cuisine, like military intelligence. contradiction in terms. >> jumbo shrimp. >> we should to to tea and sympathy. stuart: no, we're not. we're out of time. stuart it is yours. neil: the corner of wall and broad with the dow down 78 points. growing concerns nothing is happening anytime soon when it comes to china trade talks. they say, nothing is on the books. we've got a freighter now in the south china sea, nothing to do with trade, everything to do with china militarizing islands. we'll get into all of that. edward lawrence is in washington where those talks might stand and susan li on the huawei crackdown at the new york stock exchange. we're also going to have a little bit later on the former sachs ceo, and retailers likely feeling a lot of pressure, warning the customer about

pressure of tariffs and more expensive goods. first to edward lawrence. reporter: neil, at a stalemate. there are no talks scheduled although the u.s. programs to go over there for talks. chinese is looking for ways to escalate the trade dispute. they have everything that we import into china under tariff. well this morning the chinese president went and visited a rare mineral earth producer in china. the chinese experts are warning that china could look banning rare mineral exports in the united states. those minerals are used in making low carbon technology like some electronics. rare earth materials were among the few items not legsed among the next round of $300 billion of imports to go under 25% tariff. meantime the u.s. also making moves china is taking notice of. a u.s. destroyer sailed into disputed waters into the south china sea. a spokesman for the foreign ministry, says that the u.s.

needs to stop these provocative claims. a chinese ship told them not to do operation. spokesman for the 7th fleet, this operation was to challenge china's, what they're calling excessive maritime claims. this is added to the list of things that china is sort of upset with the u.s. about. they also include the fact that the u.s. wants to get tighter, strengthen relationship with taiwan. that is something china is not happy about. neil? neil: edward lawrence. semiconductor companies are not happy with the fallout with some cutting ties with huawei. it is far-reaching. susan li looking at the repercussions with all of that. hey, susan. susan: chip-makers and silicon valley giants caught up in the mess. apple down 3% along with google. this is after huawei was added to entities list, blacklisted by the trump administration.

we had this morning google announcing they're sevennerring ties with huawei. meaning huawei phones will not have access to android with a full suite of google services. they have to access through the open source version of the android operating system. not detrimental but difficult for the company, huawei, which overtook apple as the world's second largest smartphone shipper. intel the chipmaker, qualcomm, broadcom, saying they are suspending shipments as well. that is a big deal for ap can like huawei. in a statement to us fox news, huawei said they made substantial contributions to the development and growth of an void around the world and we will continue to build a safe and sustainable software ecosystem in order to provide the best experience for all users globally. that might be tough. zte, another chinese equipment

telecom maker, also put on the entities list last year up to seven years. president trump stepped in, ended that ban. before that the three months they were cut off from u.s. shipments zte was basically on its knees. checking in on how much huawei actually buys from u.s. companies, they paid $10 billion just to use silicon valley u.s.-made chips last year. so this is a big deal for huawei. maybe not a kill switch but definitely will cripple them for some time to come. neil? neil: those semiconductor earns can as well. thank you very much, susan li. the fact of the matter is though a lot of them have been preparing well in advance of that. already they're cutting their capital spending or been curbing it in the first quarter, for example, was moving at about 3% pace. that is about half what it had been in the prior month. long way down from 20% of capital spending that we saw in the year ago quarter.

now it was very strong quarter, so putting in that perspective here. but among the companies doing so, or at least reining back, apple, at&t, verizon, a host of others. let's get the read on all of this from market watcher david dietze, former assistant commerce secretary under barack obama on how long this drags out. so i'm looking at this, just realizing if you were to look at it, at these levels, not bad, still respectable we were coming off much higher levels. is that the trade doing it or the fact that these companies have been running already at a breakneck pace? what do you think it is. >> well certainly it's, the trade war has been something that has been very concerning with the tariffs and it is going to affect companies in a very significant way because of supply chains. the pressure that these tariffs are bringing to the fore, is something that will affect the

markets and affect business investment. it is something we hope if we talk to our clients at the institute we hope that those tariffs ease at some point soon. neil: the fact that to a company right now, david, the ceo's, past ceo's, many of whom have been on this show sitting where you guys are saying well, we can't absorb a 25% tariff, we just can't do that, 10% working with chinese suppliers we can, shifting to others in southeast asia we can but not 25%. they seem to be preparing folks for that. what's the impact? >> the impact is also on future plans. capital spending is some of the most critical spending in the economy that will raise productivity downed road. we heard recently from managements at fedex, caterpillar is ratcheting down the capital spending this is out of the blue. everything is on hold. do they build factories here? do they ship production to other

countries? to what ex-extent an they pass this along? business and invests do not like sun earnty. neil: i'm getting more indications from the chinese, nicole, we don't know when trade talks will resume, we're not really hot to resume. that is a different kind of a stance, could indicate cooler heads. >> touching the third rail a bit in terms of the way china operates. i think one of the issues here is that the chinese are going to have alter their domestic laws. i think some of the cooling off is this recognition, this is real, this is something that the chinese have to do in order to effectuate the promises that they have made and i think there has been some resistance. neil: in fact because of that they did a one 80 on some of this stuff which prompted the

latest impasse. where do you see it going? >> one i think there is a group of hard-liners in china are really pushing hard on xi. so there are internal struggles. the other question they're grappling with, what happens after 2020? who becomes the president? will they get a better deal? are they incented to drag this out with whoever hopes take the office may do better by them? that is really -- neil: funny you should say that, i don't know what you think of this, nicole, i had someone on my weaken show because i work all the time, talking about the chinese were fixated out of a poll out of pennsylvania all places that showed the president trailing joe biden, albeit very early by 11 points, whatever it is. i thought to myself, that's odd that they would be fixated on that. to david's point maybe they're hoping he is is out and they don't have to deal with him, what do you make of that? >> you know the chinese have obviously a longer time horizon in terms of their political

leadership. neil: 5000 years, right? >> absolutely. they're very patient. it is logical they're looking at these polls and hoping that it will -- neil: obama administration, taken to the world trade organizations you won a lot of battles, president bush before, president obama, the problem wto critics would say china didn't make good on the orders and demands and decisions. >> that is absolutely true. neil: this president is taking a different tack, do you think that different tack succeeds? >> we'll see. president trump has all the incentive in the world to wrap this up before the elections. he is the one who recently here did ratchet up the tariffs. what we're seeking from china is so darn complicateed we may not know what we give up. from investors point of view, optimistic, president trump sees the dow as barometer and gets realistic before it is too late. neil: uncanny that the dow goes into free fall and is bumpy, all

of sudden auto tariffs are pushed back six months. there is a connection there, so do you think the more noise the markets make the more likely we'll see either the president bending or the chinese revisiting, what do you think? >> i think we saw it in december. why the federal reserve was spending, trump was spending. we hit all-time highs and we got new religion in terms of ratcheting up the tariffs. i think eventually there is a put for the white house on the dow if the trade talks get too nasty. neil: what do you think? >> i think politics is at play. the auto states are states that president trump needs to be reelected. i was not surprised there is a six-month delay. neil: it is uncanny. look at markets, he does respond to that, might be a way to gauge this, if we're having smooth day in the markets, or less so. >> uncertainty is hard. we need to come to closure in to work with our allies to box

china. it is tough. the tariffs cannot be at this level for the foreseeable future. neil: they are not talking increasingly tough, chinese changing their tone. i don't know if we're going to meet. that is a whole different monster. guys, thank you very much. the dow is down 44 points. right now technology stocks by and large taking it on the chin, particularly semiconductors stocks. china comes into play, the huawei move. if we don't do business with them, keep in mind huawei doesn't do business with them either. that billions of dollars worth of deals all of sudden fritter away. they might get that elsewhere and there might be other customers to come forward either way $10 billion is lot of ground to make up. we'll have more after this. heading into retirement you want to follow your passions rather than worry about how to pay for long-term care.

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>> i don't want them to have nuclear weapons and they can't be threatening us and you know with all of everything that is going on and i'm not one that believes, you know, i'm not somebody that wants to go into war because war hurts economies, war kills people most importantly. neil: all right, so the president then tweeting any war with iran would be the official end of iran. i want to go to hudson institute senior fellow rebecca heinrichs. escalation of war words continues and to that point,

rebecca, an update from iran, iranian semiofficial news agencies are quoting, semiofficial news agencies, maybe they're not, quoting a official that iran quadrupled or in the process of quadrupling its production of low enriched uranium. that would up the ante, right? >> that is nuclear blackmail. this is the reason some of us have the a problem with the all obama administration. it left the latent nuclear program in place while funding iranians to do all the other maligning activity, fund terrorist organizations, proxies groups and destablize the middle east. and be ready to kick off the nuclear program with more intensity once they're willing to do so. president obama even said iran deal would break nuclear

breakout capability in a matter of months. as the trump administration continues the maximum pressure campaign, tightening the screws it is hurting them. they're lashing out, threatening to restart or continue to ramp up their nuclear program. neil: i'm wondering the president himself seemed to intimate last week he was getting different stories out of his own staff and he jokes it makes the administration unpredictable when it comes to iran might be the case. john bolton with hard-line stance, others less so. is that by design or is that now getting worrisome? >> no, i think it is by design. i liken having ambassador bolton in the room for talks and negotiations to having an aircraft carrier in the room with you. he is a great deterrent force. that is this paradox with deterrent. you don't want to go to bar but you have to convince your enemy that you're willing to do it if they act aggressively against you so that is what we're doing with sending the carrier strike group to the region, sending

patriot anti-missile systems to the region. tough prepare for conflict and you have to convince your adversary you're willing to do it to defend our own assets if they act aggressively but again i'm convinced this administration is not interested in going to war with iran. it is not in the interests of the iranian regime to go into war with the united states. and our sanctions are having an effect. there is a great "washington post" reporting article that said hezbollah is taking a human hit because of sanctions against iran. they're withdrawing hezbollah fighters from syria. they were propping up the assad regime because the money is drying up from the iranian regime which is exactly what we want to happen with these sanctions. neil: now some of the incidents that we've seen, particularly over the weekend, an attack in the green zone in baghdad, not too far from our u.s. embassy, the immediate charge iranians or iranian sympathizers was behind that just as attacks on oil

tankers and oil facilities in the middle east. wouldn't that be risky for iran in the face of this, you know, armada of u.s. forces coming to the region, already in the region? >> it is so incredibly risky. it is against their interests, neil. it is stupid. when i think about the iranian regime -- neil: are you convinced they're the ones doing it or someone else is pulling the strings? >> i think they're miscalculating. iran has so many proxy group, you have a risk of proxy group misunderstanding orders from the iranian regime taking action. this is the nature of the problem with the iranian regime. the regime has miscalculated before. uses idea of threaten the global energy market to get its own way. used it many times in the past. i wouldn't put it past them they would make a miscalculation. why it is so important for the trump administration to be very clear it won't work. it will only hurt them. with all of the sanctions, iran has been exporting its oil to

china. china is not going to want the iranian regime to be fiddling with the global energy market because that hurts china. so, iran is really cornered at this point, neil. the only thing it can do at this point, okay, let's sit down with the trump administration, come up with an actual deal that is going to remove the elements and components in their program that has allowed this latent nuclear weapons program to stay in place. that is the only option they have at this point. neil: rebecca, thank you very, very much. scary stuff. we'll see how it all sorts out. rebecca heinrichs in washington. meantime opec may extend the out put cuts, not make up for iranian oil that could be a lot of for the time-being. that has oil prices inching up. i stress only inching up so far. phil flynn following all of that now. phil, what do you make of the fact well we have not nearly as much as you would think, you and i gotten into this before. it could be just, you know,

supply and demand issue and maybe with thoughts of a trade deal with china looks dicey and the slowdown you will get from that, that is offsetting this, what do you think? >> it really is. opec came out and said we're staying the course. opec prices started to spike up. there is increasing tensions with iran and the united states. all very bullish for oil. but then when we came in this morning dow jones average was down over 200 points at one point, the markets look a little concerned, the trade war with china looks like it is heating up, you get a concern that demand will fall off the map. i think right now, neil, there is a lot of miscalculations going around. you mentioned the miscalculations that iran has made being very aggressive against the global oil market. if they continue to do that, they will lose whatever allies they still have. europe of course still wants to make that whole iranian deal work f they miscalculate they will lose those friends very

quickly. the sense by i iranians that u.s. doesn't have the will to go to war. tell you what, donald trump made it clear to the iranians over the weekend, guys, hey, you know what? if you attack the u.s. one more time, that will be the end of the regime. you have to be very careful. oil prices right now on a powderkeg. we're. concerns about supply versus concerns about demand and this thing could blow up at anytime. neil: all right. so play out gas prices. every american watching gas rice prices going to memorial day weekend how do they look. >> steady to higher. there is a lot of risk they could go higher. the refiners have a lot of work to do. the refiners are have behind making gasoline ahead of the summer driving season. they had bad weather and repair issues and they can't afford

anymore missteps in the refinery front f not we could see gasoline prices really spike going into the holiday. neil: aren't you a purveyor of great news. phil, you're the best. phil flynn following all things energy. in the meantime the president is going to be heading to pennsylvania for a big rally in the keystone state. remember that state might have tipped the scale for all the other states. electoral votes he grabbed there, 20 in pennsylvania's case and some of the other big industrial states turned tide for him. there is poll out that shows this early stage joe biden leads in that same state by double digits. how reliable is that and what does it mean after this? coach. . ooh. so, why don't traders have coaches? who says they don't? coach mcadoo!

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neil: we were just talking in the studio about the president set to rally tonight in pennsylvania. as the former vice president,

former vice president leads there in double digits. strikes me odd, pennsylvania has record low unemployment rate. for a lot of folks it is not jiving with what is happening economically. president is not giving up on the state, surely not this early in the state. we have hillary vaughn. reporter: president trump is headed back to the rust belt to give his reboughtal for former vice president biden. biden made his pitch to the voters more about the president than policy mentioning trump over 15 times. >> i don't know what the first and most important plant in my climate proposal is, beat trump. reporter: trump is trailing biden in the latest "qunnipiac poll" of pennsylvania voters. biden with 53% of support to trump's 42%. trump is headed back with biden on his mind, tweeting this morning, looks like bernie sanders is history.

"sleepy" joe biden shuling ahead, think about it, i'm only here because of sleepy joe and the man who took him off the 1% trash heap, president o. china wants sleepy joe badly. last night another 2020 candidate, mayor pete buttigieg attended a fox news town hall in the early primary state of new hampshire promising four new tax hikes for voters as part of his platform to pay for progressive promises. >> reasonable wealth tax or something like that, people give back when they become enormously wealthy. perhaps a financial transaction tax, taxes millisecond differences in computer trades that people become enormously wealthy off of. reporter: that tax hike might not play well in new hampshire where they have no income tax and where politicians have to sign a pledge to not have broad-based tax hikes. neil: thunder from down under.

the left candidate promised climate change and hikes taxes on wealthy. all of sudden every major media center predicted conservative government would fall, ends up winning, not a walk but defies odds much like victory of donald trump couple years back. brexit if you think of that, summer before. what is going on here? "daily caller" editor vince coglianese is here. no one saw that coming. scott morrison, his message was very simple, they're overdoing it, overspending and risks interrupting three decade long unblotched recovery and growth without a single recession. it stuck, didn't isn't. >> right. he reminded australians of principles that got them there in the first place. sort of rejected the left-wing push by the labour party in that country make the country for

interested in a version of the "green new deal." they wanted carbon emissions cap over 10 years. labour party wanted to race taxes all these type of things, scott morrison came in, no, actually what we should do is keep taxes low. we should have a conservative government and we should care about the people. we could even be proud, for instance of coal, he said. he famously held up a piece of coal in his country's own parliament. neil: i remember that. >> demonstrating it is something we should be proud of. we can both and have renewable energy and coal. the country was being pushed too far left too quickly by the labour party. the contempt elites have for average voter came through in the election results, as people showed up, they're compelled to show up to vote. it is compulsory. when they did, they went in the direction, media and elites in the government did not expect. neil: what is interesting about it too, vince, as results were coming in saturday, we were on the air doing our weekend show,

one of the things that stood out the big signature issues media preordained would become the dominant ones, the idea of higher taxes on the wealthy, taxes to help deal with climate change, this is a big issue in australia where the ozone layer is deteriorating different reasons for that, but this notion that they would tighten their health care plans. make them more inclusive for more people, extend them to aborigines and the rest. boom, boom, no, no. it was interesting. >> tax retirement, tax inheritance, eventually people get sick and tired. no, i don't want to pay anymore for that. when it comes to the message that the liberal party there, our conservative party in the united states, you want to talk about carbon emissions who is hurting the environment, the amount of china adds to hurting the environment every year doesn't add up to the amount

that australia produces in terms of carbon emissions. australians looked at that buildings from our perspective it is very interesting. this happened all around the world as you mentioned, seems like basically shy voters who don't want to say the unfashionable thing, who don't want to tell pollsters they're ready to vote against the elites, or say something gets them in trouble with their neighbors, they showed up and voted anyway. it was a silent majority in that country. we watched that over and over again. neil: with donald trump it was silent on brexit. you could argue in his first go round, silent with richard nixon in 1968. i'm wondering what present polls are telling us? democrats are focused on in this country, focusing on a wealth tax or some version of it? dealing with a "green new deal" or variations of it to address climate change that might, you

know, impassion the base but not much beyond? >> no. in fact might the only impacts the base, but backfiring on liberals who want to talk about these things. look at nancy pelosi. she is the operator to, as she is in congress, rejecting "medicare for all," rejecting the "green new deal," not doing it loudly. only people like you and i are paying attention. she is kind of resisting these calls. there is reason for that, neil. she knows it is electorally devastating if her party gets dragged too quickly to the left. as left-wing as nancy pelosi already is, if her party is dragged to left the effect would be for donald trump to win election that is the last thing she wants. neil: when you have an economic boom going on, it is hard to argue with the boom. >> hard to tell them they will make their lives better. neil: power or not, it is very hard to argue. we'll see what happens, vince. thank you. >> thank you, neil. neil: very much. sprint is soaring right now over 20% on approval news, on the

hope that it is going to hook up with a certain other player in industry. remember charlie gasparino had been reporting on this. if you had been following his reports, listening closely couple weeks ago you would be making money hand over fist. you have done that now you want to see your justification for that. if you did not do that, here is charlie to say, would have, could have should have. after this. est phones. $4.95. no matter what you trade, at fidelity it's just $4.95 per online u.s. equity trade.

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economic implications, now security implications because the combined companies are said to be a way that we'll compete with china on broadband and in 5g. we were saying for a while, as despite these reports, the deal was still on track. doesn't mean definitely would happen but it is on track. what we reported last week, they went to the fcc, t-mobile and sprint, here are some concessions. we'll not raise prices for three years. we'll divest a few side issues. we're going to be good players. and what we understood last thursday, and the stock went up a little bit on our report, it started to rise on our report, they made a decent, convincing argument to ajit pai of the fcc. what you had was our story confirmed, the fcc approving it. there needs to be approval from the doj antitrust division mach him delrahim. what i'm hearing for the

company, doj has no comment. internally which have different standard. our standard is the clayton act, the antitrust act you have to prove it isn't anticompetitive going from four to three major wireless carriers. verizon, at&t, and combined t-mobile sprint. neil: if it wouldn't have happened one would go out of business any way. >> yes from what i understand -- neil: would still be left with three. >> that is what the company is saying. company officials are telling us ajit pai, fcc chairman, is not a lone wolf. he will not approve the deal publicly without thinking that mack him delrahim will approve it as well. despite gnashing of teeth of his staff. can i telephone you definitely

it will be approved? no. stuff happens all the time. knowing they work closely with doj antitrust you have to say the odds are heavily favored with this thing with conditions and maybe more conditions of getting approved. we do know the companies are meeting. they will continue to meet over the next couple weeks. they have until about june i guess, that is the official date. neil: right. >> this is a huge deal. 26 billion. massive national security implications. if we win the war on 5g. if we do even better on 5g, you're talking millions of jobs, hundreds of billions of dollars of economic growth. 5g is like the thing of the future. neil: can i ask you, if we doesn't have noise with huawei going on and going after them did that change this whole debate? >> it is part of the debate. the noise with huawei is essentially the trump administration, and president trump fearing that china being bad players in all sorts of things, including in this one technology that is very big for national security. we do know from inside, my sources inside of the trump

administration, they want, take the regulators out, white house advisors, larry kudlow types, probably president trump would like this deal to go through. the next step was the regulators, getting them comfortable with it. from a public policy standpoint it is the same. they think huawei is a bad actor particularly in 5g. they would like these these guys to be stronger to compete with them. it is all part of the same thing. you have to go through the regulatory process. fcc has the public interest mandate. doj antitrust has the clayton act. can't be anti-competitive going four to three. logically you have less carriers, less competition but what they're making case is, sprint will go out of business anyway. combined they're stronger. they would be better on price. i want to say one other thing. i think you put capitalists over the line, your performance on the debate. neil: capitalism versus socialism. >> i'm telling you the

socialists that dude they got from, who. neil: that dude? >> bernie sanders look-alike? i was killing it until -- neil: a lot of people think it was a tie. give him another day -- >> you were like jim brown going you there line and, that guy was sam huff. neil: where were you in this? >> no one asked me! neil: really. >> maybe they think i'm too much after socialist. that i would have sided with socialists and killed the capitalists. they are afraid of me. neil: you reported on the sins of capitalism. >> the capital its are afraided me. neil: not for the reasons you think. >> you put the capitalists, remember austin powers? when i saw cavuto i was thinking yea capitalists. neil: that's pretty good. that is pretty good. charlie gasparino not being invited for the remake of capitalism versus socialism. "game of thrones" is over.

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neil: tariffs impact other areas, like boating season. as the peak season begins. jeff flock is with a company dealing with that fight as we speak. hey, jeff. reporter: you said it neil. we always want to do an interesting venue. we're not at the pig farm this time but somebody else who is impacted, the ceo of brunswick which is all about boats. everything from mercury marine to sea ray boats. what is it we're on a boston whaler? >> boston whaler, 350, 35-foot boat with triple mercury engines. reporter: engines are the key because you make small engines in china. how big of a hit? >> we were able to get an exemption for those, that narrow band of engines that we make in china. the vast majority of our engines we make in the u.s. reporter: let's show you the engines made in the u.s., neil. these are mercury engines. you remember those, they are

legendary. these are 400-horsepower engines and there are three of them back there, which means, i don't know what you could 100 miles an hour? >> we go 60. this boat will do 60 miles an hour. reporter: the success story the commerce department was willing to listen to you, say, what, your competitors from japan that are not subject to tariffs? >> they're not subject to tariffs. we're obviously a formidable player in the u.s. marine industry. we make the vast majority of our products in the u.s. we sell a lot of them in the u.s. it didn't make sense to apply tariffs to a u.s. company when most of the competition is japanese, exactly right. reporter: i should leave you with this, neil, brunswick is is all-in on marine, boats. >> exactly. reporter: before we get away. let's do this. can we crank it up? 400-horsepower, i want to show you what this feels like, so i

will hold on. you got rid of the billiards and the bowling. >> and the fitness business is in the process of being divested right now. yes. reporter: look at that, neil. look at that power! oh, baby. cranking and also made right here, whoa, made right here in the usa in fon today -- fondue lack, wisconsin. back to you, sir. neil: doesn't beat the pig farming last week. but it's a close one. thank you very much, buddy. you probably heard "game of thrones" is officially over. although i heard some people are mad at the producers, want them to redo the whole last season. be that as it may, entertainment journalist, kim serafin, this was perfect time, perfection moment for one of the more eye-popping series. what do you think now that it is

over? >> so interesting. 38 million people tuned into the first one, first episode of this kind of finale. they were averaging 30 million per episode which is huge. not huge if you think back to the '80s, when "the cosby show" was averaging 30 million an episode. huge for "game of thrones" for hbo. the most-watched series on hbo and now it is over. there are things coming up, obviously. there are three spinoffs from george martin the "game of thrones" hour. there is "big little lies." there is other interesting series coming out on hbo. definitely a lot of people who tuned into hbo or hbo now just for "game of thrones." i'm seeing articles how to cancel your hbo subscription now that "game of thrones" is over. people might be getting rid of hbo. neil: you say you're plan free quell as well? those always confuse the heck out of me -- prequel.

>> that one has started filming but won't be out until 2020. neil: as you point out a lot of these streaming options right now it used to be that people who cut the word, they got some of these services and it is still cheaper. now if you get them all, you got this and hulu, and apple product, finishes up what is going on with disney, you could be conceivably paying more. will this boomerang on the production costs, what do you see happening? >> it is true. very interesting. everyone was talking about cord-cutting it will save you money. but you're right, if you get netflix, hbo go, the new disney plus service, if you get hulu, it adds up. you have hulu and amazon, all these other ones coming up. nbc universal has a new service, ad-supported. there is competition between the streaming service, everyone

wants to get the new "game of thrones." amazon has prequel to "lord of the rings." they paid $350 million for the rights to that. there is definitely a lot of competition. everyone wants the next "game of thrones" to tune in, to make people buy the streaming service. there is so much competition. network tv,. just had the up fronts last week in new york. there are less new series this year than there really have ever been. back in 2013, there were 29 new series. now there less than 20. people are looking at streaming services across all platforms. that is a big deal. there is too much tv. you were talking about last segment, peak season for boating. it is the peak season for tv. this is the golden era of tv. bottom line there is too much to watch. neil: bottom line "game of thrones" is not over? it will reemerge? >> this time hopefully they will leave out the water bottles and

coffee cups. there might have been two water bottles. neil: two water bottles, i commodity believe that. thank you very much. kim serafin, entertainment reporter extraordinaire out of l.a. two things, opec was looking to move up the meeting. it was talking about happening in july. they are talking about production cuts. secondly ford wants to cut 10% of its workforce. we're not getting an indication where it would be. remember it would be expanding some facilities here in the u.s. but we don't have final figures on that, how the president would respond to that, if that were the case. ford looking at cutting about 10% of its workforce. other things might be selling but cars these days, not as strongly as they were. more after this. eally appreciat the military family and it really shows. with all that usaa offers why go with anybody else? we know their rates are good,

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neil: all right. the trade war goes on. you can kiss this market good-bye. a full-blown trade war according to morgan stanley would push the world into a recession. one firm's opinion. i think a lot of firms have kind of missed this bull market in general. i don't know if morgan is among them. again, just throwing that out there, it's one of the things that could weigh on stocks if a premier firm says look, this trade war, not good if they drag on. on that front let's go to blake burman with the latest. reporter: when we hear and talk

to members of the u.s. trade team, they always say whatever's going on on the trade front has absolutely nothing to do with what's going on in the national security front. two totally different components, nothing related, they argue. but that doesn't mean that investors and the markets have to follow that thinking and today, they very clearly are not or at least not going into the day, because there are a couple national security issues that seemingly have the market looking twice at what is going on between the u.s. and china today. chief among them, of course, the announcement, the decision made by google as it relates to huawei, as google said that it's going to be restricting huawei from accessing key features of its android operating system. that of course raises questions about the vitality of huawei phones and tablets as huawei really does rely on android. google's move comes just days after the commerce department placed the chinese telecommunications giant on the entity list which means a

license needs to be involved when u.s. technology is exported to china, hence the move and the decision we got from google today into over the weekend. meantime, the u.s. has also sailed a warship within 12 nautical miles off the coast of islands in the south china sea that china claims, china's protesting this move, calling it provocative and warning it could damage relations. a spokesperson for the foreign ministry saying today quote, i must stress once again that the relevant actions of the u.s. warships violated china's sovereignty and undermined peace, security and order in the relevant sea area. the chinese side is firmly opposed to this. again, when you are talking about google slash huawei, then sending a military ship into the south china sea, not trade issues, but it raises larger questions about the relationship right now between the u.s. and china, and how this all falls under the trade umbrella. neil: blake burman at the white house. we have been keeping track of what china has been saying, or

probably more to the point, not saying to sort of get things back on track. for one thing, china is not saying it's moving to get talks resumed any time soon, that it reports it's in no rush to renew the talks. it's also indicated right now that the u.s. is using bullying behavior and that they will not respond to bullying behavior. so that's china's way of saying look, we're in no rush to do something we think is wrong. if that means this drags on, then what are the implications of that. china learning curve author dan joseph says if it comes to that, we can deal with this. i guess it would depend, though, definition, being how long it lasts, right? >> yeah, exactly. good to be on the show. the longer it drags out, the more economic pain there will be both sides so the more incentive there will be to change positions. at this point, you would have to say that at least economically, the united states is in the stronger position, more economic momentum per capita gdp four

times china's, better reputation in the global capital markets. right now, we are better positioned but who could absorb more pain over the long term, that's hard to tell at this point. neil: you know, it's interesting, over the weekend we learned that the chinese, obviously they pay a lot of attention to the american press, a lot of attention to the markets because they know the president does. the most interesting development i heard is they were focused on polls, early as they are. even in key states like pennsylvania, where the president presently trails joe biden by 11 points or so. as if polls at this stage even matter or mean anything. but to me, that indicated they want to weigh his chances. can they roll the dice and wait for a different president and if that's what they're saying, that means possibly no deal with this one for the remainder of his term. >> yeah. i think you could build a good case for the possibility that china is just going to dig in and take a harder line and wait and see what happens. i wouldn't say that's the most

likely outcome right now. i still think both sides are motivated to avoid economic pain and get a deal done. but all the ingredients are in place for china to take a harder position. there's a lot of hard liners in china that would like them to do that from their point of view. they can withstand the pressure at least politically. they even think they have a fair amount of international support when they look at the fact that although the u.s. has taken more drastic measures against huawei, most of the international community seems to be willing to continue to cooperate with the chinese telecom company and china thinks it's the international reality to its one belt, one road initiative has been fairly positive. you could build a case that china might just dig in here and wait to see what happens which will probably mean that we'll get increased tariffs on both sides and a tariff war that has a much deeper and harder bite than we have seen so far. neil: you know, they are limited what they can do to us because they import a lot less from us than they send to them, but do you think they would risk trying

to devalue their currency, think they would risk trying to sell some of their treasury securities? i think it would boomerang on them. your thoughts? >> i think you're right. i think the treasury security thing is a misnomer. that's not going to be a big problem. the united states is a safe haven destination for capital. the markets have liquidity, the fed has a rot lot of tools it c use. i don't think china can really do anything there. the big thing to worry about is china can turn the pressure on u.s. companies that don't just export to china, but do business in china. i'm thinking of apple, ford, gm. lots of u.s. companies make very good profits and it's not just exports that support jobs but profitability and growth. so china could start to kind of turn the screws on those companies. that would really rachet up the trade war. that would have an impact on our economy. now, again, they are probably more exposed to us than vice versa, but there will be pain on both sides if this thing gets racheted up much further. neil: you're right about that.

dan joseph, thank you. >> thanks. neil: some news out of corporate america here. little distressing for ford auto workers. 7,000 of them are due to be laid off by the end of august. we have lindsay bell and gary b. smith. gary, what do you make of this announcement now? we have seen some slowdown in auto related sales but we have also heard the respective chiefs of these companies talk about how they are weathering it. what do you make of this? >> troublesome, neil. you have a company laying off 7,000 workers. that can't be an indication that they think times ahead are exactly rosy. you could argue well, maybe this is just a one-off but across the board, we have seen manufacturing numbers decline. we have seen capital spending by corporations decline. you add those together, either

everyone across at least the manufacturing area is dead wrong, or something's going on where people aren't quite sure about it. doesn't sound good to me. neil: you know, looking at that, the fact of the matter is ford is still in very good shape, very, very good shape. i mean, they are a lot leaner and meaner than they used to be when we had these guys not so much ford, but gm, sort of on the ropes. but maybe this is in preparation dealing with the protracted trade war or what? what do you think? >> you know, i really think it's in preparation to deal with increased competition and they kind of mentioned that. you're seeing electric vehicles, driverless cars, even uber and lyft are really coming in and threatening their market share because people are, we are going down a road where people are going to own less cars going forward. also, it's worth noting that the layoffs that were announced today, a lot of them were already in the works and a lot of them, most of them are white collar workers. they are kind of trying to flatten the organization, get

rid of some of the middle level managers. neil: you know, it also happens, gary, at a time when the president has pushed back these auto and related tariffs namely to address with european union and the japanese, chinese auto parts are part of that, i understand, but i'm wondering if the tariff thing kind of goes away or at least is not as big an issue, could that change the auto makers' fortunes, what do you think? >> i guess you have to come to the hypothesis that maybe these layoffs are in preparation for a protracted tariff war, then they go away. i come back to the time, and i lived through this, when ibm started laying off white collar workers, my gosh, as far back as it had to be about the late '80s, that kind of marked the top for a company like ibm. could this mark the top for a company like ford? could it not be china related? that's my fear.

neil: you know, looking at the markets right now, we are down about 85 points on the dow, we have had four down weeks in a row but all the major averages, last i checked, even being down 3% or so on the month, are within 4%, 4.5% off their all-time highs so there is that. what do you make of that? >> yeah. the market has definitely taken the heating up of trade tensions really in stride here. the s&p 500 is only three percentage points off of its all time high which was hit at the end of april. what worries me is that investors are being complacent here. the market really is pricing in a deal getting done. you saw a little bit of volatility increase and when the initial trade spat happened two weeks ago, but i think that the market is settling into accepting that maybe we will get more, we will get positive news later in june, and the market seems comfortable with that. remember, the summer months are pretty weak period for the

market overall anyway. if we can trade sideways into that, that's fine. i think investors really need to be looking at their portfolios and preparing for something that could get a lot worse here. i think the huawei news could be just the tip of the iceberg. the u.s. does have many different areas of disposal where they can prevent manufacturers from providing semiconductor equipment to the chinese and things like that. that really could cripple their economy. neil: want to thank both of you. if you are in states like texas or oklahoma right now, you are probably not much paying attention to a trade war. you are probably not much paying attention to iran. you are paying attention to mother nature. you are paying attention to tornado threats and warnings. much of the region got teased over the weekend. today, mother nature upped the ante. i'm working to make each day a little sweeter.

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neil: all right. they're trying to calm the heat and rhetoric down back and forth about iran. the latest falling on the president, president trump, to talk to the people and back dial some of these threats. a former navy s.e.a.l. team six commander is here with the implications of all that. we've got this armada there

already and i'm thinking both sides are getting nervous. with very little, this could get out of whack. what do you make of what the iranians are saying and doing? >> i think the iranians with trying to gain the best leverage position that they can find. they're going to use -- their real power is using their proxies throughout the regional area so they have different pieces in syria, they have paramilitarily forces and militias in iraq. they have the houthis they can rely on. i think they are going to avoid direct confrontation with the u.s. but they are going to escalate with their proxies a little bit. neil: we had this latest incident, the green zone in baghdad not too far from our embassy there, also said to be help hands of the iranians or those sympathetic to them. why would, i know you addressed this before, iran be so provocative in this environment and knowing it's going to invite the very wrath that it's trying to tone down?

>> right. they see, one, i wouldn't attribute the green zone rocket attack completely to iran. there could also be people trying to instigate -- neil: that's what i worry about, stuff like that. >> i think that we've got to watch that very closely. iran's going to take some measures such as they did back in the houthis with the drones that went in and bombed the oil pumping stations in saudi arabia. are they really behind the sabotage. iran is going to maintain some plausible deny jaiability but t also want to send test actions to see what the reaction is going to be. neil: how do you think this ends? we have a large force over there now, more coming. i don't know about manpower. there has been talk that maybe over 100,000 troops could be going that way. i don't know. usually once there, we stick around for awhile. >> well, one, these are pretty normal deployments except for the bombers being deployed there.

so an aircraft carrier group going to the persian gulf is really not unusual at all. we haven't seen any ramp-up in troop numbers that would indicate anything coming towards war. we also haven't seen any civilian preparations on the iranian side that indicate they're prepping for some sort of war. so that piece i would take off the table. i think there's still tons of off-ramps before we go to full war. the rest of the international community doesn't want this either. so there's going to be a lot of rhetoric, just as there was, if you recall, maybe a year and a half, two years ago with north korea. people were calling oh, my gosh, president trump's rhetoric is sending us to war. it actually brought us to the negotiating table. that's where i'm hoping this brings us back to. neil: very good point. dave, thank you very much. good seeing you again. >> thanks, neil. good to see you. neil: you know, i am lucky to do a show like this and shows i have been doing the last 23 years, fox news, fox business.

very few interviews leave me moved. i'm not saying i'm impressed with everyone i talk to but one in particular, a guy who had made it his life's mission to stop addiction. now he's dead. after this. ♪♪ ♪♪ ♪♪

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neil: he survived columbine, watched his buddy get shot and killed under a table as he was injured and almost killed himself, devoted the rest of his life to dealing with those who suffer pain, and suffer addiction. he died as he fought. now people are remembering austin eubanks and his message of dealing with pain and the taking of the pills for that pain, and it can boomerang on even those who are trying to help in the first place, including him. little more than a few weeks ago, he was speaking with me about that very addiction.

you had a lot of pain and addictions to get through yourself after this, and you've since then tried to turn this tragedy around for other kids and families who deal with this and so much more. tell me a little bit about that. >> yeah. i think the hardest part for communities, injured survivors, families of those that were lost and injured, is the years that come next, because it's really, really difficult to heal this emotional pain and trauma, so for me, i was prescribed medications for my physical injuries and immediately i became drawn to those medications, because of how they improved the underlying symptoms of emotional pain, and that led to a pretty debilitating addiction that spanned the course of my 20s. neil: did you have any survivor's guilt? tragically we learned that students in florida and elsewhere who committed suicide themselves after experiencing what they went through and even in the case of a dad in

connecticut who lost his 4-year-old in the shooting there, the same thing. how do you help people with that? >> yeah. i mean, i think survivor's guilt is one of the most difficult things to overcome, so obviously all of the symptoms of ptsd, nightmares, flashbacks, survivor's guilt is really separate from that. it's the question of why me, why did i make it out, why did everything happen the way that it did, and the constant going back and saying what could we have done differently. so healing from that is incredibly difficult and that was one of the hardest things for me to overcome. neil: in the end, he could not. over the weekend, dying at age 37. his family putting out a statement saying that he lost the battle with the very disease he fought so hard to help others face, but it is a timely reminder, as if we need it, of addiction, opioid and others, that are taking so many away, young people, very young people,

teenagers, even younger, and even now, unstoppable, or is it? board certified addiction specialist dr. russell seraski on what's going on. doctor, i'm very happy to have you. reminded of the fact we have launched commissions to try to solve this problem, doesn't seem to be just a money problem. it does seem to be just a rampant can't slow it down problem. what's happening? >> sure. well, it's a pleasure to be here. thank you for having me. the main issue at stake here is the fact that we have a very new understanding of how these opiates are hijacking the brain. with that knowledge, we have breakthrough treatments to help patients get better and stay better. the key is getting people who are addicted to opiates to these centers and to these doctors who can help them. neil: so what includes opiates? it's a wide range, right? >> sure. opiates are a family of pain medications and what the purpose of them is to bond to a specific

area of the brain to help alleviate pain. however, what we know is that approximately 15% to 20% of the population, when their brain is exposed to opiates, there is actually a devastating neurological cascade that can set that individual into a lifelong of opiate addiction, and when doctors were liberally prescribing these drugs, we wound up in the worst epidemic america has ever faced. neil: it's interesting when i talked to austin a few weeks ago, he was talking about how he fights that battle every day himself, and that the original draw to these drugs was right after he was shot at columbine, they eased the pain, then he needed more of them to continue to deal with the pain and the scars of the shooting, and on and on and on. it sort of fed this. he was never able to escape it. >> sure. well, you know, in fact, i think that had he gotten to the right places, the right doctors or the right clinics who saw the situation he was in, there are

phenomenal tools now. we have new medicines to help patients detox without suffering, to help heal the limbic system of the brain where these neurological changes take hold and will set these individuals free from the enslavement of opiate addiction. these treatments exist now. it's just a matter of getting the word out there to the public. neil: what's leading what, doctor? the pain of people's dealing with it or the fact this is a momentary relief and then the moment isn't enough so you need more relief and back and forth. what's leading it? >> sure. well, essentially, it's not just about the drugs. it's about the individual as well. certain people, their neurological system is susceptible to developing addiction from these opiate drugs and you know, doctors really need to take into account the entire picture of the patient to decide whether or not that prescribing medication for them would be in their best interest because about 15% to 20% of the population is going to develop an addiction when their brain is exposed to these

drugs. i believe austin actually mentioned that the minute he got prescribed that opiate pill, within 45 minutes of the shooting, he felt a euphoria and he could never forget that or get that out of his mind. that means that he was susceptible to its addiction and we need to do much better at determining when and where to use these drugs. neil: doctor, thank you very, very much. we are going to explore this in a lot more detail today on my fox news show, depart from our usual programming to look at this and all the suicides and accidental deaths as a result. 130 people per day succumbing to this. some just kids. some just teenagers. some just looking at a, you know, a permanent solution for what otherwise would be a short-term problem. it's real. it's bipartisan. it's now. more after this. nah. not gonna happen.

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...and is used by most patients today. neulasta is for certain cancer patients receiving strong chemotherapy. do not take neulasta if you're allergic to it or neupogen (filgrastim). an incomplete dose could increase infection risk. ruptured spleen, sometimes fatal as well as serious lung problems, allergic reactions, kidney injuries and capillary leak syndrome... ...have occurred. report abdominal or shoulder tip pain, trouble breathing... ... or allergic reactions to your doctor right away in patients with sickle cell disorders, serious, sometimes... ...fatal crises can occur. the most common side effect... is bone and muscle ache. ask your doctor... ...about neulasta onpro. pay no more than $5 per dose with copay card. neil: well, here's something that gets in the way of getting trade talks going.

the department of homeland security is apparently warning of china drone concerns. hillary vaughn is just getting the details on that. what's up here? reporter: hey, neil. well, the dhs, fox business confirming that the dhs did issue a memo saying that drones made in china pose a huge national security risk. basically saying that these drones can transfer data that they gather back to a server, to manufacturers in china, and that server can be independently accessed by chinese intelligence agencies, causing a huge national security concern, everywhere from local police to border patrol rely on drones for their work. no specific manufacturer was named but about 80% of all drones in the u.s. come from chinese drone maker dji. they are the manufacturer of the top-selling commercial drone. they gave me a statement reacting to the news saying quote, we give customers full and complete control over how their data is collected, stored and transmitted for government and critical infrastructure

customers that require additional assurances, we provide drones that do not transfer data to dji or via the internet and our customers can enable all the precautions dhs recommends. dji not essentially saying they do not collect data but that you can then change preferences so that data is not reflected but you have to trust they are following their word. neil: great reporting. thank you very, very much. meanwhile, speaking of things china, google is suspending ties with huawei, the big china telecom concern. a tech analyst on what this could mean. russ, this is weird. it might not be permanent but for the time being, if google says we're not going to deal with you, some others say essentially the same thing, it's had a fallout on semiconductor stocks as well, what's going on? >> yeah, absolutely. google has said essentially they are cutting off huawei from

using their hardware, their semiconductors as you said, and it basically cut them off from expanding a lot of things. huawei's big push right now is 5g, not just in the u.s. but internationally, and if they're not getting this hardware from the u.s., from companies like qualcomm, google, if they're not getting this, they are severely hamstrung in terms of developing all this technology worldwide. it's really going to slow not just huawei but all 5g push worldwide. neil: now huawei was sort of like not at the forefront but certainly a premier player here in the 5g. >> unquestionably at the forefront. neil: would that delay getting to average folks? >> yeah, absolutely. all this stuff is going to get pushed back. it's a question of how long this ban exists, but right now, you know, i think huawei has stock for about three months or so to act on their own, and once that stock depletes they are fully relying on all these companies they have been working with over the course of decades. so the fact this is going to get

depleted, they are toast. their plans worldwide rely on these companies providing them this hardware and if they don't have it, it's trouble. neil: what about european players who aren't as hot on breaking ties with them as we are? >> i mean, they feel the same brunt because the technology that's being sent from the u.s. goes to china to develop this technology, and then they send it off to europe. without the u.s. component, they can't develop the technology they want to push out to europe. neil: got it. russ, thank you, my friend. meanwhile, ubs out with a warning that tariffs alone, they put about $40 billion crimp in sales, may be risk close to 12,000 stores closing. the tariffs can show up in prices for customers. some of them already are, right? >> some of them are out there already starting to increase prices. i think the tariffs, if they were to come about, the next phase on $300 billion of goods, could have a material effect on the consumer which has been

healthy, continuing to grow, but consumer confidence is at a high level today. if it starts to get crimped, if prices start going up even more, i think that we run a risk to the growth. neil: all right. who is more vulnerable? >> i think everybody's vulnerable. the low end consumer is clearly vulnerable because up until now, the tariffs so far have been absorbed by the supply chain, by the retailers, but if we see 25% increases on apparel, toys, footwear, handbags and items like that, you're going to see it passed through to the consumer. walmart indicated it. macy's indicated you would probably see price increases. if you see a 10% increase on a pair of shoes, for example, lower priced pair of shoes, that consumer's going to be affected. neil: the president said, as you know, people will seek out american alternatives. that's sometimes easier said than done. >> some of these goods, for example, some apparel goods are 95% made in china. you are going to see some sourcing. you are already seeing sourcing

changing to other of the south asian countries, for example, but you have capacity issues. you have timing issues. you can't do this overnight. you are going to see some price increases in the nearer term. i do think that over time, you are going to see a rejiggering of the supply chain and less dependence upon china, regardless of whether you get resolution. i think you will see a spreading of the risk. neil: regardless of if our trade deficit goes down -- >> it will be shared among a lot more countries. vietnam, everyone talks about sending production to vietnam, furniture, for example, but there's only so much capacity that you have in vietnam. you can't do it overnight. so you are going to see, i think what's going to happen is if the next phase goes in, you will see some prices going up. neil: what about at the high end? >> at the high end, it's interesting. it's not as big a proportion of the cost of the goods. so you have the ability to absorb some of the tariff increases. what you have on the high end, though, is the volatility tied to the stock market. for example, the overall growth

rate of the consumer, this is all the mastercard spending pulse data, i spent some time with the mastercard team that's an adviser to them, the growth of the consumer during the holiday season was a little bit less than 5%. over the first four months of this year it's a little less than 4%. you are starting to see a slowdown on the part of the consumer. the high end consumer -- neil: that was already in place. >> that's in place. you are seeing it in the first quarter. still healthy at a 4% growth rate. but the high end consumer saw a bigger slowdown. so you saw where one was about 100 basis points, you saw between 200 and 300 slowdown basis point slowdown on the luxury consumer. that i think is caused by the volatility of the stock market, the ups and downs. you still have very healthy stock market. but the risk i think is that as you get these tartariffs, potenl tariffs and you see market volatility, the high end consumer starts to react. you see it in high end jewelry sales. you see tonight, for example, in

neiman marcus reported tough numbers for the first quarter. so that's where you see the stock market affect more than the tariff effect. my concern on the tariffs overall is if you see these price increases come about, you will start negating some of the benefits of the tax reform that we had. we clearly had -- neil: we have it, right? >> tax reform was enormously helpful for the growth on the part of the consumer. this could wipe it out if you saw some of the increase. neil: all right. if we had no deal, the chinese, they are not talking, they're not interested in talking, you could make a case this drags on for quite awhile. >> if it does drag on, remember, two-thirds of the u.s. economy is tied to the consumer. confidence is an important part of this. consumer confidence is high today. you start to see a retraction in confidence, you see tariffs going in at say 25% level, on all these different kinds of goods, could be as early as 24th or 21st of june,

let's assume you start to see it and it drags out, i think it could have a material effect on the rate of growth. neil: we shall see. steve sadove, mastercard senior adviser, much, much more. a lot more on that as well. also an update on justin amash, the michigan republican congressman who earned the president's wrath by saying he sees the president's conduct as indeed being impeachable. the president quickly sent out a tweet calling him a loser and it got worse, after this. oh, yeah, that's gonna be a good one. ♪ (playing) did you know that nationwide has customized small business insurance? huh-uh. maybe that's a song. yeah, maybe. (peyton) did you know nationwide is america's #1 provider of pet insurance, farms, and ranches? now that's a song. yeah, maybe. oh, that's gold right there. did you know that nationwide has an interactive retirement planner? (music stops) are we there yet? ♪ (nationwide jingle)

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neil: well, that didn't take long, but a republican congressman justin amash could face now a primary challenge after saying president trump, in his eyes at least, committed an impeachable conduct or that was his conduct, that was impeachable. the michigan state representative republican already slated to take him on in that primary battle. we've got local commentator, and new york city counselman minority whip joe borelli. joe, what's weird about the whole congressman amash stuff is, you know, when it's club for growth and all these conservative institutions, he's like a rock star, the tea party's native congressman, became this darling of the right

and now he says a few bad things about the president, off with his head. what happened? >> well, i don't know if he's been necessarily a darling of the right. he's also voted against hurricane funding and kate's law, protecting sex abuse victims. i wouldn't exactly put him in my top three favorite members of congress. but i think everything, everyone can agree this is someone who has primarily been a gadfly for most of his career. he lobbed grenades when barack obama was the president to get his name in the paper. now he's doing the same thing. he saw his unsuccessful trial balloon for his own presidential ambition not take off and now here we are, touting phony russian collusion talking points. neil: now i think what you are talking about is he was entertaining a libertarian run for president. gabby, i will say this, no matter joe's views on this, i respect joe a lot, obviously, but a lot of conservative groups, the ones that rate and score you, i mentioned club for growth which gives him almost a perfect score and some of these others, it doesn't gibe with that. what are you to make of this and

where this is going? >> he's certainly an anomaly right now. we are not going to see other republicans sort of fall in line behind justin amash and call for the president's impeachment. he's simply the only one who sort of went out on a limb and suggested that is a course of action that congress should take, and i think that for the foreseeable future, he's going to remain one of the only republicans to state that opinion. and the reason for that is, i mean, look at the track record of republicans in office who have previously spoken out against the president. jeff flake is a perfect example of this. in the senate, he was somebody who had criticized the president often, he targeted a lot of his policies saying that they were unfair or unconstitutional, that's sort of what we have seen with justin amash through his tenure in congress in the trump era, he's criticized the president's travel ban, he's criticized his national security declaration to get wall funding, he's criticized a number of other things that this president has done and now he's calling for his impeachment and you are seeing a primary challenge.

we know he comes from a district that the president won with 51% of the vote in 2016 so i think it's likely this is going to be politically disadvantageous to justin amash and any republicans who followed his lead. neil: ethan, what do you think of all this? >> i think republicans have lost their principles and justin amash is demonstrating that it should be a partisan issue of what the constitution says and when we have a president who wants to go way beyond what most people would interpret the constitution to say and even supreme courts in the past have said when you go back to richard nixon in 1974, and that decision was 9-0 limiting this expansive interpretation of executive power, everything should be a political calculation. sometimes it really should be -- neil: we know many democrats who are saying while we want to pursue investigations, they want to go slow on impeachment. what did you think of that? >> well, i mean, impeachment isn't the beginning. impeachment is the end of the process. at the end of the hearing. so let's get the hearings going.

i think we have enough evidence if you bother to read the actual mueller report, you understand the obstruction of justice statutes and you understand that attorney general william barr is actually in the minority in his opinion. neil: we are getting sidetracked here but why didn't mueller move on that as a prosecutor and just say that, don't leave it as a jump ball? >> because he left it to congress. it's really congress's responsibility to pursue these hearings and the impeachment process. neil: fair enough. let me switch gears and talk about challenges to an incumbent congressman. former democratic new york congressman joe crowley, member, it was he who fell to alexandria ocasio-cortez, he is seeing the very possibility of she being challenged within her party, maybe by him. take a look at this. so do you think she will be challenged for the nomination? >> i suspect she probably will. but i don't have certitude on that. i suspect, though, that sthee will. i think that the future of the

democratic party is a strong one, because we have the ability to really have a wide breadth of vision. neil: i understand that. but is she and her politics and her, you know, views, more in keeping with that or let's say yours? >> i think that she has a component that is important to the democratic base and at the same time, it's a big base and a wide base. i think she's adding aspirationally to what democrats want. neil: but joe borelli, is she going to be challenged? >> i actually think she will be. she beat joe crowley because she painted him as part of the d.c. establishment, who wasn't paying attention to his district in the bronx. i can tell you personally, they don't see her at the community board meetings, they don't see her fighting for the local hospitals. they see her as all hollywood all day, trying to get her name up in the spotlight. that's not going to play well to people who have realistic and

real life problems in parts of the queens, parts of queens and parts of the bronx. it's just not. neil: gabby, what do you think? >> i think he's absolutely right. she's suffering from a fairly low approval rating in her district right now. the decision to interfere with amazon building their second headquarters in that part of the country surely had an impact as well in how her constituents view her. i do think that that's probably going to lead to somebody challenging her when she's up for re-election. neil: it's interesting, too, because when you look at these polls and i think you would remind me, it's way too early to put much stock in them, but you know, right now, joe biden is running away with a decidedly moderate stance and not, you know, falling for or fully endorsing some of the positions that congresswoman cortez takes. i don't know if that's a signal that the party sees that as a winnable strategy but would that be one that you see or take note of?

>> well, i think the primary process is critical. i think that's where we battle out ideas and see what sticks the best. i think representative ocasio-cortez has a bright and strong future. i think that there is a lesson here from those polls in that all politics really are local. she needs to make sure she's paying attention to her district as well. neil: you know, looking at that, joe, there are a lot of concerns about the same polls that show the president in pennsylvania, for example, trailing joe biden by, what, 11 points. now, again, i will stress to you as i did with ethan, it's way too early, but that surprised me given the fact that pennsylvania just hit a record low unemployment rate. you could make an argument the economic boom has certainly, you know, hit pennsylvania and the president is not benefiting from it. what do you make of that? >> specifically pennsylvania has always been a place where joe biden felt he could compete. i'm not sure that will translate to the rest of the rust belt states that donald trump had no

problem picking up -- neil: where is he going to get those 20 electoral votes that he won last time if he doesn't get them in pennsylvania? >> there's no doubt that he has to focus on pennsylvania. there's no doubt pennsylvania is going to be a battleground in 2020. all i'm saying is that joe biden has good name recognition in a state that is adjacent to the one he represented for many years. i think when you look at the biden/obama record, you are going to see one that has actually decimated the industry and jobs in pennsylvania over the years. i don't think the president's going to hesitate for a moment to continue to point that out and i don't think he's going to even hesitate for a moment to visit pennsylvania as many times as it takes. neil: you know, it's interesting, gabby, in this push, look, with the electoral votes it serves a purpose in that it forces candidates to campaign everywhere. if you had to rely on just popular vote, the democrats would be presumably in california and new york, a republican would set up shop in, i don't know, texas or the farm belt. the oddity of this situation now is that it seems to me both parties are going to concentrate on five or six states and

potentially the hell with the other 44. >> yeah. we have already seen that happening in the primary. a lot of the democratic candidates are talking about their strategies to win back the rust belt. neil: they are just going to sort of park there. >> i think that's what you can expect to see, especially once we reach the general election, and i think that's why you have a lot of democratic pollsters and strategists who say the person best positioned to actually follow through on that and have a fighting chance at winning back those states is joe biden. we are seeing it bear out in polls although as you said, it is a bit early. and we are also, you know, looking at the way that he's positioning himself. i think a lot of people on the president's campaign, a lot of people who are supportive of this president have been saying for quite some time now that joe biden would be pulled and pulled to the left and we haven't really seen that take place quite yet. and if he doesn't it's going to force president trump to readjust his messaging because he has been focusing so much on running against a democrat who

is embracing these socialist policy ideas, and so far that's not what biden is doing. he's walking a very fine line when it comes to some of the proposals we have heard out of the democratic primary field. neil: can he continue to walk that fine line? should he? >> that's a great question. >> yeah, i think joe biden really can pull this off. i think he has an excellent chance of winning. i haven't endorsed anybody at this point but he clearly is in the lead. he has the name recognition, he has a long track record and most importantly, what i think really is coming out of this, is his focus on connecting with the working class voters and even though the macro economic indicators under president trump may look really good, when you go and talk to people in these small towns in the rust belt states, they haven't felt these great economic improvements that might be showing at the gdp level. neil: we shall see. guys, i want to thank you all very, very much. by now you know that sprint is soaring on optimism for a

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neil: don't forget the tomorrow the white house is the sharing key intelligence what iran is doing to justify the beefed up naval presence. four-star admiral mcraven who

oversaw the raid that killed osama bin laden will be my special guest. we'll go along with him, he has a lot of views not overstepping particularly when it comes to those that threaten us, not overthreatening. he is my guest tomorrow. hello, charles. stuart: i'm charles payne. this is making money. pushing markets lower. we'll take a look deeper into this fallout. meanwhile president trump not mincing words when it comes to iran tweeting the islamic republic will face, quote, official end, if it threatens the united states. the latest on that coming up as well. congressman sean duffy gives us take as the trade fight moves to congress. all that and so much more on