the big takeaways with expert gordan chang.xt. . >>> it more likely that a deal happens or doesn't happen. speaking for the united states, i would say it's probably more likely that a deal does happen. but that doesn't mean it's going to happen. >> from china would you say it is very likely that it will happen and we hope that ultimately we'll have a deal. david: president trump just a short time ago giving some hope that a deal may be reached with china. trade negotiations between u.s. and china officials are going to extend an official 48 hours into this weekend. while the deal is far from done, traders like the optimistic talk with the dow ending up for the ninth straight week in a row, the longest winning streak in 24 hours. gordan chang, author of "the coming collapse of china" joins us. are you worried that we may be letting china off too easily here? >> certainly. china steals 3 to $400 billion a year in u.s. intellectual property. this is deal is not going to have enforceable provisions on that. that is really the core

chang is with us. he has written extensively about china. well, gordan, you have a pretty dramatic announcement here.be talking at all. really? >> we've been talking to the chinese for at least three decades. their trade behavior deteriorated across the board, especially last six years under xi xinping so i don't see what we'll get. while we talk these guys steal more intellectual property, to the tune of what, 3, $400 billion a year. talking to them is not going to solve this. stuart: wait a second. we're taking a hard-line. we've imposed tariffs on them. >> good start. stuart: keep messing around and it goes even higher come march the 1st. we've taken a hard-line. you surely wouldn't want to retreat completely, we're taking our ball, going home? >> we tried this approach before. taking a hard-line. it hasn't worked. the problem is, when we talk to the chinese, they think we want to engage them. you have all sorts of expectations on their side. they need to see a new attitude on the part of washington. obviously what we've been doing, stuart, has not in fact worked. stuart: we heard from washington