rescue. ashley: slew of issues. see you, guys. apparently cancel each out out >> bye, because of the market. we've been in the sail ring. stuart: thank you, ash. connell: so that is the vice president, joe biden, former ashley: my pleasure. vice president, outside of stuart: connell mcshane is in washington. boy, a lot to talk about there. those comments were made after a speech that he delivered for neil. earlier. we brought you a snippet or two connell: i was disappointed with you. i thought you let that of the speech in which he made 7-year-old off the hook. some, as i said a few minutes you need to go at her a little ago, made some jokes about the bit more. have a good weekend. allegations that have come up against him saying oh, i have welcome to "cavuto: coast to coast." a lot going on this friday. permission to hug or touch so almost all of it is in our and so, that kind of thing. we had a talk about how does wheelhouse, jobs and economy. that go over in the democratic i'm connell mcshane filling in primary. then he added a lot to that in terms of the type of democrat he for neil. president trump on his way out would be if he gets into the the door heading to the border race. charlie gasparino is with me on the south lawn of the white house just as he was now. if he gets in, it appears to heading to the helicopter there, almost be over now, sounds like he took a shot at the federal someone running for president, reserve again. no doubt about that. what did you make of all this? he did it with reporters turning >> two days ago we reported on to our own blake burman. the here is the exchange. claman's show and on neil's show reporter: what should the fed do and it got some interesting with interest rates? pickup. two things.

>> well i personally think that he was mad as hell that these things came out. the fed should drop rates. he really believes it's a bernie i think they really slowed us sanders plant to upend his run. down. there is no inflation. number two, he's been telling i would say in terms of people as of two days ago he's definitely in. quantitative tightening it connell: said his lawyers won't let him -- should be quantitative easing. >> once you say that, you change your classification. very little if any inflation and he wants to get a lot of this stuff out of the way. i think they should drop rates it's interesting. and they should get rid of he's running. i mean, you know, listen, he may quantitative tightening. you would see a rocket ship, wake up three days from now and say don't want to do it but he's despite that we're doing very running. how do we know this. well. connell: get to blake at the he's staking out a moderate white house for more on this. ground in the democratic party. you asked him that question, you saw, he denied being a blake, after we had a strong jobs report this morning. he said the economy is doing progressive. says no, i'm a liberal. then talks about that a far left great. in the next breath he said cut person has never won. then he talked about the rates. that is interesting argument. demographic of the democratic reporter: not clear you could clearly make it out there, party. he says it's mostly liberal to moderate liberal. essentially what should the what he is saying is that these federal reserve do with interest rates? guys, he's taking himself and you heard the president's answer there which you could break down saying i'm the only person i think into two different because i straddle, i'm much parts. the part of interest rates and more acceptable to the vast majority of working class part that relates to americans than these lunatics

quantitative easing. the part about rates, i think over here. connell: he says i can beat this is the first time we heard trump. that's his argument. >> but he's got a point. president trump in 2019 to cut here's where it comes down to if he wants to win. rates. larry kudlow came out publicly i'll tell you, i'm not a within the last week saying that political expert. the fed should do so at least someone like karl rove, you according to our research i would have to ask him but he's kind of touched on this. don't believe the president has will he actually go out and say gone this far. we know he expressed his elizabeth warren, this one, that frustrations with jay powell. one, this one, they're so far he expressed his frustrations off the ledge, they can't win, with the federal reserve. they want to return this i believe this is the first time country, they want to bring this we heard president trump say on country to socialism, i'm at camera, at least on the record, least cognizant of progressive that the fed should cut interest values, liberal values, of rates. completely coincidentally as president was talking to us on bringing everybody up. the south lawn, larry kudlow was these people, the racial bean speaking with stuart varney and counters, the communists, the kudlow expressed some of those socialists, they are not. sentiments. connell: what's interesting, i watch here. didn't see the actual speech, >> the inflation rate is coming because we were here doing the show. i was reading some of what he down, not going up. said in the speech. and consequently we are that seemed like fairly kind of mainstream left wing type concerned you know, between the target rate and balance sheet economic argument. but that's how he sounded when activity, that central bank, he was asked about it. which is independent, these are the things he talked about, our points of view, i'm not whether health care, free college, that's what we hear

storming the ramparts here or from the other candidates. anything like that, i'm just >> and he wants to return to the saying we think that they went tradition maybe of bill clinton and barack obama. too far. the other thing is i think this reporter: kudlow saying they think the fed went too far with underscored for me is he is mad the december rate hike but the as hell. connell: about the accusations? president going further on the >> he is so ticked. record saying little while ago you can tell he's holding it in. that the fed should cut interest i know joe biden. rates. that is the rates portion of it, i'm not friends with him but i connell. have covered him, i know -- i'm there is quantity easing. very close with people that are in his inner circle on wall street. this guy has a temper. we heard the president express you could tell he's holding it in. you could just tell when he frustration with quantitative looked, someone asked him the tightening on the balance sheet. question, he was like you know, this is first time i believe we i never thought, you know, i'm heard the president to opposite not going to apologize. side of that, in his view, that the fed should engage in he's just holding it in. connell: he made a joke about it quantitative easing, something that we know was happening and you could say maybe that's the way to handle some things during the economic crisis of a that are thrown at you. in a democratic primary there is decade ago. some risk there, right, because this white house is painting a people could bring that up, say much different picture. this is no joking matter. this is not a crisis. this is a booming economy. i'm not sure i agree with that. the president thinks that >> the other thing to realize monetary policy should reflect what is going on in 2009, 10, also, though, is that he's going to get a sympathy vote here, too. at some point, you can see it 11. connell: thank you.

already among liberals in the burman at white house. this is so interesting we want media. i watch msnbc, and you can see, and cnn, he's getting -- "the to get immediate action. rate cut while the economy is in view" he's getting sympathy vote great shape. from the liberals saying lay off the guy, he really didn't mean nuveen's bob doll joins us on what you are saying he meant and that. it's a good question, bob, you are taking this, you know, traditionally if things are touching and affection to a great maybe that is not the time to cut rates, i guess the whole other level that -- by the argument based on inflation. way, are we going to walk around with our hands in our pockets what do you make of this, what all day if elizabeth warren the fed should do? >> i think the fed where it becomes president? should be. what the hell is going on? the language changed a lot, like connell: not that it wasn't already interesting enough, but never have a meeting without for whatever you make of what raising rates in the fourth quarter. now they will never raise rates happened to joe biden or how he handled it, the 2020 race just again, i'm exaggerating. got a lot more interesting. i think fed fund rate is sounds like he's in. >> i will say one thing. appropriate. we have nominal gdp, real plus don't be surprised if he doesn't go in. because these guys, at the last inflation running between four and 5%. minute, they say okay, five more that probably means where the women came out, i have to fed should be. we need more time to see how apologize to five more, am i numbers come out. going to have to apologize to the employment report today was good, it wasn't perfect. 400 women? it was good enough so. that i might have smelled their i think we move on with the fed hair? kind of sitting off to the side. it's comical but that's where we're going. connell: well, yeah, that was

interesting as his first chance let them sit there for a while. connell: to the point about the in public rather than the video jobs report, before it came out, he put out. at least in months prior there thank you, charlie. we will move on and talk has been discussion out there about the president because not and debate whether the economy only did he take a shot, one or is really slowing, maybe even two at joe biden today, he also heading into recession. went after the federal reserve. as you say, even if it wasn't great, it definitely was good in this is president trump on the south lawn of the white house as many respects. he was leaving to go to the that takes that talk off the border. table, right? he's still on his way there now. is that fair, recession talk? he touched on the economy. in fact, that's pretty much all >> i hope so. i mean our view all along was, he talked about. a lot in one way, shape or form about the economy, how well it's doing, particularly after the probability of recession anytime jobs report that we received this morning, but he said it soon, not probable at all. signs of slowing, yes we see could be even better and says it those. maybe time of a economic cycle would skyrocket if the fed cuts maturing some but no signs of rates. now, that was backed up by larry recession. i think we should leave well kudlow, national economic council director, who defended enough loan. we'll get corporate earnings the president's recent picks for here, what companies say about the federal reserve board. the businesses, what it looks like going forward. take a listen. a lot of concern in the >> presidents have been appointing fed board members for fourth quarter of course was years and years and years and related to things overseas. connell: right. >> those worries are still there years and years. when i was first here under some degree. reagan, he made some outstanding in the u.s. we're doing okay, appointments. thank you. connell: some of it comes here i that's the way of expressing his guess. you could pick out manufacturing philosophy.

which we showed on the screen we he's absolutely entitled to did see a job last month in that. connell: let's get to raymond james policy analyst ed mills manufacturing emmoment. and small business and the argument from the president, entrepreneurship council maybe more so from somebody like larry kudlow, saying we're not president carrie kerigan. worried about the economy now. we're worried about the future. that's what we were talking some on the political side say about, joe biden threw us off a might look for scapegoat if little. that makes 2020 very interesting, his comments today. things turn south. but we were talking before that if you're not that skeptical, almost exclusively about this. maybe that is legit worry. the president and larry kudlow i manufacturing jobs declines last guess in his interview with month. maybe that is the argument in stuart basically saying a couple terms of the federal reserve. things. the economy is great, but it things are okay now, but let's could be even better if it keep them okay? >> yeah, look, as i said, in my wasn't for this dark federal reserve. what do you make of this view it was good, not great. dynamic? that is what i would pick on, >> i think it's fascinating. manufacturing employment, retail when we first saw the kind of makeup of the federal reserve trade numbers were not great post the election, we quickly either. connell: yeah. >> it is not a sign of a perfect realized this president was going to have the ability to economy. we don't want one growing so choose six of the seven members strong where inflation is coming of the federal reserve board of back. inflation settled in. governors. connell: that is true from initially, for the first four investment point of view. you like it, goldilocks style, picks, we saw businessman trump getting very down the middle bob? what you're trying to say from investment point of view? guys, individuals who the market >> a bit so. i think that is a lot of what was very comfortable with. then the fed started doing the rally was, 20% move up from

things he didn't like, so now christmas eve was, we're not he's moved more towards the going to have recession. populist trump, picking these the economy is okay. we rocketed pretty fast but i individuals. think that is where we are. it's unclear whether or not the senate is going to confirm these now the market is going to need, two picks, but it's going to okay, show me what will happen have a lot of pressure on them from here. because the bigger issue here is i have recovered from what i that these are two big lost because we'll not have recession now. let's see how booed the economy anti-regulatory picks for the federal reserve that have terms that go, one of them, until and -- good the money and more 2030. so it doesn't matter what happens with the next importantly -- connell: bob doll, thank you. presidential election, you get the president was on his way to the border when he made those two individuals on there that comments to blake and his threat will keep the deregulatory of new auto tariffs that is agenda of this president in place as well as push for the apparently still on the table as well. take a listen. monetary policy he wants, he >> i may shut it down at some absolutely is going to fight hard for these two guys. point but i would rather do connell: it is interesting the two guys being steve moore and tariffs. mexico, i have to say has been then herman cain. very, very good, you know that over the last four days since i if you look at both of -- both talked about shutting down the political backgrounds and issues border. if they continue that everything will be fine. in terms of confirmation for if they don't, we're going to both and personal history and tariff their cars at 25%. herman cain's past that got him connell: former chief of staff for the border patrol with usedd out of the 2012 race for president, could certainly come

back up at a confirmation hearing, accused of sexual harassment and the like. to the point of the federal reserve, critics of the engle. president will say this is i will not should down but put supposed to be an apolitical organization and you are going in the opposite direction. tariffs on table? is it smart, do you think? >> yes, connell. >> well, i think he's picking tariffs can have an effect at who he thinks will serve well, beginning of administration even you know, in that role. before renegotiations of nafta, the administration tried some of you know, certainly both herman the trade initiatives and and steve, you know, pro-free economics directly to help on the migration issue from mexico enterprise type of guys and you and that was effective. know, on the issues in terms of we have unprecedented pro-growth policies, very cooperation behind the scenes with two success if i have favorable, you know, in that light. mexican administrations we did not have during the bush years though you know, there's two openings here, you know the or obama years. we need more though. president, you know, can, you this crisis is real. know, obviously is picking who he thinks will fill those roles mexicans can do a lot more to and be most competent in those stop transiting migrants from roles, and you know, we'll see central american countries at their own southern border, at what happens. connell: we'll see if they get all points in between. through. the other issue, though, is if they don't the message is clear, it will have consequences policy. i think that's interesting as well. if you're the person, you come on their border on the transit out today and you say two of legitimate goods and people things.

you say number one, the economy's great, everything's across the u.s.-mexican border great right now and you know, and the president's made that and there's a lot of numbers to very clear, whether it's a back that up, as i said most slowdown because we have to recently the jobs report, which wasn't a blowout number, it was divert people from the ports of a good number, just another entry, whether it is tariffs or solid economic statistic, and at using the threat of shutting the border down. the same time, you're saying the connell: i want to make one economic point. federal reserve should be i want to talk to you about what cutting interest rates, which you say by all accounts, and you know, obviously you're not numbers, you're right a real usually doing when the economy is great. what do you make of that crisis on the border. i want to get your expertise on particular part, forget herman that. on the point about tariffs, one cain and steve moore for a issue come up for the president minute. >> as i heard larry kudlow talk is, you mentioned nafta, the new about this, he views this as nafta, usmca, there was a side more of an insurance policy. i think that what they're saying is that, you know, the u.s. deal with mexico apparently the economy is doing great, but how do we get it to the next leg. first 2.6 million autos to come in there would be no tariffs on i also think what the president them. it wasn't in the deal but side is doing here is he's setting up agreement to that. a straw man that if he's going if you come out to make the into his re-election in 2020 and threat, you're the president, the economy is not doing well, that, maybe not your area of he's got someone to blame. expertise, in terms of economics connell: right. a little dangerous. >> he wants democrats on the if you promise one thing and you hill, he wants the kind of policies of the fed to be the threaten to go back on it, reason, not his own personal right? >> it is dangerous, connell. policies, not the fact that he's all the economic initiatives led a trade war, not his that would hit the mexican

government and people also have tariffs. it is something else and so why an effect here. connell: right. >> you're talking about he's pushing for them is that if affecting u.s. consumers, u.s. he doesn't get them, he has a straw man. companies, this seems to be more connell: i would say a lot of people, i mean, that's a very measured approach than shutting popular, what ed just said is a down the ports of entry that very popular read on this. would disrupt supply chains. i think for understandable reasons, because you know, logically speaking, this >> i get that. wouldn't be the time to necessarily cut rates right now. in terms of credibility it brings up questions as well. now, the administration does about the border itself, you make a counterargument that referred to, kudlow has come out mentioned, just about all our guests are saying this is a real and said this, it's about inflation and whathave you. crisis. what is the one thing that can how would you respond to that? all the president wants is kind we can do about it? of an insurance policy in case what one thing can be do an things go south? today to make it better? >> unfortunately without >> well, the president uses his cooperation from congress, changing some of our asylum laws bully pulpit to influence a lot of things and you know, but or central american countries there are things that he has we've done a lot of things we under his control right now that can help strengthen the economy, can do through executive action. and you know, on the trade resources we deployed through issue, on certainly getting to a the border and detention space a deal with china, i think will lot of that takes longer to strengthen the economy, build more detention space. strengthen investment, and -- connell: let me get to china, by connell: president declared an the way. emergency. that is supposed to be for the wall, or barrier. >> so there's things he has in

could some of that be used if his control right now i think they wanted to? that he can do to strengthen the >> all of the things that could economy and improve the be done with that money, a lot of those are long term things. confidence of businesses. connell: you brought up china. use some to pay for overtime for i do want to get to that. people, to deploy people differ certainly it looks like getting closer and closer to the possibility of getting a trade places on tdy duty. if you're talking about building deal. in fact, we had word today that a wall or detention capacity maybe liu he, who you see there that will take some time. next to president trump, might connell: diverting money from stay the weekend in washington, try to hammer things out. that, in other words to do this, for more humanitarian concerns so almost there? what do you think? >> i hope so. that seem to be immediate? we continue to hear the >> humanitarian aspect of it, president has made very positive we've seen sort of different comments about that but then factors at play here. while on one hand we want to use along comes lighthizer and economic incentives to cajole navarro saying well, we'll see. the mexicans into greater there's a lot of issues to work out. but they have to get this thing cooperation, we have taken away aid money to the central resolved. i think sooner rather than american countries. later, because it is impacting i think that may be a mistake. growth. we have always said the longer a lot of that money goes towards this goes on, the deeper the impact on the economy. supporting government capacity and besides that, you've got building of their infrastructure, their security agencies to try to do more. usmca. that's going to be a heavy lift. you got to get this behind you i don't think they're going -- i so you can move on to that. don't think the threat there then on to other trade helps them or taking away that agreements. money helps them control this again, i think that will issue. strengthen growth, confidence,

connell: that is interesting as investment, all the things we need for more robust growth in well. thad, thank you for bringing in your expertise. the economy. >> great to be here, connell. connell: usmca, there are issues with that in terms of the connell: we'll move on, obviously talk more about it as president's threats, especially the president heads to the what he said about the border and possible tariffs. border. what about china trade we will get into that as we negotiations could we see a deal continue. with china sooner rather than two-part for you. you agree that it's still a later. heavy lift in the congress in terms of getting that passed and president talking about four weeks out. what's your read on china? maybe they get it done sooner >> i view with everything in trump world is connected. than that. new developments from d.c. so kind of what happens with the coming your way next. economy, what happens with the mueller report, what happens don't us on "after the bell" at with the job report, all play into the negotiations on the 4:00 p.m. with melissa. usmca, all play into the steve forbes will be with us as negotiations on china. well. we'll be right back on so am i still anticipating a deal with china? absolutely. but am i thinking that this is "cavuto: coast to coast". going to get done near term? i'm a little more cautious. i think we might have to wait until the june g-20 meeting before trump and xi are in a room together. the other thing i look for there is that they are talking about maybe china has until 2025 to implement everything. so that gives me the feeling that whatever comes out of those meetings are probably more grandiose but maybe china

doesn't follow through. then with the usmca, i look at that and say yesterday, with the president saying we are going to give mexico a one-year deadline before we impose possible 25% this is the family who booked the trip. ♪ tariffs on cars, that tells me which led to new adventures that this president is totally and turned moments into memories. fine to go into an election with flights, hotels, activities and more cycle with trade fights, because he thinks that does really well for your florida vacation, expedia has everything you need to go. with his base, so he's going to threaten the withdrawal of nafta, he's going to threaten you wouldn't accept an incomplete job congress that if they don't pass from any one else. why accept it from your allergy pills? usmca, there's going to be dire flonase sensimist relieves all your worst symptoms, consequences. it is an us against them that including nasal congestion, he's setting up here. connell: we will talk more about which most pills don't. and all from a gentle mist that. thanks to both of you. you can barely feel. we appreciate you both coming on. we will talk more about it flonase sensimist. because the president is on his way to the border, arriving about two hours from now. he said this morning before he left mexico is doing better on the border, as he put it, but also to ed's point, vows there will be auto tariffs put in place on mexico in terms of cars coming in if it's needed. take a listen. >> every time they make a car, it's a 25% tariff.

that means we make money as opposed to lose money. we probably bring those car companies back into the united states. but if on the other hand it doesn't work, which it will, 100%, the tariffs will work, just like they have worked with steel. connell: lot of issues there. let's get to those issues. john is associate editor at the "wall street journal." good to see you. two days now of this on the auto tariff threat. first of all, what's your kind of big picture view of that as a policy goal, trying to get the mexicans to come around and whathave you, the president loves to use tariffs in that regard. >> yeah. it's probably an easy threat to make and it sounds big. i mean, closing the border ifor another 150 years. the fire going sounded big until he reversed ♪ himself on that, when business said what are you talking about. to inspire confidence through style. our economies are so integrated, ♪ our logistics, supply chains, we i'm working to make connections of a different kind. are kind of one economy down there. ♪ you can't do that. once that became evident, he i'm working for beauty that begins with nature. sort of backed off. the tariffs, especially when you are saying well, if you don't do ♪ it now, i'm going to put tariffs to treat every car like i treat mine. on next year or -- ♪

connell: it wasn't clear what he at adp we're designing a better way to work, was really talking about. we think it came down to so you can achieve what you're working for. basically two threats. one on the border now, i'll do ♪ this right away, if you guys don't comply, the other on the threat of illegal drugs coming in and you have a year, i think. it was unclear exactly what the president was getting at. >> look, it's a mess on the border. i think everybody would agree with that. the president is trying to address it. he's trying to address it on the u.s. border but also address what mexico is doing on its southern border which is also a mess. mexico is dealing with the fact that central america, there's a drought, there's, you know, people hungry, they are migrating because they are looking for some way of staying alive. they are coming up through mexico and mexico is trying to moderate all this and also create safe passage for these people through the country. connell: true humanitarian crisis. >> it's a mess, whether it's at the level of an emergency and crisis that the president says it is is another matter. connell: he's declared an

emergency, right? >> yes. connell: i was trying to ask this earlier, he could -- he wanted to get funding for a wall, for a barrier. he could take some of that money, no, and move it into this for the humanitarian mess and he wouldn't have to rely on the congress as much. how do you resolve this long-term? you put pressure on mexico with threatening to close the border, threatening to put tariffs. what is mexico supposed to do? it has this population movement and you know, you deal with more climate change, it's going to happen more often. it has population movement through its country. the long-term solution to this is some kind of change in u.s. immigration policy that both the president and i think the republicans and democrats in congress want as well. it's a little bit longer -- connell: you would think. >> you would think. but they can't get -- they can't seem to get together on it. the short term problem is not going to be solved by threatening to close the border or putting tariffs on. putting tariffs on mexico puts connell: we have word chinese officials are prepared to stay in washington, d.c. through this pressure on mexico, it's not going to change guatemala's weekend. as president trump has been decision --

signaling the u.s. could be connell: by the way, on that, weeks away, maybe four weeks there is a credibility question on the tariff issue as well away from the trade deal with china. because not as part of the new edward lawrence of course is on nafta usmca but as a side deal, this he is outside the astrid as we understand it, to that, there was an agreement on the reps's. first 2.6 million autos to come in there would be no tariffs. i -- u.s. trade rep's office. the president is saying what are you hearing. essentially you know what, this is more important than that, so reporter: it is raining today. trade didn't damper spirits at you agree with one thing if you u.s. trade representative's are the president, then you office. threaten to throw that out for u.s. trade representative robert another priority, that could create some credibility issues lighthizer came out to create in further negotiations whether it's with mexico, canada, with vice premier liu he. europe, even china. >> that's right. made a joke about not having a he doesn't want to threaten the new deal with mexico and canada. umbrella. he doesn't want to put that at the chinese worked all night risk. that's a much bigger feather in long back and forth with his cap if it's finally approved and all goes through. beijing. they are making plans to stay the tariff issue has kind of been thrown into this mix. here in washington to come to a probably the longer term solution is some kind of conclusion of this agreement. international intervention led the vice premier comes to consensus on the text of the by the united states, funding agreement. they have a new consensus he some kind of employment projects says, on the text. or settlement projects for president donald trump saying we people who are destitute before should know in the next four weeks if we could have an they come into mexico. agreement.

once they're in mexico, before he adds he will have a summit they get to the u.s. border. but that takes a lot of with president xi xinping should cooperation with congress. the deal get finalized. we're not seeing that. >> the china meeting was a big connell: we're really seeing none of that. good to see you. success. i think we're going to have -- i as we move on, if this isn't look we'll have a very good enough, there is still a battle going on in congress about the relationship. i don't want to predict a deal president's tax returns. that continues, whether or not or not a deal but we're very that can catapult the issue into well along. federal court. we'll get to that next. we negotiated the two hardest points very successfully for our country. reporter: white house economic visor larry kudlow said they have gone farther than they ever have puts more issues on the this is the family who booked the trip. ♪ table are all positive signs. which led to new adventures and turned moments into memories. robert lighthizer says there are still major issues to work out. with flights, hotels, activities and more the chinese want tariffs gone for your florida vacation, never to return. expedia has everything you need to go. the u.s. would like to keep tariffs to make sure china follows the agreement, sticks to ifor another 150 years. the fire going the agreement. if the protections on ♪ intellectual property come through with this with to inspire confidence through style. enforcement this could be a ♪ landmark deal of our time. connell: wow, great reporting as i'm working to make connections of a different kind.

♪ always, edward lawrence. i'm working for beauty that begins with nature. a little rain in washington. add one more point, secretary of ♪ to treat every car like i treat mine. state mike pompeo addressing the goal of the trade talks. ♪ this is what he said earlier at adp we're designing a better way to work, today. >> mission that secretary mnuchin and ambassador so you can achieve what you're working for. lighthizer have to get the deal ♪ done in a way, after the signing ceremony, american companies can count on the fact they can do business in china without substantial risk their ip would be stolen and have a tool to recover any lost. connell: we have former assistant commerce secretary of manufacturing under president obama with us right now. that is kind of the question, right, nicole, is that the president may as an enforcement mechanism to edward's earlier point, keep tariffs, threat of tariffs. businesses don't like that but to the secretary's point, if you do have a deal you can do business in china, businesses do like that. so how do you see this all

balancing out? >> thank you, connell. it is a very complex issue. certainly tariffs give the u.s. some leverage to insure that the, any agreement china makes is enforceable. one of the things we talk about a lot with our clients at the institute is impact of tariffs on global supply chains. it is very important that you consider the fact that consumers are hurt when the inputs to manufacturing, for instance in the u.s. come from china, many of them come from china. that drives the costs up to consumers in the u.s. for products. connell: right. >> so it's a delicate balance, i hope that balance will be struck. connell: one of the things you bring up part of the rising costs and businesses under pressure as a result, if not tariffs what would be a better option? people say stay in tpp or go to

the wto. are there legitimate better options in your view that would have brought the chinese to the table, as president trump whether you agree or disagree how he is handling it, he has done more than that than his predecessors. he gotten to the point for a discussion and method of choice is the tariffs? >> that is right, connell. that is a very good point. i will give the trump administration credit bringing the chinese to the table. the question is how long the tariffs stay in place? they are market distortive. they hurt china and the u.s. there has to be a point which the biggest week in television is almost here. xfinity watchathon week. tariffs are no longer on the starting april 8th, enjoy free access table, we look at other to the best shows and movies from hbo, showtime, epix and more. enforcement mechanisms. connell: they might for a while, what! whether it's more jaw droppers, usmca, deal on aluminum tariffs, a lot of people thought they standing o's upon standing o's or tv's biggest show stoppers. were gone as soon as we got a get more into what you're into. deal but they are not. >> that is true. one of the things that concerned get ready to watch with xfinity x1 or the xfinity stream app. me about the steel and aluminum tariffs they were levied under a xfinity watchathon week. national security framework. so we really have to be careful free starting april 8th.

in terms of having credibility with our allies and our boop! strategic, our strategic it's a revolution in sleep. alliances to not cry wolf so to the sleep number 360 smart bed, from $999... speak as it relates to national senses your movement and automatically adjusts security by using tariffs. on each side to keep you both comfortable. tariffs are a great lever but they're market distortive. and snoring? i'm hopeful they will not be a how smart is that? part of the equation. smarter sleep. so you can come out swinging, connell: thank you, nicole, for your point of view. maintain your inner focus, and wake up rested >> thank you. and ready for anything. connell: on this issue, nicole sleep number is ranked #1 in customer satisfaction lamb-hill. former vice president joe biden with mattresses by j. d. power. has been speaking. save $400 on select sleep number 360 smart beds. he is making news. only for a limited time. just over the last few minutes as a matter of fact the vice president responding to the scandal that has surrounded his potential entrance into the 2020 connell: well, an additional race. earlier today president trump software problem has now been identified in boeing's 737 max was asked if joe biden is a threat to him. so we have new comments from jet. the faa is ordering a fix before biden. we have those comments from the the planes can fly again. president all straight ahead. for more on this latest development, jeff flock joins us from the chicago bureau. what do we know, jeff? reporter: in addition to that, breaking news, connell. within the last hour, reuters now reporting that boeing is considering a production

slowdown. you know they have continued to make the planes, the maxes, even though they haven't been selling them and haven't been delivering them, but now potentially a production slowdown. no comment from boeing. the stock today, not doing too well. yesterday in the face of bad news, it did pretty well. today, not so much. here is the latest on the investigation. as you report, this is part of what's bringing the stock down today as well, that second problem, second software issue. this is separate from the anti-stall system that has been implicated in both of the crashes. this affects the flight control hardware. boeing says in a statement that this is a minor problem, relatively minor problem, but apparently it is essential to getting the planes back in the air. as to that main issue, that is to say, that mcas system, the company in some ways yesterday took responsibility for the crashes and i quote dennis mulenberg, the ceo of boeing, when he said it's apparent in both flights that the anti-stall

system known as the mcas activated in response to erroneous angle of attack information. sort of sounds like taking responsibility there. but in the next breath, in a tweeted video, he seemed to suggest that perhaps the pilots could have done something to avert it if they could have. listen to what he said. see if you are hearing what i'm a business owner always goes beyond what people expect. hearing. >> the pilots have told us that's why we built the nation's largest gig-speed network erroneous activation of the mcas function can add to what is along with complete reliability. already a high workload then went beyond. beyond clumsy dials-in's and pins. to one-touch conference calls. environment. it's our responsibility to beyond traditional tv. eliminate this risk. we own it and we know how to do to tv on any device. it. beyond low-res surveillance video. reporter: problem with the pilots or the problem with the to crystal clear hd video monitoring from anywhere. plane? obviously boeing would probably like it to be the former, not the latter. gig-fueled apps that exceed expectations. one other thing we do know and comcast business. that is -- about the crash, beyond fast. ethiopian transport ministry 2,000 fence posts. report yesterday, they revealed 900 acres. 48 bales. the last seconds of the crash, the plane was traveling, it all before lunch, which we caught last saturday. didn't just fall out of the sky,

it was traveling at 575 miles we earn our scars. per hour when it crashed into we wear our work ethic. the ground. it made a crater three stories we work until the work's done. deep. and when it is, a few hours of shuteye to rest up for tomorrow, connell: they basically -- wow. they basically took the blame the day we'll finally get something done. off of the pilots in the ( ♪ ) ethiopia report. that's what muilenburg's comments are kind of interesting. at least the way he phrased it. i know he said in the end it was their responsibility. reporter: you got to be careful, obviously, but he's suggesting that perhaps something could have been done by the pilots if they had reacted differently. investigation will determine that, presumably. connell: all right. jeff, thanks. jeff flock in chicago. meantime, the president pushing back against congressional democrats who have been requesting his tax returns. >> hey, i'm under audit but that's up to whoever it is. from what i understand, the law the day we'll finally get something done. breathe freely fast, with vicks sinex. is 100% on my side. connell: 100% on his side. my congestion's gone. he also signaled maybe the i can breathe again! ahhhh justice department could get involved.

we have former justice department attorney with us now, i can breathe again! ughh.. john yew. can you explain, we have been vicks sinex, breathe on talking about this since the campaign but since the president is in office and this request a cockroach can survive heresubmerged ttle guy. has come in from house ways and underwater for 30 minutes. wow. means, what should happen next? yeah. >> this is very interesting case, maybe unprecedented. this is not the usual provision not getting in today. where congress, say, the house judiciary committee wants to terminix. defenders of home. subpoena the justice department and barr for the mueller report. this is actually a provision of the law that only specifically applies for the tax writing committees of congress, the house ways and means, senate foreign -- senate finance, to ask for the tax information for any individual taxpayer and it has to do with making sure i believe that the irs isn't cutting anybody any special deals, if there's no graft or corruption. as far as i know, it's never been used to ask for the tax returns of a sitting president. connell: how would you handle it if you're the president's lawyers? what would your comeback be? >> first i would say you don't want to break this norm of using this important law which was passed back in the harding

>> i just want you to know i have permission to hug lonni. administration after the teapot dome scandal, to turn into a we have permission. weapon of partisan politics [laughter] because suppose the senate decides to ask for hillary [cheering] clinton's tax returns or the by the way, he gave me clinton foundation's tax returns? permission to touch him. this could really escalate into a terrible use of the tax power [laughter]. connell: those are new comments just in, just a short time ago, to harass people which is what we are supposed to get away from as a matter of fact, from vice e after watergate. united states, joe biden. connell: what about -- you would these are his first public use precedent but what about if they say you know what, i get it remarks, other than the video he put out. but at the same time, the law's his first public appearance the law and we do have the right since the allegations surfaced to ask for this. is there a way to come back from of inappropriate behavior over that? >> it's a very good question. the years. it doesn't look like the usual he's chosen humor i suppose, protections for presidential secrecy apply because i think getting attention a, a lot of it on social media. these are about his tax returns when he was a private citizen. for some of the jokes we showed it's hard for him to say i have you at this event in washington. executive privilege. president trump meanwhile he might go to court and say earlier in the day before all of this he hit the former this is some kind of invasion of privacy but i actually think it vice president on something different. that would be policy. looks like the law is mostly on take a listen to the president. >> i just don't see him as a the side of congress on this one. connell: we will probably see threat. he has been there a long time. them. the political question's a his record's not good. different question. he would have to run on the you could see them, there will

obama failed record. be nothing there and it could you look at what happened with blow up in the democrats' face because they have been saying so many different things. for years we have to see these tax returns. your prediction is we see them. north korea, the middle east, the economy, never got going. >> it could take years, though, if the president wants to fight no, i don't think joe's a it. he could try to fight it in threat. connell: try to cover both sides court. i think congress would win. connell: let me get you on one of that. other thing. adam palmer, coauthor of we talked about the border, how you will fund things, the "politico"'s playbook. first on idea the vice president emergency declaratiodeclaration. clearly using humor to take on 20 states have filed a motion to try to block the president from the allegations that sure is fasted against him. diverting funds for a border are you surprised that is the wall. you get the idea of what he's route he went? running into in terms of, you what do you make of that? know, roadblocks with all of >> i do think it's a surprising this. choice given the fact of the what do you know about this particular case and the serious of the nature, the video legalities here? >> you know, that one i have he put out earlier this week he said he learned from his studied a fair amount. i teach that issue at berkeley. mistakes he wanted to move it looks to me like the forward. this clearly was a bad attempt president ultimately will win trying to make light of that lawsuit, but all these something. i think what a lot of advisors states have to do is find some that i've been talking to on the trial judge somewhere to enjoin democratic side said, he has a the transfer and then it's going pretty strong record on some to get accelerated and get to women's issues, violence against the supreme court pretty women's act, campus sexual quickly. i think the president has precedent on his side, as it assault. you didn't hear him put more were. connell: he talks about the ninth circuit all the time. after stronger message on this that's your point, they will go there but then in the supreme

court he's got the law on his it was more of a laugh track. side. >> if you remember, this is the connell: the president is one same thing that happened with thing, he has to first get the so-called travel ban. through a primary, right? he lost in all the lower courts but in the end, the supreme if you're one of the other candidates running for court upheld him because it was president, do you go after the consistent with past presidential practice. vice president, say this is no i think this border declaration joking matter? will be upheld by the supreme do you think we'll see stuff court, too. like that next few days? connell: good to talk to you, >> it wouldn't surprise me. john. new details on joe biden's joe biden clearly or has been possible announcement. the front runner in this very certainly if you heard him earlier it sounds like he's large field. getting set to run for so certainly when they try to president. take dings on him, so far he also addressed the allegations in his own way that democrats have been pretty have come up against him. we will have more on that when judicious saying this isn't we come back. you've had quite the career. disqualifying for him but they haven't said he should get out of the race. it will be interesting to see what someone like kirsten gillibrand says after this appears. connell: after we -- i haven't seen the actual speech. i'm looking at some of the notes, tweets, what have you, but from what i can read into it, on policy, the former vice president seemed it tact fairly far to the left. everybody talks about joe biden being a centrist, health care, free college, that kind of thing. these seem like fairly

mainstream liberal positions in line with other candidates. so i don't know if this yeah, i've had some pretty prestigious jobs over the years. so-called centrist lane is there or is that something that's hey, news producer, executive transport manager, i need to get into the primary and a beverage distribution supervisor. to be aggressive with the base type of deal? now i'm a director at a security software firm. >> i think it is probably reflective of two things. one he is running -- if he wow, you've been at it a long time. thing is, i like working. decides actually to officially get in the race it will be a what if my retirement plan is i don't want to retire? primary. two, it is definitely reflective then let's not create a retirement plan. of where the democratic party is now. the democratic party is not the let's create a plan for what's next. i like that. party when biden in the '90s get a plan that's right for you. td ameritrade. and early 2000. ♪ "medicare for all," free college tuition, those are talking points a lot of base in particular, even a lot of democrat party have now gotten behind. connell: the president, he says he is not a threat. the numbers before all this, the numbers showed if anyone is he would be the biggest threat. so do you think the white house or president's campaign team does still see joe biden as their biggest one-on-one threat? >> i think he is one of the most competitive challengers to the president, whether it is bernie

sanders, whether it is joe biden in polls, really neck-and-neck about where their popularity is with the democratic party, what you would think for a general election. so certainly i think the president, it is not surprising he will not say anybody is necessarily a big threat to him because he thinks he will win re-election hand dilly as he said many times. certainly the fact he went on twitter attacking him, showed he is paying attention to what happened with joe biden. connell: people used to say that is how we know president is paying attention, say elizabeth warren, he makes a joke he knocked her out too soon. this whole weekend about whether joe biden making these types of jokes is the right thing. that keeps the story in the news for better or worse. anna palmer. good to have your analysis of all this. we talk about a centrist, if there is a true century, right, the guy that appeared on fox news channel at a town hall, howard schultz, the stormer ceo of starbucks he tried to make

his case of a 2020 run. very interesting to watch on this, particularly on the economics. hillary vaughn joins us from kansas city where she was covering all of that with the latest. hey, hillary. reporter: hey, connell. the former starbucks ceo he wants all americans to have access to things his starbucks employees had access too, quality health care a living wage, a college education. he is making no apologies for considering an independent run in 2020 for president even though democrats have been really critical of him for weighing this decision. he says the biggest threat that 2,000 fence posts. would cause president trump to 900 acres. be elected again is not a third 48 bales. party run by him but actually all before lunch, democratic socialists like which we caught last saturday. we earn our scars. bernie sanders. we wear our work ethic. >> i'm not going to be a spoiler. what does that mean? we work until the work's done. first off a democrat runs who and when it is, a few hours of shuteye to rest up for tomorrow, resembles bernie sanders says he the day we'll finally get something done. is democratic socialist, ( ♪ ) donald trump will get reelected.

lifelong republicans will not vote for bernie sanders but they might vote for somebody who is an independent, a centrist. reporter: schultz is really trying to pitch himself as a bipartisan problem solver that will bring both parties together. he spent a lot of the town hall bashing both parties. he will have a lot of ground to make up if he were in the white house to mend some of those fences. he also hasn't decided if his running mate would be a republican or democrat. connell? connell: thank you, hillary vaughn in kansas city missouri for us. to add to hillary's reporting to mr. schultz's town hall last night one of the things that he said, maybe, maybe the u.s. lost its best chance to get china to -- new concerns that i was cooperate. going to run for president back i want you to listen to this. in thanksgiving, my intention if >> when president trump took the i were to run would be the last u.s. out of the the trans-pacifc person to announce. connell: joe biden earlier answering questions from reporters after a speech in partnership, that was a washington, d.c. tremendous strategic mistake. talking as you heard about when there were 19 countries who were he might announce a possible run going to be part of that in 2020. great america alliance

consortium. we would have been able to co-chairman eric beech joins us convince china to play by the along with danielle mcloughlin rules. china is not an enemy of and the washington examiner's america. russia is an enemy of america. beckett adams. china is a fierce competitor. connell: forbes publisher rich first on the timing of an carl guard on this. announcement, certainly sounds like he's running and wants to the competitor, rather than the be the last guy in. what do you make of that strategically? >> i think that's a smart play. enemy that has a lot of talking. right now there's about every i thought the tpp stuff was human being in the world running for the democratic nomination. interesting, how the last by coming in last, he's campaign went down. nobody was for that by the time essentially the steve buscemi we got to the election, what do you make of howard schultz, character. don't say anything, let everyone particularly his approach on else battle it out and when they china here? >> first of all i think howard are all bleeding out, you can enter in and be basically schultz, great american, unscathed. connell: the other thing he did today was address in his own entrepreneur, tremendous backstory, poverty from the way, as i said before at the outer boroughs of new york. last break, the allegations of inappropriate behavior that have steve forbes on later, fabulous come up, have been leveled against him over the years and interview on steve's own podcast. i don't know where he is getting he turned it in a joke. information on foreign policy on he basically said when he got china, they're a competitor up until the point perhaps where onstage that you know, i had permission to give so and so a hug, it was a young child there, they should down shipping lanes had his head on the shoulder, in the far east. they're a competitor up to the point where they use their said i had permission to touch

rapidly-evolving progress in space technology to wipe out him. the crowd laughed but what do you make of that strategy of not some of our satellites. coming out and apologizing or when do they become an outright talking about it or even enemy? they have to be looking ad if ignoring it, i guess trying for they're moving in that humor. that is smart? direction. >> i don't think it's i think howard schultz is a particularly smart to be joking little bit compromised here about it because that could get because starbucks has 3500 plus played over and over and over stores in china. again. the announcement he put out connell: right. he pointed that out himself he yesterday which was sincere joe uses it to say i'm experienced i biden that everyone knows, the know the market but you're empathetic, emotional joe biden we have known for decades and right. his company, that he used to decades, that's the joe biden that will be able to slide off run, obviously had a big stake, all these allegations and his company is involved in nicknames which we are seeing china. now we say you're right on that, the right come up with very very strongly because they know joe that is obviously we can debate biden is at least seven points the enemy versus competitor part ahead and hasn't even announced of it but what about the yet. they want to take him out. connell: that's the other issue. approach? because in the last campaign this completely got lost but the president comes out and says i don't think he was asked about it early, said i don't think this trans-pacific partnership, biden's a threat, but to the trade deal there were danielle's point, the polls people, not those running but would suggest otherwise. other people said if you really he has polled well. want to isolate china, get all we will see how things go when, the other countries together to i think it's fair to use the do one trade deal, leave the word now, when he gets in, chinese out of it, it would be us versus them, it will put us certainly sounds like he's running. how do you view mr. biden in in a better position.

trump was against it. terms of being a threat to the hillary was against it. president? we pulled out of it, schultz is >> he certainly is a threat. he's very formidable. said that is mistake. but it was the democrats who is he right about that part? have come out first against joe >> i think he is right about that part. biden. when you visit vietnam, i wonder how he's going to fare in a democratic primary. vietnamese love americans. i don't know that he will be maybe that is not widely known able to get to the general in this type of environment which as it should be. the democrats made this bed, now you're basically talking about they have to lie in it. the southeast asian countries as a unit. that is 600 million people in connell: that brings up the part about joking about these population. i think it was an unforced error allegations. that would be more of a threat to him in the primary, right? by the trump administration. that said, i think the hard ball i was wondering whether one of these other candidates will come the trump administration is out over the weekend and go playing with china now is pretty after him for this, saying you can't be joking about it. artfully managed. he's got to deal with it again. connell: that is -- we're almost >> not only that but he there, we think. litigated this during the we're being told that we are kavanaugh hearings and the me too movement. almost at the point where there other candidates have as well. is a deal. when you say artfully managed, what do you mean specifically? you cannot have a hypocritical what do you think the president tone when it comes to this type has done right to get to this of behavior. we ran an ad against him because point? >> china appreciates strength. of his hypocrisy. they don't get into all the do i feel joe is a good man, cultural issues, the stuff that causes twitter to blow up and yes, i do. but he was hypocritical when he get certain tv hosts from the attacked republicans over supreme court nominees over the same type of allegations that other side all up in arms. were found to be unproven.

connell: danielle, you go first. they appreciate strength. they can deal with trump. >> it's not. they see him as a i think this is what we are missing in this conversation. straight-shooter. there's a very, very bright line it's a little bit simpler that way. i think there is nixon in china, between what joe biden is go back to a 1970s analogy here, accused of and what brett kavanaugh was accused of, what trump may be the one that can pull this off. the president has been cued s we'll see, i hope. the economy is slowing down a of. to put these in one bucket and bit. say they are the same thing is if we want to get back to 3% unfair. even tucker carlson of fox news plus growth i think we have to has said the same thing. take trade worries off the table, talk to any ceo of any multinational company in the >> do you not believe lucy? united states they will tell you they will he will feel a lot do you not believe women? better about investing in the connell: i think her point is future which leads to growth if that it's a different you take trade worries off the allegation. table. connell: i think that is pretty >> actually, i do believe her. much widely agreed upon, even she said she felt uncomfort though that is almost positive because they're assuming a trade deal will get done or hoping whatever word you want to us. avenlt sheuncomfortable. all right, rich, always great to connell: he tried to address it in the video he put out today. talk to you. thank you for coming on today. he chose a different way of >> thank you so much. going about it. connell: rich karlgaard. his strategy today of going up boeing, finding a new problem there, making a few jokes, with the 737 max planes. trying to make light of it and what that means for the move on, what did you make of airlines, to the investigation that? >> i think from a political

of ethiopian crash. we'll have that when we come standpoint, strategically, not a smart play. back. same thing as the president came out and started mocking him, the hey, who are you? president of all people mocking oh, hey jeff, i'm a car thief... someone for inappropriate touching, ha, ha. what?! i'm here to steal your car because, but his response to that was to well, that's my job. what? re-tweet the president's meme what?? what?! the president tweeted of joe (laughing) what?? what?! what?! biden. connell: i saw that. [crash] >> that's not the smart play. what?! haha, it happens. now biden has shared that video and if you've got cut-rate car insurance, with his thousands if not millions of followers. paying for this could feel like getting robbed twice. likewise going to this thing so get allstate... today and joking about it, yeah, and be better protected from mayhem... that could still get played over and over again, him saying i asked them for permission to like me. ♪ touch him. that will get clipped and played. not the smart play. ifor another 150 years. the fire going he should have just simple apology, move on. ♪ that would have been the clever one. to inspire confidence through style. connell: a lot can happen, more ♪ people could come out, whatever i'm working to make connections of a different kind. the case might be, you know, ♪ they might say to joe biden this i'm working for beauty that begins with nature. is not a good idea. do we all agree as of today it ♪ certainly looks like he's to treat every car like i treat mine. running and that if he does, all of these things on the table ♪ that he's the most formidable at adp we're designing a better way to work, democrat to go up against president trump, is that fair? so you can achieve what you're working for. is that how you see it right

now? ♪ i know it could change. >> of course it can. we see this in every election cycle, predictions are almost pointless. when you rent from national... it's kind of like playing your own version of best ball. i do agree it's both democrats and republicans trying to knock because here, you can choose any car in the aisle, him off because he is the most even if it's a better car class than the one you reserved. formidable opponent to the president. i want to put this picture in so no matter what, your mind. think of trump and biden on a you're guaranteed to have a perfect drive. debate stage and this inappropriate behavior, these allegations come up. [laughter] joe biden is going to say i lost family members, i lost two children, i have this empathy, i have sympathy for people when they need to be touched and (vo) go national. go like a pro. held. >> he's got to get through the democratic debate stage first. see what i did there? >> a lot of women and if they really want to play hardball with him, they are going to do that. connell: final word on that. to me, that's the challenge. first democratic debates, whatever it is, couple months away. that's when this will still be fresh in people's minds and a lot of people can go after joe biden for it. i understand the argument, him versus the president. but he has issues in his own party, right? >> yeah. he has to get there first. his policy prescriptions have taken a turn to the left because of this democratic primary.

now you have this type of behavior that he needs to address in the primary. i don't think you can get away with it just saying i was there, i'm an emotional person. i think you have to address these allegations and there seems to be more women coming out. i look forward to the equity diddic pridid -- the democratic primary debates. connell: thanks to all three of you. new signs as we move on that maybe a china trade deal could be close, nas veas in very, ver close. that's next. our grandparents checked their smartphones zero times a day. times change. eyes haven't. that's why there's ocuvite. screen light... sunlight... longer hours... eyes today are stressed. but ocuvite has vital nutrients... ...to help protect them. ocuvite. eye nutrition for today.

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brighthouse financial. build for what's ahead℠ when you think of miami you think of,you know,rich,glamour but 5 miles away from the beach there's people who have never seen a beach. i was confused why somebody was in this situation especially in america. ♪music:oooh,oooh,oooh connell: new numbers are in shows home prices hit a new record and it is a round number so when i started joshua's heart foundation record. the way it works the median list it was a key thing to be able to engage youth in the foundation. price for homes around the country for mid-march crossed to help them participate. ♪music:oooh,oooh,oooh $300,000 for the first time. first time with a median price i think passing on the torch and lighting a new flame of $300,000. so brings up larger questions. in another person to do good is probably the point of the one of them is now is the time, bigger missions i have. good or bad, people who are ♪music:aha,aha,aha retired, close to retirement to downsize? "barron's" publisher jack otter joins us. always a tough question for so we are each making a bigger difference. people timingwise. we thought we would ask you with the particular number out there, ♪music:oooh,oooh,oooh but what do you say? >> establish a couple things that's it! first. first of all the housing market just giving back and producing love for everybody. is very much a regional story. now during the housing crisis almost everything but maybe

brooklyn fell in unison. that was actually extremely unusual. normally it is very much a being with the paralyzed veterans of america, they have shown me so much is possible. locale locale thing. people should be worried about (upbeat rock music) that number. and i'll never walk again, to some people 300,000 sounds but that hasn't stopped my ability to succeed. like a high number. to others you can't buy a shack i went from laying in a hospital bed dying for that in their neighborhood. that is number one. number two, this is the most to being a collegiate wheelchair basketball player, important for individuals. a professional wheelchair basketball player, do not try to time the housing market. we say do not time the housing and it started with that one moment where (snapping) market. what is the worst thing that there is life. happens, hold on to the stock, the pva has taught me to be unstoppable in life, you hold on little too long goes down. connell: even someone with never to give up. retirement age, retirement time, i'm strong. that is a time of your life is i am unstoppable because the paralyzed veterans of america changing a lot. it is personal considerations, is by my side, and for the rest of my life, rather than timing in those i will be unstoppable 'cause they are there with me. instances, right? >> that is what should drive how many falls i take, i still get back up and play the game. decisions, personal considerations you're right. i'm a competitor. worst-case scenario you settled paralyzed veterans of america, we. [shaun] we. [latoy] we are unstoppable. into your new place sooner than you might otherwise which is probably a good thing. if things turn out badly, you

could be stuck with the white elephant, it is too big. i speak from person mall experience. my parents waited too long to downsize, we have forced sellers of a house if someone wants to get in touch with me. connell: that is not funny but unfortunate, a lot of people end up in the situation. [shaun] we. a cockroach can survive heresubmerged ttle guy. if it is not timing, interest underwater for 30 minutes. wow. rates, what have you, what yeah. considerations, what financial considerations should go into the timing of all of this? are there any? >> absolutely. not getting in today. so the most important thing is terminix. defenders of home. to look at your total financial situation, figure out, how much money you have to live on, and people, sometimes look at this the wrong way. stuart: ideal situation, you shouldn't . connell: we have heard from president trump that he's aiming be thinking, oh, i have god x-amount of money. for a tedeal with china over th i expect to live 20 years, next four weeks and china trade divide the number by 20, i negotiators are apparently getting set to stay the weekend in the united states trying to should make it. instead if you could possibly hammer things out maybe sooner than that. pull it off, only taking 4% from american apparel and footwear association president and ceo is your, something called the 4% with us in the studio on the rule, varies according to age, administration's trade policies. if you can get away with only

taking 4% a year out of your you say they are proof that tariffs are no good, i assume. that's what almost every retirement account, then more or business leader tells us. less, i'm oversimplifying you >> well, i would tell you should be able to, your money tariffs are no good because they are no good and i can back that should outlast you. but another important thing is, up with 2002 steel tariffs, 2009 realize interest rates are low right now. mortgage rates have come down to tire tariffs, 1932 smoot-hawley. just over 4%. so that also makes this an tariffs just don't work. connell: in history they don't opportune time. you can sell the house for more, work. hold on a second. looks attractive to buyers. but what? >> but if this whole trade if you're buying a new place with a mortgage, ideally get a fiasco goes away with china, it better rate. sell the mace to use the cash so brought china to the table and you don't have mortgage as we get a good result and it goes away -- retiree, but not everyone can do connell: got to give the president credit if that happens. it. connell: two things. because a lot of people, this 4% rule, hope to get the 4% will never work, it will only mortgage rate. >> thank you, anytime. raise costs, companies are connell: jack otter from telling us that indeed it has, "barron's." we get to the elon musk story as costs are going up and it did hurt, growth would probably have we continue. maybe a bit emboldened been better last year if it yesterday. wasn't for the trade policies. a judge asking him to work out things with the sec take a at the same time to your point, couple weeks. maybe it does work out and some say the best he could hope people will have to come back for. charlie gasparino was there at and say you know what, he was the courthouse. kind of right about some of he is coming up with new details on that. we have new comments in from this. >> there are pluses and minuses

to everything. if we get the six categories joe biden. we'll be right back. they are talking about, if we do away with the transfer of technology and theft of look limu. a civilian buying a new car. intellectual property, if there's a little more of a peg let's go. to the currency, we get more action -- connell: lot of ifs. limu's right. >> and we get services, it's a liberty mutual can save you money by customizing your car insurance, huge win for the administration. so you only pay for what you need. oh... yeah, i've been a customer for years. connell: what worries you the huh... most? in other words, they keep talking about enforcement, they talk about all those issues. are you worried about one thing only pay for what you need. maybe being left out or maybe as ♪ liberty. liberty. liberty. liberty. ♪ an enforcement mechanism, some of the tariffs are left on? >> enforcement is a great way to doubt whether this is successful or not. if it's successful, it will be successful. the enforcement will be, you know, we have a whole history of things not being enforced. the moral of the story is if you want to criticize, i think you can criticize it on the enforcement. you won't know right away. you can also flip it around and say look, we've got a deal.

the one worry we have is severe long term damage to the supply chain. i know it's affected our industry seriously. connell: tell me how. >> when you build a really good supply chain, you look out for human rights, worker rights, the environment, sustainability, all the things that are important to the future, especially product quality. then when you rearrange that supply chain, disrupt it because analysts who i'm sure you have had many on this program love to call our member companies, who are public companies, and say what's your china exposure. you need a good answer to that. if you are 80% in china, that's not necessarily a good answer. i can customize each line for soeach family member?e connell: you change it and never change back? >> well, that's the problem. yup. and since it comes with your internet, you can switch you start moving it out so when wireless carriers, you move it out, you get bumper and save hundreds of dollars a year. are you pullin' my leg? car inflation because you move nope. you sure you're not pullin' my leg? out, you bump somebody out of a i think it's your dog. factory, they get bumped oh it's him. good call. somewhere else, you start a

get the data options you need, and still save hundreds of dollars. deterioration -- connell: you see a lot of that do you guys sell other dogs? already? >> we know it's happening already. now that's simple, easy, awesome. i was in china several months ago. customize each line by paying for data by the gig i thought maybe there would be or get unlimited. some erosion. and now get $250 back when you buy a new samsung galaxy. there was really what we call click, call, or visit a store today. china flight. people were bailing. connell: wow. that doesn't change back? >> it doesn't come back. connell: this whole thing, last question, we've got to go, is this whole thing worth it is the bottom line? >> well, fif it ends soon, mayb we can say it's worth it. if it doesn't end soon, it continues to be a problem for everyone. connell: soon as in a couple months, basically? >> soon. connell: yesterday. okay. very interesting to talk to you about all this. thank you, sir. all right. let's move on, talk about samsung because we had a report from samsung about its worst profit drop in four years, down 60% year over year in the first quarter. dan ives joins us, tech analyst on this. i guess the chip prices have been dropping, right.

what did you take away from what samsung said? pretty rough numbers. >> it's been a one-two debacle for samsung. you see what's happened with memory chip prices, then that's been a major head wind for them. that's really been their cash cow. then smart phones, we have seen with apple as well, this continues to kind of fall off a cliff. taps w that's why samsung is going through one of its toughest times in years. it speaks to an unprecedented profit warning that you saw. connell: i guess i'm curious, i don't know what your take is on this, kind of follow up, completely different industry, but follow up on what rick was talking about with china. this industry too has been disrupted by trade talks and the negotiations that are going on and as people look differently at their future, would you follow up on anything rick said about how maybe supply chains are never going to be the same? is that true in this industry, >> it was never my intention ever, ever, ever. too? >> yeah. he raised a great point. >> but there are some who want to hear directly i am sorry. i can tell you in covering tech are you sorry for the way you -- for 20 years, we have never seen some potential supply chain

[inaudible] >> i'm sorry i didn't understand disruption like we are seeing more. today. just getting this heavyweight i'm not sorry for any of my battle between u.s. and china, and that continues to be a worry intentions. i'm not sorry for anything i not just among investors but in have ever done. i have never been disrespectful the food chain. intentionally to a man or a that's been a lingering overhang woman. i, you know, not the reputation across tech stocks. more importantly on the supply chain. i think that's something you see i had since high school, for not just from apple, from god's sakes. >> you always said you're not semiconductor stocks as well. changing your brand, wearing connell: i know apple is so funny hats. established in china, they is this whole episode of the almost talk about the fact they kind of have to be there. past week going to change how you campaign? i have heard tim cook say the >> i think it will have to change somewhat how i campaign. talent is underrated. you have to be there for those reasons as well. the new thing, selfies, it's not just the scale. but have we seen apple start to everybody wonders why i take the change its strategy? have we seen samsung start to selfie? so they don't put it on change its strategy? instagram. which companies have you seen if i have the camera, i make kind of moving out say of china, not as exposed as they used to sure it's a photo, not doing be? >> apple is the one front and something else. tough wonder what are they being center. used for? look, they have doubled down in so it is all changed. terms of cook in cupertino but is changing with you guys, come on? they started potentially in each much you are aware of in india and other areas just in case what they are seeing on your personal relationships and trade, if they don't get call it

it changes. it is not a bad thing. it's a new thing. the teeth in the trade sort of negotiation they want to see. it is important, i'm sure it i think apple is one that's will take a while before it to there but especially on the settle out. it settled out for me. semiconductor side, that really >> when will you get into the 20 has massive ripple implications to race? across the board, especially as >> i'm told by the lawyer that i we go to 5g over the next 12 to have to be careful what i say so 18 months. connell: yep. that's true. rick brought it up so i wanted that i don't start a clock to ask about it. appreciate that. it's something to watch even after there's a china trade deal ticking and change my status. in place. good to talk to you. thanks a lot. but it is, i am very close to we will have jeff bezos, believe it or not, here in just making a decision to stand a few minutes. we had the word about him before you all relatively soon. finalizing this largest divorce settlement ever and you say who cares about that. well, some people, maybe they were looking at amazon, they i think -- >> it is weeks? >> what's the holdup? might because of the way things worked out. our next guest is coming up >> what's the hold up? saying in this particular case, putting everything together, it's quite unusual. you will find out why after this man. putting everything together. break. want more from your entertainment experience? if i knew for certain i would run for president in thanksgiving, my intention at beginning to run would be the last person to announce. i -- connell: that was just moments

ago in washington. former vice president joe biden speaking to reporters after a speech. we showed you part of the speech earlier where he made some jokes about allegations that came out against him over the years, inappropriate conduct towards woman, what have you. he told reporters there as you heard, his lawyers won't let him say much about a run what have you. i'm told he is still speaking. we cut out for a second. we'll go back to joe biden. we'll talk about. here he is. >> i get a shot, then off to the races. >> did the lack of formal operation this week make your response trickier? >> no. >> [inaudible]. >> didn't hear you. >> do you think herman cain is qualified to be on the federal reserve? >> i would pick someone else. >> you said a few weeks ago you were the most progressive person in the democratic party. there is a lot of candidates --

>> no, i said liberal. i didn't say progressive. did i say aggressive. that is changing to. i my whole career i wish i had been labeled delaware seven times i ran as a moderate. i was not labeled as moderate. look at my record with aclu. look at my record with all the traditional liberal organizations i never walked away from, i'm not sure everybody else came out and said they were for gay marriage. i'm not sure when everybody else talked about a lot of things i just say teach me more. into your xfinity voice remote talked about, but my point is to discover all sorts of tips and tricks in x1. the definition of progressive now seems to be changing. can i find my wifi password? just ask. [ ding ] show me my wifi password. it is are you a socialist. hey now! [ ding ] that is real progress i have. you can even troubleshoot, learn new voice commands and much more. or you believe in whatever. i was talking about about up clean my daughter's room. [ ding ] oh, it won't do that. welp, someone should. until this last time around, the just say "teach me more" into your voice remote and see how you can have an even better x1 experience. traditional judgments of whether or not you were quote, a simple. easy. awesome. liberal, was whether or not, what is your position on race were, on women, what your

position on lbgt community, i will tack my record on in anybody that is running now or who will run. >> are you suggesting that the party is moving far to the left? can you win in a primary. >> we'll find out whether i can win in a primary. let me say one last thing. here's the deal. i think you guys, if you look at all the polling data, and look at the actual results the party has not moved away, i don't want to characterize it, whatever characterization you just made. the fact of the matter is, the vast majority of the members of the democratic party are still basically liberal, moderate democrats in the traditional sense. if you look at those, i went into 65, 66, 67 races on the

ground. i campaigned for virtually everyone of the 41 people who won. show me the really left, left, left-wingers that beat a republican? a republican. the idea the democratic party stood on its head, i don't get. by the way we should welcome, the party should welcome this, i don't know how you want to characterize it, the progressive left. it should be welcome. we should have a debate about these things. that is not a bad thing. the idea all of sudden the democratic party woke up and you know everybody asks, what kind of democrat, i'm an obama-biden connell: so the world's largest divorce settlement may be settled, at least on paper, but democrat. i'm proud of it. [reporters shouting questions] cpa dan gelchford says this particular case is unusual, splitting financial responsibilities, maybe a little bit of a sticky situation after [shouting] a divorce. >> joe! possibly that's generally speaking or it applies in the case of jeff and mackenzie bezos [people shouting] as well. tell us what you thought about what we saw from the bezoses. >> this is highly unusual.

>> thank you, man. thank you. you have the richest person in thank you so much. the world getting divorced and no prenuptial agreement. [people talking in the when he got married, he did not have amazon, you know, the company didn't exist. it was created after he was married. so no prenuptial agreement. this vast wealth and what makes it most unusual is how civil this settlement has been. with this kind of money, this should be going on for years and years and years but that's not going to be the case. it seems like they're getting along just fine and perhaps most importantly in this whole scenario, is that amazon shareholders can take a sigh of relief. why? connell: that's our side of it, right? i don't know what goes into mackenzie bezos's thinking, whether she should have pushed for more or not. seems like she's still going to be one of the richest women in the world, very, very, very rich person, $30 billion whatever it

is, she does give shareholders that peace of mind, her husband is still in charge, there's not going to be some kind of fight over the company. is that what you're getting at? >> yes. of the bezoses' holdings which is 12% of amazon, jeff is going to retain all of the voting rights which is really what amazon shareholders are most concerned about. look, i think it's a good move on both sides. i think their ability to stay civil in this benefits both of them. look, mackenzie bezos is going to walk away from this with $35 billion plus. she's in the top five richest women in the world. i mean, other than the marriage went bad, from a financial standpoint, she's fine. connell: but the point legally, she could have really stuck it to him if she wanted to, right? she could have went for more. she could have got half, right? >> yeah. i think she could have because all that wealth was created after they were married. so i think at the beginning,

when this started, the news broke that they were going to be getting divorced, i think everybody's concern was listen, she's going to be entitled to half of his stock and not just half of his stock, the voting rights on half of that stock. so that would have created a pretty big upheaval in the amazon world and i think the fact that they were able to work this out benefits everybody involved. connell: yeah. again, we don't know exactly what she was thinking but maybe, you know, jeff bezos and the amazon shareholders are lucky the company is worth that much because she could have said i still have my $35 billion and i'll just move on and be happy, i guess. i don't know. dan, good to see you. thanks for coming on and explaining that to us. meantime, the president is going to be landing soon at the border. this is a shot of him leaving the white house earlier today to get on marine one. he's just tweeted he will land soon, he's scheduled to tour a portion of the border. that tweet just came out presumably from air force one and the plane will be coming

down on the california border. we'll be right back. hey, who are you? oh, hey jeff, i'm a car thief... what?! i'm here to steal your car because, well, that's my job. what? what?? what?! (laughing) what?? what?! what?! [crash] what?! haha, it happens. and if you've got cut-rate car insurance, paying for this could . . like me. ♪ you wouldn't accept an incomplete job from any one else. why accept it from your allergy pills? flonase sensimist relieves all your worst symptoms, including nasal congestion, which most pills don't.

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>> quick alert for you on mcdonald's. mcdonald's has hit a all-time high, all i'm tie for mcdonald 's. launched a new late night menu. mcdonald's is all-time high. pleasure to fill no for neil cavuto on cavuto coast to coast. i will see you at 4:00 p.m. eastern time with melissa francis at 4:00 p.m. we'll have steve fishes. that does it for here. now to charles payne. charles: i'm charles payne. this is "making money." stocks having ridiculously good week. up again after government

reported higher rebounding in march. one glaring problem. i will tell you what it was. big news on the trait front. as talks continue in d.c. president trump says a deal could happen in a matter of weeks. we have a live report for you. president trump set to land in california this hour, as he puts off plans to close the border but he doubles down on his threats. a new survey show americans don't like social media, calling it divisive and threat to privacy. also 70% of us use it every day. what a paradox, what a country