i'm connell mcshane in for cheryl. thanks for joining us after crazy day on wall street. you don't see that everyday. lauren: in 2018 you kind of do. connell: the dow has been done 500 car ended up having the day. none of the higher, but at 200. lauren: the terror showdown between washington and beijing now moving in two weeks of intense negotiations as both sides had off the trade war that could cause widespread economic damage. president trump still economic adviser telling stuart bernard yesterday, blame china, not trump. >> trump is the first president to fight back and put a shot across the bow on stealing intellectual property rights, technology transfer is from a high barriers to investment limitations high tariffs. this stuff is not just unfair, it's unlawful. >> adam shapiro with the latest developments this morning on the trade standoff. >> good morning. as we heard wednesday from larry kudlow, the president's economic adviser, there are back channel negotiations already underway with the chinese to avert a trade war and come to some kind of solution. the u.s. ta

connell mcshane is still with mow. connell? reporter: well, that was a little bit of a surprise, we were told that wasn't on the official agenda. the president loves golf and so does prime minister abe. you make a point about shinzo abe's vulnerability in japan. we have a tendency to think of all things through a u.s. prism in terms of politics. this is a prime minister whose approval rating was up in the 60s, but because of a number of different things, some of which you mentioned, cronyism scandal in japan hit this prime minister hard and recent polls, approval ratings into the 20s. that's something that plays into all the discussions the two leaders are having. for our audience, trade is a big, big issue -- liz: hold that thought. hold that thought. he may be commenting on that. >> very good transactions including tremendous purchases from the united states and also from japan. so i want to thank everybody for being here and mr. prime minister, it's a great honor to have you, thank you, sir? >> thank you. >> thank you. >> ma

connell mcshane tracking the latest outrageous accusation hurled at the banks that was fined just a week ago a billion dollars for other inappropriate but unrelated behavior. what is going on at wells fargo? the french president headed home after trying to persuade president trump to change his mind on trade, steel tariffs and iran all issues causing big business to slam on the brakes but companies navigating the global uncertainties are they doing it better than we thought? some of them know how to do this the global trade whisperer is going to tell you which companies, which stocks are doing it right and those who are failing right now. plus, tweet me and end up on tv? won distributer did just that yesterday. the president of summit steel was watching our show and tweet ed us something specific and so we said get him on he's here exclusively to tell us why he says steel prices are shooting higher, and hint, it's not because of president trump's tariff. plus, jeff flock on the retail ice age. your number one politician pick ahead of the nfl draft, and charlie is about to break big news

i'm connell mcshane. you're watching the fox report. >> president trump heading from one washington to another this evening arriving in the township of washington, michigan, for what is being billed as a rally on business and job creation. marks the second straight year the president has not only skipped the white house correspondents dinner, but held a competing rally at the same time. he tweeted about the whole thing this morning. here it is. looking forward to being in the great state of michigan tonight. major business expansion and jobs pouring into your state. auto companies expanding at record pace. big crowd tonight said the president, will be live on tv. meanwhile, president trump is calling today for the top democrat on the senate veterans' affairs committee to step down. this after montana senator john tester's office compiled allegations of workplace misconduct that scuttled the white house physician ronny jackson's nomination to lead the veterans administration. we have fox team coverage of a

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train to connell mcshane in florida.sly, both parties have tested their arguments on the tax cuts. the democrats if you listen to corey booker last week talking about crimes, and nancy pelosi epic and the tax cuts and the corporate giveaways to some workers a $1000 at obviously that has been tested among groups that are democrats in a field are democrats and they feel that his winning argument to say these tax cuts really aren't that big of a deal. the president feeling quite differently here in saying this is something americans are discovered every day in every can of paychecks and businesses. someone will be right on this. i this. others say the president feels he is. the gap has narrowed a little bit not only the president of numbers that is picked up a little bit. when you asked the generic question, who would you most want to see in charge of congress right now. that gap between democrats and republicans is narrowed. the narrowest it has been in this election year. it is still early, but we shall see. republican st

the future of stocks themselves that many of you might know connell mcshane is in the newsroom. it really helps shares of verizon it revolves around something for something called eason. even if i have that technology. the big picture it could all be assigned that the trump justice apartment especially in this industry we already know the government wants to block the at&t time warner deal. it continues in washington this week. it wrapped up last week. the ceo of at&t. the government has been saying they would have the opportunity to raise prices. it's just this be an expert on synergy. the cost savings for this deal were not verifiable but then the reason there is fireworks. and then a guy sent a couple of youtube videos related to the case. i am resentful. i hate being locked into these things. what i don't like is that they really prevent you we are about to turn positive. we are now down to just 17 points. the dow has crossed the unchanged line. hundred 37 times. oh boy some facebook news. will get it to in a minute. . . ♪ liz: tell you facebook tried to hold on to the green

join way to break it all down as they can make towel, connell mcshane along with the heel contributor and author of how -- kristen tate is here. rough day yesterday for stocks. transfer dreamed about denver naki. so again, that is where my brain was when i fell asleep about the impact of excessively loose monetary policy over the last 10 years. connell: think about villanova winning% gain. these trade worries are real. >> of course. we've talked about it and i watch you guys talk about that they've been rail. from day one, when the president started talking about this, going back to the first of march. alan nasdaq down 5.5%. and i'd add intellectual property theft. making more headlines this morning with the ambassador to the united states who apparently did an interview with one of the state run tv networks say in their response to the intellectual property theft tariffs or whatever comes down, 50, $60 billion is proportional. $3 billion we talked about initially looked like a warm-up act. dagen: we can get into it, but i think that there is something more broad at play in terms that

neil: thank you, connell mcshane. what if we decide to go in militarily, as we did a year ago, strafing an airfield at the time? fox news foreign affairs analyst walid phares. >> thank you. neil, president trump said that would be a very big mistake, what do you think happen, russian reaction if we did? >> look, neil, the russians are today stronger in syria than they were a year ago and certainly six years ago. they're trying to send a message to us and our partners, there will be a response. it may be directly about the the russians or usually task iranians to do it. in syria could be other places. for us, for the united states, it is very important we begin with the right thing to do. asking the intelligence community to have a detailed reports, analysis assessment of these chemical attacks so we can take it to the security council and then confront the world and tell them it did happen. i'm sure, neil, as you know, you can expect the russians will have a veto. once you have the veto from the russians you have legi

connell mcshane in florida was the latest on how all of that is going to go. lly interesting dynamic to a prime minister shinzo abe. to your point much worse than what president trump is facing in the polls. this is the third time these two have not come in the second in florida. the meeting earlier today when the president rode on twitter that i'm looking forward to my meeting with prime minister abe of japan working on trade and military security. more from the top economic advisers. >> president trump and prime minister abe get along quite well. it's going to be a lengthy discussion. it's going to be out exclusions from the tariffs on steel and market opening initiatives by japan. it is going to be about tpp will be on the conversation. china, north korea. connell: want to add a little bit to what larry kudlow just as good as out of a press briefing before coming over to the camera. i have to say he was not overly optimistic about rejoining, which you heard him mention. we will have to be convinced and then he went on to say i don't think the president is co

neil: thank you very much, connell mcshane in florida.f the attention in the medterm elections a big topic in washington yesterday. senator mitch mcconnell and orrin hatch how they figure donald trump will help or hurt in the mix. >> you know midterm elections, senator, said the president is on the ballot even if his name isn't on the ballot. do you think this midterm will be about donald trump? >> well, it may be, but we'd like to make the election about that in montana, north dakota, missouri, indiana and west virginia. there's no question the democrats would concede this, that the president will be an asset. >> never seen a president attacked continuously from day one. >> why do they get it? >> they're afraid of him, he's effective. he's getting a lot done. the people like him. you can't help but like the guy, and he is a go-to, let's get it done type of guy. i was the only senator who supported him. >> i remember. neil: if you think about it, when orrin hatch came out for donald trump in the republican party, a lot of his colleagues s

i'm connell mcshane. it's time for "watters world." jesse: welcome to "watters world." i'm jesse watters. president trump speaking in washington township in michigan. president trump: some genius said we are going to sell the site and then we are going to take the money and build a new embassy. that sounds good. but you have to have money left over if you do that. they sold the site for i think -- these numbers are close enough. they sold the site for like $250 million. they think they are geniuses. they go out and buy a horrible location and build a new embassy. the bad news, the embassy cost over a billion dollars. so now what do we have? we have an embassy in a lousy location and i was supposed to cut the ribbon. i didn't do the deal. it was a bush-obama special. but it could have been stopped by obama. it would have been stopped by me. i said what kind of deal is this? you sold this great site. it's the best site in london. they were so happy, they got $250 million. but they spent all of that money plus lot more to build a new embassy in a lousy location. we need a

connell mcshane in for neil cavuto today. it is yours. >> great show, stuart. connell: connell mcshane in for neil cavuto today on "cavuto: coast to coast." we're down 150 points or thereabouts on the dow. the president of france and president of the united states made news. forget the news conference. you can do it beforehand. blake burman on the north lawn with latest on all of that. reporter: we'll take the news conference, connell? we would love to ask the president questions and hear from them. a host of headlines before this thing has even begun. it is delayed 45 minutes to an hour or so we expect to hear from president trump and president macron from 12:45 somewhere in that area. many watching situation as it relates to the iran nuclear deal. we heard from president macron his philosophy on this the united states should stay in, or at least the deal should hold in the current form because iran in that region of the middle east needs to be contained. the president loud and clear how he sees it. he views this as one of the worst deals of all time. he has a

to connell mcshane in miami-dade county where the president wrapped up his small business roundtable eech. connell. reporter: this is a chance for the president to focus on comments he is comfortable about. get out of washington and get away, at least from the time being from stories bothering him. whether the new book from fbi director james comey or the legal questions surrounding his personal lawyer michael cohen. at this event it was squarely on what we expected it to be the tax plan of the take a listen. >> if for any reason they get, meaning democrats they will raise this high and terminate this out. i will veto it. but eventually they want to terminate and raise your taxes. and we can not let that happen because this country is starting to rock with our businesses coming back in. it is starting to really rock. reporter: the president joined on stage here just outside of miami by some local small business owners who talked about the people they have been able to hire, the money they have been able to save because of the president's tax plan of the just as he was wrapping up he s

connell mcshane is live in florida with the latest. connell. reporter: well, it was a chance, melissa, for the president to follow up on what the guys were talking about, kind of shift gears, get away about stories of former fbi director james comey and his personal lawyer michael cohen and focus on a issue he sees as a political winner, the economic impact of tax cuts. take a listen. >> this could be one of the greatest booms ever. i think it will be because the companies are so strong and they are ready to rockport port the president turning to his economic advisor after making that comment, larry kudlow was here in the audience. kudlow yelled back he didn't have a microphone, everyone will benefit talking about the tax cuts. this was a roundtable event which mr. trump was surrounded by the likes of senator marco rubio and treasury secretary steve mnuchin and a number of small business owners here in the south florida and talking about how their businesses help tax cuts. right at the end there was a bit of shifting fierce from the president t

connell mcshane is live in west palm beach with the latest. reporter: well set-up, melissa.set up for the joint news conference at 6:00 p.m. a chance for leaders to meet the press. on day two of the get together. there were repeat subjects as the president said. he and the prime minister talked about north korea for example. as we expect much of the conversation according to president trump who spoke at the working lunch was getting underway this afternoon did turn to trade issues. the president made a point of saying the united states continues to run a trade deficit with japan. he says that needs to come down and added this. >> reciprocal is the word we have to start using with a lot of nations but, so when we say free, that's good, fair, that's good, but i like to say free, fair, and reciprocal. and the word reciprocal is that when you have a car come in, we charge awe tax. when we have a car go to japan, which are not allowed to go there, we have to take down the barriers and we have to pay the same tax. reporter: after those comments the only question the president took

connell mcshane might still be with us. are you still there? >> reporter: yep, absolutely, david. david: okay. bottom line is there were two issues, i think, that japan and the president were talking about. one was north korea but, of course, the other was trade. any progress on trade? >> reporter: not that we know of yet. it's interesting the way this summit is being set up for two days. north korea's really the topic number one on day number one, and then we're told -- at least the way it's formally set up finish that trade and other issues would come up tomorrow. obviously, the president talked there in the appearances he's made, the second within about an hour, and made some comments himself. the focus is on north korea. again, significant that the president talked about these direct communications he says are taking place between the u.s. officials and the north koreans ahead of his meeting which he now says will take place east in early -- either in early june or possibly before that. significant as well that the president says the north and south koreans have his blessings,

connell mcshane in for neil cavuto today. it is yours. >> great show, stuart. today on "cavuto: coast to coast." we're down 150 points or thereabouts on the dow. the president of france and president of the united states made news. forget the news conference. you can do it beforehand. blake burman on the north lawn with latest on all of that. reporter: we'll take the news

here to help break it all down fox business's deirdre bolton, connell mcshane and kristina partsineveloswell. deirdre, let me ask you first, we had a beat on existing home sales. looks like we're gaining some traction there. it's a fickle number. nevertheless it gives us something of an insight to this economy. >> certainly does. you have the shorter term yields going higher, right? a lot of investors are watching, talking about the yield curve flattening. a lot of people beginning to maybe have a little bit of advanced anxiety. when this happened in the past, basically it has been a precursor of every recession since 1975. it is not causation but one data point. charles: the ultimate canary in the coal mine? >> that's right. more and more banks are putting out research. charles: here is the irony, kristine narcs we're concerned about the economy is overheated. how do we live in one world, one world where all the experts say, hey, if these yields invert we're going into recession, the other one is the economy is so hot we have to slow it down? >> i wrote a note goes against with what a l

china retaliates on tariffs, pricewaterhousecoopers partner, deirdre bolton is with us as well as connell mcshaneith you, mitch. how do you anticipate this trade battle, china's retaliated, became official today but we knew hat they were going to do, the u.s. trade commission now narrowing down the list of items to be hit next, but everyone is sort of hoping that within that period that there's serious behind the scenes negotiations and it doesn't get much worse from here. >> yeah, i think that the tariff s from china kind of ceremonial. it's 3% of all of the imports, its narrowed to in fact red states, like pork and some of the agricultural products so i think there may be more to come from them and probably more to come interest us so it's going to be back and forth and all part of an overall negotiation that's going to likely take place over time. charles: deirdre supposed to be 60 billion more from our side? >> and i think this is part of what's weighing on market sentiment is this question of okay how far does this go. mitch to your point i was reading through a few trade journals and they'r

i'm connell mcshane.t. >> president trump heading from one washington to another this evening arriving in the township of washington, michigan, for what is being billed as a rally on business and job creation. marks the second straight year the president h

let's go to tier drink boll -- deirdre bolton and connell mcshane who was warding off crocodiles at mar-a-lagot? i was worried. the president has to play this role of boosting spirits, that's the concern, get people into this election when there's such pessimism for republicans. >> and also that he's not on the ballot. one of the things i saw in covering pennsylvania '18 before and during that election was that rick star cone was running -- star cone was running as the republican, and he was literally saying i was trump before trump, and he lost that election in a district that the president won by 20 points. so i think if the president himself, just in talking to people there and other districts around the country, if the president himself was on the ballot, he probably would have won again, and people were still happy with him -- those who had supported him -- but it wasn't him. it was somebody else. neil: that's a good point. that was the obama phenomenon, right? when he wasn't on the ballot, democrats were losing in the midterm. but what do you make of that? how worried when you go out and

fox business's deirdre bolton and connell mcshane, what happens now? >> what happens now.ark zuckerberg says some form of regulation is inevitable. that may even solidify, one of the lawmakers did make the argument, that could solidify his monopolistic position, though mr. zuckerberg doesn't feel like he has monopoly. point out between facebook and google together, they have 2/3 of the u.s. ad digital market which is $90 billion. that is $90 billion -- neil: two of them together. >> the two of them together have 2/3. that may not be a pure monopoly, they are walking around. neil: there is not a rumor. don't hold me to it. that zuckerberg could be forced out? i don't know how that could happen. >> they were talking about splitting ceo and chairman because he has them both. some people say for corporate governance sake -- neil: that the stock is not really suffering, for tuesday or wednesday, that is definitely. >> three days in a row it was up. maybe it sells off a little bit today. it is fine. there is still regulatory pressure in europe that facebook has to deal with, com

wall street journal" editorial board mary o'grady, making money star, charles payne and my buddy connell mcshane. i want to thank you for your hard work in my absence. really wasn't that hard. what was your take on the different takes on interest rates over 3%? i know a guy your age, highest i ever can remember it. >> probably. neil: briefly touches, charles, i can remember 10% around the time of the '87 crash. we're a long way from that. perspective is everything and it is rattling folk. >> more than anything else for investors it is about making decisions how you allocate capital living in this world. it has been a long time since we've had rates at this level. you live in a world with zero interest rates or low interest rates. you said it yourselves if investing money, only place i can bet any return or yield is maybe the stock market. you have more competition about that you start to make different decisions. it is a simple as that for the most part. neil: charles, i know you do on your fine show, but i'm usually commuting home at the time, i'm kidding, 10-year at 3% and s&p 500 dividend yie

[laughter] all right, reaction from cr-tv host deneen borelli, ben kissell and my buddy, connell mcshanedr. evil analogy notwithstanding, the chinese are apoplectic and all but saying, you know what? forget about adding sanctions, tariffs of our own, we're quitting these talks for the time being. >> yeah. there have been a few important things said today, that was the takeaway from the chinese. the kudlow comments as well which you already picked up on saying, hey, give us 24, 48 hours, we'll put together this coalition of the willing, a lot of people argue should have been the first move. neil: he didn't know about these latest ones. >> that whole thing last night was so random, because the first $50-60 billion took the trade representative a long time to come up with, product by product, 1300 products. so for the president to add on the $100 billion, you know that was off the top of his head. he thinks that's the way you negotiate. my question would be is that the way you negotiate with the chinese. sometimes that's a little different game than a real estate deal in new york or even a

making money charles payne, thank you for all the hard work in my absence, connell mcshane.ooked a little down, i mean, do they have reason to worry charles: it's a juicy market for them, it's easy to do, you have a whole book of clients who are grappling -- >> don't tell all the 30-year-olds. [laughter] charles: sort of different with respect to the companies that are going public with a built-in audience. they already have a huge chunk of people and i think facebook was probably the prime example of that. facebook, remember how many times they had to readjust the ipo, made it bigger, larger, wider. neil: then dropped way down. charles: investment banker did their job. >> that was a horrible job. charles: again, it help ifs -- helps if you are literally tens of millions of people who use product that may want to buy stock. connell: you need to raise money and goal to raise money in initial public offering, that doesn't seem like that's the goal here. neil: what do wall street guys do? we are lining up the goldmans and morgan stanleys. >> they are the middleman. neil: that d

and connell mcshane. christina, you have been hearing this as well back and forth. where does this ultimately go and what will be the treatment that facebook is going to get out of congress that seems low to get too deep in this. at least let it be known to not happy. >> they aren't happy. we've been watching us go back and forth. a lot of the discussion is about how much disk they spoke scrutinize their data. people like to complain yesterday lawmakers didn't know about facebook. they are still stuck on aol. would zuckerberg had done today is mentioned several times, we don't sell our data. but i would like to explain their caveats to that. they monetize the data. they make money off of the data. they profit. they don't sell to advertisers. advertisers want people to play sports, they provide the data. but they keep it so they can continuously use it again and again and again. the third-party acts like cambridge analytica where we know the ceo has stepped down. they have taken the data and sold it off. it's not just cambridge analytica. others have done that as wel

connell mcshane is already there, beat him to the punch. what should we expect?nd of get back on or maybe stay on message depending on your point of view and talk about an issue that he's certainly talking about and sees as a strength, the economy and taxes. as he walked out of the white house this morning, no comment to reporters gathered on the south lawn. we should point out though that he's leaving behind official washington for an extended period of time. after this tax talk here, it's up to palm beach where he will host the japanese prime minister for a couple of days talking trade and north korea. on twitter this morning after one tweet which he went after the former fbi director james comey again, the president did turn to an economic issue, and he talked currencies which was interesting. the tweet: russia and china are playing the currency devaluation game as the u.s. keeps raising interest rates. not acceptable, tweeted the president. now, we've seen the russian currency go down in recent days, largely investors would tell you because of the threat of m

connell mcshane this morning on headlines. >> the shooter is able to enter the outside courtyard behindbe's main office through the facility parking garage. it was not able to enter the building. but your point still increasing security offices everywhere. at least three people were shot before killing herself. this comes as many in silicon valley's largest companies are expanding their campuses to make the more inviting to the public and employees, but now some of those plans are at odds with the tightened security than many think is necessary. meanwhile, another school shooting may have been prevented thanks to the new england patriots wide receiver, julian adelman. told about a comment on his instagram page dave brat i am going to shoot my school up. edelman had his assistant reach out. they were looked to track down the person who made the comment. a 14-year-old boy in michigan. two rifles belong to his mom at a juvenile detention center with false report of a threat of terrorism. cambridge analytic a data breach may have been much more severe than we first thought. the company set