policy. liz: we're showing old video in 2018, where three automakers ceos, came to congress hats out, give us money, that becomes the problem. thank you very much, paul dietrich. that will do it for us. will we see markets bounce tomorrow? you have got to tune in. i will see you tomorrow. ♪ connell: all right, farewell to 41. the stock market today is closed as the country honors the life and legacy of president george herbert walker bush. special air mission 41 is in the air right now, currently on the way to houston, texas. the plane carrying the casket of the former president, set to arrive later this hour. special day in the country. we welcome you to a special show on a wednesday. i'm connell mcshane. lauren: i'm lauren simonetti, this is "after the bell." the nation says final farewell

to president george herbert walker bush. thousands pay their respects and leaders around the world honoring president bush's career, the lifetime of service at the state funeral at national cathedral. >> i believe it will be said that no on pant of the oval -- occupant of the oval office was more courageous, more principled, more honorable than president george herbert walker bush. >> to succeed he had to prevail. politics is not a pure undertaking not if you want to win it's not. an imperfect man, he left us a more perfect union. >> you would have wanted him on your side. he never lost his sense of humor. he never hated anyone. his ephithet? perhaps just a single letter, l,

for loyalty. it coursed through his blood. loyalty to his country, loyalty to his family, loyalty to his friends, loyal to the institutions of government and always, always, always, a friend to his friends. connell: some memories there from those who knew him best. former president george w. bush really keeping his composure while he was delivering a eulogy for his father today, right up until his final few words. >> we're going to miss you, your decency, sincerity, and kind soul will stay with us forever. so through our tears let us know the blessings of knowing and loving you, a great and nobleman. the best father a son or daughter could have. and in our grief, by this smile knowing that dad is hugging robin and holding mom's hand

again. connell: robin, george w. bush's sister who had died from lukemia when she was just three years old. bill mcgurn joins us from "the wall street journal" where he is a columnist these days. bill, you may or may not know was chief speechwriter at the time for president george herbert walker bush. that was some eulogy. what did you make of it? >> it was extraordinary on two levels. it was one president saying good-bye to another president. filled the same shoes, sat in the same chair, borne the same burdens. that was extraordinary in itself. that was a son for a father. that came through at the end. my heart went out to president george w. bush who i worked for, he talked about tears. he knows tears are for this world. his father is in a world beyond tears, he spoke confidentially of his christian faith he will be with his father once again this time. connell: it was really

remarkable to watch today, just for those reasons you point out and others. there were so many personal remembrances. alan simpson had some and brian mulroney did as well, former canadian prime minister, a friend of the family. that you worked for george w. bush, a picture we want to put on the screen of president george h.w. bush. when we see the picture, bill, of him, i believe your daughter lucy in the picture. tell us the story behind it. >> this was at official unveiling of his son's george w., portait at the white house, in 2012. my daughter was there. she saw this old man in the corner. she knew it was president bush's father. not talking to minute. she went up to him. they had a 15, 20 minute conversation, where he treated her as though she was a secretary of state. speaks to the man. so many people you find outlined the scenes they were so

different. what made today so special, memories, everything was confident who this man was. he was the same man at the end of his life, than at 18 stepped forward to wear the uniform of this country. connell: remarkable so hear so many people mention the term or the trait, humility. there were other things mentioned as well, even with regard to his foreign policy, whatever the context might be, i thought one of the best lines, as former speech writer as well, alan simpson said who was speaking those who travel the high road of humility in washington are not bothered by heavy traffic. he was speaking how hum this president was. it stood out in our politics. >> it was a great line. president bush was sometimes mocked during his life, for embodying these waspy values and heard him called patrician in privilege he grew up. at the heart of that life,

obligation to neighbor. high school he went to, motto was not for self. no man lived that motto over nine decades better than george herbert walker bush. connell: thanks for your own remembrances today. >> thank you, bill mcgurn. lauren. lauren: president trump changing tune on possible trade truce with china after yesterday's market selloff. blake burman. is at the white house. blake, words matter when we talk about the markets and economy. reporter: they do. it has been a quiet day for president trump during the national day of mourning. the president and first lady heading over to the national cathedral today to take part in the memorial service for the 41st president george h.w. bush. before that the president sent off a couple of tweets, series of twists he seemed to give a nod as developments relates to u.s. and china on trade. one of the big outstanding questions, when you look at differing statements between the united states and china was,

whether or not china would acknowledge this 90-day negotiating window and today they did just that. a spokesperson for commerce ministry saying to reporters the following, quote, the economic and trade teams of both sides will actively push forward within 90 days in accordance with a clear timetable and road map. this of course comes after the chinese just yesterday appeared to give in to one of the u.s.'s big demands, that being the theft of intellectual property. making sure that would not happen as china outlined what punishments would be for that going forward. president trump seemingly taking notice on all of this as he wrote this on twitter before heading over to the national cathedral today. said quote, very strong signals sent by china once they returned home from the long trip including stops from argentina. not to sound naive or anything, but i believe president xi meant every word that he said at our long hopefully historic meeting. all subjects discussed.

also today in a separate issue the president continued to weigh in on opec, hoping their upcoming decisions would keep oil prices down. the president tweeting quote, hopefully opec will keep oil flows as is, not restricted. the world does not want to see or need higher oil prices. quiet day for this president and understandably so. lauren? lauren: blake burman thank you very much. miserable selloff for stocks, ending down about 800 points. the markets are closed for a national day of mourning, bush 41, hope for rebound this morning trading resumes todd horowitz, bubba trading and jason rotman, lido isle. >> good afternoon. lauren: does the train get back on the tracks tomorrow? >> hard to say, lauren. the stocks are in wide, sweeping

consolidation pattern. 24,000 dow, 26,000 dow. on monday the inability to violate, to stay above 26,000 is just as much to the selloff as anything else. i think that showed the market is not ready to break out back to the upside. can we see a little rally tomorrow? sure but i think we stay in the range until we break out to the upside or to the downside. i happen to think we're be to the downside. for now i think we're in this big, wide range. lauren: jason, do we break up to the upside or downside? how much is misinterpretation what bejing said, what they will do and how much is a real sign of the economy slowing? >> i think you have a few key factors at play. one of them is still unknown. more or less. as far as the, china-u.s. kind of trade war/resolution. it is looking good i think is

why the stock futures are up right now. you have another factor which is rapidly shifting in the favor of the stock market going higher which is rates are going down. the market is now anticipating that the fed, in spite of what they said the whole year, that we'll do rate hikes three to four times, now the bond prices have gone up, interest rates have gone down, maybe everybody thinking there will be one more rate hike left, if that. so i think you have that as a major tailwind. i don't think we'll hit new highs this year but next year should be okay. lauren: what warning signs, todd, is the bond market and market flashing for you? >> i think when you talk about the inversion of the yield curve, twos and tens, i don't think that is big of an ordeal. i think what you're really going to see, lauren, going forward, earnings guidance will not be as good. higher labor costs. still higher interest rate costs are higher to cut into the bottom line. cuts off cash at bottom line.

i think earnings will struggle next year. i think that signals part the slowdown we'll see. lauren: todd, jason, thank you very much, guys. connell: you guys talk about trade and markets. i do want to point out we have a very special day planned for tomorrow, hitting both of those subjects. i'm heading out to a u.s. steel plant outside of pittsburgh, pennsylvania, reporting live from there all day long. this time tomorrow, on "after the bell," catch my exclusive interview with the ceo of u.s. steel, one of the companies sees itself as so-called win irin the trade war. david beard on 4:00 p.m. eastern. so many questions about not only impact of tariffs now but the future, right? are they keep hiring or spending? what happens if the steel and aluminum tariffs go away. should be good. lauren: this time tomorrow. grilled on capitol hill, general motors ceo mary barra facing tough questions over the automaker's decision to close u.s. plants and cut thousands of

jobs. is the future of the company at risk? we'll take you live to capitol hill where we're waiting for mary barra and senators to speak after that meeting. we'll bring you comments as that happens. connell: i swear that is edward lawrence. latest facebook bombshell that suggests the tech giant put your personal information at risk again. lauren: final journey home. special air mission 41 carrying the casket of former president george herbert walker bush making its way to houston, texas this hour, as our nation honors the life of the 41st of the united states of america. ♪ ♪ the greatest wish of all...

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mary barra currently meeting with two senators from ohio, one of the states hit by gm 15000 job cuts and plant closures. edward lawrence on capitol hill with the very latest. she is there. she has to explain herself, right? reporter: exactly. a lot of people want to hear from the ceo of gm what their decision was, thinking was, cutting 15,000 some jobs, closing four plants in the united states, also one in canada. we're waiting any minute for her. she arrived here on capitol hill. right now meeting with both senators from ohio, senator rob portman and senator sherrod brown. they're answering obviously some very tough questions for her that she has to try to defend exactly what her decision was in terms of her thinking. both senators said ohio was there for gm when they needed them. now gn needs to be there when ohio needs them. they are obviously very upset about the decision to cut jobs and would like to see them to be

reversed. for her part she says they need this restructuring people are not buying cars coming from those plants there. again she is defending that decision. we'll see exactly what comes out of the meeting. we're expecting them any minute. back to you. lauren: edward lawrence on capitol hill. thank you very much. connell: we'll watch the steakout position as we bring in gary gastelu, foxnews.com automotive editor into our new york newsroom. i talked to senator rob portman on all of this, his, we know they have to make business decisions, they being general motors, this ohio plant, famous plant. the lordstown, ohio, plant which would like to see them build other cars there. if sedans are not selling what about electric cars or something else? wonder if they will be convince her of that? >> the problem is they don't need for immediate

manufacturing. chevy lizzer is made in mexico and production plant in tennessee. electric cars are pretty far down the road. they will have 20 next five years. some are versions of existing models. they may not have all new models that will require their own plant. the big problem here they should have known they would have to answer these questions when they made that announcement last week and they didn't have the answers for them. frankly i don't think there is an answer. i think plants will be closed for some time. connell: that is part of it. you watch, been so-so many steakouts live waiting for government official or business person, you saw the microphones go out. clearly something said they're coming. not there yet. rob portman, sherrod brown, mary barra come to the microphones we'll take you there live. gary i may interrupt you for that. this whole idea you were bailed out. that is the argument from the government. you owe us one here. i don't know what to make of that? >> i think only thing they could have done save one of the plants

with the chevy blazer production allocate that there instead of going to mexico. nobody is expecting general motors sales to explode over next year or two. they will not need new production lines coming up anytime soon. there is not a whole lot they can do for factories in the united states now. connell: you know the industry well, covered it a long time, what is the buzz or recent auto shows talking to executives there is general motors story or something take away from the a the industry or b the economy what general motors said? >> we'll hear something similar from ford real soon. we'll get more information on their restructuring. connell: they are avoiding job cuts, they said that, or we don't know yet? >> job cuts are likely coming. they actually shifted a couple of shifts from one plant to another. actually two plants to another plant, moved jobs another place. they will be eliminating positions in coming year as

well. no word on scale. morgan stanley analyst said it will be 25,000 worldwide. ford said that will not be the case but we'll be hearing something from them in a few days on this. connell: what role has trade played in all of this? to hear president trump talk about, or hear general motors statement, they were careful to avoid saying they had direct impact, the company already said cost a billion dollars, the trade war? >> i'm pack is really on the bottom line. it is not on sales of any of these vehicles, we're not talking about a lot of export vehicles coming from these united states-based plants. real issue. people were not buying these cars. connell: right. >> vehicle they're replacing with will not be built in the united states. as far as what's down the road we have still to hear what the full story is. connell: the trends have been happening, take time to develop, decline in gas prices has been rather, has been fast this year. so i guess it makes more sense to people who already may have been predisposed to own a suv,

you know what, may as well now, i can afford the gas. the trend towards that type of vehicle out of preference here in the united states has been there for a while. the idea of electric playing a larger role, something we heard about for years, years. not like really jumped out at us, which of these car companies is best positioned from what you can tell covering them? >> look the bottom really kind of fell out a little quicker than people expected on the cars, not necessarily the shift to electric cars, cars like the chevy cruze and mid-sized cars. people moved to suvs a lot quicker than a lot of automakers expected. look, japanese brands will still be building their sedans right now but sales are down there as well. will be hard to see who will pick up the pieces from any of this. i think it is really a wholesale shift to suvs coming soon. general motors, ford, chrysler already repositioned itself for the new reality. lauren: it is lauren, gary, gm

unveiled guy and silverado. it is tremendous. shows how our tastes have changed but there is politics in all of this. there are senators rob portman as well as sherrod brown from ohio. they're about to speak on their meeting with mary barra. let's take a listen. >> put the plant lordstown, ohio, unallocated status. she can talk about what that means. we're very disappointed by the decision. we believe the workers in the community of lordstown, proved themselves time and time again for five 1/2 decades, those workers done their part. this is. >> j.d. power said this is the best gm assembly workforce in all of america. >> quality. >> we know the impact this has in the valley. they laid off 3,000 workers already. this next year would be another 1500 workers. then there are thousands in the supply chain. and then thousands of them, they're making components that

go into the cruze. and thousands of other workers in the valley, we know what that means to them. senator portman and i will continue to fight to get a decision quicker rather than later on putting other selective vehicles or some other chevy blazer, something else in this plant. >> just as the workforce with general motors over the years we expect general motors now to stand with this workforce. give them a chance. woe talked about a lot the possibility of bringing other products into the plant. that is what we would like to see. general motors expects to build 20 new electric vehicles next five years, 20 new models. we want one or more of the models to be built in lordstown, ohio. that is where it belongs. we had a very good, candid discussion. we will work at every level, local level, working with state government. sherrod spoken with governor kasich, i spoke with

governor-elect dewine. we're working closely with the state. at the local community, drive it home campaign, uaw, chamber of commerce working together to show you what kind of support we have locally. talked at federal level. spoke to president trump today about this issue. he is very committed to help the assembly plant in ohio. spoke to secretary acosta, labor department, eager to try to be helpful. we're trying everything we can to insure workers at lordstown, get the support they deserve now to be able to build another product. not asking for charity but what we're asking for is to give the community and the workforce the opportunity to once again show what they can do. >> ms. berra will tell you, she is honest about that, they are looking for ways workers lost jobs, to work at other gm plants around the country. that number is finite.

work on it is on going. people want to stay in the valley, work in this plant, done it for almost 53 years. they're rated the best in the gm system. chairman portman and i will continue to ask her find a way, bringing production from mexico, whether building electric vehicle there, any one of electric vehicles there, they ought to build cars. this community had a threat like this 10 years ago. they fought back. they did a similar drive it home campaign way they're doing it now. we stand with the commune to get something in this plant, and keep these hundreds and hundreds, or thousands of gm workers -- >> we're late for vote. couple quick questions. >> nbc news. gm is benefiting from a massive corporate tax break in the last 12 months. also received $14 billion in taxpayer bailout money over last eight years or so. yes, repaid it but the question is, does this decision come as surprise to you given that history?

>> we talked both of those issues as you can imagine. you're absolutely right. if you look at tax reform proposal it lowers the rate for general motors in terms of their income tax rate. as an example is 30%. we used to be at 35. now we're at 21. more competitive to be a company invested in merge. but second and significantly for us, you get immediate writeoff for invests if you invest in plants like lordstown. so the tax bill is exactly the kind of thing that general motors should be using to reinvest in lordstown for a new product. we understand that the cruze isn't selling like it used to. that is a market condition. we can't change that. but we also understand that plant deserves the support of this company that supported it so well over the last five decades. >> let me answer that real quick. i was here, my second year in the senate when we began the process on banking committee of rescue of gm and chrysler. we say we, taxpayers, this government saved that company. they have had many tax benefits

since. i spoke with the president personally last week on fixing some of these tax issues that i think could make it more likely that they stay here. we need the cooperation of gm and we need cooperation of the federal government to do this right. >> what kind of pressure are you putting on gm now other than just asking? >> did you receive a commitment? >> this is the commitment that we received so far. one, as senator brown said there are ongoing negotiations. i think there is a september or fall deadline for the uaw contract. both of us want to be sure that both the company and uaw expedite that as much as possible to get to a decision so there is less uncertainty. she agreed that was essential opportunity. she has said to us, she is willing to keep an open mind, but, does not want to raise expectations. that is a fair way -- >> she heard us say, rob and i say over and over, uncertainty

for these 1500 workers and two shifts before where its more than uncertainty, 3,000 workers lost their jobs, uncertain think of all the supply chain, 5000 jobs, dozens and dozens of employers in the three-count area and larger who have to make decision what is they are going to do with their companies and their equipment, all of that means we have, we have pushed her hard. she has been cooperative in terms of trying to speed up. we need decisions made. are they bringing in an electric vehicle? are they reaching into their plant and look at one of their suvs, doing it in this plant? they can do that. they have been, they have been the beneficiary of a tax bill that is produced some dollars for them to reinvest. some of it has gone to stock buybacks but a lot of it can go to reinvesting in this plant. can go to retooling this plant. >> thank you. [shouting questions]

>> thank you. >> she said that she would continue to work with us and that's, we'll continue to do everything we possibly can. >> and she will speak to the union today as rob and i will speak to the union about accelerating the negotiations in terms of decisions on where they locate plants. wages and benefit negotiations are not our business. that's the union and the company. whether they make, where they make these, where the union and company together decide on locating the plants for these new vehicles or, move vehicles, this matters to this community. >> thank you. >> 3,000 jobs. >> thank you. connell: live coverage from capitol hill of two senators from the state of ohio, one a republican in rob portman, the other democrat sherrod brown, expressing their disappointment with general motors meeting with that company's ceo mary barra, that gm still plans to go forward with the restructuring

which means job losses in ohio and closing of iconic general motors plant in lordstown, ohio. gary gastelu is still with us. you heard before we spoke in the news conference, they're moving in different direction. they're expressing a different goal. mary barra, talking to reporters. we'll listen. >> anytime we make decisions they are incredibly difficult because they impact the lives of general motors team members. our focus is on all of them. we're working to have a plan for every person of opportunities we have across the country for them to be able to transfer or consider. >> what if they want to stay in the places, what about my friend and family? >> use those plants for your new production line? >> what about this -- >> sir, we're asking questions

on behalf of taxpayer. she is not able to answer. would you consider using plants for new production lines? >> we have many plants across the country. in fact we are launching five major new products next year of plants in the united states. one of the things we're working on, try to increase capacity utilization of each plants, to be efficient. that allows to us invest more in the company. these plants are unallocated. we'll work with our uaw partners to work through that process. as i said it is incredibly difficult to make these type of decisions. so our focus on gm team members impacted, making sure they understand all of their opportunities and then also looking at what are the retraining opportunities as well. that is our focus right now. >> is the lordstown plan a done deal at this point? >> the lordstown plant is an unallocated plant. we have contract with the uaw. very important we respect that and work through that contract. >> [inaudible]

>> i think we're focused right now on the workers. we have a very strong automotive presence in ohio. we have several plants. i think about 4,000 workers in the addition to what we're talking about now. there are some of the facilities in ohio that will have jobs available as well as we move forward. so we are trying to do the right thing. we think ohio is very important auto state. we have a very good workforce there, and we have tremendous amount of workers in the state that will continue. >> president said he would cut off subsidies. is there any concern? >> right now we are in an industry that is transforming faster than i have ever seen in my 38-year career. we're trying to make sure general motors is strong and we're in a leadership position in the technology like electtryification, autonomous vehicles and that is what customers want, where the industry is going. a strong general motors is best way for me to provide to

maintain 90,000 plus jobs we have across the united states. in addition, all the, the people who have retired from general motors and their pensions. so we're working very, very hard to make sure general motors is around for several decades in a leadership position, can provide jobs and support the community and stakeholders involved with the company. [shouting questions] >> one more question. >> ma'am, you benefited from a bailout from the taxpayer. you had a really big tax cut in the last year. do you owe the people. corntry more than this decision? >> since 2009 we have invested $22 billion in the united states. in the last couple years we invested several more billion dollars and we'll continue to do that we will be forever grateful for the assistance of the u.s. government provided general motors. we're trying to make sure we're good corporate citizens and continue to provide jobs and provide vehicles and transportation that customers want in this country. that is what i think can be the

most responsible thing we can do to thank the american taxpayers for what they did for us. >> thank you, everybody. connell: okay, now we heard both sides of this. mary barra walking away from microphones on capitol hill with meeting with senator portman and senator brown. gary gastelu, going in between the two commentaries. again the argument from senator portman, he made it again, berra, general motors came out said we'll have number of new vehicles, electric vehicles. at some point down the line, once those are ready, this lordstown plant, lordstown, ohio should be used to manufacture one of them. she seemed to say that wouldn't happen s that how you read her words and is that how you read her answer? >> i wouldn't hold my breath in ohio. they built the chevy bolt in low volumes alongside with the chevy

sonic that is on death row. that doesn't sell. small compact car doesn't make general motors any money. getting discontinued real soon. no confirmation about that. senator portman said, we're not asking for charity, we're asking for work. you know what? they have gotten charity last few years. the general motors shouldn't have built the cruze in ohio, only as penance for the bailout money. lauren: at what point, gary, do general motors have to focus on investors? reipo'd, $33 a share. stuck in a really tight range. at some point in a private business have to answer to shareholders? >> that is exactly what she is doing. from a business standpoint these were the right moves to make. as far as new jobs, jobs coming back are concerned, first ones as they move towards electric and autonomous cars in the future if that works out, white color tech jobs, not sort of blue-collar jobs losing in ohio right now.

connell: tough political water trying to navigate. we'll see if mary barra kind of setting the example, gary, to other auto ceos, to your earlier point will have to go down the road if they're not already going down it. in general motors case she has to answer the direct question at the end. you were bailed out. do you owe us more? >> they can talk about they have invested. u.s. lost $10 billion on that bailout. she invested or general motors invested 22 billion in the united states since then. not really apples and oranges though. we have to see where they go from here. they will invest in money, new technologies. as far as manufacturing is concerned not clear that is going to work out for ohio or these other places where the factories will be getting closed. >> this is the ohio side of the story, gary, but also going to a meeting with lawmakers in michigan as well as maryland. so seems like the world, the automotive community, at least, right before christmas is really mad at general motors. >> it will be the sail story in

all of these -- same story in all of these places. no difference what is going on michigan and maryland. connell: the general economy, macro economy impact on all of this is what, do you think? again, you made the point, a number of times, i'm sure you're right, you know the industry, this is more about certain types of cars that are not selling. is there anything you read into it at all, in terms of slowdown? that is, as you know, the big story in markets last few days, hey, the bond market is telling us there is a slowdown coming. is the auto industry sending some similar signals? >> look sales are flat. they're down for a lot of automakers f you take a million dollars off the top of the entire industry that will not help anybody out. certainly not something general motors can build on, starting up new production lines. lauren: and at the same time, gary, looking at all this, trying to stay competitive, not with just detroit. also with silicon valley. as we'll give up cars soon,

right? machines will be driving them for us? connell: at some point. >> they have got that cruze autonomous vehicle. that will be the chevy volt, first ones they are building, but they will not be building hundreds and thousands of these anytime soon. today waymo launched a new ride-hailing service. autonomous new ride-hailing service in phoenix, arizona. it is using chrysler minivans at start. they bought 60,000 from chrysler. buying electric cars from jaguar. why can't general motors cut that deal? trying to do it themselves with this cruze uav program. connell: thanks for being with us, gary gastelu. lauren: we'll have more on the national day of morning on the life and legacy of president george h.w. bush. our next guest worked very closely with the bush family. ♪

connell: we await arrival of special air mission, 41, the plane carrying the casket of former president george h.w. bush, to his former home state of texas, rick leventhal on the ground in houston with the latest from there. rick? reporter: special airlift mission 41 running 30 minutes behind schedule. not expected to land here until after 6:00 p.m. eastern time. and before it lands here, the jet will be doing a flyover of college station where bush 41 will be laid to rest thursday afternoon. we can show you that some vehicles have been prestaged here that will be carrying family members and friends from this airfield to downtown houston where the casket will be moved to the church where the funeral will take place tomorrow, where there will be visitation late tonight, early tomorrow morning. there are buses here as well to carry friends and family aboard air force one which is renamed for this mission. what happens here, in about 90

minutes, connell will be a mirror image what we saw on monday for departure ceremony. this arrival will feature military honor guard as well as an army band and 21 gun salute is fired by cannons behind us as the casket of george h.w. bush will be taken off the jumbo jet. the family will be here as that happens, pass through a cordon of honor guard and through a caravan downtown. solemn, strictly-orchestrated ceremony befitting this 41st who was beloved here in houston, as you know, connell. connell: sure was, we saw the love in washington earlier today. we'll check back. rick leventhal in houston. lauren. lauren: let's talk more about the legacy of president george h.w. bush. he was under the george h.w. bush administration,

bush 41. thank you for joining us, bruce? bruce, can you hear me, sir? connell: we're having a little trouble looks like. we'll get back to him. lauren: i was going to ask bruce who was the cia director under that administration because george h.w. bush himself was a director of the cia along with many other impressive -- which gave him perspective. connell: it was. i read a book recently on the president's daily briefing so often. president bush when he was in office, he loved it, and they loved him delivering it every day because he had been the cia director. he ate up that kind of thing. they loved it in the agency as they call it. we'll get back to all this. get back to other stories including your information being at risk. facebook is back in hot water after internal emails that the company investigated selling user data. that a bombshell coming up next.

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lauren: we'll bring in bruce clinger, the cia firm under the george w. bush administration. >> thanks for having me. lauren: we're curious serving what it was like serving and you president who had your job, arguably the best-prepared president in history. >> exactly. we knew having been director of central intelligence and avid and skilled consumer intelligence. he would know the limitations and capabilities of the intelligence. we know he would not politicize the intelligence, being in the intelligence community a short time himself. his professionalism, expertise, lifelong service did make him the best-prepared president we had. lauren: he didn't claim credit, bruce. he was there for the fall of the berlin wall.

you didn't see this big speech patting himself on the back. he was humble. >> right. when we look back now, it seems like the collapse of the soviet union, the unification of germany, the arms control treaties were easy, that they were predetermined, preordained. it was very tumultuous time. it is not a guarranty all of those would be successful as well as stewardship of the golf war. it was very good to have a calm and cool headed hand on the tiller on the ship of state at that time. lauren: you talk about the cold war, the gulf war. we talked about reunification of germany, some foreign policy achievements. talk a little bit about the economy. many would say he set the stage for the economic boom that we saw in the 1990s? >> right. those of us at the agency were focused on policy. on domestic side, he had good

stewardship of the economy. the fact he worked so hard over the years to develop such strong relationships, not only with foreign leaders, but also across the political aisle it served him well during his presidency. look at the environment, we're look back in fondness, all the parties, both ends of pennsylvania avenue would work together, look at interests of americans. we look back at poignancy and a bit of envy of that time back then. lauren: karl rove wrote in the "wall street journal," bush was the last of the greatest generation to serve in the oval office. bruce, thank you for your, your story today. and your perspective. connell: as we move on today? a new arms race. vladmir putin latest threat to the united states, erasing at least that possibility. we'll talk about it next. ♪ os

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>> bombshell internal facebook emails, executives considering charging developers for access to your data. deirdre bolton live in the newsroom to break it all down. >> the british parliament released a trove of confidential internal e-mails on wednesday. earlier today, huge release, about 250 pages that the uk parliament seized from an app developer obtained them as part of a legal battle with facebook. the documents were supposed to remain under seal by order of california judge. they are now public. show among other things, how executives, including founder and ceo mark zuckerberg gave third party developers preferential access to user data and contemplated charging developers for access. i've been thinking about the platform business model this weekend f we make it so developers can develop revenue in different ways, makes it more

accessible to charge them quite a bit more for using the platform. in its statement on wednesday, facebook pretty much said look, all of this was taken out of context. like any business we had many internal conversations about the various ways we could build sustainable business model on platform. they underline a separate but very important fact, we have never sold people's data. facebook basically just saying, listen, you didn't really explain any of this. you did the data dump. here is where we are right now. now, what is interesting, is that, the internal machinations show a very different picture than the brand facebook presents to the world. we have to sumos businesses are like this, what shows, what is food for facebook, may not be good for facebook's user. look at stock down 20%

year-to-date. even s&p 500 up roughly 1%, year-to-date. back to you guys. lauren: a lot of users deirdre. >> two billion. lauren: you thought of this, wrong for at least thinking of selling information. deirdre, thank you very much. connell: issuing a new threat. president vladmir putin warning that today that russia will develop new missiles in the united states leaves a key arms treaty. we're joined to react by ambassador lincoln bloomfield, served as national security official under presidents reagan, bush 41 and 43. we're on a day reflecting on bush 41. it is interesting, ambassador, we have a conversation that brings up concept of another arms race. what do you think potentially at least what is really happening here? >> i think what is really happening something you've been hearing about from the pentagon, to a lesser extent from the white house, national defense strategy. that there is power competition

we didn't pay much attention to while fighting terrorism in the middle east in the recent years. russia, china become much more advanced. you look at terms like gray war, hybrid war. taking territory considering international waterways in the sea around crimea and the south china sea in china's case. they're building up new capabilities, new weapons systems. chinese have a blue water navy. russians seized territory in georgia in 2008 and ukraine. they're on the march. the united states, the trump administration saw that the imf treaty was being violated. they took evidence to the russians. here is what you're doing. these are clear violations. they said we're not going to tie our hands behind our back if you're building these missiles. i think the question now, what is the strategy with russia? connell: yeah. >> we can pull out of the treaty but the russians as they have just had we'll not be pushed around. we're going to see you one, raise you

connell: running quickly out of time as we come up to the top of the hour. i wanted to get your reflections on president bush 41 anyways. how would he have handled something like this, do you think? the trump administration's effectively calling them out on it. >> that's a hard question. i mean, my observation -- i spent a year in the white house with vice president quayle. it was a very calm and deliberate -- deliberative place. they listened to each other. they didn't make fast decisions. they teased out all the possible outcomes. i think they had a strategy and a sense of what kind of an outcome they wanted to get to. so that's what you would do today. how do we come to some terms with russia where they don't see it in their interest to be sort of invading territory in central and eastern europe -- connell: you make them think it's in their best interests or make them want to feel that way. >> yeah. and just to put a tough aspect on it, you have to know what their weaknesses are, so that we have leverage over them.

that's what we need to do now. connell: we thank you for joining us, ambassador bloomfield, special day in the country, to remember one of our presidents. >> thank you. connell: thank you, sir. as we wrap up this hour, i always -- when lauren comes -- well, cheryl was here yesterday, it's the same thing, want to point that out -- take a moment to promote fbn a.m -- lauren: you're up that early? [laughter] connell: actually, i am. five a.m. eastern time. lauren: for the market reaction to what happened on tuesday, down 800. connell: i feel like that'll be really, really interesting, because this was, i mean, it was a very special day in the country to remember a president, but it was a strange day for market participants because it was an off day right in the middle of the week. laura: do cooler heads prevail in the morning, or is anxiety amplified? connell: that's a great tease, thank you for that. [laughter] this show, 4:00 eastern time --

lauren: and you're on the road. connell: and i'm going to pittsburgh, at a u.s. steel plant right in the middle of the trade war. the ceo will join us in pennsylvania, that's tomorrow. thanks for joining us today, the "bulls and bears" starts right now. ♪ ♪ david: hi, everybody. this is "bulls and bears" and a very busy day. i'm david asman. joining me on the panel in this busy hour is jonas max ferris, liz peek, heather -- [inaudible] and gary b. smith. president george h.w. bush is returning home. you're looking at live pictures of ellington field in houston where the aircraft carrying the president's casket along with members of his family and special guests will be landing within the next hour. we're going to bring you more on the celebration of his life and legacy today in the nation's capital and in houston coming up. but first, to the breaking news. general motors'