tv Your World With Neil Cavuto FOX News March 23, 2018 1:00pm-2:00pm PDT
>> trace: come on, 4:00 at, bring about bella. at the dow down the 407 points, putting it together with yesterday, we are talking almost 1200 points. i am trace gallagher. "your world' with a neil cavuto is up next. >> i say to congress i will never sign another bill like this. i want to do it again. nobody read it. it's only hours old. at some people don't even know what it is, $1.3 trillion. the second largest ever. >> neil: maybe it is a good thing that he promised he would never sign it again because man oh, man, the belief that wall street and washington are not in sync when it comes to spending. the national community worried, worried about paris, worried about inconsistencies coming out of the white house on personnel. you name it, and we should also point out that with the hits, today, the dow is down close to
6% on the week. the lows on all of this, if you want to go back in time a little bit, the waste work and month 2. the worst of since 2001. that is the worst march. and we have run up far too fast, using it as an excuse to sell. pouncing on these developments, the fact that the president had to take to achieve the announcement to say i am signing this, $1.3 trillion spending measure, but with caveats here. that was one of the things that prompted the president to say i am doing so with my hand over my nose. obviously, wall street felt the same by days end. we have a charles payne on what happened. we begin with john roberts. very concerned, i would imagine, about how that escalated. >> the president was asked about that as he was leaving the
diplomatic reception, with the signing ceremony, and the president was asked if he was concerned about the impact on the stock market he said he is not concerned at all. the stock market is way up compared to where it was before he took office. and he said china will treat us fairly. now, to this assigning bill. the president vetoed threateneo it. it was really interesting, i guess he did not want that enduring image of him signing a bill that he didn't like. the increase of $60 billion for these military, with some $700 billion this year, and next year, i know that james mattis, the defense secretary called him up to say you are not really thinking of vetoing this bill, are you? but when all was said and done, he had no choice but to sign it. so the idea of vetoing it
appeared to be some sort of a bluff. so i asked him why he put out that sweet this morning. listen here. >> i like to very at the veto. i was thinking about doing the veto, but because of the incredible gains that we have been able to make for the military, that overrode any of our thinking. >> so what did in the president's like about the bill? that it was only $1.6 billion for the wall. he wanted a lot more money than that, also railing against the fact about the democrats didn't accept his proposal to extend the daca provisions through 2020. about a month ago, a bipartisan group did a float in this, they said that they didn't like at all. another excuse for amnesty. so the president also ripping the senate filibuster rule that requires democratic support and spending ideas to get a bill through. he asked congress for line item veto authority.
how many presidents have asked for line item veto authority? bill clinton got it in 1996, 1998, the supreme court set unconstitutional. so i don't know if the president has got the political capital to push through a constitutional amendment, but if you want that, he has got to do that. that's the only way to do it. >> neil: real quickly, the chinese had a promise to reciprocate, about 138 to different goods. that they could responded to. the president sort of dismissed of this, that he thinks that this won't be a big problem, but clearly, markets are worried. >> clearly, they are. the president does not think that this will be problem. he has been talking about waste it to level playing field, and this could be more of a negotiating tactic than anything, let's look at what happened with these it tariffs on a steel and aluminum at the
11th hour before they went into place. carved out a bunch of exemptions for our biggest allies. he goes in with a hard line, then tries to cut a deal. i imagine there is a lot of back and forth between the white house and beijing. >> neil: john roberts out the white house. all right, let's go to charles to make sense of what happened to today. the drop off today, that's closing low that's represented the official correction for these markets and then some. so correcting from even then. what the heck is going on here, charles? >> if there was a valiant effort here to spark a rally, but we saw fairly quickly go nuts on like yesterday. now, reason that we are selling, includes science from the market that a potential recession could be around the corner. those are worth hitting in the last couple of days.
also, the facebook fiasco. saw things get worse just after the house and energy commission requested that mark zuckerberg make the trip to washington to testify. without leadership, the stock market becomes -- that doesn't mean that there wasn't any good news. they were up, including boeing, and reiterated his commitment to the military. and then come of course, there is a trade war with china. continues to cast a very dark cloud over the market. took it on the chin of this week. minnesota mining, caterpillar of 7%, and apple down 6%. so we finish with your point and correction territory, looking very vulnerable as we go into the weekend. >> neil: is it your sense of the chinese are going to follow up on these threats? one of their finance officials
saying that we could reassess our purchases into the securities and the like? verbal though it may be, the $3 million figure, what do you think? >> i really think the biggest pushback is coming from wall street, not china. that's one of the reasons that this market is down. the folks, the elites on wall street do not want to see the whole applecart upset. they want the status quo. china is pretty smart about this. they can go forward, $5.5 billion worth of stuff, it is a mutually beneficial relationship. we just wanted to be a smarter, fairer relationship. >> neil: thank you very much. 6:00 a.m. eastern time. my next guest is really not a very big fan of tariffs. ultimately prevailing, godless 45-day window for that to happen, which the president was optimistic about today that we
could avoid any problems. i am talking about the house ways and means a church committee. hardest working guy when it came to the cuts. you can thank him because long before anybody else was putting this together, he was putting this together. the higher resulting items, should they come to fruition, could wipe away whatever benefits we see from these tax cuts. >> yeah, the president does not want this, i am convinced. a look at, this has cost us thousands of american jobs. they all face the same dilemma, how do you stop china's sheeting without punishing americans while you do it? he has taken the issue on, and i think one of the smarter things of the president is doing here is giving that's at 30-45 days
to a sense of some potential tariffs, suggesting alternatives and better ways to tackle this. i think by the time they have a dialogue with china, how do you start addressing the steel and aluminum, the forcing of technology transfers to china, and are there ways, cooperative ways to lower that trade deficit? i think the announcement also triggers an important part of time for the dialogue to happen. >> neil: time is wasting. the 45-day window on this, to see us watch the chinese do, if they don't do anything, with a paris, or targets of their own, then you are quite right to be concerned about the impact. the good impact you are getting on these tax cuts. that could be wiped out in a minute. >> and you don't want that to happen. or just walking into the studio here, here in the woodlands,
expanding onto the other end of this building because tax reform is excited about what customers are seeing. we have to keep that momentum going. >> neil: chairman, is it your sense of the president is it doing this -- explaining to the american people why he was signing onto this $1.3 trillion spending measure to keep the government going through the end of this fiscal year, when he said he wouldn't do it again, well, i am not blaming him or you, it is the nature of the beast. we keep seeing these things. they begrudgingly sign on to something that they don't like. do you take him at his word is that if this were to happen again, he would not sign it? >> you know, is a frustration is the same as ours. the whole budget process is broken. everyone thinks it's broken. so part of that agreement from a month ago was for house and its members can come together this year and come up with a better way to do this. from the house of standpoint, we
have passed all 12 of those separate bills. we think that is the best way to do it. the senate, with their super majority rules, not able to do any of that. then, you get stuck with bills like this. this is the best opportunity in 15 years to rebuild our military. and i look back on president reagan, his tax cuts after the economy, rebuilding the military, that had a good outcomes for people -- the world looked at this president. and this bill was a big part of that. >> neil: still with the majority, i'm not saying it is a danger in november -- it could be, but to make this permanent. given the time frame, it looks pretty dicey. are you optimistic he could still do that? >> yeah, i think it is important to push that in a big way because we think it is better if they are permanent, but that's not the only part of it. the reason thing we do mike, we
think we have to improve is that our competitors are doing that as well. if it is like a business. you are looking to improve your products and service every year. congress should be no different. we should be looking every day at how we make our tax code more family-friendly, more competitive around the world, and again, how do we spur that innovation that can drive the future for us? i just want to change the culture in washington, where they think they do this once a generation, we ought to be improving it continuously. that is what we are trying to do. >> neil: chairman, looking at the agenda for the rest of this year, it seems now that there is no threat to the government, a lights out before the end of the fiscal year, but there is very little likelihood, it would see seem, to get to some of the tax cut stuff additionally. so is this what we have got? is this what we are going to be looking at in midterms?
>> not necessarily, we have a new tax code, really demands a new irs, so republicans have been working in the house for the last year, working alongside democrats, and how do you redesign the irs? so it really is taxpayer friendly? so it really is focused on efficiency, accurate answers, customer service, in a big way, so we are working with them on an april package bill that actually redesigns the irs in a way that is 20 years overdue. we also think there is bipartisan ways to improve and help the people save more and earlier in life. we talked about that. we think that there are some bipartisan improvements that could go forward. my thinking is let's do the work. put it in this position. there are skeptics. i understand that there is good reason for it, but that doesn't mean that we ought to not be moving these good ideas forward. >> neil: when you negotiate and discuss and meet with the
president, are you concerned about all the personnel changes that are happening now? the third national security advisor? it seems to indicate a white house in disarray. do you agree with that, and it doesn't concern you? >> while, and the space i am in, it has been pretty stable. i have worked with the president, steven mnuchin, he had a long-standing relationship with him, and i think that he is like minded with so many of us on tax reform and trade and a number of those issues, so in the space i am in, there has been consistency and an awfully good at dialogue. so that is what i think is a positive thing. >> neil: all right, chairman, thank you very much. runs the hausa ways and means committee. taking a look here. about 224 points.
worst weekend ending since january 2016. worst month of march we have seen since 2001. what's really going on here? the story that you don't know about probably want to know. after this. it was my very first car accident. i called usaa and the first thing they asked was 'are you ok?' they always thank you for your service, which is nice because as a spouse you serve too. we're the hayles and we're usaa members for life. ...with its high-tech cameras mercand radar...c... ...contemporary cockpit... ...three hundred and sixty degree network of driver-assist technologies... ...and sporty performance... ...what's most impressive about the glc?
with moderate to severe rheumatoid arthritis? how do you chase what you love do what i did. ask your doctor about humira. it's proven to help relieve pain and protect joints from further irreversible damage in many adults. humira works by targeting and helping to block a specific source of inflammation that contributes to ra symptoms. humira has been clinically studied for over 20 years. humira can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal infections and cancers, including lymphoma, have happened; as have blood, liver, and nervous system problems, serious allergic reactions, and new or worsening heart failure. before treatment, get tested for tb. tell your doctor if you've been to areas where certain fungal infections are common, and if you've had tb, hepatitis b, are prone to infections, or have flu-like symptoms or sores.
don't start humira if you have an infection. ready for a new chapter? talk to your rheumatologist about humira. this is humira at work. >> neil: all right, there you go. 425 points, down to 533. this wraps up the trading month. also wraps up the trading week. what do you make of that, whether trade was a factor, spending, whether turnover was in effect, maybe all of the above. let's ask our panel. dan, what is your sense of what happened today and whether it is telegraphing bigger problems down the road? >> well, i think that people are overreacting a little bit. we start talking about is that
we are in a trade war were approaching a trade war. i actually don't think that is true. i think we are going into a time frame of negotiation. i don't really believe that the president is looking to start a trade work. it's not in our best interest. it is not in china's best interest. but people seem to be overreacting to that. we are going to have the president bring china to the table, and i can almost guarantee he is going to get some kind of deal done that will be better for us. >> there is that 45-day window for that to happen. they have been kind of shaking their heads a little bit. only responding with a $3 billion worth of u.s. goods that may be targeted. so i hope it does a spring eternal here, but what you think you? >> i am not ready to call the president's bluff just now. i don't think a trade or happen, however, i do think that if china does retaliate, even to the tune of 3 billion, that will impact materials, industrials,
metal, it is going to hurt our agricultural center. they are aiming at farmland products such as soybeans and pork. at the end of the day, that is going to hurt the market. that is why they are down this week. and it will increase the cost for consumers. i am not sure if that is the right way to go about china stealing our intellectual property. >> neil: how real is this in the grand scheme of things? i know that it is technically their market and correction territory. gee, proctor and gamble, down 20% or more from their highs, and that more will usually follow when something like that happens. it is not a guarantee. to go, certainly. we have a confluence of issues facing us. it is not just china, although china does deserve a punch in the mouth for punching us in the mouth for 30 years. let's be clear, we have deficit spending that is not going to balloon. right now, it doesn't feel so
good. so we do have an issue there. we have some possible short-term liquidity issues. so we have a few things that are weighing on sentiment. sentiment has changed. we are out of ammo as far as earnings go. earnings are over. so we lose that support. now, we have nothing but the negative news except for durable goods. tobacco is a book. the gdp is raining a little bit, 1.8% is what atlanta is a signaling. and we have the final quarter, 2.5% isn't exactly what the president had gotten us fired up about. so we do have a couple things that are negative weights on this market. >> neil: all right, thank you guys very much. breaking news, i apologize. there was a sector that did pretty well. it bonds. a lot of people find a safe haven there, so if you are refinancing a mortgage or just finding a safe place to put cash, bonds have held their own,
so much so that the yield went down. so in an environment where people are worried about stock sinking, bonds did it just fine. prevagen is the number one selling brain-health supplement in drug stores nationwide. prevagen. the name to remember. oh! there's one.a "the sea cow"" manatees in novelty ts? surprising. what's "come at me bro?" it's something you say to a friend.
more information. yes, another terrorist is free in france. a26-year-old moroccan born man was responsible. happened in the southwestern city. he hijacked our car, shot up a group of police, and stormed a supermarket, taking hostages. it during a three hour sieges -- listen to this -- one police officer swapped himself up for l those hostages. he left his phone on, and one police heard more firing, they stormed to the place. four people were killed, including the attacker. 16 injured, including the very brave officer. the gunman was believed to be a radical. under surveillance, but not likely to be a threat. he said he had allegiance to isis, and isis have claimed responsibility. the lone surviving terrorist
suspect from that her friend in paris, including the theater. today, another arrest was made of. police are trying to figure out whether this guy worked alone or had help it. either way, turned out to be a very dangerous man. back to you. >> neil: thank you very, very much. much of the media focused on the president's decision to take john bolton and as his annex to national security advisor. the third of his presidency. some are calling him a warmongering class officials who is going to be advising the president. it just to take a listen. >> a lame duck with potentially someone allowed. >> pushed and pushed and pushed. he wanted to go to syria. name a country he didn't want to go to war with. >> this is a president who want someone who can make a case for anything. that is what bolton can do.
>> neil: i am going to put all these guys a -- i want to talk to analyst and what he makes of that. you would think that we were marching to nuclear war as we speak. what do you think? >> first of all, their reaction doesn't surprise me. some of the stuff that they say is so incredibly shallow. this is about a president who has now been in the job 14 months. we know that he has a sense of this world out there. he signed, i thought, the best comprehensive and accurate national security strategy that i have seen any president to you in my adult life. it is really quite remarkable because it describes the world as it really is. russia, china, iran. a radical islam driving. these are major challenges that we have to push back on. we have to do so with our allies. so where we are moving is because of mr. trump.
he is comfortable in the job, and now he wants advisors around him that support his agenda, not somebody else's agenda. his agenda. this is not about john bolton, this is about president trumps a national security agenda. >> neil: so let me ask you a little bit about that. head of the cia, they take on much less sort of globalist view of the world, whatever that term means. working with the international community. they are keeping more in mind with the mind-set of donald trump. what does that mean, if you are less inclined to be a globalist or whatever? you are more inclined it to be? >> first of all, these words i think are sometimes not very useful. what the president has set from the outset, is that he wants to work with our allies to push back on our adversaries.
he got an ear full when he went out to the middle east. he stood up anna naito, with our allies there and said i got you back here. what you need to do is pay up a little bit more in terms of defense. he went into the middle east and in front of 55 leaders and said i will stand with you against iran. at the number one strategic enemy. we have to figure out what to do with the extremists that are in on this as well. so right from the outset, they have taken a view of the leadership, and he fulfills a leadership role in terms of it bringing our allies together to work on common objectives and also to push back on adversaries. if that's a global view of the world, i kind of think it is. it president trump has his own interpretation of how to go abot this. he wants the united states to be
treated fairly. he wants the sovereignty of the united states to be respected, and the sovereignty of our allies to be respected as well. >> neil: general, very well put. good to see you again. it to what these general is a saying, they are part of that same pattern. using this not only to get economic concessions, but may be more help when it comes to the north koreans. looking alive at the white house, the president will soon be departing to mar-a-lago. it has the idea that he can run by reporters and say something to them. but more on how those tariffs become more than an economic matter and increasingly a military one. after this.
in an unreasonably narrow fast food drive thru lane. but what a powerful life lesson. and don't worry i have everything handled. i already spoke to our allstate agent, and i know that we have accident forgiveness. which is so smart on your guy's part. like fact that they'll just... forgive you... four weeks without the car. okay, yup. good night. with accident forgiveness your rates won't go up just because of an accident. switching to allstate is worth it. because china is going to end up treating us fairly. for many years, they had free reign. we are very friendly with china. we have great relationships with china. it's that time. last year, we lost $500 million on trade with china. we can't let that happen again. >> neil: did respond with a $3 billion worth of targeted u.s. goods, did come out with a
statement saying that this is coming from their ambassador to the united states. trade war on china will fight until the end. next, possible best-selling author, gordon, how nasty could this get? >> well, this could get extremely nasty, theoretically because china has provided a comprehensive challenge to the rest of the world. so, if a for instance, it is a trade outlaw in the center of global commerce, it is the world's number one exporter. it number one trader. at the same time, doing things which are incompatible with global order, so for instance, supplying north korea with dangerous technologies. certainly supporting the north korean regime. the list goes on and on. it is very difficult to look at these disputes. so theoretically, yeah, this could get extremely nasty. >> neil: you know, the
president has always had the view that the chinese need as hell of a lot more than we need them. and on defense rather than on offense, what do you make of that to shove it back in their face? >> yeah, well they will have to blink because they do you need as much more than we need them. for instance, since last year, china's overall merchandise trade surplus was at 88.8% of their overall surplus. and that's extraordinary. that is up from 2016 where it was 6810%. so, china is increasing their dependence on us, so you know, president trump understands this. you hold all the high cards. the only thing the u.s. hasn't had is a political will. president trump is a showing that he does have that will, and he is willing to use u.s.
national power to protect our interests. >> neil: i wonder if there is another strategy going on. i have spoken with a number of market watches, saying this is as much about north korea and getting the chinese to help us there, maybe even providing a venue for these upcoming trump talks with the north korean leader, what you think it? >> yeah, i don't really think so because i don't think that the venue is going to be in china. >> neil: where do you think it will be? >> you there at the peace house on the southern side of the military partition line, in other words, and south korea. could be in sweden, finland, we really don't know. now, it could end up in china, but that would be a mistake because we have seen in the past, china uses its position to really help north korea and not the international community, and one thing that trump has done by agreeing to direct talks with kim jong un is to cut out the
chinese, put them on the outside, and that is a very good strategy. >> neil: but it would be a bad strategy if the president were to go to north korea himself. >> yeah, but i don't think that is going to happen, and kim jong un is not going to come to mar-a-lago. so it will be any neutral place. >> neil: back to these tariffs, they could respond by cutting back on their purchases. that has always been a worry. they have always said somewhere that they have to go, but there is really nowhere else to go, what do you think? >> yeah, china needs to buy u.s. treasuries to recycle their surplus. you know, the dollar is stronger than other currencies, and certainly, a better store of value. they have diversified into euros just when i a historic dropper. we know that the chinese are going to sell, and they have to do that to defend themselves. the south since the middle of 2004, they have been dumping
treasuries in order to support their currency. probably sold a lot more dollars than they are willing to admit because their foreign exchange reserves are probably not as high as they say, so the chinese are going to do with the dollar what they are going to do, so i don't think we have to worry about tariffs and the dollar. they are going to have to sell or buy, depending. >> neil: thank you, good to see you again. >> thanks, neil. >> neil: we are coming up to the weekend. it does your boss hug you? i want you to meet a councilman who was trying to make that illegal. your boss can't do that. when the lights go out at work, you leave. after this.
only eggland's best. which egg is so special, i'd never serve my family anything else? for me, it's only eggland's best. better taste, better nutrition, better eggs. i'm trying to manage my a1c, and then i learn type 2 diabetes puts me at greater risk for heart attack or stroke. can one medicine help treat both blood sugar and cardiovascular risk? i asked my doctor. he told me about non-insulin victoza®. victoza® is not only proven to lower a1c and blood sugar, but for people with type 2 diabetes treating their cardiovascular disease, victoza® is also approved to lower the risk of major cv events such as heart attack, stroke, or death. and while not for weight loss, victoza® may help you lose some weight. (announcer) victoza® is not for people with type 1 diabetes or diabetic ketoacidosis. do not take victoza® if you have a personal or family history of medullary thyroid cancer,
multiple endocrine neoplasia syndrome type 2, or if you are allergic to victoza® or any of its ingredients. stop taking victoza® and get medical help right away if you get a lump or swelling in your neck or symptoms of a serious allergic reaction such as rash, swelling, difficulty breathing, or swallowing. serious side effects may happen, including pancreatitis. so stop taking victoza® and call your doctor right away if you have severe pain in your stomach area. tell your doctor your medical history. gallbladder problems have happened in some people. tell your doctor right away if you get symptoms. taking victoza® with a sulfonylurea or insulin may cause low blood sugar. common side effects are nausea, diarrhea, vomiting, decreased appetite, indigestion, and constipation. side effects can lead to dehydration, which may cause kidney problems. change the course of your treatment. ask your doctor about victoza®. >> neil: all right, this doesn't apply to me because i am a 24/7 journalist, but there is a push right now, and a pushback
against bosses who try to hug you. they are out of emails, reminding you do this, do that, and i understand, it can be an exasperating moment. there ought to be a law. to say stop it already. he wants to have a 5:00 p.m. cut off. your boss can to bug you. you are off, and he or she should be off. he joins us right now. great to have you. >> thank you. >> neil: just mentioning that you were coming on, there was an enormous sense of support to what you are doing. from worker bees. and not the bosses. but what made you came dumb i could come up with this. >> i am a boss, and i understand the frustration of this, but the reality is that we have millions of workers not only here in the city, but across the country who feel overburdened and overworked, and this bill gives
the opportunity to draw a clear line about when the workday begins and ends. we have to make sure that our employees are not overworked, that they can spend time with their families, decompress, and go back to work the next day feeling refreshed and be able to perform at an optimal level. >> neil: what is so bad about a boss was saying out of to that report tomorrow? what is so wrong? >> i think it is easy to forget the impact that you have on an employee. there is a little bit of anxiety coming from that worker because they feel like they have to be on the clock, ready to perform. >> neil: that's the world, right? >> it is the world, but it doesn't need to be that way. >> neil: everyone is that way. they could be at a competitive disadvantage. >> europe has already done it. >> neil: i don't mention
europe appeared they take three hour coffee breaks. to go there was no digital communication. >> you are right. when people go on vacation -- >> neil: i am just wondering what it says about what activity, would it extend to coworkers reminding each other, texting each other about something that is coming up the next business day? what with the punishment be? >> we are drawing the line at the employer level. you can hear from your colleagues. this is a bill that will relieve that anxiety after a coworker leaves the workplace. if an employee is found guilty of harassing the staff after work hours, there will be a fine of $250 if it found guilty. >> neil: really? what is harassing? think about this, what if i am the boss and i say this appointment tomorrow has changed from a 10:00 at two 11:00. you walk in, you are there at
10:00 it, and there is a law against me telling you. >> the employee can still call the employee. they can call, email, text. it is up to the employee whether or not they want to respond. so it is more about relieving the anxiety. >> neil: is so you are saying they can still do all this. so the punishment kicks in if the employee has to respond. if you go if is or is requiredt to respond. >> neil: does not apply to bosses who call you up at 2:00 or 3:00 in the middle of the night? i do that to my employees. >> it is for guys like you, nei neil. >> neil: councilman, seriously, it is a sincere point of debate. i appreciate you coming on it. so it don't respond.
all right, we are going to break. all right, the president is on his way to mar-a-lago. what happens this weekend? wha? i switched to geico and got more. more savings on car insurance? a-ha. and an award-winning mobile app. that is more. oh, there's more. mobile id cards, emergency roadside service... more technology. i can even add a new driver... ...right from her phone! geico. expect great savings and a whole lot more. doespeninsula trail?he you won't find that on a map. i'll take you there. take this left. if you listen real hard you can hear the whales. oop. you hear that? (vo) our subaru outback lets us see the world. sometimes in ways we never imagined.
>> neil: all right, and the president did not take questions when he left the white house. we are going to mar-a-lago florida where he will be for the weekend. we will be monitoring what he is doing. we will be live with our new show. but enough about me. her back to "the wall street journal" on these developments. this has been a crazy week for the president. of course, he is assigned to this $1.3 trillion spending measure. surprised at some folks when he tweeted about potentially vetoing it. he is frustrated because it's
sort of exposed a schism in the party, that republicans don't have any spending resolved. >> i think you hit the nail on n the head. he is very frustrated. he did go on to sign it. everyone's ahead is it spinning now. we saw the tweets that he wouldn't sign it, but he did. he is also really frustrated when it came to the russia prob probe. trump is frustrated. he wants to change his strategy, he doesn't think that his current strategy is working. he said of course he would love to meet and give an interview with special counsel mueller. so we have john bolton coming in, we have h.r. mcmaster leaving, there are a number of signs that the president is deeply frustrated with a number of different things, and the result is everyone's head is kind of spinning on a friday afternoon. >> neil: and the frustration, if you just want to get your own
team in there, we are told with this particular foreign policy team, it is kind of an in-your-face foreign policy style. others are looking at that, as we mentioned, saying oh, man, this is a new war room cabinet. what you think? >> i am hearing a lot of conflicting things, actually. we know that he agreed to potentially meet with kim jong un over in north korea, and has been giving us mixed messages over what he plans to do with the iran deal. so, some people are reading into it and saying it will have an impact on his decision. maybe he want to meet with kim jong un. maybe he will pull out of the deal, but as we have seen, the president likes to make his own move. he makes his own decisions. it is unclear if someone coming in will be able to influence him. the president it does what he wants to do. >> neil: he touched all self on the fallout from the tariffs. reading the markets for the time being, they say that it is about
a week. they don't like it. markets are not always right, for that matter, but for right now, they are not going his way. i clearly pointed out that they were a higher than when he first came into office. true enough. can you read into that, that the markets are now getting a sense that we are in for choppy waters here? that this is not short? >> this is the worst week since january 2016. i think the dow is down more than 1,000 points. the market doesn't like it, investors don't like it, the big fear is that there could be a trade war with china. and a china says hey, we will retaliate. we will get you right back. so the concern is that trade wars are never good. as the saying is that everybody loses and nobody wins. that is certainly a tough year. i think investors are also just looking at all of the uncertainty be on the tariffs. it was a very whirlwind week. i think generally people are
looking at the markets, and no one knows what to expect. >> neil: i agree with you there. the ways and means committee instrumental, he was famous for expressing concern that the benefits of those tax cuts could be wiped out with the cost of these tariffs. the consumers pay that in higher goods prices and all of that. he does think that cooler heads will prevail and that this won't be a big deal, but it would not take much to tip it into worrisome territory. >> absolutely, when the president came out, i believe it was two weeks ago, but it feels like we are living in a dog years right now. that scared a lot of people. sometimes he sees these threats as a bargaining chip to try to get what he wants. >> neil: doesn't have the desired effect? >> yeah, we have even heard from china that's they will be more fair to america, so sometimes it does work it, but what is unclear for everybody has health
people will react to the threats. will we escalate, or will people shrug it off and not do too much? >> neil: of course, heading to mar-a-lago. certainly did not telegraph any emotional distress onto this stuff. his numbers are up a little bit, even across the board. what do you think? >> he likes pretty happy right now, looks like he is ready for a weekend in florida. also we did not talk about this. he has a lot going on personally with these women coming forward and threatening to speak about their affairs with the presiden president. >> neil: about the whole other thing. >> walking up to that plane doesn't look like any of that happened this week. let's based on what my colleagues are reporting, the president is pretty frustrated. pretty furious. lashing out on twitter. >> neil: we will have more, right after this.
so i'm not happy unless my hands are dirty. between running a business and four kids, we're busy. auto insurance, homeowner's insurance, life insurance policies. knowing that usaa will always have my back... that's just one less thing you have to worry about. i couldn't imagine going anywhere else. they're like a friend of the family. we are the cochran family, and we'll be usaa members for life. save by bundling usaa home and auto insurance. get a quote today.
>> neil: the presidential departure en route to florida. what will he be doing this weekend? what will he be saying? always a surprise. we are live monitoring it this weekend. bye now. >> ♪ >> i am kimberly guilfoyle with geraldo rivera, lisa and greg gutfeld. it's 5 o'clock in new york city and this is "the five." >> ♪ >> a government shutdown has been averted. a new spending bill was signed but things were uncertain earlier when president trump said he would veto the measure because it didn't provide enough money for his border wall. he approved it but warned he will never sign legislation like this again. >> as a matter of national security i