connell: so many familiar faces the secretary of state collin powell as this ceremony is about to begin as we wrap things up in our hour. melissa: absolutely and you watch everyone filing in a very somber mood to bid goodbye to george h. w. bush. that does it for us here is bulls & bears. david: and we are picking this up of course this is the ceremony that will arrange the president's casket in the capitol rotunda this is george h. w. bush the 41st president of the united states he died in his home in houston on friday night with very close friends and family surrounding him. we see all of the dignitaries from his administration back from 1989 until 1993 he was president, it was a one term president but a very consequential presidency it was he oversaw the end of the soviet union, the evil empire, he oversaw successful war in the middle east but he was hurt by

some promises that were not kept including one that was known as the no new taxes pledge. he said read my lips, there will be no new taxes, in fact he made a deal with democrats to raise taxes, if they agreed to cut spending, only half of that agreement was met. the agreement to raise taxes, and spending increased and as a result, many say of that, he lost a lot of support, of course he also had a third candidate in the election, for his bid for re -election in 1992 and that was ross perot, who took 19% of the popular vote but as a one term president it's hard to imagine a more successful a more eventful presidency for one term than his and he has a lot of friends, a lot of cohorts that are saying indeed, his dignity as president was one of the hallmarks of his administration. let's listen to a bid of what's going on in the capitol of the

united states.

>> [crowd is gathering in silence] david: again the president of the united states the 41st president of the united states, george herbert walker bush, his casket is going to be laid to rest in the capitol rotunda and an honor reserved for a very few number of people there as you see his family and friends the current administration on display right now, and there's mitch mcconnell in the center the senate majority leader but we are going to be covering one speech in particular, the vice president is going to be delivering his

remarks as soon as he does so, we will carry that and there are a number of ceremonial invocations before that from the house chaplin, remarks from mitch mcconnell, the senate majority leader and others and there is the casket of george herbert walker bush, let's listen.

>> ready, step. >> ready, step. >> ready, step. >> ready, step. >> ready, step. >> ready, step. >> ready, step. >> low pressure, step.

>> ready, step. david: we're going to be hearing from house chaplin patrick conroy in just a minute, and someone senate majority leader mitch mcconnell

and also speaker of the house paul ryan and we are taking the remarks of the vice president mike pence in full from the beginning to the end, but we're going to wait until then, we're going to bring in our panel now, we have jonas max ferris and deirdre bolton and we will have a chance to talk about the late president george herbert walker bush at the end of the show but we want to get to another big story that we are following president trump says relations with china have taken "a big leap forward" after he and china 's president xi agreed to a trade truce for 90 days so panel does this mean a trade crisis has been averted or just delayed what do you think? >> i like what was done. i think any time you, whether it's a real negotiation or not, but any time you can take a delay on something that is not necessarily good for either country, it's worthwhile taking the delay. this was not unexpected. the market volatility was incredibly high, both in u.s. and abroad.

90 days is not a long time. it's highly unlikely i think they there will be an agreement reached but i do think it's better to give it a fighting shot than not at all. >> i'm with you 90 days is better than nothing and we see the chinese have come out saying we will buy more agricultural and industrial products in exchange for this freeze as the president was threatening to do on that $200 billion worth of goods and i think additionally too we heard from larry kudlow saying where perhaps we're close to a deal to stop ip theft and that seems like a very high -- david: intellectual property. >> exactly but we did hear this was on the front burner so that's really what a lot of this year has been about yes it is about the tariffs but our main complaint and rightly so is intellectual property theft. >> there's no doubt that the president was watching markets and listening to business. businesses have been getting hurt. i know there's been talk it's worse for china but its been rough here. the fact of the matter is

businesses can't plan when they don't know what their costs are going to be and they actually still can't plan but at least maybe some light at the end of the tunnel. i am not thrilled that we've got to now sit here with baited breath for 90 days probably get a tweet or two that changes the stance and then goes back, but look, anything than what we had is a good thing and if we were to go to 25%, all heck would break loose so i'm all for it and hopefully better days ahead. >> david, the term there was a crisis coming, i think is a little overdone. i don't think it was, it is a crisis, unless it would spread to like our more legitimate trading partners like germany. if it was just with china 10% maybe 25% and the market doesn't like it there's definitely some companies getting hurt by that but as far as they beat a economic crisis in germany which is a very powerful economy, a big exporter, very competitive, high wages good on the environment unlike china they have almost a 19% value-added tax, on everything, and it's not

a crisis, like you can have a 10 % tariff, all the time, on stuff from china. it's not going to make the world change dramatically so i want to act like we were headed towards some sort of doom, because of this tariff war is it a free-trade move in the short run no. does it cause negatives particularly to farmers sure, but if there's benefit at the other end of it the amount of negatives we're currently taking >> i'm with jonas on that but what was difficult for most investors and business leaders to gary's point is moving goal posts you didn't know what the tariff rate would be, you didn't month which items would actually be charged there was just a lot of unknowns in the equation which is tough for an entire trading area. >> i think comparing germany to china is not really a comparison , you're talking about gdp that's five to 10 times greater and they're also our greatest trading partner. >> they're also transparent. >> germany is just an exporter

mainly pan-europe. with respect to china they are our number one trading partner without a close second and also the largest holder of our treasury. david: we were talking about tweets before the president tweeted out something today china has agreed to reduce and remove tariffs, remove tariffs on cars coming into china from the u.s. currently the tariff is 40%. that is -- >> i don't believe this going from 40 to zero. it went from 40 to 25 and then 25 to 15 and i think, i want what larry kudlow to say to be completely accurate but we have not heard from china saying any of this is accurate. >> and just to be clear, david, just to be clear that tariff went to 40 as a retaliation against tariffs. it wasn't always at 40. we actually have a 25% tariff on light trucks forever since like the 60s coming moo this country so there is plenty of tariffs going around that shouldn't be there and now the chinese, speaking of the germans that was

hurting germany more than america because they were the ones manufacturing suv's down in south carolina and sending them and having to pay this ridiculous tariff making them very uncompetitive say against a lexus suv or something so there's a lot of problems brewing that weren't good for china or germany even though they aren't directly wrapped up in this. david: just to put a number on it we send about $9.5 billion worth of cars over to china, so a 40% tax could be an enormous cut into the profits of u.s. car companies. this could really help u.s. car companies get back on their feet , no? >> well the big thing though is china, for years, have been promising things on regulation, on the ip, on everything, and nothing ever got done. we've been barking at the wind for so many years and unfortunately we're not getting a lot of help out there. i always ask the question, you've got your pan and europe and canada all about china but they're not joining us in a big way so we can never get a

coalition together on this maybe that puts more pressure on them to move the needle. >> well i do think it was interesting that larry kudlow said we're close to resolving this issue, on intellectual property theft because as far as i understood it most chinese companies say this doesn't exist , this doesn't happen even though you, u.s. companies, you come, setup and complain we're stealing things we're not really stealing things it's a misunderstanding. >> i think the ftc could take a real tough hint and get involved with what is deemed to be economic espionage. actually, if you really force criminality, you would be able to resolve some of the issues because you could go on both sides of the global aspect here and hit china and you could hit those who buy what i would say are out of compliance. you could have something like compliant intellectual property that if you buy something from china that actually has not been compliant. david: you could trust and

verify. >> you could trust and verify. listen at the edges everyone can beat the system but if you put a hard line in the sand it would be less porus than it is today. david: gang we want to take another live look at the capitol rotunda where a private memorial ceremony is being held for president george herbert walker bush we're expecting vice president pence to make remarks at any moment and we will take you there live, to cover his remarks from beginning to end, that's coming up. you're headed down the highway when the guy in front slams on his brakes out of nowhere. you do, too, but not in time. hey, no big deal. you've got a good record and liberty mutual won't hold a grudge by raising your rates over one mistake. you hear that, karen? liberty mutual doesn't hold grudges. how mature of them! for drivers with accident forgiveness,

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david: as we take you live to the capitol rotunda that of course is house speaker paul ryan paying his respects to george h. w. bush. members of congress attending this private memorial along with the vice president, his wife, the president lying in state in the capitol until wednesday and now as we've mentioned vice president pence will be making remarks at any moment we'll bring them to you live the moment he begins and cut into what we're talking about, and we are going to switch gears to paris for the moment seeing its worst protests and riots in decades. protests began over a fuel tax hike and then turned violent and they've now become an anti- government movement. the french elites are seen as choosing a climate change agenda over the needs of its already

highly-taxed population, so is this kind of anti-establishment thinking spreading throughout europe? what do you think, gang? >> it could be late stage socially. we always talk about the capitalism being late stage and you're seeing this stuff going on but the high taxes in europe and i think they've hit maximum taxation basically across-the-board. david: i'm going to have to jump in here and bring you back into the capitol rotunda because the vice president is moving up to give his remarks in honor of the late president bush. let's listen in. >> speaker ryan, leader mcconnell, leader sch. mer, leader pelosi, members of congress, distinguished guests but most of all, the president george w. bush, governor jeb bush, neil, marvin, and the entire bush family, it is deeply

humbling to stand before you today, at the beginning of a week in our nations capitol when we will come el rate and celebrate the lifetime of service and leadership of the 41st president of the united states, president george herbert walker bush. the bible tells us to mourn with those who mourn and grieve with those who grieve and today, on be half of the first family, and my family, and the american people, we offer our deepest sympathies and respects to your family, and we thank you for sharing this special man with our nation and the world. today, president bush becomes the 32nd american to lie in state in the united

states capitol rotunda. soon, americans from every corner of the country and every walk of life will make their way to this rotunda to pay the respects of a grateful nation. upon the death it is written that king david said do you not realize that a commander and a great man has fallen in his real this day. george herbert walker bush was such a man. while he was known as the quiet man, it was not for lack of nerve or daring, for in all of his 94 years president bush never lost his love of adventure and he never failed to answer the call to serve his country. born into a tradition of public service, george herbert walker bush began his own life of service when he was still in high school, after the japanese

attacked pearl harbor in december of 1941 he wanted to do his part so he enlisted in the united states navy on his 18th birthday. on receiving his wings he became the nations youngest naval i've crate or and was sent to the south pacific where his story almost ended. september 1944 on a bombing raid , his aircraft was hit, his engine caught fire, but he still managed to hit his target, before bailing out and being rescued by american forces after some four hours at sea. all told, he flew 58 combat missions, and for his bravery under fire he earned the distinguished flying cross which would have been enough honor for any american life, but george herbert walker bush was just getting started. after he came home, he staked his claim to a booming post-war america by making a name for himself in the oil business. for four years he walked these

halls, as a congressman from houston. president nixon took notice of the young texan and asked him to be our ambassador to the united nations and he led our party during a tumultuous time for the presidency and after earning the respect of another president he did the work of a diplomat as the first united states envoy to china and led the cia, and then, for eight years, george herbert walker bush served as the 43rd vice president of the united states. i'm told as he was preparing to become vice president he once joked about the job saying that there was "nothing substantive to do at all." >> [laughter] >> but as history records, during those years, he set the standard, as a sound counselor and loyal advisor to an outsider

who came to washington d.c. to shake things up, cut taxes, rebuild military, and together, they did just that and then, in 1988 he made history again. when george herbert walker bush was elected in a landslide as the 41st president of the united states of america, becoming the first sitting vice president to win the presidency in more than 150 years of our history. he served during an uncertain time in the world. made momentus by his leadership. president bush oversaw the fall of the soviet union the crumbling of the berlin wall, and under his leadership, america won the cold war. he took our nation to war to repel aggression in the persian gulf and through his leadership as commander-in-chief, and the

brilliance of our armed forces the united states won a decisive victory. when president george herbert walker bush left office he left america and the world more peaceful, prosperous, and secure president bush was a great leader who made a great difference in the life of this nation, but he was also just a good man who was devoted to his wife, his family and his friends i was lucky enough to meet him in 1988 when he was vice president and i was a 29 year old just getting started in politics. then, as always, i was struck by his approachability. there was a kindness about the man that was evident to everyone

whoever met him. all his years in public service were characterized by kindness, modest it and patriotism. he was so modest, in fact, that he never wrote an auto biography , but he did leave a record of his life in the thousands of letters that he wrote. i'm told that he started writing letters to his parents when he was 18 years old and over time his circle of correspondence grew to include family, friends, advisors, staff, business associates, former presidents, and just about anyone who would take the trouble to write to him. after a lifetime of writing letters, my son got one just not too long ago. as i told two of his sons this weekend, when our son made his first landing as a marine i've

crate or on the uss george herbert walker bush i took the liberty of writing the ship's namesake to ask for a small favor. i didn't write him as a vice president to a former president. i just wrote as a proud dad of a marine aviator to a former navy pilot. i asked him to sign a picture of the flight deck that i could give to my son. now, we were told by the staff that the president had long since ended the practice of signing autographs and we understood that., but little to my surprise, just in time for my son's winging, there came not only a signed photograph but of course a letter, hand signed as well. august 2018. in that letter, president bush wrote to my son in his words,

congratulations on receiving your wings of gold, i know how proud you and your family are at this moment and then in words that assured us that the letter came directly from him, he wrote , "though we have not met, i share the pride your father has for you during this momentous occasion and i wish you many cavu days ahead. all the best, g. bush." i would come to learn that that acronym is a term navy pilots used since world war ii. it stands for ceiling and visibility unlimited. president bush described in his words as the kind of weather we navy pilots wanted when we were

to fly off our carrier in the pacific and he once wrote a letter to his children saying that cavu in his words describes my own life as its been over the years and as it is right now. ceiling and visibility unlimited now that may well describe the essence of this man, and it may well have been his vision. the vision he had for his life, for his children, and his children's children and his country, no barriers, no boundaries, no limits, so we mourn with those who mourn and grieve with those who grieve, but we do not grieve like those who have no hope.

for president george herbert walker bush, had that hope. his face sustained him throughout his life of service, and we pray that faith will be a source of comfort for all those who mourn the loss of this good man and great american. president george herbert walker bush loved his family and he served his country. his example will always inspire and his lifetime of service will be enshrined in the hearts of the american people forever. may god bless the memory of george herbert walker bush and god comfort his family and friends and may god continue to bless the united states of america. david: that was of course vice

president mike pence delivering a beautiful eulogy to george herbert walker bush the 41st president who died on friday at his home in houston, describing his hallmarks as hope , faith, and modest it and not a lot of presidents who were humble in this world, but this was one who indeed was through and through, and he passed that on i believe to his children and most of whom chose public service as he did all of his life, george w. bush, the 43rd president of the u.s. says that it was his father that instilled in him the idea that the presidency is more than any one man that the institution of the presidency is an office too sacred to abuse for personal identity, and he in fact embodied that both in his own presidency and that of his father's as well. i want to bring back our panel and talk specifically about something that i was focusing on , which may have been his political undoing, on the i will

not raise taxes, read my lips pledge and robert, you mentioned something about that, one fact in his raising of taxes that shouldn't be ignored. yeah, so in may of 2018 when i was advising president obama i did a whole report for him on war and taxes, and you can go back to every war from literally the civil war to the revolution to the korean war every war in this country we raise taxes whether it was an inheritance tax, a tobacco tax, a state tax whatever it was. >> which makes sense. >> war is expensive you have to pay for them so it was clear and we did it because of the iraq war obviously but it was clear at that point it was impossible for him to keep it and i wish i was helping him there. >> but robert, it was used against him when he negotiated with the democrats they went through it, they raised taxes,

all of a sudden they were driving on how he couldn't keep his promises and they rode that all the way into the election and you know, something that most people don't know during his four years at one-time, there were 55 democrats in the senate the 45 republicans and 260 democrats in the house, and 175 republicans. >> gary wait one second my point was not to make it political. my point was to make it that there was a reason that he had to do it that actually most people are not aware that in america, since the day we were born, there's always been a tax following a war. i'm not questioning that there's always politics in an election. david: and there was of course another candidate in that election in his bid for re- election and that was ross pe rot who had a 19% gain and had it not been he drew primarily from republicans and conservatives so had it just been george herbert walker bush

against bill clinton i suspect even you robert would suspect i believe that bill clinton might have lost. >> there's no question that per ot and nader both impacted the outcomes for both sides. >> specifically to taxes, first of all he tried to cut spending, but as you just said, there was a power imbalance and unlike current leaders that was a reason to do what was best for the country at the time which was to compromise of raising taxes and cutting spending things that are very difficult to do today, shutting down the government, but this president was always doing what was best for the country which is why he was only elected once unfortunately sometimes those are the best presidents because they don't put their next election ahead of what's good for the economy and at the end of the day, taxes were a little low from the reagan years. we had a great economy got inflation out of so many good things, but this president george h. w. bush new that taxes had to come back up, and we started a great economy in the 90s that led to balanced budgets

because of actions taken during this time period that was so crucial, so you know is it going to win you the next election? no it's easier to go to deficit spending mode to keep taxes artificially low and deal with it after the election but this was the right move at the time and he got more heat from other republicans than even democrats with the whole grover norquist and he was the one who was actually right on this issue when it boils down to it. >> yeah, i think jonas to your point his raising the taxes during the war time segwayed into a period of no wars and clinton was able to balance the budget because he had to really just look at social programs. david: we should also mention by the way that he was by the time he was running for president even though it hadn't been announced at that point, because the economic news is usually backward-looking the recession was over. we were in a little recession when the election campaign began , the recession was actually over at the time of the election, but most people didn't realize it. and again, you've got to compare all of that, against his oversee

ing the end of the soviet union. that alone some people say of course the process started under reagan which is probably true but it was still a very sensitive time during which we had the fall of the berlin wall and then the end of the soviet union. i interrupted you gary i'm sorry go ahead. >> let's not also mention germany reunification also. my main point was i only started learning about him in the last few months about how real good of a president he was. sometimes we use people wherein the now we don't look backwards until somebody is getting close and i mentioned before how behind the 8 ball he was as far as how many republicans in power versus democrats but he got passed the clean air act, american with disabilities act, a big crime bill a lot of great domestic policy wins that he never really got great credit for, but i'm a big believer i

think rotundas did him in and he wins without a doubt without rotundas. david: we can see in the ceremony in the capitol the bipartisan support for the man not only for his political achievements which he did achieve with the support of both sides, but particularly on a personal basis, the man clearly had friends in all sides of the political spectrum. deep deep friends and those friendships and those prayers continue now. we'll be right back. your mornings were made for better things,

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at fidelity, our online u.s. equity trades are just $4.95. so no matter what you trade, or where you trade, you'll only pay $4.95. fidelity. open an account today. david: as we mentioned, seeing, paris is seeing its worst protests and riots in decades it all began over a fuel tax hike to pay for a climate change agenda and people talk all over the world about wanting to help the environment and yet here they're burning the country down and when asked to pay for it what is that? >> i think the implication here is that the french president this is really a tough test for him and people consider him to

be eliteist, whether that's fair or unfair and they say we don't really want to talk about climate change we need to afford our lives. i think he's in a tough position a year and a half into the job he's basically ran on a business -friendly idea as much as that can thrive in france and i think you really have two extremes you have really left that is a very very larger much larger voice than we see in this country and then right very strong right and he's in the middle just getting squeezed. >> and he boxed himself in. just remember he got rid of a wealth tax that the last guy put in, so he lowers taxes on the wealthy and then he pulls this on the rest what is it $0.30 a gallon i just don't think he has a real good feel and he's pulling in the 20s right now and now, maybe emergency measures, so not very good what's going on there and i don't know how he gets back up from this at this point. >> it was basically a poorly- conceived way, look the

europeans actually are part of the problem with climate change. they always under tax diesel and over tax regular gasoline thinking it was more fuel efficient but actually it's worse for the environment and we have all kinds of ongoing problems, because of that situation in europe he's trying to fix that. unfortunately, like you just said, it looks like it was a pro -rich paris-type of situation he should have helped the people in the country parts of france more with some sort of benefit to offset this tax increase and also fuel prices were rising in this country because the euro is weak because until very recently the barrel of oil price was going up and to the public it seems like they are paying more money in fact gas prices are actually lower than a few years ago in france so this is more just an anger at the leadership there and probably a serious problem for this president. >> listen i think deirdre said it perfectly you have a polariz ing environment between the left and the right, that being said you also have a slowing economy in france. i think actually growth is

deminimis there and geopolitical ly the entire eurozone feels like it's struggling, germany is struggl ing right now obviously we know what's going on in italy so at the end of the day macron was supposed to be that special person with merkel on an exit and president trump not that popular especially there macron was that shining light and now we have in france -- >> that was really a big part of why so many people, most of france's best and brightest i've spent a lot of time in that country they leave. the young engineers go to berlin , london, here, silicon valley they leave because it's so hard to start a business there. david: but the best and the brightest very often so these ideas about climate change and they don't necessarily play well in the provinces we should mention most of the protesters were not from the city. they came originally from the provinces where you care a lot more about the price of gas than you do about climate change. >> and i need to back up what jonas said they're looking for a cause.

>> and the problem is if germany is contracting that means france is in trouble and here is a little note on france. their spot market is lower than where it was in the year 2000. david: wow. >> that speaks a lot of volume right now and think about this. european interest rates are still negative and they're still printing money and some of these areas in europe are now contract ing. this is really bad news as we head forward for the eurozone. david: let's hope it doesn't spread too far so promises made by china over the weekend but will those promises be kept gordon chang says absolutely not he's going to tell us why he thinks president trump has to keep the pressure on, that's next. comcast business built the nation's

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david: white house economic advisor larry kudlow admitting today that though the u.s. is hopeful on new trade negotiations china has not always kept their end of the bargain take a listen. >> we've had promises in the past from china, okay? and the promises have not worked out. now, in the spirit of goodwill, and again, the president xi's amazing presentation to president trump saturday night in that positive optimistic spirit we have strong

expectations. david: so can china be trusted this time and if not will investors and the markets lose all faith and the dial will ever be reached with us to discuss is gordon chang author of the coming collapse of china nuclear showdown. now gordon nobody can call president trump soft on china particularly after the tariffs. if he does get a deal whether it's optimistic lect you'll property or car tariffs or whatever don't you think this administration with president trump, with peter navarro will find some way of making it verifiable. >> well i certainly would hope so. we're not riding on a blank slate here. we have the 100 day action plan of april of last year and that didn't last the 100 days and then of course we had the 2015 agreement between president obama and jingping on hacking for commercial purposes and that didn't last a day, and you know, so i do hope that if this administration is able to ink a deal with china that it is verifiable and that we actually

put the screws on it, because you know, the chinese just can't be trusted. you know, kudlow says this time it's different. i don't know how many times i've heard that, david. >> hey, gordon i'd be curious to hear whether you think this agreement actually has any real meaning, because at the end of the day the biggest concerns are around intellectual property, patent protection, i mean, and no one has said boo about that. >> yeah and this really is the crux of it because the chinese take hundreds of billions of dollars of u.s. ip each year and by giving them 90 days we're basically giving them what 80 to $90 billion more ip to steal and so, you know it's very difficult you've got to remember that xi jingping is the author of the made in china 2025 program to develop technology and we've seen technology theft increase because the chinese need it for their made in china 2025 so this is not a good sign for us. >> gordon quickly though we did hear from white house advisor

larry kudlow saying that we're close to a deal on stopping ip theft. why would he say that then? >> i just don't know. because this is baked into the chinese system and it's certainly jefferson's plan because he has a state dominated economy and he's closing the economy to foreign companies and you know we may get some market opening moves but this is really contrary to what xi jefferson believes is the best for the communist party and the best, for xi jingping so it's really hard to be hopeful here. >> that would be a huge shift it would be a complete aboutface , right? >> it would be a climb down for him, inside the communist party because he staked his future on actually humiliating the united states. if he doesn't humiliate us he would lose not only power but his freedom as well. >> gordon, i just want to, i follow you faithfully on twitter and i saw that you basically said something to the effect of if nothings done by the 91st day

, trump should hit him with everything we have. can you define hit him with everything we have means? >> well it would mean going from 10% tariffs to something higher and it could be more than just 25% certainly be putting to es on the other $267 billion of imports and also, you know, we should be considering banning the imports of products from china that have benefited from intellectual property theft. the important thing for us right now is to disengage from china, because we tried everything else over the course of decades. we've tried negotiations, agreements, wto cases they've all failed the only thing that hasn't failed is disengagement. >> gordon, this book you wrote about the collapse and if i'm not mistaking almost 17 years ago and yet the economy has grown so much in china. why hasn't china collapsed like japan would add so much less central planning in japan but the heavy handed government, the bad loans that ultimately led to

a 20-year downfall in japan and yet china still does so well if it's so bad why does it work so well for them and like why do you think it hasn't happened yet >> couple things first of all you had the 2008 downturn china put on the stimulus and they control everything, markets, borrowers, lenders all of the rest of it. u.s. companies didn't take advantage of the wto deal to enforce rules. you know, i thought it would fall apart by 2011-2012 so i'm only out of time. there are a lot of factors which just really shook and surprised everybody, especially me. david: gang great questions, gordon thank you very much for being here appreciate it. >> thank you. david: let's take another look at the 41st president of the united states lying in state on capitol hill. members of congress are now departing and there is treasury secretary mnuchin leaving and there is the president's casket in the rotunda it will remain there until wednesday. wednesday is going to be a moment for the entire nation to

rest and reflect on the presidency of george herbert walker bush. more on his presidency and his legacy, after a short break. only half the story? at t. rowe price our experts go beyond the numbers to examine investment opportunities firsthand. like e-commerce spurring cardboard demand. the pursuit of allergy-free peanuts. and mobile payment reaching new markets. this is strategic investing. because your investments deserve the full story. t.rowe price. invest with confidence.

david: george h.w. bush will

remain in the capitol rotunda thus wednesday. how do you think he'll be remembered? >> i think his check legacy is under rated. this whole nafta thing was his baby. george bush believed in globalization, free trade. xi jinping wasn't the enemy and that legacy is in question now. we are really kind of -- that era is an important period that's under attack. >> he's a man who loved hisk family and served his country. >> he made sure he home home he

christmas eve so the secret he advice could spend -- so the secret service could spend the time with their family. david: there was a decency that couldn't be denied by anyone. thanks for joining us. reporter: th the bod -- the famy of george h.w. bush, a mourners from all across the country and the political aisle lining up to pay their final respects. a trade truce for the time being. larry kudlow telling me whether a 90-day window is a red line. art laffer weighs in. less money for