a eamon javers rep >> reporter: the table was literally set for lunch in hanoi on thursday but talks between president trump and north korean leader kim jong-un broke down before the two men cld break bread. staffers scrambled to cancel the lunch as well as a planneder signingony in hanoi as the president explained why he walkedth away fro table. >> basically they wanted the sanctions lifted in their entirety, and we couldn't do that. they were willing to denuke a large portion of the areas that we wanted, but we couldn't give up all of the sanctions for that, so we continue to work and we'll see. tit we had to walk away from that plar suggestion. nt had to walk away from it. >> reporter: presirump insisted that relations between the two countries remain good, despite the failed summit. >> this wasn't a walk away like you get up and walk out. w th very friendly. we shook hand we -- you know, there's a warmth that we have, and i hope that stays. i think it will. but we are - you know, we're positioned to do something very special. this has been going on for many decades. this isn't me

eamon javers has the latest. >> we're trying to figure out who, if anybody, knows what's in this reporttold that the trump legal team has not been briefed on the contents of this report. the expectation is that the trump legal team may learn about the contents of this report over the course of the weekend, perhaps even from watching the media, as barr, the attorney general, transmits that information to capitol hill. the expectation is it will leak out fairly quickly and we reported in the media as soon as this weekend nbc news now reporting that the expectation is there are no new indictments to come from robert mueller's office that is that he has finished his work any further indictments that were to come out would not be from the special counsel's office but from other u.s. attorneys. >> and the briefing to congress in terms of his findings will happen this weekend. so that's something to watch. >> as soon as this weekend. >> thank eamon javers joining us from the white house. the report was given to the attorney general an hour ago excuse me for not catching that. >>> time for the

eamon javers reports. >> reporter: the attorney general reviewed it over the course of the weekend and sent a letter to capitol hill detailing what he called the principal conclusions of the mueller report, not the mueller report itself but the principal findings according to the attorney general there are two central questions here one was on russian collusion did anybody in the united states work with russians in their campaign to influence the 2016 presidential election and the other question was obstruction of justice, did anything the president did in the follow up to that amount to obstruction of justice. here's what the attorney general william barr wrote on both of tho those questions. the special counsel's investigation did not find that the trump campaign or anyone associated conspired with russia in its efforts to influence the 2016 u.s. presidential election, fairly definitive on the issue of collusion on obstruction of justice, a slightly different picture from the attorney general saying deputy attorney general rod rosenstein and i have concluded that the evidence develop

as a good one in the white house, the president will be breathing a sigh of relief tonight. >> eamon javers joining us from washington with the very latest. here's a question. the market sold off today. there were rumors all day long that the mueller report would be submitted to the attorney general today, sometime today. do you think that this played in any way into the sell-off that we saw >> i can't say that it didn't. people shoot first, ask questions later when you're on the sell side. i think -- i don't think that there's a smoking gun incident or else we would have heard about that it would have been leaked somehow. we've seen leaks before. so i don't think we're going to get that smoking gun event but i can't say that it wasn't in any way part of the sell-off today. we know what the major themes of the sell-off were today. >> eamon was just saying the trump administration may be breathing a sign of relief because there aren't any indictments, at least it appears that way right now it still sounds like it's going to be a drawn hef o-out process terms of the investigations. >> we've g

eamon javers has more at the white house. eamon? >> reporter: the president issuing this tweet earlier today. the white house though, not explaining what the president meant here take a look at the tweet from the president. rather lengthy but suggested airlines generally have gotten more complicated over the years and he's concerned that you have to be a super confident technician to fly one of these planes the white house not answering questions about whether or not this means the president wants to do something about this issue. does he want southwest or american to take action? does he want the faa to take action white house officials say the tweet speaks for itself. on capitol hill, we get bipartisan reaction from lawmakers. take a listen. >> the 737 max 8 should be grounded immediately >> well, i think out of an abun da dance of caution, it makes sense to ground the aircraft that's been involved in two very tragic accidents in only six months. >> white house officials tell me they'll get back to me if there's any development in

some of them targeting big public companies, eamon javers looks at that for us right now >> both google and general motors forced to issue statements over the weekend responding now to some of the president's criticisms on twitter as part of that 50 tweet and retweet barrage from the president over the weekend interestingly, the white house not offering a whole lot of context on the president's tweets, in some cases not even offering a factual basis for them the companies, though, forced to respond. here's a couple of the tweets from the president, criticizing gm first and google. on gm, the president saying the general motors and the uaw are going to start talks in september and october. why wait? start them now i want jobs to stay in the oous. and i want the lord'stown in one of the best economies. he wants to bring jobs home, general motors issuing a statement there saying that any negotiations between -- about the future of certain reallocated plants will be done between gm and uaw on google, meanwhile, the president criticizing that company saying google is helping china and their

eamon javers with what's likely to happen next >> that's right. the thing that's going to happen next here is big battle over the mueller report itself. what we've seen so far is just the attorney general's letter of four pages summarizing the the contents of the mueller report in his view. we haven't seen the actual report itself and that's subject to some wrangling. he'll put out as much as he possibly can, all of that giving this white house a real wind in the sails today. it's a big political win for the white house. a total and complete exoneration of himself expressed some frustration throughout the day that this investigation ever got started in the first place and suggested in some comments earlier this afternoon that he would like some unspecified action taken against the people who are behind the russia investigation in the first place here's what he said. >> there's a lot of people out there have done some very evil things, very bad things. i would say treasonous things against our country. we've gone through a period of really bad thin

eamon javers is at the white house. eamon, what do you make of it, and do you have any indication when the public may see the mueller report >> reporter: scott on a day of real vindication for the president of the united states as he sits in the oval office today, a note of vindictiveness in his comments, about people in his view he didn't name who have been pushing the russian investigation. the president saying there are people that have done treasonous things and have done so many evil things and those people will certainly be looked at. he doesn't name the names of anybody in specific that he is talking about there, presumably is talking about democrats on capitol hill, some in the media, and some in law enforcement. that matches some comments i heard from sarah huckabee sanders talking to her privately in which she said she believes certain people in washington need to be fired for their role in the russian investigation even as the trump administration is feeling vindicated here there's at least rhetorically an eff

. >>> to eamon javers.he information we're getting is that the federal government posted a $234 billion budget deficit in february. that's worst than expectations the treasury is saying that federal spending in february was $401 billion, that was up 8% from the same month in 2018. while receipts and this is why there is a deficit, receipts were just $167 billion, up 7% compared to february of 2018 the previous monthly high for the federal deficit was in february of 2012 $232 billion so, an all-time high monthly federal budget deficit of $234 billion in february of this year as compared to the previous all-time high which was in 2012. $232 billion at that time. >> back over to you. thanks, eamon javers. >>> new development s overnight on boeing and news on a new 737 max software upgrade let's get to phil labeau with details. >> the cancellation for the 737 max. the first order cancellation this comes to us from indonesia, the national airline of indonesia canceling an order with a book value of $4.9 billion

eamon javers joins us with more as to how this is playing out. >> larry kudlow clearly very plugged in here at the white house, obviously, with the trade delegation in beijing right now. robert lighthizer and steve mnuchin finished up a dinner beijing earlier today beijing time kudlow is aware of the details of the ongoing negotiations, and he said this earlier today, which is interesting because it seems to indicate that maybe this might be on a longer time horizon than many thought. take a listen. >> this is not time dependent. this is policy and enforcement dependent. please understand this if it takes a few more weeks or if it takes months, so be it >> so bottom line, we just don't know at this point what the chinese are specifically going to offer and whether or not the president is going to see that offer as good enough to cut a deal but we do have larry kudlow suggesting here there's some patience on the part of the white house. >> it's also interesting because everyone thought the attention after mueller would immediately shift to trade now instead it's shifted to health care.

let's get to eamon javers in d.c. for the details. >> reporter: yeah, this is going to be must-see tv. cbs has just announced that jay powell, the fed chair, will be on "60 minutes" this weekend in an interview that has already been recorded. powell sat down with cbs' scott pelley this week in washington, d.c., for what they're calling a wide-ranging discussion that includes the fed chairman's remarks on interest rates, the outlook for america's economy and whether the u.s. financial system is vulnerable to cyber attacks. they also say that because the interview comes almost ten years to the say since pelley interviewed ben bernanke since the great recession, bernanke and his successor, janet yellen, appear in the interview alongside powell to discuss how they advised him to handle the job and the criticism that comes with it. that will obviously be fascinating viewing. so interesting to see whether or not they discuss the criticism from here at 1600 pennsylvania avenue from the president of the united states who has

. >> eamon javers is also on scene there listening to those comments from the president. for our audience at the very end there, his remark that talks with china were going very well, a bit of a rebuttal to the reports on the wires earlier today that saw the markets selloff that perhaps the chinese were pushing the u.s., not wanting to be pushed by the u.s. on a few points. >> reporter: that's right the president wanted to send a signal that trade negotiations are going well he said that consistently throughout so the president doesn't register these smaller level blips. they don't necessarily rise to his level perhaps. but i thought it interestingly he was sending a signal here to the social media executives facebook and twitter particularly on twitter the president saying his own experience with his millions of followers is he feels that there are conservative voices being blocked on those social media platforms. and he would like to see something done about it. he wasn't very specific about what ought to be done and he didn't answer the question posed which is should t

anyway, thank you, eamon javers.an't say founding partner at mobius capital partners mark, you're everywhere i ask you off camera how many times you've been to china and it was i think a hundred more times which is about right. so you're everywhere, you're looking for opportunities everywhere you hear from our trading partners, their opinion of donald trump and you know better than we do did anything happen over the weekend that will cause people we're negotiating with to act differently in the trade deals >> i don't think so. think about that and when they look at donald trump, they think why isn't donald trump telling people what to do? this is the kind of thinking they have. so yng it's going to have much impact one way or the other? >> so even in china where if it had been a different conclusion that bob mueller had reached, you don't think that would have emboldened china to take a tougher bargain iing position >>. >> they realize it would be difficult to impeach the president. if there was a definite possibilit

. >> eamon javers in d.c mike, on a week where we have optimism on that deal at least not improve, we're down 2% for the week. >> the market may be losing a little bit of patient right now, but the good news is we're down 2% so maybe we have no longer priced in a good scenario. >> the president said that the market would spike on a trade deal today. >> thanks for watching today and all week that does it for "closing bell." >> have a great weekend. >>> sara, "fast money" does begin right now live from the nasdaq market site i'm scott wapner in tonight for melissa lee. tonight we have the ceo of taketwo entertainment, strauss zelnick here to talk about his big push into e-sports as they hosted their draft this week we do start with the global growth fears gripping wall street the dow down 200 points at the lows rebounded nicely at the close. china got slammed overnight, the u.s. added only 20,000 jobs in february, worst week of the year for stocks, as we mark the ten-year anniversary of the bull market came close to dying this fall. as growth slows around the globe, the bull looks like it

huge concession on trade and president trump to hold the first rally since the mueller report eamon javersls on both eamon? >> reporter: hi, kelly that key concession relates to u.s. firms and international firms getting access to the cloud computing market in china. the chinese government starting to raise the idea of this as a concession in the overall trade negotiations the president has been talking about the trade negotiation and so has larry kudlow, who talked earlier today here in washington he suggested though that this may not be a binary situation in which tariffs get lifted in exchange for a deal. he suggested that the united states may keep some piece of the tariff package in place. here's what he said. >> we have to see what the track record is and we're not going to give up our leverage, however, just to clarify, it doesn't necessarily mean all the tariffs will be kept in place. some of the tariffs will be kept there but again, i'm just, when he comes back, he will illuminate that on us and part of the negotiations and we'll see. >> we may get more detail from the president o

eamon javers with the details. >> reporter: yeah, just an update from here at the white house.at the white house told me a short time ago that negotiations are ongoing about a trump/xi jinping summit meeting, a lot of speculation about whether that would happen at mar-a-lago this month or not. nothing has been cancelled but nothing has been scheduled either i also talked to a senior administration official who said that the negotiations are going line by line through a written agreement that officials are debating back and forth between the u.s. and the chinese side. that is taking longer than expected the official rejected, though, speculation that it's taking longer than expected because the chinese feel they have the upper hand in the wake of north korea in that the president would be more eager for a deal. in fact this official said that the chinese are worried that the president might walk away. the official said you don't want to send xi to mar-a-lago and have trump walk away that would be a diplomatic catastrophe, so that's why you have to have the line-by-line edits. wh

. >>> first eamon javers at the white house with the highlights of the news conference eamon?> reporter: that's right. it was supposed to be about brazil and the u.s. relationship and a most interesting comment of the president when he was asked whether or not social media companies should be liable for the content on their platforms. here's how the president answered that question. >> things are happening, names are taken off, people aren't getting through. you have heard is same complaints it seems to be if they're conservative, republicans, a certain group there's discrimination and big discrimination something's happening with those groups of folks that are running facebook and google and twitter. and i do think we have to get to the bottom of it. >> reporter: so the president there accusing the big social media companies of bias against conservatives saying he can see it in the millions of followers on twitter which is the platform he's most attuned to interestingly, guys, officials gave a suggestion yesterday that there would be some trade and agricultural announcements

eamon javers has the latest for us in d.c. eamon? >> yeah, wilfried, that's right. a real buoyant sense among staffers here at the white house. they've had a big political victory here and they know it. the president even went out of his way to answer a question from a reporter earlier today about robert mueller, asked if he believed that mueller behaved honorably during the course of this investigation the president said, i do believe that that's a real turnaround here for a president who has otherwise lambasted mueller and his team as a disgrace, as 13 angry democrats during the course of the investigation. today, though, a different tone from this president. but the president did take a sort of ominous tone when talking about the people who supported the russia investigation, using strong language to suggest that he might take some measure against people that he didn't name here's what the president had to say. >> there are a lot of people out there that have done some very, very evil things, very bad things i would say treasonous things against our country. we'v

investigate this weekend, finding no collusion between the president and russia let's bring in eamon javershe latest details >> reporter: good morning, jon a whole lot of reaction to a report that really nobody has actually seen outside the department of justice at this point. remember, the mueller report was sent to the department of justice, to the attorney general's office on friday the attorney general put out a letter summarizing principal conclusions yesterday, and that's what's driven the reaction we've seen through the day. i talked to sarah huckabee sanders and asked her when the white house expects to read the mueller report she said she wasn't sure when that's coming over, not clear whether the white house counsel's office will ask for a copy of the mueller report today or some point this week, but not clear when the white house will see it the president's legal team tells me that they don't expect to see this until ultimately it is released to the public, when that might happen, barr suggested in the letter that he will go through the material as carefully as he can and ultimate

eamon javers at the white house.hat do you make of what the president just had to say, specifically about trade >> i think the market as you said, the market did take a leg down on the comments on trade. but we've got to go back and unpack the syntax a little more. i'm not sure he was making any major departure from what he said in the past what he said is he wants the tariffs to stay in place until the chinese change their behavior i think that's the broad tlufhr of what he was saying. was a little hard to hear because of the helicopter noise but didn't seem like he was making a major departure from what he said in the past in the sense he wants those tariffs as a negotiating tool that's what this president has said also that talks are coming on well and the team is going over there this weekend that's what he said as well in the past he said yesterday in the rose garden that talks are going well that channel of communication and negotiation is open, but the tariffs remain his leverage over those negotiations and i

let's get to eamon javers. >> that's right. we're getting word that the administrator of the small business administration is expected to step down. no word on who her successor is expected to be linda mcmahon is a former professional wrestling executive. she became close with the trump campaign during the 2016 time frame. a big political donor and senate candidate in her own right linda mcmahon has been at the small business administration since the beginning of the trump administration and no word yet on who is expected to be her successor. >>> thanks here's what else is coming up on "the exchange" >> announcer: ahead, constructive that's what steve mnuchkin says about the most recent trade talks with china >>> plus star agent scott boris joins us why he says there's a cancer spreading in baseball right now. >>> and robots are taking over college campuses this is "the exchange" on cnbc i don't know what's going on. i've done all sorts of research, read earnings reports, looked at chart patterns. i've even built my own histori

the white house, including apple tease tim cook, walmart's doug mcmillan, and ibm's jimmy remete eamon javers house. >> reporter: this is something we haven't seen since the early days of the trump administration, you remember the president hosting a hole host of roundtable discussions with ceos early on in the administration but that dropped off after the president's comments about the white supremacists in charlottesville, virginia. a number of ceos cropped odropph advisory board and ultimately they were disband. this is a new board and take a look at the membership here. this is on american workforce. the idea here that ceos like tim cook of apple and a whole host of others will be able to give the president some advice on job training and worker integration into the economy this is going to be an event where we're going to hear from the president. we're also going to hear from ivanka trump, as well. this is an area that's near and dear to her heart. she's been pushing since the beginning of this administration the idea of worker apprenticeships, getting workers hooked up with companies, e

our eamon javers outside the white house with the latest, and on any implications, eamon, good morningd morning, sara. the conclusion is no collusion, at least according to the attorney general that's what's in the mueller report also he says that mueller doesn'tcome down one way or th other on the question of on trucks of justice so the mood here at the white house this morning is frankly triumphant. aides have been making the rounds of cable talk shows there's a real sense of momentum politically in this white house. a setback for democrats on capitol hill, some of whom had hoped to move forward with impeachment. that seems to be politically deflated right now sarah huckabee sanders was here in the white house driveway a short time ago and was asked by nbc's kristen welker whether or not the president now is going to move on and pardon some of thighs aides who have been caught up and indicted in the course of this investigation here's how that played out >> reporter: does this open the door for pardons for paul manafort. >> no discussion of that taking supplies no discussion of pardo

both about general motors and google eamon javers what day is it we got a long way. >> it's only monday. it's monday afternoon so you're getting there. >> we are. >> it's good to see you working this side of the clock. >> thanks. eamon. looks bright where you are is that a live shot? >> yeah, it is this is the actual white house here it's the real deal so, look, let's talk about the tweets the president was on this spree of tweeting. it was about 50 tweets over the weekend. some were retweets so depending how you count, that's tweets and retweet, a total of 50 enormous number even for this president who likes twitter a lot. a couple of his targets for criticism were corporate executives and those corporate executives were forced to respond. general motors and google, two companies that issued responses to the president here's the president's tweet about general motors over the weekend. very critical. he said he spoke to mary barra he wants them to re-open a particular plant in ohio and says he wants general motors and the uaw, united autoworkers to begin talks now and don't want them to

at the white house for the first meeting of the president's advisory board on workforce issues eamon javers is there watching the situation for you. >> reporter: yeah, that's right. the ceos are here in the white house now taking part in a multihour program here designed to get to some answers on workforce issues related to job training and apprenticeship. this is one of the hot-button issues for ivanka trump, but the president will also be in the session. you see a list there some of the top ceos in the room including tim cook and a host of others. also some university officials here some union officials in the room as well for this event tim cook of apple has been speaking in the audio portion that we can hear but not see of this event he's been talking a little bit about how apple approaches workforce training issues and suggesting that art fibl intelligeninte official intelligence is in tee hand and they have an internal training program to train people up on the sets of skills that they need and he is looking forward with talking to everybody else in the room to get their ideas as well

eamon javers is tracking all the news and action from the white house. >> reporter: that's right. looks like we move into a post-mueller political washington here. the democrats on capitol hill are demanding to see the full mueller report by april 2nd. they want doj to turn over an unredacted version of that that certain hill leaders are entitled to see. that fight continues to play out. meanwhile, both parties turn to other fights in washington, particularly health care and this issue of the border wall, where the pentagon reprogrammed a billion dollars expected to go elsewhere towards some border fence construction on the southern border. also, on health care, we're seeing trump department of justice weighing in now and arguing that the obamacare law itself is unconstitutional and should be struck down now that the individual mandate has been removed. that raises a big question about what happens to all the people who depend on certain aspects of obamacare, that remain as of right now. that is a political fight that republicans seem to be relishing. the president, as you say, up

we're waiting for president trump to start a news conference with president bolsonaro of brazil eamon javersere live for us what are we looking for? >> reporter: that's right, a lot of focus here will be on the body language between these two men. this is their first face-to-face meeting and also president bolsonaro's first bilateral outside the country of brazil, so it indicates the degree to which the brazilian side is ratcheting up the importance of the relationship between brazil and the united states. this is a president who is very much welcoming this new right-wing brazilian leader here to the white house he views this as an opportunity to reset relations between the united states and brazil this is a brazilian leader who has been called the trump of the tropics, who's been seen as very favorable to trump, who campaigned as a pro american candidate for the presidency in brazil, and this is a situation that this president here in washington welcomes. we saw some good body language between the two leaders as they got together in the oval office earlier today exchanging some soccer jerse

i didn't realize that -- i thought it was about the twitter war that it was having with eamon javersdon't always agree, but your take is that eamon is just misinformed fundamentally about what lululemon pants are >> based on his comments, he seemed to think they were sweat pants. >> i don't think of him about a conservative guy, but he is very conservative about wearing the suit pants do you have any idea >> washington is a very buttoned up place >> is that what it is? >> he is standing in the white house lawn >> there are dress codes in buildings in washington. >> but you think he needs to know that there's a difference >> i'm not sure that's going to bring him around they're kind of stretchy, almost khaki type pants >> he can get away with it, and then they feel like jeans. >> pvh also strong today fourth quarter earnings. pvh also raising its guidance citing higher demand for its tommy hilfiger brand >>> chaos in the u.k. as lawmakers rejected eight brexit proposa proposals. willem has all the latest on this good morning >> good morning. what was meant to be the focus of events in

white house is hosting ceos who joined a trump administration advisory board on workman issues eamon javershas a preview >> reporter: this is a newly created advisory we'll see something today we haven't seen since the days of the comments around charlottesville after his comments on white supremacists there led a lot of ceos to abandon a number of advisory councils the president had set up early in the administration today, though, ceos who were on some of those councils will be back today take a look at some of the members of this new workforce advisory council that's going to talk to the president about all the issues in developing the american workforce including things like ai and technology. tim cook of apple will be there. tom donohue of the u.s. chamber of commerce. and of course there you see visa, walmart, and on and on a number of companies will be represented at this event today. also at the event, members of labor unions and also universities the idea here is workforce training and innovation, one of ivanka trump's issues that she's been pushing throughout this entire administr

let's get to eamon javers at the white house. >> reporter: yeah, that's right.resident there on obamacare suggesting that if his administration is successful in reversing obamacare in the courts, they will have a plan that's better than obamacare but conceding that they don't have a plan now saying he doesn't feel rushed to get anything together soon because it's working its way through the courts also on china trade, sara, the president was asked whether or not the mueller report's conclusions help his case in the china trade negotiations he didn't dismiss that idea but also said i can't tell you what's in the minds of the other countries that we're negotiating with, sara. >> eamon, thank you very much for that. >>> let's get back to the breaking news. wells fargo ceo, tim sloan, is out. elizabeth warren saying about time he got rich off of it and then helped cover it up now let's make sure all the people hurt by wells fargo's scams get the relief they're ow owed. >> let's bring in an analyst at kbw who has an outperform rating on wells fargo and $58 price targ

eamon javers has the details eamon? >> reporter: hi, morgan.top line numbers. $4.75 trillion overall this year the defense spending would increase nearly 5% under the budget proposal. nondefense discretionary, everything else that the government chooses to spend money on each year, cut by nearly 5%. there is border wall funding in there. 8.6 billion for border wall construction 1.9 trillion in savings overall from programs including some of the social safety net programs of medicare and medicaid over 15 years. over 15 years. white house says that the budget would balance. now, it was expected that this budget would be dead on arrival on capitol hill and speaker of the house nancy pelosi confirmed that in a statement just a short time ago she said, the cruel and shortsighted cuts in president trump's budget request are a road map to a sicker, weaker america. guys, i can tell you that we had the acting director of omb out in the white house press briefing room saying that despite the nearly trillion dollar annual deficits implicit in the presiden

. >>> we have a news alert now on the 2020 presidential race eamon javers with the latest. >> reporterscratch a billionaire off the list for the 2020 presidential campaign former new york city mayor michael bloomberg now saying he will not be running as a democrat for the presidential nomination in that year. michael bloomberg saying that he has carefully assessed his odds and here's a stamtd from the former new york city mayor saying i know what it takes to run a winning campaign and every day when i read the news i grow more frustrated by the incompetence of the oval office. we can do better as a country and i believe i would defeat donald trump in a general election but i am clear-eyed about the difficulty of winning the democratic nomination in such a crowded field. of course, there are a score of democrats already announced for president in 2020. and michael bloomberg would have filled a pro business moderate slot in that race. the question is here, what becomes of his fortune bloomberg suggesting he'll send a significant amount of money to defeet donald trump and could be a boon

our eamon javers at the white house with a wrap-up as well. >> i asked the president if 20,000 jobs isough for him and he said, well, it's a step the president saying ultimately he was happy with the wage numbers today and thinks the economy is good. also a little bit equivocal, as you pointed out, on the idea of progress on a china trade deal saying we'll do very well either way and saying that if it's not a good deal for the country, he won't make a deal with the chinese government so the president saying there in answer to a reporter's question he hadn't heard some of the rumors there's more skepticism about china trade deal progress but ultimately saying either way that the united states will be just fine. he's saying he's confident about a deal but not promising a deal and not suggesting what the tenor of that deal might be. carl >> the president and larry kudlow both out just after the market opened here eamon, thank you for that. welcome back to "squawk on the street." i'm carl quintanilla with sara eisen and david faber at post nine at the new york stock exchange the market is

i don't think he overruled, but i think if you listen to kayla tausche or eamon javers and they cover the white house extensively, this is a president who it appears when he sort of has made up his mind about something, that's the direction of the policy. whether or not he did this in consultation with the faa, little hard to say it may be after canada said we don't feel comfortable with this and this wave of countries and airlines saying we're grounding the plane, it may be that the president finally said you know what, we look a little odd going against the trend that is happening around the world out of an abundance of caution shut it down and ground these planes there's no way of knowing what made him decide today that finally we were going to ground these planes, but i wouldn't be be surprised if certainly the fact that everybody else has done it, certainly weighed in to his decision >> so phil, a lot of people, especially investors, are trying to see whether there are parallels between this and then what happened in 2013 when the boeing dreamliners were grounded because of the l