stuart: it is staying public. you jumped in early there are, girl. [laughter] wait a second, it's staying public. we've said on this program maybe it's time for elon musk to step aside, have somebody come in. who is going to run the car company? elizabeth: well, that's the

debate. bob lutz who was a top gm executive is saying he should go. we said it two weeks ago he should become chairman emeritus. here's a name being ban bid about, alan mulally. he's an aerospace executive, and he's a manufacturing genius. he'll look at those assembly lines under those tents and say, what are you doing, and possibly fix it. now, the thing with alan mulally, when he stepped into ford in 2006 taking it over from bill ford, he did put nearly $24 billion in debt on the balance sheets. but this man knows how to do manufacturing. he is a genius and he's well liked. stuart: so it won't be easy to shunt elon musk to the side is, but you think it has to be done? i do. elizabeth: they need to make those 3s, those -- ashley: model 3s -- elizabeth: -- to make it mainstream, to get the money in the door. that's the turn around tesla needs right now. stuart: okay. before we get the president's

statement on trade, i want to go around the block, and you're included in this, shulman, don't take your mind off -- [laughter] ashley, should elon musk be pushed aside and bring in a professional to run the car company? ashley: from what we've seen up to this point, he's been losing it, let's be honest, in his interviews and everything else. he is the genius behind it all, but if we can get a strong number two, i think that would be the best outcome. stuart: susan lee. >> i think it'll be hard. he owns 20% of the shares. it's a cult stock because he is the cult figure at the top, people invest because of elon musk. stuart: joel shulman. >> i tend to agree. 20% of the ownership, he's a dynamic, charismatic ceo. you take him out, you take away a lot of the steam of the company. elizabeth: not keep him out, keep him there -- >> but it's not the same. you want the guy in the plant 24/7 -- elizabeth: [inaudible] stuart: you're all wrong with, he's got to go. all right -- [laughter] check this out. apple is auctioning off one of

its very first computers. this is a fully functioning apple one designed by jobs and steve wozniak in the 1970s. it's one of only 200 apple ones ever made. it's expected to go for $400,000. france's president, emmanuel macron, slams america saying europe can no longer depend on us for its security. nigel farage joins us later this hour, and i want to know what he thinks about that. and, of course, we are waiting for president trump's statement on trade, deal with mexico. should happen any moment now. i'm going to take you to charlotte, north carolina. what's the weather like there? hot. thank you. [laughter] we'll be back. ♪ ♪

stuart: now, we are waiting for that statement from president trump on the preliminary u.s./mexico trade deal. as we wait, come on in kim strassel, "the wall street journal" editorial board. kim is with us this morning. i say this is a win for the president. he's winning at the moment on trade. what say you? >> yeah. look, i think that this is very, very good news. we've had some encouraging news all around over the last couple of weeks about potential for some trade deals. not just with mexico, but also the idea that the negotiators are back talking with china. this is a sort of reassurance that the market needs, and it will just be generally reassuring to a lot of those americans who are watching this midterm election and want to continue hearing good news on the economy. stuart: i'm sorry to interrupt you, kim, but we're told that the president, president trump, we're waiting for his announcement on the u.s./mexico trade deal. at this moment we're informed that our president, president trump, is speaking on the phone

with the incoming president of mexico. the incoming -- ashley: no, i don't believe -- stuart: the current president of mexico. ashley: yes. stuart: so there's going to be a delay on getting that coverage of the agreement from the oval office with the president. but, kim, i want to move on because we've got a "wall street journal" presidential approval poll that shows him at 44% despite all the political drama and the mueller probe. what have you got to say about the mueller probe? most people seem to be tuning it out at the moment. >> yeah. well, you know, if you look -- there was a lot of attention this week, a whole bunch of polling companies trying to do before and after polls of the cohen deal and and the manafort trial, trying to see if there was some change in the public approval rating. the reality is if you go back after over the last six months, the president's approval rating has been are remarkably stable despite all of the drama and politics going on. i would say that is because they

have had an incredible good news economic message to go back, again, what you were just saying about trade. that has been what has been consistent. and i know that there are some people who have been advising the president hit on that harder because to the extent the drama is the focus of the news, it does still hurt him to some extent. stuart: are we going to get something from robert mueller before the midterms? >> look, i wouldn't bet on it. there have been some of us that have been very hopeful all along that this was going to be a quick and expeditious probe. every sign has been that it's not. i think there's within some worrisome signs that, in fact, there's some politics engaged here. look at the decision to come out with that russia announcement, the announcement about the russian indictments right before the president went to helsinki for that summit which a lot of people said the timing of this is just looking furb shi. i -- fishy. i doubt very much they are going to wrap this up before november, so it's something that the white house is going to have to bake

into their calculations about how they handle the politics up until then. stuart: kim, would you to just hold on for a second, because i'm getting some headlines from what the president is going to stay about this u.s./mexico deal. the headlines read as follows: we are going to call in the united states/mexico trade agreement. getting rid of the nafta name. now, that's interesting. mr. trump says it is a really good agreement for both countries. okay, got that. mr. trump calls mexico's president to congratulate him on the deal. reuters -- okay. that's according to reuters, that the president is talking to the president of mexico as we speak. but what intrigued me, kim, was that the president says this is going to be a u.s./mexico trade agreement, getting rid of the nafta name. where does that leave nafta and canada? >> well, look, this is going to be a big question of whether or not canada now feels enormous pressure to get onboard.

and some of this is going to depend, let's see what the actual details are in the bill. the president's promise pall along was that -- all along was that if he resigned something, it was going to be more in america's trade benefit. you can expect people are going to be poring over those. qanta has been a holdout many particular on the idea of lowering tariffs on all sides, and that that's what i hope to see come out of in this deal. it's not that people shift around tariffs or subsidies into different places, but that, in fact, we have lower trade barriers for both countries. if that's the case, it's a positive model for other trade agreements and one that, you know, maybe there will be pressure on canada to have to step up and follow. stuart: the pressure, surely, is now on china. their economy's not doing very well, ours is doing very well. we have a tentative deal with the europeans on auto tolls, we've got probably a deal here with mexico. the pressure's on china right now, isn't it? >> yeah, it is. and i think the tough thing for

china is not just the pressure that we're putting on them in terms of trade barriers back and forth, but for them to step up to the plate in terms of -- look, why did we get into this original trade war with china? it was because we were very unhappy about intellectual property theft and other things that go beyond just straight trade violations, things that really reach into the heart of their stealing things from our economy. that's going to be tough practices for them to change because they've fended on it, but that's the sort of issue they're going to have to address if they want a final deal with the united states. stuart: kim strassel, "wall street journal", thanks for being part of a rock and roll hour of "varney & company." elizabeth: the white house is saying this is a new trade deal with just mexico, bilateral, because if it was a nafta rework, they would have to get canada's sign-in on it. so now that it's just the u.s. and mexico, it's a different ball game right now. stuart: you've got that right.

i'm going to show you something, 1962 ferrari 250 gto, highest price ever for a car sold at auction. only 36 of those were ever made. it's considered the holy grail among car collectors. yes, we are waiting for president trump to speak about the trade deal with mexico. we'll be right back with that. ♪ ♪ ♪ as moms, we send our kids out into the world, full of hope. and we don't want something like meningitis b getting in their way. meningococcal group b disease, or meningitis b, is real. bexsero is a vaccine to help prevent meningitis b

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over to manuel lopez obrador who is the president-elect there. but it is pain that nieto right now who is in charge of that country at least politically speaking, and president trump has spoken with him within just the last few minutes. we are getting some headlines coming out of this. it is a taped playback. in this has to do with canada, stuart, because as you know, canada now needs to be brought into this for it to, essentially, be a new nafta deal. the president said that they could do a separate deal potentially with canada or maybe even bring them into the fold. it appears as if there might have been a little bit of a threat as well toward canada as well as the president, we believe, said that he would threaten tariffs on cars for canada should they not come into the fold here. we expect to hear from him any moment here, stuart. stuart: blake, i don't suppose you heard anything about who pays for the wall, have you? [laughter] >> reporter: i'm not sure if they went there with this one. [laughter] i think they'll just stick to nafta today.

stuart: understood, blake. i gotcha. [laughter] we've got to tell you about california. you might say it's at it again, a new bill would mandate gender diversity at all private companies in the state. our california voice of reason, larry elder, joins me. he's in the studio, by the way. and whilst we're waiting for the president and harry elder -- larry elder, take a look at sacramento, the state capital of the formerly golden state. ♪ ♪ copd makes it hard to breathe. so to breathe better, i go with anoro. ♪ go your own way copd tries to say, "go this way." i say, "i'll go my own way, with anoro." ♪ go your own way once-daily anoro

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stuart: isn't this what you want to seet thing on a monday morning, the dow up .86%? that translates to 221 points. we're back above 26,000. what's going on? we've got a tentative trade deal with mexico. joining us now, larry elder, salem radio nationally syndicated host who's with me in new york. >> in studio. stuart: in studio, better yet. most of us on this program so far have called this a win for the president, and what say you? >> the nafta thing? stuart: yes. >> the anti-nafta thing? stuart: the tentative deal with mexico. >> it is a win. i was very skeptical when he started talking about tariffs. i'm a free-trader, and i thought it was going to set us back. but he's pressuring our allies and our adversaries to rower

their trade barriers. if that's the goal, i'm with it, and this is a victory. you can tell what the stock market is doing, up 200 points. stuart: one of the most amazing things that we're hearing is that mr. trump has made sure that the wages of car workers in northern mexico go up significantly. what is it, 5 or $16 -- elizabeth: yeah. stuart: you pay them $16 an hour, you don't pay atariff on the car they make there -- >> that's right. overall, the goal is to lower barriers, and apparently that's what the president has done. stuart: okay. you approve of all of this? >> i do. stuart: free-trader? you just got real. >> that's right. i was board when he was talking about reopening nafta because that has benefited people in canada, mexico and here. stuart: larry, we want to segway here. joining us now is paul conway, former labor department chief of staff. paul, this is a two-way deal here, mexico and the united

states. canada is not directly included in this two-way deal. is that still a big win for the president? >> i actually think it is. so if canada wants to play spectator sports, he's giving them a lot of rope in order to do it. but i think the win here is because the president has three fundamental audiences; one, an international one that includes china and canada and other allies and adversaries, the second is the u.s. congress where he's sending a very strong message saying i will use every tool and tactic in the draw to get the best deal for his third audience, those who elected him. and i think for workers in particular he will be able to take this and say not only do i increase the wages here in the u.s. especially with autoworkers, but also in mexico which from a national security standpoint is a good thing for mexican workers. stuart: i want to stay on that theme because we've got 67% of americans who say now is a good time to find a job. job optimism is at its highest level in 17 years.

you're the guy on the employment situation, you were chief of staff of the labor department. that is a huge achievement for president trump. now, i think it's what he uses to go on the attack with after a bad week politically last week. >> i think so. i think it gives him a tremendous amount of resiliency, and it's a two-edged sword here because, one, people do, i think, have a great deal of optimism that their family and friends have the prospect of getting a job that helps them achieve the american dream. the other thing is this, the president is pushing his policies and has identified with them. so in an elections season, you want to be very careful of anything that can negatively impact that because the same type of pessimism can be ascribed to a candidate. i think they're avoiding that, and i think it's a very strong number. it's the highest in 17 years. republican and democrat have this core belief. stuart: am i right in saying that if you've got a skill, almost any kind of skill, you're doing very well, and your wages are going up?

anybody who's in demand in the private sector, their salaries are going up, but it's that -- the poorer people, the bottom of the income chain, they've not done that well in this recovery so far, would you agree with that? >> i agree, you see the wage growth with those who have lower income. but the alignment of jobs and talent is occurring across the measure. we want to see more for those or who are lower wages, but i think you have to give this time because you've got to remember finish and you know this so well and so do your viewers, we're coming out of a very long period where the federal government stood at the intersection of commerce and investment and said, wait a minute, we're going to be the open hand on the economy. that hand has come off. you have the hidden smith, more adam smith type policies that are actually benefiting people and the expectation that people have of being able to get a job. stuart: stay there, paul, i'm going to get back to you in just a moment. i've got to talk california for a second here because larry is sitting next to me. [laughter] the california assembly's going

to vote on a bill that would require publicly traded companies in california to include women on their boards of directors. that's a pretty radical step, isn't it? >> even for california. it's offensive. it's also very certainly illegal. it's a violation, in my opinion, of the 14th amendment, equal protection. what you're basically doing is giving women a boost and denying men. and if you are a company and your bylaws have a finite number of board members, you have to add another one or fire a man to put a woman on. if i were the woman who's been added to the board because of affirmative action, she's going to be perceived as not legitimate. stuart: well, you could extend it to black folks -- >> transgender, it could go all the way down the line. it's you outrageous. they do it in norway. the point is what? the point is presumably more women on the board will make the company more sensitive to things like the me too generation, i

guess that's the goal. but there's no study that confirms that. stuart: i'm sorry, but in my opinion the function of a company is to make a profit. i'm sorry, that's the name of the game, isn't it? i put my money into a company because it's going to make a profit. >> it's got a fiduciary obligation to make money. stuart: okay. have we got more on the trade deal? we're just a couple of minutes away from -- elizabeth: yeah, what happened was it went for 19 minutes because the president of mexico was on speakerphone, and it needed to be translated. so, you know, the headlines continue the come out about this. the president saying this is a really good trade deal with mexico. so the question is will there be a rewrite of nafta including canada. ashley: he says that nafta's got a negative connotation by its very name. he does say canada could join deal, make a separate deal, or we could just tax all the cars coming in from canada. there's a threat from the president. stuart: these are little snippets of information -- ashley: snippets coming from --

stuart: it's now 11:36 eastern time. just after 11:00 this morning, the president was in the oval office organizing this announcement that he's about to make. we're one minute away from the tape, i'll tell you that right now. he's organizing what he's going to say and what was discussed in this u.s./mexico trade deal. well, they've finalized that, and the president has put on tape what you're going to see in about 40 seconds' time. he also had a conversation on the phone with the president of mexico, and he has been saying, look, this is a two-way street here, u.s./mexico, but he wants to ditch the nafta name. ashley: he does. he says happy to negotiate with canada but doesn't like the nafta name because he says it's got bad connotations. mexican president saying he wants to toast the deal with a dekeel that. [laughter] stuart: i facetiously asked blake burman any news on who pays for the wall -- [laughter] obviously, i'm leaping over the fences here. we're going the roll that tape, so, ladies and gentlemen, stay

tuned, stay right there, the president of the united states talking trade with mexico. hold on a second -- [laughter] wouldn't you know it? welcome to live tv, folks. there's a problem with the tape. ashley: no. [laughter] stuart: luckily, i have people sitting with me who -- ashley: who are laughing at you and with you. elizabeth: remember the president, one of the first things he did when he got into the oval office, he signed an executive order, let's re-examine nafta. now we come to the table waiting for canada to step in. you know, canada had been really worried about the low wages at mexican car factories siphoning manufacturing operations into mexico. now that they've raised the wages there in this duty-free deal, in other words, $16 an hour, that means two things; that the manufacturing could stay in canada and the u.s. and also those workers in mexico could stay and work there and not pour in for higher wage jobs here. stuart: all right, ladies and gentlemen, this is it. [laughter]

i believe this is the real thing. this is where live tv really works wonders, because in five seconds -- i promise you five seconds, the president of the united states on trade. here we go. >> hello, everybody. big day for trade, big day for our country. a lot of people thought we'd never get here. because we all negotiate, we do, so does mexico. and this is a tremendous thing. in the has to do they used to call it nafta, we're going to call it the united states/mexico trade agreement. and we'll get rid of the name nafta. has a bad connotation because the united states was hurt very badly by nafta for many years, and now it's a really good deal for both countries, and we look very much forward to it. and i believe the president is on the phone? enrique? [inaudible conversations]

you know, you can hook him up. tell me when. how are you? a lot of people waiting. >> introducing president peña nieto. >> hello. >> [inaudible] >> do you want to put that on this phone, please? hello? be helpful. >> president trump. >> thank you. >> [speaking spanish] >> translator: president trump, how are you? good morning. >> thank you, enrique. congratulations. it's really a fantastic thing.

we've all worked very hard. your brilliant representatives are sitting right many front of me, and i thought we would congratulate each other before it got out. i know we'll have a formal news conference in the not too distant future. >> [speaking spanish] >> translator: thank you very much, president trump. [speaking spanish] >> translator: i think this is something very positive for the united states and mexico. [speaking spanish] >> translator: the first reason for this call, mr. president, is just about to celebrate the understanding we have had between both negotiating teams. [speaking spanish] >> translator: on nafta. [speaking spanish] >> translator: and the interest we have had for quite a few months now --

[speaking spanish] >> translator: to renew it, to modernize it, to update it -- [speaking spanish] >> translator: and to generate a framework that will boost and to ten shade productivity in north america. [speaking spanish] >> translator: it is our wish, mr. president, that now canada will also be able to be incorporated in all this. [speaking spanish] >> translator: and i assume that they are going to carry out negotiations on the sensitive bilateral issues between mexico -- rather, between canada and the united states.

[speaking spanish] >> translator: and i am really grateful, mr. president. i want to say to you i greatly recognize and acknowledge your political will and your participation in this. [speaking spanish] >> translator: and on this same path, i want to bear my testimony, mr. president, and my acknowledgment to both negotiating teams. [speaking spanish] >> translator: especially the team that is headed and led by mr. robert lighthizer. finish. [speaking spanish] >> translator: and also the accompaniment and the support we get from the white house through

jared kushner. [speaking spanish] >> translator: and i also extend this recognition to the mexican team -- [speaking spanish] >> translator: we are listening to you, they are close to you right now. [speaking spanish] >> translator: foreign minister and the secretary of the economy [speaking spanish]

[speaking spanish] >> translator: this has, of course, been a negotiation that has taken months. it's been difficult, public. it's a very hard negotiation altogether with difficult moments, of course. but i truly acknowledge now the fact that we've been able to reach an agreement that we are about to make public, and this is the result of good understanding and good work. and i, of course, i am quite hopeful that now canada will start discussing with the united states the bilateral issues. [speaking spanish] >> translator: congratulations. [speaking spanish] >> translator: i'm very grateful, and i am attentive to your comments. >> well, mr. president, thank you very much, it's an honor. you've been my friend. it's been a long time since i traveled to mexico, and we actually had a good meeting.

some people weren't sure if it was a good meeting, but i was it's also great trade, and it makes it a much more fair bill, and we are very, very excited about it. we are worked long and hard, your representatives have been terrific, my representatives have been fantastic too. they've gotten along very well, and they've worked late into the night for months. it's an extremely complex bill and it's something i think we'll be talking about many years to come. as far as canada's concerned, we haven't started with canada yet. we wanted to do mexico and see if that was possible to do. and it wasn't, i think, it

wasn't from any standpoint most people thought was even doable when we started if you look at it. remember at the beginning many people thought this was something that just couldn't happen because of all of the different factions, all of the different sides and the complexity. and we made it much simpler, much better, much better for both countries. canada will start negotiations shortly. i'll be calling the prime minister very soon, and we'll start negotiation. and if they'd like to negotiate fairly, we'll do that. you know, they have tariffs of almost 300% on some of our dairy products, so we can't have that. we're not going to stand for that. i think with canada, frankly, the easiest thing we can do is to tariff their cars coming in. it's a tremendous a amount of money, and it's a very simple negotiation that could end in one day. we take in a lot of money the following day. but i think we'll give them a chance to probably have a separate deal. we could have a separate deal that we could put into this

deal. i like to call this deal the united states/mexico trade agreement. i think it's an elegant name. i think nafta was a ripoff, it was a deal that was a horrible deal for our country, and i think it's got a lot of bad connotations to a lot of people. and so we will -- you and i will agree to the name. we will see whether or not we decide to put up canada or just do a separate deal with canada if they want to make the deal. the simplest deal is, more or less, already made. very easy to do and execute. but i will tell you that working with you has been a pleasure. speaking with and working with president-elect lopez obrador has been absolutely a very, very special time. you both came together for your country, you worked together. i think that's important for the media to know. we have a small amount of media

in our presence, like everybody, and the media should know that the president and the president-elect worked very closely together, was the president -- because the president felt it was important that the president-elect liked what he was seeing. and our teams worked together, our teams were unified. i was very impressed with the fact the two presidents came together and worked out something mutually agreeable. it's an incredible deal for both parties. most importantly, it's an incredible deal for the workers and citizens of both countries. our farmers are going to be so happy. you know, my farmers, the farmers have stuck with me. i said we were going to do this, and mexico's promised to immediately start purchasing as much farm product as they can. they're going to work on that very hard. and as you know, we're working unrepresented to this, we're working -- unrelated to this,

we're working very much with other countries. china is one, they want to talk. it was just not the right time to talk right now, to be honest, with china. it's been, it's two one-sided for too many years, too many decades, so it's not the right time to talk. in the meantime, we're doing very well with china. our economy is up. it's never been this good before, and i think it's only going to get better. but, mr. president, you've been my friend, and you have been somebody that's been very special in a lot of ways. we talk a lot. we talked a lot about this deal, and i'd like to congratulate you and the mexican people. [speaking spanish] >> translator: thank you very much, mr. president. [speaking spanish] >> translator: i recognize that -- [inaudible] the point of understanding we are now reaching on this deal. [speaking spanish] >> translator: and i really hope

and i desire, i wish the part with canada will be materializing in a very con treat fashion. [speaking spanish] -- concrete fashion. [speaking spanish] >> translator: we can have an agreement the way we've proposed the negotiation of this, a tripartheid. [speaking spanish] >> translator: but today i celebrate the agreement between the united states ask mexico. [speaking spanish] >> translator: because we're reaching a final point of understanding -- [speaking spanish] >> translator: and i hope that in the following days we can -- [inaudible] and the formalization of this effort. [speaking spanish] >> translator: something additional, mr. president --

[speaking spanish] >> translator: and you have mentioned it. it has to do with a committedded participation of the administration and the president-elect of mexico. [speaking spanish] >> translator: as you know, we are now going through a period of transition. [speaking spanish] >> translator: and it is possible to create a highly unified front. [speaking spanish] >> translator: between the negotiating team of this administration -- [speaking spanish] >> translator: -- the people appointed by the president-elect of mexico. [speaking spanish]

>> translator: and participate in this agreement, in this understanding -- [speaking spanish] >> translator: to reach the point we are now reaching. [speaking spanish] >> translator: the president-elect has been aware of everything that has been happening, and i have also had the opportunity of talking to him directly and personally on the progress being made. [speaking spanish] >> translator: you have also had direct conversations with president-elect. [speaking spanish] >> translator: the thing we have to do if we have the space to do it would be to sign --

[speaking spanish] >> translator: to toast a good toast with tequila, of course -- [laughter] [speaking spanish] >> translator: to celebrate this understanding. >> enrique, i think that's exactly right. and you know the good relationship that i've already established with the president-elect. i was very impressed with him, i must tell you. he was terrific in every way, and he wants -- you know, he loves your country like you love your country. you want to do the right thing. and we're really doing the right thing for all of us. so i really enjoyed that. please send him my regards, and i will speak to hip very shortly -- to him very shortly, but this was great that you were able to do it together. i think doing it mutually as opposed to just you doing it or even just him doing it, i think a mutual agreement between your two administrations was a fantastic thing. i suggested that early on, and i think it was immediately embraced, and i think it was a really fantastic thing that you were able to do it. and with great spirit. i mean, it was great coordination and spirit. so i think that that is really just great.

and u.n. -- and, you know, one f the things i'm excited about is you're going to be helping us at the border, you're going to be working together with us on agriculture, you're going to be working in many different ways, and we're going to be working with you in many different ways. this is a very come comprehensive agreement. so, enrique, i will see you soon. i think we're going to have a formal ceremony. this is one of the largest trade deals ever made, maybe the largest trade deal ever made, and it's really something very special that two countries were able to come together and get it done. and i just want to thank all of my people; bob and jared and, gentlemen, you have been really great, the way you've worked so long. i know you've been going up til 3:00, 4:00 in the morning and then getting in at 8. so i just want to, on behalf of the united states, i want to thank you very much. i can say that mexico is very proud of you. thank you all very much. enrique, i'll see you soon, i'm

talking to you soon -- i'll talk to you soon, and congratulations and job welch done. [speaking spanish] >> translator: thank you, mr. president. congratulations as well to you. [speaking spanish] >> translator: the negotiating -- [inaudible] [speaking spanish] >> translator: well be waiting for canada to be integrated into this process. i send you affectionate hug -- [speaking spanish] >> translator: and all my greetings to you and my regards. >> a hug from you would be very nice. [laughter] thank you. so long. thanks. good-bye, enrique. okay, so we've made the deal with canada. it's a very -- they're starting. we made the deal with mexico, and i think it's a very -- we're starting negotiations with canada pretty much immediately.

i can't tell you where those negotiations are are going. it's a smaller segment. as you know, mexico's a very large trading partner. but we've now concluded our deal, and it's being finalized. and, bob, when would you say it will be signed, actually formally signed? >> well, it will likely be signed at the end of november, because there's a 90-day layoff period. but we expect to submit our letter to congress beginning that process on friday. >> so that starts the process. >> yeah. 90 days later it will be signed. >> we have an agreement where both with canada and with mexico, i will terminate the existing deal. when that happens, i can't quite tell you. it depends on what the timetable is with congress, but i'll be terminating the existing deal and going into this deal. we'll start negotiating with canada relatively soon. they want to start -- they want to negotiate very badly.

it'll either be a tear writer on cars or -- tariff on cars or a negotiated deal. the other would be much better for canada. we're looking to help our neighbors too. if we can help our neighbors, that's a good thing, not a bad thing. so we're going to start that negotiation imminently. i'll be spiking with prime minister -- speaking with prime minister trudeau in a little while. i want to thank everybody. i want to thank you. what a great job you've all done. it's been a long one, but a lot of people thought this was not a doable transaction. it's going to be great for our people and, again, i want to thank you, folks. and we'll see you at the signing, and we'll see you many times before that, i'm sure. so congratulations toss the people of mention -- congratulations to the people [shouting questions]

stuart: like what the president just produced. that is a two-way deal with mexico. look at that the dow is now up 261 points t was up about 210 when he started speaking. it has gone straight up. that was probably one of the most unusual presidential messages of all time. it involved a live conversation with the president of mexico. in it and the president and president of mexico detailed a two-way street, u.s. and mexico. where does that leave canada? the president said they will deal or get tariffs. >> you can join this deal with us and mexico or we can do a separate deal and we'll put tariffs on deals coming to the united states. the ball is in canada's court now. liz: they have been at this year-and-a-half. clearly the president saying let's move forward. get going on it. august usually a bad month for stocks. dow breaking through comfortably

above 26-k. stuart: most unusual message. i have never seen anything quite like it before. yet this is the trump press den sift the dow is up 210 points. ashley: yes. stuart: now we're up 267 points. my time is up. you neil, it's a yours. neil: the united states, mexico trade agreement is on. canada can join if it wants to. the president hopes it will. what the mexicans conceded, wht we might have conceded to make it all happen. going through the details we'll do in just a second here as stuart indicated. markets like what they see. not that this will be vital to u.s. interests. don't want to minimize it. will it grease the skids for canada? the china, trade impediments in this country and in it president's way here and will it get others to come to the table.