visa 170, up more than 2%. it has been that kind of morning. can we hold it into the weekend? not bad at all, the dow up 267 points. our time is up. we've done everything we can. neil cavuto, take it away. neil: i'm sure i will screw it up. thank you. ashley told you we are looking at pretty hefty gains across the board for 28 of the 30 dow components, virtually one of the s&p 50011 sectors we look out. right now the dow and s&p 500 are on the best week of the year, nasdaq the best week in three weeks. the dow has not risen five straight days which is on the verge of right now, since january. we're keeping a close eye on all of that. the prospect of lower interest rates may be sooner rather than later, looks more likely until we get a fairy weak employment report. disappointing gain of 75,000

jobs. i should stress. a gain is a gain. jobs added to the gains we've seen over continuing recovery on the jobs front. this optimism that the federal reserve will see this, seize on this, as another indication that will move sooner, rather than later, as i said to cut interest rates. it is beyond trade. might be something baked into the economy right now. edward lawrence is here to talk about how the fed could respond. jackie deangelis over battle on mexican tariffs. sort of like a two-way street here. edward lawrence on what the fed might be thinking, edward? reporter: within this jobs report, federal reserve is looking average hourly wages and growth of that. it was 3.1% averaging over the past 12 months. that number is coming down slightly from previous indications. this could be indication that the inflation rate is ready to fall again. now the vice chairman of the federal reserve said, if economic policy numbers start to soften agains the fed will look at adjusting their policy. add that to the federal reserve

chairman jerome powell saying in a speech if trade becomes a headwind, adversely affect economic numbers, the fed will act appropriately to help the expansion. vice president mark short, who used to be director of legislative affairs at white house defended the weaker jobs report saying you have to look at the bigger picture? >> we understand that today is one data point but overall, reality economy has added roughly 6 million jobs, he has added 500,000 to the manufacturing sector. unemployment rate at 50-year low, all-time lows for hispanic-americans, african-americans, the economy remains incredibly strong. reporter: you know the economy created 75,000 jobs in may. within that number there are 90,000 private sector jobs that were created. the losses were in the government sector, 15,000 jobs

lost, with 2/3 of those being at the state level in government. this could be an indication of salt deductions trickling down. people moving out of some states. state governments receiving less money therefore contracting. administration blaming part of lower jobs numbers of flooding happening along the mississippi river. they point out the unemployment rate is 3.6%. this economy is still creating 164,000 jobs, an average of 164,000 jobs per month over the past year. neil? neil: thank you very be very much, edward. so this rally continues. as soon as the employment number came out the markets were kind of scratching their collective heads, is this weak or a bad thing? no, it is weak that could be a good thing because the federal reserve jumps in, lower interest rates. what do our brainiacs think of that, market watchers i have great respect. jim lecamp, karen kerrigan.

let me go to first, what the markets are interpreting on this, federal reserve cuts rates sooner rather than later, do you agree with that? >> i do a little bit but i also think the trade issue is weighing on this as well. there is very encouraging news coming out of the mexico and u.s. negotiations. mexico, government officials and the president had been conciliatory as opposed to retaliatory. neil: right. >> i think that is very, very positive news for the markets and, and then, maybe breathe life back into usmca as well which i think is very, very critical obviously from the u.s. economy and therefore, the markets. neil: obviously got sidelined a little bit. we'll discuss the whole mexican thing in just a second. rebecca, i want to get your handle on all groups that benefited from that i'm reminded of the fact normally when federal reserve starts cutting

rates, not all the time but most of time is bad for markets. what does the fed see that we don't see? came ahead of the meltdown little more than a decade ago and multiple period we've seen where we have had cracks in the market, even before '87. i'm wondering whether we are looking at a different environment here or just ignoring that reality? >> yeah, neil, that is a good question. it is ironic we get a weak jobs number and the market goes up. neil: right, right. i think that is what they were toying with earlier on. how should we feel about this? >> right, exactly. this is what is happening is investors are saying all right, this is increasing probability that the fed is actually going to cut interest rates. even june now. i think that is ridiculous. i don't think that will happen. neil: where did that come from? that was prior to this number's release.

maybe built on surprisingly weak adp report. >> yes. neil: which still showed a gain of 27,000 jobs in the private sector. i never heard prior to the "wall street journal" report that it could come as soon as end of this month? >> i know. it's a little bit crazy we would react that quickly, neil, to numbers, we still have seven million open available jobs for qualified people. neil: wow. >> we have almost in some case, people used to call this full employment. we have that many open jobs and not filled. so, yes, i think you're right, i think it did come from the adp report on wednesday, thinking friday numbers would be bad. now that they came out, it is reaction, okay, this will price in a rate cut. i don't know that the fed will react that fast, neil. they can't undo it that fast. i think they will be more measured than as fast as this month or next month. i hope they are. neil: jim, i was talking to someone this morning on the employment report. neil, when push come to shove

better to have jobs increasing than going the other way. we're still in the position last year we've been averaging excess of 150,000 jobs over last three months, 160,000 each and every month so that trend is this economy's friend. what do you make of that? >> you're right, neil. good to see you. 3.6% unemployment rate, you can't expect explosive jobs numbers every month when you have 3.6% unemployment rate. you have employers saying i can't fill the jobs but jobs are there. investors are acting now like they have won a powerball ticket. they're acting like jerome powell said i got your six, i got your back and the reality is he has not said that. if you look at other comments by charles evans, john williams, you have to start tapping the breaks like this. the market is acting like we're already getting cuts. if you look at fed funds

futures, odds for september cut are about 95% f you go out to december, it is about 99%, with the biggest odds being up --/4 percentage point cut. the economy is doing very well. wouldn't surprise me to see no cuts at all. that being said investors have to tap the brakes as a result. that being said the 10-year treasury yield has come down. the market pushed down other interest rates. that should be good for stocks. i think maybe we're getting a little ahead of ourselves here on a notion of rate cuts. neil: you're right about that. karen hit the he had head earlier that what is happening on the trade front particularly with mexico. i want to go to jackie deangelis is following that closely with the ongoing talks f tariffs go into effect that will slow things down, that is the fear. what are you hearing, jackie? reporter: good afternoon, neil.

the latest from the white house negotiations continue after what was a very long week of talks. mark short chief of staff to vp pence was very encouraged because the mexican delegation came to the table, was actually open to some of the things that the u.s. was suggesting. he didn't say specifically but he did say there was a long way to go still. that was the bottom line. legal teams will be talking about this more today. so news certainly can come out of the white house as meetings progress. but president, vice president, yesterday, the press secretary, they all said tariffs will to into effect on monday if mexico does not step up to the plate and agree to some demands that the united states is making. earlier today, the mexican foreign secretary he did stop to talk to reporters. he said that he would circle back when negotiations were through. also kevin hassett, chairman of the economic council of advisors he said this, take a listen. >> the president will be presented a with lot of facts

when he lands this will be something relatively quickly-moving. hopefully the border security issue is the president's top priority is resolved through these measures. that the president agrees they accepted some terms that will work. then the tariffs will go into effect. reporter: that's the bottom line, if they don't the tariffs to into effect, neil. mexican foreign secretary has all but said that mexico will deploy the national guard to the southern border to help enforcement. there is speculation part of the conversation is about asylum issues. those issues could take longer to resolve. the 5% tariffs could go on monday, as this conversation continues, even though the talks over the weekend may not be public per se, certainly the president will be mulling over the issue. neil? neil: one thing i like about kevin hassett, he is always smiling. when he is smiling he might be saying something very dire, but if you were not playing with the sound up, okay, i can relax but that's me. great reporting as usual,

jackie. let's go back to karen kerrigan on this. this is big wild card for you. say tariffs go into effect despite some of the progress, they would be 5% tariffs. might hold off higher ones to come, maybe hold off the highest they could go by october 25%, sort of play that out for our economy. >> well, you know, when you look at it from a business owner perspective even the threat of tariffs there has been reaction from many types of businesses across all industries, right? so they're looking at alternative supply chains, you know, thinking how we might have to do things differently from a operational perspective. when the president, the self-described tariff man, when he is threatened tariffs usually, tariffs usually, you know acts on that. so you know, the tariffs, the threat of tariffs are having an impact on business right now. i think they're planning for more tariffs. they have to do that. given, you know, the history of

the president, where he is gone on this issue. now, i hope that is not the case. if we do have tariffs, 5% increase on monday, this quickly gets resolved. that would be really great for the economy. it is very important that, you know, for usmca, getting momentum behind that, so we get passage, that to me is the most critical part of these negotiations, getting them settled, getting to usmca, that is critically important for our economy, for businesses of all types. that will help growth. and also -- neil: this got in the way of that. i don't mean to cut time short here. >> that's fine. neil: rebecca, is it your sense if this is resolved, if it improves the possibility that we can resolve our differences with china, or that is just a separate issue? >> i mean i think china is its own dragon to be honest but -- neil: i see what you did there. very good.

>> i mean, i actually think that this president, he doesn't cease to amaze me. i think it is very genius of him saying mexico is a conduit which a lot of money is flowing, billions of dollars a year to support illegal immigration. this is a way to have them held accountable. it will get resolved. i think mexico is acting completely different than china. neil: jim, i wonder if these companies that are prepared for this, even when it hasn't come to fruition but they can stack store shelves only so much. they 10 to prepare for a tomorrow, that might be with the latest employment stats, what do you think? >> that absolutely has impact. you look what happened before the chinese tariffs kicked in, a lot of orders jumped the gun on the tariffs. then you had a vacuum after that. you're seeing uncertainty not only still with china but

mexico. this mexico thing came up two fridays ago. neil: you're right. >> or last friday. it is still fresh news. business owners haven't had that much of an opportunity to respond but they are still worried about the chinese tariffs. so it all adds up. i think mexico probably gets solved fairly quickly. i think a lot of wall street is saying, on other hand, let's fight one battle at a time. one front at a time. didn't we learn anything from the lessons of history, of the history of world wars? one battle at a time. so i think wall street would be very welcoming of a deal in mexico, but it won't trump china. china is still going to be very important deal here. neil: thank you very much. final word. we'll still follow the dow up 268 points. the dow and other issues that hit all-time highs, microsoft, mcdonald's, at an all-time high. you're welcome, golden arches. i couldn't do this alone.

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neil: think about it, just a week ago that the china bombshell came, that the president was targeting mexico, i should say, as latest trade war saying that it was going to slap tariffs on the mexicans if they didn't do something and

fast at the border. at their border with latin america, most notably along the guatemala border where we're told the mexicans are promising to send 6,000 troops, mexican national guard among other things they have promised to avoid these tariffs. u.s. border patrol chief is with us. very good to have you. what do you think of the offering that mexicans so far are making? >> well i can tell you that any support that we can get we will take. certainly if they can address the situation at their border with guatemala, that helps us, and prevents the migrants from making a dangerous trip as well. it prevents money getting into the hands of smugglers. >> so how do we prove that, carl? the old reagan thing, trust by verify. we have to see more troops at guatemalan border, right? it is not just mexicans trying

to get here, but all those points further south? >> yes, neil that is correct. we have large numbers of central americans, that is the majority of individuals we have coming across. for me, it is when i see numbers start dropping, when i'm not catching 4200, 5000 people a day crossing our borders illegally. neil: so that would be your measurement, right? just the fact that you're apprehending fewer people? >> certainly. that would be a big measurement for border patrol. neil: meanwhile the surge in migrants at the border, we get a lot of different stories on it, i don't know if that will be addressed here, how quickly it could be addressed here but what is the latest? >> well, just as of this morning, we apprehended over 614,000 people crossing our southwest border illegally. that number is higher than any of the fiscal years for the last decade. we still have four months left in this fiscal year. so these numbers are

unprecedented. neil: what's driving it? >> many factors. one of the biggest is they know that if they bring a child with them, they're going to be released into the united states. we have to have the ability to detain families together through an immigration process. that takes action by congress. neil: all right. that is sort of like waiting for gadot. we haven't seen that yet. i am curious, carla, what do you make of the argument, we need to give more, maybe outside of your area, you have enough to worry about, increased aid to let tin american countries. my only fear of that, given history, it doesn't get into the proper hands, you waste a lot of dough? >> that does happen. we had that from the past but that is just the push factor. the pull factors we can certainly address here and these pull factors are the fact that they are getting released into the country, the family units. that is something we have to address if we want these numbers

to come down. neil: all right. we'll watch. carla provost, u.s. border patrol chief. good seeing you again. >> thank you very much. neil: nasa wants to go to the moon, that you know. longer term strategy, i bet you do not know? chief investment officer of nasa up next to explain. and it really shows. with all that usaa offers why go with anybody else? we know their rates are good, we know that they're always going to take care of us. it was an instant savings and i should have changed a long time ago. it was funny because when we would call another insurance company, hey would say "oh we can't beat usaa" we're the webber family. we're the tenney's we're the hayles, and we're usaa members for life. ♪ get your usaa auto insurance quote today.

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neil: here we go again. nasa is opening a space station and more commercial activities, in other words inviting to you take part in all of this, refocusing on the moon, the next sort of quest, if you will, but didn't we do this moon thing quite a few decades ago? nasa chief financial officer is with me. jeff, great to have you. first off on just regular folks traveling into space where does that stand? >> well, neil, the announcement today which is a game-changer

for space, companies, we're opening the international space station to corporate and marketing ventures like never before, yes, private astronauts to visit the international space station on u.s. vehicles which could happen as early as next year. so this opens up markets, a whole new market for companies as well as drives a lower cost to taxpayers for us getting back to the moon which this administration given us until 2024 to get back to the moon, which we do intend to do, put the next man and first woman on the lunar your fast. neil: individuals going to space, wouldn't pick up the tab, they work through their company. if fox wanted to do this, you know, i could work my way through them to get up there? >> you could. you actually could through this venture, you could go up to space. you could be on the international space station. there is a high dollar cost in the ride that gets through? neil: how much?

the guy that owns this place is billionaire, curiosity, ballpark figure? >> two companies have seats available which are boeing and spacex. we pay $80 million a seat to go to the space station ourself. the cost is coming down to $58 million. for private astronauts, the cost would be less than that. life-support, food, cost to stay there, is $35,000 a night under the current pricing but it does not come with hilton or mariott point. neil: what i could tell my boss, i knocked this down to 58 million from 80 million, daily costs, feeding it, maintaining it, $35,000 a night, which what a lot of nice four seasons costs. maybe not. i digress. let me ask you a little bit about pursuing the moon. i understand it would be a unlatching point for other initiatives going further out but, i thought we would advance

beyond that? and i thought would either target mars. why this, why now? >> so the moon when we did it 50 years ago, coming up on the 50th anniversary of the moon landing. neil: that's right. >> it was flags and footprints. we walked around, collected samples, came back. what we're doing now is enabling a sustainable presence on the lunar surface, what we need. we need to drive innovation and complete technologies that will allow us to have sustained presence on mars. don't forget when we go to mars, you're stuck there 22 months because of the orbit cycles of earth and mars. when we go to mars it has to be sustainably. we have to prove on the moon we could have a sustainable presence there first, to make sure it is a safe venture still. we will in 2030s go to mars sustainable as well. neil: we'll have a lot of company. seems everybody and his uncle is looking to set up shop there. chinese, i even heard the iranians.

the israelis tried. they will try again. russia was looking at doing the same. what's going on? >> we're still only ones to do it successfully. the russians have done it. as far as even landing on mars we're only country to do that successfully. we've done it numerous types. we have the best technologies. we will get there. all this drives innovation here on earth. neil: talking about the moon. we're actually in this latest wave one of the later transhere. for example, china exploring the dark side of the moon, what is the lure? am i missing something from except a launch point? >> they don't have people. they have rovers. we have actually multiple rovers to the lunar service before we go back. getting people there, sustaining life there is a whole different ballgame. that is something we'll be the next ones to do for sure by 2024. the next man and first woman to lunar surface by 2024 is the mission we're on.

what we're doing unveiling corporate partnerships allows us to do it much more effective way for the american taxpayer. neil: interesting stuff. we're getting jazzed all over again. jeff dewitt, nasa chief investment officer, good to see you. >> good to see you, neil. neil: all of you were volunteering me to go into space. very nice of you. i appreciate that. microsoft at an all-time high now. a trillion dollar company again. it is among the issues on the dow hitting an all-time high. mcdonald's is as well. sort of like a bullish footprint here that continues with 28 of dow 30 stocks up. a lot based on idea we'll see out of this world low interest rates again. see what i did there? low interest rates out of this world moon thing? after this.

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show not only because he is really smart but he speaks english. i can understand it. i wanted "barron's" associate publisher jack otter to explain what is going on interest rate front and what about retirees are saying sell my home, rates are low enough for people to scoop up. that isn't necessarily the case. >> speaking english? >> i saw what you did there. >> so what in english is your question? neil: i like that. if you are looking at a lower rate environment the argument it will benefit buyers because they can afford a better mortgage but they need homes to buy. >> exactly. neil: therein lies retirees that might want to sell. >> it benefits sellers, because people don't tend to think about the total sticker price of the house, what monthly payment may be. the monthly payment has gone

down. neil: you were talking about the rather nominal shifts we've seen. >> not dramatically. i should say it this way, if you're thinking of refinancing they probably haven't gone down enough. if you're thinking of buying, yeah, you just saved 100 bucks, maybe 200 bucks a month depending how large of a mortgage you're looking at. it is definitely good news for buyers. what is good news for buyers there seems to be a lot of inventory. every market is local. it is different if you look at san francisco. you threw a brick at television when i said that. in a lot of markets it is a buyers market. neil: a lot of people older in the big homes, they're empty nesters, they're not getting rid of the big homes. they're staying in them for variety of reasons, more convenient, they're not getting money back what they paid for those, what is going on? >> well unfortunately i this people are using the wrong criteria to make these decisions. you totally understand that emotional connection to the home, kids don't want to sell. they want to come back there for

christmas. mom and dad want to hang on. anecdotally i'm at age where a lot of friends parents are thinking about this, i know two kind of parents. one are the ones who surprise the kids, you know what? we're ready to downsize and move on. the others are the unhappy ones desperately trying to sell because they have too much house, can't afford the property taxes, can't walk up the stairs to the bedroom, whatever. so from a planning perspective if you are starting to think it is time to down-size it is. you should put that house on the market. i hope you get a good price. much better that than five, 10 years from now, sitting in a white elephant, market crashed, you can't afford to move. neil: a lot can't afford to stay either. they're burdened by high taxes in states like this one, new york, new jersey, california. and they have no choice. how much is that, is coming into this? >> well, it is funny because we forgot as a result of the financial crisis that housing is

local market. it is unusual that the entire real estate market except for brooklyn and san francisco crashed at once. normally it is market by market. i would say in some markets, i'm familiar with the savannah, georgia market, in certain areas there are tons of inventory. go in there, low ball, buy yourself a house. in other market, it is not that way. it is definitely market specific. retirees, don't think about the market. think about where your life needs to be five or 10 years from now. in most cases put it out there. if you're still healthy, can afford the property taxes, tell the broker, i'm no rush. i want my price. neil: you could wait for a while. >> if you're position to wait, paint the front door, get rid of all the furniture, your colleague gerri willis wrote a great book about that. neil: i want to move without my kids knowing it. >> your dog will be happy. he is getting money.

neil: the dog gets everything. the dog does what i say. >> why are we talking about rate cuts? remember it was greatest economy in the world? but the problem is of course you don't know when the recession will come. that jobs number today -- neil: every time we started this process it has not been good for the markets. when we start cutting. >> so the question is, are we cutting and that hurts markets or are we cutting because somebody has spotted there is something down the road that's ugly? i think that is what the bond market is telling us. neil: the latter what people take ahold of. >> i think bond market is sending a warning. the joke is the stock market has high school diploma. the bond market has a phd i think that is true. the 10-year is going down says that the bond market sees clouds on the horizon. neil: i think when we do the stock market's bidding for whatever, i learned enough it can be risky. >> exactly. neil: thank you my friend. good catching up with you. jack otter of "barron's."

everybody forgets farmers but thank god for jeff flock, what is going on with mexico, you add floods to it, he has never ever forgotten about the folks who feed us, take care of us, right now getting hosed by us in the ongoing trade battles. now mother nature is wreaking havoc. jeff flock, from a farm in illinois. hey, jeff. reporter: my dad grew up on a farm, neil, in new jersey, actually. his father was a potato farmer. that is where it all ended. matt is very different. he comes from a long line of farmers. i was talking to your dad. >> i'm a fourth generation farmer. we date back to, long, long time ago here. hopefully will have fifth generation coming up. neil: reporter: has he or you ever seen it, by the way, neil, we're on a tractor and have another camera you maybe see us on and you also see fields that are way behind. you know, we talk about the tariffs.

it is as big or even worse, hardship on farmers because of the wet weather. have you ever seen anything like this, combination of tariff concerns, trade concerns, and weather? >> nothing like this combinationwise. this weather alone, we have had years similar to this but nowhere near to this extent. reporter: to put it in perspective for you neil, normally they would be percentage planted almost 100% planted. currently they're at about 45%. in ohio it is a third has been planted. in indiana, it is even worse. only 31% of the corn planted. now, why is that a problem? you don't get it in the ground in time, you can't get it grown and harvested. >> correct. if we can't get it in the ground in timely manner, our potential yields keep going down as every day passes. we get closer and closer to frost in the fall, which means it could be a real mess. >> reporter: it's a beautiful day on the farm as maybe you see

from multiple cameras. you look perhaps at the planting mechanism. amazing how they plant technologically now. look at pictures we compiled on twitter from farmers all around the midwest. this is a corn belt. rain day after day after day just pouring down. people have been posting it on twitter to say, i can't believe this. >> normally we get three, four, five, maybe six-day window to plant. this year every time we turn around we get a rain every two or three days. we need that long of a period to get the ground to dry out so we can get in the field. it hasn't happened. reporter: leave you with one more statistics, neal, typically already in the ground. normal year, 90% of corn would come out of the ground. they call it emerging. you might call it a sprout. this year in illinois 32% only. you haven't got it in the ground, you can't sprout if you

haven't planted it. >> we're planting corn, normally looking at corne high or a little bit under. reporter: old days, knee high by 4th of july. you have to be higher than that. but hadn't even planted it. there you go, neil. neil: jeff, give my best to matt as well. we're following development and impact on the trade front in the next hour. want to keep you abreast run-up in the stock market. beyond meat, remember when that came public on may 1st, i believe around 25 bucks a share. it is $134.50 a share. we'll chew the fat on that. again do you see what i -- this is all basic cable. you're welcome. mutual customized my ell yy car insurance so i only pay for what i need. oh no, no, no, no, no, no, no... only pay for what you need. liberty. liberty. liberty. liberty. ♪

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neil: the golden state warriors investor who get as one-year ban, half a million dollar fine for shoving a raptors player. more on this story that won't go away. claudia? reporter: really won't, neil. good morning to you. this happened during game 3 here in oakland. two days later there is talk of little else. take another look what happened during the fourth quarter again wednesday night when raptors

point guard kyle lowery was trying to save the ball from going out of bounds. he fell into courtside seats. mark stevens intentionally shoved his holder. he is word $2 billion, and a minority owner of the golden state warriors. he said steven cursed at him, should get the boot. >> blocked by ibaka. >> what i think, what i feel, a guy like that shouldn't be a part of our league, being honest with you. reporter: the warriors ejected stevens from the game, pull his vip pass. said his behavior didn't not reflect high standards we hope to exemplify as an organization. we're extremely disappointed in his actions. punishment got a whole lot more severe, they slapped stevens with half million dollar fine, an banned him from all nba activities for a year. embarrassed stevens issued an

apology. what i did was wrong, no excuse for it. i made a mistake, and am truly sorry. he reached out to lowery to apologize personally to him. that may not be the end of it. multiple sources are reporting that the warriors may force stevens to sell his shares of the team. meantime, neil, players are trying to put the distraction behind him, as they prepare for a critical game 4 here at oracle arena tonight. toronto raptors leading series 2-1. the warriors are hoping to tie things up, leaving all of the drama on the court. back to you. neil: claudia, thank you very much. my staff alerted me. this involves basketball. >> when was last time you played basketball. neil: i had court side seats to couple knicks games. that is scary. >> i hate belligerent fans. i go to games every now and then. i almost got attacked at a yankee game because i didn't properly cheer for the yankees.

neil: i could see that happening. >> by some moronic kid from greenwich, connecticut, had to remind him i was born about 40 blocks north of the stadium. neil: probably a cnbc viewer. >> no. i almost got belligerent on him. neil: that is worthy of an alert. let me ask you a little bit what is happening not of basketball but joe biden. he is whipsawing on a couple issues. >> hyde amendment today. supported. now -- neil: meant to stop federal funding for most abortions. >> yes. neil: now he regrets that vote. what is happening with the money front? >> his campaign, these are people close to him, a lot of these guys are wall street people, i know them pretty well, his campaign, they think they're doing it perfectly. they are staying out of the fray. they are maintaining their pretty wide lead among whacked up 20 ways. they're up 30%. neil: right. >> he is not really saying

anything crazy. they have got him under control. very controlled event and fund-raisers. and behind the scenes they believe that they're putting together a sort of apparatus that is going to be hard to beat. a lot of the apparatus involves money guys that will step up to the plate. and also advisors and one of the advisors i heard, which surprised me, quite frankly, makes sense given the generational connection and all, is dick gephardt, former house majority leader. neil: ran for president himself. >> ran for president. leading democrat for many years. he has been out of politics in lobbying. very close ties to corporate america, to wall street. gephardt is, described to me both as his, one of his main, his families real unofficial advisors is his wife. neil: didn't they run for president in the same year in '88? >> i believe they did. the unofficial visor behind the

scenes. he could give him access both to the corporate money, he knows, gephardt run as big lobbying firm. he is still plugged into the democratic party. tell you this, say what you want, i know i will get, a lot of our viewers will go nuts on this, republican wall street guys are kind of like biden. you know, these are guys that believe, and women, that trump is way too radical, particularly on trade. they can't stand his twitter feed and his -- neil: who is this crowd? >> like big corporate america -- neil: i see. >> suburban -- neil: base of the party kind of agrees with the president. >> everything. but this is, these people are important. why? if you think how republicans lost the last, the house? it was literally suburban women who fall into this category. i will tell you, they're starting to warm up to biden. the problem that biden has i believe is that if he goes too far to the left in the primary,

that could cost him these votes. if he doesn't, i've been told by people inside of his campaign, he won't. he is what he is. neil: the left is chewing him out on flip-flopping stuff. he can't win love for money? >> still has 34% matches up with trump in the midwest really well. neil: still early. switch gears to michael bloomberg. he has a lot of money, in excess of $20 billion. half a billion to close all coal plant in the u.s. >> you know, this is, i think this is like a real threat in this sense. bloomberg has more than 20 billion. he has like 40. neil: is that right? >> i keep hearing he never denied it, always been bouncing around that he has 20 billion in like cash. neil: wow. >> in treasury bills. if he wants to get behind an effort, throw big bucks against it, he can. you know, what i don't understand is, he is a logical, you know, moderate democrat now. he ran as a republican, an

independent -- neil: running city, he was very big environmentalist. very big to address climate changes issues, whether you agree or disagree with him. what do you think is going on here. >> he is indulging this part, what i don't like, putting people out of work. the left don't understand, they don't care -- neil: call has gotten cleaner. >> coal is cleaner. people still work in the industries. neil: some of that money earmarked, no pun intended for other things to help the folks out? >> i would guess. bloomberg is not like you heartless and cruel. neil: incredible. you have anger issues. >> people don't want to debate me on air because of this. neil: no, they don't like you. >> they feel the same. neil: they feel that way with the sound down. >> just my face makes them angry. neil: you have been at games on courtside? i find it scary. >> i can't stand unruly fans. see them at football and baseball games. neil: courtside, i didn't know what was going on. i thought they give you a

folding chair. this is weird. >> they attack players and scream at them. neil: the players, they're doing what they should be doing, playing. invariably -- >> this have been instances where basketball players and hockey players have gone into the stand, i don't know why people mess with these guys. they're -- neil: very stupid. >> very dumb. neil: i was next to whoopie. >> almost as dumb messing with me. neil: bad move there. that was me. i was doing that. charlie, always a blast. thank you. >> thank you. neil: he is not -- >> thank you, mr. neil. neil: we have lot more coming up, including the president declaring a national emergency to levy tariffs on mexico. how far will that go? atest phon. $4.95. no matter what you trade, at fidelity it's just $4.95 per online u.s. equity trade. no mattthe ♪exus es...de, at fidelity

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neil: all right. we are certainly having a heck of a week here. the dow is advancing about 321 points and all this because the economy is slowing down. i know that might seem like a little bit of an oxymoron but that's what we've got. much weaker than expected jobs report still showed gains with 75,000 of them. that slowed the momentum a little bit. the unemployment rate is still very low, 3.6%, but the trend we are hearing from economists, especially with prior months revised a little downward, is not the economy's friend so the expectation is the federal reserve will come to the rescue, shore things up, maybe cut interest rates. that's why a ten-year treasury note is dropping in yield as its price goes up. this is one of those rare instances where stocks do well,

bonds do well. lauren simonetti here to break it all down. lauren: the headline number, that 75,000 jobs added last month, that was less than half the expectation, then if you look at jobs that were created in march and april together, that was revised downward so in that sense, this was disappointing. you mentioned wage growth. we saw 3.1% year over year increase so workers are now making an average of $27.83 an hour but that growth isn't accelerating the way some hoped it would in a tight job market. the unemployment rate has dropped to a nearly 50-year low. two big concerns coming out of this report. the consumer might be pulling back. if you look at where the jobs are being created, here you go. services, health care, manufacturing. take a look at retail. employment there dropping by 7600 workers as more stores

close, and more consumers may start to hold on to their wallets. i want to put that 7600 decline in perspective, though, because i spoke to the national retail federation. that only includes the numbers in the stores so it doesn't include, for instance, the ceo who works in the office. it could also be impacted by the weather, may flooding, tornadoes, you know the deal. but if you have this overall slowdown coupled with trade tensions, we could trigger a broader economic slowdown and that could compel the federal reserve to cut interest rates. also keep in mind, this data was collected before president trump threatened tariffs on mexican imports. those are set to take effect on monday. wall street is starting to move in the camp that a rate cut comes not long after that. neil: thank you very, very much. lauren simonetti. whatever you make of this, whether it's justified or not, the dow is on pace to stop its longest losing streak in about eight years. stan mitchell with us along with

paul dietrick on if a fed cut is enough to keep the rally going. certainly for today, it is. one thing that kind of amazes me, paul, are we sure we are rallying on the right thing? in other words, if the fed is cutting rates or is about to, that addresses bigger issues like a slowdown and should that at least give some pause here? what do you think? >> historically if you look back at when the fed was raising rates and then made a sharp reversal and took them down again, which we saw in '95, '96 and 1998, it extended the economic expansion. so there's ample historical evidence here that this is a good move by the fed. the fed has two objectives. one is to keep employment high and we've got full employment right now. and the second objective is to

stop inflation. we really don't have any inflation. so this is, i think this is a perfectly good move. neil: you know, maybe i'm a needless worrywart but normally when i see the fed even talking about this sort of thing, it provides enough caution that we don't get what we're getting now. maybe it's different now. i have heard that again and again. what do you make of all this? >> put me in the worrywart column as well. i don't think that you solve underlying structural problems in the economy with artificially low interest rates. i worry that there might be a bit of a bubble already in the economy and i think simply pumping more money into the system is not the right solution. neil: you know the contrary argument to that, sorry to jump on you there, my friend, but they wouldn't be artificially low, they would be justified. you don't buy that, right? >> i don't buy that. at least let me put it this way. i would much rather deal with the underlying issues that

structurally threaten the economy, such as the fact we have too much regulation, the fact that obama -- trump is threatening all sorts of tax increases on trade. those are the things that i think we should deal with, not simply just hope and pray that the fed bails us out with more easy money. neil: for those trying to play this market now, it's sort of like a schizophrenic read. i know this week is one thing, last week quite another thing. which is real? >> well, i think we've got to watch this play out. i mean, if we see a trade deal with mexico and the united states in the next month or so, we are going to be just fine. i think the fed, if it cuts rates, it cut rates once this year, if we get a trade deal. if we don't, and it goes on, then i think we could see two rate cuts in 2019. i think the stock market will boom because i think all of the

concern over the cost to the consumer of these tariffs is overblown. i mean, we just watched mexico's peso drop significantly against the u.s. dollar because of their bond rating has gone down and because of this trade deal. that's going to offset at least the next two months of two 5% tariff increases and i think it will be settled before that point. we haven't seen any real raises in prices because of the 10% tariffs on china because china manipulated its currency and dropped it by about 10%. neil: you would see it, real quickly, you would see it at 25%. you can only absorb so much, right? >> yes. that's correct. neil: what do you think of that? >> i think we need to keep in mind that easy money doesn't just show up in higher consumer prices like we saw in the 1970s. sometimes easy money policies show up in asset bubbles like we had with the dot-com bubble in

the late 1990s and like we had leading up to the housing bubble in 2008. so we need to be careful about relying on the fed to somehow bail us out of bad policies because that creates its own set of problems. neil: well put. >> i don't see any asset bubbles. where are the asset bubbles? >> nobody saw them in 2007 either. i hope i'm wrong. i'm simply pointing out easy money is not the route to prosperity. sound structural good policy, low taxes, small government, deregulation and open trade, that's what we should be doing. neil: the bond market is showing there's a bubble there. you don't buy that, right? >> no. i mean, i don't know anyone who didn't see the mortgage crisis in the last one or the dot-com bubbles. go back to the "wall street journal." they were talking about it every day. >> everyone has great hindsight. we would all be billionaires if we knew when these things would

happen. neil: i want to thank you both very, very much. one of the things we try to do here at fox business, these two gentlemen illustrated that beautifully, we try to give you the bull and the bear argument. the optimistic, maybe not so optimistic point. some of you might say oh, yeah, you'll do the never trumper thing or the always trumper thing. it's not about policy. it's just trying to give you balanced views. if you like what you are seeing or you don't, the pros or cons of what you're seeing so you can decide for yourselves. it's not bubble vision or all one way versus another. you get both sides all the time. we will stick to that. i promise. meanwhile, the white house is set to impose tariffs on mexico no matter what's happening with the talks as they stand now. they would go into effect monday. there is the possibility the president could shift things, postpone, maybe cancel that over the weekend. no way of knowing. a reporter on where things stand right now. steph, what do you have? reporter: well, we know that mexico and the u.s. are talking about ways that mexico can up

their immigration enforcement in order to appease the president and potentially stop these tariffs from taking place on monday. these negotiations are reportedly including changing out the way the asylum process works. migrants might be forced to stay and apply for asylum in the first country they enter outside of their home country. for example, guatemalans would have to apply in mexico instead of going to the u.s. el salvadorians and hondurans would also have to apply in guatemala, the first country they would reach as they move towards the u.s. these are still discussions at this point. we don't even know if the president would get on board with a policy like this. but we do know that mexico has been responding to the threat of tariffs and say they would send their own national guard to the border with guatemala in order to ramp up immigration enforcement there. neil: you know, i don't want to be jaded but has there been any sentiment building that this sort of surprise that was

unleashed last week was meant to detract from what the soon to be souring talks with china and if you make quick and rapid progress here which we apparently counted on, i'm told, it looks like a big victory ahead of still waiting for what would be a much more crucial victory with china. >> you know, obviously the deals with china are a big issue but we also know that the president cares a lot about the border. he cares a lot about immigration. he spent a lot of time promising his base that he's going to crack down on immigration. when you look at the numbers at the border, there really is a crisis there. we are seeing government agencies struggle to deal with the high numbers of immigrants that are crossing. just last month there were over 144,000 border crossings. it was the highest number of border crossings in single month in 13 years. so i think while of course, there's the element of distraction and this is certainly a surprise to many

people i spoke to on the hill and others who weren't expecting this announcement to come, i -- neil: republicans have said you know, addressing a border deal with trade opens up a real can of worms, right? >> exactly. for that reason, i have spoken to people on the hill who said we weren't expecting this to come, why are we trying to get into a trade war with mexico while we have china trade issues ongoing still. is this really the right way to go about solving the border crisis. there was certainly some pushback and surprise when this announcement came last week. neil: we will watch closely. great seeing you again, stef. >> great to see you. neil: here is how quickly things have deteriorated. the speaker of the house is saying the president should be locked up. the president calling her nasty. forget about the whole bipartisan thing. it's safe to say that isn't happening. but if this keeps happening, something else won't happen. a debt ceiling agreement which

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beard. anyway, he is relaying all these little subsets to what's going on. the dow and s&p having their best week of the year. now we have the nasdaq added to that. we've got the dow hasn't risen for five straight days, since january, run with that, although you will, the s&p has blasted over 60-day moving average. for a lot of technicians that's an important development if it continues. we got a number of issues within the dow itself that are all-time highs, including mcdonald's and microsoft, now back as a trillion, that is microsoft, dollar company here. right now leader of the roost and the bragging rights there. a lot of this, of course, on the back of an employment report that disappointed. it seems odd to pounce on that but you know how this goes. it's weaker than expected, fuels talk of maybe a rate cut. it was not originally greeted that way when it came in with a 75,000 job gain. some interpreted the sign things are really slowing down, but they left their half full glass

to come out saying that is going to have to lead to a rate cut. even before the number came out the "wall street journal" had a story today maybe by the end of june we could see it. i don't know how likely that is even with this report. it's all out there. there you go. meanwhile, auto makers are keeping a close eye, warning the president his plan to roll back pollution standards would actually work against them. sounds counterintuitive. susan li is here. what does that mean? susan: it means this is a problem of their own making because when president trump was elected, they basically lobbied the white house administration to roll back some of those stricter obama era emissions standards, right. so basically, what president trump has been trying to do, during the obama era they wanted 54 1/2 miles per gallon. president trump wants to keep that at 37 miles per gallon. you see the state of california can enact their own rules under the 1970 clean act rule and california wants to improve emissions standards so the car makers are having these headaches thinking okay, we will

have a bifurcated market because we have to adhere to what california wants, meantime, here's what the rest of the nation, their rules for emissions standards. neil: doesn't the national rule supersede? susan: no. the 1970 clean air act, basically the states can make up their own -- neil: does it make this tougher? susan: much tougher. much tougher. they will go with the obama standard, 54 1/2 miles per gallon with gavin newsom. auto makers say it will cut into profitability, results in instability and may result in job losses and what about car prices? you can't even move across state lines because there's different rules for emissions standards. in this case, if we keep going this path, trying to roll back tougher emissions standards and also, what about pricing. do you cut gas guzzlers in one state, increase the price of electric cars in another state. it causes a lot of headaches. neil: why can't someone in california hop over to nevada to buy your car. when you bring it to california does it have to have those

standards? susan: that's right. are you going by 37 miles per gallon or 54 1/2? it's interesting these car makers, 17 of them signing this letter to present trump, including general motors and ford. i find it interesting chrysler was not part of it. toyota, volvo, the rest of the car makers were on board as well. neil: why wasn't -- susan: i don't know. they were probably in the midst of something more important. merger discussions, maybe. something like that. neil: susan, thank you very much. good seeing you. susan: einstein did have facial hair. he had a beard. neil: brady and einstein, you don't see their two pictures together. thank you very, very much. we do have a tweet from the president on these ongoing trade talks, but a chance we will reach an immigration deal with mexico looks good, quoting, if we are able to make a deal with mexico there's a good chance we will try, they will begin purchasing farm and agricultural products at very high levels starting immediately. if we are unable to make the

deal, mexico will begin paying tariffs at the 5% level on monday. again, no deal yet but the president intimating it's possible. anything is possible. i could lose weight. possible. meanwhile, the great american alliance, former obama for america spokesman zach friend with us. let me get your take on the president's optimism that a deal could be had and it looks like one is to be had, that he might postpone if not nix the tariffs that were to go into effect monday. what do you think? >> look, i think his instincts are to follow through with his campaign promises to better our relationship with mexico but also in terms of making sure we are secure at the border. i think some of these tariffs may have been a threat to mexico to say hey, you need to help us solve the problem because congress, you know, again, our own house will not help solve this problem.

he ran on it and now he's delivering. i think it's interesting sort of right on point here. i expect there a deal to be done and i expect there to be a lot of success coming from it. neil: if that's the case, obviously we would have to verify a lot of things the mexicans are promising to do, including these additional troops they want to send to their southern border, notably with guatemala, where i guess that's the real access point there. i think they are talking about at least 6,000 troops. what do you think? >> well, i would like to be optimistic about this but i feel like we have been kind of seeing this play out for quite some time, where it hasn't really played out that way. i will also say he received a lot of pushback from his own party on the tariff proposal. it's a significant tax, especially on the industrial midwestern states who will decide the 2020 election. hopefully those will come off the table. i got to say that i sit here in california, we would love to see a broader immigration deal done. i know the house just passed something that maybe could become a framework for the president to use. you know, it's getting some sort of international deal like that done in an election year is a

very difficult ask. neil: in a very nasty election year, this is the latest proof. the president blasting speaker nancy pelosi after she blasted him. take a listen. >> i think she's a disgrace. i actually don't think she's a talented person. i've tried to be nice to her because i would have liked to have gotten some deals done. she's incapable of doing deals. she's a nasty, vindictive, horrible person. neil: so he didn't leave you wondering how he felt about her. this was in response to her telling a democratic crowd he should be locked up, he should be in jail. obviously we can go back and forth on this forever, eric, but it does seem to indicate that anyone with hopes that anything is going to get done in washington, just not happening. what do you think? >> well, there's two things going on here. number one, president trump will exploit your weaknesses. if you look at your counterparts on another network, even they are criticizing pelosi for these comments, referring to them as

pakistani type comments, what they do in their government. i think she made a strategic blunder here and donald trump is going to exploit that. from a policy point of view, again, the president is going to use all the tools at his disposal. if he's not able to work with congress, he's going to do things like he's doing with this mexican tariff where he's going to try to, you know, put pressure where it needs to be put so that he can get a deal done to better american lives. so i think he's playing this pretty smart and i think we'll see what pelosi a lot of backtracking. neil: i don't know about that. there might be as you guys say, a method to the madness or it could be just madness, i don't know. but it is confusing, folks. maybe the markets are a good barometer of that. up on the notion of maybe interest rates come down, to have the president's back in case this trade thing gets out of whack. but they were down last week just on the surprise of the developments targeting mexico out of nowhere. where do you think all of this goes, zach? >> my hope is -- first, i don't

think this changes anybody's mind. republicans have been using speaker pelosi as their villain for many years. they tried unsuccessfully in the midterms in 2018. the one thing that unites democrats is everybody seems against the president. i don't see that helping the discourse and i also think it adds to the gridlock in washington. my hope is -- neil: you think her comments, though, don't help the discourse either? >> oh, i'm 100% with you on that. i don't see the value in any of this. the one thing this does is continue to turn people against government in general. right now, what i think we do need, i think there is still a shot and i want to be an optimist, some sort of domestic priority like infrastructure that actually benefits both parties. i almost feel like there's competing interests, that you get a victory when you score a victory from the other side which is to say you prevent them from doing something, as much as actually having legislative accomplishment, and that's pretty unfortunate right now. neil: all right, gentlemen, thank you very, very much. if wall street is worried about this, so far there's a funny way of showing it. the dow up 272 points. 27 of the dow 30 stocks marching forward today. we will see how we end up but it's certainly looking like an

up week. unless something turns south. meanwhile, something that would have rattled the markets on any other day just sort of got a shrugged shoulder response. the u.s. and russian ships coming within 165 feet of one another. what happened? and why? after this.

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neil: this is incredible. i don't know if you heard about this. u.s. officials are calling russian maneuvers unsafe. both nations are blaming the other for two military vessels coming within feet of colliding. some say as close as 50 feet, others 165 feet. it was close enough where you could see everybody's facial features. it was that disturbing. retired four-star navy admiral says russia and china are actually aiming to supplant u.s. dominance and this kind of getting in your face is part and parcel of that. admiral, very good to have you. >> hey, neil. how are you? neil: maybe you could explain,

sir, how it's possible that the two ships get that close to each other in the first place. i mean, they can't move all that fast, you got to know what's coming. so what happened? >> obviously, the ship, the russian ship in this case, based on the video, i took a look at it earlier today, it's pretty clear that the russian ship was sliding across and coming very close to the u.s. ship, which i understand at the time was actually on a steady course to recover a helicopter, which is standard procedure. this sounds to me like it's just back to a replay of the things that went on during the cold war, in which there were many incidents both in ships and aircraft of one ship or another basically playing chicken with the other, and it got to the point where there were quite a number of bumps, minor collisions and fairly dangerous evolutions. in fact, there were several people killed over the years in these kind of things. eventually it came -- was

brought to a halt by an agreement which happens to be still in place. it's called incidents at sea, signed by the old soviets and by the u.s., the russian federation when they took over after the collapse of the soviet empire continued this agreement so i'm not sure where we are with it now. they used to meet every other year and it seems to me it's probably time for another sit-down and review of what's going on here, because this behavior's dangerous and sooner or later, somebody's going to make a mistake and people are going to get hurt. neil: were those international waters? >> my understanding is it was well out into the philippine sea, northeast of the philippines. not even close to russia or the u.s. neil: the only reason i bring it up is when the north koreans seized the "uss pueblo" they claimed it was their waters, we claimed it weren't, they held those guys for the better part

of a year. it was a humiliating and unnecessary incident. i'm thinking of what else is going on in the south china sea as the chinese militarize all these islands. i'm beginning to wonder what the heck is happening. >> well, again, this is russia and the u.s., a demonstration of what's been going on lately where the russians are trying to appear to be a world power as they used to be, and they use these incidents and the fact that the publicity that goes with them makes it appear as if they are back in their great power status again. it's not the case, but instigating these kinds of things, of course, attracts a lot of media attention and portrays them as big and bad and at the end of the day, it's not very smart and again, sooner or later, people get hurt and what happens here is that it's not too difficult for individual captains, particularly of these ships, or pilots in charge of

the airplanes, they think they can do something that's pretty clever, pretty neat, pass close aboard, and they make a mistake and next thing you know we have a problem. neil: we have an international incident. thank you very much. good seeing you again. >> you bet. neil: we told you the president has been tweeting about how optimistic he is that the u.s. will reach an immigration deal with mexico. he's also saying that he's apparently more confident that he can deal with them than he can with democrats, saying they are incapable, democrats, of doing good and sold immigration bill. if he feels it's not going to happen with democrats, maybe he has a better chance with the mexicans. looked at chart patterns. i've even built my own historic trading model. and you're still not sure if you want to make the trade? exactly. sounds like a case of analysis paralysis. is there a cure? td ameritrade's trade desk. they can help gut check your strategies and answer all your toughest questions. sounds perfect.

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neil: of late, these ipos that come out of the gate do pretty well. online fashion retailer revolve surging in its debut. gerri willis has more. gerri: that's right. the ipo machine as you say,

keeps the online millenial fashion retailer revolve, priced at $16 to $18 last night. the stock opened at $25.16, is now trading at over $32 a share. some ipos, notably uber, have had less than dazzling reviews but revolve brought something to the table many tech ipos don't have, profits. the company has gross margins of 48.5%. how do they bring so much of that money to the bottom line? their costs are very low. the company has very low marketing costs. they have an instagram following of 5.5 million people. they are using social media and technology to expand their customer base and shorten lead times on getting popular items into their hands. the company sources much of its product from china at a time tariffs threaten to upend the import business. listen. >> at the end of the day the consumer may have to bear some of that increase.

gerri: how big of an increase could they see and where would you diversify to? >> it would be a moderate increase, if anything. if we choose to pass that along. we do have very high margins so there is room to absorb a hit as well. gerri: 5% to 10%? >> less than that. gerri: the company saying they source a lot of their product out of china and are trying to diversify the sources of that product to south america, other parts of asia. at the end of the day, their margins are such that they think they can raise prices somewhere less than 5% to 10% to make the difference up if they have to. bottom line, revolve's secret sauce isn't about setting fashion trends but helping customers find their own. neil? neil: it is interesting they can absorb a good chunk of those tariff increases, just not all of them. that is interesting. gerri, thank you very, very much. you know, how about paying $16, $17 a month for a streaming service? some say the market is already

too saturated, that might not be too well received. i guess join the crowd, right? >> yeah, absolutely. there are tons of places you could spend your money each month. netflix and amazon and hulu, you name it. the idea that at & t is going to jump into this market and with the highest cost streaming service currently available is kind of outrageous. neil: you know what's happening, too, you were first to report that eventually people are going to realize in this cutting the cord momentum that was becoming like, you know, an obsession, the idea was originally save money, save a lot of money, but if you get all of these various services, netflix, hulu, amazon, on and on, they are going to end up being as much, if not more than what you are paying before. >> you're right although i actually do prefer this, because at least here you are making choices. if i say hey, i don't like what hulu has, for example, i just don't need to subscribe to them, whereas with a cable bundle, you are kind of stuck with whatever they're going to give you. neil: some of them give you

enough that i see your point, you've got your selection, but it seems a lot of people like to pick and choose among, you know, i like some of the things netflix has, i like hulu, too. before you know it, you are paying a lot of money. is that hurting any of them yet or no? >> hurting these companies, you mean? neil: yeah. >> no, i think they're doing all right. i don't think it's in a place where it is so saturated that people are struggling to decide. i think once disney gets in the market, if at & t gets into the market, it will start to get really interesting where maybe people are going to unsubscribe to netflix and they want to go to disney instead. that's where you have to worry. again, we are still a few months off from that. even then, i think the entrenched subscriber base of netflix is pretty well safe for the next few years. neil: all right. meanwhile, a lot of these guys are looking over their shoulder at the government, our government, in various ways going after the big tech guys that have gotten apparently too big. a variety of other things going on here, privacy issues, you know, whether they are fair and

balanced in their reporting and collection and collating of news. whatever it is, you know, the wagons are circling. where is this going? >> yeah, absolutely. i do think some of these companies like facebook springs to mind are getting into a situation where there might need to be somewhat of a split because antitrust concerns and all that. granted, a lot of their technology, things like instagram, which facebook owns, started out as an independent company. the idea that would again split off into something separate is not that much of a shift, certainly on the consumer side. you wouldn't like lose instagram, but from facebook's point of view obviously they wouldn't want to see that. they would rather have full complete control. neil: do you worry investors are not appreciating, i know you are not an analyst, but -- >> i don't think we are quite there yet. i would say a year if not more away from a situation where these companies will have to get busted up. i do agree that if it came to

that, that would be a major concern for investors. neil: the government -- >> someone has to do it, right? neil: someone has to do it. sometimes when they do they can make things worse. russ, good seeing you. have a good weekend. we have the markets still soaring. a lot of this on the idea that rates are coming down, which first precipitated optimism a mexican deal could be had and the federal reserve would have the president's back if things hit the fan. then separately, we got this weaker than expected, still a pretty good employment report that might grease the skids for a rate cut sooner than later. analyst mark hamrich on whether we are getting ahead of ourselves. >> the fed is not ready to cut rates yet or they would have done it this morning. i think this is a would-be evolutionary process that suggests we are making progress. my fingers are crossed on that.

let's think about where we were last december, right. in december, that fomc news conference, chairman powell and his colleagues signaled we would be in store for several rate hikes this year and here we are having gone from none to perhaps a rate cut and we know what investors are betting on. but you know, if you look at the beige book survey we got recently which, for those who don't follow this quite so closely, is basically a collection of data that is prepared for the next federal reserve meeting in less than two weeks, that looked pretty good. you saw signs of an economy that was not necessarily hitting on all cylinders but it wasn't misfiring as might have been suggested in today's jobs report. neil: normally, i know we talk about this, i'm like a dog with a bone on this, i could definitely see why the street would get excited at the prospect of the fed cutting rates. but then you have to think about the fed is cutting rates if it comes to that. it must see something that more

than just headwinds of a trade quagmire. then i start worrying what do they see that i don't. >> right. it's like the difference between asking for gatorade versus penicill penicillin. one is for the athlete running a race and the other is for something else. neil: you take the two together, you never know what will happen. but i see your point. are we getting ahead of ourselves? >> i think we are. i absolutely do think we are. let's think about the fact investors are essentially incented to make a bet so they do have an incentive to try to get ahead of this. in terms of what i'm going to be predicting, obviously not on the table for june in my way of thinking at all. i think that what you are going to really be looking for at chairman powell's news conference as well as the dot plod and everything else, are they setting the table for this. clearly i think in their statements they are trying to indicate they are open to the possibility. but i think for the rest of us who need to make our borrowing,

saving, investing, et cetera, decisions, i think we just really want to know what we know right now. that's what we know today, which is not much. neil: you know, there aren't so many arrows in the quiver right now. we would have had ten rate hikes, we had ten rate hikes beginning with janet yellen in the last years of the obama administration to the eight others in this administration. i'm beginning to wonder, you take two of them back, that's what the markets expect. you got eight to go, right? >> yeah, it does worry me a great deal, because as we had looked at the possibility of getting the federal funds rate well above where it is right now, we thought that we would be getting to a place where the federal reserve would be accumulating more ammunition for the next downturn whenever it occurs. we don't know when the next d n downturn is going to appear. we know this morning the federal reserve banks of atlanta and new york have downgraded their outlooks for the current quarter to respectively 1% and 1.5%. that's pretty weak but it's not

zero or minus. obviously we got to get through this quarter and see what kind of would-be resolution we have to these trade problems. you know, i don't like the idea that investors are celebrating the idea of ultimately weakness in the economy. i think that's counterintuitive. neil: especially when we did have 75,000 more jobs this latest month. it might not be like triple digits or over 100,000 but the fact of the matter is, still a gain. anyway. mark, always a pleasure. thank you. i don't know if this is a good or bad thing for the president of the united states to be agreeing with a position i had on this nasa going back to the moon, but the president tweeting out a few minutes ago for all the money we are spending, nasa should not be talking about going to the moon. we did that 60 years ago. they should be focus order the much bigger things we are doing, including mars, which the moon is a part, i think he knows that's part of an overall strategy to get back into space in a big way. also emphasizes defense and

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neil: all right. the women's soccer team is looking to repeat as champion. the winning team could pocket up to $4 million. this isn't chump change or no change it used to be. dle agency founder doug eldrich with us now. something's changed. what's going on? >> what an exciting time. 24 countries, 552 players. it's a neat time for soccer fans around the world but especially here at home. the u.s. women's national team is really something special. three world cup titles, four olympic gold medals, top ranked team in the world 10 of the last 11 years and they are responsible for the single most viewed soccer game in u.s. history between 23 million and 25 million viewers. they really stand a class apart in their own right. but en route to their fourth title, this month in france, i think the biggest hurdle and biggest challenge they will face ironically is off the field, in the court of law and the court of public opinion for sure. neil: so they are the odds-on

favorite, the u.s. women's team, right? >> sure. yes. neil: so do you agree they should be? >> 100%. i think you have the u.s. women, i think you have germany hot on their heels. i think we will see those two lock horns late in tournament play. i do think the u.s. team is the favorite. i hope as a fan, as an agent, as a fan and as an american, maybe not in that order, of course i want to see them win. i want to see them plow mthroug the competition. i don't want any match to be even close. i hope they're not distracted by the pending litigation that was put in place march this year. neil: what was that litigation? >> in 2016 they filed an eeoc claim indicating gender-based discrimination on the part of the u.s. soccer federation. u.s. soccer federation governs u.s. women's and men's national team. the filing was really just a requisite administrative step in order to be able to file a federal claim citing the gender based pay discrepancy or discrimination. two things are important from the outset. two distinctions. number one, discrepancy is not tantamount to discrimination.

you and i know that but we are starting to hear those two used interchangeably. that's concerning. second thing we need to distinguish is the domestic pool versus the global pool. let me unpack that for a second. you teased it. in the global pool, the men's world cup last year in 2018 generated $6 billion in revenue. the players took a 7% pool of $400 million. the player pool drops directly down from the revenue. one year later, the women's tournament is expected to generate $131 million in revenue. they are going to take close to 22% at $30 million with the winner taking four. from a numbers standpoint, there seems to be equality in the context of a revenue generation model. the issue, i'm taking a long way to get to the destination, the issue is on the domestic side, because the united states women's national team filed in federal court this claim of gender based pay discrepancy or excuse me, discrimination, based on a variety of factors, primarily circling pay, travel

and training. they claim we're a heck of a lot better than the men, our results are better, our revenue's better, our tv's better, our sponsorship is better so we should be paid commensurate, it should be, we suggest, revenue sharing. ironically, the u.s. soccer federation is going to be taking a market realities defense which says hey, we are a product of the broader or global market, there's a massive discrepancy so how can we justify the revenue sharing. the suit is interesting in and of itself. they filed under a 1963 equal pay act which says you have to have equal pay for equal work and title vii of the 1964 civil rights act which says you cannot discriminate regarding pay on the basis of sex alone. what this is ultimately going to force because they are requesting a jury trial. i will get to that in a second because it is that intersection of the court of law and the court of public opinion. what they are trying to force is a jury trial with extensive discovery and really, the u.s. soccer federation having to really air out their books and how that math, the market realities as they put it, is

actually calculated. i think this is really a very strategic way to force a settlement which is smart on their part. what i said a moment ago is i hope this doesn't distract their focus. we want to see them dominate in the world cup. neil: we hope they do. thank you very, very much. more after this. . . let me ask you something. can the past help you write the future? can you feel calm in the eye of a storm?

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neil: up 302 on the dow. dow, s&p 500, nasdaq are having the best week of 2019.

which could be reversing six down weeks in a row for at least the dow. that is something we longley anticipated waiting for. my buddy charges payne would happen which he is right again which i hate saying. he joins us now. hey, charles. charles: neil, appreciate it. good afternoon, i'm charles payne and this is "making money." breaking now, the market is up and every single day this week capping off a solid week to say the least. the market not scared off by disappointing may jobs numbers. all eyes turning to the federal reserve and possibly three rate cuts. the tariffs on mexico are set to kick in on monday if mexico doesn't stop quickly the central americans crossing the united states border and their own southern border. president trump back to the united states after a whirlwind tour of europe. president trump slammed nancy pelo