i think gerri willis is correct on this. president trump verbally and very publicly shoving jerome powell, federal reserve chief for better or worse, made him get up there today, say we are pretty close to neutral on rates. [closing bell rings] maybe we'll see a slowdown on the path of rate hikes. that is it for "the claman countdown." i'm heading to argentina. see you friday. connell: a lot to talk about, stocks surging after the jerome powell speech. he suggests that the federal reserve could close the pace of interest rate hikes. the benchmark rate is below neutral. different than the position last month. president trump is watching all of this closely before the fed chief spoke, the commander-in-chief glassed him, revealing not even a little bit happy with his performance. we'll see if he changed his mind after powell's performance today. we'll talk about it all.

i'm connell mcshane. melissa: i'm melissa francis. this is "after the bell." the dow ending up the day up 618 points. session highs. positive for the month. s&p 500 also joining the dow in the green for november. and nasdaq surging 3% today. but it wasn't enough to turn positive for the month. we've got fox business team coverage. gerri willis on floor of new york stock exchange. edward lawrence is at the white house. we'll start with gerri at the new york stock exchange. >> what a turnaround in sentiment down here i got to tell you. everything was interpreted negatively. last week today. let me tell you those words, nearing neutral from the federal reserve chairman in his speech to the economic club today really setting the pace here. the dow ending up, up 618 points. s&p 500 likewise up 2.3%. amazing move. nasdaq up more than 200 points. it sounds like a dow move but it is not. it is the nasdaq. as you can hear behind me.

people are pretty darn excited. somebody mentioned to me, they will start a jay powell fan club down here. wait, wait, folks say it shouldn't be for jay powell, the president. who criticized the federal reserve chairman insensitively over what he thinking would be another rate increase in december and maybe as many as three or four next year. all of that changed today. as you can see the markets turned around as well. i want to mention housing. that is one sector where this really played out. the philly housing sector at beginning of the day down 1.9% on sales numbers that looked lower. oh, what a difference those few hours made. stocks in the index ramming higher. let me give you an example. building products are up 4%. it had been down 4% at the beginning of the day. you get the picture. interest rate-sensitive stocks really moving. financials all higher, all looking good. as we come to the end of a really busy trading day. back to you guys. melissa: thank you.

now on to edward lawrence who is live at the white house with the latest. edward? reporter: fed federal reserve chairman janet frustration is real thing. the president telling "the washington post" he is making deals but the fed is not accommodating what he is doing. the president adding that his gut says the federal reserve is raising interest rates too quickly. white house economic advisor kevin hassett says this president, because he is a developer among any other president, knows the impact of interest rates. >> i spoke with the president in the oval about it. we, had to agree he saw movements in the real estate data i was showing him coming before we at cea did. he has been living in that space. when you look at path of interest rates, not just short-term rates, thinks about economic effects of it he is worried about it. the president in no way impinging on respect of the

independence of the fed. reporter: so far the president stopped short of saying he wants to replace fed chairman jerome powell, but the president want as pause in rate hikes in december, right now as opposed to setting up a pause later on which seems to be what the fed is doing. back to you, melissa. melissa: he criticizes everybody. not like it makes the fed chair special. edward, thank you. connell: to the market panel, fox business network deirdre bolton at the speech. in the room where it happened this afternoon. john layfield, ceo of the layfield report. a fox news contributor. joined by todd horowitz, host of the bubba trading show. deirdre, we can start with you, in the room at the economic club of new york was, what was the buzz after jay powell spoke? >> well he is pretty much stuck to the script as we heard, chairman powell really talking about the stability of the financial system. those were prepared remarks.

he took a few questions from the audience but they were pretty bland and he answered in greenspanees. like he spoke but didn't give too much away. the funniest comment off-the-cuff between the prepared speech and q&a talking about his own health exams, saying the report i give for the u.s. economy is a lot like what happens to me as baby boomer going to the doctor. a couple things to monitor. overall health is pretty good. as far as the comment that stood out for the market was him saying interest rates are close to neutral, right? huge change. from what we heard two months ago in october. that is why we saw all the green on the screen. connell: that was in the script, john layfield. i guess the debate now, i don't know how important that is, what is your view on it? the debate whether he was bullied into that as was suggest ad few minutes ago by president trump. by the way, if you're jay powell you would have heard it the other way. if you didn't say something like that, well he is only being

aggressive on rates because he wants to prove he is independent from the president. what do you make, john, of his remarks today? >> i agree. it is a catch 22 for jay powell. he was obviously bullied into this. i think the fed is lost independence. hard to stick up for the fed. the fed missed last two financial crises. hard to stick up for the fed. market likes the fed. this is one of the big headwinds, rising interest rates and potential global trade war and global slow down. connell: on that point, todd, you have been negative, probably actually is the right word, definitely cautious, right on markets? do you change your approach after what you heard from powell today? >> no, i don't change my approach. the markets will eventually take over whatever they want to do under a the bond market is still suggesting we want higher rates. this manipulation by the fed

trying to appease president trump make all things fit. they have never been right in 105 years of existence. they never get it ride. this is a santa claus or rip your face off rally. they will settle down and get true direction of markets. i still think we have lot more on the downside. this rally hurts a little bit. melissa: i will take santa claus over rip your face off. home depot and amazon cutting orders with chinese suppliers to combat the burn from president trump's tariffs. as the commander-in-chief prepares for trade talks with china at the weekend g20 summit. deirdre. >> we're seeing retailers move higher, yes to your point, they're all managing, that list is long. it is walmart. home depot. dollar tree. amazon, home depot, all saying some form or fashion we'll manage this. we did hear from president trump yesterday saying, actually, the

fed is hurting the u.s. economy more than china. which we all read in to mean the trade tensions between them. fourth quarter, if not more. have another factor to deal with, melissa. melissa: todd, love him, hate him, the president is master deal-maker. look at this. applying pressure to china by creating economic disincentive for his own american companies to buy from them, just ratcheting up the pressure to turn back years of unfair trade practices, in the short term, it is not good for americans because we want the cheapest products. in the long term though, do you think it will work out? >> i think he is doing a great job. i'm a big fan of the president. not so big what he did with the fed but i'm a big fan of the president but i think he is on the right track. what we all really want, melissa

is fair and free trade. we want asset classes and products to price themselves not be done by tariffs or other government help or other government agencies. trade them, trade fire and flee prices. that is what president trump wants to be, having a fair and free market. that is what he is doing a good job of. melissa: john, we had managed market where we give away the farm to them. we have to get radical moves to get things back in line, yes or no? >> no. i don't agree with that. to me it is not working. china, gdp is up since july through october. exports are up. a lot of that is front-loading. you can explain that away. i'm not sure raising tariffs on chinese good will get them to quit doing things we need to get them to quit doing, stealing intellectual property, how you set up companies inside of china. i'm not sure that gets them to open up the market. we have soybeans sitting on

barging in ohio. they're buying them from braille s. brazil is shifting we'll never get that back. we could be in for a very long trade war. my opinion at least. melissa: takes two. connell: we like honesty. deirdre, thank you for all the of you. this is interesting number on housing. new home sales tumbling 8.9% in month of october. the slowest pace since the 2016. this speaks, john, to the economic backdrop, the federal reserve everything else dealing with. not only data point. we know housing is slowing downs right? >> look we do. i want to make it clear i'm in favor of trump administration what they have done with the economy. i think they have done wonderful things. i'm completely against tariffs. i don't like a potential trade war. i think we'll probably see the best christmas in our history. this leads the could nun drum in

our markets right now. housing prices are down. headwinds start next year as quantitative easing stopping. tax cut stimulus should abate by then. you have a global slowdown. the question for the markets for those of us in it, is last hurrah. we have a great economy. seeing cracks and worrisome in the housing and other things as far as slow downs. connell: to your point, we get your point. put tariffs on top of that in this time, you know just adds to the slowdown. what about the actual slow down we see, home-building stocks up today, but slow down we've seen in housing? >> i think you've got something going on connell. interest rates are rising which will slow down housing. housing is not developed by true free market or housing recovery. it is determined by interest rates. how much do we pay per month. americans by nature are by the month society. we build up massive debt. a lot of loans are free-floating and will adjust with interest

rates. that keeps people away from buying houses. you certainly can't afford to make the payment. add in all theories of the debt, falling earnings we have because of their higher debt costs, higher labor costs will take away from housing and other big purchase items. connell: all crosscurrents on a day the dow goes up 600 points. john, todd, appreciate it. >> that is a great point. the market skyrockets. connell: little nugget thrown its way by jay powell. off we go. melissa: president trump versus the auto industry now. the president threatening to add tariffs on all cars imported into the u.s. as he goes toe-to-toe with general motors. ford is cutting shifts, but keeping the workers. we'll tell you what the president is saying now. connell: optimistic on trade? president trump gearing up for the g20 summit with world leaders. where the u.s. and china strike some sort of a deal. could this be the end of the tariff back and forth. we'll talk about that. melissa: easing tensions with russia. how the potential meeting

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discuss this. pick up on your comments about tariffs a little while ago. the new tariffs the president brought up, kind of interesting because we do have pretty heavy tariffs on trucks coming into the united states now. we should do the same thing for small cars. if you look at it we make trucks here. if you buy a truck even foreign-made company usually manufactured in the united states. i guess because of those tariffs, right? what do you make of this idea being floated? >> i own gm and ford. so i'm very much in favor of our carmakers. i'm a shareholder but when you look at trucks being made that is one thing ford does exceptionally well. they sell because people want them. the small cars are not selling because people don't want them. what concerns me about tariffs, gm says it will hurt profits by billion dollars steel and aluminum tariffs. gm is now producing more cars in china than the united states. if you have a tit-for-tat tariff war they will put tariffs on our exports as well. all you will see more production

being moved overseas. that is exactly opposite. connell: that is what the automakers would say, todd. many did say when they hurt about it but what's your view? >> more "the art of the deal." trying to pressure and pressure gm as dagen mcdowell said this morning, gm, their deal runs out with the fed subsidies and fed money. they bailed them out. you can't take the money back now. you can't go back what you have already done. i like what he is trying to do with all the big automakers. time we got everybody in line. it goes back to trying to get everybody in a fair, the same place versus having all the different deals. government helps other companies through other countries. i think that is the wrong way to do it. it is best to have straight up markets. connell: if you put a dagen mcdowell quote to me. i have to end it there. joinings always good toe see you. >> how is the gm controversy playing out at the l.a. auto show? fox business's jeff flock on the scene with details there. jeff, what's the buzz?

reporter: i have to tell you, melissa, nobody likes the idea. i tell you why. because, you know the auto industry is very interconnected and you put a tariff on a vehicle, prices go up, theoretically, prices cost more money, and that has a chilling effect on sales. i will say this. this is by the way the new lincoln aviator. a big buzz unveiled. the focus now on these bigger vehicles. and, you know the president make as december argument. he makes the -- decent argument. if we put high tariff on german imports, japanese imports, people more likely to buy american. if you buy a german sports car, maybe instead buy a corvette, or maybe you don't. maybe if you have $100,000 to spend on a car or $120,000, and you can afford the cost. even u.s. automakers not thrilled about the tariffs you

heard of the tit-for-tat nature of things, you know. it chills trade overall. now the president need to negotiate hard. everyone acknowledges that. they're willing to let him do that. where it ends up with lower tariffs, not higher tariffs. melissa. melissa: absolutely, jeff, thank you. connell: some breaking news coming in from dell. dell made announcement of potential cybersecurity incident. the company detecting unauthorized activity on its network. they say it happened on november 9th. the activity targeted dell.com. it included customer information, names, email addresses, even passwords. investigators have found no evidence customer data was actually stolen. they have not ruled out the possibility either. we'll bring you more as we get it from dell. melissa: a looming government shut down. president trump pulling out all the stops on funding for border wall. what it could mean for you and your wallet. plus the fight for the gavel

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melissa: five billion or bust. in a new interview with "politico," president trump threatening a shutdown over border wall funding saying he would quote be willing to totally shut down the government if he doesn't get $5 billion spending approval from congress for the wall. here is react, chad pergram, fox news capitol hill producer. i take reports like this with a grain of salt because he strikes five different tones in an interview. what do you make of this report. >> we had had flirtations of government shutdowns. remember government shut down briefly back in the winter, the democrats were blamed. why republicans and democrats think they're in a better position to go to the mat to

push for boarder wall funding. here is something you need to know. congress flips in january. democrats in the majority of house of representatives. this is the last big chance on republican side of the aisle to get money for a border wall. they don't think it will be possible with a democratic house next january. keep in mind this would not be a complete government shut down. five of 12 bills are funded. there are seven including homeland security, which is not funded. >> how much of a shutdown would it really be? i heard lawmakers say the vast majority of the government is already funded. so a shutdown doesn't mean anything. >> i don't know that it doesn't mean anything, they're 88% of what we call discretionary funding, in other words, not entitlements. a lot of that is because they passed the bill back in september to fund the military. that is 53% of everything right there. so that is a lot of money. why president trump might be willing to go for broke here, this would not hit the military adversely. keep in mind the key here, they have to come up with a plan that

gets 60 votes in the senate. if they don't get 60 votes, five billion for a wall a bridge too far, there could be a partial government shut down end of next week. melissa: we'll keep an eye on that. meantime on capitol hill nancy pelosi securing a simple democratic majority she needs to become nominee for speaker of the hours. the current house minority leader seemed pretty good about her chances even before all the votes had been counted. >> our diversity is our strength but our unity is our power. we will use that power again in unifying way for our country. i'm proud to be the nominee of the house democratic caucus. once again speaker of the house. melissa: but, it seems to me, chad, tell me the nuance of this, there is a little catch in there, because they set it up nobody is running against her. so you can vote for her or can vote no. but it is symbolic because no one is running against her.

can't some democrats be on record having voted no, tell the district that because it is really meaningless? >> that is exactly it. a lot of these democrats campaigned we would not vote for her on the house floor. some freshman coming in next year wouldn't vote for her. they have a little bit of an out. keep in mind how confident nancy pelosi is, held the pros press conference. nobody stepped forward here. you can't beat somebody with nobody. 203 voted for her. 32 voted against her. three ballots are blank. when they vote on house chamber she needs to get 218. it is about the math, it is about the math. she needs to get 15 votes. some of those who voted against her today, will vote yes come january. that is why, we think that the house democratic caucus next year will be about 235. so let's look at math.

subtract 17. she could lose 17 votes. if she picks up 15. she is right on the cusp. they haven't had a floor fight for speaker since 1923. melissa: the key no one stepped forward to run against her. they're all too scared. chad pergram. thank you. >> my pleasure. connell: that is the key. meeting of the minds. president trump keying up for pivotal moment. being pumped up that way. a lot of anticipation for g20, meeting between trump and president xi of china. we'll talk about what it means for the u.s. foreign relations just ahead. ♪ (indistinguishable muttering) that was awful. why are you so good at this? had a coach in high school. really helped me up my game. i had a coach. math. ooh. so, why don't traders have coaches? who says they don't? coach mcadoo! you know, at td ameritrade, we offer free access to coaches

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connell: we do have new numbers showing the u.s. trade deficit growing. those numbers in from the commerce department, widening by 1.3%. $77.2 billion in the month of october. president trump gets set to leave tomorrow for g20 summit in argentina where he does have the big meeting with chinese president xi xinping. there is all this talk whether we get a breakthrough this weekend on trade. let's bring in author, foreign affairs journalist, gordon chang. i mentioned the trade deficit largely because the president mentions it so much, to get out of the way, to me it is not very useful metric looking at all of this. means we're importing more than exporting. the economy is strong. do you disagree?

what do you make after widening trade deficit? >> when you have vibrant economy americans will spend. this is heading to christmastime. of course the trade deficit is going to be big. it's a sign of a successful economy. it is not a sign of an unsuccessful policy with regard to china. that is not a metric of that. connell: the president uses trade deficit metric as flawed as it may be, as he goes into weekend meeting with xi xinping, what would be a better way to deal with it? >> most important thing protect u.s. property from intellectual theft. they are taking hundreds of billions of dollars this year. connell: how do you do that this weekend? >> china there is no deal, we'll continue to impose stuff, until china stops stealing our stuff and stop predatory trade practices stop all. they agree all the time to stop

stealing. xi xinping was standing in the rose garden, sent 2015 said we are not going to hack the companies of the other country for commercial purposes. china never stopped hacking our companies. connell: you're saying the president should basically walk out of meeting with nothing having been accomplished? i have research in front of me, dan clifton i was raiding this morning. i think there is a problem with what you're saying. from the financial market the point of view, they're looking what the scenarios might be. he said the framework set up result scenarios, 40% probability, cease-fire would be a truce is 30%. that gets us to 70, right? bigger than expected deal is 20%. so not a very good chance. failure, which is essentially what you're say something 10%. and that would be a disaster for markets. if what you say should happen, does happen, the 600 points we have today could be, turned around and even more than that on monday? >> sure. we shouldn't think after decades of misguided trade policy there are any no cost solutions.

if you're saying, well look, let's do something great for financial investors but the point is, what are you going to do 10 years from now, 20 years from now we become just an exporter of only primary agricultural products? we do not need to be a third world economy. this will be painful. connell: meantime a lot of these companies, a lot of these farmers could go under? >> they could but it is unlikely because you know, i heard someone, one of our guests talk about, well, brazil is selling stuff to china. there are only so many soybeans in the world. brazil is not selling to traditional customers. means americans will do that. american soybean farmers are planting other stuff. they know -- connell: they're forced to. they're forced to make adjustments at some point they might be forced to sell their farm or their farm might go down in value. >> sure. connell: there is some pretty big problems with those people. >> of course. this is why you have a government because you can have support for farmers, as we do.

we support farmers anyway. we can just increase that. but the point is, that you know, if you want an economy with no google, no amazon, no microsoft, no whatever, then, yeah, that is where we're going. you have to do something about it. or it will hurt. connell: china has to give in, quick final point do you think they do? definitely not this weekend. a long way off. >> xi xinping believes in state dominated economy. he believes in trade predation. he believes in stealing stuff. it will take a long time. connell: we'll talk to you again, gordon. thank you. melissa. melissa: be laking -- clashing with senators on capitol hill on president trump's relationship with saudi arabia. with can we expect to come out of this meeting this weekend. that's next.

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and secretary of state mike pompeo facing a grilling from senators on capitol hill today as outrage has been building over the united states' sponges or lack thereof to saudi arabia after the killing of "washington post" columnist jamal khashoggi. rich edson, fox news live at the state department with more on all of this. what happened, rich? reporter: good afternoon, connell. the trump administration is pushing a defense of strong alliance with saudi arabia and coalition fighting in yemen. defense secretary james mattis, and mike pompeo, some democrats and republicans want to further punish saudi arabia over the death of jamal khashoggi. >> i do believe i read every piece of intelligence came in the last few hours. i think i read it all. there is no direct reporting connecting prince to the order to murder jamal khashoggi. reporter: the republican chairman of the senate foreign relations committee, bob corker,

says it was apparent to senators in attendance in this briefing that the crown prince mohammed bill salman is ultimately responsible for the death of jamal khashoggi and the crown prince is out of control. some senators also question why the president failed to include cia director gina haspel in the briefing. they want to provide details on the khashoggi's killing. cia said members of the senate intelligence committee were briefed on all this. the notion anyone told director haspel not to attend the brief something false. a bipartisan group of senators are pushing u.s. to to with support of the coalition fighting in yemen. mattis said pulling back our military support, weapons sales to partners and protect of the population would be misguided on eve of promising initial negotiations. negotiators are trying to establish discussions with

warring parties in yemen set for sweden next month. connell: thank you. melissa: former deputy assistant defense secretary. are is a lot of buzz behind the scenes, punishment for saudi arabia, whatever the exchange is in order for the u.s. to to back off of it is greater than we know. it may be that the crown prince will not ascend. do you hear the talk and buy it? >> i doubt there are any competitors to the crown prince at this point. relations is political crisis between the united states and saudi arabia and other countries as well. european countries have been reacting as well. this is a very difficult situation. i think discussion, melissa on capitol hill were polly-based. about the secretary of defense, the secretary of state talking about policy equities here in the relationship with saudi arabia considering everything going on in that part

of the world. countering violent extremism, syria, expansionism, the war in yemen so many things are going on. there i'm not saying, certainly there's a possibility, melissa, that the cia director will at some point go to capitol hill will brief a broader group of members, what we saw today, we didn't see today or the director of national intelligence. that is certainly a possibility but today's discussion were policy discussions. melissa: i want to get your take on president trump's possible sit-down with russian president vladmir putin at g20. we keep hearing it is on, it is off. it will happen. >> right. melissa: i imagine the back and forth will continue until the very second when they walk out of the room if it happens. first of all do you think it will happen and should it? >> first of all i think the president is doing the right thing here keeping pressure on putin over ukraine. you know what happened last weekend with the shipping. the sailors are still being

detained. ships are being detained. there is talk, ukrainians, russians have bigger ambitions. they may do something broader than what they did in the straits the other day. i think the president is holding out the possibility of a meeting hoping to hem putin in what he might do in ukraine. putin craves international attention. would certainly be against isolated at g20, there will be so much press coverage considering who will be there including the crown prince. i think that the president is using this to deter putin from going any further with ukraine. i hope that ukraine certainly will come up in their discussions among other important security issues. melissa: talk about the other security, important security issues because i have even heard talk of russia figuring into the mix when you talk about the middle east and israel and back channels through russia and egypt trying to rein in radical

islam and russia on the helpful side of that equation potentially. is that a possibility? >> there is a lot of issues. one of the other issues, melissa, the imf treaty, couple weeks ago national security advisor john bolton in moscow, intermediate range nuclear forces treaty. americans want out of it because russians are cheating. we want out that china is building military force not constrained by the treaty. imf treaty is not in there. strategic arms reduction treaty. middle east. they're in syria. relationship with iran. they have gotten cozy with turkey. there is tremendous number of issues. north korea, there have been complaints coming out of the u.n. that the russians are doing ship to ship transfers, providing good, u.n. sanctioned goods to north korea weil we're trying to get north korea to denuclearization. russia is major player globally. certainly across a broad swath

of our national security interests. melissa: that is really important, if people were listening closely, what you put out there inserted themselves, almost any problem or conflict around the world we're involved trying to untangle the pieces, you just mentioned russia has a role or inserted themselves almost everywhere. interesting stuff to follow. peter brookes. thank you as always. >> thank you, melissa. connell: president trump is standing his ground when it comes to trade with china. he says he is putting america first. this weekend will the chinese blink? fred barnes coming on from "the weekly standard" next. ♪ i'm tecky. i can do it all. go ahead, ask it a question. tecky, can you offer low costs and award-winning wealth management with a satisfaction guarantee, like schwab? sorry. tecky can't do that. schwabbb! calling schwab. we don't have a satisfaction guarantee, but we do have tecky! i'm tecky. i ca...

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connell: stock market soaring today, after the fed chairman jerome powell project ad solid economic outlook an hinted that interest rates are just below neutral level which is big shift

in a lot of people's minds. >> just below the range of estimates. that would be neutral for the economy. that is neither speeding up nor slowing down growth. connell: as recently as yesterday, in a washington post interview not even happy with a little bit, was jay powell bullied into concession of sorts? >> i'm not sure how bilge after concession. he changed his tone some. big of a concession. trump is, speaking very tough. you know, one thing, i actually like about this, you know, when trump is yelling at people like

some congress men, somebody, mia love defeated in utah, so on, that seems unfortunate. on the other hand, going after the fed, presidents have been doing that for decade. and so we have had a correction. stocks have gone down. the president doesn't like it. he is not taking the blame. connell: some argue it is different, fred, this time, because of the way he has done it. it somehow endangers or questions independence of federal reserve. you don't see it that way? >> not at all. that is nonsense. the fed can handle itself. i think the fed will. i mean they can change their tone some. it sounds better. for last three days, there have been, today is a good example where the market is, what it is doing now. it is really booming and, was pretty good yesterday, was booming last friday. so, so maybe trump will back off. connell: yeah, maybe.

he has other people to feud with, to your point. as we look at this, fred, the meeting coming up over the weekend with xi xinping in china. that is one of the people he has been going back and forthwith. he will sit down saturday night in buenos aires. that is different. not jay powell versus donald trump. this is completely different culture. a lot on the line in terms of trade. how do you think the president handles this one? if he walks away with absolutely nothing this weekend, to our earlier point, the market rally we had could disappear very quickly. >> i think it would disappear. great expectations here. particularly, before we've had this rally in the market today and, over the last several days. i mean trump, i think trump needs some kind of a deal, with the chinese. i talked to one of his economic advisors just a couple days ago. connell: yeah. >> they don't know what the chinese are going to do.

they don't have everybody leaking to the press all the time and it is completely different situation. connell: that's true. >> the chinese will just not respond to things. one thing that trump has done well over the last months, it has been to isolate china. really separate them from everybody else there. they are the people who are the trade problem in the entire world. and, you know, an awful lot of other countries agree with trump on this. connell: right. is there a way to kind of hammer them but also make people realize you're making progress toward as deal? , you know what i mean, fred? you will not solve everything this weekend but you send a signal we're on the way but not go easy. it's a difficult balance. >> that is difficult. one of the signals would be weil hold off on these tariffs, these really large tariffs that we were going to impose on china because we need to do some real, serious negotiationing about an overall trade deal.

and that would, i think, make people think, and probably correctly, that this is, a wise thing to do. maybe there is been more movement toward the big deal than we know. connell: i agree with you. that would be enough for now. just give a signal. good to see you, fred. talk to you soon. >> okay. melissa: google under fire. the tech company being hit with a massive lawsuit over quote, deceptive way it tracks users. the startling details. how to keep your location private is next.

connell: google accused by a number of european organizations of tricking users into let could it track their locations. reporter: according to 7 european consumer agencies, google is illegally tracking

your location. google faces a lawsuit here in the u.s. that alleges google is tracking you, even if you turn it off in your privacy settings, what do consumer groups in norway, sweden and 5 other european government say google uses various waysen to courage user to enable settings in the history. they are up greated to all google user accounts, and confuses for users who don't know they are authorizing going to told track them, we reached out to google, location history, they say is turned off by default, you can edit, delete our pause at any time, if on it helps improve services like predicting traffic for your commute, if you pause it, depends on your phone app sets we may collect and use location data to improve your google

experience. in a different google setting web, app, app activity, we're working to improve our controls, they european report will be read closely to see if we can take onboard, google. tech industry, have been under scrutiny by governments in world, how much data they are collecting, what they are doing with the data. the ceo heading to dc next week on december 5, for a congressional hearing. google was absent in september for the senate hearing. president trump has been vocal about his concern about a liberal bias in silicon valley, and an antitrust situation. there is a lot to an ter. connell: all right. thank you,. melissa: it is christmastime in our nation's capitol, any minute president trump and first lady will participate in national

christmas tree lighting ceremony. the annual celebration includes musical performance, u.s. navy band, and mull u mull tip multic stars. connell: very nice. david: this is bulls and bears, what a day, i am david asman, joining me on panel, jack how, liz peek, kevin kelly and michelle mckennan. stock surges today do you up more than 600 above 25,000, and nasdaq back up 7,000, fed chair powell suggesting that pace of rate hikes could be slowing. a day after trump slammed powell in a "washington post"