joining me tonight, jonathan hoenig, kristina partsinevelos, steve moore and jackie deangelis. now, china signaling today that they would not immediately retaliate against the latest u.s. tariff increases set to kick in on sunday. a spokesman for the chinese commerce ministry saying quote, china has ample means for retaliation but thinks the question that should be discussed right now is removing the new tariffs to prevent escalation of the trade war. president trump also weighing in on the negotiations earlier with fox news' brian kilmeade. listen. >> for 25 years, china has been ripping off the united states. you know that. i talked about it a long time ago. it's one of the reasons i'm probably here as president. i'm in the white house. they have been ripping us off for billions and billions of dollars like babies. there is a talk scheduled for today at a different level. david: let's bring in china expert and senior research fellow at the heritage foundation, dean chang. dean, i thought it was kind of a tepid positive statement by the chinese but the market certainly saw it

fox news contributor jonathan hoenig, first of all, go caps on saturday at stanford -- [laughter] beatyes, yes. great to be with you. guy: please break down and walk us through the economic risks and the political risks that are also involved. >> certainly, the president's real forte has always been thegy, guy. that's been his calling card. and as you said, for the first time since the election, that seems to be going away. a majority of american voters believe the economy's getting worse, particularly as you said amongst his really stalwarts of his support, the farming community. and it's not surprising why. soybean farmers have seen their exports go down by about 75% over just the last year, and sonny per due mentioned bailouts, there's been 240 farm bankruptcies this year, and that's despite two bailouts just last year. so a lot of the warning signs are starting to appear. no matter what side of the aisle you are, it's affecting the farmers and even starting to affect consumers here as well. it's simply not working. guy: you're going to hear quotes from people in the news, some unio

jonathan hoenig, there he is, he's doing some math for us next. ♪ ♪ all right brad, once again i haveionized the songwriting process. oh, here we go. i know i can't play an instrument, but this... this is my forte. obviously, for auto insurance, we've got the wheel route. obviously. retirement, we're going with a long-term play. makes sense. pet insurance, wait, let me guess... flea flicker. yes! how'd you know? studying my playbook? yeah, actually. there's a company that's talked than me: jd power.people 448,134 to be exact. they answered 410 questions in 8 categories about vehicle quality. and when they were done, chevy earned more j.d. power quality awards across cars, trucks and suvs than any other brand over the last four years. so on behalf of chevrolet, i want to say "thank you, real people." you're welcome. we're gonna need a bigger room. to the wait did frowe just win-ners. prouders everyone uses their phone differently. that's why xfinity mobile let's you design your own data. now you can share it between lines. mix with unlimited, and switch it up at anytime so you only pay

jonathan hoenig. adam johns, "bullseye brief" author. jonathan, let me start with you. this is classic. it is all about execution. the companies on the conference call, oh, the trade wars. target is firing on all cylinders. i shop there at least once a week, probably more. i'm probably responsible for that beat. people have a lot of money to spend or a little money to spend, all bankruptcy love target. it is about execution, right? >> to your point, melissa, they have executed, especially we're seeing winnowing effect in target. the stock isp 25% kohl's, macy's, jcpenney, those names have not executed. their stocks are down 40% to 60%. this positive news for target, stock reflecting it. this is winnowing of free market. separating wheat from the chaff. to your point, ones delivering, ssa: totally. adam, target is one of the companies blaming what is going on with china, it is in theory a discount location they're trying to get in, stop cheaper end of the spectrum, less expensive. might be more likely to source in china. no, they're beating, they're executing, despite wh

joining me on the panel jonathan hoenig, christina partsinevelos, john layfield. the president confirming reports he is eying a payroll tax cut but he says it has nothing to do with any recession fears. listen. president trump: i've been thinking about payroll taxes for a long time whether or not we do it now or not is, it's not being done because of recession, because we are legitimately, if we had a cut in interest rates by the fed, if they would do their job properly, and if they would do a meaningful cut, because they raise too fast you'd see growth like you've not seen ever in this country. david: so carol we've been hearing about a payroll tax cut since the original tax cuts were mentioned, about a year and a half ago. should we move forward on a payroll tax cut now? >> definitely not at this time. you have to remember what payroll taxes go to fund and that's social security, so unless you're going to redo all of the social security, which is already underfunded i don't think that's the right tool; however i do like the fact that the president is focused on

david: let's bring in our panel zachary, jonathan hoenig, carol roth and john burnette. as we just heard 572 million it's a lot of money but it's just a fraction of the original $17 billion lawsuit, stocks are popping, the stock pop is a result of that. it's actually come down and initially after the ruling, it was up over 4%. its come down to still a healthy 1.9%, so did the judge get it right, jonathan what do you think? >> well david ursino have to imagine at least some of that initial pop was just because of the fact this could have been so much worse. once again the state asked for billions of dollars and they got essentially about half of a billion but the prospect for even more court cases, cases in other states are one reason why we seen the stock come down once again and to the point made in grady's piece there's a lot of factors that go into the opioid epidemic and interestingly medical use is not the major cause of addiction or overdose and my fear is that all this attention, all this regulation is going to mean these drugs are less available to those who actu

thank you for joining me, joining me on on the panel is jonathan hoenig, christina partsinevelos, gary kaltbaum and liz peek. so the business roundtable is comprised of 200 ceo's from major u.s. businesses dropping the age-old notion that corporations function first and foremost is to serve their shareholders, and maximize profits. jpmorgan ceo jamie dimon leading the reimaged ideas stating, "the american dream is alive but fray ing, and all is happening amid a growing national debate about the responsibilities of corporations, so is all this just a pr stunt? >> this is a terrible move, david. it's really the sanction of a victim and these companies are the victims here. where is this all coming from here? not the companies but the leftist professors. this is this whole notion of stakeholder value. it's not the shareholders that own the company. it's the stakeholders who is everyone. literally the guy that delivers the paper to the employees, to the environment, to the government, so this is a way to weaken property rights and also as you'll see down the line there will be more regulat

bring in jonathan hoenig. i will ignore the name of his capitalist pig hedge fund for a second. ous stuff. what we heard from jonathan hunt is a little chilling. he is saying there will be protests saturday night in hong kong. the hardcore will turn out. if it turns violent, i think that will have a big impact on our trade talks with china. what say you? >> this time around, stuart, as you have alluded to, there has been tremendous military been bused in by the chinese to address a lot of these protests. there has been potential talk, very horrific talk this could be another type of tiananmen square setting up. given the fact, hong kong such nexus for world trade, this is tremendous financial center, if there are armed conflicts on the street, you can bet our market given the holiday will react quite feverishly, quite violently this week. stuart: put the hong kong situation on one side for a second. i get the feeling, this market, our market, just wants to go up. what say you? >> you know, i would agree with that, stuart, but i took a look at advancers and decliners from yesterda

jonathan hoenig, capitalist pig hedge fund manager.whether or not we get recess. i'm not asking you that. i'm going to suggest this constant barrage of talking up a recession, it really has an impact i think it has impact on the market and may have impact on economy. what say you. >> i disagree, stuart. economy can't cause recession. recession comes from reality. from you and tammy, take a quote from gordon gekko, don't get emotional about stocks. whatever you feel about the president, take the politics out evaluating the market. price is very effective leading indicator, question of recession, i can only point you back to the early 2,000s. the market plummeted in march of 2000, they doesn't call a recession of march 2001. watch price. take politics out. that is your best indicator for future of the economy and potential for recession. stuart: are you still bearish on stocks? the stocks themselves are bearish. look at this action. 72% of stocks are below the 50-day moving average. what does this mean? in effect the trend for most stock

david dietze and jonathan hoenig are with us. ashley is sitting right there.h china trade. stocks sold off after the tariff threat. no quick resolution, david. that's bad for the market. what do you say? >> well, it is. it certainly hurts, it can ultimately raise consumer prices. i think the bullish case is ultimately we are doing this for a better trade policy going forward, and that's why you take advantage of these lower prices. >> stuart, you can say that, just look to history. i will just say that. the president talked about being tariff man. i believe it was on december 3rd of 2018, the markets sold off about 15% over the next three weeks. so these are taxes on americans and historically, these types of tweets for the president, look, we just saw yesterday, in about five minutes, those series of tweets lopped 500 points off the dow. my fear is we are in the midst of the same type of scenario once again. stuart: china trade does it badly for us this morning. look at the ten-year treasury yield. we are still at 1.88% there. money is flowing into america al

joining us, david dietze, jonathan hoenig, ashley webster. i've got to start with fed chair powell.re's what i'm going to say. i think we are going to get rate cuts, rapid rate cuts. i think we're going to do that. what happens if we don't do that? >> if the market's not going to take kindly to that, i think you will have bigger risk of inversion of the yield curve, that's going to produce more recession talk. that's not the direction you want to take. the key thing for jerome powell of course is to make the case for future rate cuts without trashing the strength that's currently the case in the u.s. economy. the consumer is going strong, we are seeing additional data on that from retailers coming out with blowout numbers. that's the key balance he has to have today. stuart: okay. jonathan -- >> that's really the frustration. that's the irony, that lower rates, 0% interest rates technically historically have been the indicator of a weak economy. so the fed as they told us during their minutes, essentially making it up as they go along. japan have had 0% interest rates for two decade