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. >>> coming up on the show, china's short seller kyle bass tells cnbc the depreciation of the yuan is not a problem. that and the latest twist in the trade war after the break. hich y cause trouble with recall. - learning from him is great... when i can keep up! - anncr: thankfully, prevagen helps your brain and improves memory. - dad's got all the answers. - anncr: prevagen is now the number-one-selling brain health supplement in drug stores nationwide. - she outsmarts me every single time. - checkmate! you wanna play again? - anncr: prevagen. healthier brain. better life. (vo) ovewhelming air fresheners can send you running. so try febreze one. with no aerosols and no heavy perfumes. so you can spray and stay. febreze one. tremfya® is fors caadults with moderate to severe plaque psoriasis. i'm ready. with tremfya®, you can get clearer. and stay clearer. in fact, most patients who saw 90% clearer skin at 28 weeks stayed clearer through 48 weeks. tremfya® works better than humira® at providing clearer skin, and more patients were symptom free with tremfya®. tremfya® may lower your abi

the same side on this issue i will point out sitting here on the 10:00 show next to david faber, kyle bassd supported the administration on this point saying look, we don't have enough smelters in this country if indeed it ever came to war, we need to produce stuff here. do either one of you give any credence to that argument at all? >> yes, but not with canada. >> yes but no with -- >> not with canada canada is not our enemy. >> i'm sure there's a shelf somewhere at the pentagon with our canadian invasion plans, i imagine it's a pretty dusty document but i guess it's there listen, to get back to what jared is saying, intel was just saying that these potential chinese tariffs, if they move their assembly plants back to the states, a billion dollars a plant. so long corporate tax cut. >> michelle, i'll give you something more debatable i actually believe that donald trump was really on to something and is still really on to something when he focuses on the extent to which imbalanced international trade has really hurt people and communities in this country so i actually probably more than a

. >> now, kyle bass, the noted hedge fund manager, predicted the subprime mortgage collapse, and he ising with president trump on the issue of trade. here's what he said abou tariffs on "squawk on the street" this morning >> china has been fighting a trade war for the last ten years. the u.s. has just realized that we haven't been fighting for the last decade, so we're starting to push back china doesn't like it. look, the trump administration's lack of predictability is an asset to the u.s. in two areas, i think. in our trade negotiations with china, and in our -- let's say other negotiations with north korea. >> but at what cost is the pushback against china joining us right now, nathan resnic, the ceo of a company called source-ify. it helps u.s. companies find overseas factories for manufacturing purposes nathan, thanks for joining us today. >> thank you for having me >> what impact have you seen in this -- in the ability of companies to find outsourcing factories in china you are seeing some factories clouds in china, right, or are planning to? >> it's crazy too that at source-ify

i went to a conference once with a guy named kyle bass, a really good investor and made a lot of moneyisis but lost money early on because he didn't predict. i asked him, i said how come you couldn't understand when the dow hits 6,000 that it would rebound from that. he said how would i do that ben bernanke would print money? and i turned around and said how did you not know that? if you look at ben bernanke, a monitorist, studied the great depression, it's pretty much common knowledge, what's the one thing the fed should have done? pump tremendous liquidity. neil: he got that. >> and stopped us from literally going into a depression. when the banks became unimpaired. great depression they were impaired. neil: absolutely. >> we had jobs. neil: i think he's the unsung hero, whether you like federal involvement or the federal reserve, without taking that leap, i don't know if you would see it. >> i think he did a great job. i don't know about unsung hero. i think he and the other guys created the economic conditions that led to the situation. neil: absolutely. but it's like second-guessi