neil, it is carol roth. i would like to understand the impact of the uncertainty particularly on small business because we hear a lot about the wal-marts of the world, but we know that 99% of the businesses in this country happen to be small businesses, and even if they're not getting a direct impact from the tariffs, the fact that we're using tariffs now as quote unquote sanctions makes it very difficult to plan. can you talk a little bit about that? >> absolutely. at the chamber more than 90% of our members are small businesses, and what they are telling us is it's very hard for them to predict what they are ordering, what their costs are going to be. on one hand, they look at it and say should we be stock piling now and incurring those costs? should we be looking to change our supply chain? or what's the economic outlook going to look like? you know, the first people that we heard from after this announcement on thursday night were small business in arizona and texas who have already been struggling under

is "bulls and bears," thank you 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 ag

we want to go back to danielle dimartino booth, carol roth, hallam better and ted oakley. this is what frustration at the fed is, after all the work, inability to take inflation to the target has to be extraordinarily frustrating. you worked there. you understand it. powell expressed frustration. this is driving force for potential rate cuts that i don't think gets talked about enough. >> we don't have enough time if we had the full hour to talk about how broken the inflation metric they follow is. housing prices have not been going up at 3 plus percent. they have been going up at five. medicare, medicare reimbursement rates, in core pce, that is not what we're spending on at all, our dedoublingables are going up. that is beside the point. they took the core inflation target up, up to 1.8%. they still believe low inflation is transitory. that would explain some of the hawkishness in the statement. they don't think that home price declines are going to be nationwide as they were during the last crisis. i think they will be proven wrong on this. that inflation will not be as

melissa: thank you, let's bring in today's market panel, jack howell and caroll roth. jack, your first take on what you heard there about the plan. >> a new option for certain types of employees in small businesses to buy healthcare, it is way too early to did a victory lap on health care and costs, this is new, what matters here is what the plans will hook like and how much they will cost on the left, they are concerned that plans will be too skimpy. a path for business to give employers a set dollar amount, but now this group is under served this a new option for them. melissa: caroll, do you think that is a step in the right direction? >> i think it depends how you look at it, if you look at it within confines of current system this is great, anything that gives individual more choice is good, and anything that happens small businesses be more competitive and retain and attract talent is good, but it does not address larger issues of health care cost. buts system needs to be burned down, but in confines of this system it is good. melissa: broadcom lowering full year

connell: our market panel, sarah miller, carol roth, future file planning system creator and former investmentanker. carol, let me start with you. it has been a nice month for stocks. the backdrop we were talking about bob hormats and china trade, federal reserve, rest of it, the economy on some measures is still humming along. other signs, whether manufacturing, the boned market, we have warning signals. what do you make of stocks from a valuation standpoint where they stand right now? >> i think stocks are pretty fully valued like you said. the consumer is certainly humming along. the market is focused on a couple things. maybe they should be, maybe they shouldn't be. one being the fed. the other being trade. i don't know we'll get a happy resolution to either over the next couple months. this seems like a time where we have increased volatility. i would be looking if you want to be in the market, looking at specific names versus the market overall. i do expect we'll have a little bumpy ride. connell: those two issues are intertwined. the sarah, the longer the trade conflict, the trade war,

carol roth, jack hough, "barron's" associate editor there and michelle girard.nat markets director. michelle, the good is bad, up is down, we have those days from time to time. that seems to be the rationale. tell us what we should take away first from the jobs report? >> you're right in this case the market took bad news as good news. it means the odds of the fed cutting interest rates sooner rather than later have gone up. i do believe that the economy is not as weak as perhaps some of the employment figures like adp, like today's job numbers might suggest but clearly downside risks are increasing as the trade war is being escalated. the fed has room to provide some support, to provide some insurance as we've been talking about to a possible slow down because inflation is below its target. as you noted in today's report there is not a lot of wage pressures. i think the market is right to anticipate that this does make it easier for the fed to come in and to provide some accommodation that the economy might benefit from. connell: heck of a week, jack. you have

is "bulls and bears," thank you for joining us, i am david asman, joining me today, robert wolf, caroll rothjohn 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

. >> general, it's carol roth. obviously iran has been a bad actor for a long time. do you think that sanctions will work with them? and are there any other non-military strategies and tactics that we have available that you think would be effective? >> yeah, that's a great question. the -- i do think the sanctions will work and are working, and i think that's why they're lashing out right now. they are a little bit like an animal cornered. as they scratch at us because of these sanctions and particularly going after the financial assets of the leaders of iran, they are all corrupt as they can possibly be, and they are all on the take, so by going over and being able to freeze financial transactions with the leaders of iran, i think is very important. when you look at the other elements of national power that are at play here, you have the diplomacy they have said they don't want to talk, so, you know, the president made that diplomatic overture. and then you have information warfare, and i think that's something that will continue to go on between the two -- you kno