to follow for tomorrow. quick look at the big board for you before we hand it over. we were down almost 200 points. we come back a little bit. we've been in the same range, down 122 points. dow at 26,300. my time is up. david asman in for neil. >> welcome to "cavuto: coast to coast." i'm david asman in for neil cavuto. neil: stocks beginning the week in the red. not all of them. but going dragging the most on the dow. shake-up in homeland security, leading to a shake up on border security. we're awaiting new details how president donald trump and the administration stop the surge of illegals at the southern border

the new top enforcement officer kevin mcaleenan is taking over. what does this mean for the fight on the border? national border patrol council vice president hector garza, whether or not this will be a step to put greater focus on immigration? democrats are now acknowledging there's a crisis on the border. up until a couple weeks ago they weren't doing anything about that? >> correct. we've known that we have an emergency at the border. now it is time for democrats and members of congress to actually realize that we do have a problem at the border. we need help from congress to change the laws that encourage illegal immigration. job of homeland security secretary is pretty tough especially with the laws we have in place. we trust president trump. we have confidence in president trump. he will make the best decision

finding a new dhs secretary. david: the dhs secretary has to follow the law obviously but the problem is the law, from what we're told, particularly the asylum law. that is causing a lot of problem for you folks, isn't it? >> that is the root of the problem. why the people continue to come to the united states. they though if they make claims they will be released into the united states without proper vetting and without proper process. we do need members of congress to change the asylum laws so we can stop the magnets from the people, keeping people from coming to the united states. we need to make sure that we stop catch-and-release and the national border patrol council is working with president trump to find other means and solutions to solve this problem. david: while democrats could no longer avoid the fact there was a crisis on the border, it became obvious when their own officials, officials from the obama administration was saying it was a crisis, they still will not actively work with republicans to change the asylum law. in fact they're blaming the

crisis on the border on president trump? >> so i tell you what, david, this falls squarely on congress. congress is not passing those laws to stop the illegal immigration. they're the ones that need to act to make sure we stop encouraging illegal immigration. we're looking for alternative solutions. we can make the process way more efficient. that is what president trump is doing right now. david: white house deputy secretary hogan gidley spoke about all this earlier, the shakeup at dhs let's get your response. >> she offered her resignation, she resigned and the president moved forward. this is probably the most important position in the federal government. he put someone in place in kevin mcaleenan who knows the issue. it is time to do things differently. the president is looking around to reshape his team so he can have the people in place to carry out his agenda. david: even if mr. mcaleenan is better qualified at the job than

miss nielsen was, with these asylum laws, and everything how much can the guy at the top change things? >> well so president trump is looking for alternate solutions, solutions within his power and policy is. some of these changes are being made and looked into, along with the national border patrol council. some of the solutions our border patrol agents have additional duties as asylum officers, where border patrol agents will have the ability to do the credible fear interviews. can make the process more efficient. we can deal with people who are abusing asylum laws. david: hector, the other issue, which is a big one, it is so easy to get along in life if you're an illegal immigrant in the united states now. you get health care, you get education. in some places of course you get a drivers license virtually every state. in some cases you can even vote

here illegally, does that have to change as well? >> of course. those are the magnets we're talking about. those are magnets that encourage illegal immigration. we need to do away with sanctuary cities. people stealing people's identity. these people released they will steal and american citizen's identity. they will go out to work and we have to hold them accountable. this is part of the magnets to the solution to the border security crisis. david: i have to move on to another segment but the fact that the economy is doing so well right now, we have more jobs, jobs are outstripping the people applying for jobs, that must make it difficult too? obviously most of the people i think who are coming here, not coming for the freebies, they're coming to work, right? >> well have a lot of people coming here to commit very serious crimes. david: that too. >> we have gang members, cartels. that is why president trump made border security a priority to make sure we keep america safe.

david: hector, good to see you, thank you very much. appreciate it. national border patrol council president brandon judd on "cavuto live" telling me why democrats downplaying the crisis. >> they had to make this pivot. they have two major problems on their hand going into 2020. the economy is doing extremely well, and immigration is extremely well. they have to acknowledge that, otherwise they will get hit at the polls in 2020. david: many on the left are hitting the president's border plans, but what are their plans? "real clear politics" reporter phil wegman and "axios" reporter kaitlin owens. kaitlin, again we know clearly what the president wants. he wants a wall, tougher change in the asylum. what do democrats want? >> we have a situation here where democrats are acknowledging, they're saying that, yes, there are a lot of children and families now, increasing numbers coming to the border. you're seeing talk about aid to

central america, to fix some problems they say are driving immigrants here. you also see a lot of democrats talk about a pathway to citizenship for those undocumented in the country currentlily. as far as addressing the problem that is actually happening currently at the bourne border to deal with all the people coming in, already here, the system is not built to handle, we're not seeing a lot of solutions on that front from democrats. what the trump administration has done so far hasn't solved the problem either. we're kind of in, no one seems to know how to go forward here. david: phil, one thing is clear, a lot of people are coming here because of the lure of the pathway to citizenship. if that is democrat's solution isn't that only making things worse? >> the crisis is such the evidence is mounting i don't think either side will be able to ignore it for much longer. we see the united states is on pace to oop prehend more immigrants at the border this year than any year in the last decade. you see border patrol saying

they're reaching a breaking point. you referenced it earlier in the segment. even obama's former press secretary jeh johnson said it an overwhelming situation. democrats for the most part are comfortable condemning president trump for actions on the border because they haven't focused on it, they won the house in 2018 ignoring border issues and will that work in 2020. david: kaitlin, with all talk about democrats wanting to solve things. you said some of their solutions might actually bring more people here but what about the asylum laws? that is something that most of the border experts we've spoken to say is causing a problem? you have to tweak the asylum laws to make it more difficult for people to check in with border security and then go away and never come back for the court appearance? is there any way republicans and

democrats could get together on at least tweaking that? >> you know i think we would all like to think the kind of urgency, whether from a national security or crime perspective as republicans are looking at it, or just from a humanitarian perspective which democrats are looking at it through, there is clearly an issue on the border. we all like to think that would drive congress together to drive some kind of solution. if last decade is any indication i don't want to get our hopes up too high. david: unbelievable. phil, what is extraordinary how long some democrats, including most of the contenders for the presidency, beto o'rourke a couple weeks ago was saying there is no problem on the border. he was at the border. he said there is no problem there. from a lot of people i talk to you have to be blindfolded not to see it. they come around to see it, now they are blaming the problem on president trump. that is how they pivoted. >> to kaitlin's point waiting on congress to do something will

probably not happen. both sides are moving far apart from each other. look at hillary clinton just four years ago, it seems like ancient history she touted her support of the secure fence act. she said the border needed to be secured. compare that to beto o'rourke who said he would tear down he would tear down the wall. compare that to julian castro the only person who has a plan for immigration, he says we should decriminalize the crosses. the rest of the field is happy to see this as manufactured crisis. the polls are so far apart right now i don't think we'll see anything move forward as far as compromise. this is good for democrats in the primary. they need to appeal to their base. but it will be completely different question when you get to the general in 2020. david: absolutely. kaitlin, the shakeup in dhs, how does that play out in washington? >> in terms of the actual border problem it can't help, right? if there is no leadership

currently at the top of the agency instilled by congress, what not, it stalls permanent solutions or even short-term solutions but also looking forward to nielsen's replacement, that will be an extremely contentious nominee to get through congress at this point in time. david: i will say. >> we can only talk about discussions of family separation, what happens at border. the rhetoric from both sides will be very inflamed. i think we've pot a prolonged battle on our hand. david: you say rhetoric i say grandstanding. basically amounts to the same thing. phil, kaitlin, great to see you both. thank you very much. >> thank you. david: we're expecting kirstjen nielsen, the outgoing dhs secretary to speak. she is in in alexandria, virginia. she will have things to say about the immigration crisis at the border. look at apple. it has retaken the top market cap. it is the richest company in the stock market. $198. it was really close to $200

earlier in the day. we'll follow that for you, on a down day. nice to see a stock doing well. important update on venezuela, protests they're all rallying to get nicholas maduro out but he is staying in. new signs the u.s. military could step in. more fallout from the border crisis on "bulls & bears" tonight, every week night, 5:00 p.m. here on fbn. we hope to see you then. i'm working to keep the fire going for another 150 years.

david: that is outgoing dhs secretary nielsen. >> men and women at dhs who work so hard every day to execute their missions to protect the homeland. i look forward to continuing to support them from the outside. i've spent the last 24 hours since yesterday talking with government officials, administration officials, members of congress to insure a smooth transition. as you know dhs has a vast a ray of missions. i want to make sure we continue to execute them all with excellence through the transition. i share the president's goal of securing the border. i will continue to support all efforts to address the humanitarian and security crisis on the border. other than that i'm on my way to keep doing what i can for the next few days. thank you all for being here. [reporters shouting questions] david: she is not taking any questions. no question about that. that is outgoing dhs secretary

kirstjen nielsen. she will be in that role until i believe until wednesday. she will help with the transition. her replacement of course has to be approved by congress. that is easier said than done. kevin mcaleenan, i hope i pronounced the name right. he is the man president trump wants in. she had an almost impossible job. of course it is one that you do have to pay a price for if things go bad, even if not necessarily your fault, if it is on your watch, it falls squarely on your shoulders. she had to take the brunt of criticism for the crisis on the border, a crisis by the way, now even democrats are admitting is real. they had suggested it was a manufactured crisis by the president for months and months. finally after former officials from the obama administration said it was a crisis like jeh johnson, former dhs secretary unpresident obama, democrats followed suit and even the presidential contenders admitting it's a crisis but blaming it on president trump.

talk about the shakeup with presidential historian doug wead. doug, good to see you. not unusual to see shakeups among the cabinet after president particularly when anything goes wrong but this is a president who made a name for himself by saying you're fired. if something goes wrong, even if it is not necessarily your fault, just where you happen to be when the you know what hits the fan, you have to take the blame, right? >> right. hi, david. david: hi. >> yes. i wrote a book called, game of thorns. so i studied trump. in business he was the same way. the only cautionary point i would like to make here, sometimes, when he changes a person, it is, it is because he feels that a new person is better for that particular job. it is not necessarily a knock on the person who was there. sometimes he finds another place for them that is a better fit but, yes, he doesn't wait around f he sees something isn't working he will tend to make a

change. david: now the fact that the replacement for miss nielsen is going to have to be approved by, how can you describe this congress, the most contentious congress i have ever seen in my lifetime, how will that affect the situation at the border? americans want solutions. it is not going to be a solution if they turn this into a political gamesmanship? >> yeah, yeah, good luck to stop that. this is a huge crisis. it is now a geopolitical, it is a strategic crisis because some of these central american countries now, their two top sources of income are drugs and the second source of income are money sent home from immigrants. so these, some of these central american countries are right now helping to promote this whole idea of immigrants coming to the united states. david: talk about contentiousness, congress has been very contentious all along

about investigating the president various ways. now that the mueller investigation is out of the way, they want the president's tax forms, they want just about everything they can get. hard to say as a lot of these democrats do, just because you know procedural matter, they want to investigate the way the irs does, they're on a fishing expedition, isn't that simple? >> yes. it is a violation of the constitution. people say what does he have to hide. hey, you want to get i had of the constitution? you want the government to know about your health? fdr would have never been elected president, neither would jfk if we abandon the constitution. do you want to know of breach of attorney/client privilege. that is what happened with donald trump. can we go in with each member of congress, see what your private personal attorneys have to say? let's see their documents. it is pretty scary, pretty outrageous. it is tribalism. an end to law. who, why do they need

documentation for two years they have been telling us donald trump was a russian spy and they had no documentation to prove that. why do they need documenttation? david: also we did have an election that took place after the president refused to give what they wanted in terms of his tax forms. the american public said, you know what? we want this guy as our president. we don't need to see all that stuff. >> this issue could backfire on the democrats. it is kind of non-stop, you know, what's next? david: right. >> next man in. i think that might backfire on them. david: you know, there is the other point, which is that americans, you know, as much as we are good citizens about paying our taxes, most of us anyway, there is a visceral hatred for, if not the irs itself at least the idea of using taxes as a political tool. i mean we saw, that is really, i think what hurt nixon more than anything else. i think when that is done, we remember an occasion of it

happening against conservatives in the obama administration. remember it goes way back to 1776 when we saw taxes being used by our occupiers as a political tool. >> it goes to the heart of the constitution and the constitution evolved over hundreds and hundreds of years of history of abuse of the federal government. it was a perfectly-honed balanced document. every part of it has a reason to be there. when you start messing with it, when you say beto o'rourke says it is outdated, you're not saying the constitution is outdated, you're saying law is outdated. we simply become a nation of tribalism and hatred and division and there is no hope. there has to be some law, it has to apply to everybody when the president loses his rights, it becomes very scary for an ordinary citizen. david: we're a nation of laws, not tribes. you tweaked that phrase a little bit, i like the way you describe it, doug wead, well-said. >> thank you, david.

>> now to your tax returns and my tax returns. the irs saying so far individual tax refunds only slightly smaller than last year, about $20 less than last year. 1.6 million fewer people are getting refunds. will any of this have affect on how consumers are spending. to national taxpayers union executive brandon arnold. guess, what i'm one of those folks who have to pay money. i've been getting a refund i believe for every year over the past 30 years and it bothers me but my accountant sat down with me, said, look this is what you paid in 2017. this is what you paid in taxes 2018. you're making out better in 2018 even though you have to pay, you have to pay money rather than getting a refund. that is where a lot of americans are finding themselves. >> that is absolutely correct. the key is your overall tax liability relative to last year not where your refund stands this year, last year to previous

years. at the end of the day that is reconciliation what you were expected to owe and what you were paying throughout the course of the year and what you actually owe to sit down do your taxes in april as many of us do. sure, there are more people now that are seeing smaller refunds or not even getting a refund at all, but if they go back to the compare the tax liability to the 2017 tax liability, to the 2018 tax liability, 80, 90% of those folks are getting a tax reduction. that is a positive thing. david: i've been getting more money every week in my paycheck, but you do, there is that illusion, when you get a refund it is found money. and that illusion very often leads people to spend it rather than save it. i don't know what the exact figures are, but the bottom line is, that if fewer people are getting refunds will it have, will the economy get less of a kick on consumer spending side? >> that kick is very overrated. if you talk to most economists that is a flash of in the pan in

terms of big picture in the economy. what is more important using the tax code to incentivize wise decisions like investment and savings. that is what we see since the tax reform bill took effect beginning of last year. we've seen more investment in the united states economy. that is why we see strong jobs numbers. strong economic performance. it is big picture here, not the flash in the pan may occur if somebody getting 5000, 1,000-dollar refund check pose off to amazon target spend the money. that is good but not what we're looking for tax reform. david: the big picture is corporate tax cut. it did stem the tide of those companies that went over to ireland and other places with small corporate taxes. companies began to come back. that is one of the main reasons why we have the extraordinary jobs number we do, not just reflected in overall unemployment rate, 3.8%, very low. in terms of having more jobs than you have people looking for jobs. that is extraordinary.

that is directly because of the tax cuts, no? >> yeah, that is absolutely correct. in terms of growth, in terms of the job numbers that we've seen, with nearly 200,000 jobs created last month alone, a lot is attributable to corporate tax rate reduction, incent fiz american companies to do business here in the united states, rather than moving headquarters or operations overseas. david: right. >> the individual cuts very, very important. those are more oriented towards growth, i'm sorry towards fairness and treats people in more equitable fashion that has less onerous tax code associated with it. david: brandon, i know you're a numbers guy but i will ask you a political question. a lot of people said this administration has not done enough connecting the dots between the extraordinary job situation and the wages going up finally in a real sense that people can feel. in the tax cuts do you think there is any way they can do better on that score? >> there is always ways to do better, absolutely. there has been so many political

distractions that have nothing to do with tax policy. that is hard to focus on those. david: that's true. >> what people care about most on the day-to-day basis, having safe communities to raise their families in, having enough money in their pockets to spend money on things they want. there is nexus to day-to-day activities of americans kind of separate from all of the political distractions, however you want to describe what is happening in washington these days. that is what politicians, including president trump need to focus on. david: i would describe the distractions in washington but i would kicked off television for the words i'm thinking of using. brandon, thank you my friend. >> thank you very much. david: democrats gearing up to take capitalism down, at least some of them. how the free market sunday fire after this. termites.

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♪ david: u.s. targeting venezuela oil shipments to cuba.

amid signs that u.s. military intervention is on the table. former trump and bush 43 state department staffer christian whiton. what do you think about this? should we in any way get involved militarily what is going on there? >> ordinarily we have an administration that isn't interventionist, wouldn't actually relish the idea of starting another war. donald trump ran for office ending sideshow wars, confronting main threat to america which is china, the problem this could turn into a humanitarian disaster that presents a clear and present danger to u.s. and security and economic interests. more people leaving venezuela, causing economic crisis in that part of the world that spreads beyond venezuela. i don't think it is in the cards. the president i think was right not to take it off the table. david: there is a potential benefit to all of this, to the united states, something we've been dealing with more than 60 years now, which is a communist government in cuba ha ththat's

been spying on us, threatening us not only in our own hemisphere but in africa as well, our particular political interests. the achilles' heel of that communist government in cuba. without oil from venezuela, they could easily collapse, couldn't they? >> well, yes, they could. venezuela under socialist government, first with chavez and now maduro since 1998 basically giving cuba a sweetheart deal on oil. in return cuba has been doing things most recently providing bodyguards, thugs, coaches on maduro how to continue to enslave his people. we have cuba, potentially socialists across the region on the run. brazil, argentina, argentina have moved from left to right. the pink tie that began in '98 with chavez's election, would be over, if venezuela flips. david: we don't want to forget danny ortega in nicaragua, he is

another socialist that relies on oil from venezuela. they it up a company, that seems as though they were giving oil to the poor, in fact danny ortega was turning venezuela oil into gasoline and selling gas at $8 per gallon, squeezing nicaraguans, with the illusion of free oil for the poor. >> not a very nice guy. this is the same daniel or orte, deja vu all over the again, was collaborating with the soviet union in 1980s. there was a civil war, we supported contras, he was out of power once but wiggled his way back in. this is part of the driver of political instability in venezuela. david: about the border we have a new dhs secretary or nominee, any way, i should say, lord

knows how long it will take congress to confirm this nominee but what do you think of the change in leadership at the dhs? >> i thought secretary nielsen actually did a pretty good job. she was pretty tough but i think the president wants to go in another direction. it is extremely hard to run the homeland security department. it was a amalgamation of different entities of government that were sort of thrown together after the september 11th attacks on the united states, for reasons that are arcane. you don't have the same type of unitary management and control that you do at the pentagon at the state department, frankly new leadership to confront this new chapter of the crisis where we have tens of thousands of people showing up every day at our border is important. david: but that new leadership will have to deal with the same laws that are causing so much of the problems at the border, particularly the asylum law? >> yeah i would like to hope there is a change. you see some democrats finally acknowledging there is a crisis.

of course they're blaming donald trump, not really fair. it is in fact their laws. it is people abusing asylum thing. you can apply for asylum if you have a well-founded fear of persecution, if you're fleeing cuban government, chinese government, iranian government, okay. not if you just want a economic upgrade in life. i understand why people are doing that. tons of people are showing up at the border, making false claims. we can't turn them back. we have to let them in adjudicate this for very long time. they don't show up for hearings. congress might actually have to do its job and pass a law. david: imagine that. christian, good to see you, thank you very much. let's take a look at the dow. it is down 147 points. it would only be down 20 points if it were not for boeing which is shaving 120 points off the dow. kristina partsinevelos at the nyse why boeing is not doing well. reporter: there are three reasons, david.

boeing announced they are reducing monthly production, monthly production for the 737 fleet. they were originally were going to make 52 planes but now they're making 42 planes as they work through the software fix. another reason you're seeing the stock down, bank of america downgrading the stock. they had a buy rating, neutral rating of price target drop to $420. last but not least this view affecting a lot of viewers, american airlines announced on sunday they are going to be grounding their 737 planes all the way until june 5th. that is about 90 planes. american airlines warned it could affect travelers. make sure to check to see if you are on one of those planes. the downward trend of boeing, the struggles of boeing have trickled off to other airlines as well. one i want to focus on is southwest airlines. the reason being raymond james analyst put out a note also downgrading the stock, lowering earnings projection. why? because southwest does have a fleet of 737 planes.

they're citing concerns all of this will continue to happen in the peak summer season. why you're seeing a negative effect across all airlines. david, i want to end on this, to remind viewers, there is connection between both crashes. has to do with failure, malfunction within the software. they're working on, i should say software fixes plural. because there is more than one. back to you. david: kristina, thank you very much. meanwhile pinterest is dialing down its expectations for its ipo. someone is warning valuations are still too high for this company. und personnel... ...or trips to mars. $4.95. delivery drones or the latest phones. $4.95. no matter what you trade, at fidelity it's just $4.95 per online u.s. equity trade. 2,000 fence posts. 900 acres. 48 bales. all before lunch, which we caught last saturday.

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capitalism is a target on the campaign trail but what is new other candidates are following in senator bernie sanders footsteps attacking capitalism. south bend mayor pete buttigieg said over the weekend, that crony capitalism in the u.s. is turning the u.s. into an oligarchky like russia. >> america is a capitalist society but it has to be democratic capitalism. and that part is really important. it is slipping away from us. when capitalism comes into tension with democracy? which is more important to you? i believe democracy is more important. >> we're moving into the direction of oligarchky. together we're going to turn that around. reporter: democrats running for president are not only ones trying to run away from capitalism. billionaire investor ray dalio on "60 minutes" saying american capitalism is not sustainable as it is. wealth inequality is economically stupid. >> that if i was the president of the united states or it has to come from the top, what i

would do is recognize that this is a national emergency. >> it is that bad? >> if you look at history if you have a group of people who have very different economic conditions and you have an economic downturn you have conflict. reporter: the tug-of-war between capitalism and socialism is dividing the field of democrats running for president. senators elizabeth warren and kamala harris both distanced themselves from the socialism title. harris saying she is not a democratic socialist. warren saying she has capitalism in her bones. david? david: we had joe biden pushing back big time on friday as well. thank you, hillary. appreciate it. let's talk about all of this with former bain capital partner ed connor. he says the best defense of capitalism is the economic growth our country is experienced. hard to condemn something that created best jobs environment we've ever seen? >> sure.

4% unememployment. rising wage growth after several decades. the stock market is up 40% since president trump elected. under the obama administration we saw the slowest recovery since the great depression. we see disposable incomes 15 to 30% higher than they are in europe. we know why that is the case. america produces a lot more innovation in europe, by some measures seven times as much. that growth puts upward pressure on wages we don't see in europe. any step that we make in that direction, certainly is going to slow down growth over the long run and reduce america's prosperity. david: i'm smiling it is not steps, but giant leaps they're making towards socialism. you look at the green new deal, mayor pete, a lot of people signed off on, that is not just, eats itsy-bitsy steps towards socialism that is wholesale commitment to it, right? >> that would be a disaster. i think they all know it why none of them would vote for it

in the senate. if it was -- david: they all signed on to it lech kitty split when it came out. >> they didn't sign on when they had to sign on officially. david: mayor pete, calling for restrained capitalism, that is what we had with the obama administration. we had eight years of restraints t wasn't until we took the handcuffs off with the deregulation of the trump administration, and the new tax policy, that the economy began to deliver. both in terms of jobs and in terms of wages too. >> absolutely. we've seen restrained capitalism in europe for a long, long time and we know that in the united states we are producing way more innovation and faster growth for the last three decades than they have in europe. prior to that they were catching up to us. that has had a big impact on the prosperity of america. david: they're basically flat over in europe. >> that's right. to pretend the payoffs for risk-taking don't incent better training, more work hours, more risk-taking and produce more innovation, faster growth,

higher prosperity for the middle class, we're kidding ourselves. david: i don't know if people reading the polls, bernie sanders an avowed socialist should look at it, when americans are asked what do you think about socialism versus capitalism, by two to one they favor capitalism. not just that they favor capitalism, they have a bad view of socialism. >> rightly so anywhere you look in the world, venezuela, north versus south korea, east versus western europe, china, all we see is slower growth and. david: income inequality, a phrase you heard in the obama administration, despite restraints on capitalism a lot growing was income inequality. is it a phony argument we measure wealth not necessarily by diverse income, who cares if jeff bezos has 100 billion, as long as i'm doing better? the consumption of americans, measure wealth by consumption rather than by income, you see

the opportunities growing. that is what happens when you have a 3.8% unemployment rate is you have an individual has more opportunity to bargain for better jobs, to bargain for better wages, et cetera, right? >> no doubt we've seen much more equality in consumption exactly what we want. why do we really care whether a rich person saves their money, invests their money, uses that to produce faster growth, greater productivity, higher wages? because we know even a liberal economist would agree an investor has to create five dollars of value for everybody else, their employees, their customers, everybody else to put a dollar in their pocket. what we care about, you're right is consumption. to the extent somebody is saving their money, not consuming it, that is a good thing, not a bad thing. the idea we take the money, redistribute it, consumer, means we have slower growth, less prosperity in the future. david: if your standard for a good economy is income equality,

go to cuba. they have income equality. it is basically zero. you get paid about $5 a month. you only have two meals a day. it is illegal to fish because the government owns all of the fish in the ocean. that is what they say. that is income equality. is that really the direction which we want to go? >> every place in the world anybody has tried to make it more equal where they have increased taxes we've seen nothing but slower growth. what you frequently find from liberals, oh, look at scandinavia. you realize scandinavia has four times as many high scores as low scores per the united states on academic tests. completely different demographic, than the demographic of the united states. what we need in united states, unlike scandinavia is to get our most talented people to be highly, highly motivated to invest their money, take entrepreneurial risk, create jobs and prosperity for everybody else that is necessary to get rich. david: right. >> instead of thinking about it

as trickle down, we should think about as trickle up. what people have to do in order to get rich, they have to serve customers, do it more effectively than competitors. it is bill gates and steve jobs of the world. more of those, please. david: by the way my favorite, i watched "60 minutes" last night. the dalio segment i didn't have time for because what he was saying, there was another segment incredible job new york university medical school is doing, based on one wealthy, founder of home depot has given $100 million to the med school. it is tuition free. it is, the spirit of capitalism when you see it applied to the way this country has grown that has made the difference between this country and so many others. >> you find it almost every university for low income students it is tuition-free or very, very close to it. david: ed, great to see you. thank you very much. a ban on "fortnite." find out who is pushing that ban and facing major pushback next.

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david: social media crackdown in the uk. lawmakers pushing penalties and fines if companies don't do more to stop what they call harmful content. tech an on the global push

against big tech. i have no doubt there is harmful content on the internet. i know there is. >> sure. david: at the same time we have a first amendment protect as lot of stuff that might seem hateful but not be that harmful. they don't. makes what they're doing kind of dangerous? >> absolutely. there are certain things no one believes belongs on facebook. shooting, live streaming should not be on facebook. they're talking about banning false news. who is defining the false news? how do you determine that? facebook in the uk did hire a company that was like a third party company to determine that stuff but it is so vague and broad, it is definitely worrying. david: i will list some of these online harms which is the phrase they use. anything that encourages suicide. okay, i get that. anything which is overtly violent. you mentioned the violent streaming of live streaming. but then they say anything that contains disinformation. that is pretty broad.

>> sure. david: anything that includes cyberbullying. that also is pretty broad. >> i would say the violent thing, is an mma match okay to stick on facebook? language means stuff. if you're going to keep it that broad it is kind of hard to say. david: they don't have a first amendment in the uk but they do have royals. one of those royals came out against "fortnite," prince harry. what do you say about that? >> he says "fortnite" is potentially addictive and harmful as alcohol and drugs and other things. as we all know the royals don't have legal power. a little funny to hear that from harry. he was talking a few minutes ago how he loved videogames, playstation, xbox. this is definitely not an area he is not familiar with. david: we know what you do with your spare time as a royal. >> you have plenty of time. i think more of him becoming a parent, yeah, this ising i need to watch but for him to say we should ban this thing is kind of outrageous.

david: does he have any influence the way parliament moves on this or uk regulators? >> no. i don't believe he was. he is equivalent of gwyneth paltrow saying something in congress and acting on it. he is figurehead. this is the new rock and roll. everyone is blaming this thing for the ills of the world, whether shootings or what have you. david: very quickly, apple is now at 199 a share. back up to the richest company in the world or at least in our stock market. >> yep. david: it is up 2.24. what do you think? >> i think they have made a lot of really good strides on the services model showing how they will make money through apple music which just passed spotify in the u.s., very big deal. as well as their upcoming tv stuff that is where a lot of growth comes from. david: does this show they can live with slowing iphone sales? >> i think they need to. that is the nature. they can't rely on the singular income of iphone. i think they realize they need

the monthly subscription model from you and me paying 10 bucks a month for their services. david: they still have billions of dollars of cash. >> they do. david: over $100 billion. >> they have an outrageous amount of free -- david: they could buy a lot of stuff. >> stay in a bunker for 10 years and be fine. david: do you think they will buy anything? a company they could use to get into the streams business? >> i would think that but they announced they will do it themselves. that is the evidence they will focus internally and develop the stuff internally. that is what they have done in the past and generally works. david: russ, thank you very much for being here. there is a big shakeup in homeland security, leading to a shakeup on border security. more on the fallout after this. brighthouse smartcare℠ is a hybrid life insurance and long-term care product. it protects your family

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giving you the power to actually lower your cost. unfortunately, it can't do anything about that. now that you know the truth... are you in good hands? david: welcome back to cavuto coast to coast i'm david asman in for neil cavuto. this hour, pinterest, joining the debate over sky high valuations, just lowered its price target ahead of going public, and what that all means for the market and for your money coming up also white house acting chief of staff mick mulvaney vowing that democrats will never see president trump's tax returns. he was absolute about that why democrats are making it a mission to prove him wrong, and the white house saying, " significant work remains on the china trade deal" why someone here says it's time for the president to channel ronald regan. but first, homeland security shakeup as border agents are reporting a record number of

illegals being apprehended at the southern border, blake burman has the very latest from the white house. reporter: hi david when you look through the resignation letter that kirstjen nielsen penned and gave to the president yesterday she did not place blame on president trump instead pointed the finger toward congress and the courts. i bring that up days we heard from the outgoing dhs secretary within the past hour here and again she said that she believes in the president's mission watch here. >> i share the president's goal of securing the border. i will continue to support all efforts to address the humanitarian and security crisis on the border, and other than that i'm on my way to keep doing what i can for the next few days reporter: for the next few days she will be in her post until wednesday, however there are reports that the president is seeking to to renew child separations at the border, nielsen resisted and that put her at odds with the president. a white house spokesperson earlier today would not say if the president is indeed trying to go down that path, but would not deny it either.

hogan gidley saying the white house is looking to fix the flores agreement which says that kids cannot be detained for more than 20 days and must be released to their parents or relatives. >> i know we have a crisis at the southern border, we've talked about so many ways to fix that and one of those ways is to amend the flores settlement agreement, absolutely. the separation of families, the president has said before, he does not like that it's a horrible practice, but congress has a way to fix that so that it will not be a magnet for people to come here and use children to do it. reporter: kevin mcallen is now the acting head of the department of homeland security he's also the current head of customs and border protection david it remains to be seen how long he remains in that role as part of the president's cabinet. david: if he gets approved congress that's a whole other lump they got to deal with. >> right yeah, if he eventually gets the formal nomination from

the president, he would certainly have to go before congress and the politics there, as you know. david: unbelievable blake thank you very much former dhs staffer under president trump says this leadership shakeup will shake up the strategy at the border good to see you thank you for being here. >> you too. david: you worked under secretary nielsen clearly she was dealing with her almost impossible situations, as blake said the politics of this have made it very difficult to deal with. >> yeah, absolutely and secretary nielsen i think did a good job with what she was handed. there's certain things that the department can do and not do under current law and that is the biggest differentiator because dhs is a law enforcement agency and so they are hampered at the border by our current asylum laws and some other enforcement mechanisms that keep them from fully securing our border at this point. just because those laws were written so long ago they don't reflect the current situation at the border where we have so many migrants coming up from central america and northern triangle countries. david: it used to be there was at least enough cooperation

between democrats and republican s so that they could tweek these laws as different events developed. now, there's no possibility of that. >> yeah, they don't want to touch it because its become too politically unpopular and it's sad and absolutely ridiculous because at this point our immigration system does not serve americans well and it certainly does not serve the people who are trying to migrate here. david: one of the tweeks that needs to be taken care of is something involving child separation, because as we know, very often, these kids are not with their parents. they're there with being used as puppets to help people get across sometimes they are actually being recycled, that they will help adults get in who then meet with the court and never show up for revisit to the court, and then they go back and they were used again. this has to be stopped. no? >> yeah, absolutely i think this part with the children is the most concerning because we seen for, you know, even under president obama there was that

mass movement of children up from central america, and it was , you know, smugglers are being paid $10,000 a head just to move these children into the states and they knew how to exploit our laws to where the children could stay but now with the family separation or not family separation but with the asylum laws as they are and flores agreement when parents are detained with their children since it takes three years for an asylum process to go through, and so obviously we're not going to detain people for three years and so that is when the family separation part starts because the parents can remain under detention, under cbp, but the children can't they have to be released after 20 days so that we went to zero tolerance that's when that started happening that was since rescinded and that was actually secretary nielsen that rescinded that and worked with president trump to sign the executive order to end zero tolerance but it still remains that now families are just being released because they are waiting for their process. david: now everything you mentioned shows the in possibility of some of these issues, not everything can be dealt with by a law and in fact

that's why to stop this problem from being a problem in the first place is to put up a barrier that would prevent people from getting in. that's why the president whose more simple on these issues just says put up a wall. >> absolutely i think that would stop the illegal immigration but more importantly , it's the asylum process that needs to be reformed, because if we, for example, started having a more robust refugee program that would allow people to apply for refugee status or asylum status in their home country we could alleviate a lot of the pressure on the border. david: but to do that you have to have democrats and republican s working together. >> absolutely. david: good to see you. well house democrats taking border fight into court, filing a lawsuit against the president 's emergency declaration. host of liberty file, on fox nation, judge andrew napolitano is here to join us. judge great to see you. thanks for being here. there is a growing consensus including among democrats like jeh johnson the former head of dhs that this is an emergency,

that this is a crisis at the border it has developed into an emergency. doesn't that improve the president's case in court, that he should be able to take emergency response to it? >> well it does except that the lynch pin of the president's case in court is not the declaration of emergency, it's spending money contrary to congressional appropriation. the court has a principle of ruling on the narrowist issue rather than the broadest so rather than second guessing how could the court second guess the president, the judge won't go down and look at the border. they are ruling on the narrower issue which would be the appropriations. david: but if they grant him that it is an emergency, if they grant him that his declaration of an emergency was not uncalled for what does that give him in terms of leverage to spend money to, for example, put up a border >> it does not give him leverage, sorry about this. david: you're in demand. >> it does not give him leverage to spend money that was not authorized.

it does not give him leverage, you're not going to like this, not to spend money that was authorized. when richard nixon impounded funds, refused to spend domestic funds and military funds, as they thought the government was running up too much of a tab the supreme court said you can't do that. the congress said spend it that's what the president is going to run up against. is this an emergency? you know, an emergency is in the eye of the beholder almost all of the evidence is that it is some sort of an emergency. he may have undermined that by saying i'll give mexico another year, and may have undermined it by some of the words he said you know judge this is particularly in the ninth circuit like to pounce on things like the president has said but i do believe that they will rule and mrs. pelosi say that it's about the 10 of already that have been filed and the court will rule. david: in the meantime, how much money can the president move around if any? >> none. david: zero? >> right because unless it

can't be undone, the court will order it to be undone and the money is fungible, but the walls that are being built now are not new walls, newly authorized walls, no new walls have been authorized. they are repair and replace walls that were authorized and built in prior administrations. david: understood let me switch gears if i can, judge. congressman devon nunes preparing to send eight criminal refers to to attorney general bill barr over the russia probe. this as barr is expected to face questions about the mueller probe on capitol hill tomorrow. what do we need to know about this? >> well i'm smiling because he's going up there with the papers about a foot and a half high asking for appropriations for the fbi, for all kinds of things. they don't want to talk to him about appropriations, he's going to the house tomorrow, dems want to talk to him about what did you put in "the four" pages of your summary of mueller's conclusions and why didn't you put other things in there. i don't think that gets to first base. a time and place will come for

that but they will try tomorrow. david: but they are also talking about leaks and part of this investigation is going to be who leaked what to whom. i mean i'm shocked to hear there are leaks going on. does that surprise anybody? >> no it doesn't. i don't know what's been leaked. if disenchantment has been leak ed well that's not a crime but if material has been leaked that is protected by federal law that could be career-ending for the leakers. look here is what the democrats want to do. they want to see the entire report and even the underlying materials, which go into the millions of pages, because they want to be able to second guess robert mueller and second guess bill barr and whether or not there's enough evidence. david: robert mueller who they used to worship the ground he walked on and now they are worried that barr is right about the way he summarized his findings. >> correct i can't imagine that there is no evidence of conspiracy and no evidence of obstruction because if there were, barr would have said so in his letter and he didn't. he just said there isn't enough to establish these crimes beyond

a reasonable doubt. david: well hold on a second because he did say there was no evidence, zero evidence, of any kind of collusion with russia. >> he did not. he did not. he said there is not enough evidence "to establish a conspiracy." that's lawyer speak to there's some evidence but not enough to meet that high bar. david: well now i was shocked we mentioned about false shock, i was shocked with a report that was on lindsey graham and chuck grassley going through mueller's investigation and finding that there were in fact misrepresentations of some of the material that the mueller people were bringing forward. misrepresenting e-mails that led to various prosecutions. >> well you know we'll find that out when the report comes out. we don't know if the report is just about the president or paul manafort is in there and roger stone and people that they were going to charge and didn't charge. we don't know what or how all of that fits together. david: but what we're hearing from democrats is there was this misrepresentation. but having said that, let me just say that first of all, mr.

barr knows mr. mueller very well but there was also rod rosenstein was over the shoulder of bill barr, he was there for the whole investigation. the whole mueller investigation overseeing it from the justice department and if he had seen any misrepresentation of the mueller report, he clearly would have said something by now, no? you think there's still a possibility barr misrepresented mueller? >> no. i think, well first of all to say exonerated, that is not a legal term. the justice department has done the business of exonerating people. david: it's not a word that i used it's a word that the president used. >> that's a word that barr used in his letter very unlawyer-like david: so why didn't rod rosenstein protest? >> one ordinarily does not correct one's superior in public we don't know what was said in private. david: this is a big deal and rod rosenstein, i would imagine, would have said something right? >> this is a big deal. it's a little odd though debating that none of this is seen which is why i'm thinking

that rudy guiliani says let it all out there. rudy i love you but if you haven't seen this it's about your client. how can you say let it all out there? david: but i think most people want to see, again, i'm all for redactions that prevent the innocent and of course, you know and grand juries just explain for a second, grand juries you see a lot of stuff that comes out that's just selacious stuff that's not true. we don't want that out there, right? >> 6 c, you'll hear about the federal rules of criminal procedure prohibit the revelation of anything about a person, good or bad, that was not indicted. but the president wasn't indicted so if that report comes out and 200 pages of blank the democrats will want to see what was on those blank pages. david: judge andrew napolitano good to see you. well herman cain getting heat why some say president trump's new pick for the fed is a sign that he's fed up and we will have much more on that and all of today's headlines on bulls & bears it's a show that i host every week night at 5 p.m. eastern, mike huckabee one of our special guests on the panel

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>> so i've known herman for a long time and consider them good friends, but right now until they're nominated the right thing to do is for us to let them fill out their paperwork and deal with their background checks and decide whether they

really want to sell that thing that the government guys want you to sell that's what every nominee goes through and they deserve the respect that every other nominee gets where they've got a little bit of privacy to work that through. david: white house officials defending the president's picks i should say, pleural, for the fed rejecting criticism that he is politicizing the central bank , charlie gasparino joins us now. charlie: i know both of these gentlemen, steve moore more personally and i think they're both really qualified for the job and here is why. they both know a thing or two about economics. they come to the job with real-world experience. i mean, her main cane ran companies, was a businessman. david: and they've had people like that in the fed before. charlie: steve moore worked on the wall street editorial page, i mean, he understands he's got an economics degree as well, he worked for a think tank he's been around the block in the policy arena, and i'm going to

tell you this and i'll have a lot of friends of mine who are in c suites right now throwing stuff at the tv when i say this. the sort of nexus between wall street, washington, this sort of public policy nexus presents such group think that it led us to the 2008 financial crisis. i am telling you that. i could tell you, i covered that thing. david: written books on it. charlie: but it was a slow burn. it was 2007, you could see the writing on the wall, and the guys at the fed and there is some, i love kevin that's on the fed, great guy, was a banker at morgantownly, it was really people on that board and you had ben. their group think prevented them from doing anything drastic. they didn't see the financial

crisis coming. david: do you think herman cain could see it better? charlie: i'm just saying when you criticize herman cain for being political or doesn't have a degree in economics from princeton or steve moore from, you know, not coming from that group, that always gets these jobs, remember that group think allowed, gave us the financial crisis that they did not, they thought they could magically lower interest rates, and you could turn a housing bubble into a housing bust into like back back to rising prices again and it was dumb and it was just because they did not think out of the box. they don't know enough business people. david: by the way the other thing that gets me about the herman cain issue is this is a man who was chairman of the kansas city fed. and yesterday, he's being portrayed as a pizza man. i mean, you know? it's so demeaning that this guy has risen so high. by the way let me just read this quote from one of the accounts and it says he reportedly,

reportedly served in a variety of federal reserve roles in kansas city and they didn't say he was chairman. that's really demeaning. charlie: it's okay to be racist against a conservative black guy am i missing something here? david: i don't think you're missing anything. i think you're spot on. charlie: it is the media elite thinks that this black guy, who is really smart, and okay, he might have some personal issues along the way, but in terms of his ability to do this job, i mean, they make him a pizza man. david: and they are the ones who are saying, you know, you always have to have diversity in the fed but it has to be the right kind of diversity it has to be their ideological diversity. charlie: and clarence thomas still goes through the same stuff but look at the guys who ran the fed back in 2007 and look at their educations and look what happened in 2008. david: let's switch gears democrats targeting trump tax returns acting white house chief of staff mick mulvaney saying

fat chance. listen. >> you believe democrats will never see the president's tax returns? >> oh, no, never, nor should they. keep in mind that's an issue that was already litigated during the election. voters knew the president could have given his tax returns and they elected him anyway which of course is what drives the democrats crazy. david: even if they did see them, would they get the treasure chest they're hoping for? charlie: i think it should be law that they release them just so you know i think you should know about one of the reasons why we knew the clintons were crooks is because we saw some of their taxes, just to be real clear here. i'm not saying donald trump is a crook. my guess is what's in those tax returns will be embarrassing to his whole idea of being the richest man in the world. it'll be embarrassing to his portrayl of himself as a -- david: although we were talking about this taxes show your income, not necessarily your wealth. charlie: what you do is back it out. we could see sources of income. what we'll see is he doesn't

give that much in charity or anything. we're going to see that he doesn't make that much money. he's worth a lot compared to us but the $10 billion thing is probably not true, and i think that's what you'll see here and probably takes every deduction known to mankind. david: democrats are claiming they want to do this because they want to check the way the irs audits things. isn't it just a phishing trip for them? charlie: this is just a joke. if he is really a tax criminal wouldn't they have charged him by now? david: and the irs has to check the tax returns of every president. charlie: and remember this, the irs staff doesn't really change that much. it's the leadership. by the way the leadership does direct but wouldn't you think after all of the nasty stuff he said about obama questioning whether he was born in this country that obama might have said something. david: we'll look at anybody's taxes. good to see you charlie. charlie: could be you too. david: oh, well we'll see. gas prices meanwhile continuing to rise, next phil flynn on what he says could make prices at the

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>> the islamic republic's revolution has actively engaged in terrorism and created, supported and directed other terrorist groups. the masquerade is a military organization, but none of us should be fooled. the trump adminitration is simply recognizing a basic reality. the irgc will take its rightful place on the same with the terror groups that it supports. david: secretary of state mike pompeo announcing the iran revolutionary guard will now be designated a foreign terrorist organization, so it's the first time the u.s. has formerly label ed another country's military as a terrorist organization. all this as gas prices are already on the rise. price futures group senior analyst phil flynn says they're poised to go even higher how is this iranian business effecting oil prices, phil? >> it's definitely another risk

factor to the upside, because the trump adminitration has to make a very important decision. as far as iranian sanctions go on iran right now, may 5 they are going to decide whether to grant waivers to buyers of iranian oil so they can still get oil. this designation today probably increases the odds that the trumps will not grant waivers to these buyers of iranian oil so it's another upward risk factor for oil, than as so many right now. just take a look around the board today if you look for example, venezuela, the unrest in venezuela is causing their production to fall dramatically. in fact the power outages probably reduced their total production to about 600,000- barrels a day, probably the lowest in history. if you look at the situation of course that we're seeing out of china, for example, they're stimulating their economy right now at a time when their oil demand was supposed to be falling so if you get a u.s.

china oil demand along with the stimulus the demand is going to be stronger, so you've got so many factors right now, not to mention a possible civil war in libya, that could knock off more oil supplies. david: and you also have the united states and europe seeming ly sitting right around a recession. i mean, it seems clear that as slow as things are in europe they're not recessionary slow, right? that must help boost the price of oil. >> it really is. and a lot of people were predicting that europe was going to fall off the map if their economy would be in recession that's not happening and think of what's happened, dave. every central banker in the globe has prepared for the possible recession, so you look at mario drage for example,, you look here in the u.s. , you know , we're going to keep interest rates low for an extended period of time and if you look at china of course they're stimulating their economy as well. david: phil flynn thank you

very much. well pinterest lowering expectations ahead of the ipo road show the company is setting a price range that will value it below its last private market prices, $12 billion begging the question are these companies profitable enough to invest in? to stanford school of business lecture, dave dodson. well a lot of them aren't profitable at all but neither was amazon for a long time, right, dave? >> well that's right but the question is, is this amazon or is it group on or is it google or blue apron and that's the question that retail investors have to ask. david: how do you decide? >> well i think first of all you get rid of this notion these are technology companies and these are technology-enabled companies but if you and i go out to dinner and make our reservation online and pay with a credit card that doesn't turn the olive garden into a technology company and there is some technology underlying these but what investors need to think about is what is happening with consumer behavior? in the case of amazon jeff bezos

got it right. in the case of groupon, they got it wrong so that's the first question that retail investors ask themselves and the second is what are the competitive dynamics here because most of these companies are in with winner winner-take-all, you have lyft and uber, and unless retail investors understand consumer behavior and competitive dynamics, they have no business in these markets. david: you know it's very often less the technology that is invented by these companies than the way they use it in their management style et cetera, right? i mean that's more important than the february noology itself >> exactly, you take uber what happens you go on your phone and you say this is we're i'm at they go find a ride and the ride comes picks you up that's no different than what happened 12 years ago if i called yellow cab , but we now have a rideshar ing network. that's where the magic is and that's what for example, jeff bezos got right is he said okay,

i think people want to buy things in a different way, so they will order it online that's not that new. we're going to put it in a box and give it to ups there's no technology around that but he saw something that other people didn't see which is why he's the richest man in the united states , even after his divorce. david: do you know who else saw something before it happened was peter drucker, who 20 years ago when the technology revolution was encompassing the world he said look it's not the technology, it's the way it's used in management and supply chains et cetera that's going to be the difference. >> exactly. you know, back in the early days of silicon silicon valley when you had hewlett packard and intel and apple and oracle those were true technology companies, where the underlying engineering was critical to their success. the underlying technology for pinterest or airbnb or uber is not that complicated. there's many companies that have more complex technologies take jetblue. i'm getting a plane off the tarmac and back on the tarmac requires a lot more technology than it takes to come pick me up

from uber. they are seeing consumers want to do things in a different way and it goes back to the thing where you don't want to know where the puk is today you're trying to figure out where it is tomorrow and that's complicated and that separates amazon from let's say pets.com. david: great stuff dave thank you very much appreciate it. >> happy to be here. david: well no deal with china now, but when? a new push is on to get something better now but is it better just to wait? and back to the border, and a live look at the crisis there, after this.

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david: well the market would actually be positive were it not for boeing shaving about 130 points off the dow, of course all of the 737 cutting decisions , production forecast, et cetera, weighing on boeing. it's not all bad news for the dow. apple is very close to $200 a share, just about everybody has apple in their portfolio, and it

is now once again, the richest market cap in the united states for any stock, so, it is zooming ahead. good luck with apple. meanwhile, the eu with a stern warning, for the g20 fix these trade tensions now or put global growth at risk, edward lawrence has the very latest from inside the beltway. hi edward. >> hey david yeah the g20 finance ministers and central bank governors will be here in washington this week and they are going to ask them to tackle the root of the trade tensions, which they believe is causing the global economic slowdown. this is meant to put pressure on the trump adminitration, to drop tariffs or not impose more tariffs, president trump talking about adding up to 25% tariffs to auto parts and autos coming into this country still the european, even talking about or not even talking about removing the tariffs and protections on their agriculture sector that's why "the talks" of the eu are

largely at a stalemate and the other big issue on the table is the ongoing trade war with china they have been told that tariffs would slow the u.s. economy by .6%. it would slow the chinese economy by 1.5% if additional tariffs were added experts on china believe that we have to feel a little bit of economic pain in order to have a better long term outlook. >> these talks would not be happening without the tariffs, i am no fan of tariffs i'm for free-trade and fair treed but tariffs ultimately hopefully will be part of the process to getting a more balanced and more sustainable relationship, with the united states and china and that will benefit the rest of the region. reporter: and the u.s. just finished their ninth round of face to face talks, both sides talking breakthroughs, related to this the chinese saying a new consensus on text had been reached and the u.s. saying that china has gone farther than it ever has before in putting issues on the table there will

be teleconference meetings to determine the next steps to figure out if they could come to a deal david? david: edward thank you very much for the long game with china the white house saying progress is being made on trade talks, although significant work , that's their words, remains. president trump is holding out for a great deal not just any deal, is that what businesses want as well? former reagan assistant press secretary mark wineberg joins us mark great to see you. so we know businesses want some kind of resolution, and certainty even though if it's not perfect they want some certainty that they can plan for , the future with. i don't think they're going to get it for a while do you? >> i don't think so either and they shouldn't really want that if it's a bad deal. what they want is predictability naturally but what would be better for them is a good deal even if it takes a little bit longer. good things are worth waiting for. david: they are, although depends how long you have to wait, and some people are thinking that the president is going to be stretching this out, as long as possible, because he

knows there's going to be a bump not only in the market but in the general economy once a trade deal is struck and he wants to hold it as close to the election as possible. >> are you suggesting that politics in some way -- david: forgive me. >> in some way at all in influences a trade decision? david: how shocking. >> well i don't know i think he's close to a deal but they're not there yet and the devil as they say is in the details, and the rush to signing ceremony ought to be slowed down if they don't have it exactly the way they want. david: did ronald regan ever do that by the way actually temper a deal whether it was a trade deal or something else with a foreign country, in order to effect his political ratings? >> never and he told his cabinet and staff on day one of his administration i do not want politics to influence anything we do or any decisions we make, and he never looked at a political calendar when making decisions. david: that's extraordinary isn't it? that kind of thought, of course there was so much that happened during his administration

dealing with tip o'neill and other democrats et cetera that just wouldn't happen now right? >> well things are different now very much so. it's interesting we should be talking about china because this month marks 35 years since reagan went to china, and had discussions with the chinese and signed some agreements, and advanced the relationship and the diplomatic exchanges between our countries. david: there was a thought back then, back during the reagan administration, the 80s that the free market economics that he exemplified would solve all problems, that is that if china were to become more free market as it did, on a number of xi-jinping and subsequent leader s it would become more politically democrat. >> that didn't happen. it didn't. it's a little better, but not much. there are still very significant -- david: it seems to be slipping back. the current leads wants to be leader for life. >> there is a personality leader that is very dangerous

and worrisome and i read in the newspaper just this morning as a matter of fact that they have an app on the phones in china where you can read about what a great nation it is and pledge your loyalty to the leader. personality cults may be the way things are in china but they're not good for freedom. david: a lot of the same thing happened in russia. we thought the kind of free market changes that would happen in russia would ingender a more democratic thing. i mean, you see putin he doesn't call himself a dictator but essentially that's what it is. that's exactly what he is. both the chinese and the russian s have nibbled around the edges, but communism does not allow for free market. the two can't live together. david: mark wineberg, good stuff thank you appreciate it. >> thank you. david: back to our top story fox news casey stegall is at the border with the very latest. reporter: david yeah we're here in el paso where secretary nielsen or former secretary nielsen visited just last week before she met up with president

trump and friday at the border there, in southern california one of the reasons she was here is because this sector has really been getting slammed especially when it comes to the number of the migrant families that are being apprehended. more than 70,000 apprehensions have been made in this one sector alone. that is so far, for fiscal year 19 which started back in october compared to 9,000 apprehensions in the same sector for same period of time last year, so you can do the math. 70,000 versus 9,000. there has also been an up-tick in the number of unaccompanied minors taken into custody here and the border patrol agents themselves tell us it's probably the toughest part to see. >> it's hard not to take that stuff home or especially if you see kids that are sick, you see kids by themselves, seen a two- year-old, four-year-old by themselves crossing the border

with no parents with them. reporter: meantime, older sections of the existing fence of barrier that was put in under the secure fence act are getting replaced with better materials, or they're getting upgraded in certain vulnerable locations . this is not new wall we should point out under president trump and again we're talking about infrastructure here that was already paid for and was already built, and when we talk about the problems with goods and products being able to get into the united states, mexico as you know the third largest trading partner with the u.s. , and over the weekend we saw extremely long lines at some of the international ports of entry and some of the crossing bridges, in fact one of the cargo lanes completely closed. they normally process up to 300 or 400 trucks a day and that was closed entirely here in el paso on saturday, so david, we talked to some commercial truck drivers who told us they waited in line for more than 10 hours, just to

get their goods, their 18 wheelers from the united states across-the-boarder, to the factories and the manufactures here waiting on this side to get their hands-on those products, so a domino and something the president himself warned of here david: and the emotional side of all of this, you show that very clearly, casey. it's extraordinary good stuff thank you very much. we have breaking news to tell you about. sources are telling fox news that secret service director randolph als is stepping down, sources say he was briefed a couple of weeks ago about a possible leadership transition at dhs that has happened as we all know, and this departure seems to be part of that transition, majority it not be the last part, but again, change up with the secret service we'll have more on that, right after this.

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david: new questions about whether democrats are on the same page over policy, democrat candidate elizabeth warren saying her party has to push policy not just an anti-trump message, as president barack obama is warning of a "circular firing squad" between progressives and moderates, to haled schultz spokesperson aaron mcpike and cabot phillips good

to see you both. aaron what do you think is president obama right? >> i think that he is right because we are seeing so many democrats go far to the left, look, you know, michael bloomberg has decided not to run and he may do it again, vice president biden hasn't yet decided whether or not to run and moderates are getting drown out in this party. it is going to the far left and elizabeth warren is certainly meeting the way on policy but we're seeing a lot of socialistic policies, a lot of comments about the government taking over healthcare among other things. that's where the democrats are right now. that's what we need. david: cabot, let's talk about biden because he did pushback on friday in a way that i haven't seen pushgcc within the democratic party against the socialists, very clearly. i mean, he mentioned socialism by name. he said the far, far, far left is not going to win in most of the races. it's going to be more moderate to liberal democrats who are going to win. are we finally seeing a pushback to the left so that maybe the party can get more to the center

>> well i think it says about where we are as a country and as policy is for the left when it's a controversial thing to say no, we're actually not the party of socialism and we still support capitalism in america and it shows that socialism is not this fringe element of the left and no longer this fringe topic like many people think for the first time ever in a recent poll the majority of people under the age of 30 said they would prefer socialism over capitalism so this is a larger part of the democratic party than some people like vice president biden would like to admit and for many of the candidates say we want to focus on these issues sadly there's not much of an incentive to do so. at this stage of the race so much of the campaign is about building name recognition, getting media attention and sadly when people bash trump that gets the media attention and their name out there when they provide policies and have discussions sadly those aren't things that get coverage for them. david: and erin, substance is more important than labels because frankly if you look at a lot of what the democrats are proposing, particularly i don't want to always pick on aoc, but

you look at the green new deal, you look at medicare for all, how can you claim as elizabeth warren for example, does that she's a capitalist and still be in favor of policies that the would steer this economy almost holy over to the socialistic side? >> well that's just it aoc and others are talking about very unrealistic things and then you have other house democrats trying to get donald trumps tax returns, they're really going after him and focusing their time on investigating him and no one is really talking about the american people and in fact, donald trump right now is theres a lot of chaos going on in that administration between all of these firings and firings by tweek. who is actually talking to the american people and trying to figure out what they need? and that's what howard schultz wants to get back to tomorrow and wednesday to talk to the american people. david: but cabot i think that's what the president believes he does with regard to tweets. president trump is directly dealing with the american people

or at least his base, and continuing to do so very successfully. he hasn't lost a bit of that. >> you're absolutely right if president trump feels like the media is not getting the fair shakedown, certainly twitter is a great way to cut through the noise and get your own message out there and as far as democrat policy solutions so much of the left platform is not even to have a policy solution or proposal, simply to bring more big government, more government intervention and you bring up the policies they are discussing the green new deal medicare for all, free college tuition, all of those things are not policy proposals simply saying let's make everything free and have more government intervention and i don't think that's a message that's going to resonate with people especially at a time right now where the economy is doing so well and i think the fewer distractions there are the more candidates are forced to focus on the economy and it's hard to say it's not doing well. david: do you agree cabot that you can't be in favor of a tripling of the federal budget without turning into a socialistic economy? that's how much all of these policies is tripling as bad as

our debt is now imagine what it would be then. >> that's absolutely how they start and they use these words like green, and it's all about compassion and it's all free, that's helping poor people. there's nothing compassionate about going billions of dollars into debt in the name of equality of outcome. david: you got to leave it at that cabot and erin great to see you and erin's boss will be on by the way on fbn, howard schultz will be on countdown to the closing bell with my friend liz claman today at 3:00 p.m. eastern on fox business meanwhile global tech crackdown, could what's happening in europe spread to the u.s.? more on that after the this. now i'm thinking...i'd like to retire early. let's talk about this when we meet next week. edward jones came to manage a trillion dollars in assets under care by focusing our mind on whatever's on yours. . .

david: this week tech will answer tough questions on capitol hill. that is always funny seeing politicians pretending they know something about tech. google and facebook will appear before congress to talk about what they are doing to curb the spread of white nationalism and separatism. wednesday, facebook and twitter will be at hearings on tech censorship at free speech. it will be interesting, always that relationship between the tech geniuses and the political folks who try to pretend they're between -- genuses but never quite make it. i'm back at 5:00 p.m. eastern. we have special panel. mike huckabee joins us on the

panel. here we have deirdre bolton in for charles payne diedre: in a move shaking up washington kirstjen nielsen has resigned. sources say president trump grew increasingly frustrated as number of border crossings skyrocketed. we'll tell you about the next best steps. democratic candidates unleashing on cap tailism, as senator bernie sanders takes a position. charlie kirk with his take. all that and more coming your way on "making money"