i was jerry white, up 270 points. final work there. >> i will see you back in new york tomorrow. >> it starts right now. >> what a different today makes. yesterday's speech showoff, stocks hitting session highs, the president says the trade deal with china could absolutely happen. much faster than people think. i'm david, thanks for joining us. joining me today, carol ross, robert wolf, john and mark. the president telling reporters earlier today, american woman in the trade talks. listen. >> they want to make a deal, it could absolutely happen. in the meantime, a lot of money is being made by the u.s. our people want to go someplace else in china where they can

really, the ideal, the products in the usa. that's what i really want. you want to know something? we always win. >> let's bring in former u.s. ambassador, china max, thank you for coming. trump things the tariffs are working. you may not think they are. what would you do to get china to stop cheating on trade? >> frankly, he's doing the right thing by calling out the chinese practices. there's no question about that. calling them out, specifically what would you do? >> i would keep things right. lower the rhetoric. i would not tweet. i would negotiate with the chinese privately. sit down one-to-one and say hey,

we can't take any more of this. if you don't make changes, here are repercussions you will expense. you got to be private with the chinese. otherwise, they have to save face. they dig their heels even more. >> i'm recovering something, i am focused on the negotiation. if i'm chinese and thinking, there's an election coming up in the u.s. next year, do you think they are trying to use that as any type of leverage? >> i think they are. chinese think long-term. in the u.s. is short-term. election is coming up so they will keep the pressure on and after a while, the tariffs start to kick in, the american consumers feel to write more and more closer to the election. >> as you know and have been involved in this, you've been doing this a long time, he's been calling it out for a long time, both parties but what is finally going to take to get

them to change? >> i don't think they will change as we walked. china is china. the u.s. is the u.s. different cultures, different systems. like a lot of things they are doing but we cannot change china. we have to be stronger internally in infrastructure and all that. the economy will project more power. in addition, -- i wish we were. second, more coordinated effort with our allies. i've learned serving over there in china, when the u.s. stands up, and does it in a conservative way as our allies do, they get the message. one time is called a banking regulation and they propose and there's aftermath to american companies, we work with all the other companies, allies, one-time i spoke with them, they backed off. they realized they could not

conquer. >> great to see you, as always. i would totally agree that it would have made a lot more sense than a bilateral trade war. that is not working. i would have thought the best approach would have been tuesday in the tpt, that's how countries, except china, all actually working together to figure out how to do right trade, fair and balanced trade. this approach today and i know john will probably have more detail on it, pulling china, taxing consumers and then we give the borrowed money to promise, that not what they want. they want to be in business. they don't want subsidies. this approach is not working. >> i might add, simple. we cannot protect the chinese, we want to stop their rights. it will not work. at the same time, china cannot protect the u.s.

if they want to control things. once they realize, we got to live and work together, that will help. >> five john, what he says, never surrender, it's similar to what the economist party said after 1949, a century of humiliation when they said never again. they will never again give into that power. what are the odds here? a lot of people think we get this done because the chinese economy could be in public by these tariffs. what are the odds that we have underestimated the chinese resolve to not given to that power? >> i think it's a big probability that we underestimated chinese resolve. no question. they have a phrase, eat better. the great wave forward. in history, one with a have experienced deep suffering and

willing to do whatever it takes to prevail. >> the me ask you, you were focusing on these international organizations and how we should work with them. we have to met in the past china continues to cheat. we know they were cheating, they were stealing our intellectual property during past administrations whether they were democrat or republican so wasn't it time to try something else? >> i think -- this is not going to work. >> former senator from montana, farmers are feeling the pinch from the tariff war, the president says he plans to give $15 billion in aid to farmers and that is in addition to the $12 billion ministration already pledged to farmers last year. so what are your thoughts on the president plans to subsidize farmers? >> farmers do not want to be subsidize. they earn their living in the market. and like it when the government is paying them. they would much prefer to get

their product. >> think like that either. >> i think these people have spent decades building an incredible business. right now, you have more than we've seen, commodity prices are getting hit. now this competition around the globe that we are losing out to. i think the trade war never works. i don't forget smart tariffs have worked either. i agree the president should be tougher and tougher on intellectual property. >> using what tactic? >> i would actually go right there, i think if there is criminal going, the ftc, the trade factors, you go after them for trade practices, with respect to stealing privacy. >> you don't enforce their intellectual property rights in the u.s. you basically say there completely invalidated. >> we have spoken many times, you could have them stay their

course and literally go right at them on privacy. >> tpt when i serve in china was the most important vehicle management across my desk. i did it by myself two months before the election. forty-five separate members in congress both parties both sides on the issue alone and that was i tell immediately it was toxic. donald trump wouldn't support it, huge big mistake. >> i disagree. i worked for the president and i think most people believe it was the right move for our manufacturers, our companies to put america first. i also believe that too often we have seen many of our allies strike these ideals including a deal with china because they are trying to get their countries interest first and that helps us

lose that international result against a common felt. i think it's one of the reason why the present is using the american economy to deal with this issue from that position of strength is not waiting around for allies and hope they come along. >> we have the strongest numbers in years. extraordinary growth in the economy whether it's in wage growth, we are bargaining from a position of strength. >> we are the tiny only goes so far. they want to maintain their position, president of the country, the economy party, he wants china to rise, whether they keep pushing for technology in the future, whether it's ai, we've seen that. they note that is their future. >> okay, go ahead.

>> 52% of our soybeans went to china. now we are losing that business forever to present. the beginning that. it's not that easy to replace crops. still have to find a new market. what are our farmers want to do long-term? >> right now, let's stop the trade war. get the tariffs back so the china doesn't attack on american soybeans. let's do our best. >> way to seal. thank you. >> told school versus new school, alexander singling out to biden. we until you hear his side. every year, our analysts visit thousands of companies, in a multitude of countries,

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is trump was touting his a ministration revival of our current energy today in louisiana, democrats are battling out how far they should go in rejecting the industry. a test attacking joe biden's attempt to find a middle ground. tweeting out that there is no middle ground on climate change. last night saying this.

>> i'm here to tell you all democrats are good and all republicans are bad. if you simply elect someone with a d next to their name our problems will be solved. i've been told by people on both sides about that we need to talk more. build more pipeline. both sides. >> joe biden, also in new hampshire last night, campaigning firing back. >> i've never been more than that. you look at my record, the environment and green revolution. >> the question is, what will democrats and up with in terms of a policy for carbon energy in the coming election? >> it's not surprising that kelsey is going after biden.

he's the front-runner into supportive of the more popular swing. i think joe biden shows where he was. he was a supporter of the past record, what fascinating is hundreds of people under the country including china and russia and others, told obama i don't think there's one country that has followed trump out of the paris accord. climate change, we only have to find out the best way to handle it. i think working to figure how we can reduce carbon admissions is a good way. >> in terms of carbon energy industry, or cause you cortez was to get out completely. without be the policy you end up with? >> no. >> what else is there to say? [laughter] >> i agree with robert. it's a no. >> we can't get out of the

comment industry. is right, nothing wrong with doing something good for the temperament, cortez is wrong. you can't get on the common industry right now. you have to have a bridge. carving is finite. at some time, it will run out. 300 or 400 years, we have to build a bridge. the problem joe biden has his republicans had into thousand nine into ten when the people immersed to get through the primary, he will have to go through a space to a candidate who can win the election. >> on twitter the other day, after saying that we have 12 years and we are all going to die, she said i didn't mean that. i was being fantastic. don't you get my sense of humor?

that is super funny. she is a wife. she make things up and it makes no sense. i think for joe biden to, and say there are things that make sense, we are going to be bipartisan, maybe even comes up things like nuclear energy or being tough on china. things that would actually stick to the environment instead of coming up with cookie policies that she talks about to keep herself in the news. >> joe biden said it right there, there is no link for moderates in the democratic primary. they called him out and he's like, i'm not middle of the road. i endorse the green policies. it means you have to endorse the green new deal. if you, soft, you will find your support in the democratic party getting very soft, we are seeing that, they are driving them to the radical left. once again, it will be trump on the campaign trail saying, i will bring back carbon jobs. we are not an exporter of energy for the first time in all long time whether it's gas, coal, these are the things president is celebrity. democrats are going to the playbook of coal miners, they are putting them out of jobs.

>> the government to make this about the presidential election. we have 18 months to debate that. >> hold on a second, joe biden responded specifically. >> he didn't let it go. he responded -- >> an 18 month dissertation between me and him on what we think the president election. with respect to biden and aoc, it's not accurate that everyone has to sign onto the green new deal. it's the opposite. federal but a policy, a met today, a great policy. it's about public partnerships, it's similar to the whole infrastructure that we are talking about. joe biden hasn't signed on to the green new deal. neither has others. >> matrix to know where everybody is. [laughter]

>> we have to make sure we be the republicans, we have to get 20. >> we will hear more coming up. more socialist economic policies from candidates as the 2020 election gets closer but we are not hearing more about exactly how to pay for the policies. we are crunching the numbers for you coming next. always imagined your dream car as something fast. then one day you decide it just needs to be safe enough to get her to college and back. principal. we can help you plan for that. when you rent from national... it's kind of like playing your own version of best ball. because here, you can choose any car in the aisle, even if it's a better car class than the one you reserved.

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socialize universal basic income and tuition free college are being touted by various candidates have the 2020 presidential election but how when we afford socialism? crunching the numbers, what you have? >> good evening. how can we afford it? of the reasons we are able to afford many of the things we spend on programs in the country is because of big business,

capitalism and the engine that drives businesses forward. if you eliminate goes, a couple of things happen. none of the candidates are coming up with a real answer on how to pay for. a pitfall, it kills it. look at the biggest businesses, that we cover every day. look at the big tech names, microsoft, apple, google, amazon, companies that generate billions in revenue, they employ hundreds of thousands of people. in medicine industry, we got the breakthroughs in this country, pharmaceuticals, we are developing drugs, this is all because we are capitalist system. natural resources, look at what we've done in energy, fracking, technology, exploration, we are not nations largest oil producer. nobody ever thought we would say that. it's all because of the innovation and capitalism. the issue the proponents of socialism has, they are giving mixed signals. >> we talk about ideas like democratic socialism, putting democracy in society first.

instead of capital first. it doesn't mean people other things last or the actual concept of capitalism in society should be abolished or anything like that but the question of our priorities. >> let's go ahead and break this down. she's saying you had to put the collective goal first. you do that, something else has to go last has to add like a little. that will be innovation and wealth creation that would pay for the kinds of things the socialist candidates are talking about. it's very confusing when they get up there, they are not necessarily saying what they mean and if they are, equally scary. [laughter] >> good point. thank you very much. many millennial's are embracing socialist. bernie sanders, elijah is one of those millennial's and he joins us now to explain.

leisure, i am old school. i like to add up numbers. how do we pay for all of these policies? >> thank you. the answer is simple. the same way we pay for the new deal. tax on the wealthy. >> you don't think they are being taxed right now. >> nowhere near enough. a lot of them are paying $0 in taxes. i think we need to go back to our republican president. eisenhower 19 -- 95%. >> the republican plan. >> the numbers have been crunched. let's take the green new deal, it will cost about $93 trillion. i saw you have to tax one 100% of every dollar earned over 30,000 dollars and you still come up short. from paying for this. margaret said it best, the problem is we are going to run out of other people's money. >> i think we need to understand the cost of the green -- this

action, no action, is far greater than the cost of creating a bill. we have to do something or we will pay for consequences long-term. $93 trillion, we need to spend about 23 trillion dollars. that's conservative. we will be short $23 trillion if we do the bare minimal. we cannot wait, we have no opportunity to sit around and wait for people like joe biden to make up their minds. >> nice to see you, i have a challenge crunching the numbers and talking about this because i find socialism doesn't work. there is a moral argument here but selective deals in front of the individual, i think that it's really a big moral issue, not only that but it never worked anywhere that has tried.

socialism in all of history does not work. it's not an effective and efficient way to allocate resources. why are you advocating for socialism? >> capitalism -- >> $20 trillion. >> 40 million people live in the u.s. right now. over 60% of americans can't even afford a $1000 emergency. what their prescription drugs. explain to me how capitalism is working? >> we've had more billionaires, we've got more people out of poverty worldwide. the reason why people can't afford to pay for things is because they are enjoying the fruit of capitalism. not to link their vacation, not because they are not making money. >> they are enjoying it so much they can't even afford to pay for a $1000 emergency. >> putting away $1000. >> blame the poor. why not blame --

>> refused to pay taxes. >> i'll give you real numbers. i do with a lot of poverty around the world. some of the worst property in the worst places in the world dealing with a huge project right now. africa. capitalism has led to a reduction, from 30 something percent, 36% to 11% in extreme poverty in the world. there's no kind way to say this, it's just stupid. you are clueless when you come on here. you say 95% will pay for it and you say we have to, we can't. what is it you actually want? >> the problem is, the conservatives who keeps think we cannot do these things are the real stupid idiots. they refuse to talk about the fact that the billionaires don't

want to pay more taxes because they are greedy and selfish. that's why. >> i get a quick thought of questions, when you're young, you have to have facts behind what you are saying. >> i can give you real numbers. what you are giving me -- >> here's what i understand about -- >> one at a time. give him a chance. >> okay, thank you. i came here to answer and provide this. 40 billion people living in poverty in the u.s. without the social safety not that service are trying to decimate. eating feeling people would be an property. we seen a large growth and income for the top 1%. he can all benefit while workers continue to work hard and not see the other labor. that is problematic. 40 million people living in poverty right now in the u.s. is

more than a combined population of venezuela. >> just for the record, the median income for family in america is about $60000. i don't think that qualifies for poverty anywhere in the world. you have a final question? >> i would say elijah, i applaud you want to make change. when i would say is facts are important. some of those things, if i was sitting -- let me finish. if i was in your feet, i would talk about that one out of two students can't afford education. i would talk about foreign for intent can't up toward afford an emergency. real facts, 95% of the tax, a talk about how marginal tax works in opposed to an extreme tax. i think there's a lot better ways to talk about, a trickle-down economics is not working. can you come on a show and say

we should go to 95%, we can afford this or that, i think it takes away the balance of what you are trying to say. i applied you for your passion. >> we got to go but final word. go ahead. >> this isn't a pie-in-the-sky. this is something we have done before. i believe we need to have tuition free college education, medicare for all and i laid down three specific policies that i think most americans would enjoy. >> we appreciate you coming on. thank you very much. two men on thursday at 2:00 p.m. eastern, business town hall on capitalism versus socialism. we are answering questions that matter to you and your wallet. trump responding to a new report saying his a penetration has a plan to send 150,000 troops to the middle east. we lost whether an action would be another mideast war. that is next. >> we do not seek a war. but we've also made clear to the

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maybe that's why most of our clients come from other money managers. fisher investments. clearly better money management. breaking news, they reported donald trump junior has reached a deal by members of the senate intel committee. the first from family member to testify before the committee twice in the last time. they declined. they are back led the committee to subpoena him. engines have been high between u.s. and iran. new york times reporting the white house considering a plan to send up to 120,000 troops to the middle east. his after reports the military is blaming iran for explosions on oil.

here's trump responding earlier today and the times report about a cost possible to build up. >> i think it's fake news. right do that? absolutely. we have not planned for that. hopefully we will not planned that. we would sell -- if we did, we would send more troops than that. the new york times fakeness. >> let's bring in analyst, where is all this going? >> is it coming to? it's very serious. four ships were damaged. they think in the gulf of terrorism. we all think it's possibly iran terrorism. than what we had today was a drone attack against an oil installation in saudi arabia. highlights of the iranians. but i have heard a come of hours ago is that they are linked to iran so we are giving a very serious time, we had to take measures.

i think they did the right thing by sending aircraft carrier, missiles and deploying other weapons and then talking about the possibility of having special forces on the ground if needed. >> the drone attack has shutdown a pipeline. if you want to go after saudi arabia, they are helping with the functions on iran by giving the extra capacity so the world doesn't have an oil spiked shock. i ran inside have long histories between sunnis and shiites. the regime tend to never give up. even it's better for the economy. are they looking to provoke the economy? >> your first point deserves attention. these are, if you have a map, the oil and energy from where they are, across the desert into an area that would escape iran and influence.

that's why they were targeted on the other side. beyond that, you're right. leadership is careful, they know that if they engage with the u.s., they will lose their navy and air force and potential electronic warfare is. what they are trying to do is not to us as the allies and scare them. the fact is the tankers, in the uae and the cities are there with all their wealth. what they are presenting in the region. that's what iran is trying to do now. we all depend on our major. >> speaking of our major strategic answer, it seems like it would be such a bad idea for us to send our men overseas. we keep getting dragged into everybody else's business. we can't continue to be the world, so many things are happening on our one border. what you think and up happening?

>> i think the president agrees with you. he's never said he will spend 150,000 soldiers to do what? might where? me have my executive judgment and sending special forces if needed. special forces in the matter of the hundreds. talking about only a rent, what could happen to our forces in syria. the printable is, we don't want more world war three or four on the ground. at the same time, we cannot let iran take over the area and send missiles across the water to take us. that would affect us in the gulf, our economy and around the world. >> one of the things i thank you know so well and i do, this is a president who asked on a position of strength. if for no other reason, if a man looks at u.s. carrier group, 82

bombers now in the region strategically placed, even new york times fake discussion about 120,000 troops, you know they are rethinking airplane minor because when trump does something, he does it to win. >> absolutely. let me add one more layer. the deployment of these forces has an objective. they are not mobilizing anti- regime forces in the region. two days ago, there are crimes in the area, they ask from those areas. same thing happening in syria. they are getting stronger. we need to have allies on the ground. they need to have them on the ground. not necessarily us. >> great to see you. thank you for explaining all that. wanting covenant steve is now the 22nd democrat candidate making the 2020 bit. we'll tell you what he's got going for him that none of the other 21 candidates have. that is next.

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>> steve, stepping into a very crowded 2020 democrat presidential race. his a moderate second term governor, the only democrat couple elected to statewide office in the state president trump carried in 2016. could his policies for other candidates more to the center? maybe away from the left. >> i've had the honor of meeting him and a smart guy. i think it's going to be very difficult with him in this field to really resonate. >> because of him or his policy? >> i think one, you arty have vice president biden, amy, he's starting a couple of months late. my company, three actually don't have to go and introduce themselves. it makes it very difficult for him. if we -- he was one of three then yes. i could see it's much easier for him. i think it will be tough. >> let's be real here. five seconds today to try to identify his greatest accomplishments and he still couldn't do it. the only thing anyone in america knows about him, he's not

related to sandra. [laughter] >> she's an american sweetheart. he should be related to her. there's such a thing as analysis paralysis. people can only make choices amongst a few items or in this case, people. when you get this many people, there's no way to move these people that nobody knows going to have a shot. i'm not even sure what he's trying to get out of this. is he trying to get a deal? i don't even know what the point is for somebody like him to enter. >> somebody a little more pizzazz, you spoke with him earlier today, what are your thoughts? >> we had a great conversation, we spent a lot of time together. he went through, he's a great local message. hundred plus committee and he's resonated well with would take volunteer. he has to improve on his national ethics.

i think he's really doing this. he came out with her, chain proposal, he talked about them reform and a lot for being capitalist. he's calling it inclusive capitalism. the little different than what i would say to click down mix. it beat what we've been talking about today, socialism. i think he will resume, this is a pivotal time for him. president trump is not that popular in texas. texas is on super tuesday and if he gets, he probably will be here for a well. >> was the difference in his strategy as far as primary and general election? the huge difference, republicans go through it as well but right now, they don't have to because it looks like trump will not. if our economy stays strong but as far as the primary challenge, a left-leaning primer. have you talked about the different strategies?

>> i talked to 12 of them. i haven't talked to two happened to be in the far left lane. i think we are in a situation where at least 30% of the party is in the populace. excitement link right now. if you look at sanders and one, there's no question, 30%. on the upside, we saw in the midterms, 70% of the party is sent left. that's how we flipped from red to blue. i think we're a long way out from think that we know you have to be a populace left. you do have to be change and care and gone reform but there's different places in the spectrum. you have to be all the way to the left. >> let's remember, beta is campaigning on going down the wall if you selected and taking away guns. he won't even qualify to

challenge texas let alone win the general election. the positions that will get you folks. >> he was at the border couple of weeks ago. talking about how there was no problem at the border. doesn't that stick with them through the election? >> immigration is something that we have been debating. i think there are two of the congressman also said there shouldn't be a lot. i think they think trumps idea of a wall is not the best approach. my view is not close enough to it, but i think the top texas congressman republicans don't support the wall. >> did he play his guitar for you? >> he did. >> did you find his eyes to be dreamy? >> i won't answer that. [laughter] >> definitely not. >> watch out amazon. the largest retailer could be starting a new shipping more. should amazon be nervous? more on that when we come back. you wouldn't accept an incomplete job from any one else. why accept it from your allergy pills? flonase relieves your worst symptoms including nasal congestion, which most pills don't. flonase helps block 6 key inflammatory substances.

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and gold markets. ok. i'm plugged into equities. trade confirmed. and i have global access 24/7. meaning, i can do what i need to do. then i can focus on what i want to do. visit your online broker today, to learn more. david: walmart is taking on amazon, launching a free next day delivery service with no membership fees. customers in phoenix, las vegas and southern california who buy at least $35 worth of goods will get free one-day shipping on as many as 220,000 items. amazon firing back with a tweet. others are trying to up their fast shipping game. the fact is amazon mers in thousands of cities across 44 major metropolitan areas already have access to millions of items with same free same day delivery. customers are smart. they know the difference.

so is amazon getting a little nervous? >> no, i don't think they should. nor should they be. what should be getting nervous is retail. retail out there, original mom-and-pop killer walmart is going against the new mom-and-pop killer amazon. this is great for the two companies. i bought amazon stock a while back, but i bought walmart along with it because walmart has stores in every sy in america. when they to to same day delivery, they don't have to build warehouses like amazon does. it is easy for walmart to use existing stores as e-commerce center. >> this is competition. who benefits at the end of the day? the consumer. the as soon as companyies decides to up the game on shipping. everyone follows suit. david: forgive me, carl. that is the president stepping off the plane.

he was in louisiana all day. there is rally in new orleans tonight. there are no microphones around him. we may keep the pictures up, go ahead. >> i don't think he is delivering anything one day to anybody. i think it's a good thing. obviously the last mile to get to the consumer is going to be really important. i think they have very different strategies as john mentioned. walmart already has the stores all the way around. i think they will focus on difficult kinds of gods and services. >> walmart set a minimum price of $35. they will take a little out of their margins. amazon says, it is not losing them money. i find a five dollar thing being delivered is hard to believe they're not losing money on that. but i will not challenge amazon. i've been wrong a decade challenging them. david: mark? >> this is capitalism at its finest i'm waiting for first one to pay me to receive their products so. david: it is extraordinary. john, you have talked about this

a lot. rising tide can lift all boats. you don't have to have one or the other as the president pressing the flesh in the crowd here in new orleans. go ahead, john. >> you look what amazon has done with all mom-and-pop businesses. people were upset about walmart moving into small country towns. amazon is slightly different. they have third party sellers on the site. they have created a lot of start-up millionaires an few billionaires what they do. >> absolutely. walmart is starting to do that as well. these are becoming home platforms, instead of selling proprietary services they are helping everyone -- >> yes, aoc was wrong not supporting amazon in new york. just to make sure we're all -- >> can we get a high-five on that, robert? >> want to make sure we're all aligned to end this great hour. david: yeah. let's listen in for a second here. i think they got a mic on the president.

[inaudible conversations] david: the president is signing autographs. pressing the flesh. it is the political season. he will be in new orleans tonight. that does it for us. thanks for watching. see you next time. liz: welcome to the show. tonight wall street is calling it the rodney dangerfield market. it gets no respect. we'll explain why stocks are bouncing back in a big way today after yesterday's nasty selloff as president trump declared china deals could quote, absolutely happen. also tonight iran says it was not us. we did not sabotage those oil tankers in the gulf. we debate iran's claim it was the u.s. trying to draw iran into a fight. that story is coming up tonight as president trump says as fake news, "new york times" report that is suggesting that the white house is talking about sending 125,000 troops to the region. we'll debate the story as well. mondale democrats