okay you got better than even odds to make the playoffs. >> i'm feeling good about it >> tony fratto,very much >>> let's dive into the market implications of that and everything else going on now michael purves joins us. you heard tony's excellent analysis better than even chance we go to 25% on those 200 billion if that happens, what happens? >> you know, all the economic data, both the hard and soft data, soft data meaning the ceo surveys, let alone the consumer confidence numbers, have not reflected anything negative yet. everything coming in strong. the market's take has been, like, we'll just see -- we need to see some of this data weaken before we get worried. we've seen these moves so many times throughout the whole trade discussion from the spring one thing i find interesting, i don't have the political context that tony does, i think the market's take on this was trump would push this narrative because he promised it, but he would lighten up before the midterms what seems to be happening is that he's going full speed ahead here and escalating that i guess he's confident enoug

. >>> let's welcome in tony fratto when you go to the power lunch, is there any reconciliation at all whispered voice that maybe some of the president's harsh trade tactics are work at all in is anybody admitting that in the darkest corners? >> there's a few people at the palm who might want to admit that >> maybe i shouldn't have used the palm >> the jury is still out that's the big point we don't have certain agreements on this. the u.s./korea amended agreement, the big accomplishment in march is still not done yet these deals are complicated, they take time i do think eventually we will see a trilateral renegotiated nafta 2.0, but we're looking into next year before that sees itself in front of congress. >> because the u.s. versus mexico and canada is a lot different than the u.s. and mexico versus canada >> yeah. i think that's right canada -- you have to remember canada entered the early part of negotiations protecting mexico's interest canada cannot be happy today about where -- mexico kind of jamming it in this the big concessions that have been made so far have been made by me