mr. lighthizer mentioned enforcement. how do you envision enforcement? >> i think strong language both ways they want enforcement, too this is a serious deal that we are doing. this could be done very quickly, very easily and not comprehensive, it could be small and i want to end by saying really as a sign of good faith for china to buy that much of our soybeans and other product that they have just committed to us prior to the signing of the deal is something that makes us very proud to be dealing with them i think that the farmers who have already been notified of this by me and my representatives and by sonny, sonny purdue is here, secretary of agriculture i think that was music to your ears, right? >> absolutely. >> that's a big number even to you to hear? >> good news. >> will you let the farmers know right away >> before i know. >> and that was more than even soybeans that was the other things that we discussed before the press came in. they discussed other things that they're buying, as well. if you would let everybody know. were you surprised to

but mr lighthizer has also been very vocal since the late 1990s, in fact warning against china joinings would have use leveraged over china to push them to be more democratic. so tough negotiators facing a chinese tea m tough negotiators facing a chinese team led by the vice premier. he is a harvard educated economist and was hand—picked by the president, who he has apparently been friends with since they were teenagers, and he has been called the brains behind china's shift in economic policy away from export driven growth and towards domestic consumption so the economies are less reliant on external factors. we will see what they can come up with. hopefully we will find a resolution sooner rather than later. thank you all my up —— thank you for that update. china's biggest firm has established 360 restau ra nts biggest firm has established 360 restaurants around the world. the popular chain opened beijing's first robot aided restaurant and it has prompted panasonic to spread this concept. this is our latest report on mouthwatering food empires across the asia pacific. when you think

mr. lighthizer on enforcement. how do you view -- >> i think we're going to have strong enforcement language both ways. they want enforcement, too. i think we'll have it both ways. we'll have strong enforcement language. this is a serious deal. it could be done quickly, easily but it wouldn't be comprehensive. it would be small. and i just want to end by saying really as a sign of good faith for china to buy that much of our soy beans and other product that they just committed to us prior to the signing of the deal is something that makes us very proud to be dealing with them. i think that the farmers who have already been notified of this by me and my representatives and by sonny, sonny purdue is here, secretary of agriculture. i think that was music to your ears, sonny. >> absolutely. >> a big number. >> good news. >> will you let the farmers know right away? >> i'm sure they know. >> that was more than even soy beans. the other things we discussed. they discussed other things they're buying also. sonny, let ever

mr. lighthizer speak for couple seconds. then we'll get back to business.ou can go and have fun and write your stories. thank you very much for being here. we appreciate it. if i could start by reading the letter from president xi. maybe speak louder. >> message from president xi to president trump. mr. president, i give you my best wishes as new round of level of discussions being held between our two countries on the trade issues. i ask liu he bring you a summary. right now china-u.s. relations are at a critically important stage. last month we had a successful meeting in argentina in which we agreed to work together to build a bilateral relationship based on coordination, cooperation, and the stability. that was followed by the two conversations we had through a phone call and a letter of congratulations we sent each other on the 40th anniversary of our diplomatic relations -- by the agreement we reached. our economic teams have engaged in intensive negotiations and made good progress. i hope -- will continue to act in the spirit of mutual respect and co

mr. lighthizer says i need this tool, i want to give them the n fight ande ameri the american future. >> but it's e near futur that has investors worried and they are not viewing next week's meeting with china as the end of the road. i'm kayla tausche in washington. >>> also in washington, some movement late today on the shutdown. president trump said he would support a funding billen ife leaders mcconnell and schumer came to an agreement. this after te sen failed to pass two bills to reopen the government. ylan mui is on capitol hill for us tonight. the bills failed today but the two sides are talking. there's some late developments. handicap for us what you think is coming next? >> reporter: it does look like there is some real movement here on capitol hill. we saw chuck schumer justwa as leaving mitch mcconnell's office. reporters tried to ask him questions aut what they we talking about and all he would answer is we're talking, we'reg talke're talking. now, the president, again, as you said, seeming to sugge that he would support any sort of compromise that these two republican and d

mr. lighthizer -- ambassador lighthizer and others representing the chinese government are going to get together. and one of the things they're going to be talking about, and we hope they continue on a positive direction, is how we can make sure that the agreements are enforceable, and that good spirit and commitment accompanies them. my own view, both countries see a great value in making these adjustments. and we're going to support it if we can get there. all right. i'll do you next. i'll take the woman behind you first. >> thank you. hegger long from the "washington post". at the end of your speech you talked about the -- what we see in the polling data with americans starting to have more support for socialism over capitalism particularly among young people. and i'm curious to hear why you think that's happening and what businesses should take away from this seemingly change in trend. >> well, i've always thought that it's probably wholesome for children in college and high school and other places to have some sort of a time where they had some socialist bent. it doesn't bother me. but what

mr. lighthizer yet either.here would be conflicting voices at best within the west wing trying to convince the president if this was indeed a tactic on the table. >> right the president always had conflicting voice oz s on this. there is a sharp difference of opinion on how to proceed on the tariffs. the president has been getting that conflicting advice since the administration began and has been making his decisions based on all of that input he gets. so this is an indication he's continuing to get that kind of divided input here the question is what is the president going to decide to do with this? if secretary mnuchin is in with the president right now, he might be walking through all of the arguments that he's making here behind the scenes as well so we'll see what the treasury department has to say about that this afternoon but for now, they're saying none of this is final yet, no final recommendations have been made and the process is ongoing they're emphasizing that >> well, there is also a line in the

mr. lighthizer says i need this tool as well, i want to give him that tool for the american worker and the american future. >> reporter: he doesn't believe the existing tariffs in place are effective enough too broad, caused blanket retaliation and thinks the president needs a scalpel and not a bludgeon back to you. >> thank you very much, kayla. so with trade concerns front and center, and the votes to end the shutdown unlikely to pass here in the next hour, so where do we go from here bring in melanie sanona and jeffr jeffrey. melanie, let me begin with you on trade it would seem that both sides need a win to reach some agreement, whether it's march 1st or postponed until some later time what does a win look like to the united states and can you see xi jinping and china going along with it? >> i think it's exactly right, like the shutdown fight. where both sides need to be able to claim a victory for president trump, he needs china to open up its markets, especially for those exports and those ad products. he also needs china to stop the intellectual property theft and the transfer of te

mr. lighthizer at the ways and means committee and i saw no indication of anything such as what was recentlyere's going to be a change it would seem to me it would be in a more methodical fashion which i think makes more sense. liz: okay. that's interesting. you met with lighthizer and he didn't tip a hand in any way, shape or form there. congressman smucker, tell me what you would like to see as it pertains to these tariffs on china. we know china likes to save face so maybe if you are trying to read your opponents, you have got lighthizer and mnuchin thinking let's give them a bump. >> my district is a big ag area as well as manufacturers. they have been very pleased with what the administration has been doing in resetting our trade agreements that we have with other countries. you know, i was just in a meeting with peter navarro yesterday. his belief and the president's belief is that we have been in a trade war for a long time, we just had things stacked against us. big dairy in my area is very, very happy with the new negotiated agreement with canada, which removes some of the tariffs t

mr. lighthizer and his team and others to walk through the details of this.nforcement has to be worked out. again, i think part of that story is going to be deadlines, right? that's very important. and nothing is open ended forever so we'll wait and see. it is not my job to negotiate here or elsewhere for that matter but to put it on the table how important it is to us. it has to be -- end of the day, every time i talk to the president it has to be in america's interests. it has to be in the interest of american workers and farmers and ranchers and small business people and our entire economy. unfair trading practices have to come to an end reciprocity has to take over these are difficult issues but they can be solved and they must be solved to have a good trade deal >> and, larry, are you and the president feeling a little less lenient towards china given the rally we have seen in equity markets since christmas eve? does that give you more cover to push harder on those key tricky issues you have just mentioned >> oh, i don't like that phrase, wilfred. you're

lighthizer,ere, mr. steve mnuchin. i do not want to predict anything. i am reading stories online about stuff already done that is not true. i would love to make a deal, am a free trader. we are working on it. give us some time. people keep writing stuff, i do not know where they are getting this stuff. cohn said he is confused about what the white house strategy is. he said it makes no sense whatsoever as far as thousands of federal employees. what is your reaction? is mydlow: he predecessor, a great american. that is all i have to say. he has his own views, i do not agree or disagree. >> [indiscernible] mr. kudlow: with respect to what? we have been negotiating from day one. >> what is the white house going to do? mr. kudlow: the white house will make it clear, i am not negotiating with you, i am stating policies that we must fix the border. border security including the wall or whatever the construct of the wall is, is a principle we have to fight for. to preserve the united states. to preserve the united states. >> are you willing to go under $5.7 m

mr. lighthizer said there was little progress in last week's talks with china on structural issues.h to take the market down a good 100 points. we're now down two over all. we had been up 120. >>> how about the price of gold? have we reached $1300 an ounce yet? no. we're at 1292, up just a buck. >>> videogame company, take-two interactive, has made a big deal with the nba. tell me all about it. liz: $1.1 billion deal over seven years. this is doubling the deal they signed in 2011. you know what this is about? this is a whopping big trend, about the gaming guys paying top shelf to more and more have their games looking like professional sports teams. nfl they're paying top shelf. nba they're paying top shelf. they could have made up their own players playing on teams. they said no, we want the guys who play on the teams. stuart: yes. liz: they see what their own players want. it's a smart move for the gaming crowd. stuart: sports is is driven by personality and stardom. liz: that's right. stuart: you follow the stores. that is who you follow. liz: exactly right. stuart: take-two inte

mr. lighthizer there in center there.here's a report in "the wall street journal" that chinese investors sold more commercial real estate in america than they bought. now in other words they're getting out. liz, is that a signal that there's a problem with china's economy? and they've got to get money back there? >> it is a symptom of problems in china to be sure. that government is trying to check out flows of money, interestingly this is just one symptom actually foreign direct investment into europe and north america last year from china wept from wul over 100 billion dollars to about 30 so, i mean, major collapse in money leaving china. interestingly money going into china has also declined drastically that i would say is symptom of current business conditions in china lack of consumer confidence, et cetera. but look, this is not all about trade tacks that it is all a about fund mental problems in chinese economy credit issues, some of these companies that are selling real estate is because they can't meet their oblig

mr. lighthizer, as we get closer, market people are going to demand that there's convergence of policy hereina has to be compelled. maria: they are not opening up market, china wants a deal. you see that in financial services. >> are they going to stop stealing software and things like that? maria: i think it's culture. dagen: i think it's a cultural hurdle that the u.s. in short run will not be able to jump over. the issue with president trump if -- people love to mock what he said on twitter, he called himself tariff man, he has been fixated on trade deficit with china, he sees that whether he's write or wrong assign that the u.s. is losing, you could expect a deal to get done that reduces the trade deficit but doesn't tackle those most important issues. the espionage, the theft of intellectual properties, force of transfer, behavior that freezes out u.s. companies wanting to do business in china. the worry is he has a lot of pressure on him from people who voted for him, from farmers to midwest, auto workers, people in the oil business, a lot of pressure on this administration to get a d

mr. lighthizer taught me down through the years chinese promises have to be backed up by enforcement.cement, timetables, trust but verify. can we do it? of course we can do it. will we do it? well, let's see. ashley: peter navarro is not going on this trip next week, right? he is considered, quite, for wont of a better word, quite hawkish and strong where the u.s. stands. does that suggest a more softer approach at least at this level? >> [laughter] peter navarro is an old friend of mine. he is a great american. i love him. ashley: that is all you're going to say? but he is considered to take kind of a stronger, more of a stick than carrot approach. you don't think that's needed at this point? >> look, as i said before, you mentioned sticks and carrots. i guess that's an english, sticks and carrots. ashley: i think it is american. i don't know. >> anyway, it could actually be american. look our trade principles group works together very, very closely. i dare say we're on the same page. again a quick repeat. we know what we need with china. china knows what we're asking. but part of th

lighthizer has said that in the key part of this discussion. yes. reporter: contractors that were furloughed, are they getting back pay? mr. kudlow: some of them do. i think the defense related ones will. i am not an expert on that. i'd have to go and check that. i'd have to take a i honestly don't know. reporter: i want to get back to the c.b.o. they looked at projections over the next decade and said the diff sit for fiscal year 2019 would be $29 billion, and $22 trillion year after year after year after that. they say it is simply unsustainable, the path we're on. does the white house agree with that? and if it is unsustainable, is the white house planning to do anything to change it? r. kudlow: we have a fundamental difference about that growth factor is the single biggest factors in these. they have had a low greth estimate on trump taxes and deregulation, we had a much higher one, about a one percentage point differential, we're at three, they're at two, more or less. so the differential over 10 years is significant, could be as much as $3.5 trillion. and deficit reduction if we're right. all i'm saying is that in the first two years of the

lighthizer. and jeff bezos and his wife announcing their divorce after 25 years of marriage. their divorce could cost mrof his $137 billion net worth. a reminder, listen to my reports three times a day, cost t coasto coast on the salem radio network. joining us mike murphy, ceo of the venture capital fund. thank you for being here. what is your judgment is driving this market? is it trade negotiations and disputes? it is the fed and earnings, earnings and prospect? your thoughts. >> i think it's all of the above. people are focusing on the negative outcomes. what if the -- we have a 90-day window that started last month with china. what if we don't come up with some sort of agreement there. what if the fed -- today was a positive sign out of the fed. but what if the fed overreacts and raises rates too much. what if earnings starts to drop toch totoo much. lou: don't you think your pal resolved the fed stance here saying they're going to be adaptive, they're going to be flexible, whether it is interest rate hikes or whether it is running up assets on the balance sheet? diswhsphwhr 100%. he spoked wall st

mr. secretary, on china, if you would just address the -- what you believe is the -- we have heard this word enforcement quite a bit. >> it is enforcement will be one of the topics that ambassador lighthizer have on the agenda and we want to make sure that we expect when we get a deal that that deal will be enforced and i would say in the conversations we had previously with them there's been an acknowledgement with china that they understand that now, the details of how we do that are very complicated. this needs to be negotiated. but ip protection, no more forced joint ventures and the enforce r enforcement are three of the most important measures. >> can you start that over again please >> has the president spoken personally with president guaido how safe does the president believe the diplomats are currently? >> the vice president had several conversations with interim president guaido he'll be meeting with interim president's ambassador here in the near future. in terms of american official personnel had been an absolute top priority for president trump, the vice president, secretary pompeo and myself. we have drawn down significantly personnel at the embassy, all dependent personnel

mr. mnuchin seems to have -- >> upper hand. >> i don't know if the upper hand is the right -- but some traction is certainly seen as possible versus, of course, what we know is the lighthizeravarro camp, which is more gore-like in their approach >> they got until march 1st. >> yes >> tariff rates are set to go up. >> focus on this meeting on the 30th and the 31st obviously. this comes as more evidence that job growth may have peaked at least in autos today, sara. >> yes, so tesla is a big story. shares are taking a hit premarket on this news that the electric carmaker is going to be shedding more jobs, cutting 7% of the workforce it phil lebeau for the latest. >> this is all about bringing costs down, especially as tesla tries to build and sell more lower priced versions of the model 3. average price point now, $51,000. they would like to get that down into the 40,000, high $30,000 range and in order to do that, they have got to become more efficient, more cost effective, cutting 7% of the workforce. that works out to roughly 3100 jobs and this is all about cutting costs on the model 3 in an e-mail sent late last night to employees, the ceo said while we have made great pr