week, reflect all of the pensions, there's a reason for that, we've also got fox news contributor john layfield, john, welcome to both of you, alan, you hope calmer heads prevail n. the history in china that's not always the case but they're hoping that's the case, what if they don't, i don't want to give the worst case scenario, all bets are off? >> we had a healthy rebound and great reversal last week where higher weekly close. we were only 2% from all time high in s&p, it's been recovery that we have seen many, many times before. i'm standing in an interest rate and i'm looking above me, the market is pricing in half point out here in july, so that should be beneficial to the stop market and i think that could add to the upside, we all know what's out there, we've all lived there now for going on 2 years, i think we are coupled with the possibilities, like you said smart minds should do the right thing when it comes down to it in the end. neil: interesting, you look at the market and panicked about this, they are not showing it yet and i know you reminded me there could be black-swan develop

for joining us, i am david asman, joining me today, robert wolf, caroll roth, john burnett and john layfield, president responding to a bloomberg report that cid 6 months -- said 6 months ago white house was exploring legal option to demote fed chair powell. he was asked if he is still considering firing powell. >> let's see what he does, i tell you with the euro, they have a different stance. than your folks do. david: fed is now meeting will announce a decision on interest rates tomorrow, so caroll is this is a direct threat coming from the president? >> he -- i would not say a threat, but it is a suggestion which bothered me, i like the fed to be independent and i do not think that this is a good thing, he does not have cause to remove j powell, the fact that he likes lower up rates is not cause, if you look at what is going on in europe, they have half growth rate we do, they are probably responding to fact he said he would like lower interest rates. best strategy he has is to not say anything, he could convince powell to go in the other direction. >> i agree 100% with caroll, this outra

. >> it is john layfield here. i agree with the senator from texas when he taux -- talks about this is a failure of american leadership and we are blaming mexico for this. it appears to me we have misjudged what is happening on our own border and perhaps mexico has as well. it went from a migration of mainly lone mexican workers coming to the united states to work and sending money back to their family to amnesty issue of families coming further than mexico, south-central america all the way to south america, were both governments caught unawares of this and don't have a plan? >> i think you made a very important distinction. most of the migration through mexico are of mexicans north was for economic reasons. the central americans arguably have an asylum claim which is a different sort of claim. i think one of the things that you have seen over the course of the last year is policy, initiatives out of washington that had an enforcement focus actually created incentives for people to move as quickly as they could, w

does work, let's get right to our panel, for more we have christina christina partsinevelos, and john layfield steve let me go to you first. this is an important time for farmers in america they just dodged a bullet on mexico. there are a lot of farmers in the u.s. who sent their product to mexico they were worried about the tariffs that would have kicked in on monday had the president not reached a solution with mexico on friday night but they still have china looming. are the farmers going to stick with the president? >> well they better because trump needs to win those farm states, and he won them in 2016, but you know david these have been tough times for farmers no question about it with the flooding, with the flood being excessively tight and that's led to low commodities prices and then the tariffs, so it's a difficult time for farmers, a lot of them have losses this year, and you know, so we'll see whether they stick with them but you know, farmers love trump's kind of populist appeal and you just heard that in the speech that he just gave so i'm going to answer your question and say y

ashley: quickly, john layfield, you strike me as kind of a steak and potatoes kind of guy.products? >> i am way to carnivorous. i agree with jonathan in most part because this is a 5.1 billion valuation. they're not making money yet. this is a great company, a great product but right now the valuation is out of hand. >> there are no barriers to entry. ultimately that was the thing with internet stocks, we found out that every company is an internet company. the vauluations ultimately came down. ashley: let's take a look at walmart. starting to deliver groceries right into your fridge. susan: creepy. ashley: who is going to let someone into your house to drop off your groceries? susan: they are starting in kansas city, pittsburgh, vero beach will be the first to offer this. these delivery personnel, they will have strapped-on body cameras when they go into your home to put your eggs, milk and whatnot into your fridge. don't forget, walmart is the largest grocery retailer, believe it or not, and yes, online purchases only make up right now 5% for the $1 billion grocery market

joining me on panel, scotty martin, susan lee, john layfield and mark waters, president trump touting robust economic growth under his administration as he kicked off his reelection bid in orlando. >> since my inauguration we added 16 thousand manufacturing jobs a month. that did not happen by accident. remember the statement from the previous administration? you need a magic wand to bring back manufacturing. well, we'll tell sleepy joe that we found that magic wand. >> former vice president joe biden and 2020 frontrunner said not so fast, tweeting this, let's be clear, trump inherited a growing economy from the obama-biden administration, now he? process of squandering it, so, panel on, to you, do you think that mr. biden has any validity in what he is tweeting? >> i think he has some. the president obama did give a decent economy to president trump with a job growth 2 million a year, but president trump does deserve a lot of credit for extending a long bull market and a long growth in the economy, with the tax cut and cut in regulation, ien to like the trade war -- i don't like trad

we have layfield reports ceo, john layfield.ohn, there are a lot of factors not least of which federal reserve rate cut next month but this china thing, added to it, let's say we get a deal, and it happens maybe soon, maybe at the g20 summit or, broad parameters of a deal. then what? >> i don't think we'll get a deal. similar to what we had in december in argentina. the hope we'll get a deal. if we get a deal, neil, to your point, any deal at all to me will be buoyant to the market because the market want a deal. i don't think necessarily will be a good deal. doesn't have to be a good deal. it has to have president trump say he won. president she say they won. walk away to get rid of trade war. the market is incredibly buoyant because economy is so strong. look at all things going on in the world, iranian crisis, brexit deadline looming what is going on in china. this market approaches new highs. this market wants to move higher. i think it will, get any type of deal or clarity out of this meeting. neil: you have a number of fed

joining me on panel, scotty martin, susan lee, john layfield and mark waters, president trump toutingistration as he kicked off his reelection bid in orlando. >> since my inauguration we added 16 thousand manufacturing jobs a month. that did not happen by accident. remember the statement from the previous

joining me on the panel our all-star team, jonathan, and john layfield. be

joining me on the panel our all-star team, jonathan, and john layfield. bernie sanders is laying out the most ambitious proposal yet to address student loan debt of any of the 25 democrats running for president. here is how he plans to paper. >> our proposal which cost two-point to trillion over ten years will be fully paid for by a tax on wall street speculation similar to what exists in dozens of countries around the world the american people bailed out wall street now it is time for wall street to come to the aid of the middle class of this country. kristina: panel, is it worth filling out student loan debt of the expense of our friendly investors? >> it's quite that the world series of poker is going on now in vegas. because what we have is the world series of socialist poker now, elizabeth warren starts out, i'll bet 600 billion and now we have bernie sanders saying i'll raise you to two-point to trillion. he lied today, this is not about wall street, this is about every investor who's going to pay for it and pay for on trade and pay through through

joining me on the panel is carol roth, robert wolf, john layfield and mark water. new reaction now from republican lawmakers on using tariffs to force mexico to stop the flow of illegal immigrants into the u.s. listen. >> i think it was not a setback from the standpoint of how hard i'm going to work to get usmca passed so the president can have a big victory, but it makes it more difficult. >> there is not much support in my conference for tariffs, that's for sure. >> -- [inaudible] -- tariff will have a negligible impact. if we go to a 25% tariff, that's a whole different story -- [inaudible] -- our economy badly. i don't think we will get there. i don't. david: so mark, republicans are divided on this, but do you think the president's on the right track? >> i do. this is not a trade dispute. this is about national security. and if we were dealing with a country that was not one of our close allies and neighbors, we would have a different term for this -- for these actions. they would be called sanctions. but in this case, the president is using an economic incent

for joining us, i am david asman, joining me today, robert wolf, caroll roth, john burnett and john layfielding to a bloomberg report that cid 6 months -- said 6 months ago white house was exploring legal option to demote fed chair powell. he was asked if he is still

. >> if i was a billionaire like john layfield, i would say yes. >> okay. >> but not being a billionaire, listen, i'm all for progressive environment where the more you make, the more you pay. that being said, i want to make sure it's being spent on the right things. and i also am fiscally conservative. our deficit has been ballooning so i'm not surprised that this sounds very populist during this time. that being said, it is not going to pass irrespective of who the president is, and i think income inequality is a big issue and this puts it in the forefront but i'm not sure it is the answer. >> i heard a chuckle from carol, i think. >> you know, it's been said that a leader leads by example, not by force, and unfortunately, these people are just so ridiculous. they want to use force for everything. and they never want to lead by example. they want a virtue signal. the u.s. treasury takes gifts. if you want to write a check, you can go ahead and do so. i have not seen leadership from anybody here, any of these billionaires writing a check to the u.s. government. i haven't seen anyone who

today, kristina partsinevelos, thank you for taking over yesterday, liz peek, jonathan hoenig and john layfield. oil spiking more than 5%, partly on the basis of the rising tensions in the midpeeeast as t president says whether it was a mistake or not, the u.s. could take some kind of action. >> i find it hard to believe it was intentional, if you want to know the truth. i think that it could have been somebody who was loose and stupid that did it. we'll be able to report back and you'll understand exactly what happened but it was a very foolish move. that i can tell you. this is a new wrinkle, a new fly in the ointment what happened, shooting down the drone. this country will not stand for it. that i can tell you. david: let's bring in heritage foundation's jim carafano. good to see you. how should the u.s. respond? >> well, there's two things here. one is, we have to keep the straits open. we have the military capacity in the theater to do that. we don't have to respond. the second is we got to keep the pressure on iran and what helps with that is building up international pressure. every tim

joining us, market watcher john layfield. john, let me bore you with my theory. in my opinion, profits rule wall street and at this point, the iran standoff does not hurt profits. that's why there is no huge pullback. what do you say? >> i completely agree. it also shows the fundamental strength of this economy. corporate profits are still coming in around the mid teens so we have a really good economy, we have low historic unemployment, we have wage growth. this is not something that forbodes a recession like some have predicted. we do have what appears to be a slowdown but we're not falling off a cliff. you have three political events that seemingly could derail the economy from the iran standoff to brexit to the trade war, but these things have not really affected this market because this economy is so strong. stuart: okay. i'm just going to read the president's tweet that we received moments ago. here it is. it's in four parts but i'm going to go through them. president obama made a desperate and terrible deal with iran, gave them $150 billion plus $1.8 billi