eamon javers is live good morning, eamon. >> reporter: yeah, good morning, guys it's been very fiery here for the beginning of the nato sum 34i9 you're talking about the new chinese tariffs. take a look. 10% tariffs on $200 billion worth of chinese goods and that means it's going to undergo a two-month review on august 20th to the 23rd. the united states here striking directly at that aggressive economic expansion initiative by the chinese. we'll see what the chinese reaction is here that's bound to have some impact on the markets as you've been talking about this morning meanwhile, here in brussels the president of the united states coming out very aggressively with some harsh words for germany in its opening salvo at nato here's what the president said. >> if you look at it, germany is a captive of russia because they supply it. they got rid of their call, they got rid of their nuclear getting so much of the oil and gas from russia. i think it's something they have to look at i think it's very inappropriate. >> the president very critical of germany coming out swinging no reaction

in brussels, i'm eamon javers in "nightly business report". >> president trump nominated federal appeals cou judge judge kavanaugh to the supreme court. >> of a nau is a former clerk to retiriustice anthony kennedy. if confirmed he could shift the balae of the court to the right, and he could also shift business.ape for >> ahead of the fierce confirmation battle judge brett kavanaugh began meeng with key lawmakers on capitol hill today beginning with senate majority leader mitch mcconnell. kavanaugh served on the u.s. court of appeals for the d.c. ci auit which hea high volume of cases on government regulation. on that topic his record is clear. >> he is generally suspect of the administrative state and one, i think, he wants to restraint and force congress to be more explicit in the laws that it writes. >> he voted to limit obama-era regulationsding epa rules on greenhouse gasses and hazardous air pollution. fccing regulations on internet traffic and he found the consumer financial protection bureau and now the bcst unconstitutional and his rulings have been s narrow inpe. >> when you l

i'm eamon javers in brussels. >> broadcom may be closing in on ca technologies.weeg tonight's market focus. after the bell "the wall street journa reported the chipmaker was close to acquiring software firmor about $18 billion. the deal would come just months after the white house blocked shares of broadcom initially fell in after hours and they finished the regular day on the down side by nearly 3% to 243.44. meanile, shares of ca tech initially rose in extended hours and finished the regular day up a tick to 37.21. >> activision blizzard is bringing its esports video game league mainstream, inking a multi-year deal with disney to broadcast matches on espn and abc starting today. e deal highlights t growing popularity for esports gaming and some market watchers expect to reach into the billions of dollars in just a few years. activision's shares climbed 3% to $78.61.10 disney rose to04. pfizer says it plans to reorganize into three parts in innovative medicines division and established medicines unit and its consumer health care business. the drugmaker is m stil

john harwood in washington, you have some more color >> look, i think eamon javers's point right now about that election offer highlights the point we were discussing before this meeting happened. the president would -- the reason he would be open to that idea is that he would then have the russians assisting the argument that he made while standing side-by-side with vladimir putin about discrediting the fbi this was a case, as we discussed before the press conference of the president being most animated in defending his personal interests rather than tints of the american democracy. he placed vladimir putin's denials on equal footing with the assertions of the american intelligence community, including of his own director of national intelligence dan coates and simply elevateed a bad actor on the world stage and vladimir putin just as dein the north korea summit with kim jong-un. in bolt cases there is no reason to think that there was any benefit for the united states of america in those meetings, and the president benefitted those countries. he elevated kim and he, in effect, ushe

eamon javers in brussels with the latest on president trump's overseas trip. williford frost in london. >> focus on economics and politics. >> kayla, we begin with you. >> we are getting mixed signals on trade with china from the trump administration. zte is now able to deposit $400 million into an escrow account at which point the government will lift a supplier ban. that deal was a personal request of china's president and comes as the u.s./china trade war is heating up with china's retaliation leading the trade representative to issue a new tariff. it could be imposed at the end of august. the top u.s. trade official says china wasn't responding to previous levels so the stakes needed to be raised. republican lawmakers are not on board with that strategy. >> what worries me is the fact that i know that no one at the white house can articulate what it is they are hoping to accomplish. that's what worries me. >> reporter: corker is among lawmakers pushing for congress to get the right to block tariffs coming from the white house. just earlier today the senate

let's get straight to eamon javers for the latest. hi, eamon. >> melissa, that's right you don't often hear the president airing unvarnished opinions about the fed and what it ought to do, but nonetheless that's what we have from president trump in his interview with joe kernen here at the white house and here's what the president said earlier this afternoon. >> i've been a very good man of the fed, and i don't necessarily agree with it because he's raising interest rates i'm not saying that i agree with it, i must tell you, i don't i'm not thrilled because we go up and every time we go up they want to raise rate again and we don't really -- i am not happy about it, but at the same time i'm letting them do what they feel is best, but i don't like all of this work that goes into doing what we're doing you look at the euro and you look at what's going on with the eu and they're not doing what we're doing and we already have somewhat of a disadvantage although i'm turning that into an advantage for years we've been losing $150 billion wit

let's check back in on the nato summit in brussels eamon javers joins us again.ou are. probably the nicest part of brussels, huh? >> it's fabulous here. it's beautiful weather, too. there's a chocolate shop and pubs the other thing we need here is news from this nato summit we're getting some response now from angela merkel, the chancellor of germany responding for the first time to the aggressive comments we saw from president trump this morning merkel suggesting there's nothing to the president's allegations of russian influence in germany merkel saying the germans make independent decisions on their own and develop policies on their own. we'll see how that goes between angela merkel and donald trump later in the day today we're not expected to see that on camera. but we will, i expect, get a read out they continue to press home his criticism of germany and in particular a pipeline between russia and germany that leads them to send money to russia and put european security at risk. here's the exchange this morning that ruled this. this was at breakfast between

aym eamon javers is keeping up with the latest for us. hi again, eamon. >> reporter: good morning.oming out sharply critical of germany, a u.s. ally, by saying they are, in fact, held captive by russia because of an oil and gas pipeline from russia to germany that the spth critical of and says that the germans are, in fact, sending money to russia at a time when they are asking for money from the united states to help defend europe militarily the president opening with the controversial remarks, sort of rattling the cages of a lot of the nato administers here in brussels today but then we saw a few hours later the president side-by-side with angela merkel with a different take on the relationship here's what the president said on that occasion >> we have a very, very good relationship with the chancellor we have a tremendous relationship with germany. they have been a tremendous success and i congratulate you and i believe that our trade will increase and lots of other things will increase, but we'll see what happens over the next period of a few months >> reporter: so the presiden

just yesterday online i was joking with eamon javers, i said i'll take 4.1 in the office pool do you think it will be a 4 handle >>ya we're expecting 4.5. so, you know, 4.5% is pretty strong growth. that's our expectation now >> what would that mean for the market does that mean stocks soar does that mean the ten-year yield goes back above 3% or, because the markets are a discounting measure, is this already baked into the souffle >> not only is this already baked in, but if you look at what happened with facebook today, that's a canary in the coal mine. what the 4.5% is telling you is what happened before it's not telling you what's going to happen. and the markets are looking forward to earnings forecasts and earnings profit warnings that basically suggest that we have to slow from here and that slowing doesn't have to be negative. it just is that it's on a comparable basis it will be challenging. we will start to slow. the markets are starting to discount growth. so the valuations we've seen over the last 12, 18 months are now unsustainable. facebook, i think, was a repricing. if

. >> let's bring in eamon javers live from washington with more the fed is an independent body from the executive branch, it doesn't appear as though president trump wants to maybe keep it that way are his comments considered maybe interference or is this just something where he's speaking more off the cuff >> look, the fed is an independent body, but its chair is appointed by the president of the united states. so to that extent the president has an enormous amount of power over who runs the fed. in this case you listen to that sound bite, what you hear is the president saying he's not happy with them raising rates. he's frustrated because he feels like he's putting in effort to the economy and that effort will be diluted by the fact that the fed will continue to raise rates throughout the year. listen to what he said, he said i'm letting them do what they feel is best the president in his mind, by saying i'm letting them, you get the sense that this is a president who feels he has the fed on a leash to some extent and he's allowing that leash to be relatively long now, but he also fee

astonishing moment after astonishing moment here this afternoon. >> eamon javers wrapping up this historic press conference, this historic meting in helsinki. we'll bring in ambassador nichols burns to break this down ambassador, you have been following this all day including our air here on cnbc with this press conference wrapped what's your initial take >> two positive developments first the agreement that both leaders talked about to get back to nuclear arms stability and look at reinforcing the starr agreement, the long term agreement and doing something about the immediate forces treaty on the surface it sounds positive second what also sounds positive they found a way to separate iranian forces that are close to the golan heights within syria and therefore protect israel you saw president trump an president putin both talked about this i think that was positive as well what was extremely negative, in my view, was president trump's refusal to say a single word of criticism about the fact of the russian cyber attack on our election we now have a grand jury indictment talking about a cr

to monitor that conversation with steve bannon, of course, taking place at alpha let's bring in eamon javers, cnbc contributor, and dan clipton. eamon, i'll start with you he said very clearly, the trade war with china ends in victory what's your take >> michelle caruso-cabrera walked him through there a number of recent news items and got him to make a number of headlines here the first one, steve bannon thinks the president's performance in helsinki was fine and he didn't have the command performance that he had in singapore. i think that will be a comment that will be remarked upon widely, and i think he also said that the president gravitates toward people who have strong personalities in terms of president xi, president putin and erdogan in turkey, but bannon says he's fine with that because ultimately the president is leading here from a position in strength, and that will be a widely remarked-upon comment t the meddling did happen in 2016, but it was on the margin that is that the president -- it appeared to be the president was suggesting as steve bannon was suggesting that the presi

statements we heard from president trump and russian president vladimir putin let's get back to eamon javershelsinki about what we just heard. eamon, you know, these are formalities at this point. but anybody who was looking for a tough message coming from president trump didn't get it there. >> reporter: yeah, a couple of things stood out to me the stern faces on these leaders here you get a stens both understand the stakes for them internationally and back home. also struck by the fact the president opened with a bit of flattery congratulating president putin on the world cup. and the president brought up a topic that hasn't been that much discussed when listing what was on the agenda today. a lot of folks focusing on ukraine and syria, but the president also said they'd be talking about china. what exactly does president trump hope to accomplish with putin in terms of china? of course the president's been sort of triangulating against china in terms of trade. does he hope to leverage russian support in terms of trade. that was one of the topics that hadn't been the focus of many people go

eamon javers is live in brussels with all the latest. eamon. >> reporter: that's right, tyler, it's cocktail hour in brussels meaning they had time to do the family photo that you're talking about the famous vision of all the nato leaders gathered together and, of course, we saw the president and first lady arriving at nato headquarters earlier today for that cocktail party. some shots came out over the media of the president and angela merkel talking with the first lady so it would be interesting to see what they said to each other privately. the president has been pressing germany all day long, beginning at breakfast, when he said that germany was really held captive by russia because of their energy deals with russia and the oil pipeline from russia to germany the president also tweeting this afternoon his criticism of germany and nato what good is nato if germany is paying russia billions of dollars for gas and energy why are there only 5 out of 29 countries that have paid their commitment they must pay 2% of gdp immediately, not by

to concerns about supply with slowdowns already evident in countries like libya, venz ezuea >>> eamon javersve not seen scott cohn over there, have you, walking around i mean, he's doing his -- huh? >> i have not seen him we've been doing a lot of research here. we went to the belgian beer museum yesterday dropped by there gathering a lot of data. that's what we're doing here >> the beer museum is there any drinkable beer there, eamon >> they specialize in beer here. they've got beer, steak. fabulous eating here the mussels are spectacular. the president doesn't come until tonight. but we'll get some tape up for you as soon as we get that available. the president firing off a tweet here on his way to e the nato summit this is the annual nato summit it's a traditional event this is going to be unlike what we've seen in the past tweeting this morning, getting ready to leave for europe. first meeting nato the u.s. is spending many times more than any other country in order to protect them. not fair to the u.s. taxpayer. on top of that, we lose $151 billion on trade with the european union the p

thanks very much eamon javers for us in d.c >>> many analysts have said there can be no winners in a find out if that is true. whirlpool, which were one of the first tariff targets, reports earnings in a few minutes. so of course we'll bring those down for you >>> and more tesla troubles. ki f runasngorefds >>> welcome back to the closing bell on oig. shares of amazon falling but finishing of on the lows after the president went after the company yet again. trump tweeted the amazon "washington post" has gone crazy against me ever since they lost the internet tax case in the supreme court two months ago >> and he followed up saying in my opinion the "washington post" is nothing more than an expensive, paper loses a fortune, lobbyist for amazon it is used as protection against antitrust claims which many feel should be brought question mark. leaving that open here hooe here to discuss are our "fast money" traders amazon has been the target of his tweets before. he did use the antitrust word though is that threatening or are you a buyer? >> last time he did this was three weeksish befor

eamon javers will have some comments on this. we'll talk to him.ll take a quick break and we'll also talk to delta air lines and the ceo because the company is set to report some numbers. we'll have an interview with ed bastion. we're less than a week away from a alpha conference. we'll also be hearing from former white house chief strategist coming up next wednesdayall day on cnbc. stay tuned. you always pay your insurance on time. tap one little bumper and up go your rates. what good is your insurance if you get punished for using it? news flash: nobody's perfect. for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. switch and you could save $782 on home and auto insurance. call for a free quote today. liberty mutual insurance. ♪ liberty. liberty. liberty. liberty. ♪ 2, down. back up. our phones are more than just phones. they're pocket-sized personal trainers. [ upbeat music playing ] last-minute gift finders. [ phone chimes ] [ car horn honks ] [ navigation voice ] destination ahead. and disco

eastern time michelle >> thank you very much eamon javers capitol hill. >> as trade war words intensify. jaimie diamond issued a warning about further escalation of the trade war with cnn saying if you do another $200 billion in the national security thing about ar cars you are getting close to reversing bifurcates you have seen in the economy. diamond went on to say i would remine the folks that the president's team said there would be no retaliation. they've been wrong president trump is picking trade fights with allies including canada, mexico and the eu with a new president ptd in mexico and upcoming visit from the european commission visit, there a deal on the horizon joining us it guy herb, the former white house representative on the u.s. interagency trade policy committee. guy welcome to the show. >> thank you. >> there is also a recent report in the past couple of hours on bloomberg citing source that is mexico would like to reach an agreement, a nafta fwreemt by the end of august. is that even possible with the president-elect not yet sworn into office? >> well, the president-

i'm eamon javers in washington dow jones has reported a new subpoena has gone out, allen weisselbergeen subpoenaed to testify before a federal grand jury in a probe of michael cohen, the president's former lawyer and it's not known whether he already appeared before the grand jury or what questions the prosecutors from the new york southern district have for him and they're saying that the date of that subpoena could not be determined weisselberg is an absolutely key figure in the trump organization as the chief financial officer he is viewed as one of the top people inside the trump organization who was not a trump himself. he was mentioned in that michael cohen tape of the president of the united states that was released earlier this week on cnn and other news outlets cohen refers to allen weisselberg about using financing involved in financing payments for secrecy running up to the elections >> eamon thanks so much. out of our bure yo in washington, d.bureau in washington, d.c. >>> back to "the blitz," honeywell. you talked about it, 8% or so this week. >> i did i bought it this w

are the two sides on the same page on a trade deal eamon javers has more on what we can expect from thating. it would not seem the two sides are on the same side going into the meeting. tariffs are in the air, so is talk of mitigating the damage from tariffs the president and the administration yesterday announcing some farm aid effectively. about $12 billion worth of aid to farmers it's $12 billion in total funding. this is done to mitigate the damage of retaliation to the president's tariffs in farm country. countries knowing where the political pressure points are, putting those retaliatory tariffs on, so the u.s. saying they will do direct purchase to farmers, purchase surplus crops. all the disbursements will be due by labor day today the president gets set to meet with jean-claude juncker at the white house later on this afternoon. yesterday out on the campaign style rally the president talked about his skepticism about the eu here's has what he said >> what the european union is doing to us. incredible how bad. they made $151 billion last year, our trade deficit with the european

eam eamon javers that the president was quote "unaware" that she was recorded.re are other tapes but the president's legal team are not aware of other substance tapes. >> that goes to the exact point. if the president was not aware that it would seem to be the kind of recording that was not made for trump's benefit as a client but made for some other reason. >> i think also when you read the new york times story that came out today about the tape, rudy giuliani, said well, there may have been some recording but no money was passed. he seems to have knowledge of what was on the tape. all i can say to quote another rapper "something, something just ain't right." >> second one to beat here. your attorney, rudy giuliani, saying that this is exculpatory evidence. what do you take of this? >> we don't know. he's making a claim that he can't possibly support if he has not heard the tape. that'll be the nicest thing. the other thing that i can say is rudy giuliani would seem to be making allegations or claims without regard of the fact that we see him do other at other

eamon javers joins us with all the latest >> the tweet was late night.idnight east coast time president rouhani made a speech over the weekend about oil and the united states. here's what president trump said on twitter last night. directly to the president of iran, never ever threaten the united states again or you will suffer consequence this likes of which few throughout history have ever suffered before. we are no longer a country that will stand for your demented words of violence and death. be cautious. exclamation point. here's what he was talking about. roux ma know over the weekend giving a speech over oil saying do not play with the lion's tail or else you will regret. he also said peace with iran would be the mother after all peace and war with iran would be the mother of all wars they were talking about u.s. efforts to tighten the demand for iranian oil around the world. rouhani reminding the united states in his remarks yesterday that iran can cut off the straits of hormuz and control militarily access to the global oil markets for a lot of

as promised, eamon javers rejoins us now with the details. >> you're right, joe it is the big topic here today see what i did there it is the big topic in washington, d.c. and the trump administration is insisting its going to push forward despite the likes of the chamber of commerce. sarah huckabee sanders was asked yesterday just what the long-term means in terms of the administration's suggestion it's going to push ahead for the long-term. despite short-term paying for some businesses that are feeling the brunt of the tariff retaliation from other countries. here's what sarah huckabee sanders said yesterday >> look, we're not setting a timetable and there are a lot of different negotiations going on. we've made progress on a number of fronts. and the president again is km s committed to making sure we have good deals he'd be happy to get rid of tariffs on all barriers. >> wilbur ross was on cnbc yesterday. he also said there's no set level of market reaction that is a negative market reaction that the administration is looking at here to reverse itself on tariffs and trade. so it's al

eamon javers asked sarah huckabee sanders at the campaign yesterday. here's how she responded >> the president is focused on he willing protect american workers and american industries and create a fair playing feed that's what he wants to do and is hope ting to achieve and we'e confident he will. >> joining us now is john murphy good to have you here. tell us about this campaign. why are you doing it and how are you doing it you going to roll out commercials in key states? what does it mean? >> well, we think trade works for the american economy and tariffs don't. there is as a consequence of the r tariffs that the united states is putting in place, a wave retaliation comes against the american exports about $75 billion worth are going to be facing these this week canada acted on sunday on the 5th and 6th, we'll see mexico and china respond we believe this is going to deal a real set back to the american economy which really is firing on all cylinders right now tax reform regulatory reform. have delivered benefits for the economy. we're worried that c

monitor the event and bring you any headlines from the president in the meantime let's bring in eamon javers >> that executive order is going to create what they call an interagency council in the administration that's going to focus on these issues of the work force of the future part of the concern here that technology changing, robots coming into the work force, companies are having a hard time finding workers because the unemployment rate has come down so far this is about retraining and retooling the work force to get them ahead for the work for the future the white house says they're going to get about 500,000 new opportunities for workers. not necessarily new jobs out of this, but retaining opportunities for people who have been displaced or abilities to get their skills into another field entirely so all of that very much a focus of ivanka trump. as you mentioned she introduced the president just the president had some thoughts on the federal reserve, and their raising of interest rates. here's what he said. >> i've been a very good man in the fed. i don't necessarily agree with it b

. >> eamon javers staying on top of it. >>> we'll dig deeper now to progress on trade and potential pitfalls with david westphal and our economic policy analyst at american enterprise institute. good to have you here. new phrase out of the administration no tariffs, no barriers, no subsidies. i first heard it from larry kudlow but president trump has used it now from steven mnuchkin how likely do you think it is that we can get a deal with the eu that has no tariffs, no barriers, and no subsidies >> zero barriers, zero subsidies, zero tariffs, zero chance that's not going to happen listen, europe was squeamish a lot of political turmoil about the previous failed free trade deal between the u.s. and europe for all these reasons. the existing subsidies have a lot of political support france will got give up its agricultural subsidies those will remain in place a lot of none tariff barriers that were a huge hindrance in previous deals such as health regulations. if that's the message going out to people to create some sort of libertarian perfect free trade zone people will be disappointed >> da

. >> the white house weighing in on the president's comments eamon javers with the details. >> the white house putting out a statement in the past couple minutes about the president's interview earlier today with cnbc, particularly that sound bite that we played at the top of the show. the president describing feelings about the fed appear interest rates white house statement is of course the president respects the independence of the fed as he said he considers the federal reserve board kmar jerome powell a very good man and he is not interfering with fed policy decisions quote i'm letting them do what they feel is best. unquote. the president's views on interest rates and are well-known and his comments are a reit ration of the long held positions and public comments. the white house saying here that the president respects the independence of the fed and that he simply repeats as you point out some of the things he said previously and on the campaign trail in terms of being a low interest rate guy and his other attitudes toward the fed process. but the important thing is the white hous

his tweets following the interview making headlines and eamon javers is live at the white house. tausche is in the washington bureau. eamon. you're up first. >> tyler my apologizes i'm doing it out of the noektd because i got off the phone with the white house official and wanted to relay new information. process. part of what's driving the president's focus here on the fed over the past 224 horsepower starting with the joe kernen interview is that i'm told by a white house official the president is worried that the fed is going to raise rates twice this year. and the president by his very nature li nature is a low interest guy that's sort of what his concerns is all about i'm also told that the president ultimately is not telling the fed what to do and that he gets it in terms of the fed as independence but simply expressing his opinion long held opinion as a builder. i'm also told aides are advisesing the president at this time to simply let the fed do this at this point they are saying the fed is doing it right let it happen the sooner it happens the sooner it's over. that is t

president trump has been holding a cabinet meeting that finished up a short time ago we want to get to eamon javers who's live from the white house. >> reporter: the president got some questions about russia, a topic that's dominated the past several days since his meeting with vladimir putin, but he also took the opportunity to turn to some more comfortable ground on the u.s. economy, talking about what the impact has been on the economy from his tax cuts last year here's what he said. >> before we had the bill passed on tax cuts and reform, it was virtually impossible to get money brought back into our country. now you look at apple, i believe they're bringing in about $250 billion and they're putting that to work in the united states other companies are likewise bringing in billions and billions of dollars. we've never seen anything like this before. i think ultimately the number could be $4 trillion. >> reporter: now, the president also teed up some announcements that he's going to be making tomorrow in terms of the american workforce focusing much of his commentary today on the idea of apprent

you know who i'm thinking about that i might see >> it's possible >> eamon javers is who i'm thinkinghat would be -- obviously a dream come true. don't see him yet. could be any second. >> well, please look out for him. thank you for that >> i will. >> we're looking forward to your interview with peter navarro in a bit. >>> former white house strategist steve bannon made some headlines at the delivering alpha conference yesterday he sat down with michelle caruso-cabrera who interviewed him. she joins us this morning with some highlights. >> we talked about putin, the president's performance in helsin helsinki, situation with immigration and then spent a lot of time on china he's a firm defender of the president and the position the president is taking on china when it comes to tariffs ultimately i asked what is victory? >> how it ends is in victory donald trump will not back off this the chinese are going to blink >> what is victory >> victory is when they give us full access to their markets and victory is when they stop -- remember, the warlordism in china and xi is under, i think,

eamon javers joins us with the latest >> reporter: tariffs are in the swirl.esterday the administration announced plans to aid farmers in light of the retaliatory tariffs put on the united states here's what the farm relief will look like. it will be about $12 billion in funding. direct payments to farmers, and they will purchase surplus crops, and disbursements will be due by labor day the president yesterday out on the campaign style rally talking about his relationship now with the european union ahead of this meeting with the eu commission president juncker today. here's what president had to say about negotiating and setting up this meeting with the european unio union. >> i said you have to change they didn't want to change i said, g we'ood, we'll tariff r cars they send millions of cars, mercedes, all of them. bmw. so many cars i said we'll have to tariff your cars they said when can we show up? when can we be there tomorrow okay? folks, stick with us >> so reassuring message there from the president to his base about the tariff proposals and the idea t

no doubt about that, eamon, thank you. ayman jeamon javers house. >>> and does elon musk have a reason to be pissed off? writing negative articles. looks at his stock, people don't know what they're talking about. look where my stock is they just don't get the story? do you understand why he's pissed >> seems to be doing okay in life i don't know why he would be pissed i think a lot of people believe in what he's doing that's why the company has the valuation it has i think it's been frustrating probably to now execute on that. it's a lot easier to talk about this stuff than to do it, but, you know, look he's got a pretty nice life. i don't know i'd be pretty happy if i was him. >> just speaking for regular shareholders, though, quick comment, if you don't mind say, you think about, take out all the etfs on it the largest discretionary manager activity buying tesla purposefully is fidelity and they're doing this with funds that regular people own and so far it's worked out really well. stock's been a winner and magellan selling it down, but w