this. meantime we don't see any cooperation from the government. [closing bell rings] things will continue to play out. connell: marianne, thank you so much. if you can't join us live. set the dvr now. markets will be in full-blown reaction whatever the federal reserve does or doesn't do on interest rates. melissa: president trump getting ready for takeoff. the commander-in-chief to take off from the white house to depart for florida. he will relaunch his re-election campaign. in orlando where supporters are lined up. the dow is up 356 points after the president announced he will meet president xi from china at g20. i'm melissa francis from new york, this is "after the bell." connell: i'm connell mcshane live today in beijing. we'll have reaction to the major news of the day.

we're going i don't know trade tensions this hour where some call it a tech war. some chinese companies are still looking to innovate even as the u.s. government has really been upping pressure. today we're going inside after company called dji. a chinese-based drone company, got wrapped up in the headlines last month when department of homeland security issued a warning about the potential security concerns surrounding chinese-made drones. now the challenge for this company and others caught up in the so-called tech war is to keep innovating. as you will hear later this hour, it appears they're doing just that. melissa: i can't wait for that. first we begin with breaking news, fox business team coverage. gerri willis on floor of new york stock exchange. edward lawrence at the white house, and deirdre bolton is in the newsroom. let's start with edward. reporter: melissa, i can hear marine one on the south lawn. the president getting ready to go to orlando where he will renounce his election bid.

the president making a lot of news on china today. it appears the now the china talks are back on. the president tweeting that he did speak with president xi xinping this morning and trade teams would begin talks before the two world leaders meet at g20 in japan. the robert lighthizer is unwilling to go back to renegotiate what they agreed to. he said the u.s. cannot take china at their word. >> i know what won't work is talking to him. we've been doing that 20 years. you and i agree chatting with them in a dialogue will not get them to change because that is proven to be unsuccessful. reporter: the u.s. trade representative is more optimistic with the japanese. the japan has deals with every other major country in the world

except the u.s. that is causing a particular problem for farmers. >> we are making headway. we're in a situation where if we don't make headway quickly people will lose customers and never get that market share back. so it's a serious thing. the japanese are fully engaged. they understand what needs to be done. we've been quite clear about it and my hope we're just in the next few months we'll have an agreement. reporter: a deal in the next few month there. president donald trump also tweeting out that his acting defense secretary patrick shanihan will not be going through the nomination process to become secretary of defense. instead the president saying his last day, the acting defense secretary is friday. the president then nominating or saying the next acting defense secretary will be the secretary of the army. congress would like the hearings begin sooner rather than later. back to you. melissa: the president is talking to reporters right now. as soon as we have that, we'll bring it back to you.

no doubt he will make news as he has all day. meantime major averages soaring today for two straight days of gains. gerri willis at floor of new york stock exchange. reporter: melissa the dow was up more than 350 points point the as the close. the nasdaq doing the best of all three major averages. this in reaction to president's tweet that he expects to sit down with china's president xi at the g20 meeting next week, get to some kind of resolution on trade. also expectations for a dovish fed as it meets today and tomorrow. not expecting a rate cut down here. but they believe they will see a view to next month, july, possibly a rate cut here. 10-year treasury yields rebounding from 21-month lows. everything hinging on fed tomorrow. oil prices meanwhile settling up a $1.97 a big move for oil today on the presidential tweet about china. and finally, this is

fascinating. bloomberg out with a story that the white house explored the legality of demoting the federal reserve chairman jay powell. blake burman was able to larry kudlow, the president's economic advisor about this in a gaggle today. kudlow did not want to comment he did say, that they are quote, not considering demoting the chairman. fascinating conversation there. kudlow deflecting that speculation. meanwhile breaking news just moments ago. cbs said to be formulating an offer for its sister company viacom. this is renewed push for a merger. efforts to get a merger of these two companies. weeks, representatives of cbs and viacom have already had preliminary discussions. cbs directors discussed prospects of a deal at a june 14th meeting. expectations that there could be a union of these companies is speculated about a lot. we're getting headlines just now as this is happening. cbs trading up a little bit here

in after-hours trading. back to you guys. melissa: getting a lot of different headlines, gerri. those coming from the president, speaking with reporters right now. here is the preliminary version of what we're hearing. he did not ask acting defense chief shanihan to withdraw. he heard about the allegations exploding all day regarding shanihan. he heard about those on monday for the first time. we'll have a lot more coming from that little press impromptu back and forth just as soon as we have it. connell. connell: we'll see, melissa if he speaks more about trade after his conversation with the chinese president xi xinping. i will just say briefly from the perspective in china. we just landed in beijing today after flying in from the tech hub city of shenzhen earlier, that we're just not sure how the chinese see things. we saw it in the market reaction. there is a lot of optimism back in the united states.

we'll talk about this a little more later. we're headed over to the government buildings located outside of tianamen square in the forbidden city. we have a interview with a commerce official after we get off the air with you. tomorrow we'll have that on the program. we might get a better sense how china views this, and if optimism in the u.s. market is shared here. we'll see. to put it in a larger perspective or you know, we talk all the time here about the trade war on the show, many here in china tell us they see the conflict with the united states as more than that. more of a tech war and it is not just huawei which is obviously a big focus of ours yesterday. the department of homeland security issued that alert last month about chinese-made drones. it quote, had strong concerns about any technology product that takes american data into the territory of an authoritarian state and permits intelligence services to have unfettered access to the data. the company dji was not

mentioned in the alert. it is largest drone company in the world based her in china. we asked the executive when we passed by the company's headquarters when we were in shenzhen. take a listen. >> let me say emphatically that is not true. data, our customers data is theirs and theirs alone. we, it is our perspective that data is not our business. our business is all about producing drones. connell: if i have a drone, and i don't want my data to be seen by anyone, it's a dji drone, is that easy for me to do? >> yes. connell: how do i do that? >> fact that your data sits on the drone itself. that is fundamental. connell: does it automatically come back to you? >> no. unless there is specific reason for after-sales servic request. that is only time you would potentially share any data with dji. connell: okay. >> the data stays on the drone. we do anything wit. we don't have any access to it. connell: more on the company's technology a little later. let's go to today's panel.

gary kaltbaum and liz peek columnist for foxnews.com. geir i and liz are fox contributors. i think the larger conversation we could have today, the market is up on all the optimism, we get this from time to time as you know. president when he has a meeting with xi xinping what are we in the midst of here? i know speaking with a lot of people here in china think this is bigger than some sort of trade discussion that will be solved. they think it is kind of a tech war that will be going back and forth for weeks, months, maybe even years. what do you think it is? is it a trade war? is it a tech war? is it something else? >> look i think it is simple trade war at this point in time and my worry has always been it will escalate to those real big numbers. you know we have 300 of our companies visiting with the administration begging them and pleading with them not to do the

new tariffs as we move forward because it would be a big effect on them. so yeah, it will matter a lot. i think the president timely tweet today to coincide with his rollout of his campaign. you combine with what happened with the european central bank overnight where they already have negative rates, amazingly said they will lower rates even more, print more money, you get a market you saw today and tomorrow we get dr. dove, jay powell, doing the same type of dance where i expect them to lower rates too, and markets are off to the races. connell: dr. dove, i like that. liz where is your level of optimism especially hearing from the president? i'm not sure how that is viewed here in china. we expect to find out more a little later on but for tomorrow's show but you think we're close? >> i have no idea. look, they thought, we thought we were close a couple of weeks ago. it turns out that the chinese basically threw overboard 150 pages of understanding. but to go back to your earlier

question, connell, i kind of understand, i would kind of disagree with gary. i think this is about tech. as china moved up the value chain american companies at the very highest end of our technology ladder are feeling intense competition from china and china views now america's effort to have a trade dispute and rein in their aggressive stealing of technology as an effort to gain as sendance. the problem they acquired all this technology, leaped all the hurdles by stealing our stuff. i think both sides are right. i think we need, i think lighthizer is right. we cannot talk about this. we have to have a solid way to enforce these provisions, prohibiting this continued theft of our technology. i think it is really tough but, look, at the end of the day, both countries want to avoid higher tariffs and further

slowdown in the economy. that is the bottom line. so i'm sure at the very high-end anyway, xi and trump are going to try to see something happen. melissa: more news from president trump as he speaks to reporters on the south lawn responding to reports about demoting the fed chair. president trump saying, let's see what he does. bring you the comment as soon as we have all the rest of them without my interpretation. you will hear it right from his mouth although i bet it is very similar. a plan to disrupt the financial global system as we know it. social media giant facebook is teaming up with paypal and dozens of other tech first to introduce a new cryptocurrency, libra, to the world. fox business's deirdre bolton live in the newsroom with details. melissa? >> facebook is doing everything to make this latest product look inclusive. this currency called libra, the

system upon which the currency can be saved or spent, think of it as digital wallet called can libra. there are digital partners, you listed famous ones but they will make a decision about the system. as you referenced there are two dozen companies participating. mastercard, visa, paypal, tech giants, uber, spotify, there is vc firms, there is non-profit groups. facebook says we have two dozen, a little bit more than that but we want about 100 partners by the time that this system goes live in 2020. so experts say the digital currently itself, libra should be less volatile than bitcoin because libra will be backed by real assets such as bank accounts, short term government securities. bitcoin is basically peer-to-peer. but facebook even want to make the point you don't have to be on facebook to use libra. here is one of their reps. >> to use libra you will not

need to use a facebook product if you don't want to. there will be plenty of wallets offering similar services that calibra will offer. you can choose whatever wallet you want. they will be inneroperable on one another because they run off the same network. >> presumably facebook is doing this at least in part, so it doesn't cause trouble, get in trouble, having a kind of monopoly on the digital currency. big tech as you know under fire in d.c. right now. the other thing facebook has promised? not to mix buckets. from mark zuckerberg, founder, ceo himself, a promise your payment history will not be given to facebook or used to sell ads. melissa, straight from the top. back to you. melissa: yeah, right. oh, yeah. deirdre, thank you. gary, liz, what could possibly go wrong? i mean -- i can't even imagine what could go wrong with this? >> well the tale of the tape,

2500 different crypto coins, whatever you want to call them came out in the last few years. i think 2400 of them are down 90 to 100% from their highs including dennis rodman's pot coin that he came out. i laughed at a lot of those things. i'm not so sure i'm laughing at this. i think facebook is trying to basically substitute our currency for their own trying to make hay out of this. facebook doesn't expect to make any money out of it for many years to come. melissa: right. >> i don't know what is to become of this. this is something new. i have to think where this is coming? melissa: when mark zuckerberg's lips are moving. i remember when he said they will not sell our information. they were just trading it for other things of value. they have to say barter. we have to go through every

synonym we could possibly have, in order so he can't lie without lying to us what will happen to our information. >> i would take his assurances with a grain of salt. at end of the day two things are valuable here. cryptocurrency has some value. blockchain technology allows certain payments an transfers that no other cash medium really does are or payments technology really does. facebook at 2.4 billion users. they're trying to figure out every way they can to monetize the user base and this is kind of a logical next step. i don't laugh at it. i think gary is right. at some point one of these crypto things will work out. maybe this is the one. i agree in that sense maybe it is too early. it is one of those things where people have gotten very comfortable with venmo and

paypal. you can find almost anyone that is scary in the beginning, i understand it is not same thing as cryptocurrency at all. it is about what is a universal one that a bunch of people will use that they feel good about. let's listen to the president. >> gentleman with a great career, west point, harvard, a tremendous talent. he was just named acting secretary of the defense. i think he will do very well. he was secretary of the army. i got to know him very well. he is an outstanding guy. pat shanihan, who is a wonderful person, take time off for family matters. i want to thank him for his service. he is a terrific person. it's a difficult time for pat but he is going to take a little time off for family service and for, for working things out.

i think you know about it. you know very well about it but mark esper will be outstanding. we look forward to working with him for a long period of time to come. [reporters shouting questions] >> excuse me? no, i didn't. i didn't ask him to withdraw. he walked in this morning, he said it will be a rough time for him because of obviously what happened. but i did not ask him to withdraw. he presented me with a letter this morning. that was his, that was his decision. reporter: [inaudible]. >> i had heard about it yesterday for the first time. i didn't know about it. i heard about it yesterday. it is, it is very unfortunate. very unfortunate. reporter: you just heard about it yesterday? >> we have a good vetting process. you look at our cabinet. our secretary is very good. we have a great vetting process.

this is something at that came up over little last short period of time. as you know, pat was acting. so acting gives you much greater flexibility a lot easier to do things. that is the way it is. too bad. april? >> mr. president will you apologize -- [inaudible]. exonerated. there have been videos and movies shown about the case. you came out with full-page ad saying they should die because -- >> why do you bring that question up now? an interesting time to bring it up? you have people on both sides of that. they admitted their guilt. if you look at linda fires steen, look at some of the prosecutors, they think the city should have never settled that case. we'll leave it at that. reporter: [inaudible] having no defense secretary complicate your policy? >> no, frankly this could happen

quickly with mark epsper he has been around things we've been talking about for a very long period of time. reporter: why should americans trust your administration to tell the truth about what is going on with iran if we go to war, why should we believe you? >> we have iran, we've been talking to various people on lots of different sides. i will see what happens with iran. we're very well-set and configured. i spoke with president xi this morning of china. we'll meet at the g20. that is working out pretty much as i anticipated it would. china very much discuss the future, and so do we. the relationship with president xi is a very good one. we had a long talk this morning. reporter: [inaudible] >> say it? >> reporter: immigration officials

don't know anything about a planned roundup of people next week. >> they know. they know. they will start next week. when people come into our country and come in illegally they have to go out. everybody is seeing that. as you know mexico has been doing a very good job the last four days. they haven't done that in 25 years. they're doing a very good job. i appreciate the job they're doing. guatemala likewise is much different than it was under past administrations. so we'll see how that works out. with all of that being said the democrats should get together and solve the asylum problem which is very easy to solve. they should solve the loophole problem, also easy to solve. [reporters shouting questions] reporter: [inaudible]. >> this came up, this just came up and i did the nomination -- reporter: [inaudible] >> it just came up. i think we did it very quickly. pat shanihan was acting.

we put mark in. mark is highly experienced he will be put fit in very easily. reporter: [inaudible]. >> let's see what he does. i can tell you that draghi and eu, if you look what is going on with the euro, they have a much different stance than our folks do. as you know did something today that was very dramatic. frankly, it helps that part of the world. so we'll see what happens. they will be making announcement pretty soon. so we'll see what happens. but i want to be given a level playing field. and so far i haven't been. reporter: [inaudible]. >> yeah, i would be allowed to speak to him very easily. i speak to him anyway. reporter: [inaudible]. >> say it?

reporter: [inaudible] >> most likely. that is what i'm thinking about doing. most likely, pretty soon. reporter: [inaudible]. >> we're looking at iran. we have a lot of things going with iran. we're very prepared for iran. we'll see what happens. let me just say this, we are very prepared. regardless what goes we are very, very prepared. if you look what has taken place, if you look at what they have done, if you look at, i'm not just talking about over the last week, i'm talking about over a long period of years, they have been a nation of terror. now we'll see what happens. we'll see what happens. they are a much different country today than they were 2 1/2 years ago when i came into office. when president obama signed horrible deal, were screaming "death to america." i haven't been hearing that lately. reporter: [inaudible].

>> i have a meeting on that actually this afternoon before my speech. i'm going down there as you know. very big crowd down in florida, orlando. before that i'm having a meeting. so we'll be letting you know. reporter: [inaudible]. >> i have a very good relationship with president xi, we'll see what happens. i think we have a chance. i know that china wants to make a deal. they don't like the tariffs. a lot of companies are leaving china order to avoid the tariffs. i have a very good relationship with president xi. we'll see what happens. reporter: [inaudible]. >> say it? reporter: [inaudible]. >> we'll see what happens. i think meeting might very well go well. frankly our people are starting to deal. as of tomorrow, the teams are starting to deal. china would like to make a deal. we would like to make a deal. it has to be a good deal for

everybody. reporter: [inaudible]. >> they did. they changed their position. so i said we're not going to do that. reporter: [inaudible]. >> you're going to find out. you're going to find out. thank you very much. [reporters shouting questions] melissa: we're watching the president walk away. we'll listen to make sure he doesn't many could back to the mic he is prone to do that. james freeman from "wall street journal." he is also a fox news contributor. there were some nuggets for market and everything else. he talked about mario draghi, talked about what is going on in europe. they said are you going to demote jerome powell. we'll see what he does, something like that. he thought mario draghi, they just did a beautiful thing. we know that they signaled they will be potentially adding more stimulus into the economy over there. what did you, what did that

signal to you? what do you think happens? >> i think the president doesn't like the euro getting weaker. he thinks it is bad for exporters in the u.s. a lot of people in the u.s. like to have a strong dollar. look, european central bank, monetary stimulus, they have done so much of it, you now have for the first time in 5000 years of recorded history, we've been the last few years in era of negative rates over there. melissa: yeah. >> maybe they would push them lower? that is not the solution to their lack of economic growth. they need other reforms. melissa: but he is looking on it, saying i would like some too. if you heard larry kudlow on fox news channel earlier today, the bond market is signaling they think jerome powell is lowering rate. mr. kudlow said we wouldn't mind that. they're independent. we don't tell them what to do. we would love for them to lower rates too. sounded like president trump, saying that mario draghi did a beautiful thing, hinting not so subtly that please, jerome

powell please follow suit. maybe that gives our fed more cover to do something similar. let me talk about what he said about at the end of china. they want to make a deal. we want to make a deal. we heard that before. kudlow said they will be talking ahead of this big meeting as two leaders get together. staff on both sides work on some of the details. that is what bumped market so much higher, we're looking at the dow up 353 point, what is your take on his comment, where we are with china? >> it is interesting. we'll see if we get a deal. it has to be good for both sides. it is good for us. usual notes about relationship with xi xinping. there is pressure on both sides. certainly see the costs out of farmers to manufacturers in this country. you also see stress on china. you see it disappointing industrial production there. you see some stress in their financial system. so i don't really buy the idea

that xi, because he is a dictator he can have this extremely long-term view, necessarily wait trump out. i think there is big incentive for both of these, one our legitimate leader, their illegitimate leader to cut a deal. melissa: to get together. we want to tell you people what you just saw, you saw the president and first lady get aboard air force one. they're heading down to orlando for the big event last night. one last question. he was talking about immigration. huge sticking point. no doubt he will talk about that a lot at the kickoff for the campaign. he said that asylum and loopholes, they were both things that could be fixed very easily. that he would like democrats to get to work and anyone in congress, get a deal done on immigration that both sides could hammer something out in about an hour, hour 1/2, i think he said. he was also asked the other day in an interview what he would give up in order for these

things. he seemed willing to give to get at this point. >> yeah. melissa: do you think democrat are? >> you wonder how many invitations, i don't know why they don't make a public offer, and say, okay, we'll give you this part of the wall, you give us this change in asylum law and give us dreamers, legal status for people brought here as children. melissa: yeah. >> there seems to be obvious way to make a deal. i don't, i don't think that americans necessarily are better off given our worker shortage if we start shipping all these people over, back over the border, but look, if he is saying i'm going to enforce legal deportation orders, it is hard to argue with that. melissa: yeah. >> you wish finally nancy pelosi and chuck schumer would take the obvious deal on the table. melissa: you would think that if they were smart they would throw out something no matter how outrageous it is, here is our offer. the fact they don't even do that, makes you think they don't

want a deal at all. james, thank you. we'll go back to connell in beijing. connell: today, obviously the markets, what you heard from the president, all about america's perspective from the trade war. tomorrow might be about chinese reaction to what the president has said. we will get that before the show tomorrow. a larger context we've been reporting on, whether we're in a trade war or it is something more. maybe it's a tech war, or is that a fair comparison. i asked a guy who used to be in a china sovereign wealth fund. he is a chief investment officer at china silk road investment capital about whether that really is the perception here on the ground. >> the relevance, when you think about this it's a trade discussion. when you say we should think about data, ownership, data security, it really relates to

the future standards or the future framework of, for the global digital economy. connell: the discussion has been about companies like huawei, dji, other chinese companies found themselves in the cross-hairs of the american government. how do you see that playing out? is huawei for example, going to make it through all of this, do you think? >> if we look, if we look at huawei or kind of thing, that is certainly one big part of this debate. in every day's headlines right now but another part is what are we seeing that a u.s. department of justice start looking to the u.s. giants as well, the facebook, the google type of guys. connell: right. >> i say in terms of their practice relating to digital platforms and their practice with digital privacy as opposed china, u.s., any other countries including the eu, emerging

markets who are going through this digital transformation in their own economies are paying a lot of attention to the new economy saying we, we don't understand it. these are companies that gone very big, very powerful, very short period of time way beyond what the government regulations and laws have evolved. now we have to understand what that means. and how can we make sure that we manage their networks, their platforms, in a way that, in a way that it will benefit the economy, benefit the country, benefit the people. connell: we'll really see whether some of the tech companies, huawei, others are on the table when it comes to trade talks. winston knows a lot about that he used to be in the china sovereign wealth fund. he is familiar how the government sees things. he worked on wall street, maybe

outside business sees things. that is one of the questions we'll ask government officials we'll interviewing heading over to the commerce ministry later today. melissa: great stuff, connell. bright spot for boeing. the embattled aircraft maker winning a boeing 737 max order from british parent iag ending a two month sales drought in wake of the grounding of the 737 max fleet involving two fatal crashes. leading the drone industry. what happens if the u.s. china trade war becomes a tech war? we're on the ground with a look at the country's latest innovations. connell? connell: "after the bell" is coming right back here in china. this is a tease like i have never done before. we're at the drone company dji, chinese company, makes 80% of the drones sold in the united states. believe it or not, i'm the one flying this drone right now, if i go this way, the drone comes with me. if i go this way, the drone

follows me here. we continue, much more, from dji, much more from china "after the bell" coming right back. ♪ 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. hey guys, wanna play some pool? eh, i'm not really a pool guy. what's the hesitation? it's just complicated. step-by-step options trading support from td ameritrade

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the dji senior product manager gave us an inside look at how the drone industry is evolving. let's watch. >> if you look at one, the overall sleek shape and design and also when you look at the phantom 4 pro, we now have say, even the integrated display into the remote controller where you're able to get exactly what drone camera is seeing on the ground. connell: in early versions there wasn't even a drone camera. >> you were pretty much strapping on an action camera. you were lucky enough to take a photo. connell: the evolution for you guys as a company. first it seems like you were focused getting something up in the air. now you're doing something with that once it is up in the air? >> it is not just getting up in the air. going beyond that, you see all the little sensors on the drone. there is even side sensors and downward facing sensors.

these make product reliable and much more easy to use. connell: this is folding up small as a phone, and carry it around with you? >> yeah. connell: what is the motivation? what is the motivation for you guys making something this small? >> if you look at the phantom 4, that product, plus the remote controller, if you look at overall size, that is pretty much it. you can not put it into a small bag. if you were taking it out in a dedicated backpack. pretty much not carrying anything else. that is one of the major pain points trying to have that technology with you at all times. now when we started to think about how do we make that better, we took everything that was there and just made it smaller by folding it. connell: enthusiasts, regular people? >> enthusiasts, even say like, professional film crews where they're taking something like this because they are able to

put in their bag, they can go up and scout the area before they start shooting. connell: okay. there is professional application which i think is interesting. we were walking, talking about some of these other items. drones have changed a lot of industries. >> they have. connell: movies, industry, television. >> even like, there is search-and-rescue, first-responders, being able to, anything that you're able to get an aerial perspective is where the drone comes in helps a lot, whereas before, if you were trying to do that, you had to get a full-sized helicopter, can't get that close. this is a handheld mobile phone stablizer that then, we developed that. then we took say, our stablized cameras and we developed the pocket and then the most recently released action. these are essentially the same technology that is found in the drones. the stabilization, the core technology, we branched out

beyond drones, being able to provide a stablizing system for handheld cameras. connell: is that a -- you're going after companies established in that area. >> it is not so much going after the company. basically taking what we have, expanding beyond just drones. connell: that is interesting engineering concept. you have come up with something. then, what happens, the light bulb foes off, say you know what? maybe there is something else here? >> that is exactly what it is and that's actually a daily challenge for us, saying we have this technology. how do we use it? what other markets can we use this in? connell: a lot of your business we come in here from the united states, but a lot of your business, dji's is in the united states. i read you have 80% of the consumer market. >> yeah. connell: that is a big number. >> that is a big number. that is another challenge, trying to stay leaders in the market. connell: okay. what is, how do you do that? >> there's, if you look at dji,

and its portfolio of products that you see here, we're probably the only company that is able to do this with whatever we have right now in terms of ease of use, reliability, accessibility. those are the things that we act sell in. and in terms of the product itself, we always strife to be and make the best in the market. connell: a little look at dji, a company that has a huge presence in the united states. as we continue here live from china we're going to move back to the company that is at the heart of the tech war with the u.s. more from our exclusive access inside of huawei. we'll talk to huawei's vp joe kelly how the company is still really leading the way when it comes to 5g. maybe what that means for your internet connection. melissa. melissa: very cool stuff. kicking off florida style. we're heading to the trump campaign kickoff in orlando to hear from the state republican chairman what he is doing to

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melissa: breaking news from president trump. the commander-in-chief responding to questions about reports that he was looking into the legality of demoting federal reserve chairman jerome powell. listen. >> well let's see what he does.

i can tell you that draghi and the eu, if you look at what is going on with the euro, they have a much different stance than our folks do. melissa: making his case to the voters, president trump returning to the crucial battleground state of florida tonight as he pitches his message of a strong economy and low unemployment for four more years in office. joining us now is joe grutters. florida gop chairman. thanks for joining us. what is the number one issue for folks in florida right now? what do they care the most about? >> i think it continues to be the economy. our president has done an amazing job getting people back to work. record low unemployment, across demographic groups. people want to be better providers for their children. the president will deliver on that. that continues to drive this entire campaign. melissa: what else would they like to see? what else would they like to see

him do in his second term that he hasn't done already? >> it is just, at end of the day president trump is a fighter. he will step up and fight for all americans, regardless where you are, where you live. that is the great thing about this president. he doesn't care. he is out there to make america the best possible place to live and work. he has been fighting every day since he was elected to make sure that happened. they want to continue to see exactly what he is doing. melissa: i'm looking at orange county, the county where you are, hillary clinton won 60% to 35. obviously you got a lot of people there. have things changed? are they coming from elsewhere? that picture kind of doesn't look right to us, what do you think? >> well here is the deal. the president spent more time here than anywhere else in the country. we love him as floridians. basically we have 1000 people a day moving to florida from some of these high-taxed states. they're fleeing policies democrats are espousing. the president all he needs to do

focus on economy and trying to continue to promote jobs. i think people will continue to support him and we're ready and prepared today. we're busting at seems at all the entrances. thousands of people waiting. we'll probably have a record 50,000 people turn out, maybe more. it is because what the president is doing. melissa: it is interesting you say the folks migrated down there will vote for president trump. a lot of people who live there are worried about the opposite thing, democrats are leaving high-taxed areas and vote for higher taxes in places they moved to. i didn't understand that logic. i think what you're saying makes more sense. quickly, joe biden says he can take florida. that will not be a problem. what is enthusiasm for joe biden like down there? >> i don't think we have to worry about joe biden or any of the democrats because i think the president, like i said, this is his second home. he is basically a floridian. people love him here. i think overwhelmingly what happened in 2016 will continue on. i think the president has a

huge, wide range base of support. basically, we have never taken our foot off the gas since 2016. where the democrats are fractured, 24 different groups. it will be very hard for them to unite under one candidate once they elect their nominee. here the president, his support amongst the base is record highs. independents, other demographic groups. he is basically loved across everybody here in florida. we're going to make sure that we put him over the top once again. florida will be the state that makes sure that he gets reelected. melissa: you are a good cheerleader. my friend. that is your job. thanks for coming on. we appreciate it. >> thank you. >> rare coverage from inside of huawei continues where connell spoke to a vp of the company about the future of 5g technology. that's next. ♪ in my line of work,

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had a rare look inside of the embattled chinese company, huawei. >> midst of this, huawei, even with the crackdown is still the global leader with roll out of 5g, we did have a chance to see some of what company is working on there. in including a vision of smart cities. >> to global economy. will create 22 million new jobs. worldwide, and you can see here, some of the various indices that will benefit, manufacturing we obelieve will be one of biggest bank of chicago -- of 5g if you use wireless technology, if you have devices, wire together,

have you a more difficult job. connell: these are 5g devices. >> rather than connects to optical box on your wall, they take 5g signals from the air into the home, this lift can become your home. >> how is this compared to now. >> standard 5g in china you get a hundred megabits on 4g, other cities in world not that speed. but 5g will deliver up to 10 a second. >> to your mobile phone, this is a on site broadcast unit with g5 as real-time transmission technician.

this bt in uk was shooting 4 k television in football. 5g is not just outdoor, we need it indoor as well, an airport or shopping mall or a football stadium or a rock concert. we all wanted to take videos and send them on phones. we can bring 5g indoors, they are little indoor connection points, that will allow thousands of people who congregate in the areas to get high-speed connectivity even when indoors, this a street lamp you would find on a high street, embedded but hidden can be local 5g bay station. >> okay. >> what you walk down the street, you are also getting 5g services, the closer you are on the bay station, higher speed you get, further away the speed

you get deteriorates. more and more bay stations will give you higher speed services. >> that depends how much local area, government will invest? >> correct. >> in the technology. >> one of the station has to have two requirement, one is power, the other conectivty, you can measure air quality, offer information on a screen, you have a street light, bay station on the street light which will charge your electric car. connell: when you say smart city? >> that is part of it. connectin your electric scooter or a car, then you can track it. you can put a sensor in your kid's school bag, you know where they are. >> all right. >> internet of things will revolutionize everything we do.

connell: in when way? well there are many ways but what is the? >> an example, you go to shopping mall looking for a parking space in future, you go to the phone, you will book our parking space, b27, you drive in. as soon as you drive on that space, a sensor will start charging your bank account through your phone. when you leave that free for someone else. connell: that is the tech side with huawei, we will have more from here in beijing tomorrow, back to politics with a look the china's preparation for g20 next week. i'll sit down with a man. from ministry of commerce in china, he knows that president trump and president xi have spoken by phone, we will try to find out where china stands

ahead of the anticipated face-to-face meetings. >> you are there to get the background before it happens, they were talking about behind the scenes talks, you will be there i can't wait, thank you connell, "bulls and bears." david: breaking news, president trump just speaking to reporters before leaving for a rally in orlando, florida, stirring up controversy. with his response to a question about whether he is considers firing fed chair jerome powell, we'll play you his response. this is "bulls and bears," thank you for joining us, i am david asman, joining me today, robert wolf, caroll roth, john burnett and john layfield, president responding to a bloomberg report that cid 6 months -- said 6 months ago white house was exploring legal option to demote fed chair powell. he was asked if he is still