stuart: knowing amazon it might well be, walk in, flash your phone, walk out with the stuff. you could go crazy like that, couldn't you? i'm a little tight. so i wouldn't bo crazy. neil, any comment please. neil: a little tight? stuart: i knew it. neil: a little tight. oh, my god. i can imagine you in there, varney, go, we have got customers. please go. thank you very much, my friend. that is weird the whole chrysler building situation. imagine flash your phone to buy the building as lizzie pointed out is up for sale. the president will land in new orleans soon. addressing a lot of farming interests. president saying avert a shutdown, revert to an emergency, he ain't buying it. >> that was a suggestion that lindsey made but i did reject it yes. i'm not interested. i want to get it solved. i don't want to just delay it.

i want to get it solved. neil: it is in a long way being solved. we're in the 24th day, easily breaking the record established in 1995. compounding this report out of china showed a real slowing down of that economy. we've been emphasizing, isn't so much to get a trade deal, but whether we cobble one together will it really stand out or be worth it at all? the chinese economy is scoring. they scored a record trade surplus last year. interesting to follow the trends of the last few months of the year, activity in china going down, down. it's a reminder if china slows, we score a deal, or they're too weak to score a deal with us or buy the goods. >> fears that they could discipline all the more, even with ratcheting down of earnings expectation this is year over last year at this time. remember when they were growing at about 20, 25% clip. we'll be lucky, we're told, analysts saying if we grow five

to 7% clip. even some companies are disappointing on that front. warning on the top line front. in other words before you get to the money you earn on sales, revenues, sales, themselves are disappointing. citigroup was the latest to telegraph that. if it is having problems, you're beginning to connect the dots here as we are, whether this could lead to more selling. let's talk to delancey strategists, chief strategist i should i, jared levy. we also have brandywine global portfolio manager, jack mcintyre. jack, this slow down in china we've been looking at it like a dog with a bone, i'm not minimizeing prospects for a trade deal, if the world's once fastest-growing economy is no longer that, not able to get out of its own way, you have to worry what this portends with the economy and markets worldwide, don't you? >> you're absolutely right,

neil. figuring out china from investor standpoint is the most important thing to do. i would say, you know, china, we know, clearly china is slowing down. but they're taking some steps. they're doing stimulus. monetary fiscal stimulus. they need to do more. i think they will. that should actually provide a floor on how slow china is going to get. but that might not be today's story. you're absolutely right. getting china right because of huge influence on the global economy is more important than the government shutdown. neil: let's talk a little bit about that smut down -- shutdown, garrett. we'll go into leetys with judge napolitano. janet yellen was among federal reserve chief, retailers in uncertain environment sort of hold their punches. i'm simplifying what she is saying but is that true? >> i think what is happening with the shutdown exacerbates a

growing problem and slightly, or i should say moderately escalating risk we're seeing go into 2019, from a slowdown perspective to get sort of granular there, you have 2.5% of the american public not bringing in a paycheck right now. sure a lot of that cash flow may be localized but, you get into sort of that sentiment, morale talk, right? you're talking, by my estimates, it is close to 3, to $3.5 billion a week in terms of impact to the gdp. it does affect, neil t affects not just local communities but all things related to it. uber drivers. small restaurateurs, sba administration which contributes $25.5 billion a year. not a big number in the grand scheme of things. but all of this stuff collectively from a sentiment perspective, right now, especially with all the other things going on it does set us back so it has to be taken into consideration. neil: even in wall street's eyes, jack, big ipos sort of

stacked up like planes in laguardia, they can't launch unless they get clearances and paperwork done, that you do largely through the securities & exchange commission. not as if they won't come to market although a significant delay will make them reassess i guess but that is another factor, right? >> sure, you're absolutely right. there is a litany of factors. each one might not necessarily be that important but when you aggregate them all together, it is all important. even from my standpoint, being a portfolio manager, we don't have access to all the same data we would have a month ago. so we've got to take some things into consideration. it is making our job a little harder from an investor standpoint. neil: that is interesting. i read that before, jared, data is few and far between to come by right now. just guessing how this is economically impacting us is hard to do because we can't get the data. >> yeah. and the longer it goes, the way you can think about it, sort of

like a whip effect, right? a 20-day shutdown, we're missing data points. we can project out what happens, the longer you go the whip becomes more volatile with the tail end. a 45-day shut down, hope we don't get there, creates a lot more unknowns. just not a lot more missing data but ramifications stacked on to the missing data. from jack's perspective. investment manager, a corporate ceo, someone plotting and planning trying to figure out the future it becomes more murky and expo mention the more time. that is where the bigger problem lies. we're driven by data. without it triggers a lot of things. that is why you see the markets figure out direction here because they don't have that end data, that game as clear as it was a month ago. neil: gentlemen, thank you both very, very much. just a point of reference here, whatever is hurting or weighing on stocks is helping bonds in prospect after slowdown, that lifted the bond market a little

bit here, not a lot, but enough to keep the so-called january effect in place. in other words as the first trading days of january goes, so go the month. if you buy that market lore, it is right eight out of 10 times, the rest of the year goes up. yield on 10-year note down to 2.71%. price goes you will, yield goes down. right now that could mean cheaper mortgages as long as you don't have a fha-backed loan which is stymied by the government shutdown, you can't close on the deal. that is for a fraction of overall borrowers out there, although a bigger number than you think? the president is backing of at national emergency talk, so you think it might resolve itself anytime soon, this might disavow you of that. >> i am not calling a national emergency. i have the legal absolutely right to call it i'm not looking to do that. this is too simple. democrats say we want border

security, we have to build a wall, unless you can't have border security and we should get on with our lives. neil: good luck with getting on with our lives front. lindh think gram wanted to reopen the government for three weeks, hash out the differences. after that time, making no progress, he urged president toe go ahead do the emergency declaration route. that might be easier said than done, to our overall legal eagle and overall legal genius, judge andrew napolitano. first of all, judge, can he do that? >> before 1976 he could, but after 1976 the congress defined what a emergency is. i will condense the it and modified by the courts but basically means extraordinary event that poses immediate and obvious threat to, life, safety and property. that cannot be addressed by the employment of ordinary government assets. that's the problem that he has, that cannot be addressed by

ordinary government assets. now -- neil: it has to be clear and verifiable? >> right. so does the government have assets to address this. 15,000 troops at the border. he could send 25,000 troops there. might be improper use of defense department assets but would be addressing this problem without the emergency declaration. what is the emergency declaration do? does it let him seize property that the government doesn't own? no. does it let him spend money that the congress don't authorize? no. it lets him streamline the government. let as him avoid public bidding if he has to purchase something. it does let him put troops temporarily on private property but he can't take that property. why do i say take that property? congressman will hurd, conservative republican of texas, a former cia agent, through whose district, i don't

know where the president realizes this, the majority of where he wants to build it is private property. you can't condemn property or use eminent domain without authorization of congress. neil: what if the people say i will sell it to you? >> they can be absolutely sell . according to congressman hurd, not in my background. i don't know if many of them are his supporters. if you had any experience with eminent domain, the government lowballs you. you end up having a trial and take as couple of years. neil: what you said to where this is all going? >> i think the pain, your two guests so nicely described, will soon become so endemic throughout the economy the president will have to back down. he has begun to back down a little bit by his recognition of the fact that if he does declare

an emergency, and does say i'm going to spend money that the congress hasn't authorized, does say i will occupy private property without using eminent domain the courts will stop that before the ink is even dry on the emergency declaration. i think he has been given that advice by his lawyers. in my view, i'm your legal guy, not your political guy, in my view we need a great national debate on immigration. neil: which never get it. never get it. >> but immigration laws are a scotch tape and spit put together from various generations of members of congress. when attitudes were vastly different about immigration. we need to resolve all of this after a great national debate. i don't think it can be done with the democrats controlling the house and their perception that the president has a gun to their heads. neil: the president argued that they changed their minds repeatedly on this. nancy pelosi has voted for more wall construction even on barack obama but shutdown part is what is making it bad.

>> i think the president is historically correct in that but you know, my late friend justice scalia used to say, there is only one reason why members of congress vote for anything or against anything, to get reelected. they believe that opposing donald trump is the best thing they can do to satisfy their base. question, if barack obama were asking for this wall, would the democrats be opposing isn't i don't think so. neil: well they did vote for 130 miles of it when barack obama was president. >> yes, yes. so where does this go? i think the pain will be felt so broad and wide, that the president will find some face-saving way to take a couple steps back. neil: but that face-saving way opposed by a district court somewhere, he could say i gave it my best shot? >> if he signs that declaration and the courts stop it, particularly if it's a judge appointed not by him but by president obama, then he can rant and rave all he wants and open the government, but this thing will be in the courts two years before it is resolved.

no wall will be built in that time period. neil: but he could say -- >> i did my best. one of those unelected black robed judges that stopped me. neil: all the way to the supreme court? >> i think it would go to the supreme court, yes, where i don't know what the outcome would be. neil: interesting. judge, thank you. choked me up here with your comments. >> are you okay? neil: rattled me. i thought we could solve this. >> i hear gasparino in my ear? neil: just the thought he is is coming on soon. thank you, judge, very, very much. in the meantime the president has a lot on his plate including addressing this on going government shut down itself. there is the trade issue with china. he will be addressing farmers in new orleans right now. a lot of them are not too pleased with the effect the on going tariffs had on them. tried to help them out a little bit, that is, the white house to ease the blow but not enough. it might be a raucous event here. thereby and large, actually overwhelmingly support the president here. it could be interesting.

that is one way of saying it. as he sits down with them in new orleans, moments from now. deirdre bolton on what could come up. deirdre? reporter: hey, neil, there is a range of opinion but as you quite rightly stated most of the farmers even if they have been affected in a negative way by trump administration policies still respect the fact one farmer told me not only do with have a president who talks tough but we have who acts tough, in the context after conversation i had with him about the effect of the chinese trade tariffs against him as a soybean farmer. most people in this room, neil, farmers, ranchers, they're interested in two key top topics from the president. chinese trade negotiations, out they're going, that definitely affect the bottom line of their business and update on the farm bill. one. people i caught up with, russell bening, texas farm bureau president but a farmer and

rancher personally from south texas. here is what he told me most wants to hear from president trump. >> we supported and a half at that for years and years but we understood it may need to be tweaked. working on a new agreement with canada and mexico is great thing so i would thank him. i would thank him on calling out china on a lot of stuff, but i would say keep talking to them, keep serious negotiations going. reporter: neil, i spoke with one soybean farmer from illinois. he has about 5000-acres and as you know, soybeans have been really targeted. they are our largest agriexport. $19 billion is what we exported the last five years. he express ad similar sentiment. we're happy president trump is being tough on china, the more progress that can come, sooner the better. i spoke to a rancher, somebody that raises cattle. he is about 75 miles away from

the nearest gallon of milk. he also wants an update on the wall. one thing that big city residents don't understand, for ranchers and farmers walls are just a logical conclusion of where one property ends and another begins. neil? neil: that is one way of looking at it. deirdre, thank you very, very much. soon with president of the united states in new orleans. when he speaks we are there. meanwhile the debate over what is the future of democratic party? is it closer to joe lieberman who urges moderation or that woman on the right, congresswoman cortez who says those days are over, after this. great news, liberty mutual customizes- uh uh - i deliver the news around here. ♪ sources say liberty mutual customizes your car insurance, so you only pay for what you need. over to you, logo. ♪ liberty. liberty. liberty. liberty. ♪

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>> a 70% tax on high income people is really done for political reasons. it is punitive. neil: is she is the future of the party in your view? >> no, with all respect i certainly hope she is not the ture and i don't believe she is. >> you said you didn't think alexandria ocasio-cortez is future of democratic party and she came back and said, who dis? >> kind of a silly reaction. she got elected to congress. she is inside the 10 now, but i just disagree. she, takes us back to a

big-spending, big-taxing, democratic party. and the democratic party is not going to succeed that way. neil: so battle between moderates and liberals. when joe lieberman was here i raised prospect if bill clinton in this party environment could be nominated as he was in 1992 going on serving two terms in the white house? democrat rick strategist robin biro, new york city republican councilman whip, joe borelli. >> happy to be here. neil: what is the future of the democratic party? is it closer to the congresswoman or closer to the former senator? >> you know, i'm out with boots on the ground every day, still in the trenches, it is kind of hard to say. certainly always been the younger generation are much more far to the left and moderates tend to be middle-aged or older. so we tried to bridge that divide. we didn't do it successfully in 2016 with bernie sanders folks

and hillary clinton folks. we're trying now to at least listen to their voices and make sure they understand that they have a place in the party but it's a little bit difficult to read the tea leaves to see exactly what the direction is for the party to be perfectly honest, neil. neil: joe, i have to wonder too, whether republicans by and large, known in their good fiscal stewards and presiding over deficits running at a pace breaking barack obama. they're hardly one to judge excessive government spending. having said that they're also not keen on narrowing and correcting all of that with higher taxes. so where do they stand on this whole phenomenon? >> well look, as far as government spending under trump i think there is a case to be made that we should take up entitlement reform, welfare reform, that sort of thing. neil: he doesn't want to do it. >> it's a fair criticism. but when you look at this sort of ocasio-cortez versus lieberman spat, i think most republicans are very happy.

look at joe lieberman. he lost the democratic primary. won on moderate, third-party line. bounced around on issues. he was moderate when it came to picking presidential candidates. who is the modern joe lieberman? there isn't one. this would be met with a firing squared in the modern democratic party. neil: something to be said of that which is why when i talk to a lot of people i hear joe biden's name come up, he is considered anathema to the rabble-rouserring crowd, wants to see someone younger, far more left-driven. the question, congresswoman cortez out of whack with the party, whose chiefs in budget chair, hiking corporate taxes bringing them up from 21% to 28% so it is definitely in the water. >> it is in the water and i'm glad you brought up the ballooning deficit because it is a problem. economists make, say this makes sound economic policy i've been on your show to say personally

i'm opposed to a tax on the wealthy, people making $10 million or more but people like alexandria ocasio-cortez, she made it very clear that she is there, and they are in the room with her and she is claiming her power. i don't fault her for that. you know, she's owning the media right now. neil: you're absolutely right. you're absolutely right about that. joe, republicans don't do themselves any favor by so obsessing over here or you know, trying to go back to her college days and dancing videos. laugh all you want, say all you want, she is generating more passion for her views so far than anyone on the right for theirs. how do you advise your party to handle that type of populist fervor, same thing i would liken to bernie sanders in a younger candidate? >> look, i have some of my college videos on line for those interested to watch. neil: i'm so glad they didn't have this technology when i was

in college. >> you see the democrats suffer from trump derangement syndrome for two years and now they're being infected with the aoc flu. for better or worse, she is driving the party home with traditional far left dogmatic ideas. if republicans want to look at that as example, fine. but it should be a message to returning to fiscally conservative, socially conservative roots if you want to motivate a base. there are really exciting candidates there. dan crenshaw hit the scene pretty hard and someone a lot of young people in the republican party are eager to get behind. neil: each party has its attractive candidates and attractive base to minimize one over the other, i think at this stage is risky. gentlemen, thank you both. nothing risky what you said. very calming, cooling words. >> thank you. neil: we're looking at the dow down 56 points. we're going to be launching into the earnings season here. a lot of big banks will report. citigroup and the concern right now about revenues, more to the

point, and whether the momentum can continue. if you have banks in some arrears or problems, that has that sort of a trickle-down effect. that is weighing on things as a slowdown in china, despite the fact the country scored a record trade surplus with the united states, it has problems, very big problems. we've been warning about them. confirmation of everything we've been saying after this. complicated, you know? well sure, at first, but jj can help you with that. jj, will you break it down for this gentleman? hey, ian. you know, at td ameritrade, we can walk you through your options trades step by step until you're comfortable. i could be up for that. that's taking options trading from wall st. to main st. hey guys, wanna play some pool? eh, i'm not really a pool guy. what's the hesitation? it's just complicated. step-by-step options trading support from td ameritrade

neil: all right. citigroup kick being off a lot of bank earnings today, beating on earnings front in how much money they made, but the revenue, top line number was a bit disappointing. guidance from there a little worrying. charlie gasparino on that. this kicks off the parade. we know it will be slowest of the quarters versus the last four in a row we've seen. >> i believe jpmorgan is tuesday. neil: right. >> goldman is wednesday. here is what i would say, the bank banks, jpmorgan, citigroup, they're very diversified.

if they lose on trading, something like that, they make it up somewhere else. that is kind of where they go. jpmorgan and citigroup are just a cash machine because they hold deposits and they charge for that you know what i'm saying? they can use the money. they pay very little, you as a depositor get very little. they use the money to lend out and make a few bucks. that is constant cash machine. i would watch the company that comes out wednesday. i would watch goldman sachs. it is very interesting. they're in the middle of a very difficult scandal, the malaysian hedge fund scandal, or excuse me, sovereign wealth fund they were underwriting bonds for. there is issue -- neil: government wants billions from them there. >> they may have to pay 10 billion for that. neil: no way. >> that is the upper end, and there is a huge question over their business model, this trading, banking investment business model without the stuff that jpmorgan jpmorgan has, the bank, bank stuff whether they can make that work, looks likes

they're not. the stock is literally down more than 30% over the past year. this is the great goldman sachs we're pointing out. we should point out, david salomon will break tradition and be on earnings call. that is the first time i remember. neil: he never did that. >> no. he never did. most goldman ceo's don't do that. they leave it up to the cfo. this is coming because he needs to instill a little more confidence with investors about the stock and i think he will have a major, a major sales job to do. neil: goldman is iconic figure. think of all the goldman chairman -- >> henry paulson, bob ruben. neil: through so many presidents. >> they go on to work in government. neil: absolutely. >> at high levels. this is a big thing. i don't want to put too much emphasis on this because we're not at 2018 crisis where they're going out of business. neil: right. >> there is existential issue

about goldman sachs and what is going on right now. there are real investor doubts about the firm's future. neil: without. >> you see that in the stock. you know, the, december, listens sometimes these companies can pull a number out of their you -- out of their hat and make the numbers work like a private equity investment they didn't realize. so let's bring it in to smooth out the earnings. they do that sometimes. neil: a lot of things slated this year including more ipos and all the rest. >> watch the earnings on thursday. december was difficult trading month. flattening yield curve. higher -- neil: have they factored in things are slowing down appreciably. >> that is why the stock is down 30%. neil: five to 7% growth they're looking at, last year, first quarter growth was looking at a 25% clip. >> yeah. neil: we already telegraphed it was a lot slower but imagine you don't meet those lowered expectation. >> and you have a business model

issue. if you own financial stocks, a way to play this, i would say this, either goldman sachs will surprise and this is a bottom because all the analysts are very negative on it or it will underscore what those analysts are worried about, that is a business model problem and scandal which is not good. which should point out goldman sachs has done nothing writing bonds. the real issue underwriting bonds, did they disclose issues involving the malaysian fund, and spending and why didn't they disclose that to investors? neil: quickly, the shutdown, the president dismissing an idea lindsey graham had, reopen the government three weeks. maybe then if you're not getting anywhere, declare your emergency declaration, what do you think? >> i, i was speaking to white house officials on friday. we reported this twice. i mean they really believe he will hit the button on the emergency and here's why. for the simple reason this week the numbers, slowdown starts impacting economic growth numbers. you just don't want those headlines.

neil: politically it's a great out for him. i'm not inviting it but it would at least relief him of you know, i tried. go back to the base. >> advisors, particularly on the economic front want him to do that because they're worried about the numbers. i heard, i'm not in the white house, the rumor mill it was jared kushner, son-in-law, his advisors who is advising him right now not to do the emergency declaration. neil: interesting. i believe everything you say. >> i do too. neil: okay. >> i say it with a straight face. neil: you do, you do. thank you very, very much, charlie gasparino. we're following all of that. following voting on theresa may's "brexit" plan. what a mess this has. why we have ashley webster in london reporting on it. hey, ashley. >> groundhog day, neil. brexit paralysis as one person put it. theresa may on the road, speaking at a factory this morning in the midlands, back in the house of commons this afternoon, telling british

lawmakers do not let the bringsish people down. you have to approve the deal because the alternative is no deal "brexit" or no "brexit" at all. opponents say that is scaremongering, no doubt as we count the votes, those announced their votes, looks like she could sufficient air very humiliating defeat tomorrow as she was going to do last month when she delayed the vote. nevertheless she is plowing ahead and told the lawmakers in house of commons you must give the deal a second look. >> members all sides of this house, whatever you may previously concluded over this next 24 hours, give this deal a second look. no, it is not perfect, yes it's a compromise but when the history books are written, people will look at the decision -- [shouting] people will look, people will look at the decision of this house tomorrow and ask, did we

deliver on the country's vote to leave the european union? ashley: well the history books will probably show, neil, it has been a shambles up to now and shows no signs of doing anything else. if the vote is turning down her deal tomorrow, she will have three working days to come up with a plan b many. assuming there is a plan b. that the opposition labour party will call for vote of no confidence. there may be some efforts to sideline the government and take over the "brexit" negotiations and perhaps try to extend the deadline which is coming up in 74 days on march 29th. so much can happen. i have my magic 8 ball and make my predictions coming hours, neil. neil: you will need that. at least the reprieve in the confidence vote so they can't challenge her for another year? ashley: yes, but that really was

not exactly a ringing endorsement. over 100 members of her own party voted against her this vote of confidence could be called tomorrow, at least next couple days would be from the opposition party. if she loses that, someone has to form a government in couple weeks. we could be headed to a general election. so the mess goes on and on and on. neil: ashley, thank you very, very, very much. meantime the president is expected to land in new orleans shortly for the farm bureau convention. a lot of these folks in that audience have been directly impacted by tariffs and the like that affected soybeans, wheat, barley, you name it. the united states government has done its part to try to compensate for some, clearly not all of their losses. still by and large this crowd loves him and supports what he is doing. he has to keep the base happy. he will try in just a few minutes. stay with us.

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neil: president's plane running a little bit late. he left the white house late when he took questions from reporters. i could be wrong about that. nevertheless he will address a farmer es group in new orleans. the big issue is when will the trade war end because it is hurting us, mr. president. united states proposed government programs, special allowance, grants, credits for those directly impacted by china hiking tariffs on a lot of their goods, including soybeans, wheat, barley, particularly soybeans. right now, the overall effects has improved as prices risen on prospects we get a deal. regardless all this comes at a time when chinese themselves are reported ever increasingly worrying numbers. a slowdown we've been telling you about is pronounced and is real. stand ford business school lecturer, david dotson. professor, good having you. is it your sense we get a deal

that helps farmers or is it too late to help farmers because china could be in a world of hurt? >> the problem we'll end up with a trade deal and end up with a trade deal soon. we have a political imperative from the trump administration we get a win so that will happen but when it happens, it will be like having a house crumbling from the inside and i will fix it with a can of paint. both side will claim political victory when the trade deal gets done but what will happen we have not addressed the fundamental problem is that china has stuff we want to buy, namely computers, smart phones and what are we selling china? we're selling to china soybeans. that is our problem. they have things that we want to buy and we don't have things that they want to buy from us. neil: but haven't they committed themselves, professor, i know word is everything, making good on it is another, to buy more of our cars, to buy more of our manufacturing items or is that just an empty promise? >> well look, we buy

$150 billion worth of just computers and smartphones from china. they buy $17 billion of planes and $12 billion of cars. so if we quintupled the number of airplanes and cars we sold to them, it wouldn't make a dent in our trade deficit is. the problem with the trade deficit, while other countries paid attention to their long-term economic prospects, we neglected our long-term economic prospects for the last 20 years and that is the fundamental problem. so we're selling them soybeans, think about that, neil, we're the agrarian society here, we're selling them soybeans and wheat and they're selling them computer products. neil: i never looked at it that way. i will copy everything you said, professor, and take them as my own comments. when you step back from this, we both need each other, that is fairly clear. >> yeah. neil: i almost get the sense we need the chinese more than they are missing us, or am i misinterpreting that? >> no, i think you're right on. this is trade war we're losing.

that is what we need to make sure we're attentive to. we slap tariffs on china, they will come to their knees, they beg us for a trade agreement. what they did, put trade tariffs on us and when you have a trade deficit they can hurt you more than you hurt them. that is what they did. the evidence is clear, last six months, the trade deficit widened t hasn't gotten better. look at hand we're holding right now. we're in a government shutdown. we have the mueller investigation coming on. michael cohen will be testifying in a few weeks f you're china, aren't you thinking that the trump administration really want as win right now? and so, we're, i'm afraid we're going to rush into a trade agreement that doesn't really act quad lit protect our technology, doesn't really protect our currency trade, because the trump administration desperately want the an agreement. indeed, if we get an agreement, it will stablize the markets but

it will stablize the markets not because we fix the underlying trade deficit with china, it will stablize the markets because we ended the chaos. meanwhile we'll have an agreement no one has read, our senators won't read it. the president may not read it. we'll all going to claim victory for someone no one is even going to read. neil: let me ask you, as the president landed in new orleans, professor, he will address farmers hurt by the shut down and everything else, you think part of the chinese thinking wait him out, we don't see this guy getting reelected anyway. >> i have no way to know what is going on inside of the head of chinese negotiators but i look at it, looking down upon the parties i think china can be patient and china doesn't have the political pressure that the trump administration has right now. and that's what i worry about. i worry about the desire to get a win is going to force us into making some concessions we shouldn't be making right now. neil: that's very interesting. thank you very, very much. thank you for talking to you,

david dodson. stanford business school lecturer. more what the president will say to ease people of concerns that this shutdown is dragging own, that this trade impasse is dragging on, that a lot of things aring doctoring on, but he is on top of it all. it will all work out, after this and last year, i earned $36,000 in cash back. which i used to offer health insurance to my employees. what's in your wallet? the doctor just for a shot. with neulasta onpro patients get their day back... to be with family, or just to sleep in.

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>> i'm susan li on floor of new york stock exchange. welcome back to "coast to coast." we're coming off session lows. the chinese trade debt is taken as positive and negative today. on the negative side, technology leading the way down. this is because it is hurting companies that get a lot of their revenue from china, namely names like apple. on the flip side, on the positive, we have a weaker chinese connie which might mean china might be closing to sign a u.s. china trade deal. we'll talk about market leadership and weren't focusing in utilities led the way up with market turbulence falling today because pg&e is filing for bankruptcy or intends at the end of this month. that is dragging the rest of utilities along with it today. what about the banks, financials in focus. after the stabilization of the 10-year yield, 2.70 on the 10-year note. also citigroup came out with pretty good result.

yes they missed on revenue. came ahead in profit, but on the conference call we heard from the cfo from citi, looked like trading revenue and trading activity stablized from december heading into 2019. that is something to watch given banks have been on their own, very cheap some say, neil, at 10 times earnings. neil: thank you very much, susan li at the new york stock exchange. just updating you on the whereaboutses of the president. he just landed in new orleans. he is running a little behind. he is addressing the farmers group. some say the trade tensions are having trade impact. and that will clear all the hurdles after this a all resolved. jeff flock is at the auto show and bigging up very interesting interviews. jeff. reporter: this is interesting, neil, this applies to two countries between the u.s. and trade and various countries. just in the mid of unveiling the subaru here. this is a new sports car people have been clamoring for a long

time. it is made in japan though. the trade deal is not negotiating with the japan either. talked to jim hackett the ceo of ford, who told us exclusively the tariffs and props in china are definitely having impact on his business. they make lincolns here, sell them over. there there is tariff on that. and he said nafta will work, new nafta will work ones it gets ratified. >> new nafta structured in a wayport port works for you? >> i believe it works for us. there is give-and-take in that. i'm hopeful the same tone and tenor is now with asian. reporter: we talk about asia, we talk about the u.s. trade with japan. talked exclusively the to jim lentz, the ceo of toyota. jim lentz is the longest serving ceo in the world in the auto

industry. he told us what his biggest fear is. >> the fear is tariffs. we have to get through this. get the usmca ratified in congress, hopefully by the end of this year. then japan and the u.s. have to have their conversation. reporter: keep in mind, neil, nafta, usmca as jim called it, that hasn't been fully ratified either so we don't know exactly how that will go. i talked to the new ceo of fca, the guy who replaced sergio marchionne, mike manly, about the new ram trucks they unveiled today. they are currently made or going to be made in mexico but he is sensitive to what is going on with the president as well because he has apparently, revealed to us, a new idea about where to make them. listen to what he said. make these trucks in mexico or maybe in warren? >> no, these, the plan is to

bring the truck back. i think there may abettor plan that will create more jobs here in the u.s. reporter: we'll stay tuned. always good to stay tuned, neil a moving target here. international trade agreements, no one is more affected by them i think than the folks in the auto industry. neil: awesome job, my friend. they come to you, because they know you will not praise them or condemn them, but you will listen to them. jeff flock getting a who's-who at the auto show. speaking of who's-who, president of the united states will address the farmers in new orleans. they're concerned about the impasse and when it drags on and if we ever, ever going to do business with china again after this. bring financial stress to work. if you're stressed out financially at home, you're going to be too worried to be able to do a good job.

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neil: all right, i believe the president has arrived. they are getting ready in new orleans. a lot of them directly impact did i shut down right now that has affected them but more to the point the trade situation, the back-and-forth with china. the likes of tariffs that have come down a little bit of their realm border. but they want it resolved in soon in the separated issued to shut down. the question is how long of a wild. republican congressman mike kelly with a spirit congressman mike kelly with a spirit of very

good to have you appeared have you. >> thank you a manual. good to have you peered the president rejecting an idea by lindsey graham, joe sorbo called things off for a three week cooling off here and by then if things are not making progress, do the emergency declaration. what do you think? >> if you're the president's position and looking across the table and don't want to negotiate at any level, what would taking three weeks off due peered more than anything else it would embolden people where we always say we'll get to it later on and we never get to it. it's a good time to draw your lines where you are right now. let's get to a final decision. train to both sides are always stronger than a state. the same democrats dismissing the wall about 130 miles are such under barack obama.

and they are promoting and trained as an outsider democrats have been very flexible on comprehensive immigration reform in the past. i wonder if cooler heads will prevail or is that just out the window. >> will or has it been nice to see right now, but everything in this town is political. if you were to look at the history of this whole issue, there's an overwhelming support for this on both sides of the aisle. it has never become an impasse until all of a sudden it's the president's signature piece. sure into the wall is hardly radiantly endorsed by most americans who don't see the need or the urgency for it. they might be around to your point. but is that what hurts him and his attribute declaration together. >> when it comes to declaration, i was the pro-life on saturday

morning. not counting the children out to breakfast all the talk about the basic congressmen, stand tough. stand strong. so the president to stand his ground. we are tired of waiting for something to happen on the border to protect american citizens. neil: that's naturally understand that here but it's not typical. >> it's not difficult with a pole. these polls are very select david and depending what the question is how people answer. >> in retrospect do you think it's worth shutting the government down? what is to stop the future, let's say democratic resident doing the same for climate change measure. >> well, now we are comparing apples and oranges here. if you look to the past, and my question is now, is the real

problem that this is donald trump's policy or real problem we think this is in a morale to get our borders not to have the sovereign state and be a little protect their own borders to me is so common sense that there is nothing less common in washington d.c. than common sense. neil: thank you area much. we'll see how this goes. mr. shell, price waterhouse coopers partner mike murphy, price waterhouse coopers geniuses. let me get your sense we were discussing over the weekend the sense that people are stuck in their positions and they're not changing those positions, which means someone is going to have to to have to blink or cares. who? >> i assume the president in the top position. both sides are digging in and both of them say it's your shut down and put it on everyone else. or really, ultimately it is the american people, taxpayers getting hurt by this. i think there will be some sort of the give-and-take somewhere.

the presidents known as the great negotiator. neil: he is? >> i do. he's been successful throughout his career. he's had some missteps along the way, but he is in a position a lot of us wish we were in financially. neil: match, let me get your take. but davis tracks on a while. but the shut down part tracks on a while. there is a school of thought out the longer it drags on the boat -- right now it leads towards hurting republicans and presidents more, but we know that could change. when you think? >> 800,000 plus workers not getting paid in some way shape or form and there's also the agencies of the government that are in approving drugs or approving -- there's no ipos. or anything regulatory from the fcc. think about businesses. businesses need certainty to make decisions. we are starting the word.

the american people are feeling it in business will feel it will feel at ms has to come to a resolution soon. neil: all right, good luck with that resolution. the other issue with china in the last year, the deficit with china hit an all-time high of 17% and oddly enough it was accelerating in the final month with all of this back and forth. so china could look at that and weigh us out. >> they could hear that there is economic data out of china this morning and i don't think they want to be waiting not much longer. chinese economy is slowing down dramatically. they are getting hurt more at this point in time from the tariffs than we are. i think they want to come to the table. i don't think the president is lying when he says there's a lot of progress being made here there's going to be a deal. the optics of it are getting

closer to a deal then we were and the numbers coming out of china with lead you to believe that they want to come in to make a deal. neil: imagine a china slowing to the extent they can't make good on whatever they promise of the trade deal. >> what's interesting about it is china is admitting there is slowing down. they've historically inflated their economic numbers. neil: growing at a 15% class -- >> exactly appeared at their admitting their slowing down. the country is getting older. they can afford their entitlements they have. they have a very ambitious one road strategy around the world world -- they may not be able to afford -- [inaudible] loaded up on the orders before the holiday season. they loaded up on orders for spring wardrobes it's going to be in stores. a lot of the trade deficit was

fueled by uncertainty about the future of trade and also the fact that those goods were a lot cheaper now. neil: do you guys worry about the wall street impact? there's some public offerings in their backing up as i was saying like la guardia a lot of offering there. a lot of fha backed mortgages have delayed. i think it was moody's that had the expectation that this would place a couple tenths of a percent of gdp. like hurricanes is always made up for the following quarter of those times what do you think? >> yes. we are better off if we didn't have this government shutdown. take that off the table. as far as ipo goes, they are going to come directly to the market, bypass a lot of the normal listings so that they will come to the market. so i think we will get past it. i don't think it's going to be -- i mean -- neil: they are not denied although they could be if the environment changes.

does that give you concern? >> a dozen appeared on the other side of that is when uber and slack, a lot of times you'll see money managers a lot of current tech positions and move into the new may be higher growth positions. sometimes if there is a lot of new offerings coming to the market that causes selling of the current market. we are going to get the give-and-take of the markets. we say not, but overall we will focus on earnings and earnings will be good. neil: were getting the first mattering sometime in the warnings that i noticed mitch on chips acquired to apple dialogue at the lower end of the range. they can't seem to get out of its own way. how does technology look to you this year? >> i think to look strong. however, the big buyers of technology among the consumers is business. as businesses worried about profits, they start cutting costs and they're not going to replace pcs. they're not going to upgrade

other technological infrastructure. so the thing that concerns me over the long term is whether or not business continues to make technology investments. if they're worried about profits they cut costs and that could be an issue. >> the uncertainty that janet yellen hunt expressed a former fed chief. do you buy that? i think she was focusing -- >> there is still optimistic about the long-term future. i think it's just the short-term that they're worried about and unfortunately they have to manage earnings quarter to quarter. we have to be careful we don't talk ourselves into a recession. how bad things are and how much the slowdown is coming so therefore everybody pulling their spending now and wind up with a recession if we want one. >> you see when either a few this? >> not at all. if were talking about the cup down i don't know how that would impact gdp. there's nothing out there that tells you there is a recession

coming. >> look at the jobs number is two weeks ago. charlie tells the story. the economic data there's probably 10 good data points for two bad ones. we still have more tail went than we have had wins. neil: even though house and house budget chief. not the congresswoman cortez, but the direction of the sound of the houses higher taxes. it's not going to go anywhere. >> there's no way the senate is going to pass it. the gridlock is what everybody was banking on. the tug-of-war going on over the wall i don't think anyone is banking on it. we heard from jamie dimon about a week ago that the business tax cut is more impactful to his business in his industry in the market in general than the individual tax rate would be. i think we have to focus on that. we heard from citigroup this morning. they will help a business. >> i wanted thank you both very,

very much. they are not going into stocks. where are they going? nominally into the tenure, which is the second price and that is said to be one of the advantages of the gyrating marketeer that the people hearing all this stuff are putting their money and compared it safe yet the bond and i sort of thing. the question is how long that were to go on. right now it's continuing for a second trading day. stay with us. you're watching fox business. i am a family man.

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>> is there some lesson in there for this president? >> i think the lesson for president travis is he does have a state of the unit coming out. it'll go forward with national emergency, you better make sure the joint session of congress speech uses facts that are clear, makes the point that can be made and that is persuasive. neil: doris kearns goodwin live on fox news. we were talking about this historical anomaly where we have the government shutdowns while this generation might be getting kind of used to do things they only pick up speed in the 1990s. certainly the degree, frequency and even in the case of the

19951, the severity has been a more recent phenomenon. positive example a mention if we had something like that with abraham lincoln coming to power. forget about the states leaving the union. birth on the border we were talking about the southern border. talking about shutting down the entire government in the middle of that. probably not wise to "wall street journal" associate editor john bessey on all of this. try to avoid this kind of stuff. republican or democrat. but we keep doing it. would you think? >> we do. we have a history of this. this is a bar one. longest on record. this is also something the president right now is trying to shift the responsibility were clearly to the democrats. so you see that a lot in his language is likely to speak it again at the forum convention in a few minutes. the polls all show, the majority of them do that the public sees this as the presidents

responsibility left the democrats, more the president. and you've had two bills, one from senate republicans over the last several weeks. one from house democrats that would open the government. that would address the wall in a separate measure. address funding for dhs has a separate measure in the presidents not willing to pursue those hills. longest in history, something he's going to talk about again today and something perhaps he's going to be talking about hopefully not in the state of the union and we hope it is resolved by then. >> with it's not in this drags on for quite a while. his art he ignored the advice, you know, a couple of republican colleagues. lindsey graham among them. see if we make any progress and then declare your emergency. other senators like marco rubio say be careful what you wish for declaring an emergency. democratic president for climate

change in this back-and-forth would continue at nausea. >> yeah, or yeah, orrico sent to the courts right away in the president can blame the court as to what's going on in the white house. it's not good for the economy. it's about 1 billion to $2 billion to loss product duty, lost outlook every week according to justice marchand was a piece on this right now. that's not a lot in the $20 trillion economy, but it adds up and set the mood when you have 380,000 furloughed federal employees. when you have farmers not getting data that they need from the agriculture department. neil: the pendulum has changed here cannot stand republicans are not getting blamed for this. they are. but the gap has narrowed a bit. the sentiment seems to show the number of americans blaming republicans has drifted down a little bit through the course of

this. it is still heavily in favor of republicans getting fingered for this. i argue regardless of who's getting the blame, everybody's heard. >> i think everybody has heard. the gap narrowing your describing is a pretty big gap. but the president has made a calculation. he made this promise on the campaign trail. he wants to follow through with it. the 2020 election is literally around the quarter and the political world of washington. he doesn't want to go into that having a defeat on the wall and so he's sticking to his guns. >> he could go back to his base and say all right, you and i know the way these things are challenged. maybe the first district court to take it up, that the president could always go back and say well, i tried. >> yes, he could. that might encourage his base. that might satisfy his base, but his base is a minority of the electoral, the people who are

voting in 2020. he's got to be thinking about getting independents. he's got to be thinking about getting moderates. people in the middle of the political spectrum that we saw in the midterm elections went heavily democratic. the seats in orange county being a perfect example of that. you cannot just speak to his base. the people he's speaking to today, the farmers, are a lot of them his base in a lot of trumps states. neil: they are not quite, you know overly aggressive base. >> that's right. and why does that? the trade negotiations have hurt them. it's her farm prices and exports to china. they were supposed to get subsidies to accommodate that aren't forthcoming because of the shutdown. get out of the agriculture department that they made for spring planting process. that is now not forthcoming out of the department of agriculture.

he's got to be concerned about elements of his base becoming less happy with the pursue of this particular political agenda and the larger part of the sword of electoral base out there perhaps turning even more skeptical, even more civil. neil: if you think about it, it was trying to appease that case or address them, prompt them to change to keep the government open while he sorted this out. they created this. >> you better think in congress also there are a lot of members of congress who would like to side with the president and would like to support them on a range of policies that they agree with. they are perhaps in districts that are going to be touch and go in reelection and are they going to side with the president as vehemently as he would like them to on this particular issue which is proving divisive and for which he does not have the

majority support of the nation. neil: john, always a pleasure. "wall street journal" associate editor. john pointed out it does include farmers. the president had to address them in a matter of minutes. we are told he appreciates their sticking with him through this back-and-forth on trade related issues. now we have the government shutdown complicating a little bit. but he is saying they will be richly rewarded for this and they'll be happy to the chinese on to the degree he did. minutes away from the president of the united states. stay with us. beyond. beyond. beyond chasing down network problems. to knowing when and where there's an issue. beyond network complexity. to a zero-touch, one-box world. optimizing performance and budget. beyond having questions. to getting answers. "activecore, how's my network?" "all sites are green." all of which helps you do more than your customers thought possible.

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question. we know where we stand for leaving the european union and this government will deliver it. neil: i love parliament the way they do things right to their faces. back-and-forth, back-and-forth. as make your colleague just said. all of this fuss is over brexit. it's been more than two years since they voted to get away from the european union and start on their own and here we be. a crucial vote will keep distracting on a while. john brown. always good to see you. i understand why you eventually settled in west palm beach. enough of those yeah tricks. when you make of what is happening now and where this is all going? >> well, the globalist elite is fighting back and under prime minister may, who has misled, arrived and lied repeatedly, first of all to betray the

british people over brexit and creating chaos is not taking place. the people voted either vote of 52 to 48. another is a margin of 4%. the largest democratic exercise in british history to lead the european union in may has pretended to observe that referendum and will of the people, but it's done everything to undermine it and to mislead everybody into thinking she's still going for brexit winfast the plan we now called brack stayed in name only. after 30 months of wasted time when she should have been negotiating, she's in a position worse than when she started. neil: i know her past which he was originally breaking away

from the european union. i'd been led the effort to go ahead and honorable the will of the people. this is a separate strategy here whatever the soccer equivalent has been let it go to another before the british people. that is what the globalist, whatever you want to call them. is that true? >> absolutely. you hit it right on the nail, right on the head. she is delaying. although if you notice in the last few debates she is refused definitely been moving towards extending. she'll lose the vote tomorrow. she'll win the confidence vote if labor brings one and then she's moving towards extending article l in june or july. delay, delay and allow more to develop, more uncertainty and market and then she's going to say in order to get out of this chaos will have to have a second

referendum. the people are confused. the world is confused. so let's have a real deciding vote just along the lines at the european union always does when people vote against their will, they keep giving them in less remotes anaphora millions if not billions of money and now protecting and scaring people until they vote the right way. >> you can make the most compelling evidence breaking away is that the european union is else is hurting. we talk about germany going into a slowdown. we talk about portugal not doing much better. who would want to be part of a club that has problems like that? >> that is absolutely true. but there's much more serious reasons. the first is our system of legislation. we have an earnest to prove that you're innocent until they prove you guilty. guilty as charged until you

prove you're innocent. totally foreign british. we have nonpolitical judges. you can't just brought in a jail. you have to come to prove you're still alive. you can rot in a european jail to death. that is the most important. the second is france and germany brand the european union and they do all the european trade deals for the benefit of the french and german economies. britain is not considered really. free to trade under world trade organization rules we would be free to trade with every nation that suits britain. in other words of the united states, canada, japan, china and all of these countries, some of which the european union doesn't arbitrate dearly for now. far better off economically. in the meantime there would be uncertainty in markets don't like uncertainty. nobody does.

there's a certain amount of distortion because may has wasted the 30 month she should have been negotiating all of this elaborately to delay everything, throw everything into the long grass and nobody knows what's happening. in other words, the second referendum. neil: john brown, thank you. very good seeing you again. in the meantime, the president of the united states is going to be addressing farmers when it comes to the podium will be going to new orleans. stay with us. step up to the stage here. feeling good about that? let's see- most of you say lower a1c. but only a few of you are thinking about your heart. fact is, even though it helps to manage a1c, type 2 diabetes still increases your risk of a fatal heart attack or stroke. jardiance is the first type 2 diabetes pill with a lifesaving cardiovascular benefit

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right waiting here for the president of the united states to new orleans addressing farmers. tapping on their mind is the status of the ongoing chinese talk. coming the end end of this month, and a continuation of efforts made with the u.s. delegation was leaving beijing

at this time. the president is optimistic in the news would be welcome to farmers who feel back-and-forth with the chinese penalize them and their profit is going to end soon. the president addressed them in a matter of minutes. in the meantime focusing on one including for the retail industry and the tech innovations going on there. more substantial than you know. kristina partsinevelos is not that event right now. >> thank you peered over the holiday season we saw shoppers come out in box and a great transition towards online sales. when we talk about online sales of course forgot to bring bring in robots into the equation. we had joy was going to join me right now. tommy about the trends right now. focusing on the retail or as a whole, what are you seeing in terms of the fulfillment centers want out of these robots. >> people are moving online to buy their goods. we spend $40 billion the year as

we stay home and make those orders online they have to fill cards for them so requires more folks to do that work and there's not enough people in the labor pool to do that. >> which is the topic of conversation. they are able to pick up goods whatever you want. but is the next level for this type of equipment? >> having a lot more flexibility in servicing customers. not only for major distribution centers, but directly from stores. also an emergence of stores that customers don't go into. dark stores where there is more automation and they come to the curb to pick up their goods. already in the marketplace today. something like this. this is obviously very impressive. you have many clients.

how much does a machine like this go for? >> it depends on the configuration, but it works permits cost perspective. >> can you take the data and see what people are buying and are you using the data to possibly just sell to other retailers in the future? >> it's not over focused on today. especially where retailers can feel their jobs and it's about offering us to their consumers. >> thank you very much. i'm going to throw back to you in the studio. >> thank you very much. we take a quick break before the president remarks in new orleans. a lot of this going into the earnings season in what is already insisted it the one of the slower earnings season are the weakest that we've seen after four robust quarters in a row where we started last year's team earned an a 25%.

and now all of a sudden expectations anywhere from 5% to 7%. growing concern that even ratcheted down numbers will not be met in the banking industry. citigroup the first with not so much on its bottom-line figures. the money that comes in before you crunch it down with the money you make on the sales. i'm talking about sales themselves. that topline growth came in a little disappointing as did concern about going forward to citigroup and a whole host of other investment bankers. we are on all of that after this. place, the xfinity xfi gateway.

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neil: all right, he's on stage now. he's going to talk soon. david asman come a host of and bears. >> yeah come i think so in order to and the shot down. i believe he is, but the democrats are under a lot of pressure as well. >> for both sides to do what they want. neil: the president of the united states. >> -- he is setting records for farmers and agriculture. we've had so many good weeks and

good days. were doing trade deals and is going to get you so much business you're not ever going to believe it. what do we do? we need more acreage immediately. but i will say we are doing some things with trade that have a tremendous impact. you're going to do business with canada, places where it was very difficult to do business. it was very unfair and a lot of great things are going to happen. i want to really thank everybody here and i want to congratulate a very, very good and exciting football team i watched yesterday. the new orleans saints. i can see this little group over here. the rest of the room is like i do want to talk about that. you have to say drew brees is a quarterback in this was a tremendous game. congratulations to the folks in this area and from this great

state. i am thrilled to be here in a state that i've had a lot of luck with and i love a lot of people in this state. a truly historic occasion. this is the 100th annual convention of the american farm bureau federation. 100 exactly. if it was 99, i have to be honest. i like the farmers. what can i do. i like farmers. [cheers and applause] thank you, thank you. thank you very much. for 100 years this organization has faithfully represented the men and women who are the back bone of our country truly. let us all show our appreciation for a very dear friend and a leader, a great leader, zippy duvall. where is it you? what a job he does.

he only called about 100 times to make sure i'm coming. [laughter] thank you, zippy. great job. on the special anniversary we gather to celebrate america's proud farming heritage. through your slide, through all of your work, and the strength of your hands in the faith in your hearts, the american farmer seed synfuels and sustains our nation. so true. we are joined today by louisiana governor john bell edwards. thank you for being here. [applause] along with many members of congress who are true champions of american agriculture and incredibly talented man. a great doctor. he knows more about health care than anybody and he is somebody that he's really helped us out

in so many different ways and means yours. senator bill cassidy. bill, thank you. appreciate it. a woman who had a tremendous victory. she came in for a short period of time. she was appointed and it's always hard when you're pointed. you take a look, they don't do too well. you did very well. you won in the credible day. mississippi. sydney had met. thank you. that was a great win. a brilliant guy. he's very deceiving. my wife says i love watching him on television. and i said who. john kennedy. i said i don't know, but you know, i thought maybe she was talking about the other john kennedy. this is a man who was totally brilliant. oxford. went to oxford. i'm very much into the world of

schools. you have to be very, very smart. he also loves this. he loves the people. we gave a rally the night before he won that was incredible. i looked at that crowd. 40,000 people or more at an airport hangar. i said you're going to win and he won big. john kennedy. thank you, john. oxford, oxford john. great. [applause] congressman ralph abraham. congressman, great job you do. he does a great job. you know, gary. thank you, garrett. young, strong, smart. a lot of good politicians down here. the legend from louisiana. a man whose god a lot of kurds. he was playing second base and

it didn't work out so well for him that day. i have never seen anybody with more strength and really more courage than steve scalise. steve scalise. [applause] he got hit hard. he never even thought about quitting. i was there the night in his hospital and they didn't think he was going to make it. i looked at him. he wasn't looking too good. the first time in telling him this. you weren't looking too sharp. and his wife loves him because she was a mess. she had tears pouring down. a couple little facts greater family loves you. but all of a sudden he started making progress, work so hard. in a few months ago he was at a baseball game and it was the republicans against the democrats. he's playing second great -- second base. and he didn't have great mobility. a foot to the right, for to the

left. that was about it. he gets the first pitch of the game. this is in a stadium and it's on television and they put them on second base for one play. the first had his face smashed ground ball. i look and say that's going right to second base. it went right out of him. he bent down, and stop the ball, threw to first. the place went crazy and he then walked off. who could've done not but my steve, right? i was incredible. he's a courageous guy, and also a really fine person. steve scalise, which you then there was incredible. as you all know, there is currently a tremendous humanitarian and security crisis at our southern border. tremendous. it's been there for years. it's been there for decades.

but because of what we're doing and how well our country is doing. lease it down. please. and in the media, the fake news will say he got a standing ovation. you know why? because everybody stayed tanning. they'll do it. they'll figure something out. [cheers and applause] that's true. they can figure it out. they can take the best thing. i go home and say darling, i did such a great job. wait until you see the news tomorrow. north korea, china. this come about. they can make anything you do look bad. but i was watching a nice idea now, they said it's probably better for me because every once in a while they'll stand. they'll say the crowd didn't appreciate him.

they didn't give him one standing ovation. anyway, thank you very much. women and children are being ruthlessly -- ruthlessly exploited by vicious coyotes. you would think of this. human traffickers. when you hear the words human traffickers you think about a thousand years ago, and you would think is worse today in the world. the worst it's ever been. the reason is worse is because of the internet. they target young women. they target young children. and they come in through our southern border into our country and they'll have women, their mouths taped with the duct tape, with electrical tape. they keep their hair, hands behind their back. and they go. they don't come in through your port of entry because you couldn't do that.

they come in for a border where we don't have any or yours or walls and they drive right in and they have no problems. then look at that stuff. were going to have a wall. we're going to have something very strong. one of the most important things. they kept saying he didn't know that wall. i better put a picture on it. we renovated a lot of pretty good stuff that we made good again in very bad shape. you can't have openings because if you have been opening day go here and they certify in the open spot, they come in and we have to build what we have to build. probably a total of 550 miles including the renovations and we've done a lot of work. people not talk about it. i'm not talk about it because

the big day as we have to get it done. we've had great support from john, from everybody. steve is working hard in the house. congressmen are working really hard because it's common sense. last month alone, 20,000 migrant children were brought across our borders. 20,000. one in three women are sexually assaulted on the journey from honduras or guatemala or el salvador. think of that. hard to believe. vast quantities of lethal narcotics are smuggled across the border. most of the drugs coming into our country come in through the server then border and much of it to areas that are not your portals. including mass and and -- heroin

alone kills 300 americans a week in 90% of it at least crosses our southern border. comes into our southern border. i spent a lot of time with secret service and border patrol and i.c.e., credible people. they taught me the methods they use. they put in hubcaps, engines. their brilliant in many ways. you wouldn't even think of what they do. and we can stop them, but we can't stop it if were going to play politics. the numbers you're talking about are peanuts. you make the money back numerous times a year. in 2017, drugs killed over 70,000 of our fellow citizens.

think of that. that's like a football stadium loaded in excess of $700 billion. in the last two years, i.c.e. officers arrested 266,000 illegal aliens. think of that. with criminal records, including 100,000 assaults, 30,000 sex crimes, and 4,000 violent murders or killings. the crisis of illegal immigration impacts all americans threatening public safety, overwhelming public resources, straining our local schools and hospitals, undermining u.s. workers and claiming countless innocent lives. and i will tell you, i want people to come into our country, but they have to come in legally. they have to come in through a

process. [applause] thank you. as president the defense of our nation is my highest and most important duty and this is the defense of our nation just like we prepare for other nations that you think more traditionally is what that sentence refers to. when it comes to keeping the american people safe i will never, ever, back down. i didn't need this fight. this is a real fight. we're dealing against people who think that if they can stop me from building the wall, again, we've already done a lot of work, but they think that is a good thing for 2020 because they're not going to win. at the think if they can stop me from building the wall, that is good. this is the reason why they don't want the wall built, because they all know it works. they all approved it numerous times. chuck schumer had his hand up

every time this would come up. the senators know this. they're only doing this because of the 2020 election. because i said i will build the wall, i will build the wall. it is one of many things i promised. if you look at -- [applause] got you biggest tax cut, beyond the ronald reagan tax cuts anwr, getting rid of the individual mandate, the biggest cuts in regulations in the history of our country and we're going further. [applause] that might be the biggest reason that our country is doing so much better than other countries and why we're doing so well. but they view this as a political thing because this was one of the big things -- i said we're going to do tax cuts, we're going to do regulation and we're going to do -- we d