we now know as desert storm. stuart: fred, thank you so much for being with us on an historic day. we really appreciate it. ashley, thank you for all your support here. all good. a remarkable day. you've been watching it. a great man. a great american. connell mcshane in for neil connell: the body of the former president is loaded on what we associate with presidents, air force one, it is been especially designated mission 41. joint base andrews by later this afternoon. we'll be watching coverage of this throughout the day, alongwith the normal news events

and market coverage we provide on fox business network. the former president's body will be lying in state at u.s. capitol rotunda through wednesday of this week. that is the day of the funeral in washington, wednesday. let's go to washington as you look at pictures coming in live from houston and welcome in hillary vaughn. i know that city is waiting now to celebrate as stuart has been saying the life of the former president, hillary, that begins this afternoon. reporter: yes, this afternoon, connell we're expecting air force one to land around 3:30 p.m. we're waiting for it to emback as what is commemorated aspects air mission 41. the casket has been loaded into air force one carrying the 41 san diego president's body as he will make his final journey on his plane was his first time as president. it was loaded into the 21-gun salute and him with family and friends including bush 43, his

son, former president george w. bush and former first lady laura bush. they will all journey here. when they land this afternoon the motorcade will take them to the rotunda at the nation's capitol behind me. there will be a private ceremony at 5:00 p.m. then at 7:30 p.m. local time the rotunda will open to the public where the president will lie in state over 35 hours, giving people several days to pay their respects, honor him, mourn him, to say good-bye. there will be a guard of honor standing next to his body the entire time. the former president's secret service detail stays with him, travel with his body, where he will be laid to rest back in texas, also saying good-bye, yellow lab, sully bush, the president's service dog was in line at funeral home to pay his respects. the family spokesman jim mcgrath tweeting a picture of bush's casket draped in an american flag.

you can see there sully laying there solemnly beneath his former boss, the tweet saying mission complete for him. also we are getting more details about the final fashion statement the former 41st president is making, layed to rest in the specially designed socks. bush said he was self-proclaimed sock man. he had a love and passion for whimsy call socks. these are especially designed for him honoring his lifetime of service when he began as 18 years old as knave aviator in war. he will be laid to rest in these socks. america will honor, mourn, say good-bye, remember bush 41. the new york stock exchange holding a moment of silence before the opening bell today. the market will be closed on wednesday in honor of a national day of mourning. we're expected to get services

started here around 5:00 p.m. local time, connell. connell: couple things, hillary, socks, former president well-known especially later years for the socks he wore, certainly an interesting touch and this picture that jim mcgrath tweeted out of the service dog, i think everybody was talking about that this morning. what a remarkable picture that was we're looking at remarkable pictures we have been for the last 20 minutes or so from houston where the ceremony was held. you watched it live on fox business, former president george w. bush among those on hand as they bid farewell to the body of his father. the father -- the body of the former president on air force one, now designated special mission 41. making its way to joint base andrews outside of washington, d.c. sam skinner, joins us now.

he served as chief of staff for president bush. as you watch this along with the rest of us, what is going through your mind today? >> i am watching it and i'm also thinking obviously as we honor this great person. i look at air force one, i think of many trips i took with him on that airplane. and you know, how generous he was. one of the stories i remember, everybody knows him as a war hero and a president and a world leader but as a person, one day i was aboard air force one hitching a ride down to florida, he was going with a group of his friends, he saw me on the airplane, as secretary of transportation. what are you doing here? i am saving the government money. what do you need when you get down to florida? i'm look, mr. president. he came back twice. as you got off the ramp, are are you sure, you don't need anything? that is the kind of person he was.

that is my memories i look at air force one this morning. connell: so many stories as sam points out he served as both a cabinet member for president bush, secretary of transportation, right? then as his chief of staff. there is so many of those stories where we hear, i think somewhat unique when we're talking about a former leader like this, especially a former president, where the other person comes first. and i know over the weekend so many people made, i think it is right to make a big deal out of this, how the pronoun i was almost foreign to this president. he was uncomfortable with it. >> i use that a lot. he always said we, never i. never talked about i, first person. would always talk about what we're doing, what you have done. you and we, thank you, what we, so, i also think as we talk about him, he had some great people, excluding me of course, but others, worked with him, followed his role model.

he was the role model for the rest of their lives. watching him give back helped me understand how important it was to give back for my entire life. i'm one of thousands that saw that first-hand. of course he had the points of life where he recognized people that really give back. so when you have a role model like this, you work for, know for 38 years, it rubs off. you have really an obligation to give back. that is what he will be remembered for. not only as a great president, but a person gives back and wants others to give back. that is all he asks in return for what he has given you. connell: putting presidents in historical context takes time. some time passed since the term president bush served. his son in the 60 minutes interview aired last night, his close friend james baker, they both said they believe that this president may be remembered as the best one-term president,

whoever served only one term. what would you, what would your own reflections of that be? >> well, you know, i think i was adding it up the other day, i've been alive i think during 12 presidents, clearly the best in that group when you put the whole thing together, i don't mean to insult president bush 43, he would be the first to agree. number one he is obviously first-term president didn't get a chance to continue all he wanted to do but what he accomplished in those four years is incredible. he did it. i would say, he was a world leader. you will see that this week but i was with him at the u.n. when we visited in 1992 with 20 some world leaders, either heads of state, heads of government, i saw how much they revered and respected him in one-on-one situation up in the united nations. he would be remembered, very few presidents have the opportunity to do that in their lifetime, let alone in four years. i would agree with president

bush, george w. bush he will be clearly the greatest four year president in history. connell: you were ready to add to it, better than many of the two-term presidents. >> i think he right there at the top. if you look at it all, what he did. now, obviously i am from springfield, illinois, lincoln is number one. i understand that and there is some really great presidents that we've had over the years who accomplished a great deal but most of them were two-term presidents. connell: yeah. >> this is a first-term president that accomplished most, he is right on that top tier list. i think he was very comfortable, even though he didn't like to lose, he was a person that competed all the time. you say where there is fire, nine people run out and one person runs in. he is the one person that runs into the fire. i think that is recognized by the american people and the

world this week. it is well-deserved. connell: live pictures you're looking at from houston, texas here, early afternoon eastern time and late morning central time showing the crowd gathered at ellington field to bid farewell to the former president. air force one, or special mission 41 the jet has been designated today, will be taking off moments from now. former chief of staff to president bush sam skin letters served as transportation secretary. has been kind enough to join us here. you're talking about his legacy. i know that you mentioned, many others mentioned it in terms of what he accomplished in foreign policy. whether it be the gulf war, so many other, the end of the cold war of course. and so many other accomplishments, not only when in office as president but time as vice president before that, in the cia. his time in china as envoy there. he is remembered for that,

rightfully so. what about domestic policy? that is one of the reasons looked upon that president bush didn't get a second term in office but i know people close to you look at more of his domestic accomplishments in a more favorable light. what do you most remember there? >> i remember the americans with disability act. i want every american when they see a ramp, choking up a little bit here, see a ramp, see bathroom been facilitated because of george bush. connell: he got that done. >> he knew people with special needs needed special care and he drove that bill. connell: yeah. you can see you're emotional about it, understandably. >> a little bit. connell: yeah. i think the nation feels a loss after a life that was so well-lived but on a personal level i'm sure you feel it as well. did you stay close to him after he left office as well? >> i did. i had the opportunity to spend

time with him last summer up in maine. he was always in good spirits. he was a wonderful sense of humor. some of his joke as the lo of us don't get but they're funny to him. he loved to tease, self-deprecating. so many stories, he is a man of honor, we played golf. how much do i owe you. mr. president, you lost two dollars. my mother said never complain and always pay off. he said to an aide, do you have two dollars. i don't know i ever got paid but that was him. connell: that is funny. >> he was thinking let's do it the right way, do it the honorable way, do it with integrity, let's care for others, let's care for others. the military he loved. i see the military down in texas. of course he loved texas and of course what it meant to him and what they did for him. texas loves him.

i think of the military. he loved the military. he was one of them. wherever he went he always talked about the military and their service and the sacrifice. of course his sacrifice, i think he, because he almost was captured by the japanese in world war ii, just seconds away, i think he always looked back on that he was blessed to be alive and that he had an obligation to take care of the military, take care of our country. i think that changed his life when the submarine pulled him out of the water. connell: i'm sure. i'm sure. like many in his generation didn't talk much about that. maybe later in life a little bit but obviously it would change your life. funny, from people as we watch air force one is beginning to, it will be taking off moments from now. come out of camera shot for a moment. we'll probably get it back. you will watch it flying back to

washington. didn't talk a lot about the war years. that was not necessarily unique with him. something many of the greatest generation were known for. >> they don't talk to me about it a lot. he talked to me about it a lot. of course we knew what he did. we talk about flying, we watch air force one i asked him he was navy flyer, navy a aviator he never talked about flying afterwards. shortly after i got out of the terri you i flew into someone with airport, basically what they call zero zero. he barely made it in. this is message, i'm never flying myself again. i dodged death device. i'm not trying it the third time. he never talked much about flying or aviation. he talked about the people he served with. connell: right. >> what he did. he remembered those of the crew of his tbm that didn't get back. that is why i think he was so

revered by the military. u.s. navy has a aircraft carrier knaved after him. he is beloved by the united states navy and the navy loved him. he loved the army and the coast guard which i had a chance to work with the transportation department. he loved the coast guard. he loved all the services but be honest he loved naval aviation first. connell: thank you for your own remembrance, sam. >> thank you for having me. connell: sam skinner, former chief of staff to president bush 41 and the body of the former president on its way back or way to the nation's capitol where the entire nation will be able to remember and mourn this leader for the better part of this week. ♪

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connell: back to the other big news stories of this day and trade is the focus for markets. truce but no deal came out buenos aires this weekend with stocks in rally mode to start the week. president trump and president xi reached a 90-day truce it is being described after the president tweeted about the possibility of tariffs being removed by china. put that all together, the market is up. the dow was higher by 441 points at its high of the session. it is up 183 right now. blake burman at the white house to sum it up for us. hey, blake. reporter: going into this thing, one of the expectations one of the questions going forward will there be a deal on one side the spectrum, no deal or no movement on other side of the spectrum or kind of in the middle would

there be a truce? it is that middle ground appears to be struck between president trump and president xi coming from dinner saturday night in buenos aires. a three-hour dinner which trade was much of the talk there. the president describing this as coat quote, a big leap forward. many administrations we've been hearing throughout the day describing in those terms, that this was a big moment in the trade relations between the united states and china. you talked about that 90-day time frame. that is really what everything, or at least a lot of this is going to boil down going forward. because over the next 90 days, u.s. and china will negotiate on these issues. these are the top line issues. forced transfer of technology, rather. intellectual property protection, non-tariff barriers, cyber intrusion, cyber theft and services and agriculture. the u.s. says that the chinese will be buying more ago -- ag

products in the interim. if they can't be negotiated but comes the tariff threat from 10% to 25% on 200 billion-dollars worth of tariffs already in existence. larry kudlow in a little while ago speaking with stuart varney said we won't get it all in 90 days but he said many of the items they are negotiating on will be seen in the near future. watch. >> in the 90 day period the president is discussing and president is suspends the 25% barrier. we should see that pretty fast. reporter: kudlow says we can't see this meander, meander past the 90 days. the president tweeted out this morning there is movement as relates to auto tariffs in china, china agreed to remove tariffs on cars. china hasn't commented on that. when treasury secretary steve mnuchin was asked about it earlier today he described this as quote, a big opportunity but also said there is a lot of work

to be done in the next 90 days. the next three months, connell, give or take will sort of determine whether or not this truce is temporary or permanent. connell. connell: hang with me for one second, blake. i want to hit a couple key points so we're all on the same page because some of this is confusing. on the car tariffs we don't know for sure whether that is 100% that is going to happen. i understand that let me actually ask you blake, do we know, i think this is important as at least, do we know who is leading talks from here? reports are lighthizer the trade rep or being involved with mnuchin or president is really in the lead. do you we know who is leading it from the white house perspective? reporter: the white house says there will be further discussion. treasury secretary steve mnuchin confirming that earlier today, there will be further discussion between president trump and president xi. so at the top line level this is going to be a president to president discussion. connell: okay.

reporter: over the upcoming month. remember in president trump's tweet today said or over the last couple days said, it is him and president xi, those two who can strike a deal. there are many members within the president's team, top advisors who will be working on this no doubt about it every single day, every single week for the next few months. even in the president's own words. connell: palace intrigue whether navarro or lighthizer. probably, top two guys will decide. one more quick thing, headline on the wires after kudlow interview, talking about ballpark, ballpark commitments of over $2 trillion from china. would you know what he is referring to? is that the amount of product that they would be buying? reporter: not entirely sure. there was gaggle as i was getting miced up for the show. connell: that's okay. reporter: what are the tangible benefits, what are the dollar amounts, exactly, how will it

all filter through the system of even if kudlow did put that number out there, connell, i expect this would take some time to sort of filter through. connell: thank you, blake. we appreciate it as always. blake burman on the north lawn. we have rebecca wallser and john layfield as well. we have the hashing out what i could from blake before we got to you guys. we're up 441 initially on the dow. we're now up 200. what do you make of what was hashed or not hashed out in bay e buenos aires this weekend. >> very -- i think the chinese right here are killing the clock. they lacked specifics. when you talk about car tariffs coming off in china. gm produces more cars in china than they produce in the united

states. they're not subject to tariffs. china gets 25% waived they would rather buy us from us than brazil. i think china overestimated their hand with just as we overestimated ours with them and our economy is faltering and we're politically divided. connell: both could use a little bit of help you're probably right on the growth side, which heidi, it would be your department. the president moves into an area, president trump if growth is slowing down in the united states, if you can take this trade concern, not off the table but at least put it on the backburner for a little while, maybe 90 days, maybe there is another extension after that, at least you're not hurting growth any further, right, by going 10 to 25% on the tariffs? what is your impression what happened? >> connell, you're exactly right, you're not hurting growth any further but it is important to remember the tariffs are still in place in addition to the 25% tariffs on steel and 10% on aluminum. so i think at the margin there is no more negative impact that

we can see, but don't forget, it has yet to trickle through into the data. these tariffs were largely just implemented in september. so i think the jury is still out in terms how much it will impact growth particularly heading into 2019. connell: heidi, have you done any work, rebecca in a second, have you done any work suggestion if we went from 10 to 25, you're kind of overriding the good news that came out was already baked into the cake so to speak because of tax cut or any fiscal stimulus, anything you might add up in that department whereas if you stay at 10%, economic growth won't be hampered as much? some of that seems obvious but have you done work in terms of figuring out the math on that? >> well i think it is important to keep in mind any of the impacts we've seen from last year's tax cut by and large, the marginal benefits are going to be rolling off, just because this was something implemented

at this point last year. so, i think that impact of the 10% still remains, remains to be seen. but i, you know, clearly, it is going to eat into some of the good news we saw last year. connell: right. rebecca, let me go to you on this, as blake said, larry kudlow was speaking to some reporters after he finished up with stuart in the white house driveway, another headline coming out of that now he says china terms of rolling back the auto tariffs kudlow assumes that that means that they will roll them back all the way. we'll see on that. i don't think any of that has been confirmed but you got this 40% tariff on cars coming out of the u.s., going into china. company like tesla, one of the companies make cars here still, they're building a plant in china, but haven't completed it yet, they're getting hammered on that, that would be good news for them, to some extent for ford. rebecca, what do you make of that? >> i mean obviously that is huge. obviously we're seeing impact on tesla's stock up today as well.

you know, connell, the thing is, that we have to give president trump some credit here. we have had 40 years of really non-active trade situation with china, and this is the "art of the deal" coming to fruition. i see president trump upsetting the applecart. i didn't think china took him seriously in the beginning. they didn't think they would have to negotiate with him. they were waiting to the midterms what they have to do with this president, now they see, they realize, neither one of them, neither the china or the u.s. are hurting enough to come to the negotiating table to make a deal. but 90-day pause will basically allow to us negotiate something. i can't wait to see what it will be. got to be something better than what we've had. connell: interesting, john, puts us into 2019, you made the term, chinese using, run out the clock. which clock, first term of president trump, is that what you're referring to?

>> yes, i believe so. china is not feeling effect of tariffs. i think we're feeling a little more. soybeans sitting on barges in ohio river that can't be sold sitting there rotting. china some is frontloaded. they are -- connell: economy is slowed. growth is not what it was, so. >> not a one for one correlation, connell. the economy is slowing because of structural problems with the economy. their gdp was up july through october. exports were up july through object. some is front-loading. so they're not feeling effects of the tariffs. china feels they hold a winning hand here. connell: they hope they get a president -- they might not, heidi. number one. president trump could win again. and be reelected, number two, whoever beats him, if he were to lose doesn't mean they are friendly president than china? do you agree that is their strategy, drag this thing out as long as possible? >> i wonder what will happen at the end of 90 days. expectations are set we'll see

some type of resolution. i don't know how likely that is given talks have been going on more than a year at this point. really we haven't gotten very far. there remains very substantive issues need to be worked out over the next 90 days. so i'm not sure how much progress we'll see. i think perhaps that's one of the reasons we're starting to see the rally fade a little bit today. connell: solving things like intellectual property theft. we haven't done it in years. seems like solving that in 90 days seems unlikely but you build toward another extension. the markets are up a little bit. we're up 230 on the dow. don't know if kudlow headlines. we're going back and forth. up as many as 441 points earlier. overseas, gas tax protests in france. this is something to watch the last few weeks but especially this weekend when things spiraled out of control. how emannuel macron's environmental agenda really turned on him. we'll talk about that as we continue.

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connell: more news on trade. we mentioned what happened with china over weekend but on his way back, president trump is threatening to rip up the old nafta agreement and putting pressure on congress to pass the new agreement in place usmca. phil wegman joins us. the problem, firm, what if they don't and we're left with nothing? how do you see the whole thing playing out? >> what trump has essentially done rewrapped nafta. there are changes yes on the margins but he rewrapped nafta

and handed it to nancy pelosi. the problem she has every incentive to kill the trade deal. democrats want more protectionism in the final package. democrats will not want to let trump have a trade deal to run on in 2020. so chances are good pelosi lets it wither and die on the vine fine in 2018 at end of bush administration. connell: back up for a he can, explain to the best of your knowledge how this would actually work? if he says we're getting out of nafta, that start as six-month clock, right? >> that's right,. connell: where congress would have to vote on this new agreement. if that doesn't happen in the six months runs out, then what? >> we return to pre-nafta environment where the united states is making individual decisions on what to place tariffs on, what type of duties to impose at the border with mexico and canada. it returns to the earlier 1980 basis before nafta. that is something analysts on both sides don't want to see.

connell: that could be a bit, let's see, chaotic? could be, right? >> putting it simply. putting it simply. connell: president says, that was good back then but, you know, it really wasn't. it would be a complicated situation for businesses by the way. and governments that are just so used to the status quo. to your earlier point, this whole new usmca thing, there are changes, but a lot, at least the same mode of operating they have been used to for 20 some years. >> very true. so something very interesting, the president has actually gotten two different parties to agree. general motors and united auto workers, they both agree they don't like the new nafta plan but for different reasons. the nafta plan would impose different requirements 75% of car parts made in the united states and 40% of workers would require $16 minimum wage. uaw came out friday said they didn't like that. last week he saw gm on top of protest of tariffs on steel,

they also gave their answer when they shut down plants in michigan, ohio, and maryland. >> that's true. >> there's a long way to go. going to see both republicans and democrats trying to get the best deal they can. they know if they don't it, does return to the pre-nafta environment. connell: other thing i'm not 100% sure if they make changes, and president realizes changes need to be made in order to get democratic support or maybe republican support because this trade thing is hard to predict, but if they do make changes, then what? they have to go back to canada, mexico to do a new deal or how does that work? >> congress gave the president fast track authority on this different amendments will be voted on up or down. it will be less of sort of strategic hurdles in the senate when they deal with other pieces of legislation. obviously mexico, canada, they have to come back to the table before a final package is actually agreed to. so what we saw when president trump actually, signed that new nafta agreement, it was purely

symbolic. there is a long road ahead before any trade agreement is actually finished. connell: everybody getting all excited about china. hold on a second, i thought this nafta thing -- phil, good to talk to you. >> thanks,. connell: concerned about getting excited about china, whether markets are prepared to lift off, it is on backdrop of politics except for a race in 2020. at least what a lot of people are saying. charlie gasparino joins us now. obviously the other thing, president tweeted about this a bunch of times, you got the mueller investigation. >> your last guest laid out why wall street is really confused. you see the market gyrating all day with china, whether we have a deal, don't have a deal, nafta, whether we have deal on that, they're completely perplexed when you talk to major investors and traders what his trade policies really are. i will say this, there is a cottage industry in washington deals with hedge funds and large traders. they try to watch, figure out,

provide hedge fund and major investors information where legislation is going but also on trying to read trump's trade policies. connell: like scenarios. what most likely to happen. >> i spoke with at least three of these types over the last week, they can't figure it out. that is why you see the stuff trading all over the place. obviously what they're praying for, if you were a major investor you're praying for a deal, a nafta deal. you're praying for a china deal and praying for it right before the 2020 election campaigning begin which is essentially this summer. this summer is when the campaign kicks off. remember when trump came down the escalator, announced his presence, i believe it was july. connell: 2015. >> 2015. like right around then is when you start campaigning. so that is the same situation right now. they're hoping for the trade stuff to sort of subside, some sort of certainty. because if we don't have certainty with this, the markets

will gyrate all over the place and it will hurt his election chances by the way. connell: that was going to be my next point. seems like he realizes that. maybe he is more likely, if growth picks up again, for example, more likely to really hammer china whereas if we're still in the story of the day is kind of like wow, things are slowing down, he is more likely to make a deal with china? >> i will say this, his heart of hearts, listen, there are two sides to trump's brain reflected in the administration. there is the larry kudlow, steve mnuchin side of his brain. peter navarro, some extent, robert lighthizer part of his brain. connell: that is where his heart is. >> his heart is with navarro and lighthizer, trait hawks. they are trying to tell him there is political reality. political reality is, economy could slow, which it probably will. tax cuts may not produce bang for the bucks. plus a trade war, that will trash your 2020 election

chances. he is turning around, listening to peter navarro, china taking us to the cleaners. they're pernicious. they want to rule the world. you got elected because of your base which loves the hard-line on china. keep going there. who is going to win that i can't tell you. you know, donald trump doesn't act rationally a lot. he reacts. connell: this bought him some time this weekend. if he is acting rationally he could have said to himself you know what -- >> you saw kudlow dot rounds to sort of spin it in a way we're heading for a deal. in reality, there is not really much here in terms of a deal. but no one knows. there is, there is no meat on the bones here. this whole thing with nafta throws another monkey wrench with it. that is why people are literally having a debate trading stocks where trade is going. listen, the rational person is saying he is bluffing, he is

going to cut a deal right before he starts to run, the markets will go crazy, it will help them. donald trump doesn't always act rationally when it comes to this stuff. connell: this issue versus other issues, people i speak to look at differently. if this was foreign policy issue, you might go back, he doesn't have a strong feeling either way. he will act, this issue he has been like this for 35 years on this issue. >> this is sort of interesting about it, if he were really wanting to screw china a coherent way he would be doing this with europeans, with other trading partners, putting a coalition together to screw with them, particularly on intellectual property. connell: take off the aluminum tariffs. >> instead, what did he do? he went to war with europe in a trade war. this is dicey thing that has the markets, now we're trading off again, has the market scared. i can't tell you where -- i'm telling you i had three of these outfits from washington asking me my opinion where i think he

is going. i gave them this scenario. the snow yo one side of the brain occupied by navarro and other side, kudlow and mnuchin fighting over each other. in heart of hearts he believes in navarro. they're trying to say, think rationally about. i don't know where he will come out. connell: we were up 441. now we're up 228. >> nice. i sent the market down. connell: no, not in the last ten minutes. the whole day. >> it started down when i was talking. connell: we've got used to that thank you, charlie. in a moment, tech company valuations we've been talking about, it is three-way race. amazon overtakes microsoft. amazon, apple, microsoft, alphabet or google. more in a moment.

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connell: from france as we continue to follow the unrest in that country, new information coming in concerning the french president emannuel macron. reports are now he asked to postpone a planned trip to serbia so he can deal with the protests, mostly over the increase in the gas tax that have been happening in his home country. lauren simonetti in the newsroom with the latest.

>> connell, those protests turned violent as well as deadly. a state of emergency is one option on the table to deal with the unprecedented protests in france. they have been going on the past three weekends. another is scheduled for this coming weekend. they left the street of paris as a war zone. they were organized as yellow vest movement to protest president macron's taxes on fuel, which he says are necessary to combat crime mat change, they are morphed to the general feeling that the young leader is out of touch with ordinary citizens struggling to make ends meet. not only have the demonstrations become dangerous and they have affected business. revenue for hoteliers and restaurants is down some cases 50% during the critical holiday season. in addition if you look at instruction struck, key roads are danned or blocked by protesters. these are the worst disturbances paris has seen in a generation.

they're bringing people from across the political, economic spectrum together complaining about inequality. pretty severe stuff. connell: macron is under political pressure. in buenos aires for the g20 but there are indications he is postponing foreign travel. russia, saudi arabia, agreeing to extend production cuts, 52.49 is where we are with crude oil. we have katy stockton is our guest now. you look at these things from a technical perspective. what do you make of the gain today, katy? >> it is nice to see it finally gap up really has been a prolonged, persistent, corrective phase. we have a short-term momentum buy signal on today's moving crude oil. that would suggest it continues over the near term. however within the framework of a long-term momentum cell signal. there is sort of conflicting

readings depending what time frame you're looking at. looking for a short-term up move but something might fail in the high 50 per dollar barrel range. connell: 53 or just below it right now, explain a little bit what you mean by that because the downtrend we've been seeing has been in place for multiple month, right? >> right. that is the loss of long-term momentum that we've seen. really only improvement over the very short term in our measures, resistance on the chart of crude oil is 57 1/2 dollars per barrel. i do think we've seen a bearish reversal over the last couple months in crude oil. so now we have to look at these up moves as countertrend in nature and countertrend moves as you can imagine are more often short-term in nature. they don't tend to be lasting and there is resistance in the wake of that corrective phase. connell: if we get from where we are now, 52.50 up to so-called resistance lies, 57.50 or slight

what is the key to look for? usually some sort of a fundamental change, news flow change that decides whether we break through that or come crashing back down? >> i'm looking for supply and demand for wti in and of itself irrespective of the fundamentals picture. what we would expect in the 57, 58-dollar per barrel range would be a short-term overbought condition would then impact short-term momentum as you can see today certainly improved. connell: that would be an overbought condition. everybody was saying seemed like for weeks we would get down to below 60, then 55, then once we got around 50, we broke through 50, people are saying overand over, this oversold, at a few bucks higher than where it was. where, how are you looking at it on the way down? were you surprised it went down as far as it did, or did the whole thing make sense?

>> i think i was surprised how persistent the decline was. we got a relief rally over couple months that part was very surprising. when you don't see that reaction to a oversold condition when you tend to see the bearish reversals occur. the oversold conditions were persistent and didn't generate a oversold bounce. that was a message from wti crude oil. on the downside there was support levels every 5 to $7 a barrel. the recent one is $50 a barrel. that in part is due to the psychological significance as round number. connell: we hear people tell us all the time dow numbers don't matter, dow 25,000, but sometimes i guess they do? >> i think with the dow as one example of a major index for equities, i just don't think as many people watch it anymore. so the levels are really more important for the s&p 500. connell: right, but the round number in crude oil, that 50 does matter to people.

that -- >> i think so, wow, 50 bucks. so, katy, always good to see you. thank you for coming on. >> you as well. connell: we'll watch this. see what happens. we're up in stocks after the trade, quote, unquote trade truce what we're calling it in buenos aires this weekend. we're up more than we were before. the dow was up 440 points. now it is up 223 points. we'll see if we hang on to that throughout the day and into the closing bell this afternoon. the oil price plays into that as well. seems like they're moving in unison, when you're optimistic about growth or at least less pessimistic about a growth slowdown, you see oil bounce back as it has today, katy and i talked about with 3% gain. we'll talk about all of that, when we come back, talk about what is next with china. we know sort of what happened this past weekend, starting to get an idea what was discussed but the big thing when we, talk about what's next, can we trust

the chinese to follow up on the promises or the commitments that they made in buenos ares? as "cavuto: coast to coast" continues into hour number two. we'll be right back. the .. ♪

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>> promises in the past from china. the promises have not worked out. in the spirit of goodwill and again president xi's amazing

presentation to president trump saturday night in a positive optimistic spirit we have strong expectations but we must track this. connell: that's an important point larry kudlow makes speedway must track the spread of chinese have promised in the past will they deliver in the future. some optimism among others the monday after the trade truce over the weekend. we have the dow and s&p positive for the year now. investors wondering whether the annual so-called santa claus rally is on the way. now up to 40 after being hired by 440 earlier. quincy crosby joins us. anything we were up so much more earlier than we are now making you read into that? >> absolutely. some of the balance early this morning our markets open. and of course the futures market. some of it has to do a short covering. being forced to cover their shorts. what we're going to pay

attention to is how do we close. do we see buyers continuing to sell into this rally or do we see buyers coming into the rally into the market close. that would be significant. since this market has been turning down, normally what we've been seeing day after day inspire selling into it and it doesn't mean you go negative for the day, but you go lower. >> exactly. that seemed like after the fed comments last week an add-in i think we got the best he could expect. is that fair this weekend? we talked to so many people. the most optimistic you get something like what they got, which was this trade truce. no one was expecting some big deal to be signed, sealed and delivered boys now bought ourselves some time significantly higher than solve up a little bit. when you make of the action quickly subscribing? >> well, it's interesting when you get a 500-point swing as he had nearly earlier today, that

only represents 2% of the market. for all the talk about trade i believe people are looking forward into 2019 insane what kind of earnings growth every going to have? we still have corporate tax cuts and play. we still have a lot of the deregulation that trumps administration has stalled and play. and then we have the? about trade. i always look at ceo confidence of the forward-looking indicator and that it was sky high a year ago and it's come back to earth, but it's still on the whole above normal and not good. connell: don't you think of it went from 10% on most tariffs of up to 25% we could have wiped out some of the positives you mentioned whether it tax cuts are due regulation where as if we set it 10%, that positive is kind of still dare that we avoided that scenario of these for now. >> yeah, i haven't seen the

news, but the psychology would verify that. if you look at why ceo confidence headed into the future is subordinate the egos are making decisions today about whether they're going to deploy capital for any number of things for expanding their workforce, raising pay, and investing in a plan and if they're worried out there, they're going to pull back until the clouds clear. >> how do you read because you're connected to a lot of business leaders as well, their mood right now. >> i agree completely. uncertainty is difficult for the market itself, but for ceos, cfos they would rather hold back until they have more definitive information. in fact, the fed is now said that one of the things they were worried about was a slowdown in business spending, business expansion. three months of a slowdown in terms of his nest expansion.

that was the very area we needed with the tax cut to have companies start to span -- start to feel good about the future. it's not as if they're negative. they're just holding back. >> i do know for going to get any resolution, especially in terms of trade and maybe we do in the fed but i still think the two are kind of link to each other to some degree in terms of how tough the president may be on china given what the outlook for growth might be and how the fed might react to all that. guess it is quote, unquote good news that we have these 90 days for negotiation, but i just have this weird feeling that after 70, 80 days and will be doing interviews about whether or not there is an extension as opposed to some sort of a deal in place. >> well you know, charlie gasparino a few minutes ago talk about there are those lighthizer and peter navarra sitting on one shoulder and steve mnuchin and

larry kudlow on the other shoulder. at the end of the day i always end trump wants to be seen as successful if he's going to run for reelection in 2020. success means the market that doesn't crater in an economy moving forward. >> that's true. you were going to say? >> along those lines it behooves both sides to move forward with this. the chinese economy is slowing before the trade issues are hovering over their market and the economy and for the president, you want to see a continuation of spending on the part of corporations. they would feed into many sectors in the economy and that's what he does need to get a momentum moving in towards 2020. >> good points all around. we appreciate both of you coming on today. getting to the trust back her now when you heard larry kudlow talk about it a little bit. the bush 43 secretary of state robert charles to talk about it

more. we are remembering former president bush. i believe you are cannot white house, the bush 41 white house as well. there'll be more of those remembrances later on today. thank you are coming on today. good to see you. the comments from kudlow that we played at the top of this hour about five minutes ago are somewhat telling because he's obviously trying to but the best spin on what happened over the weekend that he was quick to point out with credit check is. i'm sure your own experiences are to be able to shut in light from your own experiences. china said some stuff in the past it has exactly followed up a remark of quick note on that. i draw a little more optimism out of that exchange and i think the president is transactional. he's always been looking for a move forward and misrepresents the move forward. a vector paths for a moment to give you insight into bush 41. me personally i feel that this week is going to really in many

ways give us a chance to reflect on the goodness of the president who i think in many ways is the very epitome of selfless service. it would be a pleasure to tell a sense of humility and mission orientation made him and ronald reagan a successful president. just a wonderful example for all of us. connell: what the best one you would remember and maybe would relate to the conversation we're having in terms of foreign policy or trade relations and/or negotiations with other countries. >> and how come i think the way president george herbert walker bush dealt with people one-on-one, whether they were the leader of the country or whether they were someone like me, staffer in the white house with sincerity and it went a long way. when i first got there as a young staffer, we'd be giving these speeches that he was going to give. if -- of course that was in the

middle of a desert shield investors aren't. if she was going to be on a base somewhere i would insert a line about his naval career because you know he delivered a payload from a burning plane in the pacific and were shot down. they never showed up in the speeches. humility was just profound. one night it went down and talk with the chief speechwriter and said why he never put these things in the speech. he said the bottom line is after you've gone over three or four times and president bush quietly took out a red pen and drew it through the words that were favorable to him, you stopped putting it in. the bottom line is this is a president who either knows -- either believes the american people knows he's a war hero for not his right to tell them. just a man who put people first. frankly whether that's on the international stage for the white house is out, you know that people do care about people and he truly cared about his

people. stranger that it's a good story specifically with regard to china in the think bush 41 or bush 43, it is interesting to be talking about their presidencies were having this discussion in the 70s and the kind of first envoy after that was george bush and he honestly spent some time they are but then even going back to the time he worked in the worked in his son's administration, george w. bush administration, for the wto, normalizing trade relations 2001. how do now that we've gotten towards the end of 2018 specifically do you reflect on not into the first point whether we can trust the chinese in these negotiations. >> i think every president leave in the time they are there to lead. what president trump has been saying in many regards as we need a correction here whether it was wto for tariffs or the way we think about free trade.

i think this is not the end of history today and it's not the end of history tomorrow. it is the evolution of a more fair and balanced trading relationship in the president is putting the american people first. his style is very different from george herbert walker bush style. but you now, at the end of the day, every president comes to a new world. not the one whose predecessor or his predecessors or it is a sad and he has to deal with that. connell: if i did go now but i was thinking the issues haven't changed a whole heckuva lot whether it's george w. bush or maybe a little bit from george herbert walker bush in the 70s. even then they were talking about similar types of issues of trade. >> while you have a communist country was a big trading partner. connell: good to see you as always. thanks for coming on. president trump in the meantime, one of things he said after buenos aires after buenos aires is the wood river field nafta

agreement even before there's a new one. usmc a voted on by the congress to give them leverage of the congress will talk about that coming up. plus fires, looting and violence all over increase in the gas tax in france by the country's efforts to combat climate change seem for the leader, emmanuel macron to have backfired. we'll be right back. your insurance rates skyrocket after a scratch so small you could fix it with a pen. how about using that pen to sign up for new insurance instead? for drivers with accident forgiveness, liberty mutual won't raise their rates because of their first accident. ♪ liberty. liberty. liberty. liberty. ♪

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connell: sort of obviously talked about china already today. the other thing from president trump this week and on its way home from buenos aires was a threat to just get rid completely a field nafta agreement even before the congress has approved a new one coming usmc would start a six-month clock in things to get interesting. former white house press secretary ari fleischer is here with us. good to see you, sir. this whole idea of where the president operates as a string of the pressure on the congress pretty wonderful work. >> is the way business people operate. if you don't have the hard sideline. bob hunter dropped out event. so if there is no deadline for when nafta goes away or if you don't want extend anyway the

president's proposed, let the status quo continue forever. because i don't do it that way. i think he's probably right. connell: he probably is. the riskiest financial markets which are in a good mood for lack of a better term for what was in place over the begin a little bit jittery with uncertainty whereas maybe are putting pressure on democrats in congress but the markets want to say i thought this whole nafta thing was rearview mirror stuff. >> i try to be fair to president trump to study what he doesn't say why he looked at him the way he was selected to be. the press doesn't like all these changes. the washington politicians don't like all the changes. they all prefer stability. along comes the outsider. the bolt in a china shop brings with him everywhere he goes there sometimes is the most effective way to change washington. you have to do that otherwise you submit to the status quo.

this is trump's operations and i can't fault them for it. >> how he handled the deal. nobody's saying that he does. he's bought himself some time for negotiation would you make of the way he's handled that? >> the exact same thing. no other person politics with go in and the trade were to accomplish a bigger goal. connell: do you think you spooked a little bit? >> yeah, and -- connell: did not inform the way he handled negotiations? >> when you look at the decade-long his jury, he doesn't get spooked. he wants to win the fight as a politician he preferred the marco enough. this is about his relationship with president xi. he has a personal report. temporarily to the good. >> those personal relationships

are obviously a lot, but i'm sure you saw it the personal one-on-one relationships matter. we get caught up among talk about this in a minute when we get into china but we get caught up in peter navarro, but what about -- >> ultimately comes down to the decider in chief. the president of china saying hamon give you ask, y and z. even if the subject to negotiation, but is powerful. then of course you're going to be right back where we started here this is how it works. connell: the president might be more likely to cut one of those deals without checking sometimes. i want to give you time to reflect on the death of president bush as the country remembers bush 41 today. what are you thinking about? >> i'm pretty sure george w.

bush and just to give me a not a boy. doing a wonderful job for her country. keep it up. how nice is that. so much we've been hearing we know about the president benevolence and kindness. connell: when president bush was interviewed by 60 minutes and he asked about that in a cut them off right before the question was finished, what advice did he give any set i love you. it wasn't about necessarily the policy advice all the time. even when his son was president. he was just there. >> i was press secretary to then i've been on numerous occasions since he left office and people ask him what did your father advise you. he gave me unconditional love.

he didn't give me advice on how to handle it. it was love. connell: not that many people saying things like that. the father-son presidency was unique. >> they really care for each other. the other tidbit here is george w. bush used to say don't forget i've got half my mother in me. connell: was more like his mother? he was the towel snapper. but he had the grace and the dignity of his father in the quick wit and willingness to mix it up inside a little like his mother. connell: in one of his father's interviews i was rereading this weekend to give both of his sons credit for being more astute politically in terms of connecting with people, both jeb and george w. that he was. no question. one of the things i have to

point now. many were praising him now are the ones who uses the same issues to criticize when he was president. back then he was out of touch they used to say when he was in office. cell service to the country. i'm glad they're getting it right. good to see you today. thank you very much. we'll take a quick break. the market is up today. continuer member incentive president george h.w. bush as well. we'll be right back. half the s? at t. rowe price, hundreds of our experts go beyond the numbers to examine investment opportunities firsthand.

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connell: so the clock is

ticking. it's really, really moving fast as you see on the screen. congress five days away from what would potentially be a government shutdown. some things could change predecessor edward lorenz with where things stand. >> some things will change their looks like congress is going to accept a two-week extension on that congress saying they would honor president george h.w. bush. there will be no vote this week in congress in honor of the late president. president donald trump floated the idea of the two-week extension when he got on the plane to come back energy 20 summit. lawmakers are saying they will indeed do that possibly on thursday or friday of whether presidents those same in the two weeks he would like to see a $5 billion added for a border wall or after the two-week. he would shut down the government or partially shut down the government. people on the border wall who work at the border say they do need that wall.

what one border agent had to say to "fox and friends." >> definitely. we need that barrier. last weekend's example in san diego with the old barrier not not -- the president has been supporting us from day one without requirement. >> a $5 billion may be an uphill battle in congress. in the senate you need 60 votes. that means democrats have said they will not support this. chuck schumer saying he told the president to be happy and settle for the $1.6 billion they agreed upon in the spending bills. incidentally on the farm bill there was a breakthrough last week with republicans in the house and democrats in the house with the framework on it. however that does not include what republicans wanted to attach work requirements to food stamps. connell: little more time to search by no resolution.

back to breaking news on the trade front. larry kudlow all over the place today. he may have seen them at their friend stuart varney. he was in the driveway interviewed by reporters and raptors a conference call with reporters on the g20 from the white house and obvious ways among other things were kudlow has confirmed your in the last few minutes is the u.s. trade representative robert light eyes are we'll be taking the lead under the president in the negotiations with china. he believes immediate action by china. if you saw those stuart interview. he says he believed that will include a cut in the terrifying vehicles produce and i'd days. that seems unclear right now. the president treated about earlier. francesca chambers covers the white house on the north lawn and was on that call with

reporters. first of all what was your take away from the call with kudlow in the big points he made. >> cautiously optimistic sagging that a deal could happen between the united states and china in the next 90 days. it's important to note by the way the 90 day cost starts on january 1st is though taking place before april 1st. it's not clear what president trump would do on april 1st. a statement that the white house sent over the weekend stressed he would most likely increase the tariffs on china this morning to say specifically that's exactly what's going to happen. the white house really tries to give room for these talks to take place right now. connell: so he wouldn't go past the 90 days you're saying. >> he wouldn't go past the 90 days or what was in a statement put out by the white house over the weekend. connell:.make sense. from their point of view they

want that to be the story today for markets and everyone else. what's going on with the auto tariffs? resident trump attitude last night and i'm quoting him, china's agreed to reduce and remove tariffs on cars coming in currently tariffs 40%. that wasn't in the release that came out of buenos aires so we are wondering is this something new, something that was just talked about. what did larry say about that you know? >> of course the white house wants to see immediate action on that front. all the fronts with respect to trade with china. he really made the point that dinner to place on saturday evening. tough talk was essentially what he said. also secretary mnuchin spoke an outsider does he made it sound like immediate action could be taken. peter navarro would not go that far, so even within the white

house that the president talked about. >> that doesn't seem to be 100% clear. in trade with negotiations going on behind closed doors is difficult to know exactly what's happening. >> and none of parties as you were pointing out. larry kudlow is not meeting those talks. connell: lightheaded as there is the trade route. he's a u.s. trade rep and he is seen as one of the hawk when it comes to china. unlike peter navarro, the way the markets would look at these very experienced in negotiations with foreign countries and has cut deals in the past in many positions. with that said he's known as a hawk. easily be made for talks as opposed to a mnuchin. light eyes are in charge from here on out. >> very clear about that, but light eyes are who's in charge of this round of talks.

larry kudlow specifically saying they have taken him. at the same time saying there is apart in the past including this year. but they again are optimistic that with lighthizer in charge. the talks have gotten further than anytime in the administration he can potentially bring a deal home. connell: the chinese would think we have to keep that in mind from our point of view. good stuff. thanks as always for coming on. we appreciate it. francesca chambers, daily mail the white house. the protests we've been following over in france, look at this, really gotten out of control especially the past week and. this has been going on for a few weeks. an idea sounding good until people start feeling bad idea. gary b. smith joins us now. would he think of that? we raise the gas tax better for the environment and this is one of the ways we can pay for some of this often people say not at all. it's getting really violent

there. >> exactly. i actually think, connell, this has become more than a protest against the gas tax. you have a country that is stubbornly held 10% unemployment. could you imagine if the u.s. had 10% unemployment just ongoing and ongoing. on the flipside he had have a government well over 50% of the gdp. so that people are guests in the micro they are protesting the gas tax. what i think there really protest and like many european countries they've become addicted to the government kind of controlling the economy. and with such high unemployment people are saying we are fed up with this. just about the wealthy. you're not taking care of the common person and then the gas tax of pores, which hits, you know, poor or working-class people mourn is certainly another amber on this big fire.

connell: we should look at your probably right in the bigger picture. if you do that, the french president and manual macron is not the most popular guy in the world right now. his approvals have been low and then he deals with double unrest the last few weeks. to make it even more big picture if you put them in the context of what's happening in other places in europe including italy, including the u.k. with the brexit though coming up, what is our interest now? what is mean for global markets do you think? >> you know, anytime one of these countries go through a period of unrest, two things happen. one is in the short-term it rattles all the market. in the longer-term i'm not sure it's that big of a deal. we lived through greece. we're kind of currently living through italy, but you know, between us and china, we are almost it was a totally, but the world economy so we can absorb a lot of these little hit. the bigger point i want to make

it says. government spending here is 35% of gdp. we've now seen in this european countries that a lot more socialistic when the government comes a bigger and bigger player like it did increase, like it is in italy candidates in france, people become addicted to what the government gives out. as our entitlements grow in government spending grows, it is very easy for people to start to protest tariff unemployment because the government should be doing something. that's my concern as we move forward. >> you don't think about that as much. it's a warning, be careful. good to see you. gary b. smith. let's go to tech stocks for a moment as the market rallies today. many tech stocks have been doing well. one of the headlines has been produced. amazon back in the race in terms of being the most valuable company in the world. there's like a standings in sports right now.

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connell: the middle of everything else we've seen amazon go back ahead come overtake microsoft in market value. kind of interesting given these movements last few weeks. gerri willis on the floor of the new york stock exchange today. back and forth we go. >> it is absolutely. last week were all over microsoft overcoming. and now we see that apple is leading the way. apple became the first company to be a billion-dollar market cap company. you can see from the full screen right here. neck and neck here but the values of these companies are amazing.

news that it wants to have cash flows and formats for bigger stores testing that out possibly go to whole foods we don't know. also benefiting from all the trade talks as well. everyday something different and i just had a traitor tommy won an oscar happened in the market today wait until the last few minutes of trading. just like watching a basketball game. that's all that counts is the last few minutes. so far the big leader today is apple followed in short order byte amazon and microsoft. we will be keeping an eye on it. connell: 807 billion. gerri willis, thanks. oil prices something interesting to watch after buenos aires and the head of opec oil spike and unexpected production cut by more than 3% today. 52 points 65 per barrel. he also had the nation of qatar coming out and announcing a plan

to pull out of opec days before the meeting in vienna. let's bring phil flynn on that. is that important is getting out of opec? >> it is and it isn't. from an oil production and point not really. only producing 600,000 barrels a day. the reason they're leaping as they feel they have no sway in the opec cartel anyway. in the past, qatar used their influence to be the middleman, to talk to saudi arabia, talk to nigeria to bring everybody together. now with the new crown prince king salman demanding everything in the cartel, and they feel like what the heck are we doing? you need us more than we need you. we're going to focus on natural gas number which is where the real prediction future is. good by opec, hello natural gas.

>> put that in the rearview for a minute. let me do about movement today. to get back up to 52.60. what's going on? >> i think it's two things here. one thing going into the weekend with the market uncertain whether opec in russia could come together to some kind of an agreement on a production cut. they did. they got that done. this would be enough to get the market going. i also think you can underestimate the impact of the trade truce with china. that's one of the concerns on oil prices is not just about the supply. it's about the demand and with the deal the demand should be better. connell: didn't get anything done but it's more progrowth. that's what makes the glass half full version of all this. he don't go from 10% to 25% you cannot progrowth policies. a lot of that can slip around

him are back where we started. >> fisher can and that's one thing you have to look at. the other thing i will say is we did get a report china's importing refiners already starting to buy the u.s. soil again. one of the things lost in all of this talk and concerns about china was the fact that the u.s. energy producers exported more oil and oil products than they ever did before last week. we keep hearing about the slowdown in demand. connell: interesting. 52.61 is the price. you later on. phil flynn. area story from last week in how people were affected by all that. the question today did marriott miss an opportunity to prevent the massive data hack into it years ago? that is maxed.

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so lionel, what does 24/5 mean to you?rade well, it means i can trade after the market closes. it's true. so all... evening long. ooh, so close. yes, but also all... night through its entirety. come on, all... the time from sunset to sunrise. right. but you can trade... from, from... from darkness to light. ♪ you're not gonna say it are you? connell: business lurks in the reporting of "the wall street journal" about the rising. verizon's unit is now looking at the possibility of paid subscription for "huffington post" and for also yahoo!

sports. so at least looking at the possibility of paid subscriptions for that content for usage after they did not meet revenue targets. be interesting to see if they move forward on that. we do see a decline, verizon down three points 7%. meanwhile, marriott facing lawsuits now that it may have missed a chance to detect the data breach that's been reported on yours earlier. the story from kristina partsinevelos. >> you've got 500 million people that could have dared data breach. their home phone numbers and home address is. it was very negligent of marriott starwood property to have the encryption data on the same database essentially having the lock and key on the exact same database. in another cybersecurity expert

told "the wall street journal" that they should've found out years earlier. there is a data breach in 2015 had they done a better investigation according to the cybersecurity expert than they would have detect that the hackers lurking in the database. now you have a class-action lawsuit being filed. a press release that marriott failed to ensure the integrity and properly safeguard consumers highly sensitive and confidential information. this is a big data breach when you consider over the past 10 years the top six data breaches, starwood data breach comes in at number two. yahoo! worth over 3 billion accounts were affected in the sun could affect 500 million. when you are considering not only the identity theft that can come from this, but the cost to the company come and they potentially could get fined for% of their annual global revenue

from europe because they have stricter laws here. the fcc did say they are investigating the timeline because this is detected this september but it could be dating back all the way to 2014 and yet the only identifier to the public over the last week. there's a timeline they're the fcc is investigating. connell: has been shed. that's interesting about europe they have tougher laws. kristina partsinevelos outside of the marriott location in new york. that is some skill and you half a billion people. could remain time b.c. and a cashier list whole foods in the near future? certainly something its owner, amazon, has been talking about another context. stocks moving today for% is amazon. we'll be right back.

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feet. if you know manhattan real estate that is three apartments. that works well. the bigger open question is whether or not amazon will begin to test this in bigger spaces and a lot of tech analysts say that will be tough. connell: like whole foods you mean? >> like whole foods. amazon said in the past we'll not use this technology for whole foods. now there are enough people in the analyst community saying they're beginning to test this precisely because whole foods would be the best application. connell: sure. >> flip side of that, when you go to whole foods and pay a premium for your groceries part of is what you're paying for is a service. it is pretty high touch for grocery experience. people are saying maybe it is not a great idea -- connell: could still have people walking around in the aisles i'm imagining, apple for years, go to apple stores, you there is a cashier. a guy comes around -- >> with portable. that is exactly how amazon work in the amazon go.

you put up the app, you scan it. seems as if amazon is trying to figure out, okay what other forms of technology can we use in our brick-and-mortar? we have nope the past few years even though the company was at one point 100% online. it has moved into physical brick-and-mortar spaces. which is what apple did. apple took heat from samsung, and you're a tech firm you have basically real estate. connell: it has actually paid off. it is county irintuitive till you think about it a company pushed some companies out of business to go -- >> full circle. connell: the other thing is interesting, gerri, to the race for the top, companies that run on day-to-day basis that helps us tell story what is going on broadly, but amazon overtaking the top spot i believe. >> today it is all about amazon,

865 billion. connell: a little below now. >> screens are updating as we go. basically a three-way race between amazon, apple. friday was all about microsoft. friday, microsoft was 859 billion. obviously alphabet -- connell: apple is back on top. >> there you go. connell: interesting, larry kudlow who i said is all over the place, doing a lot of interviews, on the conference call he was on, hopefully there will be no additional tariffs. >> hopefully. connell: but, his larger point, he was making in that particular statement at least iphones wouldn't be included. >> right. connell: which is self-explanatory. if there are no more tariffs apple's iphone wouldn't be include. that is the whole question with china back and forth would it apply to apple. >> president trump before he went to the g20, applied, consumers, you and me would pay more if it had to happen. 10% more for iphones that would be part -- connell: we would be okay with that. >> we would okay be with that,

apparently according to the trump administration. in any case that is part of apple's rally. connell: the stock was up anyway. but it is up a little bit more than that now. to get back to the original point, is that something that, from people you talk to is important? it does speak to kind of rise of microsoft the comeback of microsoft because there was no end in fang. >> microsoft is a dark horse after the 2000 the eu came down on them for being a monopoly. it took microsoft a decade to find its footing. one of the thing for investors and people own the stock happily so, this cloud product competing head-to-head what amazon has, with aws especially google. connell: yep. >> this has been a big winner with microsoft. they have done a lot of new tweaking, ceo relatively new, getting a lot of ducks in a row

for people owning stock it has been success. connell: as always good to see you deirdre bolton. see you 4:00 p.m. eastern on "after the bell." we'll see how this market closes. we've been up as many as 441. melissa and i will be there. we're up 206 to go into the close. charles will say he will take care of it for one hour with the cp effect. we'll be watching you. charles: connell i'm booed for 1000 dow points my man. i'm charles payne this is "making money." stocks are up higher after a temporary trade truce was struck between president trump and chinese president xi, what does it mean for the rest of the year, in fact for the rest of the session? what happens now on the initial deal to stand down on the trade war? we'll talk with a man who is leading the way. we'll have complete coverage from the g20 summit this week, an assessment of that. president george herbert walker bush making his final journey to washington at this hour. the nation