before i think that's a great call to read more check out this week's edition@barons.com and be sure to join us next week when we talk to legen weekend. lou: good evening, everybody. president trump entered this week as a target of the rabid radical dimms seeking his overthrow. and he is this week as the author of two historic trade agreements that add considerable weight and luster to his historic list of achievements and successes over the fires few years of his presidency. president trump's monumental success overwhelming those radical dimms as they ask december -- they desperately carry on with their pathetic farce ensuring nancy pelosi,

jerrold nadler and adam schiff will be devoid of decency of the national interest and scornful of the republic and our laws. driven by political am because, personal resentment, and outright hatred. despite all the party of hate has done to overthrow and block our president. today he announced the united states and china reached agreement on a substantive grade deal? how big is it? it will result in the chinese purchase of tens of billions of dollars in american agricultural products and ends tens of billions of chinese intellectual property theft. the agreement is enforceable, and president trump is maintaining 25% tariffs on the

bulk of chinese exports to this country. a quarter trillion dollars worth. and the two nations continue further negotiations on phase two of the deal. the where touting the agreement as a remedy to many of china's unfair trade practices. president trump: it will be one of the great deals ever, the tariffs will largely remain, 25%. and we'll use them for future negotiations on the phase two deal. china would like to see the tariffs off. we are okay with that, but they will be used as a negotiating table for the phase two deal which they would like to start immediately, and that's okay with me. we would like to wait until after the election but they would like to start sooner than that. it covers tremendous manufacturing, farming, a lot of rules, regulations, a lot of things are covered.

a lot of big things are covered. i say affectionately the farm letters have to buy much larger tractors because it means a tremendous amount of biz. lou: this agreement could be foundational if the chinese keep their word and honor the agreement. historically that's been a problem for china. it could be a roadmap to a strong and steady trade relationship and to a cooperate idea partnership between the two nations. the agreement provides protection for intellectual property and the end to forced technology transfer, dispute resolution and enforce built. it also includes purchase commitments for agricultural goods, manufactured goods, energy and services. joining us tonight, one of those who the president turns to for counsel, dr. michael pillsbury.

author of the 100-year marathon. good to have you with us. sum up wit up -- sum up for us r if you will, your judgment of this deal as it now stands. >> this morning the chinese officials in beijing held a press conference. chinese officials don't usually have press conferences. in this case they were conciliatory of president trump. they have and i extraordinary respect for him for a variety of reasons. one of them is this book called "great again" president trump wrote four years ago. he has a section on china and he says china will be the biggest challenge to america in the future. he says they are the smartest negotiators in the world. and he lays out what needs to be

done, and that's what he has done. the chinese said it's true, we agreed to this agreement. they didn't want to come to these talks at all a year and a half ago, they said we don't cheat, there is nothing to talk about. this time this morning they said they want to go on immediately to phase two of the talks. this is astounding to me. you i have advised 8 presidents, including obama who i'm sorry, i was a paid consultant to president obama on china. lou: i'm only upset he didn't obviously take your advice. too nobody has gotten this kind of dial before from china. the president's achievement is only hurt by the fact that the text is only available for a few people. when the signing ceremony takes place in the next two weeks we'll have a real reaction that this is just a phenomenal achievement by the president.

lou: personally i think it's remarkable. the enforce built, rob it lighthizer -- the enforceability, robert lighthizer. he accomplished a great deal. he couldn't have been darker in prospect than in october after the basic dissolution of whatever agreement there was between the two countries. after the disappointment of may when the chinese reneged. the smart money at least, a good amount of it was tbhoaght way in hell the two countries would come together. >> they were so wrong, weren't they. lou: so often the smart money thissing this country. the smart money is represented by wall street. they have to -- they have to be thrilled with this deal, opening markets, financial markets. give us your sense of the

importance of that aspect of it. >> i saw the president say opening china is his goal and it's going to happen. china is not well understood. china has been a closed market to america and most foreign countries. it's the world's biggest market. if the president can open up china to america, and especially if america gets in first in these various chinese markets have have been closed, it's good for the growth rate of our own economy. the president has been saying for quite some time if hillary clinton had wouldn't election china would be surpassing us about right now. he's adding he's going turn china and this closed chinese market into a source of growth for america. and the chinese are going along with it. lou: i think it's important,

too, what else the president accomplished contemporaneously irrespective of what happens. there are various trigger points, the trip wires are everywhere, whether they are called that by the goishators or not. -- by the negotiators or not. we'll look at whether they are continuing their theft of our you intellectual property. all of this while not perhaps obvious to everyone and the public, it will be clear to our government, to our financial institutions, and the president will act one assumes quickly and surely in response. >> there are a couple problems. i don't think senator schumer or senator rubio were have fair to the president saying edsold out. lou: you are saying senator

schumer was not fair to this president? my goodness. let's show everyone what senator schumer said. >> as you see it there, according to reports, he sold out for a temporary and unreliable promise from china to purchase some soybeans said senator schumer. not a generous hearted man. >> he doesn't know what's in the 86-page agreement. senator rubio's criticism is also unfair. >> yesterday i was hesitant. but i got a briefing yesterday and i think i pretty much understand what's come something out in two or three weeks. the ceremony won't happen tonight. it can't happen in the public at large or wall street for another two or three weeks when people

realize the text of the agreement. lou: i'll make you a bet they will be tempted to celebrate tonight. as we look at what is going on here, it does seem to me to represent a really substantive progress toward moving to a meaningful trade relationship, and i do mean by that what the president articulates as a balanced and reciprocal trade relationship. how soon will we see trade deficits dissipate then disappear? >> some of the optimuses say there is as much as $200 billion in new purchases that can come in the next year, year and a half. but we don't want to rub the chinese noses in it. lou: i don't want to rub their noses tonight but i sure as hell wants to get rid of that trade deficit as does the president.

>> just seeing the results should make us very happy. i do think marco rubio will owe an apology to president trump for this tweet this morning. lou: there are so many people in this country that owe this man an apology that it could take up a lifetime of reading to get through them all. schumer, pelosi, i meant exactly what i said, the radical dimms in this country and what they have done to this president, this country, to our laws, to our constitution and this republic is an affronts that history will not be kind to them. and they have an opportunity, if i may say, to take an exit before they demean further themselves and are simply a blight on this nation's historical foot notes. but they don't have much time. dr. michael pillsbury, great to have you with us.

thank you very much. >> in spite of the impeachment trouble. lou: special counsel crossfire hurricane, the list goes on. thank you, mike. appreciate it. the radical dimms on the house judiciary committee today reaching the outer borders of the absurd. in the party line vote the committee chose to send two purely partisan articles of impeachment against president trump to the house for a full vote next week. president trump firing back earlier today. president trump: it's a witch hunt, it's a sham, it's a hoax. it's a horrible thing to be using the tool of impeachment which is supposed to be used in an emergency. you are trivializing impeachment. i tell you what, some day there will be a democrat president and a republican house, and i suspect they are going to remember it.

the people are disgusted. the people are absolutely disgusted. nobody has ever seen anything like this. lou: hopefully we'll never see anything like it you again. we'll have much more on impeachment and farce. presidential historian doug wead and pasto pastor robert jeffresn us. will anybody in the deep state face charges for their role in spying in the 2016 campaign and the president's administration? also breaking new developments in the legal battle over the president's financial records. the supreme court making a decision. we'll have that and more when we come back. [ applause ] thank you. it's an honor to tell you that liberty mutual customizes your car insurance so you only pay for what you need. i love you!

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it's our most dangerous addiction. and to get the whole world clean? that takes a lot more than an alternative. so we took our worst vice, and turned it into the dna for a better system. materials made from recycled plastic - woven and molded into all the things we consume. we created bionic and put the word out with godaddy. what will you change? make the world you want. lou: it was another record-setting session on wall street after the united states and china agreed to a phase one trade deal. but not a lot of fireworks. the dow up 3 points, the s & p and nasdaq hitting record highs for a second straight day. s & p up a quarter percent.

the volume on the big board. the dow gaining half a percent, the s & p and nasdaq both up almost a percent. crude oil gaining a percent and a half. gold up a percent. silver nearly half a percent higher. goldman sachs says u.s. markets could see a significant correction if the democrats win the presidency in both chambers of congress in the 2020 election. they predict they will more than likely remove the president's tax cuts if they sweep, putting the markets at risk, and the economy, we don't want to think about it. please, no sweeps. listen to my reports three times a day coast to coast on the salem radio network.

i should say no sweeps by the democrats. the supreme court will take up all three pending cases on president trump's financial records. three of them he, the high court will hear arguments in march on the three cases in which the manhattan district attorney and three congressional committees have subpoenaed financial information and years of tax returns from the trump organization, the president's accounting firm, and the court will rule by july we are told, four months before the 2020 election. extraordinary. it just never quits for this president. it's unbelievable. senate majority leader mitch mcconnell says he and the white house are absolutely in agreement on how to handle a few tour impeachment trial in the senate. mcconnell says there will be no difference between the president's position and the republican party's position. president trump expressing similar thoughts today.

president trump: i think they are have much in agreeks on some concepts. i will do whatever they want to do. city wouldn't mind a long process because i would like to see the whistleblower who is a fraud. lou: joining us tonight is doug wead, vasor t vase -- visor to o presidents. author of a new book. inside trump's white house. it's out today. doug wead, great to have you with us. let's start with this president. two historic trade agreements this week. he has swat aside the efforts to overthrow his presidency with quote-unquote an impeachment inquiry. your thoughts about what is going on and where would you put this in historical context? >> what amazes me, lou, is how the president just doesn't stop. he uses everything that life

gives him. with russian collusion, jared kushner said that helped turn around the economy because the media was so focused on this bogus theory they were able to deregulate without interference by the media. now while impeachment is going on, he rattles off 8 major events that have taken place with the canadian, mexican-american deal, the china deal. it's truly amazing. he's a businessman. he doesn't waste anything. he puts it to work. on the way in here i googled "the des moines register" to read up on the impending impeachment and it wasn't there. so i went to the union leader in new hampshire, the epicenter of politics and it wasn't there. i went to the san francisco chronicle, surely they will have

it. they had it on page four. lou: that's an extraordinary canvassing you have done for us today, and we are always grateful. the american people know how this ends. and it ends badly for pelosi and schumer. and certainly for schiff. and nadler. it is just sow insulting to the american people that these low lifes, these radical dimms in the judiciary committee and the intelligence committee and some others would think they could pull this preposterous stunt and be taken seriously. there is not going to be a drum beat, and the sounding of trump thes as they -- the sowrnlgd of trumpets as they vote on this impeachment. it will be the sound of a flush.

the united states congress and the democratic party hitting its historic lows once again. >> the democrats are very nervous, as the "new york times" said today, they current decide on a candidate, they can't decide on a platform. they have been on the pill since 2018, they haven't given birth to a new idea since then. somewhat was the new idea then? they haven't had a new idea frankly since 2009 and obama care. it's called socialized medicine but at least it was a new idea as they had framed it. >> they are debating on whether they will be socialists or the rub with napolitano and her new ideas now embracing the founding fathers. >> can you find anywhere in history a place where there is an even log for the conduct of

the entire party like this. it's committing political suicide before our very eyes. >> not since the federalists divide us and had people run from different districts trying to divide the nation. all i see, hatred is what the party stands for. they have to come up with something better than that. the last time i was on the show the president tweeted by the, and his version of your show which he snowed his tweet got 800,000 tweets. which is probably better than what we got. lou: maybe we should recommend he do that on the quarter hour. we would like to hear your thoughts on all of this. share your comments. a programming note. i will be in washington, d.c. monday. acting secretary of homeland

security chad wolf joins as does the secretary of commerce, wilbur ross and the judicial watch president tom fitton. please be with us for that. lou: the fbi fails to punish the attorneys in the bureau who helped spy on the trump campaign. drivers just wont put their phones down. we need a solution. introducing... smartdogs. the first dogs trained to train humans. stopping drivers from: liking. selfie-ing. and whatever this is. available to the public... never. smartdogs are not the answer. but geico has a simple tip. turn on "do not disturb while driving" mode. brought to you by geico.

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lou: welcome back. the fire declaring in a court filing that it has, are you ready?

absolutely no records of any disciplinary action taken against any bureau attorneys who pursued the fisa warrants targeting the trump campaign. this despite the doj inspector general's report that found 17 significant acts of misconduct, false statements, and omitted information. joining us tonight, award-winning investigative reporter, fox business contributor, and the leading investigator on spygate. this doesn't end with this story. it's corruption, more corruption, and more corruption in the department of justice and the fbi. >> now i think thanks to the good work of the south sooner legal foundation w we