also talk tree talk to china are back on for next week potentially the federal reserve saying they may not be in such [inaudible] congratulations, jamie. have. connell: have a great weekend. we'll see you back on monday. "bulls and bears" starting out. ♪. david: wall street tearing a trifecta of good news with the dow soaring more than 740-point best performance following job support in more than 16 years. this is bowls and bears, glad to have you join us. i'm david asman and liz, gary and kevin and jack will join us. with stocks getting up big dynamite jobs report blown away expectations but when stratospheric after the fed share strongly suggested rate hike would be put on hold for a while. further supporting confirmation there will be a meeting between

us and china trade reps on monday. the president celebrating these market movers at the white house this afternoon. president trump: 312,000 jobs was a two-minute number and obviously having a big impact on the stock market. economy is good and remember from the time of my election the stock market has gone up very close to 30% and that is where with all the things happening and there are a lot of things happening. massive trade negotiation on the china president xi is very much involved in so in my. we're dealing at the highest levels and doing very well. david: lot of if but if you get a deal with china and if the fed rate hikes on pause how high will these markets go? what do you think? >> i tell you what, the we could go back to old highs. the price action today was incredible.

incredibly bad if you're bearish and good if you're bullish. but to biggest on box and we have a lot of them. everything from brexit to the mall investigation to the government shutdown. the two biggest where the fed and china. it looks - we heard good words from our pal on the fed and also an interview with the cleveland fed president, a little dovish this morning and if china happens you got two huge hurdles and the market could go back to old highs. >> if the economy was not well it would not really matter so much trade talks with china but we saw the job numbers i think was encouraging. has to be encouraging to investors. given that, you got worries hanging out on the horizon and we see progress of the trade talks you to see leg up in the market. comforting words there from the fed so how big a rise in marke

markets? i see high single digits, maybe 10% in the coming year. >> i think job support cannot be overstated. it was not just better-than-expected widely better-than-expected. it followed on the heels of the small business group report that suggested hiring was continuing so i don't think we'll see in january all that good momentum went away. also, i was most acreage about an employment rate went up. it means people are coming off the sidelines and that's what this country needs. all the people were not been employed to come back into the labor force. we talked about that happening now it's in the numbers. >> it's important to note we talk about a day today where were getting good number but yesterday was decimated off of week pmi numbers in the worst situation is that we are looking back at job numbers before shutdown - listen, great holiday

season. problem is new order index is a forward looking indicator and that was pretty bad and almost touched flatlined on the expansionary scale. my situation is this. the fed got vindicated today with jobs number in the wages. wages number was up better than expected at 3.2% when expected to be 3%. everyone got a bum. the fat hike in december vindicated but what will happen is will have a seasonable week, first quarter gdp, next quarter will decrease from the 4.2% gdp growth we had to around 2.7% and that is where the rubber will hit the road and we'll see what happens with the economy due to physical. david: kevin i love predictions. great stuff but one thing that i love what happened with jobs number today is it killed this

notion that the economy is on a sugar high. sugar highs with the government without cash the way it happened with obama and even busted some elaborate changes to trump economy, the relation attack say. companies continue to perform well. >> and getting money back. >> here's the thing. i want to build on what kevin said seasonally adjusted. he's right. you saw the jobs numbers that came in were seasonally adjusted but adjusted - prior numbers were adjusted upwards so the economy looking back was stronger going forward and i think the other thing to remember is they saw the apple stuff and think china, china, china might talk about that later the thing to remember is that the economy has great bones to it. liz alluded to it, jack alluded to it but this economy is in really good shape. people tend to diminish that we

see blocks and hurdles. >> we done away with the notion of sugar-i go along with that. some look and say it's a trump fake healing of the economy. it's a continuation of the obama expansion. that this agreement will go on but what remains to be seen is the big tax cut we had when you borrow a trillion half dollars at the top of an expansion when you should be paying down debt do we get our money's worth that's . david: tax revenues are at an all-time high. we do not add to the deficit but tax cuts helped economic growth and put more people at work and raise income taxes and tax revenues at all-time high. >> establish grows and economy expands but i don't know yet - whether they pay for themselves. >> pretty big step down in tax rates and so i would think

overcomes the inability of higher tax revenue but the answer is there will be an argument not only whether the growth will continue but about what corporations are doing with the money they got from tax cuts. political talking point this year as the democrats lined up with antibusiness measures and they're interested in passing in one of the things dividends were up substantially last year and particularly in the fourth quarter. the toppled people. real people and retirees in cash in the pocket. not all share buybacks and interesting to see what corporate investment looks like in the fourth quarter. >> i disagree with something jack said. jack or maybe inference that this is some collective pool of money is out there and we have to decide the government spend it better or private or what is the biggest bang for the buck? jack, i disagree.

people earn the money corporations earn the money. it should be governments job to keep us a little is money as possible hold on. the real argument should be in the government skinny down. we not had that talk about - bang for the buck i hate that argument. >> is not a pile of money we went and collected. it's flat out borrowing and were going back to trillion dollar deficit. >> we let the people have more of their money and was that a good use of it i don't like th that. >> be paid back with interest. trillion dollar deficits at the top of an economic expansion i'm just saying that's not the way we do things. >> under a previous in ministration - >> we should cut down government spending so people can keep more money. >> under previous demonstration there was secular stagnation and that was no hope we could grow 3%, 4% gdp. sound fiscal policy happened and

that cold and we saw we can print 4% gdp numbers on a quarterly basis that's the most important thing that should be taken away from this in ministration. regardless of how how house went democratic but how we continue to deploy the policies of deregulation as well as the tax cuts i think we're starting to see that play out in the economy. david: other thing that came out was wages which is traffic news. it doesn't look like that big a bum but more than expected in a .1% increase higher than expected and it's good news when people are making more money. presidents and other people got fed up with the fed digesting that it's bad if we just go out too much because that increases inflation. you don't hurt the economy because america got a raise, do you? >> by the way, inflation is

zilch in the fourth quarter. real increase in wages would be substantial. we should talk about chairman powell because as you said it was an accelerant on the market rise today with comments and i would say it seems to me people this pursing of every word seems idiotic because what he said today is what he said before. the look of the data just as janet yellen did during her tenure and be flexible. that came is great news today. [inaudible conversations] >> i put out the protection they won't raise rates. but then you're betting on a bad economy so i don't know. >> i'm interested to get. >> go back to the point of inflation because it's a good one that liz said there's almost none out there. i absolutely agree. look at apple for example. apple can no longer afford to raise prices. they have expensive phones out there but in china there being undercut by cheap phones.

if apple can't raise prices, who can you mac. >> getting back to the fed. i'm interested to get jack's take on this because chairman powell was even talking about the balance sheet and how they may stop or hold their bond buying programs because we seen the effects of taking in the short end of the curve. people have been incentivized to sit on to your cash not ten year cash. jack, your take on his comments when he came to balance sheet? >> i think he's making the right move on taking this conservative approach to rates right now. my concern is we do have to thread the needle a little bit going forward. we talk economy going gangbusters at some point the economy goes so gangbusters you have to talk about raising rates and we have not gone through this expense will become austere of it when investors have been starved for so long for yield

and maybe at some point we ought to look at a ten year treasury yield pushing 4%. why it's in the mid- twos that's reason for concern. when you get to three and a half, pushing 4% on rates i wonder whether investors will take money off the table. david: you're right, we not come off zero interest% rates before but much stronger growth rates that we have now and seen inflation come down. that's why mr. powell has a backward view of thinking that it's inevitable and have higher inflation when you have a stronger growth. 7.4% growth in 1984 and inflation was coming down dramatically. you can have strong growth and lower inflation. >> problem with the fed is there worried about asset inflation so if you consistently look at their minutes or listen to speeches there worried as it bubbles because with bond buying program they financially suppress the little lady in the marketplace and so an equal and opposite reaction happens.

increased volatility and traded above 20 on the vicks and that's what happens in the marketplace. david: gang, leave it at that. thank you much. national security, despite acknowledging productive meeting with immigrant leaders president trump says he is prepared for the shutdown to carry on or months, possibly years, if the deal can be reached on the board of all. a live report from capital in moments. ♪ i am a family man.

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its two week mark, the president says he had a successful meeting with democrats today and they weren't the end could be a while away. take a listen. president trump: >> the shutdown could gone go on for months or longer. did you say that? president trump: i did. absolutely i said that. i don't think it will but i'm prepared. david: christina has been following the shutdown, wrangling inside. that's incredible. resident only the shutdown but suggesting it could go a year more. >> it's funny because the viewers are responding to previous report saying it's no big deal and it's only a partial shutdown. it is a big deal but it affects over 800,000 people and tourists that come to washington but the latest argument going on is whether the president can declare a national emergency in order to fund this fall. issue is there looking at the funding within the department of homeland security but can they take that money and reallocated

to a wall? if it's a transfer it's unconstitutional you need the house or senate probation committees to say yes. if they find money within the military construction budget there could be an avenue to build the wall. that whole area is murky at the moment. unless lawmakers here on capitol hill working hard to overcome the shutdown impasse. earlier today you had house speaker nancy pelosi saying she was willing to negotiate but needs to open government first. listen and connect we all recognize on the democratic side that really we cannot dissolve this until we open up government and we made that clear to the president. >> you have nancy pelosi saying opened for security but republican kevin brady saying in order to have open security you need a wall. listen. >> the democrats are hung up on

calling it a wall but i don't care if they call it a gender-neutral palisade or a linear monument to climate change in truth we need more resources for border security. congress is set to adjourn on to state which means government shutdown, partial shutdown, could continue all the way to one state to make it 18 days, pretty much second-longest talking about partial shutdown. >> it seems like there is a group that will be meeting over the weekend and no one is talking about that but tell us about the people in that room. i know it is kushner and wells from the white house? >> you have a huge list and i'm worried don't have the names because i'm focusing on the lawmakers here but problem is were not getting the details from who is part of the working group. set to meet on saturday and not everyone is involved in chuck

schumer has not given details as to what the working group means and affect confusing part. >> it came up in the press conference is daca on the table as a not a bargaining chip but is something that could be resolved and the president did not seem to want to go there. what is your sense from what you're hearing? >> yeah, good point. it is part of the conversation according to democrats here. if you consider nancy pelosi because she's getting your time and now and has said adamantly the past 24 hours and i listen to interviews and walking around here doing 60 minutes and cbs saying no money to go to the wall however the talk of daca does come up what we do about immigrants in the united states already? seems like that's a bargaining chip but still too soon to say. two been so adamant about not a dollar going to the wall. >> biggest issue i have with

this partial shutdown is it is impeding the free markets and we have learned that the sec is going to furlough workers who are going to have registration statements go effective for ipos so i'm curious to see if barry thinks this will impact the market and could take a toll on some potential returns going forward given the fact we don't have capital market flowing. >> kevin, i was not aware of that. good finds on that sec stuff. will it affect the markets? i don't think so. even the sec be involved in such a small part of business growth these days. at the margins, yeah, but i think people are inoculated to a government shutdown. i'll flip it to christina. what is the mood in washington? sense of urgency or sense of both sides that we are going to

wait it out and see what the other side cracks? >> good question. i live in new york city and in dc and have to say the city is incredibly clean to the smog. tourists are upset that they can't go to museums. went to the museum today and pack because everyone is gone there and that the only museum open because you pay to get in there. mood seems to be people are still going about their days. they're not a federal worker is not affecting them just yet. lot of talk of how it will affect various departments. think of the travel department in the airport. can get a verified anymore and you'll see the morale of employees galore because they are being forced to work without pay and i know everyone brings up the national parks and toilets that have been blocked but it will start to affect the morale not only here but government workers across the country and i don't think we can discount that.

>> can anyone explain to me why democrats are so dug in on the issue? i get wide the president is dug in. he had the crowds cheering them up build the wall and you can say till you're blue in the past base that most people here illegally flew in on torres b cells and stayed over but he had crowds cheering on the wall. for democrats who are not voiced any moral objection to the wall and view it as squander in its $5 billion which is relatively small why are they so dug in that they can't find room to crack my? >> good question. this is power par for the course. not a single democrat voted for this and tax cuts that went through this made american businesses on a global scale. one of the highest tech rates in the world. cheaper for for companies that american companies to invest so

jack, i don't understand why you are surprised or trying to figure out where the democrats are coming from. this is political buster. >> democrats are having to deal with reality and there was a sheriff in california who was shot by an illegal immigrant and the reality is there are terrors coming across the border. i know jackie wants to think people fly in but people walk over the border and need the to be stopped. there came from the constituents and i wonder if you sense any movement at all. if nancy pelosi gives an inch to the president on this she will get hit back hard by left-wing hardy. is that changing at all? >> no, she will get hit back hard because they been so vocal about it. to kevin's point why are they making there's no moral argument. of how the party as a whole is trying to place themselves as being more fiscally responsible

because there's complaints before of the deals be spending so it's a shift in party morality that dems are saying will be more fiscally responsible and third pay-as-you-go program where for every opposite affect in terms of cost so i feel like that is the democratic party showing we can be fiscally responsible and maybe even more so than the republicans. david: christina, thank you. good stuff. the president not amortizing with apple's recent sales setback. what he says could have saved the country billions. that is next. local ♪ ♪ fact is, every insurance company hopes you drive safely.

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president trump: apple makes a product in china. i told tim cook, a friend of mine who i like a lot, make your product in the united states and build those big beautiful plans to go on for miles. build those plans in the united states. i like that better. apple makes this product in china. china is a big biggest beneficiary. david: presence placing apples problem on ceos tim cook shoulders today. cook admitted in his investor letter earlier this week he quote, did not foresee the magnitude of the economic deceleration particularly in greater china. tim cook to blame for apples

decline or result of a trade war? >> not the result of either one the cycle for - you no longer need a new one every couple years with i got couple new iphones recently and i love to tell you they change my life but it's no different. my the phone was three years old and no difference. next big upgrade will be when we have 5g but until then this pace of upgrading is slow. and phones are expensive. i would wish someday he would open a company called trump smart phones and we could see him put his wisdom into action like we did with tom. something tells me tim cook is the right guy to decide how to allocate capital right now. >> i basically think it is tim cook's fault because not because of china, not the iphones but because their failure to innovate. biggest issue there having is that they're relying on one

product and we've heard about apple car, apple tv possibly, new earbuds but we have not seen anything move the needle. he did not come with the op-ed or iphone and i need to see innovation from his company to see revenue growth. china is the scapegoat here and that is where it lies. >> i think that is actually - that's pretty accurate. there are new products for apple and the business is being touted in the company but the problem i have is those are not proprietary businesses and nothing like the leading position they have in phones and ipads and so forth. the must have a place to put the margins when apple made the decision to increase revenues to price increases huge problem. >> i will disagree a little with kevin. a few comments on the presence or marks that the phones are not manufactured in china. phones are assembled in china and manufacture for an iphone

comes from about 40 different countries. within the us corning makes the glass that covers the iphone. chips are made all of the world so that's a silly argument to be honest with you. back to kevin's point blames it on cook. blame on cook is acknowledging in public even if he knew that he wasn't aware that china has such a big impact. even if you know that you don't say stuff like that but failure to innovate i sort of agree and one part but here's where i disagree, kevin. the company built life on these products just like ibm did back in the 60s with a big mainframe company it's difficult to take the cash cow and family say we will invest other resources in other things. apple has tried to do that and try to transition to a services company but it's difficult and

they are being nibbled at with just like ibm was on the mainframe by the cheaper items. heck, david as we discovered still has an iphone one. david: it's not an iphone one. it's a two or three so there is 1.2 second point that the fact is the ceo of the company is supposed to be ahead of the markets and have proprietary information about what is happening in sales of his company and it seems like tim cook was behind the market here to admit he didn't know he was surprised that there was a slowdown in china you should be ahead of the markets. market saw this coming in tim cook did not. >> by the way, in november he was giving a good reports on what chinese still look like. i don't know what happened there but there was a disconnect in terms of information. [inaudible conversations]

>> apple will live to fight again. their customer base is sick and going nowhere. i got eight years of my kids pictures with apple somewhere and i'm not going to switch from other benefactors. their customers upgrade and even david with his phone - david: you can buy mine for real cheap right now. [laughter] >> so you know it's important to note that the utility company right now. 80% of operating systems on apples 20% and refuse to compromise margins. increase the price of the phone and prices are going to complete an apple was the number four producer in china and trying to get more margin share because china will have 40 million people in the middle class 2020. >> and when millions of people carry around an iphone six you not sell an upgrade for a thousand dollars. there was a price point they cannot be. will congresswoman alexandria

cortez in the news again and wants the wealthy to pay for her plans. to hugely expand the size of government but what would that do to the economy? details coming next. ♪ i customize everything - bike, wheels, saddle. that's why i switched to liberty mutual. they customized my insurance, so i only pay for what i need. i insured my car, and my bike. my calves are custom too, but i can't insure those... which is a crying shame. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪

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♪we've got a long longe road way to go♪ ♪scared to live, scared to die♪ ♪we ain't perfect but we try ♪get along while we can ♪always give love the upper hand♪ ♪paint a wall, learn to dance♪ ♪call your mom, buy a boat♪ ♪sing a song, make a friend♪ ♪can't we all get along? >> when you get that to be top on your ten mins your dollar you see tech rates as high as 60,

70% and it doesn't mean all $10 million are taxed at an actually high rate but means that as you climb up this latter you should be contributing more. it only has been radical to change his country. abraham again in the radical decision to sign the emancipation proclamation. franklin delano roosevelt made the radical decision to embark on establishing programs like social security. that is radical. >> to call yourself a radical? >> that's what radical means, call me radical. david: and john kennedy made the radical decision to cut tax rates. alexandria alexandria ocasio-cortez details how she plans to play for multitrillion dollar of our mental economic agenda known as the green new deal by increasing the top federal tax rate to 70%. what do you think that would do to our economy?

>> david, in a word, kill it. i'll get back to that. a few takeaways. i thought the whole interview. this is a woman not to be titled it. she has a ton of charisma. the republican party better find an answer, someone who knows social media, young, attractive, energetic. as for her message the problem is she talking tax rates back like 40, 50 years ago when there was a ton of loopholes. people could get fight with pain 65% tax rates because they effectively paid 25% but bottom line is get back to my point it would kill the economy it's an economy based on capitalism. people want to earn money and be wealthy and they want the fruits for those rewards to say you work hard at the.

we take away most of your money - there goes the incentive to innovate and there goes the bill gates of the world et cetera. >> by the way, it's been tried in numerous countries particularly in europe. you put in an extremely high tax rate on tip top earners and they go to another country. it's a very obvious outcome but what is interesting is she wants to use these monies to pay for the green revolution she is behind. that's because she's beginning to find out the green revolution using more and more green energy is a tremendous tax on many people generally or would be an american tax but in particular on those who pay more of their income for energy which is low income americans. >> why is she such a fascination among republicans? i see her all over tv. she's been in congress for five minutes and junior of junior people and he or she is talking with anderson cooper and the whole country talks about her. she has enthusiasm and talk about being way to the far left

let me tell you, on some issues she's not so far left from ordinary middle of the country. most people want something done with healthcare that gives access and most people want a higher minimum wage. >> do the most people in america are socialist? >> no, but most are hurting and want something other square deal than there getting out. i think they like - i'll be the first one to tell you 70% is not the number you be off. >> cannot answer jack's question why programs are so preoccupied with her? republicans are having a similar situation that the democrats have with trump arrangement is something republicans have alexandria ocasio-cortez derangement system. they know if this is minute it would kill economy and do terrible things and fascinated by. let's call a spade a spade.

she could give 100% taxes and will not pay for the programs. truth of the matter is she no space would never happen and she comes out and says the things gets to the followers and press and we gobble it up but it would never be implemented. >> and it's so anti- most liberal of democrats like john f. kennedy when the biggest tax cutters and i will quote john f. kennedy, gary, you love this, sound is raised to raise revenue is to cut taxes. that is john f. kennedy. wonder if she knows that background of his? >> i totally agree. here is my point. she is very much like jfk. jfk was a very young residents. i don't recall what might be the youngest ever been photogenic, had energy, good looking, this is all the thing in the package here and the problem is i go back to my point the republican party does not have - the counter to that argument is when she said we want wealthy to pay

more fair share of taxes these encounter is the top 1% pay 40% of the federal income tax. there's your counterargument. it's simple but no one is saying that with her energy on the right. >> gary, you talked about loopholes. we about to get a tax code that over 74,000 pages printed by the irs. the rich won't pay that. it's a matter of fact. either they find loopholes or do what she said and leave the country. as people climb letter they will stop climbing the ladder. david: the one thing we did not publish with the tax cuts last year was the publication that they promised but no follow through on that and that gives more credence to what she said. thank you. will a 200 -year-old restaurant in boston survive wars, depression but could not survive a big hike in the minimum wage. we will tell you more about that coming next. ♪ ng my symptoms... (ah-choo)

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david: a landmark boston restaurant started in 1827 is closing and the owner is blaming the state of massachusetts. he recently cited the 15-dollar minimum wage played a major role in the shutting down of the institution. the more businesses close as more states hike the minimum wage this year? >> yeah, alexandria ocasio-cortez we just talked about she used to work at here in the bronx close because of the minimum wage so maybe she can figure that conundrum. it's important to note as a small business owners you not only pay wages but pay benefits so there's costs going up for employers not just minimum wage.

>> nice job working in the oac representative reference. business restaurant is down 30% in the past five years. people don't want to go for the big ones don't cuts of beef. by the way, minimum wage has gone from $11 in boston to $12. if you run a business and can't pay your workers $11 an hour i'm not sure you have a profitable enterprise to begin with. when people pay low wage of $8 an hour workers go right over to jackson hewitt and claimed earn income tax and reach their hands into my pocket for federal tax dollars to top their wages. why should i pay the payroll bill? >> this engenders a whole other conversation and it's a serious problem in our country the people who work very hard, full-time, do not make enough to

feed their family. it's something republicans are talking about democrats talk about and i don't think personally having a federal minimum wage go up gigantic to which democrats have talked about makes any sense at all but every region is different cost and are now dealing with the same minimum wage. it's a place we all went to and loved it and probably a little tired would be my guess. having said that, the states where you have big jumps in minimum wage there is data to show it does force people out of business, no question. >> it absolutely does. i disagree with jack in one regard. restaurants in particular have not been able to afford it and restaurant business is a brutal, low margin business. not just minimum wage they pay for but it's healthcare and employees not showing up and efficiency in the restaurant and whole list of things that go along with it. will restaurants and other businesses go out of business because of it? yes or you may also happen, my

local sams here in vero beach there was twice as many cashiers as there was this year. reason - it's all automated checkout now. i tell you what. no one complaining that they've scanned her stuff, pale credit card in march on out. david: other point to make an jack i don't know if he worked as a waiter and i have worked as a waiter in those ones don't meet restaurants and you don't make your money from the wage you make the money from the tips. it's the tips and frankly, i made more than most people that were making just minimum wage even though my actual wage was below that. there are alternatives and not all jobs provide tips. those - >> for the record, i was a dishwasher that i was not handsome enough to be a waiter. good for you. >> i'm not surprised david gave great customer service and got tons of tips. david: thank you, guys. leave it at that. [laughter]

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sending first-time homebuyers to the bank of mom and dad. turning to parents for loans isn't new. but it's up 22% from 2011. is this another red flag for the housing market? >> a couple years ago we moved to florida and we had to get a mortgage. getting a mortgage is a complete hassle. if people are turning to their parents, and a lot of them are sitting on a ton of home equity. i hope it reforms the home mortgage industry. >> there is an affordability problem. i visited recently with the chief of blackstone.

he sird what's next for housing. i am not concerned about prices falling. it's highly unusual historically speaking for house prices to fall. even if some of the appreciation cools off, you have a flattening while inflation catches up. >>er model in the world assumed nationwide housing prices would never go down because they had never gone down in a synchronized way. but i think this changed in terms of like everything, it's a reforming of the market. there were so many players in the market willing to throw cash at first-time homebuyers with poor credit scores. so people are turning to their families. i know the data suggests people

are more likely to walk away from loans from their parents. i dispute that. >> i think what we are missing is we have an entire generation that mortgaged their middle class future because they are indebted by student debt that they can't get out of. i think that's probably one of the worst things we are having. not only did they have the student debt. but they have health insurance that costs more than they are receiving. that's why we saw tons of younger generation people not go into obamacare. the problem isn't the housing market. we have a generation that's saddled with debt. david: the forms you have to fill out because of all the extra regulations that came in after the 2009 recession.

if you get a loan from our parents or a distant relative, you don't have to go through that mess. >> i have 20 pages of forms. you have to have a job and a demonstrated ability to pay what you owe. you have to come up with a small down payment. david: i'm selling my parents' house. the house i grew up in. i had to sign a 64-page document with the home agency helping me sell this house, and that's on the seller's side. maybe you need extra regulation after what happened, but not as much as we had. >> the miracle of having a crisis is nothing does better than a crisis for generating regulations. there is movement to roll some of that stuff back.

>> regulations increase costs. >> that, they do. david: thank you, have a great weekend. thank you all for watching. we'll see you here next time. president trump: i don't call it a shutdown. i call it doing what you have to do for the benefit and safety of your country. the border is a much more dangerous problem, buyinger problem. it's a problem of national security it's a problem of terrorists. >> he said he would keep the bordered closed for months and years. it's hard to see how progress will be made unless they open up the government. liz: the dow up on a big jobs number. fact