necessary we'll cut production to putted it back in the range. liz: we have a couple seconds. do you like refinfiners and integrated oil names and which part can hold on here? >> i focus on the macro-commodity prices but equity research colleagues do think that refiners should benefit from structurally higher margins because the refinery sector globally is quite tight and international services company should benefit from ongoing growth outside of the u.s.. liz: daan struyven head of goldman sachs oil reservice connected and have closing out a strong week for the markets. thank you for joining us. have a peaceful weekend. kudlow's next. larry: hello, everyone, and welcome to a special edition of kudlow. i'm david asman in for larry

kudlow today. multiple outlets reporting that president biden is his staff will not face legal charges for mishandling classified documents, many of which were taken before biden had any cover at all from the presidential records act. so joe biden's own doj won't charge him with anything, big surprise. nothing amounting to any criminal charges or jail time. meanwhile of course former president donald trump slamming these reports as prosecutorial misconduct and selective prosecution as he faces more than 700 years in prison from a series of cases brought by partisan political prosecutors, who critics argue have turned our once esteemed model of behind justice into a third world-like two tiered system of justice. david spunt is live from the justice department with the details. hi, david.

reporter: hey, david. yeah, back in january here at the justice department, attorney general merrick garland appointed robert hurr as special council to investigate multiple classified documents found at two properties connected to president biden. one being his wilmington, delaware, home, specifically his garage where he parks the car. also the penn biden think tank here in washington dc. "the wall street journal" first to report it's unlikely that robert hurr will file any criminal charges against biden when reached we checked for the source close to the investigation, they confirmed the investigation is still underway, no final decisions have been made. hurr is prepared a report and expected to name names and criticized multiple people for recordkeeping. now, the president's son, larry hunter, may not escape the wrath of another special council. david wise is looking into him for five years and using a grand jury in california to investigate the first son.

news that a grand jury is seated in california to investigate huntser biden is not a surprise at all. we've known special council david wise was looking at california as a venue to charge hunter. why? because he said so himself in a court document dated august 11. now, cnn was first to report that not only is there a california grand jury, but hunter's uncle, james biden, who's the president's brother, has received a subpoena in the likely tax investigation. hunter biden has lived in the la area for several years. that's where he may, and i say may, be charged with failure to pay taxes. special council wise menaced he was likely going to refile tax charges in either washington dc or washington after that plea deal fell apart famously in open court in delaware, and we're told california is likely by legal experts because hunter lived there the past few years and if any tax crimes come up, those would fit in the statute of limitations, david, whereas

when hunter biden lived in washington dc in the earlier years, talking nine years or so ago, nine, eight, seven years ago, those are outside the statute of limitations. david. david: all right, we'll get to both these. david spunt, thank you on this. let's bring in gregg jarrett and fox news legal analyst and author of a new book. i think he wrote two at the same time. >> i did. david: you have two hands. it's called the constitution of the united states and other patriotic documents, about which we'll hear more in a moment. let's get to right off the bat to this decision or what we assume is a decision not to charge the president with anything. even though somehow he got these documents, these confidential documents that some of which were top secret before he was president. so he wasn't covered at all by the presidential act. >> oh, sure. all the way back to his time as a u.s. senatorial so --

david: will we find out what happened in >> the rate we're doing, it won't happen and does smack of a double standard and equal justice. that is how the american public will perceive it. you've got two presidents, trump and biden, both doing pretty much the same thing: retaining classified documents. one gets charged, the other doesn't. yes, there are differences between the two cases, but try to explain that to the american voter who's already convince that had trump is the victim of politically-driven prosecution and joe biden is the beneficiary of a protection racket run by his department of justice and the fbi. david: and again, a lot of these local prosecutors, the one down in atlanta and the one here in new york, one doesn't have high expectations that there be much more than a kangaroo trial, considering the fact the prosecutors went out on a limb saying we're going to get this

guy, trump, and they didn't even have charges to begin with. this was a special prosecutor, mr. hurr, that we -- a lot of people expected a little more from but looks like he's in the bag. >> he worked for rod rosenstein so that told me a lot. rosenstein tried to drive trump from office when he was at the department of justice. so i had no expectations whatsoever of robert hurr. you know, i'm going to give trump a tongue lashly and sharply critical and harsh letter to follow. he's take ago page out of the play book of james comer that stood in front of television and said hillary clinton committed crimes and then did a magical pirouette and said no prosecutor would bring such a case, which was utterly absurd. david: remember, for the folks that had forgotten, she took a hahammer and bleach to the electronic documents that were

in her own personal position. >> people thought she got away with it, and she did. hurr is one of the reasons she lost the presidency. joe biden may escape legally but politically, i think this is going to damage him. david: okay, there's some issues other than how he got the documents in the first place before he was president, how he got them out of the skiff or wherever he first saw them. there is a strong potential that individuals who were either in the biden household, and i'm speaking specifically of one hunter biden, who had all kinds of interest in classified documents relating to ukraine, china. not to mention the biden center itself at the university of pennsylvania, which chinese nationals had access to apparently, and could also -- we'll never know whether individuals who were using those documents for criminal means ever had to look at them. >> congress apparently has some

evidence that the documents may well relate to the very countries over which joe biden was exercising influence, and his son and family members were cassioppi cementing tens of million -- accepting tens of millions from those same countries: china, ukraine, russia, kazakhstan, romania. was national security put at risk? those are some of the questions congress and the impeachment inquiry wants to get at, but they can't enforce their subpoenas if james biden and hunter biden. only joe biden's department of justice can do that and merrick garland will never do it. david: meanwhile special council david weiss spent five years doing much of nothing with a pretty slam shut case against hunter biden, with the gun charge and other things, now claims he's going after hunter biden in california. do you have any expectations or hopes he'll do anything other than what he did for the

previous charges? >> zero. this is a guy that tore up an agreement to file six serious charges against hunter biden. he con conducted the sweet heart deal to give him immunity and no jail time. it imploded and he was forced by a federal judge to bring the gun charge, i think congress uncovered so much incriminating evidence and forced him to convene his grand jury, but i suspect it's a charade because it's secret, and if a prosecutor like weiss wants to present a lackluster apathetic case with feeble evidence, and either not make a recommendation to the grand jury on indictment or to argue against an indictment, he can do that and this strikes me as a farce window dressing. i hope i'm wrong. we'll wait and see. david: prosecutors are ignoring real crimes and other prosecutors for the same political reason making up

crimes that don't -- like a fraud charge in new york against former president trump in which there were no victims whatsoever? >> yeah, absolutely. david: it's an extraordinary -- it's not only two tiered in one, it's two tiered in both directions. >> right. in my book i have the writings of john adams among 65 other patriotic documents. john adams could see the future. he warned about this very thing about unscrupulous men in power in our newly established government. if left unchecked would become in his words ravenous beasts of prey that would undermine our freedoms and democracy. he was right. we've seen that with the department of justice, the fbi, intelligence agencies, unelected bureaucrats, weaponnized their authority to go after people, the russia hoax for purely

political reasons. david: you know, law and order, we used to watch a show on tv called law and order and it was very simple and started first of all with a crime, a specific crime and the detectives and cops work together with the das and work in joint action against the perpetrator of that crime, gathering evidence as much as they go back to the crime scene and now you don't even need to have a crime to begin with. i mean, that's the absurdity of all this just getting back to the original case, is it clear that the presidential records act protects president trump from taking the documents that he had at mar-a-lago? >> i think it's a valid argument to be made when you read the presidential records act. it is a civil statute that is the exclusive remedy for the handling of presidential

records. you know, the department of justice spent a decade arguing, indeed in federal court, that a former president can keep whatever he wants, including classified documents. they took that position in the bill clinton classified doc case. suddenly they change course and reversed it. why? because it wasn't bill clinton, it was donald trump. they tried to criminalize what is inherently a civil statute. david: the danger of this, of course it's not just about our legal system that is -- there's a danger of. it could happen to anybody and this new form of prosecution that's going on, very politicized, but it also affects the economy. i used to cover latin america and every economist that i went to saying what's the problem with chili and mexico and why can't you get yourself? we done have rule of law. don't have behind justice without blind justice and protection of property rights, et cetera, you lose the whole ball game.

the economy's finished, he can be is across the state the merce mercy of political favors of everybody in government. >> equal justice of law is engraved in the pedment of the u.s. supreme court and forten and becaused. david: details of this are in the book and i call the catechism of the united states. >> thank you very much. david: great speeches and documents that add to those elements that used to be the cornerstones of our legal system. >> it is a tribute to the many patriots who made america this luminous beacon of prosperity, liberty and justice. 65 of the most important patriotic documents in there, galvanizing ideas, inspiring words that shaped america, and buy two and give one to your children's teacher or an educator near you.

david: lord knows that's where they need them. >> the education system doesn't teach this anymore. david: the new book called the constitution of the united states and something to have with you very often and we're having this crisis that we're in the middle of. thank you very much. >> thanks. david: coming up, president biden's climate deal giving a boost to china's economy. senator kevin cramer weighing in on that when kudlow continues. ♪

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they continue building hundreds of dirty coal plants while making billions sending us batteries and solar panels as our energy production at home gets weaker and weaker. joining us now is north dakota senator kevin cramer, senator of the armed services committee. senator, i don't know about you but i see john cut kerry sittio seats away from the president. what do you make of what you've seen of this china deal, particularly the climate portion? >> yeah, well, i wish i wasn't surprised, david, but i'm not surprised but i am disgusted by it. to your point about john kerry, that's exactly the problem. if you were leaning on john kerry for council, doesn't matter how tough you are and how bright you might think you are. john kerry has been on a mission to transfer his climate guilt and environmental guilt to polluting countries for a couple of decades now. that's really all that's happening here.

once again, we get ruled by dictators, desperates and terrorists and our president runs around the country pretending to be a geopolitical expert and he just caves to them and they roll over us. it's disgusting. david: we, meaning taxpayers, are subsidizing the chinese and we're subsidizing a lot of green energy programs that require batteries from china, that require solar panels from china. they produce 80%, they have an 80% share in all the materials that go into solar panels. 75% of all lithium ion batteries come from china and it's a subsidy to china; right? >> it's very much a subsidy for china while they pollute the world and we'll feel bad about ourselves and they have electric vehicles and battery run cars and solar panels all that were made by very, very filthy operations in china making us further dependent on an enemy, another critical supply chain

we've cass acquiesced to our adversary and this deal has no teeth and unbinding in every way. even if it was binding, david, the chinese communist party doesn't keep up their end of the bargain. there's no good deal with them. we should stop beating up on ourselves. the united states reduced greenhouse gas emissions more in the last decade than the next eight reducing countries combined. we're literally now less than a third of the emissions -- less than a third of emissions of china, the no. 1 emitter. what makes us think they're going to somehow clean up just because we're willing to? it would be like ziti asking hamas for a -- israel asking hamas for a ceasefire and israel lays down its arms and expects hamas to do the same thing. it doesn't happen. david: we look at polluters and see china at the bottom and the main reason we've cleaned up our act so much many the past 20

years is natural gas and this administration is essentially trying to kill. >> that's exactly right and natural gas can be one of the greatest to tools in geopoliticl rebalancing of a power even more than weapons of war. we ought to be utilizing natural gas to bring down emissions and grow the american economy and make the world safer. as an example, american natural gas shipped to europe in liquefied form reduces 50% fewer greenhouse gases than vladamir putin's natural gas shipped in ragaini pipeline in europe. there's all kinds opportunistic reasons why we should be doing exactly the opposite of this. david: we know that china will not be honoring their commitments, i'm worry that had we will honor our commitments because they involve a lot more money. this is one of the agreements as that john kerry worked out, five large scale carbon capture projects and could cost tens or hundreds of billions of dollars and earlier in the week, we got this announcement from joe

biden. today i'm announcing $6 billion in new investments from the inflation reduction act and the bipartisan infrastructure law to make communities more resilient to climate change. do you have any idea what that means? jot only thing i can think of it might mean is more sea walls or something along the seacoast of the oceans. maybe hardening some instrategies structure and i'm not necessarily against all of that sort of thing, as long as there's a real purpose, it really does in fact make our frank siller structure stronger -- infrastructure stronger and safer and the fact they think it'll result in a climate reduction. that's crazy. david: no inflakes reduction and that was the name of the act it came under. i'm speaking of oil by the way. i want to focus on iran's now getting another $10 billion in sanctions waivers. gentleman by the name of matt miller from the state department, he's the assistant

spokesman for state spoke about that earlier. roll tape. >> there's no country in the world where we deny access to food and medicine and where our sanctions target food and medicine and other humanitarian goods to the people. that's true with respect to russia, iran. david: senator, i remember a deal called oil for food back in the days we were fighting sacsadamin iraq and it worked ot terribly and sounds a lot like that. >> it's interesting because iraq is a major energy producing country of its own. it should not be dependent on iran for electricity. so let's start there. let's start with the fact that we have this ally in iraq that has all of this oil and natural gas and should be using that for their own purposes rather than continuing to be the -- so i think we're facilitating a lot of bad behavior, david, i don't

want to -- i rack not to have iraq not to have electricity but want them to produce their own rather than be dependent on iran. we have big problems and dictators and terrorists are making us look foolish, which seems to be fairly easy for them. david: we're give ago lot of gifts to our enemies, to china and iran. i mean, stop. just stop doing that. it doesn't make any sense. tax may payers don't appreciate it. >> at least there's a welcome mat at the southern border for them all to come into the united states. david: thank you for that. senator cramer, great to see you as always. always a pleasure. >> thank you, david. david: shady pro palestinian group calling to globalize anti-fada and oil prices are trading in recession and markets are saying otherwise. who's right? we'll ask steve moore what he thinks when kudlow continues.

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david: as you know, anti-semitism is spreading all over the united states, in fact all over the world, but now a shady pro terrorist group is calling for direct action to "globalize antifada". kash patel is joining me now, former director of national intelligence, former dod of chief of staff and house committee and national adviser, and an attorney and author of government gangsters, great new book. thank you for being here, kash. kash, you hear a lot of people talking about pro palestinian rallies, and there are some that are pro p palestinian, but thiss real pro terrorists. talking about antifada is talking about using violence and terrorism, is it not? >> yeah, look, civilian peaceful protests are one thing, when you utilize terminology like antifada, words of war, words of terrorism, you take it to a

whole other level. the reason i believe these are being tolerated by the mainstream media is this is not an overnight occurrence. you now have people on tiktok praising osama bin laden's letter and using it to justify pro palestinian efforts. those are two in opposite approaches to national security that have been justified by the mainstream media, and the same justification is being used to fuel anti-semitism and they think that's okay and that's not the case and not how you defend a nation. david: don't you think we need to hear from somebody, whether the president himself or mr. mayorkas saying, look, we've got to revise our comments that white nationalism is the greatest threat to national security. it is now islamic terrorism and the threat of that from what is happening in the middle east. at least take away that nonsense that white nationalism is our greatest threat. >> look, their job as commander in chief and his cabinet in the

national security arena is not only to defend this country, but to assuage our position and beliefs during a time of war, that's exactly what they should be doing and not just tamping down on white nationalism. but stop saying that climate change is the existential threat to the united states of america. we are n in two more world wars since joe biden took office. our southern border is a disaster, and we now have people praising osama bin laden and baghdad and the terrorists killing americans and jews and holding americans hostage. you're absolutely right, the number one threat to the united states of america is radical islamic terrorism. they should just say that. david: you know, there's another threat, which is this administration's love of these globalist institutions like the united nations, which may in some fashion be forced on the israelis once again to take over whatever happens in gaza after they leave, after they clean out

the terrorists that are there. we keep hearing that trump was a bad man because he got rid of the un influence in gaza, but in fact that influence very often was bad influence. i mean, some of the schools that they were funding had very pro hamas-like literature in it and lessons and so forth. president trump removed funding from the un program in gaza in 2018. he was highly criticized by folks inside the deep state in the state department et cetera for doing so. it turns out it led to more peace, led to the abraham accords and so forth despite the fact they said it was going to lead to the end of peace keeping in the middle east. >> look, i ran president trump's counter terrorism programs and later was chief of staff at dod, and i was fortunate to see the front line mission set he had when it came to the defense of this nation. he said we will root out terrorism all over the world, and we will do whatever it

takes. that's why we were able to kill 98% of al-qaida senior leadership, take out baghdady, take out solomon and they're not giving them billions in addition to a multilateral system at the united nations to say if you're not going to help us, we're going to defund you. we're going to make it hard for you to trade with the united states of america. the largest budget the united nations has is situated in new york city where we continue to invite terrorists to give speeches on american soil because we call it the united nations and all of those are levers. the biden administration can take all those to reduce the threat of terrorism. what they're doing is fueling it and funding it, and these protests, these -- well, protest is putting mildly. these criminal actions being taken by many not just in the media but on the streets for anti-semitism purposes is

disgustingly criminal and direct result of it. david: kash, quickly because we're running out of time. i have to ask you about the $10 billion waiver the sanctions waiver for iran because we know there was this guy rob ma malloy and he's been suspended because of possibility he may have traded intel with the iranian counter parts. is that -- he may be gone, but is that tilt, that sort of pro iranian tilt still present in the state department? >> oh, yeah, joe biden brought back everybody, rob malloy and everybody that gave iran a pathway to nuclear weapon and joe biden gave them $6 billion a month ago and now giving them another $10 billion and they're going to use it for terrorism and weapons enhancements and nuclear programs, and i wrote an op ed not just about robert malloy but those that infill straited the biden, justice and state department and caught exchanging letter withs the

iranian regime asking for permission. this is who's in charge of defending our nation against the world's largest sponsor of terrorism, iran. david: i don't like to say it's scary. i don't like that word scary because fear is a bad thing to get involved in, but it's of great concern to us all. kash patel, thank you for being here. appreciate it. shifting to the u.s. economy, president biden suggesting that we americans are confused about bidenomics, that we all have a disconnect. his word, between the reality of bidenomics and what we think about it. i'm a little confused as i'm sure you are about what he actually meant so we thought we'd bring in fox business' grady trimble in dc to straighten this all out about it. grady. >> david, we'll play his exact words in a minute, maybe you can make sense of it. first start with how voters feel about the chips act. our latest polling shows they think the economy is in bad shape, but also they think it'll get worse so let's start with the current state of the economy, only 17% opportunistic voters in our latest fox news

poll say the economy's in good shape. a whopping 78% rate the economy as fair or poor. when our fox news pollsters asked if they turned a corner, more than two-thirds are pes middle ear space -- pessimistic and two-thirds think the worst is over and two-thirds responded no. no matter what issue you focus in on, voters are unhappy with president biden but look at numbers on the economy and inflation specifically. 65% of voters did disapprove of his handling of the economy and 69% disapprove ovhis handling of inflation and now the president is saying he knows it. >> i acknowledge there's a disconnect between the numbers and how people feel about their place in the world right now. we can deal with the second part as well. we still have work to do, but our model for grow asking

delivering real results for all americans. >> okay, so president biden says we still have work to do. the question is will the american people give him time to do that work and election one year away, voters overwhelmingly prefer republicans to handle some of the most pressing issues of today and whether it's the border, crime, or inflation. that all according to our polls, david. david: grady trimble, good to see you, thank you very much. let's bring in steve moore, committee to unleash prosperity, free come works chief economist and author of govzilla. love that title. steve, good to see you. the problem with america is not bidenomics, it's americans themselves who have this disconnect between the reality of what biden sees as goodness of bidenomics and the reality that they see. but it ain't working. 78% think the economy is only fair or poor.

89% are still concerned about inflation. who's right? >> el w the problem for the biden administration think it's just a messaging problem. , david. they're living this kind of weird washington dc bubble where all the media is saying everything is going so well. i live in washington dc bubble, and there's not a big recession here. things are going fine in washington. it's when you get out into mainstream america that people aren't feeling the love, david, i know that because i travel a lot and people -- they're angry about what's happening that their own personal finances. you know, look, the fact is that despite the fact that inflation numbers have come down, people are still a lot poorer than they were two years ago, david. we don't know exactly but by about $2-$3,000 per family poorer. the other thing i want to mention is when you look at nation's finances right now, i mean you don't have to be an economist, don't have to be a business expert to realize what

we're doing is catastrophically wrong. i think americans get it. they look at these num numbers d see $2 trillion and that's such a huge number. it's almost incomprehensible and people don't understand how we get out of this. david, what's the biden plan for getting out of this? david: more of the same. more of the same. >> exactly. david: he just announced it, another $6 billion on some green energy program that neither senator cramer nor i could understand. we couldn't figure that out. by the way, your comment about the bubble is so astute because i remember in 2009 very well, my parents were living in washington at the time and i went there quite a bit to see them. it was horrible, terrible recession for the rest of the country. washington was booming. restaurants were filled. all the money was still there so they do live in this bubble. i've got to ask you though, there is a disconnect, i'll put it, between two sets of traders. one that wall street trader who really think this economy is

going to avoid a recession that will have that sort of soft landing that we keep hearing about, and then the oil traders who believe that a recession is coming. we can put up a chart where we see that disconnect between the stock traders and that's the green line. you see that going way up and see how they intersect right there, right in the middle of the graph where the oil trade is going down. who's right here? oil traders believe we're in for a recession or stock traders that think we can avoid it? >> i've always been very hesitant to predict a recession. i did not -- i was not one of the economists at the beginning of this year that predicted a recession. look, i -- it's always a bad thing, david, you and i have been in this business a long time to underestimate the resiliency of our economy; right, even when washington throws everything they have at it as biden has, higher taxes, more regulation, shutting off energy. somehow our businesses find a

way to push through and it's amazing and really impressive. i'm not gonna say we're headed to a e are session. i want to see america do as well as possible. i'm wondering where the growth is going to come from in this environment and let's not forget, what biden is putting on the table, this is critically important that people don't forget that his agenda if he were to get a second term, is to massively increase the taxes on investment, on workers, capital gains, which would in my opinion do severe, severe damage in the u.s. economy. david: one of the reasons why you can't sell america short is because we are a republic, we're republic with 50 step rat states, each -- separate states and each one with their own economic system, own little economic puzzle -- you pointed out earlier this week comparing california to florida. that in fact there's a huge difference in the amount of taxes that people pay per capita. of course the top four states, new york, new jersey, connecticut, and california. the highest paying states are

all democrat run. so people are leaving. people are going to florida. you have this massive exodus. wall street itself might pull out their stakes and move to florida or texas; right? >> yeah, you just saw another big store, you saw jeff bezos leave washington state for florida. i'm in florida by the way right now. i guarantee you there's no recession here. people are flocking to this state. you've seen major people like carl icahn and others moving to florida. i think you put your finger on it. really right now the united states is two countries, and the real question on the ballot in 2024 is do you want america to look like florida or do you want it to look like new york and california? david: bingo. >> in my opinion, they're disaster areas. david: something that governor desantis should have said over and over and i don't think he did it enough. >> he's got one more shot. one more shot. david: he still hasn't got it yet. steve, great to see you. thank you so much for being

here. appreciate it. coming up, biden and president xi's meeting is just over but did the chinese president get what he came for? we're going to be asking michael pills bur reigns leading, senioe continue. ♪

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david: what exactly did president xi come here for and did he get it? let's ask michael pills bury, senior fellow for chinese strategy and author of 100 year marathon, chinese secret strategy to replace america as the global super power. start right there, michael. that's what they're after and the question is are they any closer towards that goal now than before they came here? >> i think the chinese are pleased and they got what they wanted. i'll tell you what it was. you reminded me of a time when xi jinping met for steak dinner with president trump in buenos aires, and according to the notes of the mead meeting i was given, the first thing xi jinping said to trump was we are not pursuing 100 year marathon, we don't have a secret strategy and we don't want to replace you. so everybody in the room knew

which book >> i ping was trying to -- xi jinping was trying to rebut. they're continuing the marathon and they've been hurting the past year, the level of foreign investment and level of american investment in high-tech soak torrs in -- sectors in china has been going down. what xi wanted to happen did happen. it was the dinner with the ceos and high-tech companies because the message of the summit from the white house seems to be xi jinping is not that bad. china is not that bad. you know, you didn't hear genocide of the weeingers, didn't hear jimmy lye in the hong kong prison for two years now. david: or the millions of people around the world who lost their lives because of covid, which was passed onto the world thanks to the chinese. >> you're stealing my next point. you didn't hear anything about that either. so it's quite a long list of things that the biden side did

not raise, and in some spence they are -- sense they're endorsing xi jinping as a decent place to invest. they did not boycott the dinner, you know, some biden team did go to the dinner. so the message to the investment community on wall street is if you had doubts about investing in china in the past, don't worry about it now. everything's okay. you can go ahead and invest. i think that's what's going to happen. so xi jinping is obviously thrilled by the result. the other thing he wanted was reassurances on taiwan. everybody knows thanksgiving there's about a $-- there's about a $19 billion backlog of weapons and taiwan essentially paid for or committed and have not been delivered now for several years. so xi jinping does not want them to be delivered ever. looks like the biden team is all too happy to slew down -- or not push ahead these weapons. a lot of them are jet fighters,

f16 jet fighters. taiwan bought 66 of them for about $8 billion as i recall. they just haven't been transferred. not to mention training and other issues. so these are the two big things xi jinping wanted. american investment and no action on taiwan arm sales. david: to that meeting with all the ceos, american ceos and wall street journal had the best headline in editorial saying u.s. ceo on the chinese menu. again, they stood up and gave them a resounding standing ovation for doing zero. doing nothing. i do want to ask you about one thing, these empty promises he's making on fentanyl and on climate change too, we know how many coal plants they're building but on fentanyl in particular, that's hitting americans harder than anything else that is now imported that would be positive from china is the death and destruction because of fentanyl.

how can we be getting any assurance from them we'd believe in that they're cutting back on those precursor materials used for fentanyl? >> it's a great question and a simple answer, they need to arrest the chinese citizens involved in money laundering and sale of precursors, and any chinese citizen breaking chinese law should be arrested immediately. as near as i can tell, that's not happening, and xi jinping did not promise to do that. he promised to go back to what they were doing with president trump about four years ago, making fentanyl a controlled subtans in china, making it harder to move around. not to actually arrest people immediately and refer them for prosecution. david: anybody who believes we'd be allow intoed the laboratories that produce this stuff should remember what happen when had we tried to get into wuhan lab, even who as much kowtowing they did into the chinese government, they couldn't get into the labss

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david: enjoy your weekend. tune in monday and we'll be speaking to senator mark wayne mull and claudia tenney and charlie hurt here at 4:00 p.m. eastern on fox business. first, watch liz macdonald. she's upright now. elizabeth: so good, david. that was a great show. thank you so much. good to see you. this story coming in right a