the global impact of a trade war with the former ambassador to china gary locke, plus talk with the ceo of "the new york times." >>> also day three of our week-long series highlighting five top fund managers for five days straight. jerry dodson has three stocks to watch into the close we start with bob. what's going on with the markets and this big turn around we've seen >> we did lift midmorning as the president said he was delaying auto tariffs we saw the autos move to the up side general motors moved up about 1% it's up and stayed up. but other key sectors trade related haven't done much at all. want to point out 3m and most of the other ones take a look here 3m down. caterpillar not doing much uelse take a move here to the left and i'll show you some of the big retailers still down another new low for gap. many of the other big retailers that import heavily from china on the down side no real bounce in some of the big trade-related names like industrials and retail friday was a real turning point for those kinds of names back to you. >> bob, thank you. the nasdaq is a big leader in

gary lock is here and we've got an attorney general's round table including the utah attorney generalent of that, coming up. our top story this hour, adopting the usmca. vice president mike pence leaving for ottawa today where he will meet with prime minister justin trudeau to rally support for the usmca trade agreement. the visit coming a after the u.s. lifted steel and aluminum tariffs on canada and mexico, removing a major obstacle for congressional approval of the deal. i'll be speaking exclusively with the vice president later today. you can catch the entire interview tomorrow morning on "mornings with maria" at 6:00 a.m. eastern. the vice president is calling for congress to ratify usmca this summer. joining me right now is the former ambassador to canada and nelson mullin's partner, david wilkins. thank you for joining us. >> thanks very much. thanks for having me. maria: i'm coming to you from i guess your former home, your former residence here in ottawa. beautiful home. we have set up shop here and are loving being here in ottawa. >> well, i hope you're enjoying it. it's a m

ambassador to china and gary lock also joins me. some people are not involved in the markets at least directly. many of us are tied to it indirectly. when you see losses like this, day after day, and we've seen several days of these, is there some point at which it all snaps back when and if there is a deal with china. do investors have to worry about this if people have money in their 401(k)s. >> that's been the case for the last several years. we call it buying the dip and that's been what has happened. a lot of trading these days is done by computer and those computers, those algorithms watch for certain warords in headlines, and when they see those words, that's when they decide to sell. those humans aren't buying today, that's for sure. the other shoe dropped and it turned out there's a tariff on that shoe. and i think that's why we're seeing this especially among those industries, it will be the most affected by this, technology, you mentioned the stock market, but agriculture, soybean producers. soybean prices are at an 11-ye

gary locke, former u.s.up and tensions between the u.s. and china and whether we're working toward a deal. cisco earnings after the bell today. currently the top performer on the dow. >> very big day shaping up we'll see you on the "closing bell" this afternoon "squawk alley" is coming up next we're all over the market volatility as stocks are aiming for their first back-to-back win all month. don't go away. people know aflac. aflac! but not when to use it. do i use aflac when the kids get slime in the plumbing? no. that's home owner's insurance. slime in my motorcycle. no. that's motorcycle insurance. slime everywhere? ughhh nooo, there's no insurance for that. do they help when i have bills health insurance doesn't cover? yeah! that's it! aflac! gross guys. get help with expenses health insurance doesn't cover. get to know us at aflac.com >>> good morning it is 11:00 p.m. at alibaba headquarters in china, 11:00 a.m. an wall street and "squawk alley" is live ♪ ♪ >>> good wednesday morning welcome to "squawk

ambassador to china, gary locke, joins us now, on kind of what's next. there is new warning out, ambassador, china wants to blacklist a number of american companies. what did you make of that? >> obviously these trade tensions can get out of hand, as the previous guest was talking about the possible mexico tariffs said, it will be consumer ultimately pays. it will hurt american companies and ultimately passed on to american consumers, whether the stuff you buy at costco, walmart, china, the list goes on and on, even automobiles. some of these tariffs on china will be on small parts that come in from china, put into american-made automobiles, that will raise significantly cost of american-made automobiles. so it will hurt the average household anywhere from five to $800. if you're planning making a major purchase, whether lawn furniture or barbecue set or an automobile, it will cost you even more. connell: so the question throughout this whole near term question, whether or not they, the chinese hurt more than us, the americans. we're past the idea china