peter navarro. and i should say the sales of his three books have gone up, and a really wonderful development is his film, which is on youtube online, in the next day or two, it's going to reach 1 million viewers. the title is somewhat controversial. it's called death by china. dr. peter navarro. [ applause ] >> a master of the understatement. somewhat controversial? my deep thanks to hudson institute for sponsoring this, and actually two of my favorite scholars are here. one of them is mr. pills burr bury. also seth, who is trying to get this in the united states, back on track. the president himself is committed to a 351-ship navy and it's only through the analysis of people like seth that we have situational awareness of why we need to do that. so i congratulate hudson for being at the forefront. my mission today is simple. the, quote, seek truth from facts, and all i'm going to do today is provide a factual account of the industrial policies, the policies and practices of the peoples republic of

navarro is that really how we want to deal with our second biggest trading partner?ris, there's a special place in hell for any foreign leader that engages in bad faith diplomacy with president donald trump and tries to stab him in the door and that's what trudeau did with the conference, that's what weak dishonest justin trudeau did. that comes from air force one. i tell you this, from my friends in canada, that was one of the worst political miscalculations of canadian leader in modern canadian history. all justin trudeau had to do was take the win. president trump did the courtesy to justin trudeau to travel to quebec for the summit. he had other things, bigger things on his plate in singapore where you are now, chris, he did him a favor and he was willing to sign that socialist communique and what did trudeau do as soon as -- as soon as the plane took off from canadian air space, trudeau stuck our president in the back, that will not stand. as far as retaliation goes, the american press needs to do a much better job of what the canadians are getting ready to do b

navarro a half hour ago. what he said he mentioned the comeback session for stocks >> there's no plan to impose investme menment restrictions interfering with our country in any way. this is not the plan all we're doing here with the president's trade policy is trying to defend our technology when it may be threatened, so this idea that somehow there's going to be restrictions for the world, please, discount that >> he was clear, but when we discussed it a little bit further, it did not sound to me like that possibility was off the table entirely it sounds to me it's not happening right now. your thoughts? >> well, i listened to most of the interview, and i agree with you. i think the first comment that he made in that conversation sounded definitively that was not a proposal, but, kelly, you asked about what was discussed with the secretary, he said, yes, it's on the table i think there's questions that we have to answer. i would agree with mike, though, i think in particular because of some technical trigge

that is what navarro cited as no proggas. whether he was asked if there were future talks down the line, our phone is always open, but he added, neil, talk is cheap. neil. neil: indeed it is, and it is inconsistent. thank you very much, my friend. there is danger interpreting market moves by the minute. nothing substantially changed here. you might get a sense from peter navarro, conservative, some say the spartan trade warmonger in the white house, that is up to interpretation that he is sounding conciliatory in those remarks. he is just saying they will maintain their resolve. so far no one is budging on the other side, china. all are prepared, response tit-for-tat. the administration as you know is already lined up about $200 billion in additional tariffs on additional chinese goods if the chinese do that. there is no indication that the chinese are not. we're monitoring this very closely with the dow down close to 300 points. nicole petallides, on what's telling right now. >> oh, yeah, we're seeing selling across the boar

navarro said there are no plans to impose restrictions.ustrial average ended lower yesterday for the night time in the past 10 trading days as investors continue to worry about the prospects for global trade. president donald trump has accused harley davidson as surrendering. the company said it would thecate reduction outside u.s. in response to european retaliation for the presidents tariffs on imported metals. the american president said in a tweet he was surprised they would he "the first to wave the white flag." r said it's moves to protect drivers and passengers has appeased london. the company was said it was not fit and proper to operate in the city. appeal beganaited yesterday. the judge said she may make a ruling as early as today. airport'sthrow expensing plan has won the approval of the u.k. parliament. with thosetion representing areas around the airport. -- called the price of expanding to steep. 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 cou

white house trailed advisor peter navarro is week is so -- seeking to ease concerns about u.s. trailed policy. he says a report due later this week will not be as sweeping as markets are opening. certainly hit stocks early in the trading session on monday. joe is in washington with the latest. the trump administration sending mixed messages here. did the bad reaction with stocks have something to do with navarro trying to clean up the mess at the end of the day? >> two things going on. while markets are rattled by the administration's states -- statements and moves on trailed, it's clear that the administration was taken aback by the reaction in stock markets across the world for kneels trailed moves. the other thing that's going on, too, there's a bit of a struggle going on within the white house over just how to approach the trade issue with china primarily but also with the e.u. and our other trading partners. so that is some of the struggle that's being played out here. kathleen: from what we know so far ahead of this announcement on friday, who is facing investment restric

you agree with navarro, correct? >> i agree there is no reason to panic and we're not in a trade war. i agree there are real issues that the administration is taking head on. where i don't agree with him and the president is doing this with tariffs. we're fundamentally have never been effective and i don't think they're effective here either, liz. so while i agree that they've diagnosed real problems, i think they have not come up with a cure. >> let me push back on this, and i'm doing this with almost every guest who says i agree with president trump, he's right, things need to be fair but this is not the way to go about it. that's a little ridiculous in my opinion because everybody has said that they tried this before, this didn't work, he's got to try something, certainly got the world's attention, he has our market's attention but shanghai is getting hit hard. who's going to blink first? seems like xi jinping, the president of china may have to blink first or could i be wrong there? >> i think there are so many t

maria: peter navarro is going peter navarro is going to peter navarro squids tells china peter navarro squids tells china steals from us in four ways. never one to steal it. to force the transfer of technology and then they buy up what they're trying to dollars. they come in with deep pocket in their sovereign wealth fund buys that silicon valley. they are trying come up with measures to stop that. i don't know if tariffs are the answer. but what is the answer? >> you can put restrictions at the end of june. if they really care about china, having china putting us up against a wall, then you don't run your deficit of $1 trillion every year. you don't put us in a situation where we have to borrow from the largest foreign holder of u.s. treasury. >> the answer to your question is right now, washing machines are up 17% in actual price. maria: i'm glad you mentioned washing machines. this is one example he brings up. he said last night, book, maria. look at how the industry's has already owned. washing machines, machine tools, solar. the u.s. created solar industry. what happened? china st

navarro, is that really how we want to deal with our second biggest trading partner?ter: there's a special place in hell for any foreign leader who engages in bad diplomacy with president donald j. trump and then tries to stop them in the back on the way out the door and that's what bad faith justin trudeau did with that stone press conference. but that week, dishonest justin trudeau did not comes right from air force one. i will tell you this. to my friends in canada, that was one of the worst political miscalculations of a canadian leader in modern canadian history. all justin trudeau had to do was take the win. president trump did the courtesy to justin trudeau to travel up to quebec for that summit. if he had other things, bigger things on his plate in singapore where you are now. he did him a favor and he was even willing to sign that socialist communiquÉ and what did trudeau do? as soon as the plane took off from canadian airspace wh that will not stand and as far as this retaliation goes, the american pre job of what the canadians are getting ready to do becaus

yvonne: it wasn't just peter navarro that spoke up. we heard from larry kudlow saying canada stabbed the u.s. in the back. >> you really kind of stabbed us in the back. he actually, you would what, he did a great disservice to the whole g7. >> trudeau? >> yes. they were united in the g7. they came together. yvonne: it seems like we have got to renew trade frictions again. what does it mean for nafta? ros: there is one thing we don't know within the trump administration, how one faction is playing another. you have peter navarro, very hard-line person on trade and larry kudlow we used to be the consummate free trader when he was on television. you have robert lighthizer the trade representative and steve mnuchin and wilbur ross. there is a lot of different viewpoints. supposedly according to the canadian minister for foreign affairs, she spoke to light heiser, spoke to him at the g7 meeting, and she said in quebec today she would speak to him today. it could be sort of more talks and better relations going on behind the scenes than you

we had peter navarro here.corporations, is president trump's trade policy in the best interest of american workers? still to come -- comedian d.l. hughley says an appearance on megan k megyn kelly's show a couple years ago changed his life. he's about to tell us how. ideal comfort your sleep number setting. and snoring? does your bed do that? don't miss final closeout savings on the queen c2 mattress. now only $599, save $300. it's the lowest price ever, only for a limited time. visit sleepnumber.com for a store near you. and we got to know the friends of our friends.r the friends. then our old friends from middle school, our mom, our ex and our boss joined forces to wish us happy birthday. then we discovered our uncle use to play in a band. and realized he was young once too. and we found others just like us. and just like that we felt a little less alone. but then something happened. we had to deal with spam, clickbait, fake news, and data misuse. that's going to change. from now on, facebook will do more to

we had peter navarro here.ven when opposed by american multinational corporations, is president trump's trade policy in the best interest of american workers? still to come -- comedian d.l. hughley says an appearance on megyn kelly's show a couple years ago changed his life. he's about to tell us how. sometimes a day at the ballpark is more than just a day at the ballpark. [park announcer] all military members stand and be recognized. sometimes fans cheer for those who wear a different uniform. no matter where or when you served, t-mobile stands ready to serve you. that's why we're providing half off family lines to all military. wmust have cost a lot. a fancy hotel. actually, i got a great deal. priceline saves you up to 60% on hotels, but that's something the hotels don't really want other guests to know. i saved about 120 dollars a night! did you say you saved 120 dollars a night on a room? 120 a night on a hotel room... that's a lot of savings! i saved even more on my flight. save up to 60% on hotels with p

>> i certainly think peter navarro seems to think so.t the chinese economy and the fact that the chinese do have a significant deficit. ultimately you could make the argument given the chance that the chinese economy does appear to be slowing down while the u.s. economy appears in fairly good shape. we are getting a little bit of a rebound here in europe and that is on the basis while the rhetoric is being dialed up, the delivery of further terrorist will take quite a bit longer. as is the fact that the initial tariffs still being delivered by the sixth of july. there is a perception that there still is time to dial back the rhetoric and ultimately arrive at some form of accommodation. at the moment, the rhetoric is being dialed up, but the delivery could take a while to sort through. gerri: jay powell speaking at the ecb event in portugal today. what are you expecting? >> i don't expect mr. powell to deviate from what he said at the recent meeting. it will be interesting to see if he deviates in the context of the escalation in the rhet

peter navarro has been on a call with reporters.e is saying the tariff plan is courageous and visionary. he also says the u.s. is willing to continue talks with the chinese. top aid frome president donald trump on trade has been on a call with reporters. he is saying the plan is visionary, but the u.s. is willing to speak with china. now.n go to kevin it does seem like this call is not planned until we got that escalation from the president last night. . >> i just got off of the phone with peter navarro. he is calling this dispute with china a trade dispute and nothing that more. this comes following china threatening to push back against president trump's proposal, intooning analysts to look any particular commodity. a republican party that is not --irely behind him on how what is the hope here? what is the final outcome. later today president trump will arrive here. he will speak at a republican conference. we do not know how republicans will get him to change course on the issue of trade policy. this is quickly evolving as the ne

peter navarro and president trump are sympatico on the overall good of tariffs. tariffs can be good while we have a test case apparently developing right now. >> peter navarro, descendant. he's lost these arguments just like gary cohn, his predecessor, did. the secretary of state, mike pompeo. his job is not to do trade policy but he does have to sit down with his international counterparts. he says this is a fight we have to fight. >> we're taking a really hard line on foreign practices that harm america. everybody knows china is the main perpetrator. it's an unprecedented level of larceny. i was with president xi on thursday night. i reminded him that that's not fair competition. but it's a joke. let's be clear. it's the most predatory economic government that operates against the rest of the world today. >> he's right. he's right. this is a problem that needs to be dealt with, and the question is, and people are debating, is trade war the right way to do it? should do you it in negotiations? their answer is china won't move until you show them you're willing t

peter navarro rolling back. something scary, the idea that trade wars are over, you can fade that too. there is not much clarity out there. cut your view is the rrr will work, that does not seem to be the market view. i do not know if it would cut has not rrr come in yet. it comes into effect next thursday. there is signaling impact but this time it is so widely expected that there was no positive impact. the only thing that is a positive is the liquidity impact and that cannot happen so it takes effect. going, the investors are the rrr has not worked when we have not seen it come into effect. i do not know why you will see chinese equities aggressively sold three of chinese growth while it has disappointed in recent data, overall it is very strong. low valuations and still pretty good growth and the government is signaling it is not -- does not want more market gain. this asserting to look more positive now. gold forming spot a death cross even as safe havens like the yen, the frank, bitsuries seem to catch a o

peter navarro tried to ease concerns over asian trade policy.here are no plans for investment restrictions on china. beijing and brussels are wanting that this could cause a recession. joining me now is larry hathaway. let's start with the news of the day. steve mnuchin is preparing something that could apply specifically to restricting chinese tech investments. peter navarro dials it back. is there some disarray in the white house? always aere is question about who speaks for the white house. bottom one is this, this is about politics. the voice that speaks loudest right now is the voice of the voter. at least those were staunch republicans who supported this president supported now more than ever. perspective, it is difficult. it seems to be playing well where trump team's to have it play. from that perspective, i think that is the key to watch. >> i understand what you are saying about trump's agenda and midterm elections and ultimate run for a second term in the white house. i'm i threw a little bit of a curveball to our control room. i have

forget peter navarro. start the send to larry kudlow and steve mnuchin. guys who understand if you want to push back on china, which i believe is the right thing to do as well. let's come up with a comprehensive plan to rally our allies around it and stop putting into place these blunt tariffs, which conspire out of control and ultimately hurt amican consumers and american companies. maria: but let's not forget these are important issues. hurting american business has been happening for decades now because china feels the intellectual property, while not even admit that they're doing it. >> why would you want the white house to hurt american companies? for a start you've got the trips agreement and the wto in intellectual property. you can rally allies to run restricting investment in china or selling sensitive technology. >> would have the chinese is safely in the european and japan

julie: i've got the canadian dollar up there as we talked about those comments from navarro.e had the dollar that it been climbing versus the canadian dollar, we saw a take a move down. little changed at the moment. if you take it back to stocks we not seeing much change on the summit in singapore as we did not see details of an agreement come out. we have all three major averages in the green. it's a very narrow trading range in today's session. let's look at oi oil has been volatile today. we've seen it bouncing around quite a bit. said it's not in favor of the request reportedly from the u.s. and months discussion of opec members to freeze prodhe second half of the year. oil has rebounded. we watch it bounce there. how ths translating into different metrics here, you look back at the bloomberg, we have crude oil demand and supply them so far we have seen directionally stay in good lockstep in terms of their movement. pretty well matched. we will see what happens when or if we get that productionease io the looking at the stock performance, refiners have not been performing

navarro had to say.umber one on the "forbes" rich list. his net worth is now, wait for it, $142 billion. [laughter] his fortune grew by more than $5 billion this month. microsoft co-founder bill gates, distant second. he's all -- he's a pauper at $93 billion. pauperrer, you like the british accent? tesla's chief elon musk warning about sabotage within the company. he sent an e-mail to workers claiming an employee changed code for tesla's manufacturing system and passed sensitive data to third parties. an investigation is underway. tesla's stock though is down. separately, musk is warning short sellers, the people who think the stock's going to go down, he's warning them tesla's stock that positions will, quote, explode when tesla releases its latest production forgets for its model 3 in three weeks' time. tesla says it will be able to make 5,000 model 3s per week by the end of june, but the stock is still down $16. that's over 4.5%. jetblue founder david newman, he wants to start a new low-cost carrier.

steve na g e administration yesterday, with stevenage and say what you have just quoted, and peter navarro to reassure that they would not be anything additional to what was announced. —— steve minuchin. there is close to be more coming out on friday. —— mnuchin. according to mrmnuchin, all on friday. —— mnuchin. according to mr mnuchin, all countries that i tried to steal their technology. so it would be interesting to see what the additional measures would be. the tech stocks have been hanging steady despite all of the uncertainty, but now they seem to be shifting as well. we have seen companies in the us, including tech companies, and this has been one thing that the us has always braced itself for space opened to foreign investment — at least for many yea rs— investment — at least for many yea i’s— so investment — at least for many years— so i think it is concerning from an investment point of view that people are now saying you cannot buy this any more. do you think these mixed signals coming out of washington are a negotiating tactic as many have suggested in the past few months. man

we heard from peter navarro earlier. let's take a listen to larry kudlow, the president's top economic adviser. he's not holding back. here it is. >> you just don't behave that way, okay? it's a betrayal, okay? essentially, double-crossing. not just double-crossing president trump but the other members of the g-7 who were working together and pulling together this communique. you know, you never get everything you want. there are compromises along the way. president trump played that process in good faith. so i ask you, he gets up in the airplane and leaves, then trudeau starts blasting him in a domestic news conference. i'm sorry, it is a betrayal. that is a double-cross. >> how surprised, bob, are you by all of this? i mean, there's not a lot of diplomatic rhetoric going on here. this is flatout candid angry emotion that's being put on display here. >> yeah. that's right, alex. we've never seen this, certainly, and trump supporters like this. they like that he is disruptive domestically and internationally. it's consis

currently better positioned than china, was one of the top trade advisors to the president peter navarro someone who aligns ideally pretty much exactly what the president as it relates to china saying just look at the export/import number s for example, last year in 2017 the u.s. sent about $130 billion worth of goods into china, the chinese sent just a little bit north rather of $500 billion worth of goods our way, so navarro was rolling out the argument that the chinese is more exposure to risk than us and a conference call with reporters he said the following. what the president did yesterday in announcing additional $200 billion is clear, that china does have much more to lose, what we have at stake is 130 billion going to china. what they have at stake is over $500 billion coming to us. navar row saying one of the reasons the president has gotten to this point threatening another $200 billion worth is because they do not see progress with the negotiations with the chinese over the last few times with the u.s. going over there. the chinese delegation coming here as well. the presiden

ronda de competiciones, cuÉntanos alejandro . >> quÉ tal amigos de salud alejandro navarro, 48 en cuantota instancia . >> es un mundial con muy buen fÚtbol, han habido selecciones que han mostrado niveles buenos y que estÁn fuera del mundial. >> ha sido un mundial en donde la tecnologÍa ha marcado su presencia por primera vez, la cual unto de vista.. >> ha mejorado mucho,, puede condenacic condicionar mucho a los jugadores . >> este amante del fÚtbol da un pronÓstico de las eliminatorias de los equipos

it wasn't my finest hour. >> with me anna navarro and simone sanders. let's just state this fact it has never been okay to do something against someone else's will. let's state that as fact. ana, what did you think of clinton's comments? >> look, it makes me cringe somewhat. let me say that i know bill clinton. let me tell you that i like bill clinton. he alsopens to be one of the most eloquent and pathetic people in modern history, one of the most eloquent, effective speakers in modern times. and we see him struggling with this time and again for the obvious reason. it strikes close to home. it strikes home. he is vulnerable in a way where he's not just talking about this theoretically. he's somehow trying to reconcile his history with what is now current times and he's not doing it well. >> why can't he move with the times? he just -- simone, and he's right, this is a man who has a gift would words but he has stepped in it when it comes to me-too he just doesn't get it. >> because this hits close to home, because the president had no set down and anal

navarro yesterday, pairing down concerns of an imminent retaliation from china. but the picture a little bit more positive. dow closed below the 200 moving day average for the first time since june 2016 in yesterday's session. so all eyes will be on the direction from here. let's switch and take a look at foreign exchange here again the theme is one of today is dollar weakness and that bucks the trend that we saw in the last couple sessions where the dollar of course has been gaining ground. what we're seeing is there are little moves, but one of the biggest movers today has been that of euro-dollar coming off a tad to the tune ever when a quarter of a percentage point. that is the picture.of when a quarter of a percentage point. that is the picture. you can see that momentum has picked up a little bit foot is i mib trading almost 200 points higher. xetra dax, all eyes on that as well already up hoalf a percentage point, but a tricky week for european markets >> and here in the uk, supermarket stocks are rather mixed after new numbers from kantar show major u.s.

peter navarro thank you. >> thank you. lou: president trump has just finished meeting with house within conference, he endorsed house immigration bills, maintains that whatever deal will include building a wall. closing legal loop hopes, canceling visa lottery, curbing, not ending curbing, i really don't like words like curbing, chain migration, today president placed blame on democrat where chaos taking place right now in parts of the southern border. >> as a result of democrat supported loopholes in our federal laws, most illegal immigrant families and minors from central america who arrive unlawfully at bored kerr not be detained together or removed together only released. these are crippling loopholes that cause family separation. lou: up next, president trump's battle again the unconditional amnesty, wide open border narrative, pushed by the dim, deep state, left wing national media and unleashing the establishment. we take it up with an ann coultr after the lou: president trump is targeting the ridiculous border laws

peter navarro will tell you the chinese situation has gone on for too long. separate the three.n industry. especially high tech. when you see those export controls going in at the end of june, they are hoping that is the beginning of a structural change. it seems to me, dan, they are serious about this as the president will stick to his guns. >> it looks like he is. this is his long-standing hobby horses in terms of having these types of tariffs and having protectionism. what is interesting is that there was a split reaction to the moves on china versus canada and mexico and european allies. with china moves, it is hard for a senator or congressman to say china has been doing a great job. so chuck schumer defended trump. applauded trump on the china moves. this is something hillary clinton may have done to some extent as well. >> liberal think tanks have said we are losing american jobs because of chinese trade policies. now protection in the white house and liberal economists in agreement. >> the g7 friday and saturday and the trump/kim summit in singapore eight days away. the

we didn't mean restrictions on investment that comes from navarro.more open china in terms of trade and i think you will see something come through at the company level. it makes too much sense. if you were the ceo of an automaker, of course you're going to shift production here and make the engines here. >> nicolas, we want to thank you. >> pleasure. >> going to talk to mr. faber. >> yeah. ge spinning off its health care business as part of the latest revent david faber joins us what you got >> obviously a big day for ge as it sort of remakes the company and tries a new attack which is to underpromise, perhaps, and overdeliver. we're going to be speaking to john flannery, the company's ceo not too long from now right here from the new york stock exchange a few notes this morning health care is the key asset that is being sent into the public markets eventually. they're going to monetize 20% of it that will have the effect of raising some cash much needed for that balance sheet at ge as they seek to delever on the announcement of health care as on th

and peter navarro reiterated yesterday to reporters, because the u.s.s more goods from klein, than china buys of u.s. goods, by definition, there is more that the u.s. can put a tariff on. that is factually true. but at the same time, china has said it's ready, willing and able to do things more than tariffs. and companies over in china are worried about essentially regulatory blackmail. about getting licenses held up. or potentially something that would cause a more drastic impact on the market were china to stop buying u.s. treasuries or were they to devalue their currency. so china still has a lot of tools even if by definition there are fewer goods to put a tariff on. >>> and xi jinping, he's in office forever. do were know how steve mnuchin feels, steve mnuchin does not get along with peter navarro. what is the rest of the white house? >> well, we know steve mnuchin has been red t red are the etic to say the least. the process that is controlled by the treasury secretary, you can imagine he wants as much oversight and control over that process as p

navarro says the argument there is ceiling the chinese can hit us with.ere is statement on a conference call today. quote, what the president did yesterday announcing additional $200 billion it is clear china does have much more to loose. what we have at stake is $130 billion going to china. what they have at stake is over $500 billion coming to us. speaking to the national federation of independent businesses here in washington, d.c. just a little while ago, president trump said now is the time to take on the trade deficit with the chinese. >> i always say we have rebuilt china. they have taken so much. it's time, folks, i'm's time. so we're going to get smart and we're going to do it right. we're actually getting a lot of support but we have to do something about it. reporter: a spokesperson for the commerce ministry in china was asked about the newest 200 billion-dollar threat coming out of this white house, and whether or not indeed we have in a quote, trade war. this was their take, quote, as we said before china does not want a trade war and certain

. >> today peter navarro said h mission was to send a signal of strength. navarro says he messed up the message. >> i used language that was inappropriate. basically lost the power of that message. i own that. that was my mistake. those were my words. if i may quote the words of the great bear bryant, when you make a mistake, admit it. learn from it. don't repeat it. >> shep: a reporter asked trudeau if he accepted e apology. the canadian prime minister wouldn't comment. trace gallagher with more on this insanity. trace? >> hi, shep. yeah. the canadian prime minister walked away from the cameras. before he left, he said he support's the president's efforts on north korea and looks forward of the details of the agreement. he said this. watch. >> as iid i'm going to stay focused on supporting canadian infrastructure and jobs. >> heaid personal feelings or comment are not important in diplomacy and the canadian foreign trade minister said when it comes to negotiating nafta, moments of drama are expected. the foreign minister said she's continuing to meet with

kelly, navarro is, let's put it kindly, he's backing off those comments, not fully apologizing. but listen to what he told "the wall street journal." >> in conveying that message, i used language that was inappropriate and -- >> special place in hell for the -- >> -- basically lost the power of that message. i own that. that was my mistake. those were my words. >> not exactly an apology, kelly. but did somebody in the white house say listen, that's not okay? >> i don't know where the direction came from but this is unusual in the trump orbit for anyone at thatevel to acknowledge an error, a mistake, to recognize that damage was done. g-7 feels like a long time ago, but the ashes seem to have spilled everywhere, especially the juxtaposition that should exist between the united states and canada, trump and trudeau, up against the imagery from here, where we saw president trump and kim jong-un. the kinds of words peter navarro used would have been more suited for the tensions that until just months ago were so hot between the united states and north korea. that, if it was a blind q

and then navarro, he betrayed us. there's a special place in hell for somebody saying they're going to defend canada. trude trudeau's remarks were not even tough. why is donald trump acting like a snow flake on the national stage? why is he the ultimate snow flake melting away when justin trudeau gives a blandly canadian response? what's this just does not -- it was not that tough. he was being kind. >> sorry. >> he was eminently reasonable from the perspective of how these sorts of negotiations are typically conducted. typically understand each are under their own set of domestic, political pressures. they try to both come together on shared goals for the international community while respecting the realities for the other leaders. they just absolutely blew through that. and i have to say that interview with peter navarro, that's the one thing ird from sources about in particular saying there is a special place in hell for the person who is arguably our closest ally, certainly our closest neighbor. i mean, that's not

this is not the plan. >> so mnuchin says, all countries and navarro says no countries.men. what the heck is going on here, steve? >> i don't know what to make of that, frankly. i mean, i think that there's still a lot of confusion in the white house about what the policy is going to be. as i said before, i think everyone does want to get -- and the curious thing about this, the one thing there is broad agreement about in the white house is that china really should be the target of, you know, our trade disputes, not so much europe, not so much canada, but china. and so, you know, if you're going to put these restrictions on, for example, ownership of american technology, you know, it would make sense to target them towards china. i'm not exactly sure where this policy is headed. but look, the stock market, you know this, erin, you covered this for years and years and years, the stock market does not like trade disputes. they would like this all to go away. but on the other hand, this is something that trump -- you know, i heard you earlier talking about the trump voters

peter navarro comes out on the closing bell he speaks, the market starts to lift nce that navarro bottom on monday, the s&p 500 is up 35 points so carrie firestone, i ask you this question. the administration has always looked at the stock market closely. is this just more evidence that trump has our back >> i think it's clear that the president cares about the stock market's performance we also know that since the peak in january, the market is do 6% so the administration cannot talk about the performance of th in a positive way right now. but what they are talking about is incendiary comments and then pulling them back so we get the effect, we can see the effect that the white house has positively and negatively. is this a way to just test that? to see how much can the white house influence the market we're seeing a lot of that effect this week does it really matter over the longer term? i don't know the answer to that. i wouldn't suggest, but we're really seeing how it waves up and down because of what comes out of their mouths. >> i think you're giving the white house a little too mu

i'm so worried how many pedophiles are signing up to work in these places. >> reporter: and a navarro contributor for cnn es all latinos should oppose donald trump tweeting i know immigrants don't all think alike a we are not a homogenous blob but i don't get how any latino or immigrant or child of an immigrant can work for trump and live with their conscience. alex, elaine, among others, i am talking to you, barely referring to alexander r costa and transportation secretary even in child. did you see neil king intimate that a border resident named frank is a democrat. >> my opinion is we can't just open up the borders. >> what is the solution? as an immigrant yourself? >> work with the governments of their countries and try to get them. >> you came here seeking a better life. >> yes. >> reporter: doesn't that seem like a contribution? >> reporter: he came to be was when he was 7 and gain citizenship at 18. the occupy wall street twitter account published a cartoon promoting the murder of immigration agents including instructions on how to stab them to death. the group later called it

liz: okay, peter navarro he's one of president trump's top trade advisor, he basically really harshlypresident trudeau. he's now walking back his comments saying that his " mission" basically he said that justin trudeau, you know, deserves a special place in hell but navarro's dialing that back and apologizing for that. he's saying he intended to send a strong signal of strength. he's now saying he's sorry for what he said. president trump now explaining also what prime minister trudeau was saying in private and then in public at the g7 gathering let's watch. >> i loved that he was very friendly when i got on t the plane justin didn't know air force one has about 20 levisions and i see the television he's giving a news conference about how he will not be pushed around by the united states and i say push him around we just shook hands it was very friendly. liz: with me now, let's bring in former oversight committee chair and fox business contributor jason chaffetz. jason, you were on that panel when peter navarro said that what was your reaction when you heard him say, you know, specia

navarro in the head and navarro came back with a body blow. >> yeah.ind of like "empire strikes back" navarro strikes back hey, did i hear the apology? >> i haven't heard it, if there was one. >> no need. >> look at martha stewart. i remember i thought she went to yale but it turned out she went to jail. >>> when we come back president's chief economic advisor larry kudlow we'll talk about the jobs number and trade. looking pretty good on the premarket. it took guts to start my business. but as it grew bigger and bigger, it took a whole lot more. that's why i switched to the spark cash card from capital one. with it, i earn unlimited 2% cash back on everything i buy. everything. and that 2% cash back adds up to thousands of dollars each year... so i can keep growing my business in big leaps! what's in your wallet? we have a question about your brokerage fees. fees? what did you have in mind? i don't know. $4.95 per trade? uhhh and i was wondering if your brokerage offers some sort of guarantee? guarantee? where we can get our fees and commissions back

we got with the north koreans because it's such a very preliminary stage so far. >> we'll see if navarro'spology in the last few minutes does anything to cool that fire. >> i'm glad he said something on the record, yeah. >> michael mcfaul and gabriella santos, jp morgan, thank you soh >>> anti-climatic >> we sign aed a very, very comprehensive document and i believe he will live up to that. in fact when he lands, which will be shortly, he will start that process right away. i k he wants to get it done. so no matter what you trade, or where you trade, you'll only pay $4.95. fidelity. open an account today. you'll only pay $4.95. that's confident. but it's not kayak confident. kayak searches hundreds of travel and airline sites to find the best flight for me. so i'm more than confident. how's your family? kayak. search one and done. >>> welcome back to "squawk alley. jones thinks thet will rally at the end of this year he spoke to cnbc saying he expects a quiet summer but after the midterms things could go, quote, crazy take a listen. >> if you go look at what has shut off the stock market h

navarro to sway market fears and walk back some of the things we read earlier in the day no question about it however you have to believe the only reason we've been selling off is due to the tariffs. i don't believe that maybe it is and obviously today was a heavy tariff headline day but that wednesday when i thought the fed was extraordinarily hawkish and if you think there's a fed put, you're mistaken, we've had these conversations so even though the trump administration can sway the market hour to hour minute to minute, there's much bigger things at play not to mention eem which tim has talked about and the fact that european banks, maybe there is a systemic risk there. >> so the fed put is gone? >> i believe the fed put is gone, i don't know thi administration is following the market minute to minute even though we had a time where the president was tweeting about it. i think if you look at the survey, people are worried about the economy. you have major price pressures, issues business leaders are talking about on a bout of nafta tariffs and tariffs of those based upon china i u

peter navarro talking more to the point about the leader of canada. >> there's a speci pla in hell for any foreign leader that engages in bad faith diplomacy for donald trump and then tries to stab him in the back on the way out the door. that's what bad fth jusin trudeau did with that press conference. >> neil: i'm not -- i don't know what it was that ticked the president off or what got peter navarro's attention here. but he's pretty much said that he was upset before the summit, after the summit. what's doing on here? >> i think he may have had some bad coffee. i'm a logical guy. i don't understand -- rhetoric like that is reserved for saddam hussein and al-quaida. i don't know why they would do that. if you're trying to move the needle in negotiations, that's the last thing i want to do. that is all that is being talked about right now. let's hope cooler heads prevail once north korea is done, we get back to the trade talk and get in a better place. canada, we have a trade surplus with themncluding services. so i don't know why they would attack canada. we have it much worse with o

sunday newspaper on the sunday news program president trump director of trade and policy mr peter navarro said of the prime minister that he deserved quote a special place in hell and quote which proves that the current us leader and his staff are certainly not polite nor perhaps reasonable while mr navarro previously said that no country would retaliate against the united states related to trade tariffs canada will be imposing thirteen billion and the european union will impose three billion dollars worth of tariffs on u.s. goods while the truck administration's goal is to reduce tariffs on u.s. goods it's not worked out that way at least so far meanwhile and at.