cheryl: do i tell lauren, you called her my little friend. connell: i love lauren and you. bulls and bear with david asman starts right now. david: this is bulls and bears, i am david man david asman. on the panel today, will stock rock to dow diving nearly 800, after larry kudlow said this about a u.s., china trade deal. >> it may not get done, okay? i'm saying that it looks to me like the ball is being moved in the right direction. much more than past 8 or 9 months, but i can't sit up here and say we'll get this, this and this.

david: market really fell out of the bottom of the market after several tweets by president on trade including this, i am a tariff man when people come in to raid the great wealth of our nation, i want them to pay for privilege of doing so. the best way to max out our economic power, we're taking in billions of tariffs, america america rich again. -- mik make america rich again,t do you think? >> i think that the bond market, did not like mr. tariff man. went on the bond market decided he didn't like mr. tariff man, then concerns about a inverted yield curve, everyone was then focused on that. if you are trying to unpack this, we have a narrow path forward, bad news is always bad news, good news is sometimes bad

news, i think that market is having a hard time di digesting. >> i hope it was a negotiating tax take. i have seen more coherent trade policies carved in men's room walls, i don't think that tweet was only thing that necessarily sent it low ebut it does seem a sharp change from yesterday's tone. savers are seeing rates at their banks 2% plus, on the way to 3%, does not take much to get them nervous. >> this tweet belies an ignore ignorance from the president, tariff man, such an ignorance about trade, almost laughable. we talked about with peter navarro, president crowing about money he is raising from

tariffs, that is money from americans from, companies like ford, like gm, both which lost a billion dollars, and are laying off employees, i'm not surprised that is when the stock market has this massive dump. >> i'll weigh in, i don't use same wash room as jack, i do agree there are other factors, you saw the 200 day moving average, you have some big hedge funds and momentum moving it dragging it lower, the same thing a few days ago, that could be part of the downward friend e saw in later half of the day, it was technical. focusing inverted yield, commented 2 to 5, i don't think that is necessarily a cause for concern. i budget "wall street journal" today, an article about the it bill -- t-bill, 3 to 6 month. we're starting to see cash king.

not cash under your bed. david: to jonathan's point, 7 billion dollars that we've taken in, in tariffs, that is small, is it not compared to all of the dislocations. the supply chains in world have been upset by these tariffs. have great cause, and american steel companies are not rain to do that -- are not able to do, that american steel is expensive now. >> not only do you have all of this coming at expense of americans who pay for these taxes, his whole point about wealth, you have to remember we have a $20 trillion gdp, we have capital coming in, a service-based economy, we're not getting hurt by trade in the world. we're getting hurt by is the tariffs, and companies keep not investing because of the

tariffs, the direct impact will be greater and greater. >> trade is win-win, companies that have been beneficiary of the tariffs, their stocks among worst, alcoa a new 52-week low today, and auto companies, whose bump of short lived, to comment about financial stocks, that is what worries me about today's market action, the financials were so weak, citi group, goldman sachs at 52-week lows, this is troubling moving forward in terms of stocks. >> to that point, i think that concern is global growth that will start to trickle in. yes, the united states is doing well, but when the rest of the world does not, when does that affect here. and bringing back tariffs to china, and that situation, i want more enforce. , we may agree, there seems to be difference between u.s. and

china sees in the agreement, chinese regulators always find a way to say, no, we don't want this join venture partnership to happen. david: did you doubt that anyone in united states is stronger in terms of. inof. enters this in than cu current administration. >> this administration with allies. david: why can't they get europeans on the side. >> have you the steel and aluminum tariffs that have angered a lot of other countries. go ahead. >>, i hope that president watching the action of the stop market, i choose to believe in monday trump rather than tuesday trump. it is not just about tariffs or

-- it is about business leaders having an ability to know what the rules are, so they know where to invest. >> to jack's point, president tweeted that chinese agreed to drop the tariffs, now larry kudlow comes up, and cleans it up, saying well, they have not act wally -- stul actually agre, that with this confusion from washington it more difficult. >> and bridging it back to stock market. very important for viewer at home to understand that the economy and the market are not the same thing. the economy could grow, but the market has already priced in the growth, we need growth in big double digits. talking about markets going down does not mean that economy is slowing down it just means that particulars have been priced in. david: what did idea, this is a

negotiating tactic. he is viewed more hard-line, you saw him at work in canadian deal, i have never seen a tougher negotiation than one he put forward, and he came up with the deal, congress may not approve, but he got it. maybe they just want to play real hardball before they go in for final negotiations? >> has that not been the way trump has gone going forward with his negotiation tactics, hardball, then the day we're signing and shaking hands and media is there wild agre we'll e to something, you are agreeing to agree. this thing with nafta, they agreed to sign something later, should to be ratified. the same thing with china. have you a lot of points, i want them to go against the china so fad badly, but how do you stop with subsidies that given to the technology firms in china. and then to stop the theft, how do you regulate that?

i think yes, administration needs to be tough. but i wonder like you said, it may be a tactic. >> this week is good cop, bad cop, and trump both cops. david: what else is new, right. >> christina, i want to follow-up on that point, do you think whatever win they are able to negotiate if they take this hard-line, it will be worth of the damage that we're seeing in terms of postponing investment at a really important time of the business cycle. >> that is an excellent question, if i were able to answer accurately, i could predict markets going forward, but, unfortunately, we have to consider that it may not work out or that china will have a different idea of what they are agreeing, to have you seen just within the compare soon in sheet over dinner in terms of whine cs yes, students can come in. and january 1st off of the table now.

david: back to terrible track record of previous administration whether u.s. over anywhere els else have seen the chinese lies and deception, and not stopped them. if administration has the where with tall on sto to stop it, i e have the power in dc . >> here, here. david: jonathan. >> that is tacking your own people, i think we should pity the china, pity the country that tax their own citizens. and we're the beneficiaries, if they subsidize their machinery, their manufacturing we're the beneficiaries of them, an article this week, we should send chinese flowers, and thanking them, this is like a gift.

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david: caving to pressure, french president macron is suspending the gas tax increase after weeks of violent protest, we've seen carbon taxes aimed at climate change fail on ballots here in united states. and people talk a lot about climate change, di but they dont seem to be willing to put their money where mouth is. is carbon tax dead. >> i should hope so, carbon improves our life, this is the big issue. the more carbon man has used, better man's life has become, longer we live, carbon fuels hospital, and technology. people who are again fossil

fuels are against mankind. i would rather see some out there -- i am glad to see some people are stepping up, speaking out against it. europe at large, this is a mature entitlement state. >> there are a few points to that. talk about france, have you that tax on affecting some poorest populations, they are driving to town. i understand why they are upset, there have been successful models or suggesteds of successful models, in canada, the government prying t trying o protest carbon taxes, but in british columbia, it is a textbook example. all revenue they receive, they give back to the canadians that

live in that province with tax cuts, or take it a step further, maybe link it to executives, shell, for example, ceo of shell his pay is connected to how much carbon emission the company admits. >> i'm going to go home, and burn all high tree my trees andk that valuable carbon that jonathan is talking about. people don't like to pay for stuff. does not mean they are not concerned, i don't see as one discrediting the other. >> yeah, 15 million french men cannot be wrong. >> i think, no matter what people like, one thing that people don't like, that is taxes. a lot of time they implement the taxes, it is a good idea but the execution is poor, and a lot of times, the money is wasted.

at the end of the day, you are seeing in world is people saying enough with taxes, it does not work, find a different, better way. david: i think that even people who do care about climate change, don't trust politicians to do with that tax money what they say they will do with it. maybe different in canada, but the fact that french have seen their politicians at work, and they don't believe them any more, they don't believe they will take that carbon tax, and put it all in climate change technology or whatever they will do. >> true -- >> we were going to give this money t. so lindh rah. and this current administration stopping the -- >> are you thinking short-term. >> that it is moving the economy.

if we bring up arguments from climate change believers, you see changes in the economy, and climate, you are focuses on short-term, but what about long-term. maybe we need to walk around with an oxygen mask in future. >> worry about man's life, nature will take care of itself. david: the other point, no matter what we do in united states, or in france, or in -- if china and india don't do something big about it, it doesn't matter what we do, right? >> yeah, i think that you know, you don't want to say just because someone else is not doing something, you should not take a leadership role, but we're fighting china on trade, maybe this should be at forefront of the fight. >> all right. >> cutting cash o carbon shoulde a goal. david: president trump threatening to rip up nafta to put pressure on congress to pass

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david: president trump threatening to rip up nafta in coming days to pressure congress to pass his new trade deal, could the president's move backfire, with us now, darrell issa. he is president's pick to u.s. trade and development agency. you are a former business person, you know what it is like to run a president. what rules do we trade by if trump rips up nafta before congress passed his usmca . >> you are right, business lives on certainty, and stock market gets volatility when it lacks it, in case of canada and mexico

billions of dollar investment in our two largest trading partners it is huge we have certainty. also huge this is where president has a points, he negotiated a better deal when he finished that better deal, my colleagues on other side of aisle said it was not good enough. they needed things suddenly they always wanted to have, additional environmental. and additional labor protec protecttion. i think president negotiated a deal his predecessors were not willing to put back on table does need to play hardball. republican are skeptical of any new trade deal, and democrats don't want it. getting something through that president bush and president clinton had a hard time getting through we'l will require some

gainsmanship. >> if you give them ultimatum. you tell them, they have a chose between that or nothing. don't you think that is actually going to make it worse? within the house. >> i think if democrats did not have any people in business who were democrats that might be the case. but when you look at businesses large and small, that would be incredibly impacted by the supply chains and their customers and so on, there is no question, that you will have huge pressure by all of the company who have grown to use nafta as a tool, and by the way, a tool to help compete against china, that of the part of seen reason for renegotiation with mexico to reduce chinese content in mexican goods. i think that pressure that republicans and democrats, i

felt it for 18 years, when your donors, voters who are also business people, tell you that, they need to have this certainty of a deal that is at least as good if not better for every one of those companies, i think that would them to take it as it is, not force the president to go back to canada, to go to mexico, and negotiate again. which is really the challenge, dave said it at top of the hour, uncertainty is what we would have if democrats or republicans, demand additional items added to an already improved deal. >> congressman -- >> this is -- >> on wall street, they say, trump -- is a little bit of boater thabetter than nasta. but question, trump of the telling us nas nafta of the wore

deal, when do you square a min minimal improvement. >> pruch ha trump has taken olds that failed and made them just good enough, for customers to flock to them, sometimes you really can't build a new building from scratch, you can improve one. liklike a old hotel, these are improved deals, they are not deal that if you had a plain sheet of paper most of us would choose, but they are improved deals in particular san diego largest and busiest port in the world, commerce that goes across will be improved by higher u.s. and mexican content. and some environmental improvements for the rivers, tijuana river and so on, which dhaz havhavebeen so lighted polo

long. we'll be pushing by the business community to give them the deal they have in their han before them now. >> congressman, this is caroll ross. i can understand wanting more, i am greedy, i want to get as much as possible. at the end of the day, is there any legitimate flaw in the new agreement that someone could hang their hat on, as a reason on not tote vog vote it through. >> i came to washington as a businessman, i spoke on behalf of nafta many years ago, i remember at the time be on si br unions. and so i can see the pressure

coming again, this is something that president clinton, did not give to his own party. and told them it was not on the table. so, i am sure we'll hear that. but as far as legitimate, there is nothing worse in this deal, there are some things better, that by definition is a good reason for both sides to say, why would the not take an improved deal over status quo or, worse then that, losing the trade relationships that on balance have been good for america. >> congressman, this is jonathan hoenig, thank you. >> thank you. >> president has made a big thing on buying american, can you explain why this is so important, and do you buy american in your own life. >> schaffner and banks are american that president wears,

but we're in a global market, america is best at some things, we need toe those investment prospected, many things going on, basic industries, including semiconductors that president wants us to bring back or if it is made in world technology remains safely here, those are in 20th century, what buy american is about. if i am holding up as a am, an iphone, i want to know that technology in there is not being ripped off, that is what america makes, when you buy in this case, a chinese-made apple, when you to buy? a lot of american technology. i think when president says buy americans, he say its in 21st century way, not everything is in america, but we have to protect what employees 325 million morning and their family. david: to jonathano's point,

president is a international business person, he was meeting with german automakers today, he says that what he would like to get to is zero tariffs on cars to start with, maybe on all -- does he still have that as a goal? zero tariffs on either side of trade? >> president does. you know he was meeting with bmw, and mercedes, companies that produce in america, if they export their german cars made in american, if they export them to germany, they enjoy over 10% tariffs, i think 12%, and only 2.5% in to u.s. even on a bmw there is an unfair relationship if bmw can ship a german made car to u.s. cheaper -- the president said zero is

right number, and he is willing to do it, i am too. david: darrell issa. >> thank you. david: amazon employees buying up real estate. before the prices skyrocketed. should it be considered insider stock trading? one law maker in new york says yes, we detai debate that, comig next.

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david: more backlash against amazon, planned headquarters in new york, some amazon employees reportedly buying real estate near the site the big announcement of the made, and before home prices soared. they say this move should be against the law, calling for legislation that would apply

insider trading rules to the buying of real estate. should real estate be treated like stocks when making moves based on inside information? >> no. it is horrible idea. david: how do you really feel? >> you have a politician, pandering to his constituent base, he should thank good lord, long island won the lottery, and we live in a nanny state, we want to legislate out everything, what is next, you can't car wear white after laboy and pass a law. >> i was thinking about amazon, that is employees buying real estate, not company, i am thinking that warren buffett knows what warren buffett is buying next, whatever it is, that is going up. kind of same thing with amazon. wherever they invest, it will improve real estate prices this

is employees 1234. employees? >> if it was amazon that is one thing. but it is employees that is silly. >> i would challenge anyone to tell me whose individual rights are being violated, if you put your cont condo in market. and you sell it to bob, they offer you a price, and you sell to amazon guy, the guy from amazon coming in would drive up the price, you are better off, worse part, you are the same. or you are a little bit better off who is the victim. >> wait, what about all theme thathe people who want to move closer to new york city, and they can't because of the inflated cont condo price -- ♪ >> wait, wait. >> ♪ >> jonathan wait. >> let me answer that, what is that have to do the law and what does it have to do with the

supposed front-running? does not change the fact if you put your condo up for sale on x date, dud no does not matter u sell it, to you get paid the same. >> is it same compare to stocks, the same thing. >> yes. >> we don't allow insider trading, second big possible. >> one stupid rule should not have beget another stupid rule. >> you dop lik you don't like ir trading, okay, that is a different discussion, what did fact that amazon played so many cities, they negotiating, claiming it was a competition, city benefiting from amazon headquarter in their state. but really, it looks like amazon was using new york all along. >> i think it worked on. >> i feel sorry for those constituents, because of the give aways and freebies and

subsidies that is going to hurt will local, but rhee, thi real s is same hatred these days for big companies like amazon, they come from left and right. and, politicians come in say it is unfair, unfair because they want to invest a lot of money, they should thank la their luck. david: inside are trailer rules are very fo -- poorly applied to trading. what if a poll fi politician whd on amazon deal bought into real estate before it was announced this would be illegal, right but illegal because of bribery? >> yeah, i think that is a different issue, but to compare insider trading to real estate inside are trading this is like comparing a bike to a

motorcycle. this is different. we have inside are trading laws because we' full price to be reflected in the price, but in real estate, it so fractured, a micro level it is different. >> to your point, if you are going do this with real estate, jonathan play violin music in background. you need a huge bureaucracy? >> yes. >> just what we need, another massive bureaucracy to basically manage real estate deals at a local level, great idea. david: live this line in real estate, insid insider trading it only legal but celebrated with champagne. they brag about it? the industry. >> if you work at a particular company, you might have some information, that is -- but you have as a right, you work there, not stolen from another constituents, they don't have that information, they don't

work at the company. david: andrew, thank you for coming on. >> appreciate it about thank you. >> coming up, just as nfl seemed back on track with ticket sailorsalesand viewers they facw scandal, what it could mean next. utter portfolios. fisher investments tailors portfolios to your goals and needs. some only call when they have something to sell. fisher calls regularly so you stay informed. and while some advisors are happy to earn commissions whether you do well or not. fisher investments fees are structured so we do better when you do better. maybe that's why most of our clients come from other money managers. fisher investments. clearly better money management. you may be at increased risk for pneumococcal pneumonia, - a potentially serious bacterial lung disease that can disrupt your life for weeks.

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david: after a horrible season of national anthem protest, that lead to low ticket sales, in seemed to be back on track, but a now scandal, involving kareem hunt, a tmz video showed him assaulting a woman in february, running back reportedly said that nfl nef never questioned hm about the assault, they let him play, can commissioner, rodger doodldoodwron -- rodger goodell survive this. >> i would like to say, in nfl is looking for a new commissioner, i am available. the issue is who is representing owners and fans, goodell does a

phenomenal job in representing ownership, he made a ton of money, on other side, the fans hate him. and had it is not a good thing if owners' to continue growing their franchise. to have him customer facing. they need a person of will information they should represent the fa fan at the tab. if you let goodell do what he does, serve owners bring someone else to address what is important to the fans that is what they need to move forward. >> a lot of factors competing, a lot, entertainment choices for viewers and fans, whether soccer or football over the world. but i think move to get rid of the player, zero tolerance policy toward this sort of

assault, that is important. and considering about half of nfl viewership is female. and caroll, they should call you, you would be a great new commissioner. commissioner. >> yes, to both of those, go caroll, and jonathan i agree, it happens quite often, as the -- you have one executive on radio called it doug williams called it small potatoes. we know there has been many other situations with other nfl stars, they are not addressing vie beenviolence, they are crosg their fingers hoping their players will behave. not far, two women stepped down, saying it is essentially a big leaf, she can no longer be part of this commission, this is codirector -- >> bring it back to this case.

tmz found this video, this horrible video, shows him pushing her down. i am wondering why the nfl didn't find it? if they were serious -- or they never interviewed kareem or his girlfriend. >> that is the insanity of the whole thing, nfl has plenty of means to go to hotel and try to buy tapes just like tmz did. but they chose not to, they keep choosing to not do the important things for doing the right thing, but important to fans, that i want to continue to have longevity, they have to put policies in place and their money where their mouth is. >> commissioner caroll, if this player was not such a star, you think he would have been kicked out sooner. >> i think it plays into it looking at different ways that different players are treated in league for different violations,

it does depend on their star power, and how much they like it tom brady is a big star, but look how much they went after him for a deflated football. >> they had nfl had the police report. months before the season began, they let him play for full seen untiseason until now. >> michelle obama, and carly fiorina, blowing holes in cheryl sandberg signature philosophy, why the lean in method does not work. >> think that sheryl sandberg represents all women, i believe he philosophy is wrong in many different ways.

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david: michelle obama taking aim at facebook's coo sheryl sandberg saying her lean in philosophy doesn't work. here is what carly fiorina told fox business earlier today. >> michelle obama in this case is absolutely right. i said it when the lean in book

first came out it's one thing to be a harvard educated pedigreed woman saying all women should take the risk of speak out and leaning in and aspire to the ceo's office. those aren't risks all women can take. the downside to the lean-in philosophy is it applies to a relatively small group of women. >> realistically i have to say, even if you don't want to be the ceo, whether you are a woman or man, you have to advocate for yourself and speak up. it's something women aren't particularly good at doing. i talk to ceos and businesses all the time and they say women don't get raises because they

don't ask for them. i think that's what carley is missing in this situation. >> i think i agree. i think i'm starting to learn even coming here work at fox business, that i need to play the game to get ahead. and i didn't realize that was a big part of it. i am not going to go into details about that on air. i did read the book and she talks about how you need to step forward. if you had a successful woman buying the book, she wouldn't have had success. i can understand she put into words what so many women do feel. you see that pay gap between men and women. it has decreased, but it's still

an issue. for some people, yes, they can lean in. but for others they can't always do that. >> i would never tell any woman how to act or what to do. but as an employer you want someone the speak out. your employees aren't there just to be sycophants. you want people to tell you who it is whether it's a man or woman. i think the women who do speak up do succeed. >> i know everyone is waiting to hear me weigh in. if the lean-in strategy doesn't work in every setting, for those for whom it doesn't work, what is the approach and please frame your answer in a two-word book title, if you would.

>> advocate yes. >> it doesn't have to be an aggressive formed a vocation. but if you have fact-based a vocation, i have done the work, this waits market pay is. you should be able to speak up for yourself or spank for what's right. and i can't think of an instance where that doesn't apply. there is always an opportunity to toot your own horn in a positive way. if you are not willing to do it, who is going to do it. david: sheryl sandberg has gotten a lot of bad press. someone who doesn't like her has been talking to the "new york times." >> i think if you are going back to the lean-in movement, that's a big deal. her role with facebook and her

connection to waishes an issue but this is a separate the conversation. >> facebook is a target as well. david: that was a wonderful discussion. great hour. that does it for bulls and bears. we'll see you tomorrow. our expectation is phase one will be implemented immediately. >> we have to make sure there is enforcement on any so-called agreement. >> that's part of the negotiation with specific time frames fan specific commitments. we are covering more ground than ever, they are more cooperative than ever. >> there will be penalties if china doesn't meet the timelines in the commitments. liz: a report chinas