they're not angry at you anymore. >>> let's go to eamon javers, he has breaking news at the white house. eamon, i see headlines about a tpp. >> reporter: yeah, that's the transpacific partnership you remember that the president campaigned against that potential trade deal on the campaign trail and as president, he with drew the united states from the trade deal, now senator ben sasse, a republican, a big headline from the meeting said the president has deputyized larry kudlow to look at re-entering tpp. it's not exactly clear what look at re-entering tpp is it's at least an olive branch towards the president for tpp indicating that might benefit agriculture producers and like sasse's home state in nebraska. the president talked about this on the interview on cnbc from davos saying he was open to the idea of renegotiating. saying at that time he didn't like the structure of the rich tpp. but has not indicated whether he would negotiate along the original one with united states and australia. or looking at negotiating an entirely new deal. we're waiting to get new details from the white h

for all of this, we'll turn to eamon javers and rely on you, eamon. >> what a difference there's no honorf the united states military there's no 21-gun salute getting ready on the south lawn. they had pipes and drummers on the south lawn, reviewing of the troops all the razmataz of the state visit for macron none of it today for chancellor merkel they're calling it a working lunch. on the agenda will be nato, climate change and trade, among other things we'll see the two leaders in the oval office having that sitdown in the fireplace, as is traditional. then we'll see a news conference later in the afternoon where they'll take two questions each from the german press corps and from the u.s. press corps. we'll see what news comes from that whether or not angela merkel can get the trade and tariff exemptions she wants from the president. she doesn't have the warmest relationship with the president. that might not matter. we've seen other leaders who do have warm relationships with the president strike out on that front. we'll wait to see what fruit can bear out here on the visit we're expec

japanese prime minister shinzo abe agreeing to step u holding a joint news conference last night eamon javersoins us with more. >> lots of warm words between the two leaders yesterday at mar-a-lago we had a round of golf a lunch. a dinner, a press conference, but ultimately the situation remains the same today as yesterday. that is that the japanese would like the united states to come back into tpp, the transpacific partnership, the united states signaling it doesn't want to do that it would rather a bilateral agreement with the japanese on trade. the japanese signaling that's not good enough for them the japanese also wanted some exemptions to the steel and aluminum tariffs that the united states put in place earlier this year the united states signaling that's not going to happen either despite those warm words and the bromance between donald trump and shinzo abe, we didn't get a break through here in the negotiations on trade no tangible takeaways here now that we're at last day of shinzo abe's visit to south florida the president yesterday didsay he views the tariffs he's been talking ab

so many things going on, on the hill eamon javers >>> let's get to rick santelli and the santelli exchangecarl what i can tell from you the trading perspective, technical perspective, is that there's a real floor in this treasury market, especially if you focus on the ten-year note, long and general has been trading treasu treasury's new range seems a lot like the old range 22 sessions in the 280s ended the last part of february and since then, we've spent most of the time in the upper 270s really not a whole lot of difference but there is a difference. what it really boils down to is growth versus inflation and debt there really is a floor under interest rates with all the anxieties about the path of the fed, the reasons for the path to the fed. inflation, potential wage inflation, debt issuance these are all on one side of the ledger it certainly seems as though the teeter totter, even though it has components on that side, the growth side seems to be winning the battle the problem is that even spotty growth, spotty numbers in europe, we're all in this together, all this policy and most

far reaching in terms of the topics hit eamon javers has a wrap-up >> the thing that stood out was the president of the united states saying we had a great relationship, that is he and merkel, since the beginning, and a lot of people misunderstood it he's attempting to present a warm welcome to angela merkel and paper over some of their differences. you saw that handshake that's going to be much analyzed you had the hand shake and then the double hand clasp. the president really going out of his way there to signify that he's welcoming angela merkel to the white house. and moving past some of the awkwardness of their initial relationship to say that they have always had a good relationship and they'll have a number of discussions. he didn't go so far as to say they're going to have agreement on things like the iran deal we'll wait and see if we can get reporting on what happens behind closed doors here. >> thank you eamon javers joining us from the white house. meantime, a news alert on russia michelle caruso-cabrera has the headlines. >> look at shares of alcoa they have moved lower i

join eamon javers. the president was just speaking moments ago and eamon was at the white house with the comments from president trump >> yeah, that's right. the president's in a meeting here with baltic leaders at the white house, but he's talking about amazon and extended comment we're going to get on tape here in a moment. but what we know from reporters, he says that the postal service in the united states delivers packages for amazon at below market cost. they have the money to pay a fair rate. a lot of retailers are going out of business. he says the u.s. is giving a subsidy to amazon and says they're giving billions of dollars a year to amazon so the president continuing his sharp criticism of amazon. we've seen that on twitter the past couple of days, now in the white house on camera. we should have those comments on tape here in just a couple of minutes, but of course, the real question here is whether the president's prepared to take any concrete steps against amazon in terms of the policy of t

eamon javers, i'm sure he'll be on top of the story as the evening progresses the drama in d.c. seems to be reaching a fever pitch the chaos derailed stocks. we saw the interaction today, guy, to this development. >> i think your question hit at the heart of it. i don't think the market cares necessarily about president trump's relationship with ms. daniels, i don't think that's anything to do with it but what the market is concerned about, does this give president trump the ammunition or does it put him over the edge in terms of what he'll do with mr. mueller. if he fires mr. mueller. that's what the market is reacting to. i have no idea if that's under consideration. but to me that's what the market reacted to today market on friday held very critical levels. had a miserable day friday, but it held exactly where it needed to technically and today the follow-through was outstanding. and we've been talking about that right now except for this so what does it mean it means to me there is still the key level in the s&p is 25.80. and we'll see if we protect it tomorrow >> agree thi

. >> let me step away and head back down to washington, d.c eamon javers is standing by there. we had watched a little bit of the steam, a little bit, i want to stress, come out of the rally, perhaps, on a headline that we're putting up at the bottom of our screen now, related to the search of president trump's personal attorney >> that's right. "the new york times" reporting within the past couple of minutes that the reason for the search was that law enforcement officials were looking for information about two women connected to the president of the united states. one is karen mcdougal, an ex-playboy playmeat, who suggests she had a relationship with president trump at some point in the past decade the other one is the woman known as stormy daniels, the porn star, who has also alleged she had a relationship with the president of the united states "the new york times" reporting that, sourcing people briefed on the information. so it's not clear where exactly they're getting their information, but sourcing multiple sources here for "the new york times" saying that the reason fo

let's get more on the political side the white house thinking on those syrian strikes eamon javers live in washington with more. eamon. >> reporter: good morning, brian. he ulgssed the phrase, mission accomplished defending the use of that. sumpts -- they launched 00 50 times the amount of research they have a bunker, the u.s. military said it believed it had crippled syria's chemical weapons programs that it may syria may want to claim this secretary mattis said it was a limited military action on the part of the united states and its allies here's what he said. >> right now this is a one-time shot and i believe that it's sent a very strong message to dissuade him to deter him from doing this again >> reporter: secretary of defense saying this was a one-time shot and the u.s. has the ability to do this again now we'll wait and see the response from russia and iran. it has been relatively madded or if this is enough to stop it >> from my political macro perspective, are they referencing syria or the james comey evening. the syria matter happened on friday and it was almost as if it had

to eamon javers and eamon, part of the issue it seems is that when cud le low cameout and spoke to you guy, he said he didn't know about the $100 billion in additional tariffs until he saw it in the press last night and it just, it give it is the feeling of a haphazard natiure of policymaking, which makes the market nervous >> i said when did you find out about this because we found out b about 6:45 night when the white house blasteded out a press release about it he told me he found out last night. didn't say specifically whether before or after the announcement that's one of the things in the timeline we're going to try to clean up here with the white house during the rest of the day and sarah sanders is going to be briefing this afternoon. but you're right, there's a question about when did the president make this decision and why. you remember as the afternoon and evening progressed yesterday, the president came back from west virginia. he was on air force one. making a lot of headlines on air force one u on the stormy daniels story when he said he didn't have any knowledge of the

the president making those comments moments ago eamon javers has the details hey, eamon. >> reporter:i, michelle. the president has renewing his fight with amazon here he's in the cab et net room room for a meeting with baltic po officials. >> the taxpayers i pay fog that money a report just came out 1.47 or about that, i believe. for every time they deliver a package, the united states government loses $1.47 so amazon is going to have to pay more money to the post office. >> we've been trying to figure out exactly what he's referring to, j.r. reed has been up as headquarters has been doing some research it looks like he's references a record from citigroup, according to a write-up of the "wall street journal" that came in july of last year, they says the analyze from citigroup says the costs were fairly allocated, costing $1.47 a package to deliver. so apparently the president has been doing his homework. the question is whether or not there's any real action planned by the u.s. government going forward d this administration plan to do anything about this, or is this just the preside

thanks, eamon javers. >>> walmart in early talks with health care provider hue humana.anding relationship, but sources are telling cnbc it's unlikely they'll pursue now an actual merger, but they are talking about a deeper partnership for walmart, it would help boost market share for the pharmacies and provide more services for its senior customer base for humana, it's a bulwark against the competition. united health is now the number one medicare advantage insurer by membership. it could also help humana expand its clinic presence. it has about 200 across the country and home health care services which would be a big differentiator for both firms. >> the longer-term question in health care is how much of it will be a touch business, which in my opinion will always be and that means you need a physical presence. but i think the key for walmart will be to access the home health element here, and humana's focusing on senior citizens >> and also being able to offer those services in the senior market is critical, because if the cvs/aetna deal is approved, that combined fir

the president going after amazon while china hits back on those aforementioned tariffs eamon javers has it covered for us >> reporter: the tax cuts are weighing on the markets overall. the president talking about a trade war here with china. the white house giving me their response to china's response to the white house tariffs that they announced last week the white house spokesman said our action under section 232 was legal, justified and necessary to defend the steel and aluminum industries and if china uses that as a pretext for other unfair trade practices we think that's very unfortunate. so the white house calling china's action very unfortunate today. we also got the president tweeting about amazon today. you see that impact on the market the president saying only fools or worse are saying that our money losing post office makes money with amazon. they lose a fortune. this will be changed also our fully tax paying retailers are closing stores all over the country not a level playing field. i want to emphasize when you talk to white house officials about the president's tweets an

eamon javers joins us from washington with the latest on what would be considered the third salvo inlk war. >> that's right. we're going back and forth, back and forth. the latest announcement came just before 7:00 p.m. last night when the white house released a statement from the president the president frustrated with the chinese response to his earlier round of proposed tariffs saying in light of china's unfair retaliation, i have instructed the u.s. trade representative to consider whether 1$100 billion of additional tariffs could be appropriate under section 301 of the trade act and if so to identify the products upon which to impose such tariffs we saw an immediate move in overnight trading last night when the statement came out. i asked a white house official for an explanation of what the president's thinking is here the official said that the president is simply sending a message to china about consequences so the question here is whether or not these tariffs will ever go into effect the president is saying he's asking the u.s. trade representative to consider 100 billion in

eamon javers has all the details on what will be the big negotiation topics >> good morning.egotiation today and also a big state dinner, the first official set piece state dinner of the trump presidency today it's all about negotiations on a couple important key topics, one of which is the iran nuclear deal they'll also talk about syria. on trade, they'll talk about tariffs and international agreements that the president has balked at. we'll see where all that goes throughout the course of the day. they began yesterday, emanuel macron and his wife arriving at the white house. then helicoptering over to mount vernon, which is the estate of george washington. they looked at the place a nice backdrop for the formal meeting between the two leaders and their wives. on his arrival, emanuel macron yesterday laid out what he expected to see during this state visit. >> during this state visit we will have the opportunity to discuss a lot of bilateral issues, and to discuss about our security, about trade, and a lot of other issues that are important for our countries and beyond our t

peter navarro weighing in on yellsterday's selloff sayg the market reaction may be out of touch eamon javerss story. >> good morning. peter navarro and the trump team think what they're doing on trade is having american corporations backs in a global trade war that pre-existed the trump administration they put it in the context of simply fighting back against what they see as unfair trade practices by china despite those concerns that we saw in the market yesterday about the president's trade maneuvers, about the president's maneuvers and rhetoric on amazon, peter navarre came on cnbc yesterday to say the market is getting it wrong. >> everybody needs to relax, look at the chess board here look, this economy is just strong it's not just the u.s. economy we have this synchronicity globally where europe and asia, latin america are doing well moving together on this. that helps everybody again, relax >> the message from the white house is to relax about the president's trade maneuvers. so fascinating in the moment yesterday brian. we had larry kudlow going over to the oval office for his first

eamon javers is there with more. >> good morning. house is keeping a little bit mum about what exactly cook's schedule is but just a few moments ago our eagle eyed camera man did capture images of tim cook leaving the southwest gate of the white house which indicates he was in the white house already today and walking across the street to the u.s. trade representative's office there you see tim cook along with his -- what we're told is a sizable entourage, popping over across the street to meet with the u.s. trade representative and we know from canadian media that members of the canadian delegation are in the u.s. trade representative's office now as well perhaps there is an ongoing discussion of nafta taking place, not clear if that is the same meeting that tim cook is in, but clearly there you see the ceo of apple, one of the most prominent companies, just going for a stroll in downtown washington, d.c. we know he will be back here at the white house, carl, by about 1:45, when he's going to be meeting with president trump not clea

eamon javers, we have been watching mark zuckerberg on his visit to the hill, and now these headlinesut of the cabinet meeting. >> we have some mark zuckerberg news at the white house, too larry kudlow criticizing mark zuckerberg's fashion sense earlier today here at the white house, saying he wondered if he'll be wearing a hoodie and t-shirt to congress, that he should get some fashion advice before he gets to the hill that was something that happened here at the white house. also, we're monitoring this cabinet meeting where the president has just said he's making a decision now within the next 24 ho48 hours on what to do in response to the horrific attack that we saw in syria over the weekend. the question is, what are the military options on the table for the president of the united states and how is he going to respond to the possible russian involvement in the region, guys. >> let's get to the president. >> begin by condemning the heinous attack on innocent syrians with banned chemical weapons. it was an atrocious attack it was horrible. you don't see things like that as bad as t

kim jong-un just in the last couple of weeks and faces the confirmation which is yet to happen eamon javers is standing by with more on the remarks from that meeting where he is sitting down with the japanese prime minister >> reporter: one thing that strikes me is that the white house is making a full court press here on mike pompeo, the cia director, to be the secretary of state the white house held a background call here for the reporters traveling with the president to make the case that pompeo was qualified to be the secretary of state and you think at least part of the president's motivation here in putting out the news that pompeo had been to north korea to meet with kim jong-un was to show pompeo in the statesmanship light, not just cia director directing clandestine operations, but also a diplomat traveling the world and talking to the highest level diplomatic contacts the united states government has sort of a twofer there the background here is very much about this president trying to reset what he sees as an unfair trade relationship with the japanese government saying right the

the dow is currently up 344 points eamon javers joining us from the white house with more on that. the president consumed now with foreign policy, with geopolitics across the board, whether it's syria, the china trade matters and now even reports of a sit-down with the north korean leader >> that's right, scott you saw john bolton, his new national security adviser whose first day is today, sitting just behind the president there at that cabinet meeting so a new cast of characters in many ways with larry kudlow there as well, here at the white house advising the president on all of these issues. one comment that i wanted to flag for you there, the president talking about american farmers who have been potentially hard hit by a list of potential tariffs that the chinese have released that would be in retaliation for u.s. tariffs. soybeans and other products of americans. the president saying the farmers are great patriots, they understand what they're doing is for the country. but the president also saying we'll make it up to them, which raises the question of whether or not the pre

eamon javers is in florida he joins us right now.not have been as much progress as the japanese minister hoped. >> reporter: that's right. they agreed to continue talking. they have a warm relationship. the white house points out again and again, this is the foreign leader the president has spent the most time with but shinzo abe will be leaving here from south florida without the agreement on the tariffs he wanted an exemption like other u.s. allies have got on on the steel and alluminum tariffs. he wanted the united states to jump back into the tpp despite the rhetoric on the transpacific partnership last week, he's not going to get that either it looks like the president says he wants a bilateral deal between the two nations. no indication that will happen any sime time soon either. the president defend his tariffs, saying it's important as a negotiating tool. where he said. >> i will add the 232 having to do with alluminum and steel tariffs. 30% in one case, 35% and 10%, that it's got us to the bargaining table with many nations

you can see we're moments away, eamon javers at the white house, as we all await this news conference climate, trade, iran we can expect the two leaders to discuss all of that. >> that's right. a lot of topics for this press conference between the two leaders today. topic number one on the minds of just about everybody in the room here, is going to be the fate of the iran deal. the president earlier today called it insane and ridiculous. the president of france, emanuel macron, is here in large part to urge the president to stay into that deal. so we'll see how that works itself out during the course of the day today. one hint we have seen so far is that the president also said he's looking forward to doing something on the iran deal he also said he and macron are, quote, close to an understanding on a deal. now here's the president >> thanks so much. we just saw the first ladies of the united states and france make their way into the room as well as everybody stands now for the entrance of the presidents of france and the united states again, the news conference, they'll make their r

. >> eamon javers will bail us out here he's in washington >> he can't bail us out. >> you're lookingo me for that i'm no help. >> you don't want a flawed candidate in there >> joe gave you all the headlines and all the news, let me recap it for you. >> the republican senator from nebraska was in the meeting with the president yesterday, and he came out -- this was a meeting with agriculture state lawmakers, and ben sass came out and told everybody that the president ordered robert lighthizer and larry kudlow to go back and look at tpp. that was a surprise and it was met with reception from those ag state lawmakers in the room this was really well received ben sass went out of his way to go out and tell us all about what the president had done. as you mentioned, joe, here's a clip you might to the have seen before the president was warming to tpp as early as january. here's what he said back then. >> are you opening up the door to reopening tpp >> we would only do tpp if it was a substantially better deal. the way it was structured was terrible if we did a substantially better deal, i

now, events in washington have been key eamon javers is live in d.c. with more. >> that's right. sarah huckabee sanders weighed in on the stock market selloff we've been seeing this afternoon. she was asked a question about whether the president bears any responsibility for the selloff we've seen over the course of the year here's the question and how she answered it. >> the dow is down nearly 4,000 points since january 26th. does the president, the administration believe any of that decline is attributable to any of the president's actions concerning the tariffs the president has announced on steel and aluminum, perhaps the tariffs the president intends to impose on china? anything related to what the administration has done since that time period >> we're focused on the long-term economic principles. let's be clear the tariffs that we're talking about with china have not been implemented and are months away. the president has cleared the way for a strong economic environment through the tax cuts, through deregulation we're going to continue pushing forward on long-term economic

. >>> welcome back to "closing bell," i am eamon javers chinese tariffs were announced this morning this trade official saying chinese tariffs were in attempt to intimidate the trump administration the trump add mministration wil not back down. described as u.s. effort on trade as a real effort by the united states to get china to change its ways and said that china is good at promises but not good at delivering on them we'll see whether the tic-for-tac here continues on throughout the week. i talked to a white house official last night suggesting that it is all under is discussion kirsten neilson is briefing reporters right now at the white house's press briefing room and she has said the president and the pentagon are working together to deploy the national guard at the border with mexico as the president discus in the ite house erday. the national guard is going to the border with mexico, more details on that, back over to you. >> eamon, thank you very much on that of the back and forth continues between u.s. and china. we got 34 minutes to go before the bell we rallied nicely the las

we will go to eamon javers for that. >> reporter: we just got a statement saying he is grateful for thetment. tom led the white house's efforts to protect homeland from terrorist threats, strengthen defenses and respond to unprecedented series of natural disasters. president trump wishes him well. no indication from this of who they have in line to succeed tom bossert or what if anything was behind the resignation. there are a number of moving parts afoot here at the white house. we have a new national security adviser in john bolton and the president canceling his trip to south america and we have that fbi raid on the president's personal attorney's office yesterday. a lot of moving pieces here at the white house but not clear how the homeland security adviser's resignation fits into all of that. nothing from the white house yet on exactly why this has happened or who might replace tom bossert but simply the president wishing him well. >> we'll wait for more answers. another white house staffer on growing list of ones who resigned or left the white house. >>> with the testimony now onl

eamon javers hasthe latest of that >> there is a very large crowd of reporters here at my left waitingo see if he comes out we know that's the way he went in the white house has been playing this very close to the vest in the last couple of hours we did see him emerge from the white house from an earlier set of meetings and go over to the trait representative's office. those are the pictures you're seeing there earlier today we have not seen him since the meet i meeting began. but the president was tweeting out he was looking forward to the meeting. and also saying he wanted to talk about trade and pointing out that the u.s. has been treated unfairly for many years by many countries on trade the president sort of laying out a marker there for what his perspective on this meeting is you know that tim cook has said recently in china that he thinks calm heads needs to prevail in terms of that. it's unclear whether he thinks those are in operation in the white house. there are a lot of doors to this building, so we're not sure if we'll be able to talk to him >> but he does seem like one ex

let's go to eamon javers who is covering all of this and has more on what we just heard. >> that reallythe tone for the negotiations over the future of the iran deal. the president calling the current iran deal insane and ridiculous and says we will discuss it because he knows macron does want to discuss the united states staying in that deal. he is giving macron at least the ability to put it on the agenda, but, boy, his attitude toward it came through loud and clear and that threat, a very bellicose threat to the iranians if they were to restart their nuclear program in the contingency that the united states would get out very much saying the iranians would have bigger problems than they have had before. there was a little bit of small moment that passed by but the president was asked if he is considering a pardon for michael cohen, his attorney who has been under some legal pressure in new york state. the president didn't answer that and glared at the reporter who asked the question and said stupid question. the president clearly did not want to get scandal related questions in the m

larry kudlow appeared on cnbc earlier and president trump talking trade a short time ago, eamon javers is joining us now >> reporter: that's right, the president held a cabinet meeting here at the white house early today. he had a message directly for the agriculture sector of this country could be hard hitting chinese tariffs. here is what the president had to say to them directly. >> during the course of a negotiation, they want to hit the farmers because they think that hits me, i would not say that's nice but i tell you our farmers are great patriots they understand that they're doing this for the country and, we'll make it up to them. the president there is saying we'll make it up to them they do indicate that they think there will be a plan for u.s. agriculture to put in place from the white house and the agriculture department if those chinese tariffs end up going into effectme all of these is theoretical at this point they have a plan for agriculture to backstop it today, larry kudlow o, on cnbc, had a clear idea on who to blame. >> please don't blame trump. blame china. china

. >>> this afternoon, shinzo abe is visiting president trump in mar-a-lago and eamon javers. >> reporter: this is preparation for the summit, president trump and the leader of kim jong-un, it does not have a specific time line yet the u.s. side wants to meet with the japanese side to make sure they're taking all their concerns and security concerns the other main subject here is trades i had an opportunity to ask larry kudlow in a briefing what the president have said to him on tpp and whether or not the united states is engaged in the japanese side on reopening and revamping negotiations with the japanese larry kudlow says he does not think anything is going to come from that. he says there is been discussions and considerations of tpp they have broke the subject with the japanese side. he says noithing concrete have been done before that's where that stands and another item that's possibly on the agenda here is revise 232 tariff exemptions for the japanese we'll see the two leaders meeting here and we'll see the two first ladies going on an event here today they'll have dinner later th

eamon javers joins us. >> the president confirming just within the past couple of hours that the ciatially had not commented on media reports the president onfirming that via a tweet. mike pompeo met with kim jong-un in north korea last week meeting went very smoothly and a good relationship was formed details of summit are being worked out now denuclearization will be a great thing for world but also for north korea. after the president sent that tweet, the white house clarified the pompeo visit occurred not last week but over easter weekend. so the diplomacy behind the scenes here has been under way for some time. not clear exactly when that meeting will take place. they say they're working on about five different locations as possible sites for the meeting. the early speculation is they'll meet at the dmz because that will be the earsiest location fr everybody to get together. also on trade. tpp. larry kudlow out yesterday saying, in fact, there's not really much going on on the renegotiation of tpp saying it's not really a fully embraced policy at this point some conversations ha

action as we head into the close dow with 382-point gain, up over 1% let's start in washington with eamon javersnd a look at how closely the president is watching this stock market lately >> reporter: hi, kelly he's always watching the stock market today he's in white sulphur springs. he touched on china and tariffs. that's the issue rattling the market this is week as you talk about that 1,000-point turn-around in the past 30 hours. the president very much defending his administration's actions on tariffs and on china. here's what he said. >> you have to go after the people that aren't treating you right. in many respects, i think we'll have a fantastic relationship long-term with china, but we have to get this straightened out. we have to have some balance that goes for other countries. >> reporter: that's pretty much what you hear when you talk to officials behind the scenes at the white house. in terms of the stock market and the trade agenda, the president views the trade agenda as a long-term problem he simply has to fix this is something he campaigned on that's an important thing to his c

eam eamon javers. >> the reason for the raid was that officials were looking for information having to do with two women who have said they had affairs with president trump in the past decade. one is karen mcdougal and the other one is stephanie clifford who's the porn star who goes by the name stormy daniels. it is not clear what they were looking for within that sub areare subject area it is not clear if they found anything if they were looking at something in michael cohen's office, the president's attorney, they would have had a strong suspicion going en. it is not clear what specific crime they are looking for nbc news is reporting at this hour that the search warrants that were used in this case were signed off personally by the deputy attorney general rosenstein that raises the stakes a little bit going up to the highest level of the department of justice and not recused from all of this. jeff sessions is recused no comments from the white house on that revelation this afternoon. they are commenting on the big news of the day and that's the departure of the homeland security thi

. >> good point, thank you eamon javers in washington nancy, to you, the market's approximaproxy fornternationa leads the dow. does that mean the market wants to see movement and actually get that big trade deal signed or more, you know, look, if the president's open to it, hey, maybe we don't fear the trade war rhetoric in general so much? >> yeah. i think that it's a couple of things i mean, the company has quietly been just reporting really good deals, lots of new orders signed, the deals are moving along, companies' profitability quite remarkable, which is why we've been in the stock, and it has traded as a proxy for china trade, but it's really not nearly as exposed as some other companies so people use it in that way and positive it's recovered and up pretty nicely for the year >> boeing up 3% today, guys, what do you think of it? mike >> i think it is part of the market's effort to say maybe the temperature on the trade issue is kind of going down a little it wanted to go down i think investors view this whole tariff as an unforced error in terms of economic policy true or not

eamon javers standing by >> sarah huckabee sanders just wrapped up her briefing here at the white house. she was asked about the stock market decline we're seeing this afternoon. asked whether or not it gives the president any pause to see the stock market down, at that point, more than 500 points. potentially as a result of his actions. here's what she said >> we're focused on the long term economic principles let's be clear, the tariffs that we're talking about with china have not been implemented and are month away the president has cleared the way for a strong economic environment through the tax cuts, through deregulation we're going to continue pushing forward on long-term economic principles, but at the same time, we're not going to allow a country like china to continue to have these unfair and illegal trade practices. >> sanders was also asked whether or not the president bears any blame or thinks he bears any blame for the stock market declines that we have seen so far this year. she didn't want to respond to that question. she said simply that the president has been responsib

e-mail eamon javers has more. >> reporter: a headline from bloomberg.loomberg suggesting there are no ongoing white house talks about action on amazon they're citing sources on that report i can tell you that i just spoke to a white house official about that report. and the official was under the impression that was an old comment from last week there's a lot of confusion here inside the white house about whether or not the president plans on taking any action at all on am sdmron if there's any policy heft behind the president's tweets we've seen today i've asked a number of officials throughout the day i haven't gotten any specific example of any specific action the president wants to take here nonetheless, he renewed that fight with amazon today on camera in the cabinet room during a meeting with the baltic states in which he took a question on amazon here's what he said. >> the post office is losing billions of dollars and the taxpayers are paying for that money because it delivers packages for amazon at a very below cost and that's not fair to the u

eamon javers joins us with more. eamon? >> reporter: good morning, becky.e a full day of pomp and circumstance in washington, d.c., today as the president hosts his first state visit with president macron we'll see a full dress state dinner this evening. macron arrived in washington yesterday. it all began last night with a dinner between the two leaders at mount vernon. the two leaders and their wives got a tour and held an intimate dinner at mount vernon last evening to begin discussions macron on his arrival to washington laid out some of what he says will be on the agenda here here's what he said. >> during the state visit, we will have the opportunity to discuss a lot of bilateral issues and to discuss about our security, about trade, and a lot of military issues important for our country and beyond our two countries. this is a great honor and i think a very important state visit given the moment of our current environments >> reporter: trade and tariffs will be on the agenda here between the two leaders. but also on the agenda and probably front and c

. >>> more news on the president from eamon javers down in washington. >> reporter: we have an official readout on the president's meeting with larry kudlow in the oval office. it was the first meeting with larry kudlow want a whole lot of news in this official readout but they say the president is glad to have director kudlow on board following decades of experience in both the private and public sectors, including at the white house under president reagan they go on in the readout here to cite a number of economic statistics, underscoring how strong the white house sees the economy being at the moment. they don't say, however, what was discussed in this meeting. they don't say whether they talked about today's market selloff or some trade worries that have been affecting the market throughout the afternoon that you guys have been talking about. still, larry kudlow's first official meeting with the president in the oval office as national economic council director has now concluded. >> eamon, i like the whiskers. >> reporter: thank you we all made bad decisions on spring break. >> i th

director mike pompeo, in an effort to pave the way for that meeting with president trump maybe eamon javers- which month is it going to be now? next month or june >> they're saying may or june, joe. we don't know for sure the president says we'll see if it happens he's not entirely confident this meeting between himself, the president of the united states, and the leader of north korea, kim jong-un, will actually happen they're looking at five locations now for where that meeting could take place the speculation and the best guess here is they'll have to do it at the dmz. you talked about that mike pop pay yo me pompeo meeting there were reports that pompeo had direct talks with kim jong-un, that would be a remarkable turnaround in the relationship between the united states and north korea even though the white house is not commenting officially, it may have been what the president was referring to yesterday when he said this >> we've also started talking to north korea directly we have had direct talks at very high levels, extremely high levels with north korea. and i believe there's a lot

before friday's summit with south korea, north korea is saying they will freeze their test program eamon javersns us with reaction in washington he's got enough material for 30 bombs theoretically? that's what i saw as an estimate >> yeah. >> i haven't seen any signals that they're willing to actually get rid of those, which it looks like what trump is going to want some of the rhetoric it's not going to be a walk in the cake, as they say. >> administration officials over the weekend were saying what they want from north korea is what they call full denuclearization, not just some steps towards denuclearization so we'll see where that goes but the president returning to washington last night after a week in palm beach, florida. the president's focused very much on north korea after the positive statements that you mentioned from the north korean side on suspension of those tests. that's some progress the president hoping to capitalize on that moving forward. a couple of tweets to bring you up to speed on the first one the president simply saluting the north koreans for what they have said here

eamon javers joins us with more from walk washington >> good morning. such a fascinating moment in washington as we saw those concerns about the president's trade agenda and some of his rhetoric around amazon impacting the stock market yesterday but peter navarro, the behind the scenes architect of the trade policy came on cnbc yesterday to say the market was getting it all wrong here's what he said. >> the market is reacting in a way which does not comport with the strength, the unbelievable strength of president trump's economy. everything in this economy is hitting on all cylinders because of president trump's economic policies we cut taxes, that is stimulating investment in a way which will be noninflationary that will drive up productivity and wages. that's all good. mick mulvaney at omb is orchestrating one of the best deregulation events since the reagan administration. that's supply side benefit to the economy that pushing inflation down and growth up >> i talked to a white house official yesterday about the stock market slump we saw late in the

no word yet if on the official agenda let's get over to eamon javers do you have any insight on what they'll talk about >> i don't i've been e-mailing folks over at the white house and at apple to find out. all of there comes as the president is approaching the trade issue with china and apple does a lot of business there yesterday was a full day of foreign policy for the president and an evening of foreign policy as well as he hosted emanuel mac john for the first official state visit of this presidency early in the afternoon the president had some tough words for iran on the possibility of what would happen if iran restarted its nuclear program if the united states pulled out of the iran deal. here's what he said. >> they won't be restarting anything they restart it, they'll have big problems bigger than they ever had before you can mark it down they restart their nuclear program, they will have bigger problems than they have ever had before >> later at a joint news conference, macron and trump seemed to suggest that they had been making progress on a further iran deal. macron laid

aim mon jave eamon javers joins us >> the new national economic council director who has not been necessarily a fan of the president's tariffs comes into office now at the time in which the president is talking about tariffs. and as you guys were just discussing a little trade skirmish brewing between the united states andchina the president tweeting yesterday about mexico here's what the president said yesterday. mexico is doing very little if not nothing of stopping people flowing into mexico through their southern border and into the u.s. they laugh at our dumb immigration laws they must stop the big drug and people flows or i will stop their cash cow that thanafta. need wall. those negotiations with canada ongoing. and the chinese announcing retaliatory tariffs on the united states. here's what we know about those tariffs. meat, food, and other products they're in retaliation for the president's steel and aluminum tariffs. and they're going to hit 128 u.s. products. the question is now, does the united states take further action on china or is that where this ends and the dust settles a l

eamon javers is live >> you're not going to see me because i will be in florida at mar-a-lago tomorrow. the president will be down there. i'm leaving right after this to jump on a plane and get down to florida. hope you have a great trip to washington where everybody is talking about this james comey interview last night exclusive interview on abc news with george stephanopoulos he fired rhetorical broad sides at president donald trump. here's what he said. >> our president must embody respect and adhere to the values that are at the core of this country. the most important being truth this president is not able to do that he is morally unfit to be president. >> morally unfit to be president is about as tough's told me about the allegations, that the russians have some kind of damaging material that they're holding over the head of president trump. here's how comey responded to that. >> do you think the russians have something on zplump. >> i think it's possible these are more words i never thought i would utter about a president of the united states i'm not certain. >> that's stunning

eamon javers joins us with the latest on this story >> that's right.dramatic escalation of the investigation into the president and the people around him yesterday as the fbi agents raided the office and hotel of michael cohen. the president reacting very strongly to that news yesterday at the white house he was holding an event with senior military leaders to talk about syria. but he opened up by blasting the fbi. here's what he said. >> so i just heard that they broke into the office of one of my personal attorneys. good man it's a disgraceful situation it's a total witch hunt. i've been saying it for a long time i've wanted to keep it down. we've given i believe over a million pages worth of documents to the special counsel they continue to just go forward. >> he called this an attack on our country, an attack on everything we stand for as americans. meanwhile, michael cohen's own lawyer reacted angrily as well here's the statement from him saying exactly what the fbi swooped up here. he said the decision by the u.s. attorney's office in new york is

president trump proposing an additional 1$100 billion in tariffs on chinese goods eamon javers is here to help break it down. axios says this could be a bluff. what is this >> the president has a history of bluffing on a lot of big subjec subjects that's the why the market is digesting this we got announcement a little before 7:00 p.m. last night. the wording here is significant. the president said in light of china's unfair retaliation, i've instructed the u.s. trade representative to consider whether 100 billion of additional tariffs could be appropriate under section 301 of the trade act and if so to identify the products upon which to impose such tariffs i asked a white house official for an explanation of what the president's thinking is here the official said that the president is simply sending a message to china about consequences all of this is unpopular with agricultural state senators, whose constituents will bear the brunt of this. look at this comment from ben sasse last night, hopefully the president is blowing off steam again, but if he's even half serious, this is nuts.

thank you, eamon javers. >> see you, guys >>> as much as i hate to do it, we'll change the subject andet back to the markets. investors watching earnings and bonds, all of this happening amid rising rate concerns. joining us is edward campbell from qma and kathy jones from charles schwab kat kathy, let's start off by talking about rates yesterday. 2-year at a 9-year high and the 10-year pushing 3% is this for real >> it looks like it. the culmination of the beige book was strong this week. philadelphia fed index showed a lot of price pressures in the pipeline, some tightness in labor markets. and so it leaves the fed with very little choice probably but to go ahead and continue on the rate hike path then we have the big surge in commodity prices to add to it. most of this the result of trade disputes, the sanctions, but nonetheless, the price pressures are there. >> all in all, rates are rising for the right reasons, right strong economy >> yeah. i would say the surge in commodity prices is not demand driving it it's other factors so the sanctions on russia, on the trade disputes are b