he's your gold guy. here we have it, the closing bell ringing on this friday. dow jones industrials do end with a nice gain of 129 points. s&p up 13. the nasdaq up 55 on this quadruple witching friday. that will do it for "countdown." it's time for "after the bell." boeing leading the turnaround on wall street. all three major averages ending in the green. happy st. patrick's day, right? extending gains for the week as well. nice gains for the week, after reports that boeing will roll out a software update for its 737 max jets much sooner than expected. we will take a look. the dow up 137 points. i'm lauren simonetti in for melissa francis. connell: i'm connell mcshane. welcome to "after the bell." nice st. patrick's day reference. lauren: i like the green tie. mcshane. connell: i like that. s&p up today by 14 points, half a percent. the nasdaq, all the tech stocks have done very well, ending the day in positive territory. up 2.5% for the week on the

nasdaq. some of the big market movers ahead. first, here's what's new at this hour. at any moment now, tape from president trump to be played back to us from the white house. the president just issuing his very first veto, first veto in his administration. he's blocked congress' resolution to end the declaration of a national emergency at the border. we will bring you his remarks as soon as we get them. again, any moment now. the other big story today, a massacre in new zealand. a terror attack there leaving at least 49 people dead. dozens more injured. heavily armed shooter opened fire on two mosques during friday prayers. we will have the latest on the investigation as it stands and what we know about the suspect. and the new move by china to try to satisfy the united states as the two countries work towards a trade deal. we are set to speak with the former u.s. ambassador to china later on this hour. lauren: let's get back to the markets.

the dow ending in the green for the third day in a row. rebounding after the worst week since december. we have fox business team coverage of the biggest story of the day for you. susan li is on the floor of the new york stock exchange. jeff flock is on the ground at midway airport in chicago with the latest on boeing and edward lawrence is standing by at the white house. ladies first. to susan li at the new york stock exchange. hi, susan. susan: you know, we have a lot of activity on the floor right now because today is quadruple witching, expiration of single stock options, off of index futures, a rebalancing of the s&p. volumes are crushing it today. we are looking at a volume spike of three, four times the regular volume and guess what, traders like it because you get more in commissions when you basically trade more stock. this is a big day. right now, lots of activity around us. but in terms of stock movers, this is the first week of gains in four for the dow. we are on a three-day winning streak. the s&p and nasdaq highest since

october so we have climbed back from the depths of those december lows. boeing has been the story this week. if it wasn't for boeing which shaved around 300 points on the dow this week, we would have been much higher than this. boeing in a reprieve today after the 737 max software upgrade coming in a little earlier than many had anticipated. that's some good news there. also some record highs in terms of visa. we hit a record high for this stock, also want to point out microsoft as well, stock hitting its all-time best. wow, above 115 and change. microsoft has really been a cash c cow, compared to the rest of the silicon valley giants. they have been around for a long time. finally, speaking of silicon valley giants, talking about facebook today, we are looking at the worst move for the stock since christmastime, december 21st. this is because of the content online from new zealand and two executives leaving. back to you. connell: quick comment from my

panel on this. veronica dagger is with us and john lonski. guys, i will cut you off, i'm warning you before i even go to you on the markets, because we are going to get the president's comments, his first-ever veto, in less than a minute. the idea this market held up so strong to susan's point despite what we saw from boeing, what do you make of the week on wall street? >> huge volume today, especially, as susan mentioned. it's all about trade this week. some encouraging news out of china and the u.s. maybe getting a trade deal -- connell: i knew i would have to cut you off. here's the president. >> -- to express the sorrow of our entire nation following the monstrous terror attacks at two mosques. these sacred places of worship were turned into scenes of evil killing. you have all been seeing what went on. it's a horrible, horrible thing. i told the prime minister that the united states is with them all the way, 100%, whatever they need, we will be there. new zealand has been a great friend and partner for many

years. or relationship has never been better and what they are going through is absolutely terrible. so our hearts are with them and whatever we can do. we are grateful to be joined today by the vice president, thank you very much, mike, for being here. members of my cabinet, devoted public servants and angel parents. very important people to me. and to a lot of other people. i want to thank you all for being here. thank you so much for being here. we appreciate it. thank you. gone through a lot. as we take action to restore our national sovereignty and defend this nation from criminal cartels, human traffickers and drug smugglers, crime of all kinds coming to our southern border and other places, but this is the place. this is the place, we have the biggest problem by far, and i want to also compliment the incredible people at border patrol and i.c.e. and law enforcement for the job they've

done. they have apprehended so many thousands and thousands of people that if we had the proper protection, we wouldn't even have to apprehend. they wouldn't be coming in. as president, the protection of the nation is my highest duty. yesterday, congress passed a dangerous resolution that if signed into law, would put countless americans in danger, very grave danger. the democrats sponsored resolution would terminate vital border security operations by revoking the national emergency issued last month. it is definitely a national emergency. rarely have we had such a national emergency. therefore, to defend the safety and security of all americans, i will be signing and issuing a formal veto of this reckless resolution and that's what it was, and i have to in particular thank the republicans, strong, wonderful people, the republican

senators that were on our side and on the side of border security and on the side of doing what they have to to keep our nation safe. they were very courageous yesterday and i appreciate that very much. congress' vote to deny the crisis on the southern border is a vote against reality. it's against reality. it is a tremendous national emergency. it is a tremendous crisis. last month, more than 76,000 illegal migrants arrived at our border. we're on track for a million illegal aliens to rush our borders. people hate the word invasion but that's what it is. it's an invasion of drugs and criminals and people, we have no idea who they are but we capture them because border security is so good but they are put in a very bad position and we are bursting at the seams, literally bursting at the seams. what border patrol's able to do is incredible. i also by the way want to thank our military, because our

military's been very much involved, as you know. and they're putting up walls, in some cases temporary, in some cases they were supposed to be temporary, they're so good that they're better than the permanent so we're leaving them. we have really nowhere left to hold all of the people that were captured and we're at a point where we're just going to have to say with these horrible decisions that we've been handed by people that aren't living in reality that there's nothing we can do. there's absolutely nothing we can do. we're bursting at the seams. you can only do so much. and the only option then is to release them, but we can't do that, either, because when you release them they come into our society and in many cases, they are stone cold criminals and in many cases, and in some cases, you have killers coming in and murderers coming in and we're not going to allow that to happen. just not going to allow that to happen.

there's been a 2,000% increase in border related asylum claims over the last decade. part of the reason is because our country is doing so well economically that people are coming up in droves. the vast majority are rejected but smuggling organizations making a tremendous amount of money like they've never made before by using these people to crash the system. our immigration system is stretched beyond the breaking point and as i said, nothing much we can do. we can just do our job and do it well but there's a point at which if the democrats would get in, we would be able to make a deal literally in 15 minutes, we could make a deal on changing catch and release, changing the horrible asylum laws that are so unfair, changing visa lottery, chain migration, these laws are just horrendous. i won't explain them but everybody standing behind me knows exactly what they are. they're dangerous for our

country and they're inspired by democrats who have to change. one in three migrant women is sexually assaulted on the journey north. the border crisis is driving the drug crisis. 70,000 americans a year are killed by drugs, including meth, heroin, cocaine and fentanyl, and the 70,000 people is a number that's so low that it probably shouldn't be used anymore. the mass incursion of illegal aliens, deadly drugs, dangerous weapons and criminal gang members across our borders has to end. we are bringing out thousands and thousands a year of ms-13 gang members and other gang members that are just as bad, where they come into our country, they are able to skirt the border, come to areas where we don't have proper wall, where we don't have any wall at all, and they get into the country and they do a lot of damage in

many cases but we get them out by the thousands and we bring them back or we incarcerate them. the national emergency i declared last month was authorized by congress under the 1976 national emergencies act and there haven't been too many that are bigger emergency than we have right at our own border. consistent with the law and the legislative process designed by our founders, today i am vetoing this resolution. congress has the freedom to pass this resolution and i have the duty to veto it and i'm very proud to veto it and i'm very proud as i said of a lot of republican senators that were with me. i'm also very proud of the house, the republicans in the house voted overwhelmingly in favor of a secure border. since 1976, presidents have

declared 59 national emergencies. they often involved protecting foreign citizens in far-off lands. yet congress has not terminated any of them. every single one of them is still in existence. yet we don't worry about our land. we worry about other people's land. that's why i say america first, if that's okay, america first. the only emergency congress voted to revoke was the one to protect our own country so think of that. with all of the national emergencies, this was the one they don't want to do and this is the one perhaps they should most do. we're joined today by many brave law enforcement officers, including sheriffs and just people that have been just tremendous, tremendous backers of law and order which we have to have. we're also joined by friends of mine, mary ann mendoza, ken terry, laura wilkerson, sabine

durdin and steve rombeck. i will ask steve to say a few words and i will ask some of the folks behind me to say also a few words as to the importance of what we're doing. there's nothing more important. as i said, i was elected on a very -- by a very very great group of american people, millions and millions of people, because they want security for our country, and that's what we're going to have. i'd like to ask secretary nielsen to say a few words, then attorney general bill barr, then i would like to go to some of the folks behind me and perhaps you would have something to say, then we are going to sign something that's going to give us safety at our border. secretary? >> i just want to thank you and the vice president for your leadership and your constant support of the brave men and women not only represented behind you, on the very front lines of our country, but at cbp

and i.c.e. we have not seen this type of flow, as you know it's predominantly families and children, which means there's a very unique and dangerous humanitarian crisis at hand in addition to the security that just described in your remarks. we have a duty to know who comes in our country and we have a duty to ensure the flow is safe and orderly. that's what you have attempted to do. that's what you have commanded that congress do. i just again ask congress to please pay attention. we have given you the facts. the system is breaking. security is at risk and the very humanitarian protections we hold dear in this country are at risk in terms of the vulnerable population. mr. president, thank you for your leadership and great support. >> thank you very much. thank you. bill? >> mr. president, your declaration of an emergency on the southern border was clearly authorized under the law consistent with past presidents. as you said, the national

emergencies act directly authorizes the president, gives broad discretionary authority to the president to identify and respond to emergency circumstances that require a decisive response. the humanitarian and security crisis we have on the border right now is exactly the kind of emergency that presidents are permitted to address under the national emergencies act. as you alluded to yourself, in the past 40 years, there have been 59 emergencies declared and many of these have dealt with political conditions in countries like sierra-leone. the crisis we are dealing with today is right on our doorstep and presents a real clear and present danger to the american people. what you have done from a legal standpoint is grounded in law and from the standpoint of protecting the american people, it's imperative. >> thank you very much.

that's great. thank you for defending it. you will defend it well, i have no doubt about that. would anybody like to say something? why don't we start with mike? >> thank you, mr. president. i don't know that i have ever been more proud to be standing next to your desk than i am today. to be standing with these courageous americans and with these extraordinary angel parents. we have a crisis on our southern border. the reality is it's not only a crisis of illegal immigration, criminal elements are coming across the border, the flow of drugs, drug overdose is the number one cause of death for americans under the age of 55. the crisis on our southern border is a crisis all across this nation. and in human trafficking and all that comes with this crisis justified the president's declaration of a national emergen emergency, it's affecting all the people of the united states. today, mr. president, with your

strong support for the men and women in law enforcement, customs and border protection, homeland security and with what i know is your love and your heart to these angel parents, you are keeping your word by vetoing this legislation, by finding the available resources to build the wall, address this emergency and secure our border. i know i speak on behalf of all gathered here, people all across this country, when i say thank you for keeping your word, mr. president. thank you. [ applause ] >> mr. president, thank you so much for a very necessary veto to support public safety in this country. the sheriffs and men and women of law enforcement in this room and across this nation owe you a debt of gratitude for something that we have been waiting for

for decades. our hats are off to you again, sir. it's an honor to be here. it's an honor for sheriffs to be involved in this. it's an honor for law enforcement as we fight the drug trade every day in this country. all the things that go along in our business, in our profession, from an insecure border. so again, sincerely, we thank you, sir. >> thank you very much. thank you for being here with me all the way. thank you. >> mr. president, i can't thank you enough on behalf of america's sheriffs. as you well know, there are men and women in law enforcement across this country that are fighting the battle every single day. they are in the trenches. while we americans only make up about 7% of the world's total population, about 68% of the rld would's total drugs are consumed here in the united states every year. this is not political propaganda. we have a dire crisis on our southwest border and america's sheriffs stand behind the president of the united states

100%. he has had our back, he's had the americans' back and we stand behind you solidly for what you're doing here today. this is unprecedented for a president to take this type of action and we commend you, we applaud and i salute you, sir. >> what you've been through. >> my son was killed in 2014 by a repeat illegal alien criminal allowed to stay in this country. he was a police officer in mesa, arizona. angel families come forward to tell their stories not because we have created a manufactured crisis but because we want to tell the american people and share our heartache and let you know what is happening on our doorstep, what's happening to your neighbors, what's happening to your fellow americans, and there is a way to prevent this and it's not by continually lying to you and telling you there isn't a problem. there is a problem. it's a national emergency and thank you.

>> mr. president, i echo the sentiments. thank you for all the support. this has been something we're not used to for the last several years to have this kind of support. this is, this isn't about immigration anymore. this is about drug trafficking and human trafficking into this country. if you care about human rights, you should absolutely care about border security. human beings are being -- their rights are being violated on that border every day. i know i speak on behalf of the arizona border sheriffs that i challenge our congressmen and women and senators to come down and see firsthand what we're dealing with. see it for yourself before you cast your vote. you will see that we do, we are dealing with a crisis. we are fighting every day alongside our federal partners, our local partners, sheriffs' office toss take cas to take ca. thank you, mr. president. >> mr. president, i have been a

sheriff for 21 years. i have been dealing with congress for 21 years on this issue of immigration. lot of people listened over 21 years but mr. president, you are the first person who has taken action. you have given us back our footing in law enforcement but you have also given the american people back what they deserve which is to be protected. in signing this today, i can't tell you how much it means to all of us in law enforcement but importantly, mr. president, when i hear people say this is all manufactured, it's all this and that, no, it's not. in my county alone, one city, we have on average, on second shift, our hospital in bedford, massachusetts, 16 to 20 overdoses on second shift every day. this is going on, that's one example. it's happening all over the country. but mr. president, you have stood up and taken the action and the american people are behind you. we're behind you and thank you. god bless you for what you're doing.

>> where's thomas? you had a horrible ordeal. >> i would like to tell you and tell the public if you don't think it could happen to you or your family, i have a quick story. i have been with the state police for over 30 years with the narcotics and gang task forces and supervised those for 22 years. my son grew up with depression issues and some mental health concerns. he self-medicated with marijuana. at 18, his father had him arrested a few times along the way. when he turned 18 he moved out the day of his birthday when he turned 18 years old. because he knew dad had rules and one was no drugs in the house. he moved out, stayed with some friends, got a job. he had a work related injury where he severed four fingers and was introduced to opioids. he's battling two things, mental illness and the opioid addiction. afterwards he finally came to me and for the first time in his life said he needed help. we sent him to a rehab facility

for only 30 days because that's what our insurance would pay for at that time. he came out of rehab, everything was fine for approximately three months. the craving was too much for him. he got ahold of some heroin laced with fentanyl and he died on december 13th, 2017. so i'm here to say as far as stigma goes and narcotics, and it's not going to happen to me, not going to happen to my family, my father is a retired minister of 45 years, my sister is in the medical field, my brother's in law enforcement. no one even smokes in our family. no one has ever been arrested. it happened to me, it happened to our family. so it can happen. that's how horrific and addictive this drug is. so anything you can do to help us and families like us is greatly appreciated. >> coming through the southern border, folks. all through the southern border. thank you very much. >> mr. president, thank you very much, sir.

this is the first real step in confronting the heroin drug crisis in this country. we are going to make real strides after this. i'm the sheriff of your home of camp david. we suffer the same problems there. i'm convinced without what you're doing here today, every county becomes a border county. thank you, mr. president. >> so let's get this signed, right? i always said they will not have died in vain. >> you told me that four years ago. >> when we first met on the campaign. when they said oh, trump's not going to win. you said trump is going to win. i said they will not have died in vain, right? i say it today with even more meaning. it's a big step.

[ applause ] >> thank you very much. thank you. that's a big step. we are building a lot of wall right now. it started. a lot of people are saying well, gee, you took down wall and you're building new. we took down wall that almost didn't exist. it was like paper. and we're replacing it with, in many cases, 30 foot bollards and in many cases, replacing it with 18 foot wall. we have many miles under construction right now and we are going to be signing contracts over the next couple of days for literally hundreds of miles of wall. it's being built in the right places and it's doing the job. it's doing the job.

it's interesting, it's a little bit like water. we did san diego. you know, california is very interesting because they keep talking to california, we don't want wall. i see a new candidate who's in the mix, he wants to take down the walls. try that sometime. you'll see what will happen. you would have tens of millions of people coming in. you see, take a look at tijuana. take down that wall. you want to see a mess, take down that wall. you will see what will happen. right now we have thousands of people in tijuana trying to get in. they're not getting in. so as we build it, it gets better and better but it gets really to a point and they come to a point but you can control that point. this is serious stuff. we are able to do it cheaper, better, it's better wall, it's different from what you've been watching going up. we had to take the old plans. we didn't want to stop so we took the old plans, we didn't like it. this wall is a beautiful looking structure. it's much stronger and you can build it faster and cheaper. other than that, what can i say,

right? it's going to be great. and it's going to have a tremendous impact. on top of that, i have to thank the secretary and all the people that have worked so hard because when w what you do on the border patrol, what you do, the border patrol agents and what the i.c.e. folks do, taking people out of the country that nobody wants to talk to. even some of the sheriffs, you know, you can get i.c.e. to do it, you don't mind if they do it, right, sheriff? as tough as you are. these are tough people. and great people. people that the i.c.e. folks that take such abuse from democrats and from others, they love our country as much as anybody loves our country. so we are building a lot of wall and we are taking good care of our people and we are doing at point of entry a tremendous amount of work. we are already in contract to buy -- they make pretty incredible new equipment for drug detection where you can find out what's in the wheel of a car, where it is, where it's in the engine, where it's in the hubcaps. we have some incredible stuff.

plus we have also, we are getting dogs, more dogs, believe it or not, i still say is that still true, there's nothing replaces a good dog. is that right? the finest equipment. we haven't been able to match the dog. i have seen that at secret service where they showed me the dogs, certain types of german shepherd, very specific types of dog. but what they do is they will run by 15 boxes, all empty except one and they will be very, very strongly sealed boxes, and they will come running full speed and stop like on a dime, they know the drugs are in that box. it's the most incredible thing. so we're spending hundreds of millions of dollars on equipment but i will say this. it's not as good as the dogs. but as you know, we are getti getting -- you will have the best equipment but we're getting a lot of dogs for various entry points also. with that, i just want to thank everybody for being here, in particular i want to thank you

folks because you have been, please say hello to all of your friends that have been with us really from day one. what you have gone through is unthinkable. i appreciate it and you're strong people. you're strong and you're proud and your kids are looking down on you right now and they're very proud of their moms and their dads. you know that, right? they're very proud. thank you very much. again, to those republican senators that did what they had to do yesterday, i want to thank them. they're very special friends and very special people and they want to see borders that are strong where we don't allow drugs and crime and all of the problems coming into our country. thank you all very much. thank you. >> white nationalism is a rising threat around the world. >> i don't really. i think it's a small group of people that have very, very

serious problems. i guess if you look at what happened in new zealand, perhaps that's the case. i don't know enough about it yet. they're just learning about the person and the people involved but it's certainly a terrible thing, terrible thing. reporter: some of the republicans who voted for this resolution say they support border security but [ inaudible ]. >> i do. they are doing what they have to do. look, i put no pressure on anybody. i actually said, i could have gotten some of them to come along, i said i want you to vote your heart, do what you want to do. i'm not putting any pressure. i will let them know when there's purchase. i told them, i said when i need your vote, i will let you know. i didn't need their vote. we all knew it was going to be a veto and they're not going to be able to override. it's going to go very quickly. we have a great, as your attorney general just said, the case is a very strong case, very powerful case. it was actually i think the national emergency was designed for a specific purpose like

this. so we have a great case and i think it's -- i mean, ideally, they shouldn't be pursuing this case, want to know the truth. they shouldn't be pursuing this case but they will, because they always do. we want border security. we want safety. we want no drugs. we want no human trafficking. okay? reporter: one follow-up on the killer wrote a manifesto, apparently. did you see that? >> i did not see it. i did not see it. but i think it's a horrible event. it's a horrible thing. i saw it early in the morning when i looked at what was happening in new zealand, i just focused, you know, on the prime minister. it's a horrible, disgraceful thing and a horrible act. okay? thank you all very much. thank you. connell: president trump wrapping up an event in the oval office where he issued the first veto of his administration. the president had declared a national emergency on the 15th of february, trying to secure more federal funding to build a

border wall across portions of the southern border. that emergency declaration was rejected in the congress and both houses, first the house of representatives, then the senate when 12 republicans joined all 47 democrats in voting against the president but as you just saw, he has vetoed their resolution. let's bring edward lawrence in from the white house. the key there commentary-wise at the end from the president came when he talked about the votes against his resolution. he said at this point that there's no way this is going to be overridden in the house of representatives and the senate. they don't have the support for that. i guess the next stop as he alluded to would be the courts. reporter: exactly. he told the senators, he said there that vote your conscience, vote how you want to vote. the president though saying this bill was a dangerous vote against reality, as you heard there. flanked by parents whose kids were killed by illegal

immigrants, the president there sure he did the right thing. the attorney general saying the national declaration, the emergency declaration is legal under the law. the white house, though, very disappointed in those republican senators who voted for this bill against the president. listen. >> these sacred places of worship were turned into scenes of evil killing. you've all seen what went on. it's a horrible, horrible thing. i told the prime minister that the united states is with them all the way, hundred percent, whatever they need. we will be there. new zealand has been a great friend and partner for many years. reporter: the president actually there talking about new zealand. he had just talked with the new zealand prime minister. the president sending his condolences saying the united states will do everything they can to assist the folks in new zealand with this tragedy. 49 people dead, more than 20 critically injured. so that death toll may rise there. again, he was disappointed that this happened saying it was a horrific act but on the veto, the president saying he

absolutely has the right to do it. he says that coming over the border is an invasion, as the president called it. he needs that wall to stop this invasion. back to you. connell: edward, thank you. edward lawrence on the north lawn of the white house. as bob cusack joins us from the hill, where he's editor in chief, with his political analysis. lauren will talk about the legal implications and where the case may go from here if there is a case. we expect there obviously to be one but the significance of the president's first veto. he did have 12 republican senators who rejected his emergency declaration and now he's overriding them, essentially. >> yeah. that's right. 25 in total, 13 in the house, 12 in the senate. but an overwhelming majority of republicans supported the president and let's not be confused here. president trump has not lost his grip on this party. his record in primaries is incredible. i think this is the exception to the rule and clearly, president trump going on offense here, having this press conference, having the new attorney general there, i thought that was pretty

significant because obviously, he's going to take the lead in the courts. but as you said, this is not going to be decided by congress. it will be decided by the courts. connell: interesting point you make, going on offense. we see bill signing ceremonies all the time but veto ceremonies? we don't see very many vetoes, obviously. that in and of itself, a little bit strange and obviously, there was a political calculus to doing this on television, in public in the oval office and all the rest, right? >> yeah, that's right. i think this plays into 2020 which of course has already started and i think president trump is going to be making the case listen, we have started the wall, now we need to finish it and certainly, the wall's not going to be finished by the time the fall of 2020 rolls around. i do think this is something the president thinks that actually will help him on the campaign trail and he loves to talk about it. it was his number one issue in 2016. connell: no doubt. no doubt. no matter how it ends up in the courts, is that your point? one of the key parts to me again politically that stood out for the president in this, you know, these comments we heard, he was

going on at one point about how i was elected by all these wonderful people and they wanted security for our country and he was alluding to just that, build a wall comments and how important this was to his campaign and still is, presumably to his base. >> yeah, that's right. let's say he loses this court case and i think it's a jump ball whether he wins or loses in the courts. he's still going to be able to make the case listen, i tried to do this declaration but now we need more republicans in congress, you need to re-elect me so we can finish the job and go through the normal appropriation process to finish the wall. so it certainly plays into his campaign theme regardless of what happens in the courts. connell: good to see you, bob cusack from the hill in the washington newsroom. lauren has more. lauren: joining us on the phone is a constitutional lawyer. seth, thanks for joining us as we dissect everything that just happened. connell was just talking about some of the defections, particularly the bruising ones that came from within the

republican party. some of these republicans, namely mitt romney, are saying look, we know we need border security. it's not about that. we just don't like the way the president went around us. we support checks and balances. your thoughts? >> that's right. i think at the end of the day what we are really talking about here is setting the stage for what is now going to be a constitutional showdown. what the mitt romneys and the other individuals in the senate have said that have voted against the president are concerned about a basic constitutional precept known as separation of powers, and their position is that although we have appropriated the money and [ inaudible ] border security, if the president wants to reach above and beyond that, they are in compliance with the national emergencies act, had the authority to be able to take the majority vote as to whether or not they wanted to reject the president's actions.

as a practical matter, we know we will not have a legislative override with the necessary two-thirds vote. as the president says, it's headed to court. lauren: then what -- how long can that get held up? >> well, i actually think that although it will take a few months, that it can probably move a little bit more quickly than some say. keep in mind that we already have litigation that has essentially been on hold. there's a case going on, the lead case of the 16 states that have sued in california challenging the president's declaration of a national emergency and his plan to use the funds for the extension of the wall. that is a constitutionally framed case and although i believe that the president is going to be facing an uphill battle at the trial level, within a few months that's probably going to end up in a showdown ultimately in the supreme court. lauren: all right. thank you very much for coming on and for your perspective. connell: more news to cover today, including the terrorism

overseas. just a shocking massacre at two mosques in new zealand, leaving at least 49 dead. what we are now learning about the shooter and his potential motive. plus, we are learning new deals on the ethiopian airlines crash as boeing says it will roll out new software in the coming weeks. that's all coming up. obvious. sometimes, they just drop in. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group - how the world advances. ♪ ...that's why i've got the power of 1-2-3 medicines with trelegy. the only fda-approved 3-in-1 copd treatment. ♪ trelegy. the power of 1-2-3

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lauren: boeing on the rebound, leading the dow higher today. shares turning positive on this news. a report that the air maker will roll out a software upgrade to its 737 max in coming weeks. fox business' jeff flock is at midway airport in chicago with the latest to investigation into what caused that airline to go down. jeff? reporter: yeah, lauren, we have been talking about this software upgrade for some time. that is what boeing came up with after the first crash, the lion air crash. today, though, another headline i would say would be the finding of something called a jack

screw. for those who are not engineers, i will try to explain what that is. it's actually inside the tail of the aircraft and it controls the horizontal stabilizer on the tail. take a look. we have some pictures of a 737, some still photographs that show you where this is located. this was located in the wreckage of the latest crash and the jack screw essentially controls that horizontal stabilizer and either causes the plane to pitch higher or to dive. well, as you know, it is the anti-stall component of the plane that has actually been implicated in connection with these crashes. the anti-stall essentially, if the plane is pitching too high, forces the nose down. well, if there is incorrect information coming into that program, then the plane could be doing just fine but it would force the nose down and potentially cause a crash.

that's the software upgrade they are talking about. a report today that it would be as soon as ten days, after speculation it could be three to six months so that was good news for the stock. the question is, is that really the problem and will that really correct the situation, get the plane back in the air. at this point, we don't know. lauren? lauren: do we know how soon the planes can actually get back in the air, if they're saying this fix is about ten days away, potentially? reporter: yeah. i don't think that that necessarily means, even if that fix starts to be rolled out, and that's not a simple fix. essentially what that would be, would be creating different sensors around the aircraft so that if it gets bad information from one, and forces that nose down without needing to, they would have other sources of information so that wouldn't happen. that's not an easy fix. it costs about $2 million a plane and could take some time. so no, in answer to your question, we don't have a good sense of when these planes will

get back in the air. lauren: good thing boeing has $7 billion of cash on hand. jeff, thank you. connell: no timetable. levelling the playing field. china vowing to better protect american companies that are operating overseas, including the safeguard of intellectual property. but some u.s. leaders are not quite convinced at what we are seeing out of china. what does it mean for the ongoig trade war and a possible deal? gary locke will join us, the former u.s. ambassador to china, next. all money managers might seem the same, but some give their clients cookie cutter portfolios. fisher investments tailors portfolios to your goals and needs. some only call when they have something to sell. fisher calls regularly so you stay informed. and while some advisors are happy to earn commissions whether you do well or not. fisher investments fees are structured so we do better when you do better.

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lauren: tragedy in new zealand, where at least 49 people were killed and dozens more injured in terrorist attacks at two mosques near the southern city of christchurch. let's go to fox news's jonathan hunt for the latest on the

situation and the developments. jonathan? reporter: lauren, it's a massacre that has left new zealand and indeed, the world stunned and on alert. it was an attack aimed deliberately at muslims. a gunman livestreaming every moment by a camera mounted on his head. we're not showing any of that video at this point but i have watched it for the sake of our reporting and it's important to describe the detail. the gunman drives calmly toward a mosque, playing music and talking to himself. he then takes weapons from his trunk, walks toward the mosque which was filling up for friday prayers, and opens fire, gunning down at least two men at the doorway. then he walks inside and shoots every single person he can see. he reloads several times and at one point goes back into a room where two large groups are laying on the floor, many of them already dead, some appear wounded. he walks calmly around, taking kill shots, finishing off his victims with bullets to the head

or body. once he leaves the mosque, he shoots several people on the street, including a woman wearing traditional muslim dress. she is wounded. she lies on the street crying out for help. the gunman walks up to her and once again, delivers the final shot. he then gets back in his car, drives over the woman's body and continues to shoot other people from his car. the video stops after about 16 gut-wrenching minutes and around 236 shots fired, all of it streamed live. on that point, facebook told us today quote, new zealand police alerted us to a video on facebook shortly after the livestream commenced and we quickly removed the shooter's facebook and instagram accounts and the video. we're also removing any praise or support for the crime and the shooter or shooters as soon as we're aware. the man on the video also left what new zealand authorities describe as a manifesto. in it, he describes himself as a 28-year-old australian citizen.

he talks about intimidating and repelling what repeatedly calls muslim invaders, saying mass immigration is a threat to civilization. and he says he supports president trump as a symbol of renewed white identity and common purpose, although not as a policy maker or leader. police now have at least three people in custody, one of whom you can see being arrested on this video. none of whom, according to officials, have been on the terrorism radar in either new zealand or australia. the gunman, by the way, also said in the manifesto he hoped to go to trial where he will plead not guilty because in his view, he was taking action against a quote, occupying force. lauren? lauren: very deranged, jonathan. i believe you lived for a few months in new zealand and my question to you is what does this do to their reputation of safety? i mean, at one point their

police officers didn't even carry guns. reporter: yeah, i lived in christchurch itself for about eight months in the immediate aftermath of 9/11 while i was waiting for my u.s. green card to be processed. i can tell you it is a beautiful, peaceful city. it is like a snapshot in many ways out of the 1950s. it's morning there, saturday morning there now, and i can tell you everybody in christchurch and indeed, the whole of new zealand, waking up to a completely different reality. they have been so far removed from the troubles of the modern world. now those troubles have arrived in the most tragic fashion. lauren: jonathan hunt, thank you very much. connell: boy. that's terrible story in a beautiful place. let's move on to china. it might be a necessary step to secure a deal, legislators in china passing a new foreign investment law to prevent forced intellectual property transfer and also to protect foreign companies' commercial and trade secrets. it comes as washington and beijing are still working on the

final details of a trade agreement. we are joined now by ambassador gary locke, the former u.s. ambassador to china. ambassador, want to start with that the peoples congress in china passing these new foreign investment laws. what message if any are they signaling or sending to the united states ahead of a trade agreement being finalized? >> it's a recognition by the chinese that they have to open up their markets. right now, so many sectors of their economy are off-limits to any foreign participation and where foreign investment is allowed, it's less than 50% which requires a chinese partner. that's where you get a lot of the forced transfer of technology. so they recognize that they have to open that up. that's been going on, that awareness has been going on for quite some years, the chinese and the u.s. have been working on what they call a bilateral investment treaty, listing those areas in which foreign investment is not allowed, and therefore by implication, if it's not on the list, then

investment is allowed. so this is a good sign. it means that they are stepping up. they know that they need to set in motion the protocols, the regulations, to enable that foreign investment. connell: from what you know about what happens in china or maybe even people you have been speaking to there, is it a signal na tha signal that the chinese are ready to make a deal that has teeth, that has staying power, or are they sending signals you talk about just for p.r. purposes, to make it look like hey, we are going to do this but it's not going to last? >> well, no, you have to be able to invest in china and so removing the restrictions is a necessary step. of course, the issues of the trade deficit, buying more american-made products, creating more jobs in america, will have to be enforced and the chinese i understand and according to administration officials are willing to make significant increases in purchases of american goods and farm products and even natural resources.

so that's going to lead to good jobs. the key, though, to all of this is having ways in which a timetable that we can hold the chinese feet to the fire and then some sort of enforcement mechanism so that the chinese know that if they relax, if they don't follow through, then we have a mechanism by which we will take action against them, whether that's keeping some of the tariffs in place until they completely follow through, or possibly reimposing tariffs. connell: if there's one thing that cannot be left out of the deal under any circumstances by president trump and the united states negotiators, is that it? what is it? >> well, it's going to be some sort of enforcement mechanism. first of all, it's a timetable of commitments, not just promises of opening up markets and buying more american-made produc products, moving toward improving the intellectual property climate in china. we need to have commitments with timetables given to each of

those actions. connell: what's been talked about publicly as well as behind closed doors by administration officials is enforcement mechanism where the u.s., if the chinese violate terms of an agreement, could reimpose tariffs but that the chinese under that particular agreement would not be able to retaliate. do you think they will actually agree to that if that's what's been talked about? >> that could be a stumbling block, because what happens if we simply impose tariffs unrelated to violations of their agreement or lack of follow-through, so you know, that's going to be a hard one for the chinese but it's something that we have to address and we are going to have to raise. we certainly need commitments from the chinese with respect to affirmative steps that they're going to take in terms of opening up their markets, avoiding some of these forced transfers of technology, beefing up their intellectual property system, their court system. a lot of these things are going to take a lot of time. i mean, our own intellectual property system, our patent

trademark system was -- took over 200 years to refine so we can't expect any country that's not used to any of this to suddenly put something in place and make it akin to what we have in america. connell: if you had to put odds on at least agreeing to that, what odds would you put on it at this point? >> well, they already are trying to model their court system after the u.s. system. they have had a lot of visiting judges from america, law professors helping them set up a legal system. but so many of their judges right now are not even lawyers. that's how far they have to go. they are graduating a lot of people from law schools and sending people over here to get trained in the law but they've got a long ways to go. obviously, enforcement, monitoring their progress is key. connell: gary locke, former u.s. ambassador to china, thank you, sir. thanks for coming on with us today. quick note here before we wrap up for the weekend. you can catch this one. lauren along with cheryl casone

at 5:00 a.m. weekdays on the fox business network on a show there very simple, "fbn am." lauren: as in morning. tomorrow on cavuto's saturday show. thanks for having me today. happy st. patrick's day. david: around the world and across america, hundreds of thousands of students are skipping school today in more than 100 countries. they are demanding adults work to find a solution for climate change. some students have been ditching school on fridays for months to reportedly promote the cause. shouldn't they be in school learning about science? the environment and the political process? hi, everybody. happy friday. i'm david asman. joining me on the panel to debate this and more, kristina partsinevelos, jonas max ferris, gary kaltbaum and adam washinski.