stock exchange, erin brown is the head of asset allocation at ubs, josh brown joining us as well we've got tariffs coming down the pike on china, stocks are having their worst day since february 8th >> vix pushing up to 22, that kind of level, judge, you and i talked upstairs about whether or not when the president's -- the unknown of what the president is going to present we know it's going to be about $50 billion in tariffs we of course can only speculate as to what the reaction will be from china the counterpunch, if you will. but i think there's the possibility at the bottom of the hour that the market reacts to this news not in the same way that it's been reacting while it's unknown in other words, once we know how -- which industry groups are going to be impacted by this, i think then we're more likely to see a potential for maybe not taking it all back, but for some sort of bounce we'll see. >> the dow, erin, is down a full 2% as we speak we'll call it 500 points we just eclipsed the 500-point decline. >> i think what will be important this afternoon is whether he imposes or proposes the tariffs. if it's propos