to buy some you can take a little bit off the table. the market will not go straight up from here in my judgment. with very to consolidate a little bit. [closing bell rings] liz: that was a nail-biter, but definitely not out. this is time for "after the bell." melissa: amazing the panic is over. shocker, stocks fighting back, major averages ending way off the session lows after president trump reignited trade tensions with beijing. threatening to hike tariffs when a top negotiator and dell pages of 100 fish officials were arrive in d.c. for new round of talks. look at that closing down 67 points. i'm melissa francis. ashley: hello, melissa. i'm ashley webster in for connell mcshake. this is "after the bell." now the s&p 500500 and nasdaq

rebounding from session lows. we had more trade headline in the afternoon. we all ran back the other way. we have fox business team coverage from washington to wall street. edward lawrence from the white house. kristina partsinevelos on floor of new york stock exchange. what a day it has been down there. jeff flock watching oil from the cme and jackie deangelis in the newsroom. we begin with edward lawrence from d.c. reporter: what a ride it has been. movement on the trade deal if liu he gets on a plane for the united states. he was supposed to be on a plane on sunday but that flight was canceled to the united states. he says the trade negotiations are moving too slowly. china wants to renegotiate. china pulled back some of the concessions they made last week. trade sources say during the

meeting this last weekend he made the decision to raise tariffs on friday from 10% to 25% on $200 billion worth of chinese goods. in addition to that add tariffs of 25% on 325 billion of additional chinese products coming into the united states. in his words, soon. we don't have a time frame on that specifically. now the president again trying to decide what to do next. the chinese also trying to do figure out what to do next. listen to this here. take a look at what the spokesperson for the foreign ministry said. >> >> translator: we're getting more information about the situation and i can tell you that the chinese working team is prepared to travel to the u.s. for the talks. reporter: we don't know what the size of that delegation will be. none of the delegation got on a plane on sunday, i can tell you that. in order to make a meeting here they have to get on a airplane in the next eight hours or so some china watchers are applauding what the president is

doing here. >> trump isn't about to have it. he will stick up for his guns. wait until we get a good free trade deal. what that happens the rockets will be ignited, charles. it will be very exciting. reporter: the chinese market showed weakness. labor numbers were stellar. sources telling me the president was upset about the fact that the concessions were rolled back. that was a catalyst for his tweets there but analysts are telling me the reason he is able to do it is because our markets are fundamentally doing so well. back to you. ashley: they are indeed. edward, thank you very much. let's go to kristina partsinevelos. what are the traders saying on a real rock and roll monday? reporter: literally one trader said looks like trump can do no wrong or the president can do no wrong based on 400 point swing. i i was talking to another trader they said the volatility

is good thing. they haven't seen the vix move much at all in 2019. an opportunity to get into the market. what a trader told me what you saw was an emotional headline, people selling off and buying back in. people hedging their bets. there is hesitation maybe the deal won't follow through by end. week so some people are paring back their positioning. what are you seeing unitedhealthcare, chevron, pfizer all in the green. dow laggards, those most heavily with exposure to china, nike in the mix, apple, dow dupont. surprised it closed up in the green. apple was on there before because its exposure 20% of its revenue is exposed to china. you're seeing a little change with 3m on the board. nonetheless china's economy is slowing. they definitely want the trade deal to go through. markets what a swing day. ashley: we're looking to see who get as on the chinese plane i guess. kristina, thank you very much.

melissa: here to talk adam lashinsky, fortune executive editor, fox business contradict tore and mitch rochelle, cwc partner. thanks to you both for joining us. adam, do you think the rebound is folks think at the end a deal is going to get done? >> i suppose. i was listening, only thing i could hear was the comment from the chinese foreign ministry that they are in fact going to come. it's a fairly sad day when our market can do gown and up hundreds of points based on whether or not a chinese trade delegation is going to get on an airplane. that is because we have a president who shows about the same discipline negotiating with them as he did in his real estate deals. melissa: see, that is very interesting take, mitch. because what it seems like he was showing that he is willing to walk away from the table. so as chuck schumer who jumped in to congratulate him, told him to hang tough in there, he was

showing he was willing to cancel the meeting and that economy is stronger, they better come to the table. it is not a real threat unless it is believable. the market seemed to believe it but now coming back. what is your take? >> what is interesting, precedent was set when he walked away in the north korea proceedings couple months ago. this diplomacy happens with quote-unquote back channels. that is not the way president operates. he is right there for the whole world to see in twitter. that is an unusual negotiating strategy for this kind of stuff. i think markets are trying to figure out how to react. when they realized what it was, they went back to normal. melissa: ashley? ashley: let's go to oil prices rebounding from a one-month low from the president's tariff threat. let's get to jeff flock from the cme with that part of the story. jeff? reporter: looking at the latest close, but latest trade in the after-hours we gained another 50 cents in the after-hours after closing up believe it or not most of the session down.

would you expect oil to be up. look at intraday. but it didn't. why? because of the president's tweet. that overtook the news about hamas and israel, closing the straits of hormuz, u.s. carrier to the persian gulf, that all would have driven oil up. it didn't at the outset but it did by time of the close. there was only one, ag futures were down big time too. i'm in the only pit that had limit down today and stayed limit down. that is the hog, lean hog futures pit. that was down $3.100 weight. it stayed down at the limit. that is the only one. the other ag futures to the positive. one soybean trader hit hard, came back, told me, whatever deal the president makes with china it will be better than the deal we've to the now. go ahead declare victory and sign it. let's get 'r done. melissa: if you had no discipline that is what you would do, cave and sign the deal. hard to hang tough in a negotiation.

anyone who bought a house or car knows that well. reporter: you're a tough girl. melissa: i sure am. don't screw with me. ashley: i certainly wouldn't. melissa: good idea. boeing dragging on the dow, fallout over the 737 max investigation. the company allegedly did night share information about a cockpit safety alert problem with regulators or airlines for about a year. this according to a new "wall street journal" report. jackie deangelis in the newsroom. quite a story on this one. reporter: it is, melissa. it is quite a big development. shares of boeing were able to recover, down a percent and a quarter. they were responsible for a good bit of dow losses. part of the strain on boeing's stock comes from a disclosure that the company knew about a key safety feature defect in 2017 well before that fatal lion air crash. the company said when it found out about the problem it concluded the feature wasn't needed to safely operate the

plane of the company said also initially only engineers knew about the problem. it wasn't until the lion airplane crash that senior management became aware of what was going on. the aftermath of that lion air crash that other airlines operate the 737 found out about it. for example, southwest. there is multiple inquiries going on here, including a criminal investigation. boeing said there is no estimate of how steep the liability could be when it reported the first quarter profit shortfall. investors of course are concerned because 737 sales are modeled in to be 1/3 of the company's revenues for the next five years. boeing's stock has fallen more than 7% since that march crash, guys. melissa: jackie, thank you. ashley: adam, mitch, you're back here. let's get into boeing a little bit. adam, to you first. how much of a black eye is it? the more we dig into the storing it does appear boeing did fall down on number of hurdles, only used the word to come clean as

more details emerged. how much of a black eye is this for boeing? >> huge black eye. there are two separate issues. one fixing the problem. history would suggest boeing knows how to and will fix the problem. the bigger problem you will is the black eye you're referring to. reputational hit to the company and to its leadership. leadership i think is, i would say crippled is is not too strong of a word they have lost the trust of the marketplace. ashley: mitch, they have a 20 year backlog. even customers that want to pull out it will take years to have another aircraft put together and delivered. so you're kind of stuck with boeing is one way you would put it. they are one of the preeminent plane builder around the world. in the long term can they get past this? >> short term you clearly have a messaging and stakeholder relationship issue. sort of to bring this and previous story together, the other thing to remember, china is considerable player here.

right now you have airbus. you have boeing. but china has designs on being in the air frame business to compete with those two players. it will be really interesting over the longer term whether or not china steps up as a competitor for both those two. ashley: that is interesting. a third big player. adam, mitch, thank you very much. melissa: a new warning for iran. the trump administration deploying a task force of bombers to the persian gulf after credible threats from the iranian regime. what the message could mean for u.s. relations going forward. ashley: plus down playing the latest threat from north korea. why secretary of state mike pompeo says there is still an opportunity to denuke the rogue regime but is he right? melissa: a royal bundle of joy. details on meghan markle and prince harry's new addition to the family coming up. ♪ all money managers might seem the same, but some give their clients cookie cutter portfolios.

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ashley: the battle is es escalating. the democrats want president trump's tax returns. the treasury department could respond. if they get them will they be redacted? reporter: i don't think they will be turned over. the we'll see the final decision from treasury to see what exactly they will do.

there is request from the 207 democrat on the house ways and means committee, richard neal who wants six nears of president trump's tax returns. on april 23rd treasury secretary steve mnuchin wrote the following to that congressman there about his request. in a letter mnuchin said although federal law establishes no deadline a response to your question, we expect to provide the committee with a final decision by may 6th after receiving the justice department's legal conclusions. we are here on the sixth. the treasury department enlist the help of the department of justice as the treasury department in that letter said it had quote legal concerns about what the house ways and means committee was asking for. in fact at one point in that lear steve mnuchin said the decision quote, that would set a precedent that will reverberate for years to come.

we await the letter or response from treasury secretary steve mnuchin. president trump says he will not release tax returns while he is unaudit. as a matter of routine dating back to water beat, at least the watergate era the vice president and president are routinely audited by the irs. we'll await the final response. ashley: 43 minutes and counting. blake, thank you very much. melissa: michael cohen, president trump's former attorney is beginning a three-year prison sentence after pleading guilty to charges of lying to congress among other things. cohen speaking to the press as he departed his new york city apartment saying quote, there still remains much to be told. i look forward to the day that i can share the truth. i don't know, i feel like he has been gabbing, we'll see what he has to say or not. responsible for the economy. 2020 democrat cory booker calling out president trump for craking credit for the economic boom he says started unformer

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ashley: breaking news the remains of a jet have been found after it disappeared en route from las vegas to monterey. the aircraft had 11 earnings and three crewmembers on board. we'll be monitoring this event. we'll bring you any updates throughout the hour as soon as they become available. that's the latest. >> i love that trump is taking credit for a recovery started under obama. the who is this economy going to work for? we have to make sure this is shared recovery. right now it is definitely not. melissa: 2020 presidential hopeful cory booker downplaying president trump's impact on the economy claiming that former

president obama deserves credit for the economy. larry kudlow firing back. >> what mr. booker and others are saying is not true factually. potus's policies, to be honest his policies entered us into a tremendous prosperity cycle jo let's bring in dan henninger from "the wall street journal" and fox news contributor. i wonder if cory booker does numbers at all? if you look any of the data came out of federal reserve, st. louis federal reserve the recovery was slowest on record. if you look at the gdp numbers, the economy was stalling in the last year of president obama's administration from 2% growth to 1.9, 1.8. it bounced right back when president trump came into office. disparity between rich and poor grew dramatically wider under president obama. that has closed while the president has been in office. stop me anywhere. what do you think? >> that takes care of cory book

ear's argument economically. politically what is the upside? there is one set of numbers he understands pretty report, he needs 65,000 donors registered to get on to one of those democratic debates. he is nearly 2,000 donors short. he is doing okay in the polls but nonetheless. he is really coming up on the short end of the donor base out there. he is drawing attention to himself. but on those, the question of the obama economy versus the trump economy melissa, i do not understand why cory booker is making a point of attaching himself to the obama economy politically. pretty much for the reasons you suggest. look the democrats are trying to appeal to a lot of millenial voters, younger voters. they are the people who personally experienced deprivations of the obama economy. lack of job opportunities. they knew they were getting creamed during those years. and larry kudlow is certainly right. there has been tremendous job

creation during the past two trump years. millenials are benefiting from those jobs. if i were cory booker i would kind of try to push the ball forward and talk about aspects of the current economy perhaps are not being addressed for younger voters. for instance, the access to health care, if you have a part-time job. issues like that. but why attach yourself to an economy that really did not do much for the voters you're trying to appeal to? melissa: we're looking on the screen when you divide it up by ages. they want to separate out pit people against each other by race or socioeconomic class. even when you look at that, the president always talks about, at or near record lows unemployment. for these, all of these ethnic groups on here, they are at or near record lows right now under the president. also if you look at wage growth. we all know that it was completely stalled during the

recovery eight years president obama was in office. we see wage growth accelerating above 3%. it is growing fastest at lowest end. they're closing in on the upper class. you kind of rely on people not looking at the numbers. instead sort of going with the emotion of the argument. that could work though? >> i don't know whether it could work or not. those effects you're describing, effects are real. wage gains. people were watching for when we realize wage gains and now we are. i got to tell you, melissa, i if i were the white house i would turn this around, if i were president trump i would appeal to black and hispanic voters and making it clear to them the benefits they have gotten under his presidency. try to attract their votes over to him, rather than let cory booker make appeals like this one. melissa: before you go i want to get you on the breaking news we heard a little bit ago.

so we're hearing we may hear from the treasury department on their response to the question about producing president trump's tax returns. we might hear that, you know within the hour. blake burman was talking about this. what do you think is going to happen? do you think he will walk out with the tax returns and hand them over to reporters? >> i say chances are less than zero he will walk out with the tax returns. this is something that the president is dug in on. he is not going to do it. you might have been able to make an argument back when all this began he should have released some of those returns. it is not going to happen now. we're off to the courthouse. melissa: stand by if we get the response within the hour we might, we'll bring you back if you don't mind? >> sure. melissa: ashley. ashley: guess what, a it is a royal baby boy. the duke and duchess of sussex welcoming their first child into the world. a very healthy 7 pounds, three ounces. a moment prince harry described

absolutely amazing. >> i'm so incredibly proud of my wife. as every father and parent would ever say, your baby is absolutely amazing but this little thing is absolutely delightful. i'm just over the moon. ashley: over the moon, the new baby is queen elizabeth's 8th great grandchild. the 7th in line to the british throne. i'm been pushed back five more places. melissa: i want to know what the name is. ashley: the betting shops say arthur, james, phillip. those are the three. phillip maybe, the grandfather. melissa: nothing like moon beam or -- ashley: wouldn't that be something? melissa: something really off the wall. ashley: sky blue windsor. melissa: there you go. heading to the white house president trump getting ready to welcome tiger woods to pennsylvania avenue this evening to present him with the presidential medal of freedom. annika sorenstam, world golf hall of fame member joins us

later this hour on just how big of a comeback this was. how hard was it to get back from where tiger was? she has got perspective. ashley: a great interview. secretary of state mike pompeo saying yes, there is still an opportunity to negotiate a full denuclearization in north korea. so what are the next steps? melissa: the united states deploying forces to the middle east to send a message to iran. the administration saying we are fully prepared to respond to any attack. details next. ♪ ent you want to follow your passions rather than worry about how to pay for long-term care. brighthouse smartcare℠ is a hybrid life insurance and long-term care product. it protects your family while providing long-term care coverage, should you need it. so you can explore all the amazing things ahead. talk to your advisor about brighthouse smartcare. brighthouse financial. build for what's ahead℠

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ashley: calling it a clear unmistakable message to iran national security advisor john bolton announced that the u.s. is send an aircraft carrier and bomber task force to the middle east in response, to quote, number of troubling escalatory warnings on the part of tehran. joining us peter brookes from the heritage foundation. he is former deputy assistant secretary of defense. peter, thanks very much for joining us. >> good to be here. ashley: peter, does this action indicate on the behalf of the threat to iran more substantial than normal? what should we read into this. >> iran is serious threat to international security. we all know that from involvement in syria, yemen, ballistic missiles, support of terrorism, actions in the gaza strip, hezbollah you know all of that. ashley: right. >> seems there was intelligence we received from a foreign

intelligence agency, perhaps the israelis that indicated an imminent threat to u.s. forces or u.s. interests in that part of the world. that is what is spurring this reaction, movement of forces as well as a carrier strike group. ashley: is this part of the, you know, waivers to sanctions iranian oil running out? one thing recognizing iran revolutionary guard as a terrorist organization, has that prompted this activity from iran do you think? >> well it is not sure this was something that was put into motion but you're certainly right. those are great reasons from iran's perspective why they're angry with the united states. we put irgc on a terrorism list. maximum pressure campaign, as a business network this has to the iranian economy. real fallen 60%. cost them billions of dollars in oil revenue. removal of additional waivers on oil exports is also going to

hurt them. i think they may be spoiling for some sort of fight. ashley: by putting a big aircraft carrier out there, more, if you like, military resources, does iran get the message? do they generally back down? >> well, hopefully. we always talk about an aircraft carrier being 90,000 tons of diplomacy and deterrents. it will send a very strong signal to the iranians. it is good that we know. it shows them that we have intelligence that can keep us on top of their activities which is probably alarming to them as well. ashley: while you're there, secretary of state mike pompeo striking an optimistic tone with north korea despite a missile launch over the weekend that is the first since november of 2017. take a quick listen. >> negotiating a good resolution with north korea to get them to denuclearization. we known it would be a long path and we've known it wouldn't be straightforward.

i extend our negotiating hand to them since hanoi. ashley: we had missile testing. we had kim jong-un visiting vladmir putin in russia. is he kind of poking the president a little bit saying remember me? >> yeah sure. ashley: trying to poke the bear. >> yeah, sure, kim will not be ignored. that is part of it. his relationship with russia, allows russia to introduce itself into the nuclear negotiations. you know how relations are with russia right now. it is important to point out this was not a long-range missile test. ashley: right. >> the last long-range missile test going back to 2017 this is shorter range missile we know so far. not in the same category like a icbm that can threaten the united states. it certainly threatens allies in out cree and japan and our brave forces in the region. north korea will make provocations to try to move things to their advantage. it is important that dialogue continues. it is important we don't overreact to some of these north korean provocations.

we've seen years and years of them. seems to be their method of operation. ashley: about 30 seconds, peter, you know this as well as anyone, can the president be successful getting north korea to do what we would like them to do? >> it's a very heavy lift. mike pompeo had it right. it will be a long process. i would like to see additional working groups set up, working, lower level officials that can support the tremendous efforts has made at senior levels and before we have a third summit. ashley: peter brookes, from the heritage foundation, great stuff as always. thank you very much. >> thank you. melissa: israel and gaza militants reached a tentative cease-fire to end the deadliest fighting between the two sides since the 2014 war. jeff hall is in jerusalem. jeff? reporter: after heavily violent weekend the area, we didn't hear any of those warning signs or see any streams from rockets that were in the sky. here in the israel-gaza border

starting to solely get back to normal but the damages from this latest conflict are heavy on both sides. several buildings were leveled in gaza after being hit by israeli airstrikes. among 27 dead in gaza, two were infants and two were pregnant women. israel rockets from gas killed four in several neighborhoods. we were on the ground and some some of the destruction up close. this is where one of rockets fired from gaza hit in israel. we're told it happened around three a.m., sending shrapnel into a home where a man was trying to get into his safe room but was hit and killed prime minister benjamin netanyahu said he was ready for the next conflict. that is what we saw in a field from the southern israel this is few miles from the israeli-gaza border. a few days ago it was empty but now full of tanks and armored

vehicles ready to respond to any escalation. islamic jihad in gaza say they're ready for the next confrontation. ashley? melissa: jeff along those lines, how long do you think, or how long do people there think the cease-fire might hold? reporter: the people on the ground they kind of told us they are sort of breathing a sigh of relief but they know this is a very fragile cease-fire. they could find themselves in the middle of violence at any moment. melissa: no doubt. thank you, jeff paul. ashley: as we know anxiety rising over a possible u.s.-china trade deal. will it get done? will it not? where does the president stand right now with beijing? what does it all mean for our economy? plus controversy at the kentucky derby, the owner of the disqualified horse, is it interference? i guess we'll find out. maximum security is is the name of the house. the owner is filing an appeal this afternoon. we'll have the latest on the dramatic turn of events coming up.

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ashley: saying no to china renegotiations for now, stocks staging quite a comeback today following president trump's threat to raise tariffs on $200 billion of chinese goods and potentially more, saying that the trade talks are just moving too slowly. the dow ending the day just 66

points down after being down 471 points at the beginning of the session. joining us now robert daley from the wilson center. he is director for the kissinger institute on china and the united states. thank you so much for joining us, robert. okay, if i'm china, how do i respond to those tweets from the president that were very strong, very direct, very threatening? this is an unorthodox person they're not used to dealing with. we do understand a delegation is coming here, maybe not everyone on board that originally planned to be here. how do we expect china to react this kind of tactic? >> they have seen some of these tactics before from the president. they have seen tactics walked back and result in further delays. this has attention of chinese leadership, chinese stock markets and chinese people, it appears a low level delegation will come on wednesday.

vice premier liu he who was to lead the delegation will not come initially. he may join the delegation a few days later if there is a deal. china says it will not negotiate with the united states with a gun to its head. they will not send their top negotiator unless it looks like there will be an amicable settlement. ashley: certainly the next move is china's. perhaps there is sense originally what was agreed to, we don't know for sure, they're trying to take back some of what they agreed to initially. that is what slowed the talks down, what has annoyed the president. have you heard something about that? >> it isn't clear whether they're actually trying to renegotiate and walk things back which is a perfectly feasible claim, or whether it is simply they now finally have a written text, this 150 pages. so sometimes when you speak about things and you agree to things in a conversation, that's rather different than when you see it in black and white, have to think about how to sell it to

their own people. xi xinping china's leader would like this to end, i finds it highly annoying. he can't afford to look weak or look like he is caving. for china it is delicate. they would like to get a deal but they can't look like they agreed to something not in china's interest because they were threatened by a more powerful united states. ashley: that raises the key question, how can we get a deal with china, a deal that we want addressing all the issues that have been a problem and yet still enable president xi to walk away and save face? >> well we can't. we have defined this in a maximalist way. we said this is not only, tariffs are not only about trying to correct the trade imbalance, for many american economists it is not primarily about that. they don't think that is the problem. the administration correctly said there is much bigger slate of issues in u.s.-china economic relations which include technology transfer, china's support of its state-owned enterprises, its subsidies to the enterprises.

we said that has to be part of the deal. china will not take that. they will not make those concessions because what we're asking for is central to their mode of governance. this will be a compromise. china wants us to give something up too. so it isn't clear where this goes, or if indeed it ends this week. ashley: indeed, how long it goes on. robert, thank you for your expertise today. we appreciate it. >> glad to be here. ashley: thank you. melissa: maximum security won the kentucky derby but was disqualified for so-called interference. the owner is filing an appeal. we're trying to see it. fox's matt finn with the drama that has gone way beyond the finish line. matt, people are worked up on this on both sides. reporter: absolutely. we can tell you owner of maximum security the horse has filed an appeal with the kentucky racing commission. he is slamming this facility, churchhill downs and the judges during saturday's kentucky derby

saying that he could see that spot on video where his horse apparently might have broke the rules and interfeed with another horse but that historically happened many times during the kentucky derby says that he has been unfairly punished this year. he said the judges are not being transparent. he calls churchhill down greedy for squeezing too many horses on the track for more profit. here is gary west. >> it was literally like the old tv show, the thrill of victory and the agony of the defeat all within a 22 minute period of time. they have been about as non-transparent about this whole thing as anything i have ever seen in my life. reporter: a churchhill downs spokesperson responded in part, writing quote, the infraction committed by maximum securities, the horse, has nothing to do with number of horses in the race which has been a consistent number for many years. the kentucky gaming commission tells fox business it expects to

respond to some of gary west's allegations at any moment. for 20 minutes on saturday, maximum security the horse was declared the winner at churchhill downs, but jockeys objected saying he broke the rules by cutting off other horses. after a review the stewards agreed. churchhill downs says payouts were held until the final decision was made. about $42 million was cast on the 2019 kentucky derby. $6 million on the original winner maximum security, only $500,000 on the second declared winner. so he clearly was not favored to win in comparison to maximum security, melissa. melissa: matt, the people that care about this sport the most, that know the most about this sport are on the ground and on hand at the kentucky derby. it is the biggest race. anyone who is anyone in horse racing is there. they're well-educated folks. what are the people on ground there saying to you about how they feel about this ruling?

reporter: melissa, we got to speak to many people that were here. they said they were originally outraged and confused. a lot of people said, hey, i place ad lot of money on maximum security he was clearly favored to win. because of this default ruling the horse was not favored whatsoever won. we talked to a few experts say this decision might not have been the popular one but it was right one according to rule book. this issue sheds light on the fact that horse betting, horse racing rules vary by state. one expert told us if this took in the state of new york the outcome might have been different. perhaps it is time for a nationwide rule book for horse races, ellis is a. melissa: wow. maybe congress should get involved. no, just kidding. can you imagine that? ashley: no. i bet the bookies are laughing because the favorite is now disqualified. anyway, tiger woods to the west wing, yes, in just one hour, the golfing icon set to meet with president trump at the white house where he will be awarded the medal of freedom. we'll talk to world governor

hall of fame member annika sorenstam about tiger's historic comeback. don't miss it. it is next. ♪

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melissa: very honorable comeback. president trump will present tiger woods with the medal of freedom in just about an hour from now after woods won the masters. his first major in more than a decade. joining us now on the phone is annika sorenstam, former professional golfer, world golf hall of fame member. thank you so much for spending time with us. i'm trying to put this in perspective for our viewers. how surprising or shocking is it to you as someone who dominated the sport for so long to see someone come back like this? >> well, first of all, it's amazing. i have to admit, i really didn't think he was going to come back this far.

what we saw of tiger over ten years ago and now we saw the last few years, it's just a total different person. it's very very impressive, what he has done to come back, not just from a golf perspective but i think from a life perspective. it really is a career comeback. fantastic to see obviously as a golfer, we know how much he's meant to the game and what he's done. he's broken so many barriers in the game. i think this is fantastic for him. melissa: i felt like it was an important story for anyone who has ever been down and that kind of is what unites the fans who watch. maybe you didn't like him and a lot of people complained about all of the things that he did in the past, and this, that and the other thing, but for anyone who has sort of been on top and really knocked to your knees by life, to fight all the way back, how much harder do you think that is in the public eye? >> yeah. i think you're right. this is something anybody can look at and get inspired, whether it's in sports or business or just personal. to go through what he has gone through, then really fight back,

so many stories you read, if you play golf you know how important this is, but just from a mental standpoint, feeling of being down and fighting your way up, i think that's really what tiger does so well. we all know he's an extremely good athlete but he has mental will, this strong power to really show people he can do it. i think it's a story for everyone really, to never give up and continue to work hard. like i always say, dreams do come true. melissa: yeah. you know, from a physical perspective, given age and injury, how unlikely do you think it was? >> oh, i mean, i don't really have the percentage but i would say single digit percentage as far as coming back. these are some injuries that some people, they're life-threatening. not only to come back to your sport but compete at the highest level. we talk about club head speed, we talk about the rotation and everything and the strength, and tiger has proven that you can

come back and it's amazing to watch. i have always been a fan and i never thought he would come back but what he did at the masters just a few weeks ago, it brought me -- tears to my eyes and to see him walk to the 18th hole and see the family there, the kids, and just remember the first time he won when his dad gave him a hug, it was so special. melissa: my son was watching. when tiger took off his hat, my son said oh, i had no idea he was so old. if you are around tiger's age, that kind of breaks your heart to hear something like that. how much longer do you think he has after this? do you think that physically, can he stay at this level for any period of time? or is that, you know, that's going to be even harder now? >> i think i learned a lesson not to bet against him. he's 43 years old and i would say that winning his 15th major, it was probably the hardest one.

not to say that winning any major is easy, but i think he had this big hurdle to come back and win ten years later, i think this is really going to ignite him and now he's got the respect of the peers, maybe even the fear factor is coming back. if you look at all the other golf courses that the remaining three majors will be played on, we talk about pebble beach, he's done well there. the last one, the british open, these are courses that fit him very well. i think it's shaping up to be a really interesting year. melissa: thank you so much. i will see you at pebble beach. i'm covering the open out there. i can't wait. thank you for coming on today. we really appreciate it. >> thank you. look forward to it. ashley: you lucky thing to be out in pebble beach. the greatest golf course. melissa: what a boondoggle. don't tell everyone. ashley: enjoy every second. annika sorenstam dominant in her era. amazing in her own right. melissa: that is the point, for

anyone who has ever been down, in whatever it is, with that kind of determination. ashley: never give up. melissa: never give up. that does it for us. ashley: "bulls & bears" starts right now. david: breaking news. we are awaiting brand new details from the white house at any moment on trade as president trump turns up the heat in his battle with china, with threats of new tariffs. this on the same day china's lead negotiator was set to arrive in d.c. for what could have been the final round of talks. the entire delegation are responding to the president's threat by not getting on that plane in beijing yesterday. hi, everybody. this is "bulls & bears." i'm david asman. joining me to weigh in on this, kristina partsinevelos, kevin kelly, jonathan hoenig and gary kaltbaum. ambassador lighthizer and treasury secretary mnuchin holding a briefing right now on the very latest on the china trade talks. we have