you heard it from the lips of larry kudlow. what do you make of that? >> i said it to larry kudlow.he is exactly right. 3%, full year growth, 2019. 5 to 5 1/2% nominal gdp growth. cap-ex and business investment is coming back. stuart: that is a complete reversal of just about everything we heard between october of last year and the end of january this year. that is, we were not hearing that at all. it was all doom and gloom and decline. >> yeah. the issue on gdp is that there is one ingredient that is a big question mark and that ingredient was flying higher in q4 seven, and q1, q2, q3 in 18. that cast capital investment f business confidence drops, capital expenditures bring down productivity that is what the threat to gdp growth is. i believe the trade war will prove to be transsy tory. i pray it will be transsy story. our president needs a deal and god knows china needs a deal. you know how i feel about the whole war issue. if that gets resolved and the fed is no longer going to be taking credit and liquidity out of the economy the fact of the matter the economy can telephone gro

we have larry kudlow. >> i heard that.ur former colleague larry will join us. >> i'm looking right at you now and you're not even tweeting. >> i'm not i will not tweet when you are looking at me and talking about me or to me even >> that and the suit comments. >> you're still reeling from the suit comments. it needed to be burned >> go to trump in vietnam? >> no. economic momentum, you believe january, february, february ending now. >> yes. >> you think first quarter gdp is going to be a better number >> yeah. you're talking about what was weak this quarter, victoria's secret >> it has been mixed certainly on the consumer front it's been tough to get one positive tone. >> it absolutely is. you could go and look at best buy. but then i say wait a second that's fortnight cell phones were bad it's apple macy's was okay. >> better than we thought. >> but not good enough. >> right. >> there is this element of, well, there's lowe's but then there's home depot it is more split i go to my lowe's. it's different they have the stock

i imagine larry kudlow did the same. ill be with me later this hour. >>> i also want to know what his thoughts are on the democrats' inability to applaud economic success. kudlow is coming up. >>> we have been following the gaming revolution on the show. multi-billion dollar business. now all the game makers are getting slammed because they missed out on fortnite, biggest game of them all. >>> plus, did you know israel is one of the biggest hubs for cybersecurity. they are real good at it. one company is betting millions to bring it here to new york city. you're watching the second hour of "varney & company." ♪ obvious. sometimes, they just drop in. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group - how the world advances. ♪ stuart: we started way down, we have come back a bit. i have no clue how we are going to close but right now, the dow is down a half percentage point, that's 138 points. 25,200 is the level. c

larry kudlow saying u.s.a historic deal. >> in north korea says hanoi was constructive but warns president trump he may have lost any chance of a landmark deal.

larry kudlow was trying to clarify that. he did say that the president says he does expect to meet with xi xinping on trade. when and where is totally up in the air. doesn't depend on meetings this week. wouldn't want to say one way or the other. at some point, this is coming from kudlow in this gaggle, the two presidents will meet. that is off in the distance. still at the moment. whatever that means, it is not imminent. we'll have more after this. have such a great trip. yeah, have fun! thanks to you, we will. aw, stop. this is why voya helps reach today's goals... all while helping you to and through retirement. um, you guys are just going for a week, right? yeah! that's right. can you help with these? oh... um, we're more of the plan, invest and protect kind of help... sorry, little paws, so. but have fun! send a postcard! voya. helping you to and through retirement. state of the art technology makes it brilliant. the lexus nx, experience the crossover in its most visionary form. experience amazing at your lexus dealer.

today larry kudlow came out with the comments. it certainly surprised the market. it is worrisome, yes. melissa: veronica, i heard larry come out with throwing some cold water before on reports that have been out there, near a deal but at bottom line of this there will be a deal at some point. neither economy can exist without the other? >> we're seeing pressure on the chinese economy because of uncertainty. trying to see in pockets. just the timing by march 1st, sounds ambitious to a lot he have poo he considering we don't have any paper meeting set up between the chinese president and president trump. who knows what the timing will be. something will eventually happen. this whole idea of intellectual property, that is such a big sticking point. who knows, maybe we'll see that carved out and we'll deal with some other issues and handle ip separately. connell: let's broaden this out a little bit, get more perspective on wall street. gerri willis joins us from the floor of the new york stock exchange with some breaking news, right, on sears, gerri? >> that's right. s

please welcome to stage larry kudlow. >> [ applause ] >> exactly right. hi everybody, thanks very much, it is quite true, i know i don't really look it, but my wife and ken were from montana, whitefish, my marriage license, , we don't want anything, i want to take a few moments if you will, and walk-through and outline president trump's trade policy thinking. then of course i want to mention the usmca, which we will discuss, and i won't talk china at the beginning, but any questions you have on china, i would be happy to try to answer. as the negotiations continue. >>> let me begin with this thought, the presidents view on trade, free, fair and reciprocal. free, fair and reciprocal. many of his critics, some including my conservative friends, have argued that he is a protectionist, i don't believe that to be the case, it is true i am the free trader in the building, but he and i have had long talks with this, i will call it free-trade and reciprocal, let me put this to you, just before the g7 last spring, and canada, which i collaborated with, with presid

white house economic adviser larry kudlow sent wall street running for cover. you can see it hasn't really uncovered from being under these blankets that's put on. down 268 points for the dow jones industrials, s&p lower by 32. the nasdaq getting hit, down 1.33% or 102 points. cut right off. energy and technology are driving the selloff. that could change in this next 59 minutes but larry kudlow speaking to stuart varney said there's this, as i told you guys, sizeable distance to go in the trade spat with china before reaching an agreement. that coupled with confirmation that president trump will not meet with chinese leader xi jinping before new tariffs are expected to go into effect on march 1st, all adding up to the selloff that you are seeing on the lower ticker right now. british prime minister theresa may facing a very stubborn european union that's adding to the fear. european leaders refuse to budge further on reopening brexit talks. >>> dow jones news wires global chief editor glen hall is the guy who fits at the intersection of news and how it affects

were you encouraged by larry kudlow's comments on "squawk on the street" earlier?i think a deal with china could be beneficial. i think international growth because i think larry was generally correct in that u.s. growth has been better than a lot of parts of the rest of the developed world so if we get a little more of a tail wind internationally i think that helps. i thought larry was a little overly optimistic on the china talks and i think he tried to gloss over the differences that ambassador lighthizer highlighted yesterday in his testimony. i still think there's a big problem with the china talks and i don't think the administration is as close to a deal as larry suggested, but getting a deal on tariffs and goods is certainly a positive in 2019 in economic terms. >> brian gardner, what does it mean for markets i asked that because we've had so many people on that said they think a certain amount of good news or near term deal or beginnings of a deal is priced in here. >> i think it is pretty good for the markets. i think in some respects the trump administra

the sell-off worsened when larry kudlow told fox's stuart varney that the u.s. and china are far away on trade talks. >> the president is optimistic on a potential china-u.s. trade deal. but but, we have a sizable' disdance to go here. >> this on news larry kudlow saying there is a pretty sizable distance to go in u.s.-china trade talks. coming late today. news on sears. a u.s. bankruptcy judge approving the sale of the retailer to keep 324 stores open. and save jobs. revenue 2.63 billion versus 1.6 billion in expectations. wells fargo experiencing outages on its website. bank employees cited a fire at a server farm for the cause of the nationwide outage. liz: nicolas maduro blockade, including food aid. u.s. restricting visas to maduro assembly members. we have details of the growing unrest in venezuela's military. democrats pushing socialism. but are they afraid of being called socialists? it sounds like they don't like that name at all. the "wall street journal" editorial board agrees with that. they want the government to control the private sector. but when

charles: take a listen to larry kudlow. he will be speaking live.he theme is sort of a push back for socialism, push back of wave of anti-capitalism. >> you're too kind. i will ask you a big favor. i will ask you a big favor. the share is easy. got our economic report this morning. the economy is growing at 3%. and that is what we told them. [applause] trump policies are working. lower tax rates. deregulation, trade reform, energy opening, conservative judges, foreign policy strength, blue-collar workers are booming for the first time. i think the highest employment of blue-collar workers since the reagan '80s, when i was working for president reagan. small businesses are booming. wages are rising. 3% growth as far as the eye can see. it is the hottest economy in the world. i will let the ankle biters just bite our aping -- ankles, okay? i'm so tired of it. i'm so tired of it. [applause] now, here is my plea. we have to preserve and build on the policies and the successes. we have maintain a strong and prosperous america. in short we have to keep am

larry kudlow suggesting there's no indication he's going to china or meeting with xi jinping. doing that requires an enormous apartment of ohgistic cal work to do the security, logistics all that no indication any of that is happening right now. could we get to march 1st without a deal it looks like that's a possibility. the question is does the united states slap the tariffs back into place and announce on march 1st, there's some agreed upon date for a meeting between trump and xi in march perhaps. >> you have one in the waiting room and one right there >> you can do that the question is, there's a lot of turf stuff here who meets was who. is it on their urve or our turf. a lot of the diplomatic nice hit surrounds that the united states might be wary of the idea of the president going to beijing and offering concessions from any kind to the chinese. the optics from that are not good if you're going to be offering concessions on both sides, you might want to do it in a place where no one feels they're giving something up on the other guy's turf. >> thanks. look, so this issue

larry kudlow, anything -- so ar, so good. we're hitting new records with growth. we're hitting new records with the economy. we have hit many new records on unemployment. more people working today in the united states than any time in the history of our country. we're getting very close to 160 illion people. and we never had anything like that. which tells you that we have to have people come into our country. great people. from the areas that we're talking about. we want them to be productive -- we want people who love our country and help our country. i want to thank our cabinet. the cabinet's doing a fantastic job. really unsung job. because members of this cabinet -- there are those people that say this is one of the best cabinets this country has ever had. i happen to agree. i happen to agree. we have great, great people in our cabinet. i want to thank you-all very much for doing a fantastic job. thank you very much. i guess maybe at some point there will be a vote. at some point -- i think you have done a tremendous amount of abuse. you handled yourself incr

when larry kudlow told us a long way to go to creech reach a deal.s no trump-xi xinping meeting in future the stock market took a real dive. if there is no meeting and deal by march 1st deadline that looks like failure. failure would be very bad news. that is why i'm optimistic. pressure on both sides is huge. both sides know it. xi and trump are negotiators. what is going on here is brinkmanship. in the end both sides will blink, that is my opinion. both sides will blink because they have to. for the next 20 days as we head to march the 1st, a stream of headlines, and statements. they will take positions. the computers will read headlines and markets will gyrate. it will get tense. already already is. our top trade people fly to beijing this weekend. look for a statement or blink from them as the latest china next talks get going. that march 1st deadline may be extended the trump-xi summit has already been pushed back. what i cannot see either side pushing back from the negotiating table and going home. the pain for everyone would be extreme. econom

. >>> investors not happy when larry kudlow suggested the u.s. and china are not close to a new trade pakt trade pact. >> the president is optimistic to a potential trade deal, but we have a pretty sizable distance to go here to quota colleague of me, ine, we have m goes before we sleep. that was a joke. >> the dow fell after those comments. we'll take a look at u.s. futures, they are down slightly this morning. u.s. official said president is unlikely to meet with his chinese counter part xi jinping before the march 1 deadline. u.s. trade representative robert lighthizer and treasury secretary steven mnuchin will travel to beijing for another round, a third round now of trade talks. the president has threatened to jack up existing tariffs on chinese goods if these two sides cannot reach a permanent truce. >>> washington heavy weights are remembering former congressman john dingell. his wife says he died peacefully at his home in michigan yesterday after battling cancel. dingle was t dingell served in the house of representatives for a remarkable

vonnie: that is larry kudlow speaking earlier. let's check markets now.e did see a futures reaction when the data hit. there's lots else going on, so let's get to abigail doolittle. abigail: we have a mild risk off tone on those weak retail sales numbers. take a look at the s&p 500 and the nasdaq lower. aredow down .5%, but we looking at decline at the lows. the s&p down, so risk off. we also have crude lower. take a look at haven bonds, the 10 year yield rallying, showing you investors are seeking safety. let's get to those future zero talking about. if we take a look in the bloomberg, we can see what happened because going into that retail sale print, we had post the futures in white and oil in orange trading higher, and then that disappointing number, the worst in nine years came out, and this massive slide down. interestingly, both are still lower, but oil more so than the futures, trying to come off of the lows and perhaps find positives. oil down 8/10 of 1%. not surprising that some of the retail stocks are hit on those numbers. macy's actually clim

friends and colleagues here, everyone, and especially secretary mnuchin, there a kudlow, and -- larry kudlow, and ivanka trump. i am proud to say that under your administration mr. president, we negotiated a major capital increase and reform package for the world bank. shareholders and dedicated staff, there's a great opportunity now to implement these constructive reforms that will eat to faster growth and greater prosperity. i want to also note that a key goal will be to ensure women achieve full participation in developing economies. i know ivanka has been a strong leader on women's economic apartment, and i look forward to -- economic empowerment, and i look forward to continue our work together on the prosperity initiative. mr. president, i am very optimistic that we can achieve breakthroughs to create growth abroad, that will help us come -- combat extreme poverty and increase economic opportunities in the developing world. thank you again mr. president, for this great honor. [applause] reporter: in your speech last night, you cried about ridiculous political investigations. they were

it was, it was drifting before larry kudlow's comments about the china trade deal to fbn. the market lower. of course it was already down because of forecast of european growth out of, european commission and bank of england. finally, some scuttlebutt maybe president trump and president xi will not meet after that deadline. does that mean the new tariffs will go into place? aa lot to ponder. we'll be right back. ♪ comcast business built the nation's largest gig-speed network. then went beyond. beyond chasing down network problems. to knowing when and where there's an issue. beyond network complexity. to a zero-touch, one-box world. optimizing performance and budget. beyond having questions. to getting answers. "activecore, how's my network?" "all sites are green." all of which helps you do more than your customers thought possible. comcast business. beyond fast. in honor of my dad, who was alzheimer's. i decided to make shirts for the walk with custom ink, and they just came out perfect. - [announcer] check out our huge selection of custom apparel for every occasion. you'l

larry kudlow in the past hour or so talking to reporters said there is no plans for a et mooing woo enthe president of the united states and the president of china there had been some speculation the president is going to vietnam on february 27th and 28th >> that meeting has been publicly confirmed by the white house. but there have been some speculation half-that president trump would while he's in asia would meet at some neutral location in asia or in beijing as of right now, though, larry kudlow telling reporters in the driveway that there is no plan in place for such a meeting to happen unclear where all this goes. because president trump has said personally that he expects ultimately any final deal on trade between the united states and china will come between he and xi and it will come face-to-face so we have to get to that meeting to see whether this deal will last in it was the president, himself, prior to that we weren't expecting that meeting, were we >> that's right. the public said publicly this will get to a meeting between he and xi, personally, light hauser and mnuchin, the

white house advisor larry kudlow at the negotiating table yesterday.oday he says he feels good about the future of a deal with china. >> they had a good vibe. they covered a lot of ground, very important. ambassador lighthizer suggested we look, both sides looked at more specifics than ever before. now we're not ready to put it on paper and there is a lot of work that must be done. reporter: three democratic senators wrote the letter to treasury secretary steve mnuchin. that letter saying in part, for far too long american inmotivatetores and workers need ad much more aggressive approach to china. china must stop the abusive practice of technology transfer and stop trade and economic espionage that pilfers our intellectual property and know how. u.s. companies must be permitted to freely come beat in china. mid-february is the next meeting in china with the u.s. delegation. connell? connell: edward thanks. melissa: shah, real quick, let me get reaction to those details. what do you think? >> the idea we could possibly get a comprehensive deal with chin

. >>> the dow dropping this morning after larry kudlow made some key revelations about the china trade negotiations right here on fox business. what he said that moved the markets, coming next. ♪ i've got to tell you something important. it's not going to be easy. quicksilver earns you unlimited 1.5% cash back on every purchase, everywhere. actually, that's super easy. my bad. to be nobody but yourself in a world which is doing it's best to make you everybody else... ♪ ♪ means to fight the hardest battle, which any human being can fight and never stop. does this sound dismal? it isn't. ♪ ♪ it's the most wonderful life on earth. ♪ ♪ it's the most wonderful life on earth. shouldn't mean going back to the doctoro just for a shot. with neulasta onpro patients get their day back... to be with family, or just to sleep in. strong chemo can put you at risk of serious infection. in a key study neulasta reduced the risk of infection from 17% to 1%, a 94% decrease. neulasta onpro is designed to deliver neulasta the day after chemo and is used by most patients today. neulasta is for certain cancer

white house adviser larry kudlow says we are not backing off.. they are hard at it. they are going to meet with president xi so that's a very good sign. and they're just soldiering on. so i like that story and i will stay with the phrase. reporter: look at the table, how far apart a little garden in between the two sides, might be an indication of how far they are right now. melissa: thank you so much. that does it for us. "bulls & bears" starts right now. david: our top story this hour, new reaction is now pouring in on the shocking announcement by amazon, the tech giant canceling its plans to build a second headquarters in new york city. this is a decision that's been met with both anger and relief. new york congresswoman alexandria ocasio-cortez is taking a victory lap of sorts, tweeting this out. quote, anything is possible. today was the day a group of dedicated everyday new yorkers and their neighbors defeated amazon's corporate greed, its worker exploitation and the power of the richest man in the world, end quote. here's what white house

hey john great to see you do we see how markets can move on a whim last week it was comments by larry kudlow the top economic advisor to the president today it was that shutdown news you know you say that while we can't see the futures investors can prepare for it what are they to do during these sort of troubling times john. well you're absolutely right bart it's interesting that often what happens is that we buy the rumor but we sell the news so i think that's part of what happened with larry kudlow since just after christmas it was all the screen shoots the good news the optimism suggesting that there might be a good trade deal in the in the equation and then look like well that's not going to happen and right now it looks like it might but it's all it's all noise right there's no real news certainly there's no there's nothing that's been signed or agreed to that's the same thing with the with the government shutdown hopefully that deal will get done hopefully there won't be another government shutdown but i think it is important for people to just not be complacent and believe that the m

by the rumor but we sell the news so i think that's part of what happened with larry kudlow since just after christmas it was all the screen shoots the good news the optimism suggesting that there might be a good trade deal in the in the equation and then look like well that's not going to happen and right now it looks like it might but it's all it's all noise right there's no real news certainly there's no there's nothing that's been signed or agreed to that's the same thing with the with the government shutdown and hopefully that deal will get done hopefully there won't be another government shutdown but i think it is important for people to just not be complacent and believe that the markets always come back the question because how can you limit your losses and what we're suggesting is one of the first steps is to increase the way you diversify people don't know what they owe and they say they own stocks and they own e.t.f. exchange traded funds but what we're suggesting is to find out what is that ratio often it is the case that people have sixty percent of their portfolio in stoc

>> well, i think -- let me just tell you, that larry kudlow made no bones about it, this is a threat to our well being and to our prosperous economy. and here's the thing, he had data to back it up, and he is clearly laying out the theme for the 2020 election. we heard speaker after speaker today talk about socialism, and it is pretty darn weird, david, that democrats are -- these old broken remedies at a time when our economy is doing very well. obviously kudlow was happy with the fourth quarter and full year report that we got just today. it does seem like a pretty losing strategy, but that is going to be the theme of 2020. >> look, the republican national committee has got to be thrilled right now that on the left, that this is what they are trying to run with, and that's the running of everything. it is no coincidence they are trying to take over the energy business and trying to take over the healthcare business, which i think is probably around 40% of the economy, by people, and let me say this slowly, who have never run a business, who have never created a job, who have never

the dow, the s&p 500, the nasdaq fell to session lows on larry kudlow's comments.e is no agreement, tariffs on $200 billion worth of chinese goods will move higher from 10% where they currently stand to 25%. consultants say american companies are trying to mitigate their exposure from simple paperwork changes to overhauls of decades old supply chains. while investors are adjusting to economic possibilities larry kudlow said president trump is weighing another tax cut for middle class americans. >> we are kicking it around. we are looking at a couple of interesting things that may end up surprising. >> larry kudlow give details before the 2017 tax overhaul. republicans wanted to make the temporary tax reduction a permanent fixture. bret, back to you. >> bret: deidre, thank you. frank robinson has died. he was the first black manager in major league baseball and only player to win the mvp award in both leagues. robinson became cleveland's player/manager in 1975 and proceeded to hit a home run in his first at bat in that role. during his baseball playing days robinson

here's what white house economic adviser larry kudlow had to say to brian kilmeade earlier. take a listen. >> i know there was some controversy. you know, we just -- the president and i just met with governor cuomo and that topic did come up, but it would have really helped new york, that's all i can say. it's too bad. it's just too bad it didn't work out. david: you can bet our panel has a lot to say about all this. kristina partsinevelos, liz peak, john layfield. first, back to new york city, where amazon's second headquarters would have been built. connell mcshane, new polls show locals wanted amazon to come in. what are you hearing? reporter: in the end it was really that local pressure from the likes of congresswoman alexandria ocasio-cortez that you brought up that amazon says led into the decision to pull out. remember, there were a lot of jobs being promised. amazon said it was bringing more than 25,000 jobs here, high-paying ones as well. $150,000 average salary but again, that local political pressure got the best of the company. in a statement earlier today it sai

five percent there were also remarks from some of the economic advisors to the president from larry kudlow who mentioned in an interview that there is still a huge distance between china and the u.s. when it comes to the trade talks or that certainly was one of the main reasons why a wall street traded lower young thirty and something else that was moving markets today twitter releasing its fourth quarter and its annual revenues and some good numbers there but the markets didn't really like it. yet at first glance everything looked picture perfect record revenue in the fourth quarter for the full year the first full year that was profitable for twitter online and coming in rather strongly and the stock was down by about ten percent well first of all twitter did lower their revenue forecast for the first quarter so they just started they're also talking about higher expenses by at least twenty percent for training nineteen and then also when you look at the number off a monthly active users those figures dropped for the third consecutive quarter and now twitter decided in the future to not

larry kudlow is going to say supply side is working. theory, is there a validity to it. bruce: when the tax cuts came in, we said we were not going to get much of a capital spending was going toit continue along the same lines. we have seen more workers come in as wage inflation has moved up. the productivity picture, the demographics have not changed. we do not see a supply-side miracle coming. we are going to drive forward through the economic data this morning. cannot emphasize enough the data dump. ferro in conversation with the director of the national economic council. look for that. stay with us. me keen -- i'm tom keene in new york. viviana: this is bloomberg surveillance. i'm viviana hurtado. shares of amazon are falling in premarket trading. the largest e-commerce company gave a lukewarm first-quarter sales forecast that has raised concerns about slowing retail growth and a murky outlook for amazon's business in india. apple is flexing its muscles as the operator of the most lucrative u.s. app store. apple pulled development t

white house economic advisor larry kudlow addressing cpac. edward lawrence is in washington with the latest. reporter: larry kudlow told the crowd, democrats want to reverse all of the president's economic policies. he said socialists in the party are pushing higher taxes. the healthcare system takeover and planning to derail the economy the president sparked. >> we prosper in america when we are allowed to use our god-given talents. our god-given talents of creativity and ingenuity and inventiveness. from god of faith, and life. reporter: jim buller told me the economy would get a further shot in the arm if the u.s. signs a trade deal with china. chinese blocked off march 20 through march 29. they have president trump xi jinping scheduled to fly to the resort with all the deputy-level ministers who worked on the trade agreement. at a fueling stop in alaska president trump said we are making the right moves for him to close a deal. president trump: china is way down. the e.u. is down. a lot of countries are have much down. most of of them. an

>> it is official, according to larry kudlow, i am under consideration, which, as you know in itself honor. it's a distinct honor. but you also know that at least nine hoops i have to jump through in order for it to become reality. >> lou: with you it's always nine. >> it's always nine. i stopped counting at nine. >> some days i can't get tonight. good for you. the star with looking at what the president is having to go through. he's been abstracted, i mean it's like to me it is the most explicit inexplicable vitriol, while that the dems are spewing everyday and attacking him and his administration mercilessly. there is not one person in the republican party leadership who will stand up and say, bdm democrats, and stand back. you have gone beyond the bounds of anything acceptable in the american way of life. what he think? >> when the democrats won the majority for the house of representatives in november, i stated on my show at herman cain.com that spirit. >> lou: was at herman cain.com. >> my show is heard every day at herman cain..com. hi made the statement that it's total chaos f

but larry kudlow from the president's office says that line is getting old. line is getting old.ll debate it coming next. i switched to liberty mutual because they let me customize my insurance, and as a fitness junkie, i customize everything. like my bike and my calves. liberty mutual customizes your car insurance so you only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ but super poligrip gives him a tight seal. snacking can mean that pieces get stuck under mike's denture. to help block out food particles. so he can enjoy the game. super poligrip. david: senator cory booker announcing that he is going to be joining the growing field of democrat nominees for 2020. democrats all seem to have one thing in common saying they can pay for their new spending plans by adding for taxes on the rid. but the bhows' larr white housey kudlow says the rich are already paying their share. >> they pay 37% of all of the income taxes. okay? and the top 1% basically pays more than the lowest 90%. so who is carrying the freight here. the most successful are not only paying their fa

he left that to the national economic council director larry kudlow. kudlow moments ago speaking at cpac in national harbor, maryland, where he touted today's gdp numbers and team trump's economic policies. let me get to edward lawrence, who has been following it all. he really hammered a couple of things, socialism, et cetera, but you have breaking details on a possible summit really coming together with chinese president xi? reporter: it's very interesting things at least showing up on the calendar. the chinese have blocked off the last ten days of march for a trip by president xi jinping to specifically mar-a-lago. the white house saying only that a meeting between the two presidents will finalize a trade deal. well, now it seems that date would be sometime between march 20th through march 29th and again, specifically at mar-a-lago, because that's what the chinese have available. the chinese are watching as president donald trump walked away from a deal with north korea that could have been a message that he's willing to walk away even if everything

white house economic advisor larry kudlow speaks to the national governors association about the new trade agreement with it between the u.s., mexico, and canada. >> the governors of puerto rico, guam, and the u.s. virgin islands and the northern mariana islands were on capitol hill to testify on the state of their respective territories. one issue included the need for more disaster relief funding following recent hurricanes and other natural disasters. the senate energy and natural resources hearing is o

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investors not happy after larry kudlow says there is a sidable difference in trade negotiations. to 1%, the nasdaq down 1.2%. look at banks here though. decade after the financial crisis, no problem. bb and t and sun trust rose 10% and 4% respectively after announcing a $66 billion merger forming the sixth largest u.s. bank. >>> sears lives to see another day. a bankruptcy court approved the sale to a hedge fund controlled by eddie lampert. the decision will keep 425 stores open, save 45,000 i don't thinks. the 133-year-old retailer was once the largest retailer in the nation. it has struggled for decades losing business to line oig rons and big box retailers. >>> if you like ice cream and rum or bourbon, haagen-dazs has something new in the freezer aisle. it is launching a new line of accept alcohoseven alcohol infu treats like about yo treats. the brand isn't the first to add booze to its products. ben and jerry's launched a flavor infused with bourbon in 2017. and also smaller brands have been selling alcoholic ice cream for years. the collection will be available nationwide i

white house economic adviser larry kudlow says issues need to be resolved. including technology transfers and protection. be pushedne would not back, leaving open the possibility that higher tariffs will take effect. the march 1 deadline is stillll in tact. a numberdent has said of times that he expects to meet xi. present -- president when and where i is totally up n the air atat the moment. >>>> uncertainty has rattled markets again. automobiles performing the worst, d dragging the dax down momore than .6666%. euro heading for the biggestt weekly drop in four months a fears mount of an economic slowdown in europe. areland chinese markets still closed for the lunar new year holiday. the naked clososing down 2% with sony shares jumping after i it announced d the first everer sty back of $910 million -- stocck $910 tock buyback of million. 2018 in china for said it was the strongest growth . sales jumped 10% in the fourth quarter. ststocks listed 1.3% at midday. progressive democratic lawmakers ,ave unveiled a new resolutioion a 10 year roadmamap to phase out

. >> has anybody ever heard of larry kudlow that voice i hear that voice and you think money. >> thank you, sir. >> i didn't even know that china is the worst performing stock market in the world. we don't want that we want china to do -- that's because of us. we are the best performing country. we have a lot of potential for further growth we're going very well over in china. our people are there i think we're going to have some good answers i think either way i'm happy i'm happy either way i can live receiving billions and billions of dollars a month from china cl china never gave us ten cents. we'll see how it works out at some point i expect to meet with president xi, who i have a lot of respect for and like a lot. that's the way deals happen. >> first of all, as you know the tariffs pick up for us we take in much more money the tariff and there's nothing they can do that's comparable. it's not like tit for tat. the tariffs kick in. they are paying 25% or $50 billion. they're paying 200 billion we have 250 billion. we have 267 billion dollars that we were very nice about. generally

connell: obviously getted idea from larry kudlow they're putting socialism on trial.eaking at cpac earlier in the day today. that is kind of the emerging theme we're getting in the early days of the 2020 presidential campaign, capitalism versus socialism. the white house likes that matchup. we heard it time and time again. bring in anneke green, "real clear politics," former bush 43 writer. kristen hahn, blue dog coalition. let me start there. the white house likes the matchup, if this is what 2020 is about, we'll take it, socialism very capitalism. are democrats running into a campaign trap on economics? >> i don't think we're walking into a trap. i think you're exactly right, they do like the matchup. this is not what this is. there are other candidates already announced in the democratic field that are farther to the left but i don't think ultimately will be successful. if you look at states we need to win in a general election, this is not something that bernie sanders can do. so i think it is kind of a faust comparison right now. there are plenty of people in the