some of which were signature accomplishments and great things. but if he had not accomplished some things like raising taxes. liz: thank you so much and thank you for having us in your homes. lou dobbs is next. >> lou: good evening.we have a . our top story is a major selloff on wall street. the dow jones industrial, s&p, the nasdaq all falling more than 3%. the dow plummeting 799 points. bank stocks hit hard. bank of america, citigroup, all down more than 4% of the day. regional banks even harder hit.

undaunted, president trump standing strong with his trade negotiations with china. the president vows to add more tariffs of the country cannot make deals that are fair, reciprocal, and balanced. >> we have taken historic action to bring back american jobs by cracking down on china's very abusive trade practices. they want to make a deal, and that is good. i like them and their president. but we are going to make a fair deal. there's a difference. no bad deals. >> we take up the latest in these markets. he he insist that they abandon their mercantile policy and agree to fair in reciprocal trade and in their piracy of american intellectual property and technology. many who consider him a financial force in his cabinet is the secretary wilbur ross. he is with us tonight with his insights on these volatile

markets. also also, the d.c. swamp is awash with leaks, rumors and speculation about the robert mueller witchhunt. is it coming to a close? the special counsel may be tying up loose ends in the russia witchhunts. there are considerable leaks and rumors that the spec shall counsel will file a sentencing memo shortly in the case of michael flynn. what does all of this mean for their probe that's discussed in barren allegations of russian inclusion? to answer questions, attorneys gregg jarrett and mitchell are with us tonight. our top story, major markets off on wall street. the dow fell just less than 800 points. the s&p down more than 90 in the nasdaq down as well.

they're measuring stocks falling $1 trillion in value today. the wall street dive communist china claims it will take action against the theft of intellectual property. whether china's declaration is any more than lip service to the united states remains to be seen. foxbusiness, edward lawrence in washington today. he is the latest force. >> that is a key question. china started to take steps they said they would take. today, the chinese government released an outline describing in detail what would be considered stealing intellectual property of another company. the document signed off by government agencies including the supreme court. it lists public shaming to adding the company's name to an online list of offenders, to barring trade, to denying government subsidies. steve mnuchin says that he believes this time, chinese are

not all talk. >> they have a lot of work to do, but i think this is the first time we've had a direct agreement between the two presidents. president trump and president xi jinping. i think xi jinping made some commitments on structural and nonstructural issues. if we can get a real agreement this is the single biggest opportunity for u.s. business and workers. >> still, they lost on the state hundred points, tweeting that trump is a tariff man. that when people are companies come to radar wealth, they want them to pay for doing so. his economic advisers are doing damage control. >> what the markets have to do is give this process time. it's just normal for markets to react. >> but the tariff policy by this policy to china is still on the table. literally bringing them to the

table. we have only seen talk up to this point. john bolton says that china buying a bunch of agriculture is not the goal of this relationship. >> we don't see the american future being a third world country supplying natural resources and agriculture products to china. we need to see major changes in their behavior. >> trade sources say china is planning to meet again before the end of the year to continue trade talks. the president still has an 86 day deadline in place to protect intellectual property or tariffs on china. >> lou: thank you very much. john bolton cannot be more correct. that is, agricultural products are not the future of the chinese trade relationship with the united states. no matter what the chinese may want. thank you. >> lou: joining me tonight, the

90 day tariff truce and timetable for ultimate success in negotiating the u.s. china trade relationship and of course, today's extraordinary stock market decline. we are joined by commerce secretary, wilbur ross. mr. secretary, great to have you with us. no better person can we talk to then you on what is happening in terms of administration policy and its correlation to the markets and the economy. the business press in this country has gone 24 hours from declaring amazingly that president trump had succeeded with a construct in a trade relationship between china and the united states would resolve all of the problems that exist, whether it is theft or perpetual

deficits we trade with china. today, almost an 800-point drop in the dow. let's go first to trade. i have heard all sorts of flapping lips today from sources talking about trade. it seems there are only two issues that are the metrics by which success will be judged. the first, when will that trade relationship be balanced between china and the united states? secondly, when will the chinese absolutely stop stealing u.s. intellectual property and technology? do you agree? >> i agree those are two elements. if you look at the trade deficit overall it has two components. one is geographic, that is called china. the other is a product line called automotive. if we don't solve those two, we

are not going to solve the trade deficit. it is clearly defined what those issues are. that's why, for example we put in the 232 tariffs on steel and aluminum. the bigger question more complicated one, and i suspect the harder one ultimately to get resolved, is the whole thing about forest technology transfers, theft of intellectual property rights, cyber security breaches. the whole 9 yards on stealing our technology. that is our future. that is why the president isn't going to stand for it any longer. he and i come a few weeks ago, probably sign the 10 millionth patent issued by the u.s. no country has ever achieved anything like that. half of those were in the last

25 or so years. the pace of our technological change was improving. >> and over the course of the last 25 years, that means a high significant number of those patents are in the possession of the chinese government. right this moment. correct? >> that is tragically true. the mistake that was made when we admitted china to the wto was doing so on the theory that they would play by the rules, but not putting in an enforcement mechanism in case they didn't. guess what, they didn't. >> lou: they didn't, it was 28 years ago that president clinton decoupled human rights from trade policy and to our everlasting detriment in that

relationship, the result is massive, trillions of dollars in stolen and intellectual property, and trade deficits we have run with china. this is not something that could be tolerated. yet, this president was being actively engaged in corporate america is fighting him tooth and nail at every turn not to do disturb a trade relationship that is eating away the country's wealth and as you say, destroying a significant part of our future. >> the problem is, for corporate america, most have made a devil's bargain. they are operating relatively comfortably in china. they have made the decision to benefit their short-term earnings even if it means over the long term china displaces their very own technology.

that is a bad bargain, but it is driven by the quarterly earnings and it is a very short sighted decision that some of these fellas have made. >> lou: mr. secretary, we appreciate you being with us. we thank you for your time and wish you continued success. >> keep spreading the truth. >> lou: yes, sir. up next, it took just 24 hours for the left-wing national media to change their tune about the president's trade truce with china. >> the global markets have a trade war truce. >> will take a turn to the trade war which may be over or on pause for now. it has one group of people, market participants feeling optimistic.

the dow plummeted 600 points over fears of an economic slowdown. many believing that trade truce between the united states and china was a bit of a fabrication. >> the key concerns have been trade wars, they have been oil, basically resolving those issues. that means there is a lot of runway for them to go higher. >> we started lower with trade deal coming together between the united states and china. >> lou: will take that up a more right after the break. stay with us, we will be right back. (vo) 'twas the night before christmas

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>> lou: some call him the creepy porn lawyer, we just call him michael avenatti. he will not run for president in 2020. that should gladden and break the hearts of money. joining us tonight top strategist, former political director, and rawlins. great to see you. let's start with china and the

united states. it is almost as if americans now have to raise their hand and asked china, pretty please would you quit stealing from us. whether it's intellectual property or technology. do we have to lose trillions of dollars in economic growth just because you say so? we are in a peculiar position. if president trump hadn't stood up, we would be devastated. >> my sense is that china is very strategic. they know what they are trying to do to us. we have been a week partner to them over the years we have let them steal what they wanted to. the idea that they'll put your name on a board that says you're a bad guy in china is absurd. everything in china's the government. corporations are all in bed together. american people basically want to do their own thing. if you have an in road there you

just keep going. >> lou: think about who we are with this president. with president trump, he wants to build a wall and stop the importation of billions of dollars of methamphetamine, marijuana, heroin, cocaine, opioids, and, he wants the chinese not to ship us all the fat and all in deadly drugs they bring into this country. he has to get everyone support for that in this country. what in hell is wrong with the american people that they don't understand this president deserves their support because he is trying to protect their lives and that of their children. >> i think that is a message he has to keep pounding every day. >> he pounds at every day. >> but it doesn't get carried. the problem, there's one network, and that's us that will

do anything to carry his message. multiple other network. >> why is in every preacher in the country talking about it every sunday? why is in every school talking about it with their schools. why isn't every history teacher -- it is incredible to me. higher education is in doctor reading american students beco o become left-wing radicals instead of pointing out what a great country this is. >> it will continue to be a great country we have good leaders. it might be frustrating to him. >> why should it be frustrating? why shouldn't be frustrating for the american people to see him be assailed every day. you're watching robert mueller trying to kill him. your watch and paul ryan trying to kill him politically. you're watching mitch mcconnell wash his hands of the whole thing instead of standing up for

the country. it's despicable. for the left to do it is one thing. it's understandable they want to oppose him. >> first of all, you will see a real opposition party in a few months. they will make his life that much more miserable. he is a tough guy and will continue to move forward. everything you have done has done in half network. the bottom line is others are the opposite every single day. >> i'm asking what is the solution. if it weren't donald trump, say it's a pencil neck week who is afraid of his own shadow but has the same comprehension power is this president speaking to the american people. why in the world would they not support a man who is the strong, as much as they would one who would be as weak as a fictional

character. >> in the past years everybody wants to have civility and everybody wants to be loved and not argue about these important issues. i think he's the only one who will change all that's. >> lou: that's not the answer i wanted. >> it's not what i want to give. you have idiots like this lawyer who wants to run for president and says i'm not going to run anymore, give me a break. where's their strength. he's got strength, he will be tough to beat. >> lou: the president is. >> and he needs president like him. >> lou: he has a whole party behind him. you know who's in it? geniuses like mitt romney, rhinos like mitt romney, jeff

flake is exiting incomes. good luck to this president. the establishment doesn't seem to give a damn about the middle class on those who aspire to it. all they want is their way. it's extraordinary. >> will you have donald trump was his finger on it. >> good to see you. >> lou: we are going to find something else to talk about. we'll think about it. be sure to vote in our poll. the question is, deeply president trump will enforce the munro doctrine against chinese, russian, and iranian intervention in the western hemisphere? pastor wrote on twitter at lou dobbs. follow me on twitter, like me on facebook and follow me on instagram. next, their new signs robert mueller could be, may be, might be, potentially, hypothetically

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>> lou: the rich hunt goes on. robert mueller is expected to file a sentencing memo for general, michael flynn at almost any moment. mueller has a midnight, tonight deadline. flynn pleaded guilty despite claims from call me and his deputy, andrew mckay. remember him? they both said two fbi agents who interviewed flynn thought he was telling the truth. joining me to talk about all of that, mueller's legal filing on flynn, paul manafort and others.

the oklahoma house of representatives and gregg gerr gerrit, fox legal analyst and author of the new york times bestseller, the russia hoax. a sentencing memo for general flynn. his sentencing now we are in december. i think this is the fourth sentencing date. your thoughts about where we are with at least general flynn? >> this is such a travesty that this special prosecutor has inflicted on this fine person who served our country. you hardly know what to make of it when you think about the fact that the special prosecutor has basically created crimes that took place after the

november 2016 election because of the expansive, to expansive orders he was given. the fact that rod rosenstein has not overseen improperly. he has unlimited budget, unlimited resources of, unlimited power, unlimited time. that is what jeff flake is worried about that robert mueller needs to be protected. >> there will be a national cheer when jeff flake finally exits at least the d.c. swamp. gregg, your thoughts? general flynn has nothing to do with collusion with the russians. >> that's right. he likely has no information to provide mueller with collusion with the russians to win the election. we know that because he would be

charged with collusion. whatever that crime is. he will be charged with something, and he wasn't. he was charged with the process crime. second of all, clearly now that mueller is moving to sentencing he will not use michael flynn as a witness against trump. he would delay the sentencing again if that was his intention. it isn't, so it's a big nothing. >> the sentencing memo would detail the trade made between flynn in the special counsel in terms of eliciting some sort of benefit information. >> although, it may be under seal we just don't know. it could be only flynn and the lawyers would know. >> let's turn to the possibility because the swamp is awash with these rumors. i love that word, a wash. awash with rumors that we are seeing the mueller witchhunt wrap up.

in every instance the expression is tying up loose ends. your thoughts? >> i am not optimistic if that's the case. it may be because the democrats have taken over the house that he will now feel it's appropriate for him to handle report over to the likes of adam shift and others so they can initiate impeachment proceedings. that's actually what this is about. the start of the counterintelligence investigation in which the obama administration was spied on the trump campaign. they morphed into going after these people and either force them to commit crimes or find some time. i think had the republicans retain control of the house, we would not be hearing the rumors about wrapping up. >> lou: i basically am not particularly upset that the

republicans lost control of the house. i am so tired of the feudal baloney that resulted in all of these investigations led by the house. going back to benghazi in fast and furious, all the way to the most recent subpoena, fired fbi director, james call me. could you imagine, anything more impotent than the actions of the judiciary, the house oversight committee and all of this? >> i agree 100%. as far as collusion is concerned, the facts don't support it. the law doesn't support it but that doesn't mean that muller, because he hates trump and is incredibly biased in the evidenced is he is unscrupulous will nevertheless write a report

that will imply based on flynn's is circumstantial evidence that meeting with russia somehow crime or the tweeting out of this obstruction of justice which is ludicrous. but, this is mueller who is pals with comey and rosenstein in the whole game. they will write a report that will try to damage trump and democrats in the house will use for impeachment. >> that's what this is about. it's never been about anything that getting rid of the president that was duly elected in 2016 and nullifying the results of the election. >> and the cowards who make up both parties and their leadership who would not stand for this president. the american people ought to be embarrassed they elected a single one of these.

>> there are a few who tried but they have been thwarted by the republican leadership in the house. i have seen no evidence that senator richard burr who is chairman of the senate intelligence committee, i don't know that he has a pulse. that is basically what i have witnessed. they allowed the democrats to run that investigation from start to finish. it is very frustrating. >> lou: you get the last word. >> there is no evidence. two congressional committees review 2 million documents witnesses did not give up a whiff of collusion. it's all conjured up by comey's fbi and the department of justice under the barack obama administration. >> lou: every american should believe, every day, what if this president to not have the individual personal strength of

his immense capacities. a lesser man would have already been devastated and destroyed by these relentless attacks by the week hi you those who make up the left-wing media. thank you for being with us. >> up next, president xi jinping, he has been spending time in panama on portugal over the last couple of days. he and the president met in buenos aires. they are spreading influence over europe and yes, central and south america. gordon joins us after the break as we look at american interests in this hemisphere. stay with us. we will be right back.

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>> lou: let's review the bidding on wall street. stocks closed much lower. a huge cello fal sell off on the day. the dow fell 799 points. the s&p lost 90 and the nasdaq down 293 points. crude oil down half a percent nearly $53 a barrel. the goal close flat and sober up

a little. copper down nearly 2%. a reminder, listen to my reports three times a day, coast-to-coast on the salem radio network. china promising big changes in the supply of fentanyl to the united states following the meeting with the chinese president. it will label fentanyl as a controlled substance. it will crackdown on exports to the u.s. it will punish people who do that in china, even though it's an autocracy and run by the communist government and they will share information with our law enforcement. if you're not excited about that, you can't be excited. just kidding. joining me now to talk about the efforts to extend tribe used dominance around the world. are you kidding me? we are talking trade with xi jinping and he is killing americans every day with fentanyl, other opioids. he is taking over much of latin

america. indeed, the world. right now, let's worry about the american sphere of influence which is, this hemisphere. >> clearly, you see the chinese all over latin america, especially venezuela. they are promoting an awful form a bottle of development. of course third dead trap diplomacy. >> lou: when you talk about the death trap people don't understand what that means. they have a lots of money. these developing nations need a lot of infrastructure. >> they make payoffs to leaders of the country. they extend loans at a very low rates, making it easy to take on debt. a lot of the countries end up owing money to china not being able to pay back. >> lou: and then what happens then? suddenly chinese owes owns a lot of infrastructure whether it be in latin america or wherever.

>> china has the first overseas military base in djibouti. earlier this year the chinese use lasers, i think it is the first time since the end of fighting in the korean war where we see china injure america's service personnel. >> lou: we ought to explain something about djibouti. , that little nation happens to also be the home to the united states most strategic bases in the chinese built one right next to it and confronting u.s. power around the world. in this hemisphere, do you believe this state department, i'm listening to mike pompeo talk about issues. i'm listening to the cia, gina

haskell talk about the khashoggi murder and who is responsible for. i'm not hearing anybody talking, democrat or republican, this administration or anybody about what is happening with the chinese and it's taking over the panama canal, whether taken over panama itself in creating new infrastructure deathtrap deals throughout south america. by the way, the argentinian president wrapped up a deal with president xi jinping in buenos aires. >> in 2013, john kerry, when he was secretary of state formally renounced the monroe doctrine. it is meant to prevent other countries for participating in colonialism in the western hemisphere. we are now opposing chinese neocolonialism in our hemisphere. we see this throughout africa. if we don't want latin america

to become the next africa, we have to work hard with these countries. >> lou: i don't know what the u.s. military is doing, whether it is venezuela, panama, we have protested the building various chinese embassy in panama. what have we actually done about the sub version of u.s. influence and to superseding china in this hemisphere. >> lou, we are paving the way for china to take over runway, djibouti is on the far side of africa, were giving up a military base and essentially the chinese will take it. remember xi jinping has also gone to portugal. >> lou: he started out before buenos aires and spain and then to panama. now, to portugal to wrap up the deal. he wrapped up deals in argentina and i am talking about 20 deals

in argentina during the g20 summit. another 20 deals in panama of the savior portugal. >> this is going to be important. we don't want chinese planes flying over the atlantic. >> lou: i don't want them flying anywhere near this hemisphere. end of story. and i don't think this president is either. man, does he have his hands full. he has these hyenas around him all the time. you talk about the strength of the man, good lord. we cannot be grea great gratefu. >> it seems like middle class working men and women are just a little fed up with france's socialist policies. their carbon tax and a lot more.

we take it up with washington times. charlie joins me next. stay with us.

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>> following protest through th. the french president, emmanuel

macron, his plan was aimed at global warming. this was the same tax barack obama once labeled as elegant in 2015. >> i have long believed that the most elegant way to drive innovation and to reduce government emissions is to put a price on it. >> that, you can tell was the result of his deep thinking on economics and of course, the environment. probably doesn't seem like such an elegant idea now after all that we have seen on the streets of paris and continue to witness. joining me now is charlie, foxbusiness contributor. macron's popularity is at an all-time low. a socialist and still pushing nonsense and blather.

he is withdrawn for at least six months from his idiotic ideas that fall squarely on the backs of the french middle class. >> this is what i don't get. if the world was about to careen over in the abyss and were all about to die because of global warming, and the only answer is a carbon tax, tax on gasoline, diesel, if that's the only way we salvage the earth and that's what these people believe, how dare they throw away our future by withdrawing the idea. but, if they're peddling this fear mongering, and of the world nonsense that they been doing for decades. al gore has built a career doing and scaring the daylights out of

people with all this crazy unfounded nonscientific rhetoric. >> is like a debate club, they like to take over the world and it's a perfect opportunity in global warming. they really think they need to reform and transform our global geopolitical systems, our national government and come up with something run by the united nations. >> all because of global warming. >> despite the fact that there is great debate over there is that warming. >> of course, this global a stick agenda but there

answerable to nobody. we fought a revolution in this country. france fought a revolution in their country. >> lou: they may be fighting a new one soon. >> soon, it looks like it's already upon us. it is the exact same thing. these geniuses, these globalist elites believe they know what is best for people. the proposals and remedy they put forth have real impact, damage people's livelihoods damage the ability to provide a decent life, they don't care. >> they don't care, i'm not certain how much people care was happening in this hemisphere as we watch the chinese extend their influence into this hemisphere, in contravention of the monroe doctrine. whether it is building out for

the purpose of owning and controlling the panama canal, any number of projects in argentina. i love the fact that the president of china the president of argentina signed 20 various deals on infrastructure, the financing and construction of all sorts while the g20 summit was going on. and the focus on tariffs and much of the business press. they have no clue what is going on. >> say what you want about donald trump. you can complain about his style. >> lou: not here, you better not. >> the bottom line is, he is the first person we have a memory who is confronted the chinese. he said enough dumping on us and stealing, enough trying to take over the world and take over our hemisphere.

if all these people around here in washington have such a problem with that and think you shouldn't be doing the than they're doing a poor job explaining that to the people who are in charge, and that's the american voter. >> lou: it would be nice to see the american people take charge once again. the president is trying very hard to make that happen. >> up next, president trump tweeted quote, china does not want tariffs. we will have more in the trade dispute when we continue. stay with us. we are coming right back. ..

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accepted by the ada. oral-b. brush like a pro. lou: we begin with president trump demanding fair and reciprocal trade with china. >> the bigger question and the more complicated one. i suspect the heart of one to get resolved. theft intellectual property. cyber-security breaches. the whole nine yards and stealing our technology. president trump isn't going to stand for it any longer.

congressman andy bigs and harmeet dhillon among our guests. good night from new york. president trump's long-time confidant roger stone invoking his fifth amendment rights saying he's not going to provide the senate with testimony about potential russia collusion. the reason he's not going to testify, mr. stone wanted everything out in the open. he called it far too overreaching and long ranging.