lynn eages, software group as air to grow and semiconductors from a business standpoint. [closing bell rings] lauren: john, thank you very much. we're out of correction territory. i will say take that to connell mcshane and melissa francis. connell: thank you, lauren. that is a nice close. green on wall street all three major averages ending in positive territory. five days in a row we've been positive on market. jay powell saying he sees no recession in sight as far as he sees, prolonged concerns about the government shutdown and impact on economy but overall seems like a positive. the dow closing higher, settle ising up 118 points. correction territory as lauren talked about, very nice. closing, doesn't look like it will settle above 24,000, but just about. good to be with you, i'm connell mcshane. >> i'm melissa francis this is

"after the bell." tech-heavy nasdaq closing higher as well, 2points. good day. more on big market movers but here is what is knew h new at this hour? >> president trump looking at security in mcallen, texas, where he makes his case on a wall. he is telling reporters he has a right to declare a national emergency if talks continue to go south in washington? speaking of capitol hill, i'm not sure we're getting. is executive privilege the only way out? connell: we'll see what the president chooses to do. connell: dow ending fifth day in a row in the green. edward lawrence starts off in washington with what is happening there including

comments from the fed chair. reporter: exactly, connell. the market listened as the federal reserve chairman spoke. he signal ad possible pause in rate hikes to let the economy grow. >> the good thing is we're in a place where we can be patient and flexible and wait and see what does evolve and i think for the meantime we're waiting and watching. reporter: powell outlined the strength of the u.s. economy with unemployment under 4% and inflation just around their 2% target. in their view the biggest threat to the economist is outside influences. powell wants to see how global slowdown will impact the u.s. it is not but the powell acknowledged that it makes the markets very nervous. >> we see the financial markets expressing a view of concern about downside risks, really associated with global growth and with trade. how do we put the two different signals together? i think actually we're in a good

place. reporter: this was a signal the federal reserve has seen the volatility and wants to reassure the market they will adapt monetary policy going forward. that includes unwinding the balance sheet. the fed chairman would not turn down a meeting with president. however if the shutdown lasts long term he says it will show economically in economic data, even affecting data the fed uses to set policy. with the commerce department shutdown the fed may not get the gdp and retail sales numbers that it needs. connell. connell: edward lawrence in washington. melissa: let's go to gerri willis on the floor of the new york stock exchange. say good-bye to correction territory, gerri. at least for now. >> for now, you've got that right. we had a big selloff in december. we see the dow and s&p exiting correction territory. the dow had to be up some 93 points to get out. it is. it is up 121. s&pfy hundred only had to be up

one and a quarter to get out. hope it stays. other news hitting headlines. ford cutting thousands of jobs in europe. thousands of jobs. they employ 53,000 people there. why? tougher emissions standards, global slowdown led by china, slump in demand for diesel vehicles. if you remember at end of november, gm would cut 14,000 jobs. this is happening at ford as well. big story, retail taking a hit. macy's having the biggest selloff in 18 years. pardon me, in a decade. the stock down 18%. the company had disappointing sales in the december, yes the christmas season. not good news there. and they also lowered their forecast for the balance of this year. bad news there. also saying they had bad results in december. the entire sector sold off, that made it tough for some s&p 500 companies. back to you. but good news on the dow and s&p today. like to see that.

melissa: we'll take it. gerri, thank you. connell: we'll talk about that with our market panel. david dietze, point view wealth view asset management president is with us today and erin gibbs, s&p's investment advise sy services portfolio manager. welcome to you both. erin, start with you, gerri says some issues, retail is one of them, big picture, we heard from the fed chairman, maybe he thought he was little sloppy about comments about the balance sheet but overall interview, his overall view was fairly positive. he which sit back and watch, if the rest of the world slows down he will act, what do you make of it. >> very much like the last interview. this is good. he is definitely going to react according to data which they like to repeat, but again the markets responded very postively. i think he was a little more clear-cut than some prior interviews. so overall i think this just removes some uncertainty the market felt was out there, and overall, we're feeling a little

more confident. connell: that is the thing, david, after last friday, now we work into the majority of this week and we are up five days in a row. probably no coincidence, that comes since the jay powell comments last friday, leading up to today's comments, is is the fed out of the way as creator of uncertainty, leaving china as a big stumbling block that remains? those are big two everybody told us. is one out of the way or is that going too far? >> certainly the risk investors perceive from the fed has diminished a great deal. they obviously changed the tone. they will be responsible and responsive to the size of the market. i thought interview was good too, it put a human face on him. he seemed a reasonable guy that would do the right thing and not pursue some sort of policy that totally disregarded other things but i have to say, you have to wonder why the is fed a little bit off to the side? they are too seeing signs of global weakness. ultimately that is more important than the federal

reserve. connell: he did say that. melissa: day 20 of the partial government shut down. president trump is touring the border in mcallen, texas, wrapping up a meeting with border patrol agents. blake, any movement? reporter: if we have live picture, let's take it of the president at the southern border f not i will show video of him a little while ago. there is complete stalemate from washington, d.c. what president trump has done, go down to texas, border town of mcallen, texas, to pitch the need as he sees it for a border wall. the president making a point in front of cameras and border patrol officials. he has been there a couple hours. before he left the president continued to say he entertaining the idea declaring a national emergency since congress should not give him wall money he wants, democrats and the house and the president has says that his lawyers told him 100% he could do that if he chooses.

>> if we declare a national emergency, we have a tremendous amount of funds, tremendous if we want to go that route. there is no reason why we can't come to a deal. but you have another side that doesn't care about border security. the democrats, which i've been saying all along, they don't give a damn about crime. reporter: however that would have assuredly face legal scrutiny, when you strip all of the politics away from this, tomorrow will be day 21 of the government shutdown, tying it for the longest streak ever. and 800,000 or so federal employees will miss their first paychecks. democrats are blaming the president. >> the president is treating these hard-working americans, leverage, pawns in his political gambit to extract $5 billion

from american taxpayers to fund a border wall he promised mexico would pay for. reporter: the president also announcing today, melissa, that he will not be going to davos, switzerland, later this month for the world economic forum, citing this partial government shutdown. melissa. melissa: blake, thank you for that. $1.2 billion a week. that is how much the shutdown is costing the economy, according to the white house own chief economist kevin hassett. david, erin are back with us. david, i never know how to take those numbers because so much is made up later. i don't know. how do you quantify the impact of something like that? >> well, i mean. >> from the investors perspective it historically a nothing burger. the dow is up 1500 points since the government first shut down. different economists will talk about. .1 of a percent of gdp each week

or each two weeks. the fact of the matter, any point, the shut down can be stopped because of course mr. trump does look at stock market. no one should be selling stocks based on that. if the stock market falls off tremendously, i think you see more negotiations there. melissa: erin, always hard to measure the impact of this thing, they talk about people won't be included in payroll, aren't working, but we all know they're furloughed, sitting on the sidelines, will get the money anyway, not like they're losing a job, just not doing it, but what do you think of the impact? >> most of them will finally get those paychecks we could see companies blaming underperforming in consumer spaces. >> they love that. >> it will be the dog ate my homework favorite of first quarter. fourth quarter, we definitely shouldn't hear about it. when you look at impact,

eventually they will get their money, in which case the first quarter, yes would be completely valid. we've done back of the envelope estimates. it is about a quarter of a percent of gdp each week f it lasts an entire year, it would be significant. for a couple weeks it is very small and most of these people will get paid. we shouldn't see a big impact in the markets just yet. melissa: i have had today, erin, thank you so much. connell: another item to blame. i thought they would blame shine like apple did. dot shutdown, weather. melissa: i could blame you. i'm only kidding. connell: never, never. we'll have more on what is seemingly never-ending feud over the border wall. live reaction from lawmakers on capitol hill. republican congressman buddy carter from georgia responds after the break. melissa: we're taking you live to mcallen, texas, where president trump is getting first-hand look at our southern border.

that americans need to build, not a wall, not a fence, but a system. connell: build something. speaking of apple, they're feeling pressure to do more, amid slowdown in iphone sales. we'll talk about what that might entail. ♪ 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. ♪ (vo) ♪ here's a question. was it necessary to create a luxury car more teched out than silicon valley? with a cockpit fit for aspaceship. hang on. radar that senses things the human eye can't.

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i decided to make shirts for the walk with custom ink. the shirts were so easy to design on the site. the custom ink team was super helpful and they just came out perfect. seeing my family wearing my shirts was such an amazing reminder of all the love and support that everyone has for my dad. - [narrator] check out our huge selection of custom t-shirts and more, for teams, businesses, and every occasion. you'll even get free shipping. get started today at customink.com. >> when i say mexico's going to pay for the wall, you think they are going to write a check for 20 billion or 10,000,000,005,000,000,000 or two cents? no, they're paying for the wall in a great trade deal. connell: all right, president trump touring the southern border today, as he continues to threaten the declaration of a national emergency if congress won't give him a $5.7 billion he is demanding to build a wall or barrier. casey stegall is live on the

ground for us in mcallen, texas, where the president wrapped up his visit. casey. reporter: connell, good to see you. when the reporters tried to nail the president down whether he was any closer to declaring that national emergency, he kind of evaded the question a little bit, he said it is still within his power and something that hopes he doesn't have to do, but he is prepared to do it, if congress doesn't help. local leaders say what just happened here is perhaps the most important part of what happened while the president was visiting this region because he was right out there in the field, seeing the border for himself, got briefed by agents on the ground. the reason they feel it is so crucial is because unlike any other part of our nearly 2,000-mile-long border that we share with mexico, a narrow river, the rio grande river, is the physical international boundary. on one side you have got the united states. mexico is on the other side. some people don't even know it

is so shallow you can physically walk across the river in some spots. you can see vegetation is very thick. so that could pose some unique challenges to constructing a barrier or wall here. but president trump, speaking at a roundtable this afternoon, maintains that a physical structure is necessary to stop the flow of people and drugs coming into the united states illegally. citing the recent death of a california police officer, shot and killed by an illegal immigrant whose brother was a special guest of the president on this trip. listen. >> nobody talks about how unfair it is to the victims of these brutal killings. and by the way, over the years there is thousands of them. i don't mean hundreds. i don't mean in the teens. i mean thousands of them. these officers can all tell you about them. [applause]

reporter: can see the president there giving the brother a hug, thanking him for being here. now, the mayor of mcallen says that his worder community, seems split right down the middle. half who support the wall, believe this is a national emergency, with the other half saying that they think that this is a manufactured crisis. "tale of two cities" here at the epicenter of a debate that seems to be dividing this country at the moment. connell. connell: no doubt about that. casey stiegel in mcallen, texas. melissa: joining us congressman buddy carter from georgia. thank you for joining us. first i want to ask you what the temperature is there like now? it seems like a little shift in the language and messaging, i heard a number of democrats, "politico" reporting from some democrats they're feeling pressure and heard them talking

about a strong border in addition to opening the government. has there been any kind of shift there? >> well i would sense there has been a shift. and i, my sense is that on both sides of the aisle we want to get this resolved. we have to do that through negotiation. everyone agrees the number one responsibility of the federal government is to protect our homeland. we can only do that through a secure border. you have to have a combination. melissa: stop you right there, you say everybody agrees the number one priority is protecting the nation with a strong border. you feel like democrats agree with you on that? >> well i don't know all of them i agree but i think a lot of them do and certainly think they should. but at the same time, we have to stay focused on issue at hand. the issue on hand right now is a crisis, a crisis at our border. we have got to secure the border. over 300 people every week in this country die because of heroin addiction. over 90% of the heroin coming

into this country comes through the border. >> i don't want to diminish any of that. critics on the other side, say it comes through the port of entry, whatever, in any case you feel like behind the scenes there is any progress? we know lindsey graham is trying to get groups together. he continues to put good options on table, good options that hopes the democrats pick up. that blowup, no matter who is describing it, it didn't go well. do you feel like things are closer today than yesterday be or no? >> i would agree they are closer. both sides, democrats and republicans want to see the government open again. more importantly they want to see our secured border that is the main thing here. melissa: do you think democrats over played their hand? do other democrats think that, are they moving away from nancy pelosi or holding the line? >> well, you know, i'm not privy to the inside information that they have but my sense --

melissa: you don't listen to them in the cafeteria or anything like that? you don't eavesdrop in the hallway? you don't stop in the office to poke your head in to see what is going on? >> i do. i have a lot of democratic friends. as regular member of the gym, i see them there all the time. the sense i see they want it resolved as much as republicans want to see it resolved. melissa: we all do too. congressman carter, thank you for coming back. >> thank you. connell: president trump's long time attorney michael cohen agreed to testify publicly in front of the house oversight committee. that will happen next month. the date that has been set is february 7th. it will come right before he is scheduled to head to prison. this came in a short time ago. we'll continue to monitor the story, bring you any updates as we get them. melissa: throw that in the middle of a busy news cycle. nothing -- no everything happened today. connell: that is how we roll. melissa: more on the shutdown showdown, what congressional leaders are saying on capitol

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connell: we've seen five days of gains on wall street. all three major averages closing in positive territory again today. the dow, s&p, both officially out of correction territory, up more than 10% from their lows reached on christmas eve, december 24th. early today in washington, fed chairman jay powell sounding relatively upbeat about the u.s. economy, warning of a potential impact after global slowdown. take a listen. >> if you ask me what am i worried about? the u.s. economy is solid. there is good momentum going into this year. the principle worry i would have is really global growth. if you look at asia, look at europe, you're seeing slowing in growth. the question would be how much

does that affect us. connell: we have alfredo ortiz, i he attended that event in washington and hadley heath manning. independent women's forum policy director. criticism of the chairman before last friday, he didn't get it, didn't get what the markets were for, didn't get what is going on in the economy, does he get it now? what do you make of this. >> happy new year, connell. you had a guest that said fed had no impact on economy. we know absolutely not true. the fed has impact on economy. the best thing about today's speech, it could have been a lot worse. he basically incident say much at all. the best news, good news, the economy and fundamentals of the united states are there. yes there is easing obviously on the global front. but the fed has to understand, sometimes his off-the-cuff remarks do impact the economy.

we had 250 point intraday swings there, a lot driven by this statement he said he seemed like balance sheet was too heavy, with too much credit out there. connell: certainly impacted the financial markets to your point? >> absolutely. connell: hadley, your view on how the fed chairman sees things and whether he is right? as he mentioned in the clip he is worried about a slowdown globally as most observers of the economy are. the idea, sit back, see what happens, and see if the economy slows more than he expects he is at the ready. do you think he gets it, that he is on top of things now? >> this is non-traditional fed chairman. we have a non-traditional president. jay powell doesn't come from the traditional academic background as economy. comes from a completely different world. people look at fed minutes came out from the december meeting,

they came out yesterday, saying what is the fed thinking? his remarks give us a full picture, but he is is dovish to the united states. look at our labor market. it is undeniable we're adding so many jobs people reentering the workforce. we have room to grow. however looking internationally. there are earn is aspects of the u.s. economy i would say give us pause. for example, our gdp to debt ratio. he is taking all these things into account. this is encouraging. connell: i hear you. alfredo, let me ask you what hadley brought up on jobs because you might have a sense of that. >> that's right. connell: from people you're dealing with, what are you seeing out there, particularly small business? we have good numbers. initial jobless claims again good. all the data is good. what are you seeing? >> the fundamentals of this economy are very, very strong. the low regulatory environment. low tax environment still exists. our small business owners are

hiring. there are seven million unfilled jobs in in country right now. really optimism continues to be high. our small business owners continue to hire no slowdown there? >> no slowdown. fundamentals are strong. they are looking good. connell: we'll leave it. there we'll have you both back. >> thanks, connell. melissa: did you know it was day 20, day 20 already? >> i thought it was 19. melissa: 19, 20, we're on the precipice here. connell: 21, whatever. melissa: political divide on -- no end in sight as the shutdown lives on another day. we're live in washington with the latest. plus saying no to davos. president trump canceling his trip as the border battle gets more intense. what his absence could mean for our trade talks with china. ♪ the day after chemo might mean a trip back to

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enjoy bipartisan support. >> this is in its infant stages. no commitment by anybody, but i'm somewhat hopeful maybe there is a way to get what the president wants and in a fashion that would do the least amount of damage to the country at possible. reporter: but senator graham told me moments ago, they are stuck. they are not sure what president trump would accept when he feels like he was burned in previous immigration talks. it is unclear if the president will go around congress. >> i think the best way to do it is legislatively. why the president continues to stay in the room. that is why the president continues to work. if the president was not calling us together there would be no movement here. i found the president continuing to make offers, continuing to try to find a solution. he will not give up on this because he promised american public. reporter: a leading senate democrat warned president trump calling this a national emergency. >> if this one or any president

decides they want to move unilaterally to spend funds, declare a national emergency for whatever they find of interesting, goes way beyond what i consider the clear delegation of authority under the constitution. reporter: the problem for the white house democrats on capitol hill have not shown willingness to negotiate over president's plans for a border wall. led to white house meeting with top eight congressional leaders wrapping up very abruptly and a senate republican says he is convinced the new house speaker does not want to deal. >> i don't think speaker pelosi want as resolution for this. she is much too intelligence and talented been in too many negotiations to behave the way she is behaving. reporter: lawmakers know it is about to get real, when 800,000 federal employees don't get paychecks tomorrow. that should turn up pressure on capitol hill. connell. connell: mike emanuel for us in washington. melissa: joining to us discuss, brad blakeman, former senior staffer to george w. bush.

what do you think has changed in the past 24 hours? do you think that they have gotten closer to a deal? we had the blowup at the white house, but since then as we said earlier in the show we heard some democrats talking about, we want a strong border and we want to open the government as opposed to nancy pelosi's stance we won't talk about anything until the government is open? >> we know moderate republicans and democrats are working behind the scenes. the problem you can't make a deal unless the leadership is fully invested whatever you come up with. clearly we know from the behavior of both the senate minority leader, chuck schumer and the speaker of the house nancy pelosi, that they are not there yet. they would have to be sold on any compromise that came up lower than their rank, if you will. i think the president is laying the predicate by not only the address to the nation but visit to the border in texas. we'll see where it goes.

there is not much more time before people start feeling effects especially people that are furloughed. melissa: don't you feel that they are daring him to go for the national emergency and that would blow up in his face? they clearly want him to do it. seems like what that blowup at the white house was about, taunting him into it, the same way last time you want to shut it down. if it's a shut down you own it. he said i own it. you knew where it was going. seems like this meeting was designed to taunt him into doing the national emergency and it would be, you know what they want and thus a mistake? >> well what democrats don't realize, sewelling president does declare a national emergency he certainly has power to do it and the facts justify it, but okay, he does the national emergency. that doesn't end the crisis that we're facing now. you still have to come to a deal on the appropriations. not only if homeland security but some other agencies still in him bow per the continuing

resolution. melissa: yeah. >> one doesn't solve the other. melissa: doesn't solve the problem. we heard a short time ago, we see pictures, he was talking about daca and saying he wants to solve that problem. he offered it before. he was putting that language back out there again. is there a scenario, you know, where he just continues to make them offers that they look, they begin to look very foolish for not taking? i mean can you go out in front of a camera, look, this is what it is i want to give them. things in the past, the rest of the right hasn't been willing to accept? but maybe at this point, when things have gotten so bad, that people on the right would accept more of what the left had been asking for. and then you kind of paint chuck and nancy into a corner where they're saying no to dreamers and saying no to more money for the beds that he is going to visit and all these different things? >> the president can't negotiate against himself. the president in good faith said time and time again, i'm at five

billion, you're at 1.3. let's see where we meet in the middle to get things accomplished. he is talking about personnel. he is talking about beds and he is talking about physical barriers and technical security. everything is on the table with the president because the president has come to the table in good faith. the problem is, democrats have not. they have said it is your wall. it is not his wall. it is our wall. its our security. it is our fencing. it is our needs. i think the president showing his good faith really painted democrats in a corner. >> we'll see. brad blakeman, thank you so much. >> thank you. connell: when we continue, a shift that we're kind of detecting in apple's strategy. talk about the slowing iphone sales. it is putting pressure on the company to boost revenue from another division. why critics say that won't be easy. plus, bracing for a landmark divorce. the amazon founder, jeff bezos and his wife splitting after 25 years. where does that leave the family fortune? what does that mean for the

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connell: get to breaking news. president trump is on his way back from mcallen, texas, receiving a security briefing and tour of the southern border. president arriving at steps of air force one. we keep eye on live pictures. bring in republican congressman bruce westerman from state of wisconsin. thank you for coming on. we've been showing the president's trip to the border, continue to do so. he is trying to make the case. he has been doing it in a oval office address. he is doing it today. with border patrol agents and others. is he moving the needle at all? doesn't seem like we're making progress in negotiations unless you know something that hasn't

been reported? >> from my responses in my office, my constituents calling, they're behind what president trump is doing. it is great he went to the border. we had the opportunity to be there a couple times myself. it is eye-opening to see there what is actually happening, talk to people being affected. talk to border patrol agents, facing the illegal drugs, human trafficking and all that happening every day. so -- connell: 20 days into a government shut down, are we closer to having a government come back to being fully functional? >> we're obviously closer than we were yesterday. the question is when, when that day will be. connell: you think so? maybe we're closer to the president declaring a emergency, that what you're referring to, kind of doing it on his own? >> yeah. i think something will happen. he will either declare the emergency and do it on his own or democrats will finally come around and take our nation's security seriously. connell: do you think the emergency declaration would be a mistake for the president

politically or something that shows that he is is kind of fighting for his constituents or his supporters, i guess i should say. showing them that he is willing to go as far as it takes, whether or not the courts hold it up would be a different story but do you think it is the right thing to do? >> you asked first if i thought it was politically the right thing to do. i mean, who is to question president trump on political strategy. he seems to be very good at that. the right thing to do is for house and senate democrats to pass appropriations bills have that funding for border security and for national security in it. i mean, president trump is our commander-in-chief. his agencies told him what they need to make our country secure. he asked congress for that. we should give him resources. connell: giving resources, appropriations, there were bills, another one there, a short time ago, which would open up portions of government, open

up portions that were closed, negotiate the rest of it, do you sport that kind of thing? >> i support getting funding for security and we voted on that already in the house, last congress. connell: that is a no. all or nothing? you say you have to open up the whole thing get a deal but nothing piecemeal, nothing one at a time like that? >> no, tell you what i would like to see essential government employees. if there essential and they're working they should be paid while they're working. so i wish we could find a mechanism to continue paying them white they're working. that is not right. doesn't happen anywhere else. you get paid for your work. connell: tomorrow is pay day. something you will hear more about. >> sure. connell: congressman, thank you for your time today, congressman westerman. >> good to be with you, thank you. connell: the president is on his way back as we showed you. we continue taking aim at a former president, president obama. secretary of state mike pompeo

oversees, delivering a fiery speech in cairo today, strong rebuke of the past administration's middle east policies. why he says there is a brighter future unpresident trump. walid phares on that, national security analyst. he is coming up. ♪ while helping plan, invest and protect for the future. so they'll be okay? i think they'll be fine. voya. helping you to and through retirement.

connell: billions on the line. amazon founder jeff bezos and his wife mckenzie are ending their marriage after 25 years. no prenup agreement according to "tmz." the couple could end up splitting 137 billion-dollar fortune in half, 50/50, most of that in amazon stock. the two own 400,000 acres of property on top of that. remains unclear how the split

would impact the ownership stake, by the way of amazon and mr. bezos has 16 plus percent. then there is apple. the next move is to boost services business, in wake of slowing iphone sales we're reporting on. deirdre bolton with the latest on the shift that is happening. melissa: it's a big shift, connell. apple's strategy to go from a hardware company to phones from ipad to services company but this transition is not easy. just last week we talked about this. apple cut its forecast for the first time in decades. it sent the stock tumbling. the first warning since 2002. it caused apple to lose its one trillion dollar company standing. this is not the whole story. tim cook making sure to highlight apple's services business. that is the fastest growing segment at the company for now, $10.8 billion in sales for

december quarter. that number includes app store sales, streaming music subscriptions and mobile payments. there is a lot the investing public does not know about the number, the number of icloud subscriptions for example, but what we do know that apple's app store is the largest contributor to the services number. it is about a third of that sales figure. so when apps are sold through the app store, apple we know take as 30% cut. here are where things are changing. more powerful companies are figuring out work arounds. netflix, the netflix app is the apple's biggest earner in the u.s. when you go through netflix through apple net store, both netflix and apple make money. apple plans to stop using billing system for its customers. it makes you go through its website, its own app, bypassing apple. netflix not only company doing

that. but apple has a tough road ahead. connell: that is the interesting part. deirdre bolton. president trump calling off his planned trip to the world economic forum in davos, switzerland. what does that mean for the trade talks going on with china? he may have had a meeting he was going to have there. we'll talk about that next. ♪

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particularly in the middle east. he told you that the united states and the muslim world needed "a new beginning." the results of these miss judgments have been dire. connell: we are joined with fox news national security of foreign affairs analyst from washington, tough stuff about a former president from the current secretary of state who goes on to say that it's wishful thinking of the obama era even though as you heard he didn't mention the former president by name. what did you make of it? >> well, look in general terms, secretary pompeo has the full right to come and say that we have changed policy, the trump campaign, 2016 and 2017 when the president went and addressed 50 arab and muslim leaders he basically said the same without mentioning the previous administration. i think the favor of that administration to implement over the end of 2017-2018 is due to

domestic opposition and that's why secretary pompeo is criticizing that. connell: the criticism of this administration is a somewhat different subject but in the same region is that pulling out of syria too quickly might embolden iran and again ressurect isis. what do you say to that? >> this should remind us of when the previous administration withdrew from iraq, much larger and the consequences were dire. we had isis, we had the kurds being brutalized and we need to learn from that in syria connell: so the president does seem to be shifting gears on that a little bit and sounds like you think that's a good idea. before you let you go as we approach the top of the hour here i want to get your thoughts on another important story, the president earlier today tweeted because of the democrats and transients on border security and the great importance of safety for our nation, i'm respectfully canceling my very important trip to davos switzerland for the world economic forum. warmest regards and apologies to the world economic forum. i guess when i saw that my question was and maybe this is putting it together too much but maybe this has an impact on the

trade talks with china, because the reports the president might meet with china's vice president on the sidelines in davos. do you think it'll slow things down now? >> no, it's all about optics and everybody that goes to davos goes to send a picture, re negotiations actually do not even happen there. they happen between task forces so actually, he's winning on two points. he's sending a message that he has an urgency so he tells the international community what are his priorities and then he's telling the american public i'm not going to davos i'm going to the border. connell: do you think we're doing okay on china making progress from what you can pick up? >> i think that china is doing okay from their own statement but of course it's a long road not an overnight issue. connell: no, well that's the thing people have to keep in mind is that if they're hoping to have it solved the next 30-60 days maybe the hope should be at least we get an extension and they keep talking but it might take a little bit longer, walid, always good to see you, sir thank you for coming on joining us from washington. all right, another interesting

day in the markets especially at the close as we really rallied into the close, and at the end of the day after the jay powell comments the dow up 123 points. as always thanks for joining us here on after the bell. it's david asman and bulls & bears starting right now. david: the partial government shutdown now just two days from becoming the longest in u.s. history, and the impact is growing, we are live on capitol hill, and along the texas border with the very latest. this is bulls & bears, thanks for joining us everybody i'm david asman joining me on the panel christina p, jonathan hoen ig, kevin kelly and robert wolf. so president trump now on his way back to the white house after visiting the texas border this is a fight over wall funding continues, the president tweeting this earlier. because of the democrats and transients on border security and the great importance of our safety and for our nation i am respectfully canceling my very