handicapping the chinese deal. that is how you put predictability in your portfolio. [closing bell rings] liz: thank you, john crestwell. the dow and nasdaq falling for the third session in four. what a swing. 341 points for the dow. time for "after the bell." melissa: president trump just arriving back in washington, d.c., after his trip to japan saying the u.s. is not ready to strike a deal with china. the dow sinking at the close at session lows ending down 237 points after a five-week losing streak. i'm melissa francis. >> i'm jackie deangelis. in for connell mcshane. s&p 500 and nasdaq both closing in the red for thirst time in four days. melissa: more on big market movers. here is what is new at this hour.

devastating severe weather not over but worst may be yet to come. tornadoes tearing through ohio, killing one person and leaving five million without powers. look at the pictures. >> >> oklahoma an arkansas, residents are bracing for the worst flooding in history. the latest on the power if you recall storms, and where the threat is headed next. back-to-back court appearances for michael avenatti, the disgraced attorney is facing charges on different cases. how avenatti is vowing to clear his name. iran firing back at the trump administration. the latest on war of words between washington and tehran. jackie: from washington to wall street, gerri willis on floor of the new york stock exchange. edward lawrence at white house. we start with edward. reporter: jackie, saying we are not ready yet for a trade deal

with china. he made comments talking with the prime minister of japan. with japan he put acceleration, accelerator on the discussions there. but with china seems we have brakes on. listen. >> they probably wish they made the deal they had on the table before they tried to renegotiate it. they would like to make a deal. we're not ready to make a deal. we're taking in tens of millions of dollars of tariffs. and that number could go up very substantially, very easily. reporter: tariffs on $200 billion of items went up to 25% on may 10th. companies that ship from china on may 9th may not pay the tariffs. the last round of those shipments docking this week. takes 14 to 21 days to make a journey to china from the united states. 21 days is this thursday. truly after thursday. about every company that imports to the u.s. will have a decision to make. to absorb the increased tariffs or pass on if they're effective with this.

president here also excited about the opportunity to have a trade deal with japan. he is telling us that that won't happen though until the upper house in japan has their elections that will be in late july. now meanwhile some good news out of canada. the canadians are moving forward with a vote today on moving usmca into the ratification process that will move the usmca possibly in the front of the house of commons tomorrow. the vote today is a formality that brings us forward to tomorrow. we're waiting to see when house speaker nancy pelosi will bring our usmca up for ratification. >> i think speaker pelosi is having very good open conversations with ambassador robert lighthizer. i hope the larger political issues don't get in the way here, because when it comes down to substance it is just a phenomenal deal. as i mentioned before, moving forward on usmca improves chances for a deal with china.

reporter: mexico's foreign minister say they will ratify usmca coming up soon. back to you guys. jackie: thank you so much, edward lawrence. let's bring in market panel to react. gary kaltbaum, liz peek, foxnews.com columnist. they are both fox news contributors. gary start with you. we started the session strong this morning in positive territory closing well over 200 points lower. what happened? >> the markets are on the defensive. a few sundays ago when the whole china thing changed it topped the market out. i think we go lower here. my estimates for gdp this quarter are going down. they're under 2% right now. i think market is starting to reflect it. of course continuation of this china thing not happening and not going away is the definitely not helping. and semiconductors are feeling serious pain and they usually lead the markets up and down. jackie: okay, liz, the china

story is not a new story the market bracing for the fact these conversations could continue pretty much all summer until we see some resolution here but we did see a flight to safety today. 10-year notes yields falling again. investors are positioning themselves differently now. >> i feel sorry for traders because at any moment the president can tweet out something that makes a statement that completely changes the outlook for the tenor and speed of these talks but certainly the markets are factoring in a distinct slowdown. i would just note we had consumer confidence numbers that came out were considerably better level than anyone expected. it bounced up very strongly in may. bloomberg's consumer comfort number came out stronger in may an some economists i follow say their company surveys also turned much stronger in may, towards the end of the month. so i don't think the economy is on the skids. i think maybe people are overreacting to the china trade

impasse let's call it because right now the consumer is really now in the driver's seat and they're doing pretty well. melissa: we'll see. the dow accelerating losses into the final hour of trading. let's go to gerri willis with all the details. gerri? reporter: we're down 237 on the dow. five weeks in a row since tuesday, all markets down, nasdaq down as well. here is what is going on. financial, industrials stocks are weighing on the dow. in particular 3m, goldman sachs accounting for half of all the dow loses. you have seen the story play out before. 3m has a lot of trade with china it does. those stocks getting hammered today. bonds hitting multiyear lows. companies like goldman sachs relying on rising rates to do better business, make more money, have better earnings. that is not happening right now. so that is a concern as well. a technical thing out of traders talk to me about on the floor of the exchange.

msci rebalancing. that is a rebalancing. a lot of volume coming through at the end of the day, a lot of trading at the end of the day. anything can happen today on the downside though. i also want to speak about consumer confidence that was just mentioned, higher than expected. this is rising in may, to levels last seen last fall. you can see the number here, 134.1, it is an index, from 129.2. this is interesting because the markets are, have beendown beat right, worried about china, worried about trade, worried about tariffs. the consumer is not feeling that pain right now. even though companies like walmart are warning they have to raise prices out there. a good news story. consumer confidence higher. we need that good news story. melissa: definitely, gerri, thank you for that. a booming economy heading into 2020, will it be enough to push president trump into re-election? "new york times" op-ed taking that on outlining the

president's formidable 2020 tailwind in their opinion citing three different election models that are predicting a victory for president trump. gary, what do you think of this? it's a yale economist who is behind one of the ones that predict the most. the irony of it, this same economist did not predict trump would win last type around but then again no one did so. >> the last i looked, there is 524 days to the election, so i do believe present of things can happen. i think the president really needs to worry a little bit here in that, look, we're in the 3s in gdp as well as unemployment and he is still behind joe biden right now. i think that speaks volumes and hopefully somebody in his ear about everything else that trump says or does because if it is just the economy i think he should be 10, 20 point ahead and polling in the 60s and 70s right now. this could be election.

melissa: that shows you're listening to the polls. we learned that one last time around. i don't know, it is also possible that we're so far out, you have to watch the economy but economy and incumbency, those are things that push people to the voting box, liz. >> it wayne just one survey like this. there is a whole bunch have the same conclusion. if the economy stays on track and given the advantages of incumbency which are enormous, president trump will indeed be reelected. why all you hear, forgive me from the liberal media is negative stories about the economy, negative stories about china. which is why i mentioned consumer confidence. guess what? the average american is feeling pretty good about life right now and they're voting. melissa: we'll see if that lasts. giving apple another chance. amazon is reportedly eyeing a return to new york city after walking away from a deal to build a second headquarters in long island city, according to "the new york post." gary, what i think is so interesting like this, one of the criticisms from a lot of

tech companies, amazon did it all wrong. they had a public bake-off, they told cities they were competing against each other. as a result they got a good deal, they had all the backlash. other companies come to new york, quietly taken up residence. maybe that is what amazon is trying to do first time around. what do you think? >> first off, let's not tell alexandria ocasio-cortez about this. melissa: right. >> i don't think amazon did anything wrong. they let the world know they were looking at places around the country and people, cities were bidding like crazy to have amazon. unfortunately you had a couple of people in long island city around that area for whatever reason did not want 40 to 50,000 jobs and that that could provide for the next couple decades. melissa: yeah. >> amazon looks like they will go manhattan. guess what? good for manhattan. shush, don't tell her. melissa: don't tell anyone. liz, your thoughts?

>> they're clearly building on an existing presence in new york. it makes a lot of sense for them to come in quietly, take more office space which is what they're doing. i would say a shoutout to our ex-mayor bloomberg, which made new york a tech hub. it was nowhere 10 or 15 years ago. melissa: that's true. >> all the tech companies are here. really impressive and a big engine for growth. melissa: no matter how much de blasio tries to destroy it. gary, liz, see you guys. jackie: north korea's nuclear threat, president trump dismissing the rogue regime's missile test and an opinion that runs counter to his top advisors so what is behind the president's strategy? melissa: bracing for devastation a string of tornadoes rip through ohio and leaving houses destroyed across the state. we're live with the latest. jackie: new dangers for thrill-seekers looking to top the world's tallest mountain coming up.

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melissa: downplaying the threat, president trump striking an optimistic tone on north korea during a news conference in tokyo despite recent missile tests by the rogue regime. take a listen. >> i'm in no rush at all. the sanctions remain. we have our hostages back. a lot of good things are

happening. very important no nuclear testing for two years. reporter: not bothered at all by the small missiles? >> no, i'm personally not. melissa: we have david sears a retired navy seal. what do you think about the president said? do you think he really thinks that, that is sort of reaction he is putting forward, not a big deal, even though, probably is? >> i think that he does think that. i think that he is looking at the macro end of things, just as he says there haven't been any nuclear tests. there haven't been any long-range ballistic missile test the he is focusing on the big picture to come to the table, stay on that piece, denuclearization piece and not get wrapped around some of these smaller things. melissa: his national security advisor john bolton says this violates the u.n.'s ban on this testing. a lot of people have made the point he is standing next to prime minister abe who clearly does not agree with him on this and is one of his original

allies? >> yeah. i agree. you know, mr. bolton definitely doesn't agree with it. he is much more of a hard-liner and he is probably right. this likely violates the sanctions, u.n. sanctions as well as their wmd program and nuke program alone violates those sanctions. he is right to say it as well. president trump is playing a different good cop, bad cop role. i think he is fine with that. melissa: he is fine with it. do you think he is making anymore progress than the administrations beforehand? almost everything has been tried with north korea. a lot of pressure. he tried a different approach which certainly makes sense. if you failed bun of times in one pursuit is makes sense to flip the script. do you think he is making progress at this point? >> only measure we have since january 2018 we haven't seen any nuclear tests and we haven't seen any long-range ballistic missile tests this is the longest period of non-provocative actions since the korean war. so in that sense, yes he is

making progress. we'll have to see where this ends. he is doing better than anybody else is so far. melissa: all right. while you're here i want to get your take on iranian officials they see no benefit to negotiate with president trump or any members of his administration. that is their public stance that is the statement they made. the president other than saying he thinks iran is willing to negotiate an wants to talk and he is open to talking, how do you read that situation? >> i like that. often with president trump we don't see him referred to as taking the high road in rhetoric but here he is. iran really likes innamer to rhetoric. they use it. i like he diffuses it a little bit. doesn't give them a stage that they want, says i will talk with you. they are confused. iran is definitely confused. >> does he do the opposite what everybody before him did? is that what you're sensing? >> right. none of those other things didn't work. the appeasement strategy of iran didn't work. north korean strategy we ignored and looked the other way.

it built to a problem from kicking the can down the road didn't work. it is time to try something different. it is refreshing. melissa: i guess if you look at it, what he says is one thing and certainly, i've been told many times it is very important in diplomacy. on the other hand in terms of actions he has sort of put the screws to all of these actors and russia as well, if you look at iranian sanctions or the way that he is enforced the sanctions against north korea, even seizing that cargo ship, that the u.s. believes they were using for nefarious purposes. the same with russia. really pressing them as hard as possible. his actions, seems like been consistent across the board with all of these folks, do you agree? >> i would agree. his actions have been consistent and substantive. when he draws a red line. when he says he is going to take action he does. he is taking substantive actions against their economies with sanctions, like you said, seizing the tanker off of north korea. putting forces, b-52s or

carrier group into the gulf. he definitely backs it up with substance. i think they also get that message as well. he is not someone who is just going to use rhetoric lightly and as a paper tiger. melissa: david sears, thank you. >> thanks, melissa. jackie: setting the stage for 2020, president trump taking another swing at former vice president joe biden for his past policies. why some democratic contenders are joining in on the president's criticism. we'll talk to marianne williamson, democratic presidential candidate coming up. the case against michael avenatti, facing two separate arraignments on charges from bank fraud to extortion. judge napolitano on the legal fallout after this.

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but dad, you've got allstate. with accident forgiveness they guarantee your rates won't go up just because of an accident. smart kid. indeed. are you in good hands? jackie: michael avenatti finding himself on the other side of the docket. the disgraced lawyer famous for seeking big settlements now finds himself in the role of defendant in two cases today.

fox news's jacqui heinrich is live in front of the federal courthouse. reporter: jackie, michael avenatti wrapped up back-to-back appearances. he was very calm but indignant in court, telling the judge he is not guilty but 100% not guilty. he had words for reporters we'll get to in a minute. just wrapped up his second two of arraignments. earlier pleading not guilty on charges he tried to shake down nike for up to $25 million, threatening to release damaging information ahead of their quarterly earnings call, the start of the ncaa's men's college basketball tournament. he told the company's lawyers he was not messing around and if they didn't pay up he would take $10 billion off the nike's market cap. he pleaded not guilty in a rob peter to pay paul scheme for stormy daniels. he took money that was supposed to go to daniels, spent it and

the asked the publisher for repayment of what he had taken. having those payments sent to his account, even faking her signature. then accused of spending it on laugh -- lavish things, ferrari payments, payroll checks to company's law firm. he is accused of taking a total of $300,000. he maintains that he is innocent. >> i intend on fighting these charges. and i look forward to a not guilty verdict in even of these cases. i am confident that when a jury of my peers passes judgment on my conduct, that justice will be done and i will be fully exonerated. reporter: these two cases here in new york carry a maximum penalty of 69 years behind bars. this in addition to charges he is already facing out of california. accusations of tax fraud, also stealing from other clients including a pair.

jackie: thank you jacqui, so much. melissa: here is judge andrew napolitano, fox news analyst and host of "the liberty file." when he says he will be fully exonerated a lot of charges in different states with a different authorities and a lot of different crimes. what are the odds he gets off? >> federal government usually prevails on cases like this, not all the time but most of the time. they don't pull the trigger, that is, file a get an indictment until they have all the evidence ready to go. they have a 90-day period which he can pull the trigger, i want to try the case, they have to be ready to go. stated differently the evidence against him is overwhelming. what do you think of his bravado? that is his style. i would be surprised if he

didn't stand in front of camera i would prove myself innocence. he doesn't have to prove himself innocent. the government has to prove him guilty beyond a reasonable doubt. he did say in the last of his arraignments today, absolutely not guilty, your honor. which is his style. that doesn't resonate differently to the judicial ear. that is just the way he is. melissa: when you look the a all the crimes he is being charged with from extorting nike, saying unless you pay me, $20 million to come in and perform an audit of your company, i'm going to have a press conference allegedly and tell them what you have actually been doing or otherwise i will be quiet, i will audit the company which is, they say that is extortion. it sounds pretty darn close. he goes through from the bankruptcy fraud to bank fraud, to stealing from his clients. what strikes me is that he could be accused of so many crimes in such rapid succession but not

before this why do you think he got away with so much for so long and now all of a sudden, he was apparently doing things all over the place, no one thought anything of it before? >> this is not a defense. and a lot of judges wouldn't permit it, but i'm sure picking up on what you so nicely summarized, melissa, he wants to argue these are political prosecutions because he essentially been serving his clients needs. he may have moved money. trying to summarize what i think his defense is going to be. he may have moved money from his clients to his own account, but clients knew about it, nobody was harmed, until he ran into this guy became president of the united states, donald trump. he probably would like to make that argument, quite frankly the government's motivation for the prosecution, unless it is motivation is patently clear and utterly inconsistent with its mission is really irrelevant to the jury. on the nike case, they have tapes of all the conversations. he will say this is hard ball

negotiations to settle a case but i didn't hear the tapes. i read transcripts of him. it is pretty clear it was extortion. melissa: it was pretty clear it was extortion. i read the transcripts as well. i guess the flipside i was trying to make, only he hadn't tried to be a national television star, hadn't become a darling of the media an didn't put himself out there so far, would he have got enaway with these crimes because it didn't seem like anyone was really catching on? i mean the most prominent of all of them was taking money from his clients in order to keep his private planes and his ferraris, all these things going. you know, it seems like he was getting away with that until he went on tv? >> it certainly did. if you think about this big picture, the client he defrauded is the client who made him, who made his notoriety. made him national figure, stormy daniels. melissa: one of them. >> he will probably get her to say it was no big deal, i knew

he would pay me back and it didn't trouble me. i doubt it. i'm sure the feds interrogated her, interrogated her before a grand jury. they locked in her version of events. she can't tell a different version of events without lying under oath in one of two forums. melissa: he told her the publish letter wasn't paying because book sales were slow. that is what a law enforcement is saying. >> always a pleasure. melissa: crazy story, jackie? jackie: it is crazy story and only gets crazier. deadly tornadoes and flooding take over the parts of nation. it isn't over yet. the details are coming up. melissa: not ready to strike a deal with china. what happens to american businesses caught in the middle of the trade dispute? we're speaking with one business owner late this hour. jackie: already-dangerous trek to the summit is getting even worse. why it is becoming one of the deadliest years to climb mount everest. melissa: that is a line to get to the top? can you believe it?

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melissa: tremendous damage in the heartland. middle america devastated by tornadoes and floods. more than 50 twisters touching down across eight states, leaving more than five million without power. 60 million americans are under is a severe weather threat. mike tobin is in harrison

township, ohio, with the latest. mike in. reporter: according to the national weather service at least two of tornadoes that touched down outside of daytona, high, ranked three out of five for the fujita scale which is the scale for meteorology. a line of storms formed up over the nation's midsection. it whipped up more than 50 twisters. it stands to reason some twisters will hit population centers and residential areas like they did in harrison township. if you look around, see a garage collapsed. so many trees knocked into power lines. that resulted in five million people without power right now as we're talking. people in this area heard the warnings. they got on the radio. they looked at their phones. they watched local tv. they heeded warnings, went to the center of their house or the basement. you had casings like the house you're looking at. the house came apart around him. he is okay. he was there with a buddy and his dog.

everyone survived. a little beat up for it. glad to be alive. they lost belongings in the house but glad to be alive. they heeded the warnings. first-responders spent the day going through the debris in places like this. there was an individual killed in is salinas, ohio, when a stom dropped a car on him. they're trying to see if there is somebody they don't know about similar to that man trapped in the rubble. melissa. melissa: mike, thank you. those pictures behind you are incredible. jackie: flooding severe storms, tornadoes, straight line winds that began in april, to put all 77 counties in oklahoma in a state of emergency as well. the town of el reno, oklahoma, is recovering after a deadly tornado hit it on saturday. mayor white joins us on the phone. mayor, not just tornadoes that are the threat at this point. flooding is the issue? >> yes.

we're -- we had flooding last week on the west side of our commune. and then the tornado basically to the southwest side of our community. we just, we are completely full of water around here of the we do not need anymore rain. storms are coming in tonight. so we're on full alert. everybody is, we have all hands on deck. we're preparing for the worst, praying for the best. we hope everyone prays with us. we need a little relief to get the recovery going in the right direction. jackie: mayor white, every county in your state under a state of emergency. 77 of them. how is the morale on the ground? you said all hands on deck. are people staying safe? >> yes. i think everybody is being real weather aware. we had the government on the ground yesterday. the president called in to the governor. i was right beside him. president encouraged us to stay safe. they're giving us all the help we can on the state and federal

side. we have many so of the best men and women working locally. el reno police department, fire department, sheriff's department, ambulance service all these guys, st. anthony's hospital in el reno everybody is doing a great job, the public works department. these are trained professionals. we're prepared for the worse. we're hanging in there, yes, ma'am. jackie: not to diminish the human tragedy here, looking at some devastating damage, hard not to think about what the recovery cost could be from something like this? >> you're exactly right. we had two loss of lives. you cannot put a price tag just like you said. we're heartbroken over it. there are several injured. we have a lot injured. we transported 16 individuals to oklahoma city. and we had 13 in our emergency room here in el reno. not to mention like you said, several businesses, car lot, dodge dealership, all three

dealerships, dodge, ford, gmc. the dodge dealership i don't know how much it lost, has to be well over 80% mark. just unbelievable the devastation. jackie: mayor white, i've never been in a tornado or flood per se, but i've been in several severe category 5 hurricanes, i know there is something amazing comes from morale on the ground of people coming together, sort of joining forces against a natural disaster in every way to help, as you said, brace and move forward. are you seeing that? >> oh, there is nothing i saw more. i was on the ground at the scene within a matter of four minutes. we had everything going. we've been through disasters before. we had the world's largest tornado right in our community south of us, six years ago. all of our men and women are real prepared for this. they're trained for this. but it was, you know, you think it would be chaos. tornado was coming off, after

the chaos everything works like well oiled machine. everybody did their jobs, stepped up to the plate, saved lives t was a tragic scene what happened on one side of it, but on the other side it is outstanding what god puts in human beings to save lives. it is really is powerful to see that. jackie: mayor white, thank you for your time. our thoughts obviously with you and your community. >> thank you so much. melissa: the race to 2020 is heating up. democrats looking to get their ideas across to voters in a packed field. marianne williamson, democratic presidential candidate, just securing her spot in the debates. she will join us here next. as we continue to remember those who made the ultimate sacrifice for this country. also one veteran is making sure the story of his family's service is not forgotten. ralph grenido, he is now 91 years young. he is one of seven brothers who

served during world war ii. his older brother carmine died while fighting for our nation. the brothers built this "g.i. joe" stratfew to honor carmine's memory. for 74 years, including this weekend, and members of the post have been taking care of statue. the youngest member, 88 years old. we thank them for their commitment and service. look at that photo.

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melissa: predicting it will hurt his 2020 chances, president trump slamming former vice president joe biden in his involvement in the 1994 crime bill tweeting, quote, anyone associated associated with 1994 crime bill will not be have a chance to be elected. in particular african-americans will not be able to vote for you. i on the other hand was responsible for criminal justice reform, which had tremendous support and helped fix the bad 1994 bill. the president is not alone in his criticism. in fact he is getting some supports from democrats. candidates kamala harris, bill de blasio are splitting with the 2020 front-runner over his defense of the bill. this all comes one month before the very first democratic primary debate in miami where our next guest has qualified for the debate stage.

marianne williamson is democratic presidential candidate and she joins us now. thank you so much for coming on the program. congratulations to you. for getting over the threshold to join the rest of the group in miami. let me ask you the question of the day, which side do you come down on, on the 1994 crime bill and, you know, former vice president joe biden's position? do you think that kamala harris is right to criticize him or do you think that the vice president was right with the legislation? >> i would not have supported that bill but i don't want to get in on whether kamala harris was right. kamala harris has her message. joe biden has his message. i'm not, i have my message and i would not have supported that bill but i'm not here to criticize joe biden. melissa: yeah. do you think that this is, the president is obviously trying to get democrats to fight amongst themselves to give fodder to those that want to take a shot at joe biden. do you think it will come to that on the democratic side as things move further along?

when do you think that will happen because eventually as you guys are battling for the top spot over there you will have to criticize each other? >> i don't think that is necessarily true at all. that is not how i see my campaign. i want to present to the american people a vision of where america has been, where america is, and where america needs to go. i think people are so exhausted by the fighting, people are so exhausted by that chaos within politics so much. i don't want to be part of it. i don't think the american people really want that. that is not where i live within my heart. melissa: i know on the policy front that you believe in "medicare for all." you say that medicaid for all isn't good enough. how do do you think we pay for something like that, when the average medicare recipient takes out four times as much as they put in in terms of payments? the math wouldn't work to have everybody on there. how would you deal with that? >> there are two issues here. first of all i would repeal the 2017, 2 trillion-dollar tax cut although i would put back in the middle class tax cut. i would close a lot of those

corporate loopholes. i don't see why we gave $26 billion alone to the fossil fuel industry. i don't have a problem with 3% tax on billionaires, and 2% tax on people -- melissa: that still doesn't get you there. >> it doesn't, it doesn't, however if i may, i believe money comes from people able to live their dreams. so first of all, when you look how much money the average person spends on health care, how much more money people will have to spend on their lives to rouse, to work, this ups your consumer base, ups the tax rate. it would not happen immediately but i believe that is where money comes problem. i believe every dollar that we spend hoping people to live their lives more fully is dollar that stimulates the u.s. economy. melissa: do you worry that people would throw in your face the fact that president obama said when he was selling the health care plan that we would bend the cost curve by having more people on there and being healthier, you know that prices overall were going to come down and that was going to pay for it in fact what happened,

everybody's health care premium went up instead? that was proved to be not true, we heard later from the people that had designed the plan they knew that wasn't true when they were saying it. they thought they could sell that. do you worry you will be compared to that? how do you respond? >> no matter what i say people will be criticizing my views. that is part of the having a political opinion. but no, i believe that money comes from people able to soar. that is why i want universal health care. that is why i want higher minimum wage. that is why i can't cancellation of most of these college loans. why i want free college. because you know, i believe in -- melissa: how would you pay the teachers then? if money comes from soaring to pay university, teachers if it is free, who is paying the salaries and mortgage of the university and you know all the bills that have to be paid there? >> first of all the things that i mentioned in terms of all the ways that we increase our revenue, all the ways which we stop governmental spending, when

you look at things this government spends money on. we can go with the math all we want. you can use the math to prove universal health care is good for the economy. you can prove its bad for the economy. i don't believe you start with the economics. you start with that which puts us in a lylement with democratic principle, put us in a linement with economic justice and puts us in align with democracy. melissa: i would love to worry about my own bills later rather than -- >> i disagree with that. i made money. money comes from doing the right thing. i'm not naive about money. melissa: thank you for coming on. we appreciate your time. good luck to you. >> thank you. jackie: meantime the trade war continues as negotiations are ongoing between the united states and china. american businesses are scrambling for answers as they attempt to combat negative effects of increased tariffs. american business owner brian harker, president of the better tools company was recently in china with various manufacturers and gained a unique perspective on the trade war. welcome, brian.

great to see you. >> thanks for having me. jackie: i'm wondering what your perspective was on the ground there? we know here the president is optimistic a deal won't be done right away but it will happen. i wonder what the chinese perspective is right now? >> i completed a very extensive talfs in china over the last self weeks and visited many companies, spoke with many factories and the 25% is definitely on everyone's mind. that is what everyone's talking about, and quite frankly the chinese are both confused and a little befuddled, bewildered why the u.s. imposed it. yet you talk to someone within a few sentences later, that same person will tell you that a customer provided them a bunch of technical details of a competitor's product, basically their intellectual property, and that is how this person launched their chinese business. jackie: interesting. i'm wondering right now, as a result of the tariffs that we've seen so far how you have been

able to think about your manufacturing, impact that it had, if you're thinking about making changes for the future? >> well i think we're both are. i think china is. all u.s. suppliers are also. we do both sourcing in the u.s. and into asia. part of the issue is trying to be able to plan for the future, not really knowing what that future looks like. whether that 25% is week old, a-month-old or a year from now but we are investigating. it's a premature to make the leap yet but we're investigating bringing some things back to the u.s., looking at other countries. i know the chinese are definitely looking at other countries. they're looking at vietnam, looking at cambodia. any one of those is fairly long-term play. especially in our industry, because you have equipment, training et cetera, that takes time. you just can't flip a switch. jackie: really quickly you feel though this could have negative impact on your business or

started to already you still support the president in terms of that long-term view? >> absolutely. our company is predicated on the protection of intellectual property. i have it say not all chinese companies actually want to do bad things. we're working with a company now called sumix tools. a industry leader, very large company in china absolutely wants to do the right thing, protect intellectual property, work with you appropriately. and unfortunately there is a big retailers in the u.s. that could actually help play a very important role in turning this situation around. if they would look at somebody like, sumix because there are other players, there is company called grape star, who does not do the correct thing. they do bad things. they violate contracts. they're continually sued. jackie: brian? >> yes, thank you, we're running

out of time. thank you for your perspective. good luck to you. >> thanks so much. >> fulfilling a risky dream, the mount everest death toll is spiking this year. what officials are calling a big factor in the deadly climb. that's next. ...

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with this type of plan there are no networks or referrals needed. also, a medicare supplement plan... ...goes with you when you travel anywhere in the u.s. call today for a free guide. melissa: it has been a tragic climbing season at mount everett greg p has the details. >> the lack of oxygen, dehydration scaling mount everett is not easy but bad weather caused problems this year and mostly the seer numbers of climbers creating a deadly grid lock in the skies, nepal, one of the countries set a record 381 permits allowed that's $11,000 a permit, pure greed, according to some, plus the inexperience of the climbers , and this used to be the scene of skilled mountaineers and now according to one observer they just want to get to the summit to take the selfie. in addition to greater security

measures people say there's got to be better screening of the mountaineers and also a smaller number. >> bulls & bears starts now. president trump: they would like to make a deal. we're not ready to make a deal and we're taking in tens of billions of dollars of tariffs and that number could go up very very substantially, very easy. david: president trump returning home this afternoon after turning up the heat on the china trade war hinting now that the u.s. is in no rush to seal a deal and warning to china the more tariffs could be on the way hi everybody this is bulls & bears i'm david asman joining me on the panel christina partsinevelos, carol roth, robert wolf and jeff. well the president sounding off on china saying he's going to bid his time at a deal. let's go straight to edward ce