and china playing in commodity, let's bring in scott shellady, managing director at tgm, scott, whatn simple terms and lever the big words for the guys in new york, it's a stair-down contest like playground in school. donald trump built a big store of political capital he can spend on the problem and the chinese, and for that matter, europe, have economy melting in their eyes, the farmers in the states in which we have family farm are giving capital to spend, it's not a bottomless pit and china can't watch economy melt in front of eyes forever, this is about time and whomever has the store of capital will big. lauren: give me a stairdown, scott, about the fed, what did you take about the federal reserve minutes yesterday? >> they are still worried about inflation, we have thrown a lot of things with what the president has done as of late, you see what the equity market has done since elected. and always remember, recessions have been ruined two things, inflation and the fed, we are struggling building the inflation and fed has bounds 175 and 2% and keep that, if their fed bound gets

scott shellady out of london. >>> tesla, we've been talking about it all week.rd looking for more answers on the elon musk financial plan private. so gasparino coming in on that and thoughts on musk himself. charlie is next and we'll talk some more tesla. ♪ em up or slide 'em down. so let's see. for most of you, it's lower a1c. but only a few of you are thinking about your heart. fact is, even though it helps to manage a1c, type 2 diabetes still increases your risk of a fatal heart attack or stroke. jardiance is the only type 2 diabetes pill with a lifesaving cardiovascular benefit for adults who have type 2 diabetes and heart disease, significantly reducing the risk of dying from a cardiovascular event and lowering a1c, along with diet and exercise. this really changes things. jardiance can cause serious side effects including dehydration. this may cause you to feel dizzy, faint, or lightheaded, or weak upon standing. ketoacidosis is a serious side effect that may be fatal. symptoms include nausea, vomiting, stomach pain, tiredness, and trouble breathing. stop

scott shellady, thank you so much.ho's back in the driver seat and words with maria. lauren: one more morning. neil: i do? you lose track of time. thank you very much. you are focusing on i am neil cavuto in for maria bartiromo. shall be back next week aired that focuses on trade and what's going on. interested in having a chat in the united states is enough to reverse markets kind of stagnant moving up on the news that they are going to have chat at the low level that might go to a higher level. but at least they're talking of looking to by the end of the month and iron out some of the differences. what they agree to and how they agree to it about each considers to be a victory is always in the eye of the beholder. we will get into that in the next three hours. i'm okay with that. let's take a look at what's happening on retail because wal-mart is reporting. as to whether what is happening from macy's, both out with far better than expected earnings. always the worry of what it be done for me lately or what could you

let's getted read from market watcher deirdre bolton and scott shellady. we're told it will include better wages for mexican workers, better wages down the road for american workers, keeping a lot of north american production north american. the dirty little secret increasingly over the years was not the case. will that be good enough going forward to impress skeptics of those who say the president is going too far? >> well, that is certainly a big peas of the puzzle, neil. that is the reason, cheaper labor, why so much car manufacturing had gone to mexico, basically mexican factories didn't have to pay workers as much and production costs were lower. with that equalibrium, i think that is clearly a positive. the one thing i have not yet heard about was the fact that the u.s. wanted this kind of sunset clause which is just the right to relook at any of these bilateral or trilateral, now seems like we're only talking about bilateral trade agreements every five years. that is something in the past both canada, mexico, really not wanted to be part of any agre

i want to go to market watcher scott shellady, what it means for rest of tech. talk about apple.see big ben right behind you, you're in london for those who don't know, you're a fish out of water, you don't look like a londoner, forgive me. you look like a werner but what do they think about all this in london? >> you know the tech sector for sure in the states, to coin a phrase the apple of the u.s.'s eye and something they really envy over here. they try a play a little catch-up but they have areas they do really well but slowly, surely, they think eu has to be the regulator of these big u.s. companies. david: oh, boy. >> they're coming out with regulations and fines over here which i'm sure you're aware of. david: oh, yeah. >> to take the drivers seat if they can't beat the tech sector, they want to regulate. david: this regulator or czar or czarina. because it's a woman, came down with billion dollar fines, last one against google, do you think they could turn the attention to apple and that might curb some european sales? >> no, not as much. they're more social media related

market watcher scott shellady joins us from london, scott, that seems to me to be very good news on trade one of the reasons why the dow is up, if we are holding up, we call it truce essentially on auto tariffs, what do you say? >> yeah, anything that's got to do with tariffs being lifted or less sen or anything tariff wise that makes us smile is good for markets because i've said before, donald trump has got good on tariffs and it's interesting to see europeans and chinese come to the table because they have economies that are faltering, they are going the opposite direction of the u.s., how long can china watch the economy melt in front of their eyes and things are bad in the eu as well. both sides have some or the of time frame to work with. i think the president is going to be deeper but at the end neither one of them are going to be bottomless pits. stuart: are the europeans still coming after big-tech companies wanting their money? i ask the question because they say they are going to fine our bike-tech companies if they don't remove terrorist content from the network, social networ

joining us scott shellady, tjm europe managing director. so you're over in europe. american, fine american, but you're over there in europe. the europeans are undermining these new sanctions against iran. i think they're defending their commercial interests. have i got it right? >> yeah, i mean, to some degree that is absolutely the case. i have some stories. heard anecdotal evidence of a lot of european countries quietly shutting things down two or three months ago, getting ready for end of the year, getting ready for iran sanctions because they don't want to run afoul of the u.s. publicly they're doing like they did when trump came over to say nasty things but privately behind the accepts it is a different story here. a lot of folks do support all those moves, a lot of companies support the moves but like you get done saying they are loathe to say it in public because they get beaten up over it. stuart: you said this before, what is said in public by europeans by mr. trump, is a little i different what they say in private about mr. trump, that still true, scott? i

. >>> market watcher scott shellady is with us now. 10 1/2% up from here by the end of the year if weng on trade and we still keep growing. what do you make of that? >> i could hear pelosi now. that will be economic terrorism, right? she is going to have to call sitting and it is not going to be common sense. all i have to say, even to myself, stuart, is, you look at the things that president trump has put into place and they're all common sense. and i would say to the left, what took you so long? how come this couldn't -- he is not reinventing the wheel. this could have been done, six, eight, 10 years ago but now we have to wait for donald trump to put them in place, they're taking credit for saying president obama put them in place before he got there. it is common sense reform. it is everything that you and i would have done. he is not reinventing the wheel. what took us so long. stuart: now back to my question, which is, what do you make of this projection that the s&p will be up 10 1/2% by the end of the year if we get easing on trade and we keep on growing? >> this earnings seas