high. [closing bell rings] what a move today. 523 is the high of the session. google, apple, amazon, facebook are real movers here. as jpmorgan said, well they expect a 25% chance of recession. not today. melissa: investors putting trade fears aside, cheering on the fed's nextability on rates. the dow surging into the close, look at that, ending up 511 ending second day in a row ending higher near session highs. s&p 500 finishing in the green as well. the nasdaq closing up more than 2 1/2% after entering correction territory yesterday. what a day. neil: yes. melissa: i'm melissa francis. i know who you are, but i'm connell mcshane.

connell: i'm connell mcshane. gerri willis following all action on the floor at new york stock exchange. edward lawrence has overseas as assignment. with the big rally, gerri, let's start with you. reporter: rallying into the close up over 500 points. it is jay powell's market. we just live here. the federal reserve chairman says he will act appropriate. that is a quote to defend the u.s. economy, meaning he will cut rates. the market baked in two rate cuts. what you saw info tech which sold offhand dilly yesterday, financials on fire today, as a result. goldman sachs, for example, up 3.6%. tell you what mike mayo, well-known banking analyst had to say at wells fargo. the industry is set to party like 1995. if it gets one or two rate cuts. that was a big deal in the marketplace. info tech was a big story as we

saw a huge selloff yesterday, google, apple, all the names higher today. the stocks recovered. interesting, apple, news that company is working to be be at the forefront of protecting your privacy in the marketplace. that stock doing very well indeed. but we saw big gainers across the board. nike doing very well indeed. there were no headlines on that stock. traders down here telling me, i went around as we were coming into the close, everybody telling me we were sold off too much yesterday. one trader telling me, for example, that he couldn't look at amazon at 1600 and not buy. so you're seeing the big tech names leading the way here. not much change between yesterday and today. just sentiment. back to you. melissa: is there a goose in the background or a turkey? connell: live chicken coop. melissa: perfect. connell: gary kaltbaum, kaltbaum capital management where he is president, liz peek,

fox news.com columnist. both are fox news contributors. i was going to have a lead-but i will steal gerri's line and we're all in jay powell's world and we're just living in it. >> the market turned when powell did the 180, the big pivot. guess what he did today? another big pivot from being patient as they have been saying for weeks to basically all but telling us they are going to cut rates not once but more than once and markets just love that. by the way also threw in there, if need be, i'm paraphrasing they will do what they did in '08, which means sear% interest rates and printing of money. markets love it. i expect a good low was put in off of that. connell: maybe so, right, liz, at least a near term low has been put in for stocks. it is a interesting situation. what the federal reserve essentially saying hey, if you

go on with this trade war you might have slower growth but we'll be there to bail you out and cut rates. not sure what that means. >> a fed backstop, that is exactly what investors wanted to hear. there is real indications of some slowing in the economy. the manufacturing, the rate of growth has slowed quite considerably. investment by companies has slowed down. all kinds of things we've been enjoying for last several months began to look like they were in trouble. good news the fed is there. they are watching. they always said they are data driven. there is data indicating they should cut-rate. that is what investors are looking for. melissa: courting younger workers. nation's largest private employer hoping to attract high school student, offering free s.a.t. courses and ceo cutting about the company's efforts today. >> we moved our starting wage

rate up 50% in four years. as an example of us listening to the associates, doing what is best for the business. we're investing in their education. we created 200 academies across the country that help people improve the skills, get ready for what is coming next. we're trying to create an environment that is most conducive to high performance, associates that are engaged, ability to attract and retain talent. melissa: gerri, i love this it tells you so much how tight the labor market is. we heard a short time ago about companies letting people collect half of their wages the next day. they're coming up with creative solutions but this is so brilliant because you get people who care about their s.a.t. score, who are trying to learn more, have higher education, these are going to be better workers. it is so smart for walmart. they get studious, smart people. what do you think is it? >> the greatest job creating machine in history, walmart gets it. it costs more to hire than to retain. if you retain good people, you

keep moving them up the ladder of life and education, all good things happen. about 70 to 75% of all walmart managers started at minimum wage. that tells you everything you node to know about what they're doing. i think they're getting it, doing the right thing. hopefully others follow. melissa: liz, this is why letting business do it so much smarter than government forcing on people. government says give them a higher wage, let them do what they want with it. this is company saying i will spend money on you, i will invest in you, imgetting a better person out of it, because i'm getting a person who cares about these types of perks. it is brilliants yes? >> it is brilliant. unfortunately bernie sanders will try to take credit for that. >> yeah. >> what the companies are doing across the country, companies are providing skills as they said that the skills are not providing. melissa: great point. >> they're taking high school graduates, people out of

community colleges, adding to their education. honestly beginning to fill a deficit that really exists in this country. we need to educate our young people. we're not doing it. melissa: government is failing in that as well. now businesses have to step in on education. stand by, guys. go ahead, connell. connell: we want to get to where action has been overseas. a big dinner going on. the royal treatment if you will. president trump hosting among others prince charles, prime minister theresa may, a number of british dignitaries of the at winfield house the official residence of the u.s. ambassador to the uk, woody johnson these days. a reciprocal dinner, gratitude for the state dinner at buckingham palace. there is look at from moments ago. melissa: looks like fun. connell: it looks like fun. edward lawrence with details on that and everything else that went on. edward? reporter: we're seeing a a president impressing people here. he is has been on script, mostly

following protocol. at the news conference geared up for con ken schuss back and forth with prime minister theresa may. he lavished praise on theresa may. said he helped improve the greatest alliance the world ever seen. the prime minister showed most motion talking about that relationship and importance of a trade deal with the united states. >> this relationship that helps to insure there are jobs that employ people here in the uk and in the night. that underpins our prosperity and our future. that is a relationship we should cherish. it's a relationship we should build on. it is a relationship we should be proud of. reporter: president donald trump says he would like a phenomenal trade deal with the united kingdom. he went on to say there are tremendous opportunities for businesses on both sides, in both countries. then the president turns his sights towards mexico. he said on june 10th the

tariffs will go up. a few minutes later he said this, backtracking somewhat, listen. >> i think it is more likely that the tariffs go on and we'll probably be talking during the time that the tariffs are on and they are going to be paid. if they don't step up and give us security for our nation, look, millions of people are flowing through mexico. that is unacceptable. reporter: he said the word likely there. the the confirming that secretary of state mike pompeo will meet with the mexican foreign minister on wednesday. he is right now, pompeo at the dinner as you saw. the president hosting a dinner with the prime minister as well as prince charles and camilla. back to you. connell: there you go. leads us right into our next story, edward. good stuff from london. melissa: speaker nancy pelosi sitting down with the mexican foreign minister as the country hopes to avoid the president's impending tariff. hillary vaughn live on capitol hill with the latest.

reporter: that meeting on capitol hill wrapped up between the mexican foreign minister and house speaker nancy pelosi he talks about the pending tariffs president trump will put in place if mexico doesn't help stop people flowing across the border. republican allies are questioning a plan to tax mexico into submission to fix the border crisis. senator ted cruz tells fox news, he says trump is playing a game of chicken. hopes mexico blinks first, that companies in the u.s. don't pay the cost for massive tariff hike. mitch mcconnell is saying hopes the mexican delegation here this week will work out a compromise to avoid tariffs going into effect at all. >> well there is not much support in my conference for tariffs, that's for sure. most of us hope that mexican delegation that has come up here and discussed the challenges at

the border and what the mexicans might be able to do help us more than they have will be fruitful. reporter: senator john cornyn telling fox news this afternoon he does not see the usmca getting brought up and passed through congress while there is this ongoing trade fight happening with mexico. so this is throwing a wrench in that. but also democrats are doubting the president's strategy in all of this. >> i have a feeling that this one just popped into his head. it is clear that lots of people in the administration didn't agree. i believe that he will back off when faced with the opposition among business, among his own republicans, and when he see what is a dumb move he has made. reporter: there has been a lot of division as you can see not only with democrat versus republicans but within the republican party how to proceed with this. melissa. melissa: hillary, thank you. connell: we are going to have more on all of this coming up. the latest response or responses

coming up to the president's mexico tariff threat. you heard in hillary's report some of the critics say he doesn't mean it. he is just bluffing. what is really going on? is it another tough coming from the negotiator-in-chief? art laffer on that, former reagan economic advisor is next. melissa: plus the future of airport security. a new move from u.s. officials to insure passenger safety but tech experts are sounding the alarm. connell: taking extreme measures. stay tuned for this, how one ex-navy seal found comfort during his return to civilian life. pretty cool stuff coming up later in the hour. ♪ cookie cutter portfolios. fisher investments tailors portfolios to your goals and needs. some only call when they have something to sell. fisher calls regularly so you stay informed. and while some advisors are happy to earn commissions

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melissa: doubling down or is he? president trump elaborating on his threat to impose tariffs on mexico during a news conference in london earlier today. listen to this. >> this will take effect next week, 5%. we're going to see if we can do something but i think it is more likely that the tariffs go on and we'll probably be talking during the time that the tariffs are on and they are going to be paid. melissa: now breaking news, just came in a few minutes ago. vice president mike pence is expected to meet with the mexican foreign minister at the white house tomorrow. joining us now is art laffer, former reagan economic advisor. let me give a more color from the breaking news we're getting

right now. the mexican foreign minister was asked if he thinks the president is bluffing? he laughed and he said, ask me on friday. but the foreign minister also saying that he is optimistic that the trade dispute is going to be settled. earlier this morning at a press conference he scede that he was, i want to get this perfect, he was confident they are going to make a deal on wednesday. so you have the mexican foreign minister right now at this hour making comments and sounding very optimistic about this trade deal. art, you have the president taking a tough line playing bad cop while he is overseas. now we know the vice president is going to host the foreign minister at the white house, tomorrow, wednesday. give me your thoughts. how do you think this is playing out? >> i think is genius what the president has done. obviously we have used trade measures all over the place to punish countries that we think are doing things badly. we have sanctions on venezuela. we have sanctions on libya.

we have sanctions on russia. we have sanctions on iran. putting a 5% tariff on mexico because they allow illegal immigrant to transgress their whole country to come into this is obvious use of a tariff. it is just exactly if we get the solution without the tariff, it's a win-win for everyone. i think this was a brilliant move on the part of the president. i think it is going to work. i think it has to work. whenever this country, mexico, decides to help us with the i ae immigration problem we'll reduce the tariffs. the president did an amazing job at negotiation. i couldn't believe schumer and pelosi and their comment. melissa: well, you know, they're trying to see the worst in everything, anyone with half a brain can see what is going on here? >> i know. melissa: even mitt romney, who said the president is presenting tariffs as a way to capture their attention. he appears to have done that i think it is going to be resolved between the two party. you know, immediately people and

others who don't understand, sort of what is going on or negotiations or life or have ever bought a house or a car or anything screaming, this is going to be horrible for everybody. it will be horrible for americans. that is in my mind was the point. that it was, you have to do something that is going to get everyone's attention, get everyone focused so that they get to the table and do the work they should have done before. go ahead. >> well that's true, but also the damage done by illegal immigration as far as this administration and congress is concerned is huge and that's a huge damage to the u.s. and what we're trying to do is get mexico to behave civilly, stop it at the guatemalan border, southern border of mexico, not here. they is shouldn't just let people traverse mexico coming here. knowing you full well, watch people on trains, on the roofs, any country has sovereignty to stop that. they should have. melissa: i want to get your take on former vice president

joe biden's $1.7 trillion climate plan, funded by rolling back president trump's corporate tax cuts. a fuel of details we're getting them. 400 billion in clean energy research or innovation. 400 billion taken from everybody out there in the audience, from your paychecks in the form of taxes will give it to businesses like solyndra. the rest of it, talking about goals of you must be carbon neutral. companies must do that. that is just revenue raise. they will fine companies and collect more money into the coffers. to me this plan sounds like a money grab to make government bigger so they can spend more. what are your thoughts? >> i just, i just think biden is finally done his first major faux pas of the if he reverses president's tax cuts of 2017, december, if he does that, he will create a downturn like you haven't seen in a long, long time. he will create a market collapse. he will create a very bad economy that will increase the unemployment rates for all americans, especially the poor,

minorities, is disenfranchised. it will be a catastrophic event if he gets elected. this is his first major faux pas, been so good not buying into other stuff all the way along. he jumps into the water. it makes no sense whatsoever. you wonder where he gets his advice? does he have anyone good working for him? melissa: i hope americans understand, he will roll back the corporate tax cuts that companies got like inanimate objects don't have anything to do with anybody at home. they don't pay wages. he will punish companies. i hope they understand -- >> they will raise taxes on rich. you can't love jobs if you hate job creators. that is jack kemp's old line. it is really important to provide incentives. why the economy has done so well under trump. melissa: they're yelling at me art. >> he will reverse all that prosperity we've created. you know, i just don't understand. he seems like such a level-headed person. now he has gone crazy on this

thing. the it is the worst thing i've heard biden do in ages. >> art laffer, you're the best. connell: i wasn't yelling at you. melissa: people in the booth. connell: voices in your --. bracing for backlash. it could end up haunting both parties in the 2020 race. interesting side stories on all this with james freeman joining from us "the wall street journal." taking on big tech. the house judiciary committee targeting industry leaders over antitrust concerns. why some critics are questioning the timing of the crackdown. we'll talk to congressman ben klein. he is on the house judiciary committee himself. he is coming up next. ♪ eh, it just feels too complicated, you know? well sure, at first, but jj can help you with that. jj, will you break it down for this gentleman? hey, ian. you know, at td ameritrade, we can walk you through your options trades step by step until you're comfortable. i could be up for that. that's taking options trading from wall st. to main st.

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nicely today. we're joined by republican congressman ben klein from the state of virginia, a member of house virginia. congressman, are you all in on this investigation or pushing against it? >> call me a cynic anytime the democrat majority investigates anytime type of business activity i'm a little skeptical. i appreciate we're entering into this in a spirit of bipartisanship. we've finally got off the impeachment hearings in front of empty chairs. connell: how much bipartisanship is this? maybe the companies are concerned about it. maybe if it was one-sided they would be less concerned. the stocks got bounced yesterday but came back on that type of concern. >> anytime government uses its oversight authority to investigate business, you're going to have certain hesitancy on the part of republicans and a little bit more aggression on the part of democrats.

that is probably where we are at this point. connell: fair enough. couple things. let me ask you about timing, number one. a number of people brought this up, many large technology companies appear to be something in akin to a tech war already because of what is going on with china. so is this time to go after them on these antitrust concerns, or do you see those two as completely separate issues and timing doesn't really matter? >> i think, when it comes to the timing, there isn't any kind of hidden agenda. i think there are concerns among the majority and some on the minority about the abusive monopoly power within some of these large tech giants but for those of us who believe in competition, today's monopoly is tomorrow's competitor. a lot of times in the tech, tech markets you have to wait a month or two to see something new. connell: you're right. let me push you on this taking a

position one way or the other. i see you playing both sides but you said you're skeptical. we had guests on. people talked about it a little bit, we're showing facebook now as an example, you could say the same about google, apple all the rest, they earned, as free market folks tell you they earned dominant market position in the marketplace. why are they being punished for that? is that true and will you push back on effort to go antitrust or do you see merit? >> at this point i wouldn't call it punishment, simply congress looking at the state of play in the markets. that is a reasonable oversight hearing. connell: right. >> but if the democrats push too hard, yes, there will be pushback from those of us who believe in the private marketplace. who don't want to socialize or nationalize everything. who are not interested in breaking everything up a la elizabeth warren and aoc. connell: is there a company that stands out, maybe they have crossed a monopolistic line? >> not at this point.

i'm looking forward to hopefully the hearings will bring out some of that market power, where it may have been abused. if there is testimony to that effect. where we go from there. connell: good to see you from washington. congressman klein thanks for coming out. melissa: a race to replace prime minister theresa may. how his comment could impact the fight for the open seat. connell: airports at u.s. expected to use facial-recognition technology in matter of years. some tech experts are warning about, you guessed it, privacy issues. what you need to know about that coming up next. melissa: james holzhauer's "jeopardy" run coming to an end after 32 wins. the professional sports gambler ending history, heading home with more than $2.4 million. he is likely going to have to pay more than a million dollars in taxes. that is the bad news. last night's episode coming in as highest rated in 14 years, according to nielsen.

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>> so i know boris. i like him. i've liked him for a long time. he's, i think he would do a very good job. i think jeremy would do a very good job. i don't know michael but, would he do a good job, jeremy? tell me. [laughter]. connell: president trump having fun on the racereplace theresa

may as prime minister and leader of the conservative party. that is a news conference with mrs. may this morning. number of issues covered, tariffs, mexico, you name it. we're joined by lester munson, from bgr group international where he is the principal. good to see you. focus on the race to be the next prime minister, really conservative party leader, then prime minister. as we watch boris johnson, jeremy hunt was the jeremy. the michael that you heard referredded to on the screen from president trump, watching the british media at least, and some of the odds makers what have you, boris johnson is a clear front-runner, is he not? >> his numbers are the best of 13 or so folks who declared they're interested in the job. he is the most eccentric of all the candidates. british people tend to like eccentric politicians. he was born in new york.

he had american citizenship. he is excellent poet. known to compose limericks on tv, win awards for him. he has a lot going for him. connell: melissa is like that. composes limericks. people don't know that. he is a piece of work, is your point. >> he also has a great haircut. connell: he does. you know, on that point i guess, he has been compared to president trump in some ways, not necessarily the haircut. i think more the politics. but it does bring up a larger serious point, what would his, boris johnson becoming prime minister mean between the relationship between the u.s. and uk? half full glass version if they are aligned, great britain gets out of eu, you have more of a bilateral relationship, you would be closer than ever in the short term, is that a way to read isn't. >> i think you're exactly right. boris johnson is trying to thread a needle here, he wants to demonstrate he can get along

with a president trump but he is not going to be standing right next to him. you notice they're not meeting in person during this trip. connell: right. >> that's on purpose by boris johnson. he knows while trump has a lot of energy behind him he is not terrifically popular in great britain right now. he is being very political. i think very smart about this whole thing. it is important for great britain to be close to the united states and the british people know that, even if they don't like to admit it in public. he is going straight -- connell: to your point, i have a campaign event. made an excuse. sounded like he didn't meet president trump. final point we've done some segments on brexit what that means, how, are people making too much of kind of the moment in history for the uk or is this a dangerous time? as you say boris johnson, your term was he is eccentric. he could be the next prime minister somewhere down the line. if jeremy corbyn could get in, something were to happen, the guy with the socialist belief

system. you have brexit, the odds go up maybe there is a hard brexit, is this a dangerous time for the uk or people saying that making too much of it? >> well it is probably a little bit dangerous. it is probably more interesting than it is dangerous. if it is boris johnson who becomes the next prime minister, he has a couple of advantages as you point out. jeremy corbyn is the alternative. he is not good alternative. he is anti-american and anti-semitic. the british people don't have a unanimous approach to brexit, they are tired of the debate. this has been going on for three years. there is some exhaustion going on here. i think the next prime minister, i hope will have more flexibility than theresa may did. connell: want to get it over with, to move on. lester, interesting analysis. thanks for coming on. melissa: great point. ushering in a new era, the u.s. government warns all of its airports to use facial-recognition technology,

wants them to do it, by 2021 but privacy and tech experts there are issues with vetting and regulatory safeguards. fox news's doug mckelway is live in d.c. doug. reporter: melissa this marked the second house oversight committee's hearing on the government's use of facial-recognition technology. in a rare occurrence republicans and democrat expressed bipartisan concern about the potential for abuse. the committee heard today that the fbi maintain as huge repository of 36.4 million photographs available to federal, state, and local law enforcement agencies to conduct facial recognition. the gao reports that the fbi has limited information on the accuracy of its facial-recognition technology. a watchdog in great britain, big brother watches, said 95% of matches wrongly identified people in the country.

at today's hearing the fbi defended the use of facial recognition says is high accuracy rate after tweet were made of its algorithm. >> it boast ad accuracy rate of 99.21%. reporter: gao said it does not account for use among 221 different states and two other federal agencies that use the fbi's system. >> we recorded that the fbi had not assessed the accuracy of these external systems. as a result they cannot know how accurate these systems are. reporter: most troubling the national institutes of standards in technology found that the accuracy rates for black and female subjects were consistently lower than those of white and male subjects, posing huge conflicts for americans first and fourth amendment rights. committee members say facial-recognition technology is virtually unregulated in this country. they want law enforcement to pull back on it until both laws

and the technology itself are updated. melissa. melissa: hmmm, disturbing. doug, thank you. connell: issues to work out there. we have a story coming up it is about biden, about mcconnell and about china. heightened tensions between beijing bringing new scrutiny of family ties of state-owned enterprises affects both sides of the aisle. james freeman explains more after the break. china criticizing secretary of state mike pompeo. they're not happy with him, following his comments on tianamen square. we're live at the state department with details on that story. ♪ the lexus es...

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bravely stood up in tianamen square to demand their rights. we urge the chinese government to make a full public accounting of those killed or missing to give comfort to the many victims of this dark chapter of history. he also says china's one-party state tolerates no dissent and abuses human rights when ever it serves its interests. he specifically references china's repression of its weaker muslim population especially in the province with surveillance, detention camps and reeducation. the united states and china have had their differences though the response from the chinese government on secretary pompeo's statement is particularly strong. chinese foreign ministry quote, secretary of state mike pompeo made vicious accusations. some people in the u.s. have been lecturing other countries and interfering in their internal affairs under the pretext of democracy and human right, while turning a blind eye to the domestic problems in the u.s. he says china's achievements over its history shows it is on the right path and that the u.s. should mind

its business. china has for decades blocked mentions of the tianamen square massacre in media and now on social media. the associated press reports the chinese government initiated extra checkpoints and street closures in the area. u.s. and chinese governments have differences today of course, whether it is trade or the u.s. campaign to try to convince other countries to stop buying equipment from telecom maker huawei over security concerns. connell? connell: rich edson at the state department for us. melissa? melissa: tensions between washington and beijing are on the rise as you just heard there, some american politicians ties with china and chinese companies are coming under increased scrutiny. here now is james freeman from the "wall street journal" he is also a fox news contributor. thank you so much for joining us. >> good to be here. melissa: you wrote a terrific op-ed you outlined very fairly from both sides, how there are politicians in washington who have new way of having financial ties to foreign governments like china and you compared what was

going on with mitch mcconnell and then also what is going on with hunter biden. tell us about those relationships. >> yeah. we've in recent decades we hoped to have better relationship with china, that it would become more open. we hope democratic, more open to freedom and liberty the rule of law. you saw in that exchange with secretary pompeo, that movement is really not happening in the government of china. so i think now as this trade dispute continues to be on the front page, i think it does create issues for leaders in both parties, given their family ties to state-owned enterprises in china. melissa: you highlight elaine chao, the transportation secretary. she is also married to mitch mcconnell. she has many, many, family business ties to china herself. you know they have siblings involved in businesses and the like. they have donated money back to mitch mcconnell and to his campaign. she has a financial interest there that is, it is probably

too technical for us to explain. >> to be very clear she does not own any part of this company. it is her family. the family are all americans but they do a lot of business with state-owned companies in china, partially funded by state-owned bank. her sister sits on the board of the bank of china. so and the family has contributed to his campaign. so again, in a different time as we, as we believed china was improving in lots of ways i think this may not have been as much concern to voters and maybe it won't be this time around. melissa: it is not unlike the situation that has gone on with the bidens where you have hunter biden, who used to be a lobbiest. to our knowledge he didn't have any investment experience. all of sudden raising more than a billion dollars in private equity fund where he is raising money from china, coinvesting in ways that they don't let other americans do.

other american companies. and he has flown over to make a lot of these pitches on air force two. and what this shows you, it is not just these two families. that the new way we've seen, now that lobbying is kind of a dirty word, people got out of lobbying, you see a lot of relationships where you have one person in a position of political power and the other person, whether it is a spouse, sibling or a parent or a child, who is out there then having very close and, and big financial ties to a foreign government. and in my mind it is modeled after that clinton foundation formula where they had hillary clinton in the state department of as secretary of state, bill clinton out taking direct money from foreign governments, paying him for speeches but, half the money he gets is hers. she is making decisions a secretary of state. in all of these cases you have to show us where we did

something was wrong. show us where we made a decision there was a quid pro quo by email, i will give your child and spouse this money in exchange. you're going to have this influence in the government and do this for us. there is never that paper trail. but do you feel that nonetheless, this is not okay? >> well i do think we should make a little bit after distinction there where the elaine chao's family had a very successful shipping company long before she met mitch mcconnell. so i don't think that their business success is tied to their political standing. >> right. >> clinton foundation, obviously that is a function of their political power using it to raise money and interesting that bill's speaking fees were able to rise in some cases after hillary became secretary of state. similarly, you have that question with the biden family where as you point out, hunter biden, joe's son is a lobbiest for years during the obama

administration. his father is doing business over there. hunter, accompanies him on air force two. his lawyer told "the new york times" that the deal was not discussed on that particular trip but very soon after that trip his firm, which i think most people would not have put the top of private equity firms in the united states, struck a very nice deal in partnership with an entity partially owned by the chinese government. melissa: yeah. interesting stuff. voters will decide. james, thank you. >> thanks. connell: really interesting angle. next up we have another very interesting story, completely different topic. therapy at 15,000 feet. we actually, not melissa and i, but kristina. melissa: i'm not doing that. connell: went along for a ride, kristina did, found a very unique way to stop anxiety, believe it or not.

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veterans have different ways of going about trying to adapt back to civilian life, but this navy seal's method is really a bit unorthodox. we have more for you. >> for most people, therapy sessions happen on a leather couch, for brandon webb, webb spent time in iraq and afghanistan as a navy seal sniper. returning home from the military means coping from post-traumatic stress disorder. to help combat that anxiety, he found an outlet. >> for me flying is very therapeutic. i get a shot of adrenaline, but it is kind of like yoga and meditation because you are forced to concentrate on one thing and you can't think about anything else so it is kind of a mind eraser. >> stunt flying isn't his only escape. he also loves skiing. most recently they took a helicopter to a dangerous region

in the alps. webb is constantly seeking out that next adrenaline high. by managing his ptsd he has also found his return to civilian life easier and utilized his experience to successfully launch several businesses. >> i've been able to take the stuff i love, mix it with my past, military background and create this kind of cool content company that we monetize with commerce. >> one of those start-ups is a mail order subscription service that's navy seal in a box, outdoor survival goods approved by combat veterans >> can i get my therapy session with you? >> of course, i don't charge that much. >> taking to the skies over manhattan, webb didn't disappoint with the adrenaline doing a 360 loop off the coast of manhattan followed by a view of the statue liberty. he knows this therapy may not be for everybody, but he knows it

works for him. >> it is my way of getting into entrepreneurship and flying and aviation and taking what i learned in the military, for me, it's been a positive way to kind of deal with my own transition. >> christina is joining us live in the studio. you used in the line in the piece there that this therapy may not be for everybody. was it for you? >> i loved it. it's not about me. obviously i was very excited. it shows how difficult it is for a lot of veterans to go back to regular life. luckily he found solace in the community of aviation and made a business out of it. i got to tag along and do some flips in the plane which i was really excited about. >> i think one of the things is people kind of assume there's a way to go about relieving stress, but i guess this proves whatever works. >> whatever works for you, exactly. >> good story, though. >> thank you. >> thank christina. i don't know if that would work for us. >> i don't think that would be de-stressing for me. it would be the opposite of that. >> adrenaline pumping and sometimes that makes -- i guess that's why -- if you think about it, that's why people work out;

right? you get the juices flowing a little bit. >> or why when you sit on the couch, you are more tired, that sort of thing, i got it. good theory. very cool story. thank you. that does it for us here. >> it does indeed. we will see you tomorrow. bulls & bears starts right now. david: breaking news and a welcome sight on wall street. stocks having their best day since january 4th with the dow surging a whopping 512 points and all the major averages closing at least 2% higher. this as powell merely hinted that rate cuts could be in order if u.s. trade wars slow our economy. >> i think it is more likely that the tariffs go on and we'll probably be talking during the time that the tariffs are on and they are going to be paid, and if they don't step up and give us security for our nation, look, millions of people are flowing through mexico. that's