position on that piece of legislation at this point. but he is continuing to have conversations and is going to continue to be engaged with members of congress across the board. >> the attorney general, jeff sessions, was due to be at the white house today. did the president have an opportunity to speak to him while he was here? >> not that i'm aware of. >> moving on to gun violence prevention. the president said yesterday that he would sign a bill and then he said, i will call whoever you want me to if i like what you're doing. if senators, if the house passes a bill that does deal with safety, gun violence, is the president committed to signing whatever they pass? >> the president is not going to unilaterally say without seeing the piece of legislation but he does want congress to come together and put forward a piece of legislation that addresses the safety in schools and gun

violence specifically. he laid out a number of things he'd like to see in that. we're hoping that congress will continue working with us and put a strong piece of legislation forward. i'm going to take one last question. hold on. the president is headed over to speak at the opioid summit here momentarily. sarah? >> so according to the white house, there were reports this morning between south korean president moon. moon briefed him on the inter-korean talks. the south korean government says they plan to send a special envoy soon. how does the president feel? does he feel that president moon is being too soft on north korea? >> the president wants to continue working with south korea as a strong ally. we have no daylight between the two of us. we're going to continue those conversations. the ultimate goal is to

denuclearize the peninsula. that's what we're focussed on and we're excited about the steps in that process. thanks, guys. i'm going to move out. the president will speak in just a couple minutes. >> shepard: that really was new information. we didn't realize the president was intoing to speak at the opioid conference. we'll get to john roberts regarding the tariffs, the protectionism as it was prescribed there, the 10%, the 20%. the canadians are balking, the europeans are balking. the dow is done 523 points. it's not gone over well. the president said that he will slam tariffs on steel and aluminum. john roberts is there getting ready to come to us. at the president the made made his announcement. it began a fall-off at 12:37 and making its way down.

there's more to it than that. john roberts is in the room now. ready to go. what was your headline, john? >> i think the steel is the headline. one of the reasons why, we were told the president was going to announce the tariffs against foreign steel and foreign aluminum that has been dumped into the country for a decade. then we were told they were going to put it off and they didn't want to make an announcement before they came up with the details. at this meeting that the president had with the steel and aluminum companies ceos, the president said we're going to announce the punitives tariffs. at the end of the meeting, he said 10% for aluminum and 25% for steel. the final details, the finer details, have not yet been worked out. will there be exemptions, will any countries be exempted. this is what is throwing the

markets into a tizzie. the dow was down 500 points. it settled back to 475. and then rob portman, the senator from ohio, saying well, the president jumped the gun. we don't know what to make of it. "the washington post" or "the new york times" now reporting that one of the ceos in the meeting said the president doesn't want to see any exemptions. it's thrown confusions into the markets. he came out with a dramatic announcement consistent with everything he said but without knowing more details, we don't know the impact. some of america's closest allies including canada, britain, germany, are a little freaked out about this whole thing. not knowing how it will affect their economy, shep. >> shepard: john roberts at the white house. gerri willis is with us. explain this reaction. >> tariff means tax. think of it that way. steel coming in from, say,

china. we don't know yet. but china would have another tax on it so people wouldn't buy chinese steel. that's how it works. big impacts all over the markets here. we were down as much as 587 points as you been saying. it's not just steel companies that are impacted here. car companies, boeing, g.m., ford. they use aluminum and steel in their products. you talk to them, oh, we buy u.s. steel and aluminum. they buy more than that. this will push prices higher. think about this. what if we get into a trade war? now china says, you know what? we're not going to allow intel chips in here without a great big fat old tax or tariff on it. what happens to u.s. technology products? that's what you're seeing on the nasdaq and a lot of the tech companies, even today amazon is down. that tells you something.

>> 29 of the dow 30 are down. only verizon is up. one of the things -- we know there was downward pressure on the market. there's upward pressure on inflation. it all came together to make turmoil. the vix as they call it, the gauge of people -- >> fear. >> the fear gauge. that was way up. >> yeah, that's been going up. this could have a very big impact very quickly. nothing has been signed. we don't know what countries are targeted. already, let me show you something. we're getting statements from people like finance committee chairman orrin hatch. he shade this is tax hike on american people. they don't need it. i encourage the president to carefully consider of raising the cost of steel and aluminum. >> a lot of republicans and conservatives have been saying this is a tax.

canadians hate it. >> auto dealers don't like it. >> the european unions hate it. american consumers may be for it, but when the cost of the car goes up 15%, i guess -- >> depends. >> shepard: we don't know what will happen. that's the problem here. isn't it? it's the uncertainty. the markets don't know what this means. it's reacting in the negative. it's not going to be great news for a lot of companies and it's going to rebound with higher prices. we haven't seen inflation. that's what you're seeing in the markets, fear. >> shepard: is there something that could stablize this? what kind of thing -- >> guess what? we're not going to be doing the tariffs. >> shepard: he could. yesterday he said collect the guns and then says go due process. that will get walked back. this could get fine tined and

cajoled. >> bush put a tariff on steel too. >> shepard: let's go the karen with the "wall street journal." what is your take on this? >> everybody is worried about inflation the all of the manufacturers will quickly raise prices 10 to 25% because why not? that feeds through the whole economy. cars, dishwashers, everything. it feeds into prices. the market is very worried about inflation because that's what's going to get the federal reserve to raise interest rates. the volatility we've seen has all been about inflation and the fed. now president trump just said oh, here's something else that will make the fed raise rates more because they're worried about inflation. >> and there's bonds as well. >> bonds have been super low. some argue that bonds are

riskier than stocks. people are buying bonds today because they're nervous. what really happens, bonds go up. when yield goes up, prices go down and people lose march. >> and the president said i'm trying to protect our american worker. we've lost the steel industry and aluminum industry. we want to protect our workers. there's unintended consequences. >> so this is all a balancing act. yeah, if this was to create thousands of jobs and juice big parts of the country, you could justify the pain in the economy. the problem is, these industries are small right now in the u.s. of course, the u.s. economy is really at a tipping point between inflation picking up again and the worries around that. it not a great time for this. >> shepard: there's turmoil in the white house. a lot of movement and things happening there. in the middle of the turmoil, the president announces that he's running for re-election and

tells us his campaign manager. the one thing the republicans must hold on to is a good economy and good market and stable inflation. what is this? >> it's interesting. democrat, republican, how is he coming down here? it is the tried and true montra of republicans that you don't do this exact kind of thing. let me tell you who is behind this. pet peter navarro and wilbur ross. he owned company called the international -- >> shepard: excuse me. the president has come to the microphone. an opioid conference at the white house. we knew the opioid conference was going on. the president on our schedule or the white house schedule was no scheduled to speak but alast he is. let's listen. >> it's an honor to be with you. i said i was going to stop over and say hello to great families and friends. some friends that have had some

incredible difficulty. i know what you're going through. melania is here someplace. where is our first lady? where is she? where is melania? hello, darling. she feels so strongly about it. kel kellyann feels so strongly about it. a friend of mine, steve -- steve had some big difficulty. he went through -- come on up here. steve has been one of my great friends over the years. tremendously successful man. would you want to discuss this? we're among friends here. you know? it's a tough thing to discuss. i was there when he was going through something with a very special boy, right? >> yes. >> go ahead.

>> i remember the hug you gave me when i felt always lost. i listened to eric's story. i lost my son in 2011. he didn't buy drugs on dark net. he bought drugs on the internet. a website owned by three of the largest u.s. corporations in the country today. so it's not just the dark net. he was a great kid. he detoxed the first night with me. he was my special child. if i lost him -- i always felt hopeless before you were elected. i have never lobbied my friend about anything. i just supported you. i so believe in you. if my son knew that you were going to take up this battle, oh, my gosh, he must be upstairs applauding every day. i'm so grateful. >> thank you. [applause]

>> and steve went through something that he thought everything was perfect. he thought he was recovered. out of nowhere, he got very bad news. the administration will be rolling out policy the next three weeks and it will be very, very strong. i've always spoken with jeff about bringing a lawsuit against some of these opioid companies. what they're doing and the way the distribution. you have people that go to the hospital with a broken arm and they come out and they're addicted. they're addicted to painkillers and they don't know what happened. they go in for something minor and they come out and they're in serious shape. so we're going to very much, as you know -- i think we've been involved more than any administration by far.

it's a problem that is growing. drugs are similar but different problem in the sense that we have pushers and we have drug dealers that don't -- they kill behinds and hundreds of people. most of them don't go to jail. if you shoot one person, they give you life, the death penalty. these people can kill 2,000, 3,000 people and nothing happens to them. we need strength with respect to the pushers and to the drug dealers. if we don't do that, you'll never solve the problem. if you want to be weak, talk about blue ribbon committees, that's not the answer. the answer is to have strength and toughness. the drug dealers, the drug pushers are -- they're really doing damage. really doing damage. some countries have a very, very tough penalty, the ultimate penalty. by the way, they've have much

less of a drug problem than we do. so we're going to have to be very strong on penalties. hopefully we can do some litigation against the opioid companies. i think it's very important. because a lot of states are doing it. i keep saying if the states are doing it, why isn't the federal government doing it? so that will happen. so that will happen. and meantime, i just want to pay my respects to everybody. some of you have gone through a lot. many of you in this room have gone through a lot. more than anyone can imagine. we're with you 100%. we're fighting for you and water going to win. thank you very much. thank you, everybody. [applause] >> shepard: he said he would make opioids a focus.

there's nothing to bring something more than anything than the president of the united states walking in a room and talk about it. he's done that. to the degree that this opioid crisis needs attention across our nation, this president just brought a lot there. an important conference at the white house. he said he's going to make opioids a focus. he talked about talking to jeff, talking about jeff sessions, the attorney general. the discussion at this moment of bringing some sort of lawsuit against those that created these products and then according to testimony, at least, may have not been straight up with doctors ant what was going on there. let's bring in nicholas johnson, editor and chief at axios. he's talked about this to some degree. what action has there been? >> two things that jumped out. what is interesting is he talked about tougher penalty on drug dealing. president the president talks privately, he talks about having the death penalty for drug dealers taking a very hard line. very closely flicked at that.

saying a lot of countries are much harder on drug dealers. that was note worthy saying that publicly. the lawsuit is a huge deal. going after -- using the justice department to go after opioid manufacturers same already the way the government went after the tobacco industry in the 90s. that's ramping up the pressure. two i think big things that the administration will be doing. we saw the president just talk about them right now. >> mississippi attorney general that got the tobacco lawsuit that is in on this. they have high power in there jared kushner's family real estate business got more than $100 billion in loans after kushner met with financial executives at the white house. kushner did not deny the meetings took place. he said he has nothing to do with the loans. one of them came from apollo global management. that's interesting. one of the founders was

apparently advising the administration on infrastructure and he reportedly met several times with jared kushner and discussed the possibility of getting a job at the white house. that never happened. in november, the company loaned $184 million to the kushner companies. a spokeswoman for apollo telling fox news the executive was not involved with the money. the times report that kushner met with the ceo of citigroup to talk about the trump's administrations finance and trade policy. after that, kushner's family business received a $325 million loan. a spokeswoman for citigroup tells fox news, the ceo was never involved with the tran action. this week the president's son-in-law and senior adviser lost access to intelligence after working with a temporary clearance for more than a year. "washington post" reported that officials from four countries talked about how they could manipulate jared kushner because of his complex business

arrangements and debt and lack of experience. there's a lot there. jared kushner has not been charged with anything. he's having difficulties. >> it's the appearances that are troublesome to people. in every administration, there's businessmen, wealthy people of all kinds of business interests this struggle to divest himself. what is impressive in this situation is the scope of the business and kushner's involvement in it. it's plausible that in each of these instances these were completely separate business things. from an ethical stand point, you don't want that and he would be recusing himself from those things. what these stories are pulling out, these are still somewhat connected and where the lines regin and drawn. >> shepard: i read an editorial this morning of the "wall street

journal" and sounded like it's suggesting maybe the kushners should come back to new york. to not for any reason, it's difficult to operate in the white house with family members. >> it's unprecedented. the "wall street journal" editorial is interesting. rupert murdock is a friend of the kushners and president trump. so we thought it was an interesting signal -- >> shepard: i don't know about that. there's no input here on this. an -- >> you're not on the editorial page. >> shepard: i'm definitely not there. one more thing. are you still getting the access that you got before you started breaking the stories in the white house or has that been shut down? >> we still try to talk to as many people as we can. our ceo likes to say what is amazing about the trump while house, everybody looks inand

including president himself. >> shepard: all right. ahead, the newest shakeup in the trump administration as the president loses his long-time aide, hope hicks. she had been with him for three years. most recently as his communications director. a day after she testified before the house intelligence committee, she's announced she's leaving. we're told there's no connection. what may mean for the trump white house coming up from the fox news deck on this thursday afternoon.

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you know what's not awesome? gig-speed internet. when only certain people can get it. let's fix that. let's give this guy gig- really? and these kids, and these guys, him, ah. oh hello. that lady, these houses! yes, yes and yes. and don't forget about them. uh huh, sure. still yes! xfinity delivers gig speed to more homes than anyone. now you can get it, too. welcome to the party. >> shepard: we're waiting to hear who might take over as the white house communications director now that hope hicks is leaving. she's one of the closest aides. she announced her resignation a day after she reportedly told a

house intelligence committee that sometimes she tells white lies for president trump. but nothing related to the russia investigation. white house officials say hope hicks decision had nothing to do with her testimony and she had been thinking about leaving for white awhile. let's go the ken thomas from the associated press. that's a love job. and in this white house, it's like herding cats around there. and she's so good at it. >> yeah, it's hard to overstate hope hicks influence on the president and within this white house. she's one of the originals. she's someone that was with the president when he first launched his presidential campaign. it's been three years basically. she's someone that has always been around to understand the president's thinking on issues and help translate it to the outer community and country.

i think it caught a lot of people by surprise. she's someone that was viewed as an aide that might be with the president until the end of his presidency. >> shepard: you wonder where things are with bob mueller. from your reporting and others, when the family was on the jet and they were crafting a response what was going on with the russian interpreter, that hope hicks was a part of it. the explanation lacked basis and fact. then the more recent scandal at the white house. a man with whom she had an affair. just on and on. a lot had piled up. >> yeah, her role is one that is -- it gave her access in a position that put her in a room in a lot of key times and important moments. you know, her views and what she's observed is of key interest to the mueller panel

right now. so the white house said that this has nothing to do with any of that. it had nothing to do with the nine-hour testimony before the house intelligence committee yesterday or the porter situation. something that she had been thinking about for a long time. the timing is certain liqueur -- certainly curious to a lot of people. >> shepard: are there any names that are in the hop something. >> mercedes schlepp is said to be someone that worked in the bush white house, has a lot of experience and is the spouse of matt schlepp, very prominent here in washington as the head of the american conservative union, the group that runs cpac. she's someone that is viewed as a contender right now for that

larger role. it's possible they could be looking outside. as you know, hope was the fourth communications director for this white house. there's a thinking that it's going to be difficult to get an outsider to come in given all of the turmoil and issues that we've seen here. >> shepard: there's reporting today most recently from buzz feed and others that others are looking to get out. do we -- is there a reporting on who it might be or is this palace intrigue? >> well, there's palace intrigue, certainly. aides that have told me that the hope hicks decision is connected to other things that we've seen. we had a top aide to jared kushner announce the other day he was leaving. you know, we also a this decision on security clearances. so all of these things appear to be interlinked. it's hard to know who might be the next to leave. it's undeniable.

we've had a lot of shakeups and we're a year in. >> shepard: things start beginning about right now and going to rest of the afternoon. we'll keep an eye on things. ken, thanks. >> thank you. >> shepard: vladimir putin claims russia has a series of nuclear weapons that the enemies can not intercept and he can hit anywhere on the planet, got a nuclear backing and our defenses are no good. he says that makes nato's defense system useless. the president boasted about it in the state of the nation address. any of it true? i don't know. putin said the efforts are proof that attempts to stop them have failed. >> nobody has listened to us. you listen to us now. >> he did not ride a horse without a shirt or wrangle any

animals. president putin's missile is not operational at all and it's sort of in his head, more in r&d stage. the one expert warns the united states has limited capacity to defend against cruise missiles anyway like the one that putin claims to have. the pentagon rereleased a new nuclear strategy warning of the russian threat. let's go to rich edson. what are they saying about this? >> they said they watched the address with great interest. and one showing florida animation. there's another one that showed a cruise missile going around the world, evading all sorts of systems and looking like it was approaching the west coast of the united states. a senior official said it was deeply unfortunate to watch a nuclear attack on the u.s. and it's not the behavior of a

responsible international player. the state department briefing that just concluded, more criticism for this speech. >> we don't think that kind of imagery seeing the portrayal in a cheesy video of that kind of attack being conducted on the united states as being a responsible action. >> the state department says putin acknowledged that the country has been attempting to circumvent a treaty with the u.s. and russian. in less than three weeks, there's the russian presidential election. there's major obstacles. this speech not helping. on top of that, all going on in syria. russia is backing the assad regime there. the u.s. wants to stop the fighting there and has thus far been unsuccessful and holding russia responsible for that.

>> shepard: thanks, rich. ahead, the gun debate. republicans are pushing back against the president and the senate majority leader will not bring up the issue next week. we'll head to capitol hill for the gun debate. that's coming up.

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tell your doctor about all the medicines you take and if you're pregnant or planning to be. ♪ otezla. show more of you. >> i'm lea gabrielle with a fox report. rescuers in dallas saving someone stuck in flood waters. they pulled a person out of a s.u.v. and walked along a pipe to safety. the national weather service issued flash flood warnings for several counties in texas. farmer bro? remember him? he wrote a judge asking for lenien leniency. in august, a jury convicted him of securities fraud. he's known for hiking up the price of a life-saving drug when he was a pharmaceutical executive. in his letter, he called himself a fool but thought he had potential. sentencing set for march 9.

a russian presidential candidate throwing water in her opponent's face. she called him a vulgar woman from the street and told her to shut up. he went on to call her a prostitute. the news continues with shep after this. we're invested in creating the world's first state-of-the-art drone testing facility in central new york and the mohawk valley, which marks the start of our nation's first 50-mile unmanned flight corridor. and allows us to attract the world's top drone talent. all across new york state, we're building the new new york. to grow your business with us in new york state, visit esd.ny.gov.

>> a couple more major retailers placing new restrictions on gun sales. walmart, the biggest gun seller in the u.s., announcing they will no longer sell any gun to anyone under 21. the retail giant also reporting they're no longer selling any items that resemble what they call assault-style weapons. that includes toys and air guns. walmart's move came after the ceo of dick's sporting goods said his stores will stop selling assault-style rifles. the sporting goods chain requiring gun buyers to be 21 regardless of local laws. things are changing. this morning, kroger joined the club. you're thinking that's a grocery store. but they have another arm.

executives there raising the minimum age to 21 to buy guns at its fred meyer storrs. they say they won't take special orders for assault-style rifles in alaska. the last state where that was still possible through fred meyer. all of this coming on heels of a couple of weeks ago when the high school massacre in south florida. phil keating has the news. he's leave on scene in parkland. hi, phil. >> hi, shep. state prosecutors are expected to present their criminal case against nikolas cruz to a broward county grand jury perhaps mid week. cruz remains in jail without bond. a grand jury indictment would formally charge cruz with 17 counts of murder and 16 attempted murder counts. in broward, the state at the present time typically presents evidence for all first degree murder and police shooting cases even when there's a heavily

reported full confession. the republican-controlled house in tallahassee has issued subpoenaed for the coral springs p.d. and the sheriff's department. lawmakers want to analyze everything about the law enforcement response and how this murder could have been prevented. and the call for sheriff to resign. about 100 ministers and supporters of the sheriff, scott israel, held a prayer rally in support of him to stand by him. cameras were not allowed inside, but sheriff scott israel was there but clearly he snuck in. >> shepard: day two of the students being back in school. what are you hearing from them? >> still hard. still emotional. definitely better today than yesterday, day one. the boys and girls left school just before noon.

their second of three half days. the first days back are all about student comfort, not curriculum. here's what sophomore liam keenan saw. we don't have the sound. a big helper inside the classroom, therapy dogs. 40 dogs welcomed the kids back today or yesterday. 60 dogs were on hand today. of course, plenty of young hands were there also. of the 16 people wounded in the shooting attack, three remain in the hospital but in fair condition, shep. >> shepard: phil keating in parkland, florida. broward county. mitch mcconnell says he does not plan to bring up the gun safety bill next week. yesterday the president called for a comprehensive bill at a meeting with lawmakers. it was televised and quite a thing. the number 2 senate republican, john cornyn and chris murphy are

sponsoring a more limited bill to improve the background check system. cornyn said the meeting was a brain storming session and if the senate tries to do too much, it could end up not passing anything at all. mike emanuel is live on capitol hill. one of the president's suggestions was to take weapons away from dangerous people and do the due diligence. >> you're right, shep. that raised some you brows here on capitol hill with republicans. john cornyn of texas said he was not comfortable with that comment. >> no. i'm not. obviously the president feels strongly about the mental health factor in many of these mass shootings. i think that's an appropriate focus. but i do think it's important to maintain our due process, protections for citizens against arbitrary government action. >> florida senator marco rubio spoke at length on the senate

floor floating ideas about how to improve our schools and make them safer and gun control. he floated gun violence restraining orders. >> something that will give law enforcement and close family members the option of obtaining a court order to prevent gun sales or remove guns from individuals that pose a threat. to be clear, the due process in such a situation would be on the front end, not on the back end. >> due process on the front end. that comment hit a nerve with lawmakers. >> shepard: that get together was during this hour yesterday. when the president said these things, the republicans were looking at him shell shocked. dianne feinstein was giggling with glee. >> and i was at a news conference today with chuck schumer. he was always smiles and said there's a historic opportunity to get things done. >> policies that are supported by the vast, vast majority of

the american public fed up with gun violence has now the best chance we have had in decades of becoming law, but only, only with the president's help. >> the house democratic leader issued this call for action. >> i know if the comprehensive bill came to the floor and background checks, it would win. so we're just saying to the speaker, give us a vote. >> there's many ideas floating around capitol hill in terms of gun control, mental health and making our schools safer. timing in terms of votes is unclear, shep. >> shepard: our next guest says president trump will have his own ideas to his own party. so what are they? they're next. (vo) dogs have evolved,

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met with the president. let's go to our reporters. josh letterman from the associated press observed that president trump was speaking in a policy way in as a stark of contrast to the nra as we have had. it was something to see. >> yeah, he delivered a clear message. he's ready to buck the nra and he wants fellow republicans to do the same. we haven't seen how the nra will respond, particularly if there's serious legislation that comes to the floor. that will be the rest test of that message. >> shepard: we haven't -- in your reporting, have we seen anything like this before from republicans or conservatives? >> when the manchin toomey background check came to the floor, that was a moment of grappling. we haven't seen a republican president being willing the take on the nra in quite this way

that i can recall. >> shepard: i want to play what the president said about due process. listen. i thought we had that. essentially what he saids, they were talking about when you get people and he was talking about the mental condition of the shooting. he said take the guns away first around then have due process. so you can't do that. i wonder from your reporting, has there been any clarification of that? >> you know what? i have seen on the hill is a discomfort from republicans around that statement. i'm not sure what the white house has been saying recently. that part of what he was saying does not seem peculiarly -- >> constitutional. >> yeah. a lot of concerns from republicans over what he said. >> shepard: they've been asking him, mr. president, what will you support.

was yesterday's brain storming message here's what i support? it sounded like it. >> i think that there's two camps on this. one group of people feel that it's very clear that he wants to see expanded background checks. that was the biggest take away. another camp that feels he really threw out a lot of ideas and he needs to make clear what his top priority is and try to sell it on the hill. >> shepard: is there any legislation in the works or are they wait something. >> there's tons of bills from different lawmakers. >> shepard: he wants a big beautiful bill. >> i don't think there's one big beautiful bill yet. i know senators manchin and toomey have said they're tweaking their bill from 2013 when it failed to see if they can get additional support. senator jeff flake said they're looking for tweaks to see if they can support that bill. >> shepard: it's interesting the back and forth. we just got an alert from

associated press. delta has been punished for cutting ties with the nra. they get tax deals. atlanta is atlanta because they cut these deals. now delta is there. you wonder if a delta of the world might say, memphis over there with northwest abandoning them, memphis is looking good. maybe delta can take a look somewhere else. i'm not sure the corporation will play this game in this climate. >> it's interesting the legislative activity seems stalled right now. we do see more action from the corporate front. i don't know if that will change next week on the hill. it certainly seems like they're moving faster than lawmakers are. >> shepard: so often society moves faster than politics. we'll see. >> yes, we will. >> shepard: great to talk to you. christina peterson from the "wall street journal." people from around the country

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>> shepard: remembering billy graham. lawmakers in north carolina are moving forward with plans to put a statue of him in the capitol. the statues of living people are

not allowed in the capitol, so it couldn't happen right away. reverend graham died last week. he was 99. his funeral is set for tomorrow in north carolina. fox news will have live coverage. it starts here at 11:50 a.m. and our steve harrigan is live in charlotte with more. tell us about the plans for tomorrow's services. >> shepard, the casket had made its way back from position of honor in the rotunda back here to north carolina. the pine casket. the service scheduled for noon tomorrow. likely to last 90 minutes. 2,300 guests. among them, the president and the vice president. earlier in the week, former president clinton and former president george w. bush were here. we're likely to hear from all of re-represented graham's children. it's all going to happen under a

large canvas tent. that's how billy graham got his start getting special attention in 1949 when he set up a large tent in los angeles to preach in a downtown area. shepard? >> shepard: thanks, steve. should news break out, we'll break in. breaking news changes everything on fox news channel. we've been watching the dow. at one point, the dow jones industrial average was off 2%. i think we were off somewhere around 600 points. but the story of the day has been volatility. you'll remember all of this happened on the heels of president trump discussing potential tariffs on steel and aluminum imports 25 and 10% representatively. that's a sort of -- that means higher prices. you can -- certainly protection for workers in the industries, but i economists observed that that would send prices up and the market doesn't like uncertainty. got uncertainty so it's down.

neil cavuto will have context and perspective on that from america's choice for news and information on cable. this is fox news channel.

>> it will be 25% for steel, 10% for aluminum. it will be for a long period of time. >> neil: all right. tariffs and the markets getting ready for the worst to come. i'm neil cavuto and this is "your world." stocks tanking on something did today. you know how this goes. this could reverberate to a host of other goods and industries and percentages. these are some of the companies that were benefitting from that today. virtually no other sector was on the fear that obviously the countries