resistance levels, we also can find good stuff to buy during all these gyrations. i happen to love it. david asman loves it too filling in for neil cavuto. david: i loved the show on socialism. they repeated it over and over but it is very good show. charles: thank you, david. david: i'm david asman in for neil cavuto. this is "coast to coast." trump says the u.s. is not ready to make a deal with china. edward lawrence in d.c. with the very latest on all this. hi, edward. reporter: hi, david. the comments by the president could further signaling a setback in talks might last for a while. we in the future will have a

deal but maybe not today. >> i think they wished they made the deal they had on the table before they tried to renegotiate it. they would like a to make deal. we're not ready to make a deal. we're taking in tens of billions of dollars of tariffs. that number could go up very substantially very easily. reporter: president making those comments talkinging to the prime minister of japan. the chinese companies are dealing with a total of $250 billion under a 25% tariff. that is everything from technology to car parts, to other equipment. in the last 200 billion of imports where the tariff went from 10% to 25% on may 10th, any shouldn't where the importer can prove it left china by may 9th will not pay the dingsal tariff. those are end of cycling through docking at u.s. ports. takes anywhere from 14 to 21 days to make a trip across the pacific. after thursday, likely all goods being imported under

$200 billion of tariffs will be under a 25% tariff. the companies feeling full effects will have a make a decision. they have to pass on the cost or try to absorb it. i looked at curren sixer the chinese currency dropping again against the dollar. since the announcement of increasing tariffs of 25% the currency has fallen another 6%. david: they always pass it on. they always pass it on. they never absorb it. thank you, edward. european elections adding a new wrinkle of uncertainty in the world. suffering losses and far right as green parties make gains. lauren simonetti on why growing divisions matter to us in the u.s. hi, lauren. >> hi, david. sending a clear message to brussels that europe wants change. the center lost the majority. center right and left gave up combined 970 sights.

while far right groups were victorious in france and italy, they didn't gain as much ground as expected in the continent. greens party concerned about the climate change and environment, fourth largest block in the eu. here is the upshot. fragmented, ad logically inconsistent europe where middle and fringe may have to find common ground. in some instances david, that is happening. for example, marie le pen's far right party dropped plans to quit the euro and break you the union. in great britain voters still want out. the new brexit party spearheaded by nigel farage, gain ad whopping 32% of the vote. contrasting with primm theresa may's conservative party 8%. farage sending a message to the uk, if it does not leave the eu by october, his brexit party can win a general election and he could land a leading seat. investors seem to take all of

this in stride. the upshot is mainstream politics might be out of fashion at the moment. the european union is not. it has to navigate a new mix of nationalism, globalism, both extremes out of the parties. david: pull out thedown swing they have been in. lauren, thank you very much. >> thank you. david: we have rebecca walter, michael robinson and dave maney. i know investors are weighing all the uncertainty. rebecca, first to you. there doesn't seem to be panic. today we came well off the highs but it is still positive both on nasdaq and in the dow. we're only 4 1/2% off the ultimate highs. are you kind of surprised at the resilience of the market? >> i mean, david, with consumer confidence coming out even better in may than april, you know, people are still, you know, seeing the fundamentals they are strong. i think they are playing the long game too. they will exercise some patience

here. obviously trump's comments while over in japan, we could have a huge negative reaction that we're not ready to make a deal with china. we need patience going on. david: michael, not just china anymore but europe there is a lot of uncertainty as well. i'm wondering how all of these things, china, europe, might affect the bottom line of corporations? >> that is already priced into the market. why you're seeing resiliency there. to put the trade dispute in china into perspective. chinese economy, 19 billion-dollar economy. the $200 billion of is a blip. we have growth in europe we'll talk about. looks like growth is slowing a little bit, probably second quarter will come in with gdp around 2% or a little less than that, down from the current 3.6%. but, i'm sorry, 3.2%.

having said all of that, i think everything is priced in. the row sill yen sy is there. overall the economy is doing pretty well. this is the best economy we've had since the beatles were making records it in 1969. david: i love that reference. i can identify a little bit with that. dave let me drill down on china. there were terrific articles over the weekend in "the washington post," "wall street journal," china and 5g is far ahead of us. they have 10 times the number of 5g cell positions than we do in the united states but i'm wondering if that is a little overblown? we are the united states. they did steal a lot of our technology in order to get to the point where they are today. is the concern about china's dominance in 5g a little overblown? >> i would say so. david, in part because, it is viewed i think pretty much everywhere in the western world as quite a security risk.

i mean, there is no mystery about that. i don't think there is much question that there is some level of monitoring or eavesdropping or information kind of parceling out. just the doubt, right, and complexity of trying to unwind it, makes it, where do you want to go if you're rolling out the technology across the broad network and spending billions of dollars to do so. your choices are relatively, well-known american suppliers with a long, long history of playing fair or guys who might be doing something that does the bidding of the chinese government? you can take all of the factors and trust is still the ultimate glue that underlies business relationships. david: rebecca, if there has ever been a moment to take on china, to stop them from doing what they have been doing for decades in terms of stealing product, forcing companies to take communist party members as part of their boards overseas as they work in china, i mean all that stuff comes at a price but

we are in a good position to absorb that price, are we not? >> yeah, david, this has not been a president before had the fortitude to do it, trump does. this is the economy to do it, if we can't do it now, when we have the best unemployment as michael said, fastest wage growth in a decade, just record across the board, you know, like you said, we are off the highs, only 4 1/2% on this market. if we can't do it now, we'll never do it. if we don't do it, china will own the world economically for the rest of all time. it has to be done now. david: michael, you say that the market has absorbed already a lot of doubts about china, what's happening in europe, et cetera. i'm wondering if we do have some kind of a deal, again, we've heard in analogy before, the football analogy, the last five yards are are the hardest, that's where we are, if we get those last five yards and end up in a touchdown with china, what happens to the market then?

>> rally. david: how big? >> that is hard to say. depends on the details of the deal. the president is cagey how that will work out. it is hard for me to predict what rally we're talking about. i say we pick up all the lost ground and then some. we're seeing all the a vanses around us every day, talking about consumer confidence is at a high, economy over all is pretty strong. i think we could see a meaningful rally out of this. whether that means it will go 15, 20% from here, hard to predict. at least make back what we have given up lately, and a little bit more i think. david: dave, what about many so concerns silicon valley expressed we need some exchange. we know china has been stealing our stuff. at the same time the world is a laboratory for high-tech, we do need to exchange ideas, have an exchange in order to develop, is that possible? is it possible to restrain china from stealing while at the same time creating that worldwide laboratory?

>> no. david: you got to choose, then? >> i don't think you can just stop it, right? they are very, very different business cultures and one characteristic across everything we've been talking about today, this economy, this technologically changed economy is creating winners and losers. it is rising or raising overall wealth, but doesn't mean within the landscape there are not real winner and losers that leads to political changes and revolutions. it leads to uncertainty. that will remain a kind of a drag on the market. david: dave, sticking with you for a while on this, again a concern about china leapfrogging ahead of us in 5g which you think is a little overblown, i tend to agree with you, at the same time how long will it take us to catch up with china and maybe develop 5g infrastructure that is even stronger than the one they have? >> oh, look, i don't think there

is a specific answer to that other than to say when you have a buildout that is hugely technologically driven but overwhelmingly capital intensive driven system there is no system on the planet better than capitalism for capital allocation. the idea somebody can in centrally-planned way muscle the rollout and adoption of new technology better than the capitalist system, it can't. david: i agree. >> amen. >> i don't stay up at night worrying a lot. david: we all say amen to that. amen to brothers and sisters. rebecca, michael, dave, great to see y'all thank you very much. coming up iranian leaders refusing to negotiate with the united states. coming up next one thing that could break iran down. i have latest follow-up on global tensions on "bulls & bears," 5:00 p.m. eastern time here on fbn, folks. ♪

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go beyond the expected, to do the extraordinary. take your business beyond. david: president trump is on the way from japan right now. he is facing backlash what he said about north korea. blake burman with latest at white house. reporter: david, a couple different narratives coming out of the trump administration, one hand over the weekend, john bolton the national security

advisor for president trump, absolutely no doubt the short-range missile test that north korea engaged in violates resolutions from the u.n. security council. however in japan earlier today, during the a press conference the commander-in-chief says he is not worried at all about kim jong-un's most recent actions. >> perhaps he want to get attention and perhaps not. who knows. it doesn't matter. all i know is that there have been no nuclear tests. there have been no ballistic missiles going out. there have been no long-range missiles going out and i think that some day we'll have a deal. reporter: another bothered at all by the smaller missiles? >> no, i'm not. reporter: president received bipartisan criticism for a tweet he sent out over the weekend. the president said that north korean dictator, kim jong-un, quote, smiled when he called swamp man joe biden a low i.q. individual and worse. now normally tradition has it

when you head overseas you leave domestic politics behind but earlier today president trump doubled down. >> well, kim jong-un made a statement that joe biden is a low i.q. individual. he probably is, based on his record. i think i agree with him on that. reporter: from a news conference in tokyo earlier this morning. the president was also asked about iran. he wanted to make it clear the u.s. does not seek regime change. we're not looking for regime change, he said, david, but what the u.s. really wants make sure iran doesn't have nuclear weapons. david? david: blake, thank you very much. stay with iran for a moment. financial experts in iran say a deteriorating economy there could force iranian leaders to the table. heritage foundation senior fellow, former deputy assistant secretary of defense under george bush 43, peter brookes. he says iran will hold out on

talks as long as possible. peter, how bad are things right now because of the sanctions? >> they're increasingly bad, david, no question about it. talking about a contraction of about 6% in gdp. the inflation rate i think close to 40%. unemployment is 15%. the real, iranian currency, has dropped 60% against the dollar. this is, there is increasing social pressures because of this. that's not what the regime want. david: today the president said, might have been today or yesterday, i get confused with these time changes but he said we don't want regime change in iran. do you really believe him when he says that? >> i think the best, of course it would be good if that regime went away. david: yeah. >> it is autocratic repress regime and it is troubled but if we get change of regime behavior before that it would be great. we would love to see the government turned over to the iranian people. we would love to see democracy

and free markets flourish in iran. it hasn't since the revolution in 1979. we would like to see significant changes. the challenges are one in short term, syria, yemen, support of terrorism, potential movement on nuclear program. you really want to see the threats to international security change first, then down the road you hopefully see a positive government regime change in iran. david: the reason i bring it up, we had this pretty bad example of an attempt at regime change in venezuela where for a lot of reasons maduro hung on and the opposition was not able to take command of the situation which was, i don't know whether it was our fault what was going on internally because of that, is the state department a little a skiddish dealing with idea of regime changes in places like iran? >> there are challenges to that obviously. what responsibilities do you

have if there is regime change if you're responsible for it. david: yeah. >> real concern is iranian behavior at the moment. because of all the things i mentioned. iran is one of the biggest threats to international security out there, certainly to our interests in the region. that is why we've done some of the things we've done, send an aircraft carrier, amphibious group, additional troops, arms sales, sending missile defense batteries to the region. getting regime change is a major, major step. david: it is. >> getting change in regime behavior would be a first good step. david: the people of iran under had enough, i don't know whether majority or not but there were street protests but the obama administration did practically nothing to encourage them, support them, even a friendly word now and again, it wasn't coming from the obama administration. i think it would be different from this one, right? >> there has been pressure is. there is still pressure david, because of the maximum pressure

campaign. iran has lost $10 billion, at least $10 billion in oil export revenues and they only export $24 billion a year in a good year. so there is tremendous social pressure. the people of iran deserve better. they need to put food on the table. they need to be able to educate their children, need be able to look toward a brighter future. the regime is not allowing them to do that because of their international adventurism. the internal pressure campaign puts a lot more pressure on regime. there are a lot more protests that we're not aware of because of lack of a free flow of information. iranian regime is very frightened of because the last thing they want is a change to the regime they undertook in 1979. david: by the way you mentioned our troops, not a lot, 1000 troops going over there, what exactly do you think they're going to be doing?

>> well, look, we have 15,000 very capable, brave, american troops over there already spread throughout the middle east that could be called upon in a contingency if we have to deal with iranian violence or conflict but these 1500 additional troops, i'm not sure exactly what they are going to be doing but it sends a signal to iran that we're serious about our commitments in the middle east and iran should understand that we will back our commitments there. this is part of that signal of deterrent that to iran, if they start a fight with us, it's a fight they will not want to have started. david: peter brookes, thank you very much for coming in. >> thank you. david: appreciate it. homes leveled, millions without power. ohio dealing with the aftermath be the terrible aftermath of devastating tornadoes. we'll have the very latest on that coming up. where people are into coffee, tech, and retirement planning.

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david: mike tobin is in harrison , ohio. hi, mike. reporter: seems communication played a role what i is described as minimal amount of injuries and loss of life. we know one person was killed. john barber lives in this house. he watched it over local news. watched the local meteorologist said things are getting serious. he and his wife got into the basement. they saw a lot of debris fly around when the tornado hit. the house was banged up but they're fine. the film whipped up with the moisture from the tornado and covers everything. jeremy sutter got the warning over facebook. the phone pinged with more and more warnings. the house around him was largely destroyed. he, a friend and his dog are okay. now as you look around you can

see power lines are down. that is where we start getting information that five million people are without power. as we walk along to talk about it, we know one person was killed. he was in salina -- [inaudible]. david: yeah, looks like mike's, your satellite has taken a couple of hits. we'll have to leave it at that. mike tobin is in ohio. great reporting, mike. we were taking too many hits from your satellite. appreciate it. that area of the country and others are bracing for more severe weather today. fox news meteorologist adam klotz is in the weather center with forecasts for us. >> david, unfortunately more severe weather on the way. these are the storm reports over the last 24 hours, as we were talking about, stretched across the large region, through the midwest, across the plains, tornado warned storms, hail,

flooding, strong wind damage. unfortunately exact same areas are highlighted once again today. this is the radar loop for the last 24 hours. not a lot happening, take the heat of the day. firing up in the afternoon, unfortunately runs into the overnight hours this is spot paying attention to across the plains. dealing with it last week or so, stretching across the midwest. ohio included, pennsylvania, mid-atlantic, back to an area here in northern missouri, seeing a decent chance of tornadoes before the day is over. that is spot to pay attention to. we're talking about a chance of severe weather firing up. unfortunately wednesday's severe threat is the exact same layout across the plains and across the to the midwest. we're stuck in a pattern where it is very warm in the southeast. this entire area you've seeing here is getting it day after day after day stuck in the pattern.

it is not just big tornado threat. the flooding is issue, in some cases worse. this is radar estimated precipitation. we're looking at huge areas across the plain states you're talking about easily another six to 8 inches of rain. no surprise here when you're talking about all that rain, still huge amount of areas, david where we have flooding concern across the midwest, running down into the missile, pretty much all of these tributaries at least some of them getting up to record heights. it has been a long spring. looks like it is lingering into the summer here. david: adam klotz, thank you very much. appreciate it. coming up new signs huawei is already retaliating to the trump administration ban. what that could mean for the race to 5g. that is coming up. we have allstate. and with claimrateguard they won't raise your rates just because of a claim. that's why you're my favorite... i know. are you in good hands?

...or trips to mars. $4.95. delivery drones or the latest phones. $4.95. no matter what you trade, at fidelity it's just $4.95 per online u.s. equity trade. david: fears of huawei retaliation already starting the company rethinking business with fedex. companies like apple, nike could

be impacted by the ongoing feud. market watch tech editor jeremy owens, says retaliation against fedex and apple will hurt sales. that is not stopping them from starting in that direction? >> sure, sure. huawei will react in some way, right? and we're going to start seeing ancillary effects from other companies. fedex never thought they would get wrapped up in this. now that they have, there are possible benefits for their competitors. eto which does logistics and dhl, other companies in china. that is the kind of ripple effects we're going to start seeing from this. david: there was a couple extraordinary pieces, "wall street journal" piece over 20 pages long, a litany of all the ways huawei has stolen our material, our secrets over the years. they get sort of like the japanese back about 30 years ago. they get very good replicating

what we do. they're not very good at innovation. innovation we have is what they steal. they're better than replicating that than we are, have i got that right? >> kind of. they are trying to catch up from the last 30 years of innovation that we already have, right? the u.s. stopped china buying chip companies back to the obama administration. they just have to have that background, that intellectual property from the last 30, 40, 50 years, where all that innovation has come from the united states in order to get to competitor now where they need to go. david: one thing that where they have gone is in replicating a lot of stuff that led them to be ahead of us in 5g. they have 10 times the number of 5g sell platforms that we do, et cetera. wondering to go to the next step, whether they go to have the innovation after huawei has

been cut out of it by the trump administration. >> they should. they're really still sourcing from american companies, getting those chips, getting those component. we gave them a 90-day so they're trying to push that through. we're seeing a lot of purchases out of china over the last 18 or 24 month. that may have been huawei getting out ahead of this. as long as they have the components they can build this, they will go down the road as far as they can go, they need the 5g network as bad as u.s. does. david: i got back from a trip to europe. it was beautiful. everywhere i went in italy, particularly you see the signs, huawei posters up there. huawei is huge in europe in many places. what happens in europe in the struggle between huawei and the united states and 5g? >> depend on if europe -- a lot of huawei ads you see for smartphones, not as big in the u.s. but huge in europe, right? that depends on what they do when android cuts off support.

for 5g, we, the u.s. pressured europe to drop huawei so they don't potentially gift chinese government an in, if they use the u.s., they have to worry about the u.s. government having an inroad so europe is caught in the middle. david: they say the android operating system they have been cut off from that they say they will develop their own. the heck with you guys, we'll do our own os. what do you think are the chances coming up with a good operating system what they're losing with android? >> in last hour or so, reports that they would have operating system out by june, proprietary operating system by june are not accurate. they don't plan to have something out that fast. they have to come up with something. honestly, what they're offering now is the ability for a third operating system besides ios and android to have a solid home, right? huawei is the second largest manufacturer of phones right now above apple, line samsung.

so, if they put a new operating system in, naturally has a base, that could develop a third one. but are they far enough along to put that operating system. do they have proprietary operating system to go, would they buy one, look for something else. that is question huawei is putting out right now. the answer is fascinating for the future of smartphone operating systems. david: very quickly, do we end up, jeremy, put on the magic cap where you see into the future. do we endp with a deal that gives huawei a break from where we are now with huawei? >> i don't know. i was fascinated by the fact there was a signal that we could wrap huawei into the rest of the u.s. china trade negotiations, right? david: yeah. >> i did not see that. i saw those as two different tracks. huawei going more with what we've done eight to 10 years to protect our tech intellectual property and trade being something completely different. bringing those two in together i have no idea where that will go, what will lead to that i would

have to think you can't wrap huawei in, once you do, what happens then with how far we have already gone down this road? no telling if that gets wrapped into the trade deal where we go from there or go back to status quo from couple months ago. david: the great thomas sowell said there is are no new information just tradeoffs. thank you, jeremy. charlie gasparino here with how that with the t-mobile merger. >> let's see where it stand in regulatory limited bow right now. as we were first to report the fcc approved the deal, federal communications division. now need as blessing from the justice department's antitrust division. we should point out the way you get the blessing for the justice department to say we'll not bring a case against it to protect the merger. they may bring a case and may go forward anyway. you have to fight them out in

court along what lines of at&t and time warner did which they prevailed. they're going from the reason why there is antitrust issue we're going from i think four major wireless carriers, right, to three, when you combine the two. but here's the rub, the justice department, the white house, doesn't buy the antitrust argument on this going from four to three. of the basically believes, listen, sprint is a minor player. if you combine sprint, t-mobile, they compete on price with the other major ones, at&t and verizon. the other thing that the white house, we're talking white house, talking national security, talking about economic officials like larry kudlow, steve mnuchin, is that they believe that combined company will be stronger to compete against huawei. listen, i'm not saying buy the stock, on an arbitrage play. you know this thing will get approved, but i'm telling you the makan delrahim, head of antitrust division he is feeling pressure from the white house, there is no doubt about that

because they believe, having a strong company like this, for all the reasons the gentleman before was mentioning, can compete against huawei. david: this is a real battle between the two -- this is, sometimes it happens in the u.s. when it's steel or something else. >> right. david: where one company is, has the full backing of the united states government against another company that has the back of another government. >> it is not the full backing because makan delrahim hasn't said what he wants to do that. he is getting pressure from his staffers to the block the deal. the staffers are part, if you're t-mobile and sprint they would say the staffers are part of the deep state. they're obama, legacy guys and gals in the antitrust division that hate it when you lose one competitor. they think that automatically leads to antitrust issue, this is where it is playing. this is a huge story that we were first to report on fox business. there is a political aspect of

this deal, the trump administration believes a stronger two companies together, sprint, t-mobile can help fight against huawei. huawei is public enemy number one according to the trump administration. david: fascinating stuff. we want to get on to politics, direct politics. democratic candidate pete buttigieg pushing for massive fund-raising haul. you have been hearing about money they have been collecting. >> it is fascinating. a lot of these candidates are populists. they attack wall street. they're on bended knee to wall street. one candidate -- david: don't you love it? >> the one candidate not a hypocrite you have to say, hypocrite broadly, this is politics, i get it is joe biden. joe biden has never been anti-wall street by any stretch of the imagination. jim chanos, the short seller will have a fund-raiser for him. buttigieg was in the city last week, i'm listening to him, he is running around talking about forgotten working class, you know, all this anti, all this

populist, for every anti-corporate stuff and he is literally on bended knee at a posh manhattan, not a residence but it was a, i think it was downstairs from a restaurant, with these fat cats. david: are they ponying up, writing checks? >> for like, $2800. tulsi gabbard, you know, the congresswoman from hawaii, amazing story, right? david: yeah. >> she was a gulf war veteran the whole thing, she was an early bernie sanders supporter and she is raising money from wall street. so i'm just telling you guys, gals, when you hear the populists, hank, long time democratic consultant i quoted him in foxbusiness.com story, check it out on the web, he calls it the old con game. right. >> they, it is funny. chuck schumer and people that used to go out and say all this bad stuff about wall street and blah, blah. then they used to walk into jimmy cayne's office, head of

bear stearns, how are you doing. jimmy cayne used to tell me, you think wall street guys are tough. these guys are worse. he said i couldn't do 180. david: a lot of wall street guys are betting their bets. not like their heart and soul -- >> we should point out, some firms spread their bets, a lot are democrats. jim chanos is a long-time democrat. there are democrats here. wall street democrats are hesitant, more hesitant to give more this time because of the far left tilt that sanders and warren bringing as moderates. david: their future at risk. new signs of a housing slowdown. home prices rising the slowest pace in seven years. we'll have more on that right after this.

♪ david: good news, consumer confidence jumping in may, former obama official steve rattner predicting president trump would win a second term if the election was held today thanks to the economy. is the economy the wind at the president's back going into november 2020? to gop strategist, holly turner, progressive commentator rashad ritchie and "real clear politics" co-founder tom bevin. i remember reagan saying for his

re-election, are you better off now than four years ago, that led him to huge re-election strategy. is that the strategy for the trump administration? >> it is looking like that. this 2020 election is the republicans to lose. this will definitely give all the republicans not just the president a boost in 2020. this as great as it is right now, we have to remember that the president has one more card to play. he at anytime, take the pressure off of the tariffs that he has imposed on china and that would give the economy an immediate boost. so i think we'll see him work on this trade deal right up until the election. he will maybe twist the screw as little bit, try to get the deal done, if not, give us a quick boost before the economy. voters are feeling it, they're happy, and they are better off than four years ago. david: rashad, how do you combat the president on economic policy? about 70% of the public credits him for what is going on with the economy? >> yeah he is come the bag

himself. you don't have to combat the president on issue. damn near 60% of the americans like how the president is handling the economy today. translate that to people approve of his presidency now back down to the low 40s. what is messaging? message something real simple. find a values marker, create commentary around the values marker. economy is win, unfortunately the president is not landing plane. you may see for the first time in history the economic factor is not determinant for the re-election, so many times there turns out to be that way. there are bumps on the road. tom, exactly right sometimes the president seems to take victory out of jaws of defeat, other way around, forgive me, but the point he is actually talking against his game which should be all economic, no? >> sure. i mean that is what explains the fact that he has got 10, 15

points higher approval rating on economy than his overall approval rating. no the that he doesn't talk about the economy. he does. the problem he talks about other things, like "sleepy" joe biden and other things like that. that is what the media picks up. that is what sort of distorts the message for him. and he has never given any indication when, even when folks inside administration, calm down on other tweets, stay focused on coy m. that is not who he is, how he operates. no indication he will do that moving forward. he is what he is. economy is what it is. it is at top of issue list for voters come 2020 for sure. david: tom, to be specific you put together amalgam average of the polls, it is so early almost impossible to tell, biden is beating trump in the polls right now, right? >> right. in the general election matchup right now all the democrats are beating trump. biden by the most. actually beto o'rourke o'rourke is doing second best among democrats but all of them are at this point. in a national election, we had a

poll came out for example, last week, showing trump beating all the democrats in the state of florida, which gives you an indication. general election matchups are really worthless in terms of polling. david: holly, focus on economics and joe biden for a second. he does have a track record. he did come out front. usually vice presidents don't do a lot. he did a fair amount of work pushing the obama strategy of how to pet out of that horrible recession we were in. we had the recovery of summer thing back in 2010. i don't know if our viewers remember, he predicted we would have 500,000 jobs a month as a result of the obama plan, the so-called stimulus. we only ended up with a couple hundred thousand over 3 months. it was disasterous prediction on biden's part. will that weigh on his chance to beat trump? >> it will play a part of it. he has a lot to answer for though to be honest. not just his time in the obama administration as vice president. he has decades in the senate. we're seeing some of that come

back to haunt him now. so, i think he is going to have to answer a lot of questions. so far he has been silent on that. his handlers kept him off the campaign trail. he was virtually unheard from all weaken long. so it will be interesting to see what strategy he decides to go with. is he going to say, look i made some bad decisions, i made wrong predictions or will he press forward and stand by all of his decisions he made at that time. david: rashad, what about stamina? even critics of the president, the guy doesn't sleep much. he is always working. even on a golf course he is working. does biden have the stamina to keep up with trump's set all? >> i think biden does have the stamina. remember before he was vice president of the united states he ran for president himself and he kept a pretty rigorous schedule during his years in the u.s. senate. david: right. that was years ago. i'm wonder about now. >> that was years ago. his team needs to do better job making sure they give him better

options and better looks to the camera because i think at campaign cycle, campaign season all is about optics. they have not done a great job to make sure the optics. david: give us advice? what advice would you give him? what kind of optics would work for the vice president? >> he needs to do a grassroots campaign, have grassroots-style type of approach. right now seems to be let's play it safe, play it easy type of campaign. after the first debate he is attacked vicious by those in his party he will have to step up and step up in a major way. david: tom, we have 15 seconds, the debates between trump and biden if biden becomes the nominee, they will be exciting like no debate of ever seen, don't you agree? >> they are going to be outrageous and exciting for sure. i agree totally, biden trying to run a general election campaign in primary. that is a very risky move on his part. i think he has to do more than

that. like they say about prevent defenses they often prevent you pro winning. david: thank you very much for being here. could the central aim of trade talks be in jeopardy? we'll explain that coming up.

david: welcome back. i'm david asman in for neil cavuto. trying to break the longest losing streak weekly in eight

years. gerri willis on whether or not possible tariffs are worrying traders. what do you think? gerri: that's right. friday's close,marks the fourth straight week of losses. the broader markets are on pace for their worst may since 2012. can we come back? that's what you were asking at the beginning. it is a holiday week here, lots of folks are still away. volume today, light. traders say they are largely focused on the rebalancing of the index at the close which means activity will pick up toward the end of the trading day. headlines out of washington, comments from the president still at the forefront of investors' minds. one trader telling us this. it impacts every trade we make from health care to oil to technology. the president's words over the weekend, the tariffs on chinese imports could rise substantially, while not having a big effect on the broader market, still didn't do anything to help those trade-sensitive stocks today. caterpillar, 3m, united tech all

trading lower today. the chip makers are also down. intel, microchip, skyworx, as you can see. the american consumer might be the only one whose optimism has not been damped by trade tensions. the consumer confidence index sitting at a six-month high in may. back to you. david: good news. thank you. china indicating it will never give in to u.s. demands to change its economy. but actually, isn't that our central aim in the trade talks? to susan li, john bussey and john lonski. the key is that they don't play by the rules. i was going to say they don't always play. a lot of times they don't play by the rules. therefore, we want to verify that they are sticking by the rules that they sign on to. it's all about verification, isn't it? >> as i said, they have been asking for a long time for these rule changes and china has said yes, it will. it's been a slow-moving boat.

however, people i think the markets anticipate maybe this is not a protracted multi-year trade war. let's be honest, china does need a deal at this point. they are an exporting nation. their economy is slowing. i understand that. but also, they are in it for the long haul as well. they can wait this out a few more months at this point but in the end, markets are trading as if there will be a deal. david: the president could wait a couple months. i think he could wait right up close to the election. do you think, some people are saying maybe he's dragging these things out in order to get the election bump. what do you think? >> could. he's got a lot of support on this issue, including some democrats. they say something has dto be done about china. they don't play by the rules. that's pretty much acknowledged the business community has turned against china as well. there's a game of chicken, who can withstand the pain longer, united states or china but it's worked for china up until now, this model. technology theft, forced

technology transfer, huge subsidies to those industries that we don't abide by. why would they change? it's working for them. why would they change. that does not diminish the president's effort to make them change. however, it probably would have been better for him if he had some allies going into this fight in europe and japan, canada, mexico, before he -- david: john lonski, there's another partner to this game of chicken. u.s. consumer and u.s. producers. it's not just government versus the other. at what point does this gamesmanship affect the consumer? we still don't have inflation, so it hasn't affected inflation. we may get it on food products. when does this start really hurting the economy? our economy? >> this trade war started a year ago, june 2018. i think it's done some damage to agriculture. i think it's one of the reasons why we didn't quite make it over 3% in terms of real gdp growth for 2018. it's done a little bit of damage

thus far but not enough to put a dent in consumer confidence and most importantly, we continue to have the unemployment rate declining. if that's the case, americans really aren't going to care much. david: what about the bottom line of companies? will it begin to affect profits? >> there are some companies that are -- david: we just mentioned fed ex going to be hurt. >> shareholders are showing that they are worried. share prices are down. but as far as the consumer is concerned, no adverse effect. i want to add one thing about china. if china fails to liberalize, china will never reach the full potential of what that economy is capable of doing. in that case it turns out to be a lot of nonsense that one of these days, china is going to outpace the united states in terms of economic growth. >> you talk about potential for china, right, than what the economy is capable of -- under one single party control, mind you, it's not full

liberalization, not full democracy they are interested in. it's a different market structure they are operating under. >> you're right about them not reaching their ultimate capability but that may not be the top goal of the communist party. the top goal of the communist party is to stay in power. this is -- this model lets them do so. it's a huge source of patronnage for the communist party. >> all of this brings back memories of paul samuelson, his textbook early edition, early 1960s where he was claiming -- david: i have the cliffs notes of that. >> the soviet union is going to surpass the united states in terms of economic -- david: you don't have to go to a communist country. john and susan probably remember when we had battles with japan over a very similar thing. they would take our innovations and mass produce it. they were very good at mass producing stuff like we couldn't do but they were very bad at innovations. >> yeah.

well, then they built up above that as well, after taking and learning the initial technology they learned to innovate on top of that. >> i think it would be hugely mistaken to underestimate the chinese capability for innovation. they have all those kids that came over to universities in the united states have gone back. the research centers for a lot of u.s. companies now are in china because that's where they see the market is. they are innovators. >> and push for new technology, artificial intelligence, chip technology. >> hundreds of billions of dollars of state money that's going to go into -- david: i still put my money on u.s. companies for innovation. let's switch to europe because there are these elections over the weekend, political divisions widening following those elections. who is in charge? >> isn't that a great question. well, i think the populist movement has really shall we say polarized the european union at this point. david: on both sides, from the right and the left. >> turnout was at the highest in 20 years. the pro-eu party took 75% of the vote but it goes to show that it really has ignited and sparked a

strong debate, do you want to be in or out or be governed under one single currency. david: john, is there a sort of trump-like rejection of the establishment taking place in europe? >> i'm not so sure. it's a little unclear. our reporter in europe has a good piece on this right now. the center right and center left got diminished in this election which would say yes to your question. at the same time, pro-business and pro-eu but green party did just fine. so the outcome is presumed to be basically pro-eu but just not from the same power points. i'm not sure that it's a rejection or an affirmation of populism. it may be a slight rejection of the establishment. david: europe has been in a downswing, it's not a recession by any definition of the word, but at the same time, compared to what the u.s. economy has been doing, it's a pretty slow

economy. does this affect that in any way? >> it's persistent 1% growth for europe as far as the eye can see. i think what this election is telling us is many europeans want something more in terms of what we would call federalism. okay? they don't want to link let's say economic issues to cultural issues, matters like that. i think that's something we can learn from, too, going forward. david: who would want to be controlled, if i lived in, say, france or italy, i don't want to be controlled by a bunch of bureaucrats in brussels. >> that's what brexit is all about, isn't it? you don't want your country to be ruled by other people. it's about your sovereignty. i think that's part of the reason why we saw probably as you mentioned this new regime coming in, where you are basically going against the establishment and you want control over your own destiny. >> it's basically a -- it's fundamentally a pro-eu result.

david: well, but it's come down, it's the direction, yes, they did better than the others but they have come down compared to the others. >> all true. one thing to watch, the competition commissioner is now kind of a front-runner -- david: the one that puts all the fines on the companies. >> right. a lot of u.s. companies should take note of that. if she's kind of running the parliament, it might get tighter. david: okay, folks, thank you very much. good stuff. parts of the country facing more severe weather after tornadoes level a major ohio city. we will have the latest with live reports from the ground coming up. the latest innovation from xfinity

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david: president trump is heading back to the u.s. after making news on the foreign front. the president says he is not bothered by north korea missile testing and not seeking regime change in iran but how big of a threat are these nations? to former deputy undersecretary of the navy, who says iran is the bigger worry. hi, seth. why is that? >> well, it's a bigger worry because it's more imminent threat. north korea has had some restraints imposed on it by china. it's had a possible opponent in the form of south korea which is right across the border.

it has very few sources of income. it's not in a particularly strategically located place and more important, it has really no proxies. iran by contrast has proxies all over the middle east. i would compare them more to a coiled snake. they have declared their intent to lead -- i mean, it's clear they want to lead the muslim word and the jihadists wanted that. it's a completely different situation. david: they have always wanted to take the mantle saudi arabia has. i know there are different sectors of the muslim population but they want those holy cities. that's why saudi arabia is worried, as is the uae. i'm wondering, you mentioned the tentacles with which they have spread their reach throughout the world, really. the cost of the new sanctions the trump administration has put on must get them thinking maybe we can't afford it.

i'm wondering where they might be forced to pull back from those tentacles. >> well, we'll see. dictatorships like iran's including the soviet union and china seem to be able to make ends meet when it comes to committing aggression around the world. there's nothing that stands in the way between their moving resources from one place to the military. so yeah, it could have an effect but i don't expect it will. david: yet you did have, and we talked about this earlier, you had that uprising or -- and lord knows how big it was, but back in the early stages of the obama administration, which some people feel if we had at least encouraged with some statements, not necessarily fueling the situation, but just encouraging the situation, it may have gotten too much for the regime. do you agree? >> possibly. but i think fueling the situation is a good idea.

david: in what way? >> well, in the way that the iranians are, for example, much more inclined to suicidal impuls impulses. look at the war with iraq which was -- where they suffered horrendous casualties and when it comes to nuclear deterrence, that raises questions about their ability to be deterred. so it's not like dealing with a conventional state, not like dealing with the relatively conservative leadership of the soviet union, the old soviet union. these people are really serious about their ideology and sometimes we tend to forget that. david: well, so what happens now? it seems that the trump administration is not going to let up on the screws. we keep tightening the economic screws on iran. then do we just sit back and let them twist in the wind or what? >> twisting in the wind isn't bad. david: but i mean, do we have to do something more than that?

from what you're saying, there's no end to the degree to which they are willing to let their people suffer in order to achieve their goals. >> well, i think that the administration's movement of naval platforms and of troops and patriot battery to the region is a sensible idea. it blocks off or at least restrains an option that they might have been considering and lets them know that although the united states would like to disengage from parts of the world, there are some places, especially strategic choke points, where we cannot disengage. david: just an overall question, we've got to run, but do you think there's ever going to be a government in power in iran in our life times that will be an ally of the united states? as iran once was? >> in your and my lifetime? david: yeah. >> how about my son's lifetime? david: we're going to have to wait a long time.

seth, great to see you. thank you very much. appreciate it. parts of the country facing more severe weather, tornadoes levelling a major ohio city and oklahoma is bracing for its worst float od in their history. jeff paul on the ground in tulsa, oklahoma with the very latest. reporter: we are standing right here on a road that would normally lead into another road but as you see, it is covered right now with water and flooding water from the arkansas river which is just beyond that, levels are so high it's encroaching some of the neighborhoods just outside of downtown tulsa. some of these folks haven't evacuated but in areas in west tulsa, it's a much different story. some folks are starting to see the water rise there, closer to the arkansas river, and are heading out, they are evacuating. the concern at the moment right now is a levee. they are holding but officials are watching them 24/7.

in fact, the national guard has been out dropping the helicopters, these huge bags of sand in some of the troubled spots but for some residents, the writing's on the wall. they are getting out and reality is really starting to set in. >> with their bullhorns or whatever, like i hadn't seen them like that. i don't really want to lose everything. reporter: the water levels have risen since we have been out here earlier in the morning and it seems to be the situation might be getting only a little bit worse. in the forecast, we are expecting more rain here tonight in tulsa so everyone is holding their breath, crossing their fingers, hoping the river levels don't get any higher. david: it looks awful. thank you very much. meanwhile, arkansas is also facing what could be its worst flooding in history. fox news correspondent matt finn is in arkansas with the latest on that. reporter: about 500 homes have been affected or evacuated here in fort smith so far.

we are along the arkansas river. this river is raging. we have watched it raise by the hour, so much so that cars that are parked in this area would have to evacuate now or potentially face being flooded. i want to show you this tower, that is normally on dry land. right now you can see water out there about halfway up the garage door. two army corps of engineer workers were in that dam and had to be rescued from that tower because raging river water just creeped up so rapidly. if you look to the right here, there's a chain link fence. police tell us that fence is about ten feet high. that is under water. if we look closely, there's a white rope that was tied from one of these large trees leading out to that dam tower that the army corps of engineers was using to get out there. that rope is now under water. happening right now, another element here is three major bridges were closed here in fort smith, making for brutal travel conditions. major interference in commerce

and unfortunately, one of the only bridges that is open right now, we just witnessed an accident, a truck had crashed into the side of this bridge. we hope everyone is okay. unfortunately now, this is another bridge that is closed. traffic coming to a stop. this is a major agriculture area, people telling us that stopping traffic like this or impeding any types of transportation is the big blow to the economy here. in this area, we talked to two people in the residential communities who have either evacuated or are helping their neighbors evacuate. here's what they had to say. >> but it is starting to take water now. it's just getting too high. we're about done. we're just going to bag it back up here and go and hope for the best. only thing you can do. reporter: got to be pretty emotional. >> yeah. it's kind of crazy to think about. but nothing you can do. reporter: to the south of fort smith, toward the capital little rock. the national guard is assisting with sandbagging there because

all of the water where we are in fort smith is headed south toward that way and the mayor of north little rock has already declared a flooding emergency. david? david: matt finn, thank you very much. meanwhile, president trump and speaker pelosi have been trading barbs, they have been doing it all last week and looks like it might continue. could we see them work together any time soon? new details on that after this. do not miss "bulls & bears" tonight and every weeknight at 5:00 p.m. eastern for more debate on all of today's headlines. hope to see you there.

david: breaking news. the president just landing in air force one there at andrews joint base andrews air force base. there's the marine one helicopter waiting to pick him up and take him to the white house. long trip, we understand he did stop in alaska along the way to refuel although air force one perfectly capable of refueling

in air, but did stop this way. there wasn't a presser the way there was on the way there four days ago, but the president's getting back into things. this is there -- new questions on whether the president will ever be able to work with democrats at least until the election. fox news' hillary vaughn with a look at what's on the agenda. reporter: well, just half an hour from now, house law makers are getting a second shot at passing that $19 billion in disaster aid that they failed to do before the holiday weekend. remember the republican-controlled senate delayed their memorial day recess for a moment to pass the disaster bill through. they sent it to the house but that vote failed because a republican congressman from texas decided to unilaterally stall the bill by not approving it to go through by unanimous consent. a standard roll call vote isn't an option because most house law makers are not here so house speaker nancy pelosi calling the move a sabotage, but the

congressman is standing by his decision to not let his congressional colleagues just phone it in. >> no surprise that when you challenge the way of the swamp, that a few that are swamp creatures are going to attack and bite back. the reality is the people of texas 21, the people in texas and throughout the country who are tired of washington as business as usual continuing to mortgage our children's future, they want representatives to stand up and change the status quo, to challenge the way people do things there. is anybody truly happy with the way washington is working? no. reporter: some democrats in the house are growing tired of all this in-fighting, saying that their democratic colleagues in the house should really compartmentalize their problems with the president and just focus on doing their job. >> we need to address the rising cost of health care and especially prescription drugs and look, things are going to be said that ruffle feathers on both sides but we need to be adults and we need to continue to work together to try and tackle some of these tough

issues. reporter: 30 minutes from now, the house again will try to pass this bill by unanimous consent but there still is a chance that one lawmaker could object. david? david: i thought you had to be an adult to run for office. i'm just saying. i thought they were adults. good to see you, hillary. thank you very much. let's face it, the epicenter of this debate is trump/pelosi right now. that's the feud that's adding to the d.c. gridlock. ronald reagan and tip o'neill were able to work together despite their tremendous differences in ideology. presidential historian doug weed on why this time is different. hi, doug. you know, i would put it even more recently. bill clinton and newt gingrich, again, two polar opposites idealogically, got a lot of work done, even during the clinton impeachment stuff. >> yeah. it can happen if there's a dramatic election and it sometimes happens with dramatic events. after the assassination of jfk, after pearl harbor, after 9/11, they all got together and went to war in iraq that maybe didn't

turn out so great but after a big election, 1984, when reagan defeated mondale, carried every state in the union except minnesota, you bet there was bipartisanship. david: what you're saying is we are going to have to wait until after the election. nothing gets done between now and november 2020? >> and we have this new element, we have a media that hates trump. so democrats are not going to abandon the media. you had this classic moment in history, i don't think there's ever been anything like it, where you have donald trump, president of the united states, negotiating with a dictator who is threatening america with nuclear weapons and the media gives him a split screen, on the other screen is the president's lawyer calling a con man is being shown on national television. it's like sending a message to the dictator, we're with you, you don't have to deal with this guy, just wait him out, we're with you. it's astonishing. david: it is astonishing but there are presidents who have changed. i remember bill clinton changed

after that midterm election two years after he was elected in 1994, there's a midterm, the democrats were killed in that midterm. he became much more cooperative to the republicans and that's when he began to work with newt gingrich and other republicans. i just don't see, though, i'm with you, i do not see anything like that, any change like that, from donald trump, particularly before the election. >> i wouldn't be surprised if trump is willing to do some of these things. he's said it at times. i'm just saying i don't know that the national media is going to give him that chance. david: or the democrats. let's face it, the national media and the democrats have had their horns locked and they have been working in tandem. >> they are joined at the hip. no question about it. david: yeah. what can be done after suggestion there is an election and democrats have not done as well as they thought, they realized they have to come to the table, are we going to see a lot of legislation happening

after january 2021? >> i don't know that there will be a lot but it's still possible that the democrats at the polls start hitting the democrats if they continue their investigation. they then might open up to infrastructure and you know this whole immigration thing as impossible as it sounds, if both sides agree on the basics, can be done. david: you have to change the asylum laws. you have to change some of the ways in which immigrants are allowed into the country. there are a lot of things that can be done. meanwhile, as we are speaking, the president is stepping off the plane after a long flight with the first lady. melania and the president donald trump walking down at joint base andrews of course from air force one. they get on to marine one, the helicopter, at which they are going to be getting back into the white house, back into the swing of things and according to doug weed, despite their willingness to take on their

opponents, not going to be much done. we don't -- i don't think there are microphones set up there so we won't hear from the president. again, president trump and mrs. trump back in the united states on their way to the white house. welcome home, mr. president.

david: michael avenatti set to face his second judge of the day on charges of attempting to extort nike. we are outside the u.s. district courthouse. this guy has a lot of charges against him. reporter: he does. back-to-back arraignments today. avenatti appeared without handcuffs after surrendering to marshals early this morning. he did not speak except to say he understood the judge. a not guilty plea was entered on his behalf by a public defender. the judge set a bond package, $300,000 with no travel except for to the districts in new york

and california where he's facing charges, all unless he has permission from the court. avenatti is accused in a rob peter to pay paul scheme where he took money that was supposed to go to stormy daniels for her book deal, spent it, then hounded the publisher for the next payment to replace what he has taken. she was due $800,000 for her memoir, but avenatti allegedly had the payment sent to his account, even faking her signature, then spent it on lavish items like ferrari payments, hotels, restaurants, even payroll checks to employees at his coffee company and law firm. he's accused of taking a total of nearly $300,000. after a pretrial hearing at 2:00 p.m., avenatti will head to another courtroom on charges he tried to shake down nike for up to $25 million. prosecutors say he threatened to release damaging information on the evening of their quarterly earnings call and the start of the ncaa men's college basketball tournament. avenatti maintains he's innocent, tweeting i have trust

in the system i have devoted nearly 20 years of my professional life to. i'm confident that i will be fully exonerated by a jury once all the relevant evidence and documents are presented and i look forward to a full inquiry into the motivations behind the charges. these two cases carry a maximum possible sentence of 69 years behind bars. don't forget, he's also facing more charges in california for allegedly stealing from clients and also tax fraud there. so in total, he faces a possible 404 years in prison. david: thank you very much. who better to talk about all this than the fox nation liberty file host, andrew napolitano, telling us how much trouble this attorney is in frmen. >> they never sentenced anybody to 404 years. david: have you ever seen a lawyer in this much trouble? >> no, i never have. the feds when they charge you with something like this, they already have their evidence lined up, they already have

their witnesses ready to go. they could probably try the case tomorrow. this is not a let's see what we can find on him. this is a let's show the court what we already have on him. david: he's unrepentant. first of all, i don't think he has anything to give prosecutors to make a deal. what kind of -- he doesn't have a bargaining chip that i can see at all. >> the only bargaining chip he would have would be avoiding these trials which are costly and time-consuming for the government. the government will always entertain that. david: all he has to give is a plea deal? >> correct. but the plea deal, the numbers would be so gargantuan, i don't know how old he is, 40, 45 years old, you are talking about for the rest of his life. and she didn't even mention the case in mississippi which is plain ordinary bank fraud. he's facing four, two in new york, both federal, one in california, federal, one in

mississippi which is state. david: this is a guy who was the go-to guy for all the anti-trump legal opinions from every network except this one. >> the last charge against him, which is the one he just appeared before, was the financial destruction of the woman who brought him his fame, stormy daniels. david: i want to read the book. >> now people do want to read the book. he got a public defender. he can't afford a very fine lawyer. there are very fine public defenders but he's not going to get the attention he would get if he was paying top dollar. david: back to politics. senate republicans are looking to squash impeachment talks against the president. let's face it, there are not 67 votes in the senate. if the president is impeached by the house and it would only take a majority, then it goes to the senate, they would need 67 votes to convict the president in a senate trial and they're just not there. what's the point of this exercise? >> i mean, the point of this

exercise, if you ask the democrats and if they are candid with you, would be to damage the president by parading witnesses before our cameras and -- david: isn't there a time limit for a house hearing on impeachment? >> just the public's tolerance. david: they could impeach the president tomorrow, then drag it out until the election? >> well, no. they would begin the hearings as a precursor to impeachment. that's the thing for which there is no time limit. if you recall, there were two sets of hearings for nixon. there was the sam ervine committee which took a year, then the house judiciary committee which took a couple of months. that's the model they want to follow. they want to move the needle. they want to see if they can change public opinion and senatorial opinion. david: the minute it goes to the senate, let's face it, they don't have 67 votes. mcconnell could very easily use the rules to make it the quickest hearing or trial ever

of a president. >> he has to hold some sort of a trial. the chief justice presides. the chief justice is not accustomed to this. if he makes a ruling, the senate itself, the jurors, can overturn that ruling by a simple majority vote. it's a very, very odd duck we might be witnessing if it happens. david: what a time we're in. judge, good to see you. thank you very much. >> welcome back. david: thank you. your country, italy. had a great time. shares of fiat chrysler and renault higher as the two companies eye a $32 billion merger. completed, the merger would create the third largest auto manufacturer. we'll be right back. you wouldn't accept an incomplete job from any one else. why accept it from your allergy pills? flonase sensimist relieves all your worst symptoms, including nasal congestion, which most pills don't. and all from a gentle mist you can barely feel. flonase sensimist.

david: a 2020 fight among republicans, a prominent conservative group club for growth eyeing republican senator tom tillis' senate seat ahead of 2020. this as interior polling shows the senator not running away with the primary race. club for growth president david mcintosh joining us now. david, you are always controversial. we love to have you on. what's wrong with this republican incumbent? >> thanks, david. what our poll really is, is a yellow flag, if you want to use the indianapolis 500 analogy.

it's a warning that senator tillis is not doing well among republican voters in north carolina. the reason is the number one thing we look at is what's his score card. last year he was 52 out of 100. that's almost voting more like a democrat than a republican. david: be specific. 52 out of 100 in terms of the votes that came to the senate in which -- >> economic issue, you know, lower spending, less government, crony capitalism where they subsidize business and agriculture. on those economic issues, he's not doing -- he's not really voting like a republican. david: would you say he's part of the swamp? >> well, i think he's become part of it on the spending part, where they just day in, you know, every time spend these huge debt and deficit bills. but the second thing he did was he took some anti-trump positions, joining a democrat to pass a bill or try to pass a bill that would say mueller

could never be fired. he opposed the president's emergency declaration, then flipped when the pressure from home really told him stick with the president. so what we were saying with that poll is there's a problem here, but the second criteria we look at is, is there a strong candidate who can win the fall because we don't want to give up the seat. if by have somebody win the primary, replace him as the republican -- david: garland tucker is spending a million of his own dollars, right, he's a pretty successful guy to run for office, would you support him? >> he doesn't look as strong in our poll. the person we looked at, there were two of them, one was mark meadows the congressman from north carolina, and the other was mark walker, also a congressman. both of them were much stronger in that poll and our thinking is they would also be very strong candidates in the general election against the democrat. neither of them has decided to run so it may just all go away

with no primary and then we would have to see, continue to ask these two questions, is there a real conservative. now, garland is a conservative and who can make sure we keep the seat in the general election. david: very interesting. david mcintosh, great to see you. please come back soon. well, senator tillis will be joining neil tomorrow at 4:00 p.m. on "your world" on fox news. don't miss that. now, a fair and balanced look at 2020. vice president joe biden raising eyebrows for not packing his schedule with campaign appearances. democrat fund-raiser don peebles on whether it's smart for biden to lay low early on. what do you think? >> i think everybody knows who joe biden is. they know his history, they know his track record, and they know he was vice president for eight years. he doesn't need to constantly expose himself to the public. i think you run the risk in that instance, i think we saw with hillary clinton, overexposing themselves. i think he's doing it right. david: at some point he's got to come out and be more of a public

figure. when and how does that happen? >> i think as we get into primary season, i think you will see him do that and he will run up a lead in the primaries early on, and these other 23 candidates, they will start, you know, falling out of the race. it will get tighter and then we will begin to look at who the alternative is, and also, who are potential vice presidents. i think he's running a long strategy to get to a re-election strategy or general election strategy. david: he's already pulled way ahead of his competitors, bernie sanders and the rest of them. there had been some concern by moderate democrats like yourself that he might have been pulled too far to the left. he doesn't have to go that far to the left, with a lead like he has, does he? >> no, he doesn't. i think bernie sanders' popularity is way overstated. that was a rejection of hillary clinton by some of the party members. i don't think that the democratic party is ready to go as far left as sanders wanted to take them. that's why he's polling where he's polling. that's where biden, who is a much more centrist democrat, is

polling where he is. david: i've got to ask. we have right now the lowest unemployment rate among african americans, hispanics, women, almost ever. how do you go against that? because you are going to have to be advocating a policy that goes against the man who helped create an economic environment like that. >> i think it will be personal story. i think that's going to be one of them. how we are perceived globally. that's going to be another discussion. and this ever-growing wealth disparity and income disparity. by the way, that didn't start with trump, it didn't start with obama. it's been long brewing and it's just expanded and expanded. now, while we have an economy that's robust, it's closing that gap a little bit. but i think that's where biden goes, as to how do we accelerate this, you know, closing of the wealth gap, the income gap. i think that's going to be it. because he can't run against the economy other than it's not being inclusive enough. david: let me talk about another

presidential candidate out there. new york city mayor bill de blasio is launching a policy to more than triple the number of teens who are released from city jails with no bail, some of whom have been charged with first degree felonies and assault. don, you were a supporter of the kind of policies that turned new york around from the place where there were 2200 murders a year to one where now you have less than 400 murders. 86% drop in violent crime because of policies that go exactly counter to what mayor de blasio is doing now. what do you think? >> i think the problem with the mayor has always been he goes too far to one extreme. look, there is, you know, there is always room for adjustment and i think new york city is such a big city that when you govern it, it needs to be governed by incremental change, making moderate adjustments. so when you -- david: bloomberg was not very moderate in turning things around. >> bloomberg moderated those policies to a degree and de

blasio should have done it. look, i think the issue here is there are many people who are incarcerated and they can't get out on bail and we are in a system where innocent until proven guilty. so there should be some balance for non-violent people who are waiting trial to get some form of relief. but not people who are -- who have been arrested for violent crimes. david: what really turned this city around, i was here, you were here when it happened, was this broken windows theory put into action which is that if you stop the small crimes from happening, if you really make people pay for the small crimes, and keep them in jail so that they can't commit worse crimes, things will turn around. that's what happened. we did turn things around dramatically and this is going in the opposite direction. biden, we were talking about joe biden, he was in favor of that 1994 criminal justice bill for which he's being attacked now by some left wing democrats. i mean, if it was good enough for you back then, it was good enough for biden back then, is

bill de blasio going to get anywhere with this policy? >> i think that was a different time in the country and so extreme measures were taken, just like a cancer patient, you go -- david: we got the cancer because of policies like de blasio's. >> now that you get rid of it, you've got to maintain treatment. david: exactly. exactly. >> i think what de blasio wants to do is abandon these policies. david: why didn't you run for mayor? i wish you had run for mayor. >> thank you. david: there's still time. you can still do it. great to have you on. good to see you. president trump back in the white house after a four-day trip to japan. an update on the president and his trip after this. i customize everything,s junkie, like my bike, and my calves. liberty mutual customizes your car insurance, so you only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪

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david: the dow is struggling to maintain the green. it was up over 100 points, 135 at its height. it come down, but now popped into the negative again, barely so. they're looking to snap a five-week losing streak, all the stocks on the dow. we'll wait to see whether it is able to do it again, with all the questions about china hanging in the air, it is anybody's guess. neil is back at 4:00 p.m. eastern on "your world" on fox. he will joined by 2020 presidential candidate tulsi gabbard. i'm back at 5:00 p.m. eastern for "bulls & bears."

medicare proposals that go far i don't know any subject has right now. chars payne dealt with it brilliantly on discussion of socialism versus capitalism. if not, when it was originally broadcast t was broadcast a couple times over the holiday weekend t was terrific. really good stuff. charles: thank you, david. we have to get you on with the next one. believe it or not we didn't solve the issue. david: i am not surprised. charles: this is charles payne. breaking right now, president trump arriving back to the united states a few minutes ago after a jam-packed trip to japan that included foreign policy and trade discussions along with a powerful speech to u.s. servicemembers stationed. there we'll recap that. a mixed day for the markets. the economy is still on fire. in fact consumer confidence soaring through the roof. several forecast models predicting a trump victory in 2020. we'll break down why the economists are