their first appearance so a lot to talk about and with me in moscow is a world cup correspondent jonathan hoenig now jonathan gemini opening as well cup campaign against a mexico in a stadium right behind you later today what's the atmosphere like. thought there mrs fantastic the sun is shining and mexico fans have absolutely come to make the most of this occasion it's not every day that you gets a play germany in your first world cup game of the tournament and mexico fans are enjoying this one hundred percent justin green i don't think i've seen this many green shirts that said all the time i was about a braman home game it's just fantastic to see so many fans out here and in all seriousness to see mexico found so that kind of support it's what this world cup is all about they might not win tonight they certainly have a level of confidence maybe they will but even if they don't they've come to support their team they've come to be vocal and i see this fantastic sight to see a very sporting in danger we know anything about the line up that. we do the germany team has been revealed and there are

i want to bring back jonathan hoenig, he's with us. . [laughter] welcome back, jonathan. >> great to be with you. stuart: i was saying a few moments ago that i wouldn't be a buyer of stocks today, any stocks, on the grounds that i don't know what's going to happen with this summit over the weekend, and i don't know what's going to happen with the summit next week. why jump in when you've got this uncertainty? i think you're with me on this. >> uncertainty and weakness. i think that's an element here. i mean, listen are, this market has been tremendous and really a record-setting market especially since the president was elected. i'm not going to deny that. but it's been a nine-year bull market, stuart. it is the second longest in history, and, you know, we're starting to see some examples of investors, i think, getting a little bit complacent. probably the best answer is credit card debt not far from its all-time high, but even something as benign as individual investor sentiment index. tends to be a contrarian indicator. and given the

jonathan hoenig, hedge fund manager at capitalist fake.com. what do you make of this selloff in the potential retaliation? beijing said on friday to make it our farm products, cars, crude oil is a piece of retaliation. >> use of the farm products dropped precipitously yesterday and again this morning, cheryl. the president said he wanted a trade war. it was easy to win. he's got one you see so far tremendous selling in markets across the world because we know what the net result of this tariffs are taxes on americans. we know that they raise prices that authority started to rise like items like lumber and washing machines. this is a tremendous act of self sabotage by americans, by the president when it comes to earn economy. the biggest risk in my estimation as these trade wars with china and everyone else. trade to the president put his support behind zte and yesterday the senate reinstated the ban on u.s. parts come essentially putting zte back out of business. for tat with the administration versus of course the senators there. is that anot

hedge fund manager and a "fox news" contributor jonathan hoenig is here. n i feel like a lonely voice alone in the forest screaming for help against the terrorists. no one is listening. >> i have to shake my head when i'm watching the president on "fox business" aunties announcing the tariffs and people are clapping and cheering they are cheering taxes on americans, not on china, not on mexico, on americans. we know the net result of this. tariffs cost jobs. adam smith discovered this george bush discovered this. kennedy: what are some of the impressions we are seeing right now? what are some of the effects that we are seeing on items that are manufactured with steel and aluminum? >> people keep saying this as a negotiating tactic. the trade war has begun kennedy. started in january. the presence engineered tariffs on lumber and washing machines. what is then the net result click? it price of washing machines have gone up 70% the biggest jump on the record. a couple hundred dollars is a big dea the forgotten man. he is issued tariffs on canadian lumber and

melissa: let's bring in jonathan hoenig, fox news contributor, heather zumrawinga. one day we care about the trade war, the next day to heck with it. >> markets are optimistic ahead of the7 meeting ahead this friday a all-time highs as well as the russell 2000, the small cap index. if you saw, it we were in the eighth or ninth inning of the rally. the economists are saying economic expansion, there could be another leg to it because of deregulation and tax cuts and unemployment at 3.8%. people can't -- employers cannot find enough people to fill their jobs that they have available. that's the big story in the media and that's an important narrative right now. melissa: jonathan, you agree with her? >> stocks -- it's a bull market, melissa. there are no tops in a bull market. the things about tariffs are playing a role. the best performing stocks have been the big caps,asdaq up 11% and the small caps as nicole talked about, both of which are almost outside the role of tariffs and the agricultural markets rocked by a lot of the fears but no way to get around it. this i

capitalist pig jonathan hoenig. we have talked so much about growing trade war.ook at the markets. ready make of it? >> leading the way a lot of the stocks which are least likely to be good by the trade war were particularly small-cap stocks and 100 big-cap text. the all-new hide. they are least likely to be a fact did. the great depression good diet because maybe that is something is not its effect is. will not be at the site as companies hit by the global economy. a mining company commits to a company, et cetera. >> or agriculture. the stock market was up yesterday with major miss an agricultural market that are sharply unmoved by potential orists. you are seeing a real-time reaction in the stock market. the best fats are those who won't be affected by pot terrorists. this story certainly is an open yet and continues to escalate now before a terrifying maple syrup. cheryl: also know that we are talking about what is happening between china and the united states, trade track were nothing but settled unfortunately. there is a group toward a few moments ago that t

david: here's jonathan hoenig, capitalist pig hedge fund founder and todd horowitz, the bubba trading show host. todd, start with you and the proposal, it's coming from our ambassador from germany, ric grenell who's done a fantastic job working with car manufacturers in germany, they're among the biggest in all of europe. they want to get rid of all tariffs, the absolute opposite of a trade war, zero tariffs on both u.s. cars coming into europe and european cars coming into the u.s. is this trump's deal-making paying off? >> i think so, i think this is what we're trying to get to, david. we want to get to a point where there's no tariffs anywhere, we have total free trade without government help, without manipulation, without anything else. let the free markets trade. send them cars without tariffs, us cars without tariffs. do it on all products and we're much better off. david: jonathan, and you todd are at loggerheads, wouldn't we be better off with zero tariffs? >> indeed, why won't the president enact zero tariffs. david: it's called deal making and that's on the table. you start

adam: jonathan hoenig and todd horowitz are back to react. than, start with you, this case is important, union membership is expected to faushlg not going to be eliminated. with 28 states are right-to-work states and have public sector unions and teachers have walked out of the job so strikes will still take place, but it gives governments like illinois a chance to finally rein in some of the spending unions have forced with pensions, doesn't it? >> right, right, exactly right, adam. union participation has been shrinking for decades except in the public sector, as this case illuminated, employees are compelled to pay dues to the union which turns around and uses that money for political advocacy. this is not only a major win for the workers but also for the municipalities who are having to pay for the pensions of these public sector unions. so this will go a long way toward not only helping workers rights but helping the bottom line of many of the financially stressed municipalities. adam: todd, regarding the stressed municipalities and state

lenore hawkins from dramatica research and jonathan hoenig as well from capitalistpig. fox research contributor. what edward reports, the intid from comcast, we knew that this could happen after that court ruling yesterday, right? what do yo make of it? >> this is bullish moving forward. we have a real possibility to see not unlike what we saw in the 1990s with bank stocks, appeared of great mergers, great integration and better environment for the consumer. that's going to benefit from this. this is the corporate behind the scenes stuff, but these companies are going to get bigger, need to get bigger to compete internationally and it all the media stocks, including foxa was hired today. connell: right. lenore, to you on this specific deal. is that the start of things, $52 billion stock, now 60 billion all-cash. what's next, do you think? >> i think disney is going to be under a lot of pressure to raise its bid and like jonathan was saying, increasing pressure for mergers in this area. while on the one side i like the cost cutting that's going to happen, could this bene

liz: okay, let's bring in jonathan hoenig on this sweeping rejection of the government's lawsuit trying to block the at&t and time-warner $85 billion merger. jonathan, the question-and-answers with the lawyer for the at&t side of the case, jonathan, he was saying no divestment of cnn, so at&t gets to own game of thrones, directv and more. your reaction. >> and this is a resounding win for at&t liz and hopefully, for the media industry and the industry at large. anti-trust which is what the government is about here, is regulation and specifically regulation of companies whose efforts really simply to merge to become more productive, so this is obviously bullish for the stocks but if it gets also bullish for the industry and also for the bull market and now these big companies are going to be able to get to scale they really need to compete. liz: because amazon and netflix with streaming, jonas, what about the little guys wallet . what about their pocketbooks because the real back story is there are only four or five telecom giants in this country. they dominate the market. they're the on

anderson, along with capitalist pig founder, how could i not remember capitalist pig founder jonathan hoenigmy favorite name of all. gentlemen, thank you both for joining us. we're trying to come back a little bit. what changed in the last hour? people saying wait a minute, there are bargains to be had? >> a little bit of small amount of buying after the initial shock. i wouldn't put much into it ashley. what we heard announced today are taxes. tariffs are taxes on americans. what we will see higher costs and ironically lower employment. we're falling off the roof, but this has just begun. the president says he likes trade wars. they're easy to win. we'll see this escalate from china, mexico, all over the world. this isn't over yet. ashley: that said, tim, markets saying this is another spat but ultimately we believe something will get achieved? >> i think we've seen so many times when we have these trade headlines that you get some emotional driven selling early, maybe it will last for a couple of days, depending on how severe the headlines are. maybe it will only right now, we're trying to

jonathan hoenig thinking right outside the box as any capitalist pig would. warren grilling health and human services secretary alex azar over high drug prices. watch this. >> he said there would be massive decreases in prices within two weeks. it's been two weeks, and there have been no decreases and an indication of increase. mr. secretary, you said you wanted to get tough on drug companies, but under your approach it seems that the drug companies can just keep charging people more and more. the only thing you've done is set it up so maybe if a drug company reduces a price, you can give them a cheap pr moment. stuart: well, we didn't get a chance to hear aczar's response there. -- azar's response. we've got "beating obamacare" author betsy mccaughey -- will you answer -- >> i'd like to answer. stuart: why didn't drug prices come down? >> because profits are not the cause of these high drug prices. it's true that americans are suffering from pharmaceutical shock, but the reason is foreign free-loading. and the president is going to fix it with trade deals. s

i'm on the jonathan hoenig team when it comes to tariffs.y make any sense and this rhetoric is now starting to build up and i think all we're seeing, all evidence in, these countries are not sitting down, they're actually-- >> they're not folding on this. >> at all. neil: the president is saying he's bringing to light the tariffs and cheating they do and that might be so, but it's not flying. >> especially with the autos. mercedes parent already said a few months ago we're going to invest another $1 billion in our plant in alabama so there are so many supply chain issues. and peterson institute says if this car tariff goes through, 195,000 u.s. auto worker jobs could be lost because bmw and mercedes, they've actually built a lot of plants in this country. they have two-- >> workers, american workers would be affected. neil: maybe it's all elaborate negotiating ploy and the president has been pretty good on this and it's gone his way. maybe it doesn't. >> the longer it lasts, the longer it lingers, bad. if the market matters, in the recent co

stuart: peter morici, jonathan hoenig, thanks for great performance. live action news. ashley and liz, you didn't do bad either. neil, it is yours. neil: president arriving in canada. a short-lived venture a little more than 18 hours before he is out there with a big summit with the north koreans. he alienating a lot of folks, so-called g6 plus one. alienate some of our colleagues there. but the fact of the matter he is brought attention to trade issues and the like, according to a lot of people that crunch the numbers benefiting a lost allies. that is way it has been many, many decades, before his presidency, before the last presidency, before the presidency before that. multiple premiers and prime ministers across the world. he is shaking up the status quo as he arrives in quebec, what will be hurried events. the one with with the emannuel macron. he was running late. the french press whipping up on their leader, that he is acting like a lapdog with the president united states. that had nothing to do with the canceled event. let you know how each leader has to respond

look at it with market watcher jonathan hoenig. arles payne. what do you think? >> i think this is, again, to your point, amazon has been preparing for this. you know internet for them, is not just sales tax. it is convenience. neil: right. >> would you go to a mall if you could have a drone bring you the item you houred an hour earlier? they have a whole business different model. hillary vaughn was right with respect to the smaller entities. i'll really concerned about them. what this ruling does build a moat on amazons of the world. they stop smaller followings getting involved and growing their business. i think etsy's plea to congress put some rules of the road in here are probably really smart. having said that this is great news for the brick-and-mortar names who are getting it right, getting right combination. macy's is an example of a company recently put out earnings report sgested ty were learning how to use their brick-and-mortar locations along with the internet to turn back the damage that amazon has done. fair, that stock gotrushed to e lower 60s wh

joining us is hedge fund manager jonathan hoenig. a prominent, socially liberal company. so far i don't think it hurts them. >> who is hurting them is government right now. i don't see a difference between donald trump and bernie sanders at all. they are two sides of the same coin and they are authoritarian's. bernie once different types of wages, trump once his apologies and these are people who have the power of the gun. they are not johnny sixpack walking down the street with an opinion but part of government, government should force and bob eiger got that $400 million through trade, economic power. that is what is so dangerous about this pres. and bernie sanders as well, they confuse economic power, the power of trade with political power, that is a gun and that is why this whole blowup by private citizens is becoming of any elected official. >> now we know how you feel. more for you. sit still please. what do we have on the dow, we have a 212 point gain, 28 of the dow 30 on the upside and two are down and the dow is up 210 at 24