. >hi t "s isnitlghsiy bune ss trepo"it whil bifgrfith and e rehera. teak !that inchlaa spsos pesibl tarfsif on 50 billionorth of acamerin u.s. sus htours after the thine chisepr tsoduc. weav te hellfatou and what ulde com ne. xt w ha trade r?wa slleetrtak fres touth at e ,open but then does a big about-cefa and mesarch hrighe by th ecl ose. >> b>haut wtbo autme? fou y are feengli consefud and maybevo aerusbout a possible trade war, we have some advice on how to protectou yro. portfoli all ttha andor m oenni "ghy tl nebusiss report" for this dnwey,esda ailpr 4 theth. e bid y gouood ineveng, evyby,od andwee.om i am a bill grfiifth. su h tashe evening off.

ctaer winlyasot n d aay for all faintf oea h ortn w ay.tod t oc sksedtartha srply lower on the onpehi tsor mningol fnglowi inch aa'snnncouene m ofew n ffris on u.s. odgos. th deow was down more tnha 050 tspoin elyar. on fegarinhi tso tbe a sfiignicant eslaca ttionha ct ouldrespad. ed.et tnet somhing haenpp ear mket m staged aor meckba, suggesting perhaps atthes invtorsay m seehe t back ndth foret bween the. u.s and hina asot nhingor me than part ofheeg ntiotiaonpress. now,t tha is allf ocoseur ulspecatn.io obutnehi tce is ain,t iwas d wile rid for stocks today. inhe t d,enhe t r dowe by 023 tspoin to 24.,264 th neqasda cmblied by 0.10 d the s&p added 30. one ofho tse tas,riff china -- wo tse thotariffs, china elita watedithro pdpose lieivs on50il bli wonorthf o goods a ydaer aft the white house mposed its own tariffs on

od.sgoe kayla tau sorts o itut for . us at aradet ath tisime for en o rita cffs,hina unveiling the revenge it would exa can the.s u. goeshe aad with the stlate s oetf tariffs, on soea, nst,whea a nd famanuctinurg, tartge ed mae'ss ar. aran adnd trump te ienntdo t fight back maybe thhe t same intseen is same sc ale. >>ep rr:orte the u.s. announced exrtpos u the.s. wldou tartge awith tariffs a pisunthmen for u.s.el intleuactl efthts,of cfee chma,ines dhisar ws wasrshe and atflee scrn tvs. while chinas i readying its strategists say iitots n t arade war yet. a>> wt weor wbory autn ier tms fth wheer tiss a megfaninul tre war, doest i afftec a u cnessondefi incen angfinayul w? doi thn't ink it's sufficient to

so. se rep ster:omehi wteou h ialciav heou d cbtedhina uld allctuay retaliate. pete nroavar says china can't fo trdiso rkts i relioatpnshi with the u.s . >> we come in peace here. ethng thi eboverydyn oal wl treet needso ter undstdans i just relax. ing y lookt anethe goatti ste urhiof tsco y,untr all these countriesha tet ar running uge tradeur sesplush wits u hao n incenvetio t rock ttha boat. rorep bter:ileratalal tks bentwee t uhe a.s.ndhi cna otr e areti sll hpeapngni binehd eth scenes. mceerre sectary wrilbu ross saheid tli pubcscalation libee pasblossieso relution. >> even shoinotg wars end with n'negoatnsio so it would beur sprinis agt l ilf the net tcouomef o all th isom se sort of a neatgotiion. twh therhat happens by may or itapnspe at some other ,time 'sthat anotherho wle tiqueson. ep>> rorr:te top tderaic offia l rtrobe lhiightzer is cveon aning

mimad-ary heinong the ritaffs, dan treasyur is sintudyghe wthet to p new trade resictrs tionin acplive ging thewo t countrie until jun tok worut o their ffdiceerens. orni "y ghtlbunesiepss ror it" amay klasc tau in inwashgt. on h>> ina's reactions i telngli inhatt iws sho tarhey e not ngtaki tshi tradetif lightly. eunice eunot alimpse into th cesehine tinhinkg when she spoke tohe t cnehiicse ve minister in ijbe ing. >>ep rr:orte i g aotdo winw toin ho the cnahi arenk thiin ag hear tiffs iy m cveonatrsnio with m ateinisrho w has ovsier oghtve ar wkiorng ougrp. he says the preostu is atth inchila wlot n be bliulyed b the states. cnoantie yld teo thut oside re.ues e we hopas bed on mutlua

sptecca we n cstonivructel y dfoun way tool sve the prm.oble r>>teeporr:e h saidsi outde esresuy onl emldbo censhina to t. he second message from the miernist iths athi cnaee ss itself ashe t htur pperorty f or pl iame, onellectua l erproptye hay ssha thit cna is making proesgrsn ont ictelleua l erpropty rights but tthahe t umtr apdmisiniotratns inl oy tangkis thi confrontational oanprch. >> iecent years,o s hdar work to pteromo ltmuilerat stsyem. think not any rn easoto blame incha for anyse cau of glolba m.pronectiis anhad tt's fact. >>ep rr:orte and finally, china e iests tariffss a anqu eal reon tseeo th u.s.'s. beijing feels it's only responding and that it' t nothe gragr.esso h veine mter sdai ttha h'shy wna chi choseo t ineclud u..scr airaf otn the stin shece tru tmp administration put cnehise

aircraftn or theili.st vehower,es d apitellhe tgh tou lk c,hina is lngeavi t dheoor .open the vice finance misinter told t chatna wouldel wcome any luding s officialnc steve mchnuinr o bobze lighthi toom c feorth furer .inegoatnsio fo "tlnighy sibu rnessept,or " i'm eunice eun in ijbein g. >> whave been throwing this rear tiffro aund aot l lately. what are they exactly and how do th work? er chemi has aef rshre feror us tonight. >>or rep ter:tariffs, thed wor ofhe ty. da atre a ?they >> it's asim sple as t aaxn o go s. yoca tnhink of it like a sales x ifou yan b wt tyheet g assessed atto cusms wnhe the goods come into theco untry. the teimse we ehe t items on ethhe s alf ttheto sret' is keba idont the price you y.pa ifferentds goo haveif dntfere ta rifftera h manye no tarfsif at all. coieuntrs useor tariffs f a etvariyf oea r.sons on reneaso is to raisemo ney. rita wffsere t mhen way for theer fedalov genernmt to raise

y.mo anhe rrneasos torotect medostic iusnds triefr fomgnorei competition. t c eaniaspecllyat mtern whe a country wantsro pmote a rowing indusytr g toiv iet a an tceo rvsuive. tasriff c baned useto punish igforenou cesntri byai rsi tnghe nafiril pce ofir theoo gds which o duldisurcoage csuonmers from bung them. ma conmesuemr its have tariffs msed onhe tmig nht including otnghies sho andcc ariessoesli leather ndhaba.gs typically arodun 10% to 15%. so ttha $200 hand bagou cldnd e upos c ytingou 30$2. clear incha's tfsarifou wld save aug hmpe iact on itrndusie that export aot l g ofoodso t cha,in aosut and rpais.lane phil luebea expinlaows n why cha'inlas pno t painful for erworks tin bhoseusesinheses re tin.she u. >>orsep at bmw' plantn i h soutcalirolmna aost one out of evyiv fe suvsom cingff the

assembly line will be loaded on o a ship and sent to incha, where it will be sold for 25% ne than the seamod meler he i th u..s anhad tt'sef bore an additional ta cnahi is proposing. hat would pus tariffs on some purla suvs inhi cna up to 50%. fa ctis,ut ao poexrt fsrom the oared over nae hav s th least de.cade an nowal tot more tn haa arqte uarter million vehicles every year. thatem d iandsne oer reasonm yssand a bmwan expdeddu proctt a their plant in the u..s if trehe is a tdera waril wl ptheyull back onin hirgor me wos?rker it tshe same queiostn being asked at beauing where it has been expanding productionn the l737ine,it whm many of the ad fedor incha, whichs i xedpect to order orve a trli donrsollan i newne plas over the next 20 years. llwier ords slowow dn if sofome the osesplan ctos 25% ?more

fonor oew, bing says it is ha assessing w tarfsif if any hina m ayimsepo, as for the aumarske theary e tg akinth e ame prap,oacht aware tha the s.nd a chinaou c sldtill avoid eth tdera war. "nhtigusly bins esrtagpo," chic >>he ptiarrcula iusndtry wldou also beat grely affected by the new fftaris. cosilin llvasey i n hotappy tabou that. josh lnipto has theirct reaion ghtonit. t>>ishis t fhe oirstf . many t>> reporter: the liss out. hemp trudm aintrisnatio folyrmalnn aouinnchig wch g roducts could hit whit es neew leve.es there are l aot .of 00 pctrodu tecaesgori, including many hh-igchte products like industrial r obots and semiconductor machinery. consumer eleroctnicsre a udincled, o,to like flat panel elevisions an certain kind of brshot electric and gas wepored. oblthy ise lt leaves out

itesith oer consumer forav keob m ileonph. th eustray ss theio actn is coenrasute with the ecominoc alan oysisf e thharmau csed by ches te'feransrf o polieics to th ue.s. onecomy. theh tec stindury 'srespseon, not ppy. the induryst'sde tra association whos mersembe iluncde app,le amonaz andmiofcrost,al clshe t affris uncoteprr-tioducve or tnghey will raisets cos f boh tec comnipandes a nscos.umer >> some woulde bt fely b mconsers immediately onri pces uc.prts y woulde b felt tghhrouhe t companies that renc iorrapoting input asnd mploying tnghinds a e peleop and fdiinng ttha thes cost that they face to do all up. hose things are going he porter: the chinese released t listf o 106.s u. ucprodts that will get new tas.riff nthere were not m tech pructs on it. l,stil arime tcanec hcoanmp ies,

evyoerrone fm appleo t hp, have ma onyhe tir productsss aemedbl iin cna and rely ones accs to th rkmaet. t so threat inremas. oncallrgr awiees thhe t dministratihat thene chise dotla paiy frhe w int comes to amican t bechute h tshinkhe smtearrpo resns teo be ordinated sse tiit whie alls ptour s.be ning,ot ritaff or "nightly business rorept," 'm jhos li,pton san frscancio. >>wo> t of the tsenet othf e rump admisiniotratn hbeave en nsicreangro gwth anded rgucin eadef diticst ae thmesati .me do thewo t god han in hand? steve liesman digs . in >> reporter: the trump niadmisttira ton'sheyorthf e trade ceasha ttra tde deficits should be reduced andt il wil elp u.s.s i sparkgin cciritism romer economists afthi cna slpedet raltoiary t oariffs 106.s u.ro pdusct in rpoestonse $50 bliilnon i.s uri. taff s edleven o chisene products the yda be.fore the miadranistti'sonw vieha t t tread ditefics are a negative

for the u.s. econy. >> we have had aig bro tblem ithrade dicefitor f ag lon lo time. hsis i t phederesintho ws i gotog get us outf o .it 'sheer detmidne to go fod.rwar nd this resnspohoe suld not allyur spreisan ne. rorep tter:roleub t forhe adstminiraonti isisth. s growth incasreesde tra fidecits increase, too. mtheore growth, theor me the s. rtimpos fromxp eenvesi o chenin wes gn ermaca trs inchese electronic. as the chart owshs,he wn the onec omyntcos,ractor impts fa,ll wh tenheco enomy booms, imposrt . bo e>hen theno ecomy itrs song w are binuyg everything, evhierytnge w produce and everything eryve eonelse . esuc >>epteorhe wn he came into fi,ce the trade deficit was 13% lses in ptarau becse the u.s. emycono gwre meorecop baus

pe boughtor me fmro roab. r "ghnibutly sissneor rept," mi've ste limaesn. >>ig craes d music joinss uo t ta meorut abo tifarfs and the sto t the u. .s tandhe consumer. he c's ehiefcominost at vingin ksspar. aicroog, gdo tee s u.yo anyok r u fojoinin g us t. hni gdooer aftno,onbi ll. c>>lylear we are still athe t ialos sta.ge maybe wall street getting eaahfd o itself. enev if wwee ore t s ee25 tariffs imsepod on bhot s,side yo slltil feeth at atoi p intt dnul't have that much of an imctpa on the onecomy. y? >>coecrrif youou ye hav a 25% tariff on $5il0 bli oonfmp idorteds goo o nuret cost isut abo $152. llion to.s uon. csursme or buneesssd an that wl ilbe abebsord by one ethos o.tw that's -- in ntcoext,s it' bt .1% of p,gd lessn tha .1%

ofp.gd just for ntcoext,t' is the equivalent of autbo27in 1 cent es.e in ginasole icpr to s t'heto t gngoi completely damagthe ece ony.om erth ae is sllmari pce that y ou fwillee l. . >> rht >> i butt' tseo th gngoi to unrmde tineheec y.onom s>>os it' at ttha prerovalbali so cuphaan tt lbwiosur rs has een hdiolngp u to talkhe t alumuminar tiffs they have been imngposi erthe. you belveie we cldou feel itf i the erwerext edendedera wars a sendcor ohi trd impitos oionf ?ftarises y >> acextly. yri isk se.ther hat's why saw t mheartske g. this moinrn th mkearrets a jitryte whent i comes toth.is th a nreotd useto thisle sty of negotiaonti , ik.thin y wouereo t see an eslaontif, iou ye wero t see tlexacyha weet s saw today, a a thimis te -- a f titorat t

respseonn the iwot beuld a erconcn. ats thi time it is not a n. rnc its we grow theno ecomy,s i se tory t to reeducra tde fidecitsotr nt the sa me ti. y>>knou ow, a trade deficit is onthe ing. wh yoo lkt a trade barriers, ar tiffs i a tdera barrier, it's somhietng that prentves eefr adtre. osivthe are negat for an omecony, negivate for the glolba ecy.onom rieyxi en st imany rms to. you can have tas, otquas, u yo hcanavehe t govnmer sentub sid size a cerinta industry hwhic mesak yournd iusytr more coetmpeitiv tnhath anoer country's. you ca hn caveurntrely .umanilaonti al of them are tinegave,he ty ig on global growth, intinovaon and thelo gbal alquofity feli. n tatol,av tares -- trade rriers are gane.tive ngtryi toanagede traic defits s dangouers,t tha reflects the s threngf your enocoermy vsu

anrothe onec omy. >>ne oth of epr enesidt' gsoals is to try to bngri more d ucod btionac tkeo th uteni tates ofha t ot'sneth of e id heaseas h in imposing these fftaris. ydonoou kwha t gt'soi tngen happ y>> mben ie somto secrs we'll se aew f jobs retu.rn you,ow right now t jheob rkmaret o the laborke marts i t we hotf o ion dno't kwha t ed th.at reermemb,he wn cnahi puts ariffs on u.s.ds goo in resespone wareos going to l .sjo t inhose inridustes so i thinks it' -- i't don kwno it is a one forne ocu callation ut cerinta wlye mightai gn a .ew bsjo mightos la few in the ocpr ess. >>ha tounk y f jorngoini us for joining uson t.ight >> t yimnkou. >> t to lkoo atom se of toy' usdepgras d angrdownad.es magoldn chsasow dngderadha sres ofrl whipo tolodayom t sell fro ral. th faym singha tthe tor n rican aanpplice itrndusyas h become fraengmted andes fac tough competition from abadro as refo cignomnipaames rp up s.pronucti tshi resnspoeo tu. tasriff on wnghi machin.es

pthericear t tgethere alsout c to35 1 from 16 and todayhi wolrlpolo csed at nk151. up7 3 centseu de tschba o iwerts ratingn o do'omins y. taool hd from bu thnae aly sst tayshathe t stsock' r uunp orvehe t last few syear mesakhe tal vonuati a littleig hndh ahe tpa comny is facing incasgin mpcoetioitn. th pcerigeart chund angeat 35$2 a share. donomi f'sellea nrly 1%o 231.45. boonee brom cpany to martke rfpe formrom underpfoerrm cgitin susirpringlytr songul restsro fm adsam am isn cider andvo flared ma ltodpr.ucts shesarin fisdhehe t day a 4.,50 up 5%. >>om> cin ugp, nowf i yreou a d concerneout a psios tblerade wa wr,vee hane o strategist onofring up potential protecti fourr yo ptfor.olio

mixed emiconocat d out y.toda yrlol processor pads sayha t t 0 ativome cpany aed 24001, bs last mthon,ha tt s waerbett th wanall stetre's exatpectio.ns wtheyer oenly loongki forbo aut 5,20000. theonnati'svirerce secto owsled a b iitn marchit wh the initst futeor supplying namantgemes non-manufacturing ndexom cin ign below estimesat anel bow uafebrry's adreing. higher pcerispeeld results at le n.ar h'satre whe weeg bin tonight's maet focus. ethe homuilderre gw ofpr its nden revues a it sold more preresti for higrhe prices. or aderslso irencased and the

ncompyai std i eecxptso t slel re homes this yearha tn itiallyth t.ough instsore lik the upbeat refo acastnden sthe t shasre up t10%o 62.82. carax mepke rorted wea arquyterl rulesndts a pfirosts a the udse car reiltaer experienced a crop inus crtome tsvisi. nureveen ie samto sre sales also saoipp.nted shares still reos 4% to 362.7 rpe share. oduw poe unne ward its agltricuur deioivisnou celd b tigavely affectedy bhe t going u.s. trade dispute whit incha. eth checamils g siantays the propedos tarfsif by china on u.s.oy sbesan could wkeean maetrkce pris dant hur u..s faerrms. esshar ofow d dtuponos re to .69. eokbo s noways asan mys a 87 their peeopl had foiniormatn ipemprorly srehad by ere farchir cmidambrge anicalyt. tth's up fm the preouvis estetima ofbo aut 50 million ers. ac fkebools a admitted that

mo ofts i users could heav had th eirofprile daat acssceed. ctheomnypa currentlyas hor me th 2il blion monthly acteiv eruss. aokcebo srehares we o aff fraction today a t15. a10 >> if thisal tkbo a aut oib tle wradear between the u. as.hind cnaas h you nuservo an wdedorriur oex ntst gueas h ome mesovha t could provide mero piotectno t yrou portfolio. injo uings nito tt,he president and market stregat ist at mtarke picatal. s good to u.yo thyoank u r foinjoing us ghtonit. . you to o,bill >>t wha dyoo u meakir fst of all hiof tse kneer jkea rnsctio ttha a sllttree seems to have every ti trehe isal tk of tbeariffs een the.s u. and incha? >> ihi ttnk i reayll fitsn i with t hemaetrk'ser pfoanrmce ov terhe f qirstuaerrt and the g beginninf the sonecard quter. look, vilolatit hyeeas bn a huge th aemellye ar. 'sit my nbeumr fne theme .2018 th jis kustind of fits in with it. ole title is um ingoupg . it b'seen supesprsed for so

ong, theol vatitily jeanne is tf othe bolett. shs e' gnotoingk bac in the ttbonyle a teim .soon were aet rurning to old lavotytili or theld o rmnoal. o regaresdls ofha wt the news e i inthlak votityli h iser to stay. rhpe napsots a gatres a w saw to day. >> righ t. ut>> b carlelyol vatitil y is f inonto ctienube to eightened a ilwhe. >> we keepal tki ang bout ndustries tha wt boulde afedfect b ayde tra warfom se ,kind riagurculte, toaus, transportationsector s, cuagrilte.ur tarehoseec storsha tt youee s pounrtsitie i onour wldou y avoid them uilnt thisng sort out?emlv es first think y hou taveo vehaom sein kdf o sebaline view haof wt you thinkhe t tfsarifwi end .up myer plsona view ishi i tnk if o et gth anying, it's going t be a wateder down vsieron a e needtiat version of what w are heangrim froot b chhina a nd the u..s right now. herare ere cta ainreas ild wou leth se mokeclr.ea nyto secrha tt's had somhaewt of a metrieoisc re ianntoi and

nisowec dnglini offf o th.at that's one of ethas are w iould t.d.oi >> all righ e.>> y mtien onedagltricuur i kthin forhe t longm ter instve ror,ea lriagcuurlte, rnco, soyins s,beany the haven't d harthei hey dayn i so long i thkint ha becomes an ity.rt u veha b tooi dl townhe sector, furige outhe w iret isi rise andig fure out where thvalue esli. th oe tneshatel mted up i'm prabobotly nnt ierteesnd i right w. > quickly th,ent wha about th a tereas of the markett ofeu ouel clde b proctteedr o wo'tuldn be affecteds a much by fftaris. kieep hrieabo aut stdomeic, lsmal and medium sized coans.ie y agree with that. >>o di. anfd i you oklo,ce sin the arket pkeeadn i lljanuary, sma psav hone deai frly well. eythld wou lagor f sevaler onthsan, hed tn tyhed kin of gopt u off the mat. eythe hav d.le it been led by sllma cap

growth. mere,mber sllma c capniompaes do he most of t busins eshein t edunit atstes. y tyheorou y would thinkhe t ar meor otprd.ecte w, i af trade war is as bad or worse than ipat's ind tet righ e tw,eehe d kinleshing ipth, sinking ship,ve einrythgs i ggoingo to wndo. rerdsslema, sllap c value, whhic hn'astad h itsay d in eth ysunets i one aare that the indudivialnv iresto sulhod at l leastk at bauecsere the shldou o bepptuoresniti gngoi ahdea a for secrto yet. >> paul, good toee s you. anthu k yofor joining us tot.nigh y>>toou o, bi.ll k >anyou. >>oming up, hamlet oenc told liopheaet go t a nunny.er she may wh ita thtonigea hd to a ernunnyha tt is now a $50 you nsn woflle wi te ak si cdeg ominup.

nafill ty,htonig arcor fmer onvent in theed fam hamptson ea of newor yty ci recently sold for a wpphoing $50 milln.io it bneeid welyep rord te that th leioatn was ownednd a redeedll by the late fonashi viconince kamu . rou robter fnkra was given a rera trou inside this sprliawng tate. >>orter: binehd these of ght iron gatesit ss one n mostxc evelusi prtropeie is the hampnsto,al cled villa maa.ri belieev it orot n the sliprawng water onfrstt eate udseo tbe a nven for catholic nuns. no iist t onhear mket for 2$7 lln.io were gngetti aar rime glpsate osomef ethn' mansiosignature e. rat ts hiheis t fstir time ho mera rsoean isll a iowedn this e. obprlyab going to be the la.st the owners purchased the

property in 0520 for $35 million. they invested an official $40 million over the coseur of six yeak m ts iing brortan c vere n h iecl'snt bep rd orteth redesi bnceelgsonth to eam fily of theat leho seesigner and uncofode orf 9we st,ce vin ka mu. ifou look up w youill see dome mported from italyt thais centuries old. thees wratulro inal bls u trades ie custom made by aen gtlanem whose job tet ioo lk like itaso hn bee heer mak for years. this column has been here to 10e ars. e masrte suite is 2700 sequar fe,ete oad up six rooms and ansphes tes wtg win of the hoe.us theofcefi. tlheni furtu wreas ctousm fde tor heho ause. it is many to evoke hampton icch. sthar mbl teub wasut c from a

si nglepie.ec itasra cned in. si >teeporr: a few wkseeft aer this excluou trhe t prtropey chdange hdsan for just under $50 lln.io lwe wlet b t buy er is riedllt tha villaar miaas w s.ar kewa vhe 9 t il e today amnt 700nt poi swing for the dohiw wch endedp u 230 points. the nasqda clikdy 100. th se&p aeddd 30. that's "nitlghsiy bune rsst"epor fo rghtonit. l.i' bbillil seu yotomorrow. -- i'm bill griffith. seyoe mou torr.ow ri

♪ ♪ this is "bbc world news america." >> funding of this presentationd ispossible by the freeman foundation, kovl foundation, pursuing solutions for america's neglected needs, and purepoint financial. >> how do we shape our tomorrow? it starts with a vision. we see its ideal form in our mind, and then we begin to chisel. we strip away everything that stands in the way to reveal new possibilities. at purepoint financial, we hav