left, we had a fairly long meeting. we discussed a lot of great subjects. come on over, mike pence. come on over, mike. >> [inaudible]. >> i don't mind. no, no. i could have debated chuck schumer for a long period of time because he was saying it is yours, your idea. i don't mind. i don't know what do you think? what do you guys think? i don't mind having the issue of border security on my side. if we have to close down the country over border security i actually like that in terms of an issue but i don't want it to be an issue. i want sitting the country need. it is not really an issue. it is something the country needs. it is common sense. the country needs it. we need protection, border security. need security from drugs pouring into our country. they're coming in right through the southern border. we need a wall. we need border security. and part of border security. i don't mind owning that issue.

the chuck's problem, when we last closed down that was his idea. honestly he got killed. so he doesn't want to own it. i said you know what? rather than us debating who is owning it, i'll take it. i'll take it. if we close doesn't country, i will take it because we're closing it down for border security. and i think i win that every single time. okay? , thank you all very much, i appreciate it. >> press, let's go. make your way out. >> thank you very much. connell: newest comments from president trump in the oval office as the stock market closes after a wild ride again today. boy, a lot of wild rides. the earlier meeting with chuck schumer, nancy pelosi part of all of this. a 600 point swing in the dow which is almost a daily occurrence. we'll talk about all the factors that triggered volatility, whether it is the oval office battle, whether "brexit," whether trade concerns. at the end of the day the dow closes 52 points lower. it hit a high of 368 points

higher early in the session. the s&p 500 just short of ending in positive territory. melissa: let's make sure. there you go. connell: down by less than a point. trust me on this one. nasdaq up by 11 points. it was another crazy day. i'm connell mcshane. melissa: i'm melissa francis. i loved it, they rehashed the fight earlier. we saw the fight in the oval office. they came out, president reiterating his version what happened. the democrats did the same thing. we both saw the real fight, whatever. connell: something else, it really was. melissa: more on big market movers. first here is what is new at this hour. so the gloves are off, we told you president trump clashing with nancy pelosi and chuck schumer over border security during an explosive sit-down in the oval office. >> we came in here in good faith and, we are entering into this kind of a discussion in the public view. >> but it is not bad, nancy. it is called transparency. >> there are no votes in the

house, majority of votes for a wall. >> if i needed the votes for the wall in the house i would have them in one session, would be done. melissa: see. that was just beginning of it. we're live at the white house, breaking down where both sides stand right now. just don't say the word wall, whatever you do. searching for answers, google ceo under pressure from lawmakers, defending his company from allegations of political bias and concerns over your data. we will speak to one congressman who questioned the tech ceo on capitol hill later this hour. connell: a lot to get to on this hour. on the markets nike, verizon, proctor & gamble among the dow leaders. the dow was up a good part of the day. it was also down a good part of the way. gerri willis on the floor of the new york stock exchange trying to make sense of all this volatility, blake burman, speaking of making sense of volatility, standings on north lawn of the white house. gerri, take us through wall street. >> what a yo-yo. it started at 12:05 p.m. when

the chuck and nancy came on live from the oval office. the president having a shouting match over the two folks whether or not to shut down the government over the wall and funding of the wall. folks here on the floor of the new york stock exchange, some of them telling me it was an embarassment, this shouting match. other people saying, look, now at least the american public knows what goes on behind closed doors when i sit down to talk to the democrats. all in all the market fell 96 points. a turnaround on "brexit" news. prime minister theresa may could be toppled within hours after enough members of her conservative requested her removal. how many does it take? 15% or 48 members of her party that is expected to happen on wednesday. the markets back and forth on all of this, almost 600 points. remarketing market news, oil settling up 1.2%. and now we have oil up two of the past three sessions.

that's big news. that is good news for the markets uber selecting morgan stanley to lead its 2019 ipo. people watching that closely. s&p 500 down just 94. not much movement at the close. like watching a close basketball game. at the end. day, nothing much happened. melissa: what was the final score in up 50. house leaders telling the fox news the gop leaders are putting a 5 billion-dollar border wall bill on the floor to show a support for president trump. blake burman has the story. reporter: nancy pelosi, chuck schumer at white house opening clashing in front of the cameras discussing potential border wall funding and this government shutdown looming. december 21st is the key

date here. that is when a big portion of the government needs to be funded, including the department of homeland security, or else, there will be a partial government shut down. the president saying if there is a shutdown, he would own it. >> if we don't get what we want, one way or the other, whether it's through you, through military, through anything you want to call i will shut down the government. >> that is fair enough w he disagree. >> i tell you what. i am proud to shut down the government for border security, chuck. because the people of this country don't want criminals and people that have lots of problems and drugs pouring into our country. so i will take the mantle. i will be the one to shut it down. i will not blame you for it. last time you shut it down it didn't work. i will take the man tell of shutting down. i will shut it down for border security. >> we believe you shouldn't shut it down. reporter: both sides say they want border security. just their definition of border security vastly differs. president trump wants $5 billion

for wall funding. democrats offering one-fourth of that. >> we need border security. the wall is a part of border security. you can't have very good border security without a wall. >> absolutely not true. that is a political promise. border security is a way to effectively honor our promise. >> experts say you can do border security without a wall which is wasteful and doesn't solve the problem. reporter: this wasn't as bad as it played out on tv or at least didn't feel that way. you say it. it was 15 minutes we see our chart for the ticker to see how things -- melissa: i loved it. they called each other out face-to-face. they separate microphones. he said this. he said this. they actually sat there talked through or yelled through what it is that they disagree about in terms of vote. i think we all realized the problem is the word wall. just saying the word, you can talk about the other stuff, you might get it done.

reporter: he has been talking about the wall for 3 1/2 years now. we'll see what happens over the next few days. melissa: wall system, border security. zip it on the wall word. blake, thank you. connell. call sitting else. connell: hereto react on all of this as market tries to make sense, kingsview asset management, scott martin, capitalist pig hedge fund, jonathan hoenig. both are fox news contributors. everybody was watching this guys, you could say the markets traded down on worries of a government shutdown or next on trade optimism or "brexit." jonathan, we talk all the time about price action. what did you see today in market. >> it was ugly. the price action was ugly. it was well of the lows that was positive. well off the highs as you said. gave off hundreds of point. the internals of the market were very poor, 500 new 52-week lows, only 50 new 52-week highs. in particular, connell, not just the financials but in particular the big banks, citigroup,

bank of america. high yield, before it was just technology we were talking about, or industrials. the facts banks are so week, belies even worse internals in the market. connell: do you agree with that scott? do you see something different? these headlines, whether geopolitical headlines or something else can be excuses to move one way or another but do you see it differently than jonathan? >> sadly i do agree with him, connell. i was trying to come up with ways not to. at this point he is right. i would add, connell, when we see the rallies and fervor comes in to smash some of these companies down. apple is one today. nvidia is another one. have already been smoked by the way, kids. getting smoked off the highs today, really shows you that anticipation of lower prices is definitely there. and market uses bad news or this little tiff we saw let's say between trump, nancy and chuck, to say hey we'll sell off 20 points instead of rallying on

good news. connell: up 20 points on trade. stick around. they will be back. jonathan, scott. melissa: we'll call it chuck, don, nancy. any bill sent to the president's desk without border wall finding deserves to be vetoed. michael burgess. member of house energy and commerce committee. did you see the exchange today? how did you feel about it? >> i was actually on the house floor, the question comes down to, are you for or against border security i'm for border security. i'm on the side of the president. if speaker to be pelosi wants open borders, that is her argument. make the argument. make it clear for the american people to see the president is standing with you on security. he wants to stop people coming in who have problems with crime, drugs, disease. i think that is an admirable position for the president to take. melissa: when we set politics aside, we set the point system aside, both sides, i think you saw it in the meeting, democrats say they want border security, they don't want open borders.

the president says he want as wall system. they make fun of him, you can't have a wall from sea to shining sea. he knows that i want fencing somewhere. i want technology other places. more border. my bottom line, sounds like everybody is closer together than you think based on the words. isn't there a way to come together to put more security at the border, put money for it, everyone walk away kind of winning? >> if i were in charge which i'm not i would call their bluff. i would bring a bill to the floor that provides the president the funding he needs for securing our border, defending our nation. after all that is our number one responsibility to which we all swear when we're sworn in in a couple of weeks. i would stand with the president on this. if the democrats are opposed to border security, let them record their votes as such. but people need to know. don't hide behind, they shouldn't hide behind language we're for border security too,

not nearly as much. melissa: why don't you guys do that, bring a bill to the floor? why don't you do it? >> if i ran the zoo, the bill would come to the floor. there is talk that might. waiting on senate to do the right thing, that is fool's errand. they never do. melissa: who has the power to do it right now on your side? >> speaker of the house. melissa: can bring it on the floor? >> he heard from number of us that would be appropriate stance. get everybody on the record what they want. i'm from texas. look, open borders are a serious problem if that is the strategy that the other side wants to pursue. i will, i will never be for that. melissa: okay. all right, thank you so much for your time, sir. appreciate it. connell: zookeeper on the case. trade concerns, certainly still out there for investors. we did have a source telling our own blake burman earlier in the day, china agreed to roll back

auto tariffs that would be good news for markets. talk of eliminating a 25% surcharge, which would bring it down to 15%. that's what i meant earlier, scott, jonathan, back with us. that type of thing, you would think would be good news. maybe we're starting to finally see progress in these talks. who knows. what did you think of part of it at least, scott? >> tell you, connell, fool me once shame on you, feel me twice, shame on me. fool me three times i'm a complete loser that is what the markets are saying. we heard this story before. heard about deals, progress with china, things better on trade and look what happens. things to worse standpoint two lace later with navarro and everybody else. the market is tired of this charade. the more it goes on the more it had the s&p. connell: what is the goal of the chinese? if they talk about rolling back car tariffs and buying

agricultural products what are they trying to do? we always talk about what the u.s. is trying to do, what are the chinese trying to do, do you think? >> i couldn't begin to speculate what the chinese intentions are. i know, connell, this is having a major impact on american companies. always talked about as a bargaining chip as a next chip, but talking about company after company saying this is affecting the bottom lines. half the s&p is in a bear market right now. their prices are in a bear market. for one reason or another, the market isn't liking this. tell you to scott's point. it was a week ago the market traded up on the president's tweet that trade tariff wasn't resolved. that wasn't the case. it has been a week back and forth. >> very true. connell: a lot of other stuff happened. thank you, guys. appreciate. >> as usual, a busy day. connell: every day, five or 600 point swings, whatever. melissa: maybe it is like a basketball game. you look at the close. connell: well, that is true. melissa: watch our show. that's it. there you go. calling on the president to

take action. why some are cautioning president trump against tariffs, calling on congress to hold the commander-in-chief accountable. go ahead. i slowed your read there i think. connell: really? i'm happy to talk about the google ceo, sundar pichai on capitol hill. he thought he would be big headline of the day. phasing harsh criticism, over anti-conservative bias alleged. talk to congressman tom marino about that. some of the questions he asked in particular about china. he joins us next.

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connell: breaking news coming in from france. interior minister from the country confirmed to fox news at least two people are dead and 11 injured in a shooting that took

place in a christmas market in the french city of strasbourg. the shooting is considered to be a terrorist act. the anti-terror division is charged with the investigation from here on out. the shooter we're told was wounded. has not been appre hended. we have not anymore updates where someone was arrested. moreto come on that. melissa: fox business's edward lawrence is there with the details. on capitol hill. reporter: google's ceo sundar pichai defended google said there was no bias, conservative or anti-conservative bias in their search engine. they said they use algorithms in the search engine. the algorithm is monitored, searched on by 1000 people so no one person can manipulate it. republicans were uneasy about that they believe there is culture of liberalism at google that is seeping through into

everything that they do. there is interesting moment this morning when the ceo said that they were not planning on launching a search engine in china however this afternoon, sort of mincing word as little bit, saying that they had actually completed development on one that could work in china. listen. >> did google design a prototype for a search engine that could be used in china to censor content? >> what search could look like if it were to be launched in a country like china. reporter: besides that it took a couple months and 100 people to work on that particular search engine. democrats, mainly, some republicans focused on the privacy issue. representative val demmings says google needs to do more to protect consumer privacy. >> what do you think is the main areas where google could improve to better help the consumer?

>> i always -- >> and protect the consumer. >> i always think in a privacy area where we think it, sacrosanct. we're committed to doing better but i want to acknowledge there is more to do. reporter: democrats say that they would like the google ceo to come back before the judiciary committee next year when they take over and want to talk about regulating the tech industry. back to you, melissa. melissa: hopefully the president won't have a press conference in the oval office that wipes all the news off the face of the earth so no one mentions it. edward lawrence. reporter: that is tuesday in washington. melissa: thank you. connell: congressman tom marino was on the committee today, in the house judiciary committee that handled the questioning of the google ceo. he joins from us capitol hill. congressman thanks for coming on. i was watching your questioning, following up on edward's reporting there. you raised the china issue with the google ceo. then to his point in the afternoon, he was asked about

the prototype. does he, he told you earlier in the hearing we have no plans to get into china. the answer, good enough for you today? >> no. it wasn't good enough for me. and i knew, about the prototype. i ran out of time because that is the next area i was going to get into. but it is, ironic that he said, that, no one personally would have the ability to manipulate the algorithms that they have that sends out information. look at it from this perspective. not any one person, but over 93% of the people who work there contributed to liberals. and so collectively they certainly, can get messages out they want to do. >> talking now obviously the conservative bias. the allegations of conservative bias. a lot of your colleagues didn't raise that.

you chose to use your five minutes on china. >> exactly. connell: why did you do that, by the way? >> because china is a very big concern to me as i said. we know that right now as we speak thousands, maybe hundreds of thousands of chinese are sitting at computers, attempting to hack into the united states anywhere they can, financial system, defense system and russia doing the same thing, not to the level that the chinese can do it because of their population. when i asked him, do you plan on, i didn't say plan, what, what business are you going to get into china? what were you -- we don't plant. i quickly went to the next question, when you do decide how much information do you plan to give. connell: he said he would come back. what is the responsibility of an american company, in this case, google when -- a lot of american companies obviously do operate in china. maybe a little different for a technology company. what is his responsibility? does he have one to actually come back to congress to talk

about what the operations would look like for a private company going into china? >> certainly does. he does have a responsibility. that is why i started out my questioning with a statement to him. that he has a responsibility an enormous responsibility obviously to his company, but more so to the american people of being fair down the middle, not swaying, no other entity out there, that deals with news, whether tv, radio or print, has the power, all at once to be in contact with tens of hundreds of millions of people. he knows that. they know that i'm just concerned that profit is going to take over here at the risk of , at of risk of china getting a lot of information what google is doing in the united states to serve their need. what is to prevent them from okay we'll do business, we'll do business according to what we want. we want to know if even someone

comes into our country from the united states. connell: right. >> we want to know what information they have. connell: interesting, congressman. i feel like you, earlier today, i have a lot of other questions. i'm out of my time here as well. they are giving me the buzzer. thanks for coming on, congressman marino. thanks for coming on in the future. melissa: scott and jonathan are back with us. jonathan, one of the biggest problems we heard these ceos get out there before in earnest. we heard, you know facebook's ceo and coo stand out there talk about how they didn't know there were russians on the site, using, whatever. acting like we're about all the good. we just want to do good, do no evil. you find out later when the boards leak to the media, that is not at all what is going on. when you see someone like this out there, do you believe the words he is saying? how do you feel about it? >> i believe that the words ceo's are saying. they're in incredibly difficult spot, melissa. they're on the hot seat, not by

the customers. connell: but just legislators. legislators have the power, from both sides of aisle seems inevitable that some sort of regulation coming down the pike. this comes exactly the worst time for these fang companies, big, high-tech companies, dealing with the consumer. they led the bull market up. my fear, pending legislation is negative for the stocks. the companies deserve it or whether they don't. melissa: scott, you read reports from "the new york times," the fact you go into a restaurant with your phone, tracking that you've been in chik-fil-a. they will sell that information to kentucky friday chicken so they can send you ads even though you're not using your phone or anything while you're in the store. we all know they're tracking us. but the depths to which they are following us, profiting off that information, not necessarily being very straightforward about what's going on, you start to wonder how free, how free should these companies, free markets be, when they're basically a lot

of them like google and facebook in a near-monopoly position? >> yeah. it is scary. i went to taco bell for lunch by the way. it was wonderful. melissa: i saw that on your phone. your cell phone carrier told me about that. >> posted on a bunch of sites, on fox business later. jonathan, don't make me come over there, i believe you're in the chicago too, here is the thing, man. regulators have been toothless. legislators are not biting on this whole thing. they haven't regulated anything. the companies we find out more and more using things with our data, breaching privacy of ours frankly they shouldn't be doing. to the point of ceos, melissa, rolling back whatever they have done and promises to sympathize with jonathan's viewpoint this problem or what is going on with the data everything they have access to with respect to the down consumer, it is bigger than them. the companies don't realize all the data they actually have and

what they can do with it they can't prevent themselves what they can do wit. they have so much data we haven't scratched the surface that women come out in the days to come. melissa: thanks i signed on to my phone as connell mcshane. connell: i wouldn't do that. melissa: especially when i do something illegal, i tell my phone i'm you. connell: i was thinking that. that chik-fil-a story sounded very believable. melissa: not using your phone to pay, none of that. three times this week, this phone number went into this pitch them kfc. did you notice the way you get pitched ads shockingly similar what you're doing even though you haven't typed anything in about it? connell: i hear people denying that is true. look at instagram. i don't know why this ad is for me. well you did look up -- face aing leadership challenge. prime minister theresa may triggering a potential confidence vote. that is another big thing over "brexit." where do we go from here?

we'll tell you we go to london and ashley webster next. so lionel, what does being able to trade 24/5 mean to you? well, it means i can trade after the market closes. it's true. so all... evening long. ooh, so close.

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connell: they're scrambling try save the "brexit" deal if that is possible. british prime minister theresa may facing an uphill battle as uk and eu stepping up contingency plans and whether shy will make it through all of this or not. ashley webster is live in london for us. what is the latests, ashley. reporter: who would want to be theresa may, she is trying to save the "brexit" deal and and trying to save her own job and reports of no confidence in her circulated this afternoon. the pound dropped to 20-month low. later this evening so-called 1922 committee a conservative committee essentially is for the back benchers in the party that meet once a week f that party, or that committee, rather,

receives 48 letters or 15% of all conservative mps, expresses lack of confidence for their leader that would trigger a vote. we're told that is indeed the case. theresa may probably just landing back from brussels as we speak. she will be informed of this. we're told that committee will meet tomorrow evening this is the way it works. if that does trigger a vote of no confidence, theresa may lose, she has to resign. then the job begins to find her replacement in the conservative party. don't forget this is all going on while the country is 107 days away getting out of european union on march 29th next year. so more chaos, more uncertainty. if she survives the vote, connell, they can't try again for another year. don't forget the opposition labour party could try a vote of no confidence. all of this is very difficult for theresa may, she is trying to get some sort of concession for the eu by all accounts, lots

of smiles, handshakes, hugs and kisses today. nothing of any concrete nature talked about by these eu lead to suggest she will win any concessions at all. she is supposed to go to the ireland to meet with the irish prime minister, back to brussels on thursday. who knows will she be the british prime minister by thursday? who knows. connell: craziness. if i was on my way out i would visit every european city within a few days. melissa: no new nafta until steel tariffs are lifted. why our next guest says president trump made a promise. now the ball is in congress's court. we'll talk to david macintosh, club for growth president, next. ♪ with fidelity's real-time analytics, you'll get clear, actionable alerts about potential investment opportunities in real time. fidelity. open an account today.

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connell: the trouble with tariffs. as the u.s. mexico canada trade agreement, the so-called new nafta gets set to make its way through congress, new calls for president trump to lift canada, mexico tariffs. tariffs on steel and aluminum, and lift them now. club for growth david macintosh writing about it in the "wall street journal." no new nafta unless tariffs are lifted. i think more people are seeing them possibly as a new policy? >> we're seeing a lot of positive reception up on the hill for our call to eliminate knows tariffs now that the president's negotiated this new

trade agreement. you know there are actually attacks on the u.s. they cost us about 400,000 jobs in the auto industry, in construction, and frankly, kegs of beer cost more because aluminum goes into it is more expensive. connell: right. >> losing those jobs, there is a cost to the americans. the president asked us, bear with me on that. i want to renegotiate these, yeah might cost you a little bit. connell: but they will go away for canada and mexico if i do get the deal. we took our shot to u.s. steel and i talked to david burritt, the ceo of company about this. if the president had given him any assurance that the tariffs that help his business would be sticking around. here is what he said. >> we believe this president will not blink. we are confident he will continue to do this until we get to fair trade. it is not so much about tariffs. it could be quotas, it could be a combination of things. he is doing tough things to get people to the table to have a

conversation. connell: now he obviously, david has an interest in all of this. they have been making a lot of money, wouldn't be otherwise. the thing he mentioned maybe he switches to quotas from tariffs. what about that? >> it is the same as a tariff. it raises the cost american citizens pay it. we lose jobs. we can't make cars that compete around the world. you know the president has got a new deal. he said it is a great deal and a very fair deal. and so it makes sense, let's, we want to move to zero, zero. that is the goal the president has we like. connell: that is what he said. but he has a lot of supporters in this particular industry, steel industry, aluminum industry, on that side of it. you know what? manufacturing jobs are off. this hasn't heard as much. you heard the arguments. we an absorb these costs. like when wilbur ross came out with the soup con, not that much money. you say it actually is? >> it is. competitive -- i wouldn't want to be one of those 400,000 people working in the auto

industry that get a pink slip. that is not fair to them. connell: right. >> just because a steel magnate gets to make a lot of money this year. best thing for everybody, compete, compete on a level playing field. the way you do that, is the way the president has, is drive to that zero zero tariff. now congress, it is up to them. they should just insist on it, say, mr. president, you have to overcome the political pressure from the steel guys. we have to take care of everybody. let's get rid of those tariffs and we'll approve your new deal. connell: interesting piece, david, we'll follow it as it works its way through congress. thanks for coming on today. >> great to be with you. melissa: selling access to your mailbox. connell: what? melissa: not mine. how a new proposal to revive the u.s. postal service could cost you your privacy next. ♪

melissa: how much is your mailbox worth? the united states post office is

mulling access to yours to shore up finances. kristina partsinevelos, we barely pick up the mail. i don't think mine is worth that much. >> i was going to make that same joke. i don't think mind is valuable because half the time i forget to check it. we have a task force put together by the trump administration to figure out how to stop the bleeding in the united states postal service. they have 12 years of losses. one of the elements in their report they released last week, they stated, as i quote, means of generating more income, the mailbox monopoly could be monetized. what do you mean by monetized? essentially franchise the mailbox, sell it to a third party, that third party can charge everybody to ship stuff to your mailbox. it is illegal to not only get these flyers, to promote a company and put the company flyer in the mailbox, you can't even get packages from your neighbors. that is technically illegal if it is unstamped. there is a mailbox restriction

law around that, even though many people don't bother to complain. the task force did say in another quote by franchising the mailbox, the usps could expand the revenue and income opportunities without necessitating any change to its current mail products. so what does this mean? it means potentially fedex would have to pay a fee if they wanted to deliver packages to your mailbox. that could deter fedex using mailbox all together or using drop-off locations like amazon does at the moment. so it is a suggestion. it is just a suggestion at this point, given how much money the usps has been losing over the past 12 years. melissa: how about they cut their legacy costs and all the pension costs that is soaking them? not this other part. >> that is precisely it. where a lot of money goes. melissa: kristina, thank you, no shame on people receiving benefits. they worked for it, but that is what is bringing down the post

office. connell: has been for years. melissa: priority mail, express mail, great products. get your stuff superfast. we don't need snail mail. i could fix it as postmaster. connell: want to buy your mailbox. this clash was caught on camera. president trump is speaking out again following his meeting with nancy pelosi and chuck schumer in the oval office. what happened when the cameras left? that's next. ♪ 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.

melissa: it wasn't as bad as it seemed. president trump speaking to reporters after the high-stakes meeting with chuck schumer and nancy pelosi. >> believe it or not i believe it was a very friendly meeting. you saw the beginnings of it, i actually think it worked out to be pretty good. i actually liked them for a long

period of time. i respect them both. we made a lot of progress. melissa: hmmm. i would love to see him chitchat with people he doesn't like. james freeman, "wall street journal" assistant editorial page editor and fox news contributor. you see them face-to-face call each other out. normally in separate mics a million miles away, he means this. they were able to argue with each other. at the same time if you really listened to what they were saying i'm not sure they are that far apart. chuck and nancy do not actually want open borders. maybe other people in their party do. they're not that crazy. president trump is not actually advocating for a wall from sea to shining sea he said. have a wall in some places, a border system. are these people really as far apart as they seem, james freeman? >> you're certainly right the democrats in the room did not want to say we don't want a wall. we want a an open border, we shouldn't have barriers. you're right, i don't think that

is winning position. i felt was interesting, maybe a miscalculation on part of senator schumer he seemed to be thrilled that he got trump to accept responsibility if the government shuts down. i think he is really overrating how much americans would care if, for some brief period, some quote, unquote, non-essential personnel didn't go into their offices in the washington bureaucracy. melissa: i know especially they will get the money later. they get a paid vacation. no it's true. but you see them sort of go back and forth. and now, like one of the big, i know you are, what am i fights that was in there. you're paper, you're glue, whatever. can you actually have the votes on floor of the house in order to pass something in there? you know nancy pelosi kept saying no. president said yes but it doesn't matter because the senate won't do it. now we're hearing talk from republicans in the house that a show of solidarity for the president they're going to bring it to the house floor. do you think that is a real

possibility, and what would happen? >> i think the president was making the right point there. it is funny because the, mr. schumer, miss pelosi were spending a good bit of their time saying that the president doesn't have the facts and he has been called out by "the washington post." he supposed to be embarrassed about that. but he was making the essential point which is you need 60 votes in the senate. speaker, incoming speaker pelosi was talking about how you have got the white house, you have got the house, you've got the senate, you made the right point. no, i don't have the senate. i need 60 votes which means i need democrats to pass this thing. that is what the issue comes down to. i think eventually, they will have to move north from that 1.6 billion they offered him because, saying you're not going it have a border as you suggested is not a tenable position. melissa: do you think having them in the same room made any difference? and with the cameras there, kind of, i don't know, keep people

honest i guess, i don't know what it does, do you think that, any progress was made or we're any further? >> sounds from the president's comment like some progress was made. i think he is holding a lot of cards right now. the defense department is already funded. so the sort of right half of the political system is not going to be pressing him to do that, to cut a deal on that. social security checks are still going to go out. you're talking about a portion of the government that most people aren't going to notice not operating for a bit. so i think, he has got a lot of leverage right now. melissa: james freeman, thank you. good stuff. connell: all right. standing by for breaking news now, waiting a decision by canadian court. whether or not the huawei ceo will be let go on bail. that's next. ♪

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we will have a decision on bail for the cfo in canada,

really any minute now. it's expected. susan lee has been covering this. set it up for us before we get the decision. >> this is a bail hearing, the cfo awaits trial on extradition to the u.s. the court or the defense contends that she suffers from hypertension among other health ailments that she should be released on bail. u.s. officials say if you release her on bail, she's going to be a flight risk. she's had multiple passports that have been issued by hong kong and china over the past few years. yesterday during the bail hearings, we did have her defense putting up 15 million canadian dollars in guarantees if she is released on bail. but we're set to hear what the judge thinks in this case. now, as for extradition, again, it looks like we're going to be involved in that case. the u.s. has 60 days to file a formal request for extradition. changes in canada's extradition laws since 99 means that 90% of extradition cases are granted. that goes for the justice

minister of canada who will then authorize extradition her to the u.s. but then she has two rules of appeal. she can go to the appeals court first, and then she can go ultimately to the canadian supreme court. she was arrested on december 1st as she was changing planes from hong kong to mexico. she was changing planes in vancouver. her husband has lived in the city. the u.s. contends she committed fraud in using the shell company to commit what they say violations of iran sanctions and possibly hurting multinational banks in the process as well. as you know, this has thrown a wrench in u.s. china trade talks, which is in a 90 day trade truce, but a lot of people in the markets are concerned that maybe this means that we're not going to get that final deal. back to you guys. >> susan thanks. susan lee in the newsroom. so we have, what, 20 seconds till the top of the hour. they said 5:00 eastern. we might get that. >> they keep saying it has nothing to do with the trade

deal. how can you separate it? you know china is not. >> no, they are not. >> there you go. that does it for us. >> thanks for joining us today and every day. bulls and bears starts right now. david: hi everybody. this is bulls and bears what a day, huh? i'm david asman. joining me on the panel today, we have robert wolf, jonas max, gary b smith and liz. something truly extraordinary happened today, president trump meeting with democratic leaders pelosi and schumer in the oval office to discuss the budget and the border wall funding. the president making clear that he wants more money for his wall than democrats are offering. nancy pelosi suggesting if he wants it, he ought to get it in this congress and that is where we pick up this really unprecedented public oval office meeting. take a listen. >>