if you dcourage sales, you'll get less revenue and so larry summers said what's the point ot going t high. >> john harwood in washington. thanks, john. >> reporter: you bet. >>> time to take a look at somes of toda upgrades and downgrades. fedex was downgraded today to neutral from positive. the analyst said the stock will remain under prearure in the t a new source of cash flow. the price target is now 92 dhat stock rose 1% to $177.90. >>> seawoas upgraded to buy fromneutral. the analyst calls that theme park operator a leader in its industry and can benefit from improving economies of scal price target now is $34. that stock was up a fraction to $24.68. >>> m beverage was named a top pick at credit suisse today. the analyst cited the company's growth potential and pointed to slowing momentum at new competitor bang. the price target, 5. shares dipped to $54.46. >>> still ead, startups promise to disrupt the financial services industry, but that's not exactly how it's been >>> as you may knowes lyft m its debut on wall street tomorrow, and tonight it priced its tipo $72 a share. that

eastern time >>> larry summers on markets, the economy and u.s./china trade.t the same quality of customer service that we have been getting. being a usaa member, because of my service in the military, you pass that on to my kids. something that makes me happy. being able to pass down usaa to my girls means a lot to both of us. he's passing part of his heritage of being in the military. we're the edsons. my name is roger zapata. we're the tinch family, and we are usaa members for life. to begin your legacy, get an insurance quote today. ♪ >>> good tuesday morning welcome back to "squawk on the street." i'm carl quintanilla live with sara eisen faber is with us from one market in san francisco on a week's worth of coverage out west markets having a bit of a tough time getting out of the red. down 65 on the dow and down 7.5 on the s&p some data about to cross the tape including new home sales and ism services let's get to rick santelli >> well, not so old. on the ism nonmanufacturing, looking at february and, indeed, the biggest swat on the u.s. economy. we're e

. >> i hope there's more with jason and larry summers rather than other folks it would be a great ideahe corporate tax rates. fine, offset by capital gains rate if you want to get something done, that might happen. >> kelly, to jimmy's point, there is a progressive argument against raising the capital gains rate to the level some of the democrats are talking about and made to me by larry summers in particular. if you'll get fewer transactions and fewer gains to tax, so he said that would be counterproductive. doesn't mean you can't somewhat and proposed to take it up to 28% which was the level it was set in ronald reagan's 1986 tax reform. >> let's turn quickly to health care and what seems to be a growing, an issue of growing importance and relevance in the 2020 campaign. the president saying he wants the gop to be the party of health care. >> right it's extraordinarily helpful to do that if you have a health care plan. republicans have never agreed on a health care plan obamacare has a lot of things in it that were sort of originally republican ideas the idea of subsidizing people to

is is is secular stagnation now the weird thing is it you have people like larry summers out there preaching secular stagnation darry we need more debt and the m.m.j. years say well that is savings they've turned this whole thing upside down you know and i know that saving is what's left over when you produce something and you don't spend it all it's west left over here we're talking about guaranteed living wages in this green today all for everyone no matter whether they can work or not it's crazy it cannot work and yet they say these experiments were. work they tried want in what was it sweden or friendly just abandoned that they tried one in canada which they claim work but there was canada d.-o. work is everybody in. one province ontario gave money to all the residents in one tiny little town of course s. going to look like it's going to work it's it's because these people get money they spend it and they're happy so how does it scale take take that one city scale it up to the whole province is is the all the rest of canada going to give money to one province in canada and then you need

. >> you know, with larry summers and dick cheney and several of the democratic presidential candidatesmising unlimited spending, this was an excellent opportunity for the president to propose a fiscally responsible budget. but priorities yes, what he's done is games, gimmicks and gaps. i mean come you take a look at this and you look in the out years and the dead he is proposing will increase more than the debt that obama had in his eight years in the president was very critical of the former president. but this is in a word, very disappointing. connell: i guess it is your point that it has been going on for years when someone like dick cheney would say deficits don't matter anymore in our liberal economists like larry summers is actually not. but there is a real police now in washington it's been written about for the last few months that is the new world. would you say to people as they doesn't matter as long as we can finance and pay for these debts and deficits, it doesn't really matter as much as people have been telling you for years that it does. >> we in the budget community is

i want to bring up something that obama's advisor, larry summers, said in the washington post after then the administration was saying we can get 3% growth, he said fair enough, if you believe in tooth ferries an fairies ands supply side economics. my question to you is do you believe the tooth ferry. >> fairies.>> i do. the fed has been critical of trump saying it's late cycle fiscal stimulus which puts pressure on the deficits. we wouldn't have had 3% growth he not lowered taxes. it did absolutely give the economy and the confidence a jolt and we saw that. whether or not it's sustainable, that's a little tougher. that's actually in my p mind determined by the fed because if trump gives fiscal stimulus, which is adding money to circulation, which is making that available to consumers and corporations and putting these -- getting wage numbers up, if the fed is reducing money out of circulation, it's counter-balancing that and then the tax cuts won't last quite as long. lauren: it's funny how it comes back to the fed. last question as we wrap this up. this could be a nice sign for the ec

all seriousness, you have larry summers coming out excoriating the democratic party emgreatsing magicalrn monetary theory. this idea we can print free cash from the treasury money tree, that will pay for all of it. in very, very limited scale that works when the economy is booming but if you're adding taxes, at every turn in which the economy is growing, when you're punishing investors, when you're punishing average americans for trying to enter the stock market and not just engage in the consumption side of the economy, mmt doesn't certainly work at all. charles: deroy, it does not really matter if you frame this around social justice, doing the right thing for the next generation who always gotten short end of the stick, particularly more recently as central banks printed trillions of dollars to bail out banks and rich people. >> those slogans sound very attractive, show me anything other than the hoover dam the government done well. moonshot. apollo 11, great movie. solyndra, "cash for clunkers," new york city housing authority, the agency runs the public housing here in new york cit

even over the weekend, larry summers came out to say we cannot grow at this rate.hor of the secular stagnation story which is obama's great ace in the hole. that's why we didn't grow for eight years, because we had secular stagnation. i don't believe it. david: but can the media, assuming the media doesn't want to get rid of trump by talking down the economy, can they do it? if the economy is strong and resilient, does it matter what the media says? >> i don't buy into that. maybe there's a little small component but look, i think the economy, $20 trillion in big, big, big and people are going to go on their merry way regardless of what's said and regardless of what's driven home every day. david: last word from florida and our friend gary. does it make sense to keep adjusting our clocks? seems like every other month we are doing that. why some lawmakers are now pushing to end daylight savings time or at least to extend it or something. we will talk about that, coming up. you can get protected monthly income for the rest of your life. that's what i'm talking about.

larry summers put it nicely a few years back, this theory of being in secular stagnation. it implies that in order for economies have full employment, interest rates would have to be suppressed for very long, if not forever. are a stronghere grounds of evidence to support that, especially in the european union. there might be some short-term respite, usually europeans and the united states we have seen comments from central-bank switchblade emergence factors for this activity. let me translate the factors. it is china. bead -- there has indeed been a significant slowdown. i think it will change in 2019 because the chinese are putting their foot on the accelerator of the economy. that could provide short-term relief, but it is not enough to allow the economy and us in the rest of the world to escape. there is much or for a sustainable move upwards. some commentary on bloomberg today talked about the fact that u.s. exceptionalism might be over when it comes to equities. we have seen u.s. equities underperform a little bit. not only that, but if you look at european equities,

treasury secretary, larry summers. >>> and blessed relief from all of the above. ♪ music and conversation

your trade deficit goes up, because you've got companies -- even larry summers said this in the "newmes" today. countries are lining up to invest in the united states, and that's why we have so many jobs in this country. the trade deficit, austin, tell me if you agree with me, is a sign of a good, strong economy. because we have consumers that are flush with cash. we've got investors who want to invest in the united states. >> but guess what he promised, to get rid of it and said it was a bad thing which was totally wrong. >> steve -- >> erin -- >> embracing the trumpian view. >> okay, go ahead. >> do you agree, first of all, the rising trade deficit is a good thing? >> the complete opposite of what trump has said. the place i'm going to agree with steve, the very quotes that you play there, erin, about the president's statements, about what the trade deficit means or what it means for the economy, we use that as a recruiting device here at the university of chicago business school. we say, this guy went to wharton, and we play those lines. so the fact that he proposed policies that

the new wrinkle is a number of economists, larry summers, blanchard, formerly of the imf have pointed out that when interest rates are low and likely to remain low for a long time, there's less urgency about addressing the debt. but that doesn't mean we can continue to have a debt growing faster than the economy forever. the question is, when do we hit the wall >> i wonder sometimes, if you look at it on a household basis. i don't love making thus comparison but hear me out a household would say you can't spend more than you have but if you look at the debt number, so you have debt on your house but what's your net worth as a comparison for that? we look at the u.s. economy, we often talk about the deaf sfici, the debt but not about the wealth of this country is that because it doesn't matter or because -- why don't we talk about putting that into -- >> i don't think the household metaphor works very well here. we know that some day taxes have to go up or spending has to be cut a lot because we're an aging society. and the problem we have now is we are borrowing lots of money and much

deficit is on course to top $1 trillion and jay powell, larry summers, and paul krugman are all critics. larry fink says it is not a good approach. >> that's garbage. >> you are with jay powell on this one? helpising taxes does not economic growth and more importantly, yes, i am a big believer that deficits do matter. i am a big believer that deficits are going to be driving andrest rates much higher could drive it to an unsustainable level. intelligencea's agency says the north has resumed work on a long-range missile site with operations possibly beginning before the hanoi summit took place. satellite images indicate work at the site took place somewhere between february 16 and march 2. global news 24 hours a day on air and at tictoc on twitter powered by more than 2700 journalists and analysts in more than 120 countries. >> thank you. another major story we're tracking today -- tesla reaching an agreement on more than $500 million in loans from chinese banks to build their giga factory in shanghai. david welch joins us with details. imagine tesla is glad for this positive headline fo

larry summer, the treasury secretary under president clinton, and economic adviser under president obama, noted that the theory behind the idea that deficits don't matter is being oversimplified, and exaggerated, by fringe economists who hold these ideas out as offering the proverbial free lunch. the ability of the government to spend more without imposing any burden on anyone. we also heard cbo disagree with this view in our last two hearings. make no mistake, both sides share in the blame of the rising deficits and debt. and both sides must work together to address these issues. just as these problems did not arise overnight, they're not likely to be solved overnight. that's why in the coming weeks, i'm hoping to put forward a budget resolution with a reasonable achievable deficit reduction target as a first step in turning the tide of red ink. ignoring the problem is not an option. i would ask that as colleagues review the president's budget, and as we work together to craft a fiscal year 2020 budget resolution, done by congress, we are clear-headed about the challenges we face. again

jay powell, larry summers, and others are mmg critics. >> that is garbage. >> you are with jay powellern economic growth. yes, i am a big believer dax visits -- deficits do matter. drive interestto rates higher and could drive them to unsustainable levels. >> journalists and analysts. this is bloomberg. economy.on the global there is a feeling the trade war is hurting export. china slumping to the lowest level in a decade. juliette: joining us for more on head of financial markets asia. great to have you with us. when we last spoke, september last year, we had not seen the full escalation of the trade dispute. now we are starting to see headlines of perhaps a resolution. we have seen this spat start to hurt the growth engine. the tension between the u.s. and china is more than just about trade. property,t geopolitical and economic conflict. morelowdown in china is than just the impact of trade. it is because of the deleveraging drive. more recently, we have seen a progrowth agenda. cuts, measures for infrastructure spending. the privatert for sector. chinese authorities do have the ab

the pathway home at the veteran's home of california in yountville shutdown last summer...larry kamer/pathway home- "it's been a hard year. it's been a year of figuring out the path of the pathway home." returning to the pathway home was too much to bare for employees and former residents there, says spokesperson larry kamer. losing doctor jennifer gonzales shushereba... doctor jennifer golick... and, executive director chrstine that yountville won't soon forget. larry kamer/pathway home- "they had dedicated their lives to helping vets who were dealing with traumatic brain injury, mental health, physical health, ad other issues. you know, we ask a lot of our warriors, and we send them to some very very difficult situations, and we just need to do a better job of getting them out of the military and into society as we do in preparing them to come into the military. and, that's what those three women were dedicated to doing." the gunman killed himself after shooting the women. he was a veteran who had recently been treated and released from the home. in yountville, philippe djegal, kron

when larry summers said that was ridiculous and outrageous and we were delusional. we not only hit those numbers, but we have been the most accurate. so we think that over -- mr. sirse: let's say are you not as accurate. where would you go to get the money? director vought: we're not suggesting that we're going to make any changes to the budget. the aspect of our budget is that you look at what is coming in and look at what's going out. each and every year you make adjustments. that's the importance of the federal budget process. it is certainly broken, i agree with the chairman and ranking member that we can make reforms. i would also say that, look, the budgets are about putting our visions forward for the american people. mr. sirse: i get all that. -- sires: i get all that. bring it to something more local. i'm sure many members here serve in local office why is it that the president and the people always feel that eliminating the community development block grants are necessary? this is a program which helps communities that can cannot apply for the funding. yet

earlier we talked to larry summers. op-ed today in "the washington post" criticizing the left's embrace of so-called modern monetary theory which basically assumes that the federal reserve can monetize debt taken on by the federal government and the federal government in aoc's plan, for instance, pays for the new green deal with a fed and lower interest rates and asked summers about this on "squawk on the street." >> whenever the next recession comes, we need a lot of fiscal stimulus but this modern monetary theory idea where we can guarantee jobs for everybody or have medicare for all, just rely on money printing to finance it, i think that's quite a dangerous approach and i'm sorry to see that it's gaining more adherence what my column points out is that it's sort of a new voodoo economics. >> obviously, he's a notable voice on this issue because he was in democratic administrations and economists in the obama administration, in the clinton administration says these ideas that we're hearing from some of the members of

larry summers, the former treasury secretary, told knee if you take it that high, take it above 30%,re taxed on a voluntary basis when people sell property, sell their assets, they won't sell as many, and if you take the rate over 30% it could cost the government money in which case what's the point? >> yeah. the battle continues to try to figure out the best revenue raisers if they are even out there. there's others as you well know who believe lower taxes simply will result in higher revenues. >> right. >> yet to happen. >> all right, john thank you. you bet. >> john harwood. as we head to a break. a quick programming note don't want to miss our special coverage that have lyft ipo. of course, it's really going to start later today with sara's coverage on "closing bell" when we potentially get pricing. >> you'll be joining us for that. >> i don't know if i'm joining it if i can find the pricing i'll let everybody know what it is. the ceos are on tomoow arrt 8:00 a.m. on "squawk box. we'll be right back. you've worked hard to grow your wealth. make sure you're working with a wealth m

the pathway home at the veteran's home of california in yountville shutdown last summer...larry kameray home- "it's been a hard year. it's been a year of figuring out the path of the pathway home." returning to the pathway home was too much to bare for employees and former residents there, says spokesperson larry kamer. losing doctor jennifer gonzales shushereba... doctor jennifer golick... and, executive director chrstine loeber (chris-teen low-burr) -- closed a chapter at that facility that yountville won't soon forget. larry kamer/pathway home- "they had dedicated their lives to helping vets who were dealing with traumatic brain injury, mental health, physical health, ad other issues. you know, we ask a lot of our warriors, and we send them to some very very difficult situations, and we just need to do a better job of getting them out of the military and into society as we do in preparing them to come into the military. and, that's what those three women were dedicated to doing." the gunman killed himself after shooting the women. he was a veteran who had recently been treated and

the pathway home at the veteran's home of california in yountville shutdown last summer...larry kamer year of figuring out the path of the pathway home." returning to the pathway home was too much to bare for employees and former residents there, says spokesperson larry kamer. losing doctor jennifer gonzales shushereba... doctor jennifer golick... and, executive director chrstine loeber (chris-teen low-burr) -- closed a chapter at that facility that yountville won't soon forget. larry kamer/pathway home- "they had dedicated their lives to helping vets who were dealing with traumatic brain injury, mental health, physical health, ad other issues. you know, we ask a lot of our warriors, and we send them to some very very difficult situations, and we just need to do a better job of getting them out of the military and into society as we do in preparing them to come into the military. and, that's what those three women were dedicated to doing." the gunman killed himself after shooting the women. he was a veteran who had recently been treated and released from the home. in yountville, phili

the pathway home at the veteran's home of california in yountville shutdown last summer...larry kamer/pathway home- "it's been a hard year. it's been a year of figuring out the path of the pathway home." returning to the pathway home was too much to bare for employees and former residents there, says spokesperson larry kamer. losing doctor jennifer gonzales shushereba... doctor jennifer golick... and, executive director chrstine loeber (chris-teen low-burr) -- closed a chapter at that facility that yountville won't soon forget. larry kamer/pathway home- "they had dedicated their lives to helping vets who were dealing with traumatic brain injury, mental health, physical health, ad other issues. you know, we ask a lot of our warriors, and we send them to some very very difficult situations, and we just need to do a better job of getting them out of the military and into society as we do in preparing them to come into the military. and, that's what those three women were dedicated to doing." the gunman killed himself after shooting the women. he was a veteran who had recently been treate

the pathway home at the veteran's home of california in yountville shutdown last summer...larry kamer/pathway home- "it's been a hard year. it's been a year of figuring out the path of the pathway home." returning to the pathway home was too much to bare for employees and former residents there, says spokesperson larry kamer. losing doctor jennifer gonzales shushereba... doctor jennifer golick... and, executive director chrstine loeber (chris-teen low-burr) -- closed a chapter at that facility that yountville won't soon forget. larry kamer/pathway home- "they had dedicated their lives to helping vets who were dealing with traumatic brain injury, mental health, physical health, ad other issues. you know, we ask a lot of our warriors, and we send them to some very very difficult situations, and we just need to do a better job of getting them out of the military and into society as we do in preparing them to come into the military. and, that's what those three women were dedicated to doing." the gunman killed himself after shooting the women. he was a veteran who had recently been treate

. >> larry summers doesn't believe it >> it's 100% true.nment can print as much money as it wants to pay its bills until it can't >> right but nobody knows when that is. >> when you debase something, you know where that comes from it comes from the thousand millennial history of emperors and dictators of putting base metal into precious and that debased the currency so we can pay bills. we can write checks. we can just click keys and send people money. >> we need $94 trillion to make -- >> hold on a second. joe, how much do you want? >> $94 trillion. because we want to make everything free. but we need $94 trillion if we can print it, why not do it it's not a cost. it's an investment right, andrew? to solve the injustice, dude, that we were just talking about. can we do it >> so the mmt folks would say the limit on these things comes when you start to see inflation which is the same thing steve says there is a way you can take their arguments and convert them into fairly standard macro thinking about these sorts of things their point that,

think we need to have -- is that what you're saying you think there's merit to that deal even larry summers>> if 10-year interest rates are 2.44%, right the return on certain infrastructure investments is well above that. and i'm saying that not to take advantage of that window is bad economics. that's what i'm saying i am not going all the way to say there is no limit, we should keep pressing and we should wait until we see the whites in the eyes of inflation. i'm not saying that at all i'm just saying that -- take advantage of what the world is giving you the only reason in my view we are 2.44% on the 10-year is because germany is negative. why not take advantage of that situation? >> if that's the case, when do you see that turning around? europe's got a long haul of problems >> we don't spend enough time on europe we don't spend enough time on the ecb. if you think the fed has challenges, multiply that by ten and you get to the ecb and the ecbis important. >> you add on all the debt because it's good times right now, it goes up. then you're partying like that's 1999. >> no, joe why do y

the pathway home at the veteran's home of california in yountville shutdown last summer...larry kamerrd year. it's been a year of figuring out the path of the pathway home." returning to the pathway home was too much to bare for employees and former residents there, says spokesperson larry kamer. losing doctor jennifer gonzales shushereba... doctor jennifer golick... and, executive director chrstine loeber (chris-teen low-burr) -- closed a chapter at that facility that yountville won't soon forget. larry kamer/pathway home- "they had dedicated their lives to helping vets who were dealing with traumatic brain injury, mental health, physical health, ad other issues. you know, we ask a lot of our warriors, and we send them to some very very difficult situations, and we just need to do a better job of getting them out of the military and into society as we do in preparing them to come into the military. and, that's what those three women were dedicated to doing." the gunman killed himself after shooting the women. he was a veteran who had recently been treated and released from the home.

. >> you and larry summers agree in the modern monetary theory not being good maybe you should take anotherbe it works. i don't know you guys are always on the opposite side of things. >> most of the time larry and i agree. but when we disagree, it's quite visible to the outside world but he's right on that >> kevin, thanks >> yep bye-bye >> let us know what the president thinks about everything you tell him. >> be back later in the week >>> when we return, inside the house of cards of theranos >> in my mind i've always thought the true legacy of silicon valley is to create good products that exist in the worlds to me i couldn't think of something that could make the difference in the world rather than something that can change when we have to say good-bye too soon >> we've got "the wall street journal" reporter who first broik this story wide open stay tuned you are watching "squawk box" on bccn see that's funny, i thought you traded options. i'm not really a wall street guy. what's the hesitation? eh, it just feels too complicated, you know? well sure, at first, but jj can help you with t

you've got people like larry surms, and -- summers talking about the need for more fiscal policy to supportgot people talking about the need for more incluesive capitalism. and these are policies which over time would be supportive for the world economy, and potentially create a more incluesive form of capitalism. the issue is, and the challenge is, well, who's going to put these exciting new policies into place? where is the global consensus on a new approach to capitalism going to come from? if you look at the people who are in charge in the u.s., in some countries in latin america, in some countries in asia, some countries in europe, doesn't seem like people who are going to be very open to these ideas. >> thank you so much. tom orlik joining us from washington. tom was speaking of the people in charge. let's look at man in charge of the u.s., president trump. he is meeting with caribbean leaders at his mar-a-lago resort in palm beach, florida. you can see him there with the first lady as well. taking some pictures. we'll see if he makes any comments about the many different headlines ci

>> there was a revised lawsuit that says back in the summer of 2014 larry page essentially approved arant worth when i did $50 million for the creator of android and he bypassed the board and did that without their approval. at that time, andy rubin was under investigation by the company for misconduct. it is unclear if larry page knew about the allegations and if he did, how much he knew but ruben went on to use it the stock grant to secure a better severance package for himself. the bottom line -- this story adds to criticism out there regarding google's board not being strong enough. it raises questions about who companyt and how the manages cases of sexual harassment for top-level executives. ratingthere was a big from merrill lynch yesterday on apple. april 25 will be about video. what do we expect? >> apple is going all in on its services business which makes sense. users do not upgrade apple iphones as frequently. we expect three things to be unveiled including a video streaming service to compete with netflix and amazon. and a magazine subscription service integrated with the

larry hogan would do well, too. >> if beto manages to win the nomination for the democratic party next summer in milwaukee, can he. it would be a very expensive bet. but i can tell you, when i talk to republicans in the state, it's not just the presidential question, it's the vice presidential question. the house democratic campaign arm is targeting six congressional seats isn't the state of texas. the difference between the republicans feeling good about those seats and worrying about armageddon is whether or not o'rourke is on the national ticket. >> and if he's a running mate, it helps. thank you, abby. please keep coming back. up next, "hardball" is hitting the road. i'll be in iowa on monday to sit down with one of the 2020 presidential candidates. more on that after this break. 0 presidential candidates. more on that after this break. openturning 50 opens theuard. door to a lot of new things... like now your doctor may be talking to you about screening for colon cancer. luckily there's me, cologuard. the noninvasive test you use at home. it all starts when your doctor orders me. then it's as easy as get, go

larry. >> join us tonight at 9:00 on kofy tv 20 cable channel 713. the tahoe resort that says it has so much snow it's staying open until summer. >> abc 7 news at 11:00utfielder cameron maybin is apologizing for his dui charge. what he's saying to fans and new video of the arrest. >> all that's coming up later this evening. but that is this edition of abc 7 news. look for breaking news whenever you wish on the abc 7 news app. we appreciate your time. i'm dan ashley. >> i'm ama daetz. for larry, spencer, the entire abc 7 news team, have a great evening. >> we'll see you again later tonight. remember the way we used to do things? hey man... like connect with friends? dig it! or get in shape? or sell a house and pay a real estate agent a big commission. [crash] at redfin, we charge you a 1% listing fee. and because redfin.com is america's #1 brokerage site our agents get more eyes on your home so you sell for thousands more than the one next door. don't get stuck in the past. sell with a redfin agent. than the one next door. dearest britain. we love you. maybe it's your big hearts. your sense of style. welcome to ba100. (ba100, you're clear for take-off

coach larry: lord bless everybody that's going to the game, bless these young men and these young women as they cheer and as they play on the field. >> anthony: it's friday night. homecoming. the summers anthony: everybody knows everybody else's families, ask after their kids by name, mixed couples are common. there's an easy familiarity between people here. >> coach larry: bang, bang on three. one, two, three. >> team: bang, bang. >> coach larry: get there! >> anthony: so very much west virginia tradition. coal mining and the military. >> monica barner: yeah, for 10 and a half years, navy. we don' been around about. >> anthony: you've been around. and back here? >> monica: back here. >> anthony: monica barner is a mount view alum. her husband sly is a coach. her sons elijah and eliki are on the team. her daughter alicyia is a cheerleader. so it's personal for her. >> monica: born and raised here, went to school here, wouldn't have it any other way. >> coach: come on, man. >> announcer a 78 yard run. >> monica: come on. [ cheers ] >> monica: oh my. come on boys get your head in the game. >> anthony: garnet edwards jr. is a former mount view player who went on to play college ball. >>

in the field and we have our discussion as to whether or not larry hogan would challenge president trump in a gop primary next spring and summerthe interview by the ways available on our website. hey is next from chardon, ohio. good morning. are you with us? good morning. lost her, thanks her but for trend to get through. this is the story from "the washington examiner." what to expect this week as the house returns, the headline is that frayed to democrats face a unity test with the democratic finance vote. "the unity of house democrats will be tested when lawmakers vote on their signature campaign voting rights and legislation. democrats won't have trouble voting unanimously on hr one, the for the people act, the sweeping legislation aims to expand voting rights and host: a speech by the house speaker urging democrats to stay united on bills like this. live here on c-span. you're next. the president, would you vote to reelect him and 2020? manyr: yes and there are lack women who don't express how much we like trump because of the opposition in the black community. i would vote for him. host: thank you for the call. the presi

larry: postpeak refers to things like economic growth and also earnings growth. it is pretty clear that we reached a peak, at least a mini cyclical peak last summer in the united statesigures at 2.9% year on year growth. we are well off of the faster rates of annualized growth of the second and third quarters. it is also true in terms of earnings per the second and third quarter, the s&p 500 earnings were growing at more than a 20% clip. down to mid teens now. at the end of the year, probably in single digits. it is a slowdown mostly of gdp growth to earnings growth. that is changing the nature of markets as we have seen in both the declines of the fourth quarter and the stabilization since then. this is a more precarious investment environment given the best of growth on the best of earnings is behind us. ramy: looking ahead, what are some potential opportunities in this environment? what would you advise investors here? start first with what we think is the most mispriced asset class. and that is arguably long-duration fixed income. i.e. government bond yields. as u.s. treasury yields. they do not reflect in our view the probability that we are going to continue at

larry kudlow says yep 3% growth as far as the eye can see i want to know where that extra growth is going to come from in summernd 2% growth you are going to very strong growth to get to 3% for the year that is what i want to know how is it going after socialism how do we get 3% growth this year larry on the show today. >> great conversation i hope you ask him about china and if they are going to be able to do deal including more than china buying stuff from united states crack, into the ip theft important. >> that will be my question. maria: great stuart see you 10 minutes thank you so much, stuart will talk again with larry kudlow national economic counsel director this morning join stuart top of the hour larry on 11:00 don't miss it first break right here apple shareholder meeting we are taking you live to cupertino, california for preview of the meeting bryce harper record-setting contract makes him highest baseball player of them all details coming up. it a. tecky, can you offer low costs and award-winning full service with a satisfaction guarantee, like schwab? sorry. tecky can't do that. schwabbb! callin