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

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and dow down 22453, and then we heard from trade representative peter navarro who soothed the market,re were no plans, he said, no block investments, and that helped this late stage comeback talking about that in a moment we have dan niles weighing in on the sector coming up joining me on the panel, our senior market commentator michael santolli and keri firestone, welcome to all of you. the big winner in the dow today was walmart. in general, utilities and consumer staples did okay today. intel the biggest decliner in the s&p. campbell's soup the big winner more on that in a moment, and carnival, spoke to the ceo there, the big loser tech worst performing sector overall after reports that the u.s. could restrict chinese investments in u.s. tech companies. names e e-- included micron, intel, and nvidia do you think this explains the markets all day? >> first of all, i think the rorg reports of restrictions on training investment overnight yesterday were triggered for some weakness in stocks. i think the the technology was not going to be impervious, it just chased hot money out of are

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 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

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

he's kind of with peter navarro with the trump administration on this. stephon is going to tell us, no need to panic, u.s. is solid at the moment. we'll be right back. stay tuned. brighthouse financial allow you to take advantage of growth opportunities... with a level of protection in down markets. so you can be less concerned about your retirement savings. talk with your advisor about shield annuities from brighthouse financial- established by metlife. when it comes to travel, i sweat the details. late checkout... ...down-alternative pillows... ...and of course, price. tripadvisor helps you book a... ...hotel without breaking a sweat. because we now instantly... ...search over 200 booking sites ...to find you the lowest price... ...on the hotel you want. don't sweat your booking. tripadvisor. the latest reviews. the lowest prices. retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver c

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

chris: we will ask white house trade adviser peter navarro what are the chances to head off trade war and about the president's surprising call to bring moscow back into the g-7. >> i think it would be an asset to have russia back in. i think it'll be good for the world. chris: all right now on fox news sunday. ♪ ♪ chris: and hello again from fox news today in singapore. you are looking at the night skyline of this vibrant island nation of 5 and a half million people that's one to have financial capitals of the world. air force one just landed bringing president trump to a summit that was unthinkable just over 3 months ago. the man he came to meet, north korean leader kim jong un got here a little earlier today. let's get you situated about exactly where we are. singapore is 10,000 miles from washington in southeast asia, much only 3,000 miles from pyongyang but that's the longest trip kim has taken since he became north korea's leader in 2011. the two leaders are set to meet tuesday at 9:00 a.m. on sentosa island, sentosa has amusement park and beaches and luxury cape will, will a ho

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? >> petere'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 because it's no

saying — oi’ quoted, and peter navarro saying — or try to reassure that they would not be anything additionalbe 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. many have suggested that these tariffs were — or now that these tariffs were — or now that they're coming into force, a

. >> peter navarro told in a row lou dobbs china is making a big mistake. president trump surprise china on monday when he announced the threat of new tariffs. a programming note for you. peter navarra will be a guest on "mornings with maria" at 7:00 a.m. this morning eastern time. trying to all right, a lot of breaking news to get to on "fbn:am." president trump in the fight on immigration and of course the fight with china and of course we are talking about the markets. latina features. better story today in the european market. gerri: the european market moving higher overnight trip to ftse up 85 points. a better open for the market today in the entire world doing better. glad to see that after yesterday morning. cheryl: good morning, everybody. welcome to "fbn:am." always a pleasure to have you join us at 5:00 a.m. eastern time. 5:01 a.m. eastern time. here in new york elitist. gerri: i and gerri willis sitting in here today and we are glad to see a stronger move for the markets today. all eyes on trade and immigration. those are the two big topics today

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 has sought to ease investor concerns about u.s. sting a treasury are part -- department report will not be as sweeping as markets are anticipating. navarro said there are no plans to impose restrictions. the dow jones industrial 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. -

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

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

so if you're wondering, neil, what next or really how did we get here, peter navarro told us today there was quote, no progress in the last three sets of talks. remember steve mnuchin, navarro, others went over to china. a chinese delegation came back here. navarro was largely left out of the talks. wilbur ross went over to china to secure deals. 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 addit

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

the white house advisor peter navarro is apologizing for inappropriate comments against the canadianrime minister justin. he's speaking at a conference in washington, d.c. and has also it's critical for the u.s. to be and the chinese tariff deadline will be president trump's decision. the headline is peter navarro is apologizing for what he is calling it an appropriate comment against prime minister trudeau. 19 minutes into the trading day in the u.s., julie hyman have the latest. julie: i've got the canadian dollar up there as we talked about those comments from navarro. we 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 month

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

let's get at it with peter navarro. elcome back to prime time. >> good evening, chris. >> we're on a trade war brother and you started it. fair point? >> the biggest part of that is when china joined the world trade organization in 2001 with the help of president clinton. we lost over several thousand factories and manufacturing jobs. the casualties in that particular trade war, chris, were the men and women working with their hands in states like ohio, michigan, north carolina. >> wasn't that about innovation? >> not at all. it was about china's unfair trade practices. my office this week released a report -- >> i have it. thank you very much for that. >> if you look at the chart in that report, you'll see china uses over 50 unfair acts policies and practices to extract wealth, jobs from this country. the big issue we face with china, china is targeting the crown jewels of technology. they're taking it by theft and transfer. they're coming over here with bag fills of money they got from ill gotten gain -- >> buying stuf

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

steven mnuchinat said the ent would not be specific to china, peter navarro said that's not the plan. >> the only thi that's going to happen in the near term is on friday. goingeasury department is to report to the president about the issue related to china, that's all that's going to happen. with respect to other countries, there's nothing on the table.re fears growing that the chinese will hit back hard, disrupting u.s. businesses by delaying deals and licenses, holding up cargo at the ports or even devaluing its currencies. >> w tarehered at the hip with china. they have many different tools they can use to fight back. >> president xi warnedestern ceo's in beijing last week, it would strike back. u criticizing t. and calling on companies to take the road of reform, opening up innovation and development. and not to go backward to isolation. inflexibility, protectionism and unilateralism. chinese investment in they .s. has alrellen. foreign direct investmen is already down to $1.8 billion in the first half of the year. that's down from ro90% the same time a year ago about. >> we're p

especially after the president -- forget the language that peter navarro used, forget the tweets.fter the president suggested russia become a member of the g7, making it the g8, where are all the republicans aside from people like jeff flake and john mccain and others who are up for re-election, where a they saying, this is not where the republican party has been. we understand what happened in crimea. that wasn't a little thing. it's astonishing to me that we haven't heard more republicans objecting to peter navarro's language, for example, or the president's language. what i think the president has right now on his staff are enablers. this is what he has wanted. this is the new donald trump. he has enablers. he doesn't have people pulling him back and saying, you know, mr. president, not a great idea. instead, they take what he said and they notch it up, which makes for a very difficult situation with our allies. >> samantha, a senior white house official described what was described as -- a new trump doctrine in colorful language in a conversation with jeffrey goldberg. >> exac

trump. >> glor: strong words from peter navarro. much the impact the g-7 has on this. >> the secretary of state mike pompeo trying to make the best of a tough situation, says, look, all it proves is that president trump will fight hard for u.s. interests with friends and fight even hard we are adversaries, quite clearly north korea despite all of this pomp and circumstance still an adversary, denuclearization the big goal. >> what a moment here, major. the summit just a few minutes away. we will be back to major in just a moment, but during his nighttime stroll here, kim jong-un said he was impressed by singapore's economic develop and hoped he could learn from it. kim has ruled north korea for nearly seven years now, yet he remains a mystery man in the west. ben tracy has more on this. >> reporter: at about 9:00 last night, kim jong-un's motorcade suddenly left the st. regis hotel. minutes later he arrived at one of this city's most famous tourist spots, the gardens by the bay. singapore's foreign minister posted this selfie with t

in hell for him and i don't know if that was because of his eyebrow falling down of space but peter navarro has apologized for this but you know i'm not sure what the big problem is with the canadians i mean we get the maple syrup and we get the hockey players and they get the tar sands i tell you what stop sending tar sands to america.

and what peter navarro and larry kudlow, two of the president's advisers said, he said what the president said came from air force one. the sentiment was from air force one. that makes the following comments even morin credible. take a listen. >> he really kind of stabbed us in the back. he actually, you know what, did a great disservice to the whole g-7. >> there is a special place in hell for any foreign leader that engages in bad faith diplomacy with president donald j. trump and then tries to stab him in the back on the way out the door. >> reporter: both of our countries, john, that's what we refer to as trash talk. having said that, the president seems like he is hell bent on making it clear he was not happy. justin trudeau refuses to respond to this. the shame here, john, i heard from both american and canadian officials during the summit that real progress had been made. now they wonder if the president may pull out of nafta in the coming weeks. >> all right. paula newton in ottawa. we heard from secretary of state mike pompeo facing questions about what happened in canada. i want

peter navarro weighing in with a special place in hell. i want you to listen now to canadaed foreign minister and how she reacts to these remarks. >> canada does not believe ad homonym attacks are particularly appropriate or useful way to conduct our relations with other countries. >> the issue is trudeau government would appreciate de-escalati de-escalation. that's what they told me they wanted to do going into the g7. the problem is they were told by larry kudlow last night, larry kudlow had no why the president abruptly pulled out of that g7 communique. then within hours it was larry kudlow on cnn cutting down justin trudeau in the most ferocious way possible. now, apparently the president was unnerved, fuming when he heard justin trudeau say this. >> i have made it very clear to the president that it is not something we relish doing, but it is something that we absolutely will do. canadians are polite, we're reasonable but we also will not be pushed around. >> will not be pushed around. that apparently is what dit for the president. th

you saw what happened sunday morning with peter navarro.ey really trying to flip the script at this point. as they move onto the singapore summit. it is a big issue for the white house right now. the president made the point i did not have to come to this, the g7 to qucbec. i had this big meeting in singapore coming up with kim jong-un alone where i'm trying to make world peace. i did not have to do this. it's a chance for the white house to flip the script illiterate. let's get some wins that the present talks about the request present was there and he withdrew support for the joint statement. the u.s. and allies, who is lying in wait to take advantage and how could they use this to their advantage? >> that's a good question. i think right now, the president has been really pushing tariffs for the last couple of weeks. the one thing that is really surprising, maybe not surprising but noticeable is republicans have been willing to back him on many things. they have been willing on the mueller investigation, a myriad of issues. otherwise, th

jim, i have to say the language we heard just a few hours ago by larry kudlow, also peter navarro, it's remarkable. stab in the back, special place in hell. that's the kind of talk you hear from presidential advisers, diplomats, on the eve of serious conflict with enemies. >> it's difficult to understand what it's based on. look back at what the canadian prime minister sai in that press conference. he looked back and saw what trump was using and accused other allies to be a national security threat to the u.s. to justify these tariffs under the rules of the wto, which is a treaty the u.s. helped create, right, and has a lot of leadership in. the only way to impose tariffs under that is to call one of your trading partners a national security threat. you saw the canadian prime minister there saying, in his press conference, and his exact language was, it's kind of insulting, to say, here we are, canada. we fought alongside the u.s. in world war ii in iraq, in afghanistan, in the vietnam war, korean war. relevant, of course. we lost our own soldiers and young men and women. it's kind of i

congressman, i want you to react to what peter navarro and larry kudlow said. first, navarro, saying justin trudeau has a special place in hell reserved for him for attempting to diplomatically hoodwink this president, donald j. trump. i have rarely heard such harsh back and forth between senior advisers, representatives of administrations, to another country's leader. >> thank you, alex, for that question. it does not help the american worker when the president throws a temper tantrum at one of our closest allies. it's particularly odd to go after canada for three reasons. number one, the u.s. has an $8.4 billion trade surplus with canada. number two, canada hasower average tariffs than the united states. and number three, american steel companies and steelworkers oppose these tariffs on canadian steel. so the very industry that the trump administration is trying to help opposes these tariffs. none of this makes any sense. >> that said, congressman, is there any part of this that is justifiable? the president himself keeps reiterating the farmers, specifically

whatever you want to call it and here is the argument they laid out, essentially according to peter navarrolook at numbers. in 2017 u.s. imported $505 billion from china. we sent over earns the u.s. did, 130 billion worth of product the. navarro says the argument there is ceiling the chinese can hit us with. here 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

in hell for him and i don't know if that was because of his eyebrow falling down of space but peter navarro has apologized for this but you know i'm not sure what the big problem is with the canadians i mean we get the maple syrup and we get the hockey players and they get the tar sands tell you what stop sending tar sands to america and be happy about that because it's extremely dangerous for people so i think justin trudeau did some sort of special tar sands deal just recently as well but nobody pays attention to them because trump is everything right but that's what everybody's paying attention to but i want to turn to another story that i promised we would cover the last episode i said we were covering this and this is finally. frets about share buybacks quote torrent of corporate training dominating the market and short term financial engineering right after the company tells the market the stock is cheap executives overwhelmingly decide to sell that's the headline and this is from wall street dot com but he's talking about an s. e c study and they find that basically all these compani

in hell for him and i don't know if that was because of his eyebrow falling down of space but peter navarro has apologized for this but you know i'm not sure what the big problem is with the canadians i mean we get the maple syrup and we get the hockey players and they get the tar sands tell you what stop sending tar sands to america i'll be happy about that because it's extremely dangerous for people so i think justin trudeau did some sort of special tar sands deal just recently as well but nobody pays attention to them because trump is everything right but that's what everybody's paying attention to but i want to turn to another story that i promised we would cover the last episode i said we were covering this and this is finally. frets about share buybacks quote torrent of corporate training dominating the market and short term financial engineering right after the company tells the market the stock is cheap executives overwhelmingly decide to sell that's the headline and this is from wall street dot com but he's talking about an s.t.c. study and they find that basically all these compan

there is there is peter navarro right there. raise your hand, peter.hey are all calling, they all want to make deals. beforeid this, they weren't calling the obama administration, but the obama administration, in all fairness, the bush administration, didn't care. it wasn't their thing. last year on trade, our country lost $817 billion, with a b -- billion dollars, 817. we lost $817 billion. who the hell can do that? and we don't have to be perfect. we don't have to get it down to zero. but we can't lose 800 -- because you feel like sort of stupid, don't you? don't you feelke stupid? when the biggest, of course, was china. china made anywhere, depending on the way you count, from $375 billion, we both china. and i really like president xi, but we built china. they did help us on the border with north korea and they might not be helping us anymore and that would be too bad. i've been as nice as i can for as long as i can but we got to get some balance. it doesn't have to be perfect but there's got tonc be some fairness. you know, i'm a believer in free-

peter navarro saying china has more to lose than the u.s., that's when the dow started to retrace. >>etary of state mike pompeo ripping into

have steven mnuchin that's saying this is all fake but then just last week you had trade minister peter navarro on mornings with maria and he said otherwise. listen to what he had to say. >> the investment restrictions to be clear are proposed as the province and the treasury department and decision of the president. the purpose of those would be to prevent china from coming into silicon valley paying a very high premium. to be clear here, maria these are not business people. they don't come in just to earn a fair rate of return and generate cash flow for their investors that's not the game. the game is to pay a high premium and use those companies for strategic purposes. >> so then you have peter navarro the director of trade saying one thing, the steven mnuchin secretary and treasurer saying another, you have markets moving down on all of this chaos and then china saying last week to beijing about 20 big time multi-national executives in a nice round table meeting saying essentially in america they may turn the other cheek in a fight but in china they're going to punch back. i'm paraphrasing

but you have two of the top economic advisers in the trump administration, the trade adviser, peter navarrosecretary, steven mnuch mnuchin, literally in open war. joining us now, steve moore, now an normal white house adviser. you know all the players here, so let's get to it. there is basic confusion about the white house economic policy tonight, steve. "wall street journal" and bloomberg reporting there would be investment restrictions targeting china, to which secretary mnuchin tweeted, quote, on behalf of real donald trump, the stories on bloomberg and "wall street journal" are false, fake news. the leaker either doesn't exist or know the subject very well. statement will be out, not specific to china, but to all countries that are trying to steal our the technology. so he's calling it fake news, but basically saying it's true and actually even bigger than they reported it. but let me just get to the point he made here, the leaker doesn't exist or know the subject well. so he's slamming a leaker that he works with, basically. >> and look, there is agreement on the table with trade on th

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