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tv   Your World With Neil Cavuto  FOX News  May 9, 2019 1:00pm-2:00pm PDT

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online on demand whenever you wants it. the final bell is ringing on wall street. it's a down day. the dow was about more than 440 points at one point. well off session lows. the best in business coming up on "your world" with neil cavuto. >> neil: all right. this is it. we're at the brink. wore eight hours away from seeing whether the world's two greatest economic powers go to economic war. welcome. i'm neil cavuto. fox on top of probably the most important eight hours of this economic recovery's life if you think about it. at issue, if you think about this as well, is whether the two largest economic power houses can come to an agreement on trade. right now growing optimism by day's end that was given up as a lost caught has tornado into a sort of cause. let's take a look what is happening in washington d.c. right now outside the trade
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representatives office where a japanese delegation will meet with an american delegation to sword out the trade barriers. we got you covered, including a comeback in the dow that surprised a lot of people because the president said well a lot of things. first to john roberts and what they're hoping for. jacqui heinrich at macy's in new york city and larry glazer and heather zimeraga. john? >> an hour from now could be make or break negotiations between the united states and china. they begin about 400 yards from where i'm standing. the chinese delegation led by the vice premier who arrived at his hotel just a short time ago. the u.s. delegation led by robert lighthizer and steve mnuchin. president trump a short time ago revealed that the chinese had
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been dragging their feet on trade talks and reversing themselves on intellectual property and a strong legal frame work for enforcement. when the threatenened to begin raising t raising the tariffs, talks got back in hide gear. let's len. >> i did get a letter from president xi. they renegotiated the deal. they took -- whether it's intellectual property theft, they took many parts and renegotiated. you can't do that. we're the piggy bank that everybody steals from. we've been paying china $500 billion a year for many, many years. china rebuilt their country because of us. they couldn't have done what they're doing. they're building a ship every three weeks. they're building aircraft like you have never seen. we're not going to be taken
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advantage of anymore. we're not going to pay china $500 billion a year. so we put very heavy tariffs on china as of friday and we put them on also eight months ago. >> you get the idea that the president is serious about holding china's feet to the fire, then you're thinking along the lines that he is. the president was only half joking when he suggested earlier this week that the chinese delegation might be balking in hopes that they may be negotiating with president joe biden in 2021 instead of president trump earlier this year before the mueller report where you heard the chinese were waiting to see if president trump would even be around. now if they don't get a deal by midnight, tariffs on $200 billion of chinese goods go up from 10% to 25% and likely be the opening shot in what could be a massive trade war. the chinese have threatened to
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retaliate. neil? >> neil: thanks. let's go to jacqui heinrich in new york at macy's and whether shoppers are getting nervous. jacqui? >> the existing tariffs targets that were purchased by manufacturers. the new tariff target goods that are brought directly by consumers and could have a new set of consequences for american shoppers and for stores. if the president follows through with his threat tomorrow,he will raise existing tariffs on $200 billion of imports to 25% up from 10%. that will be followed by 25% tariffs on $325 billion worth of goods. the new tariffs target items that shoppers purchased like handbags, electronics, iphones and computers. textiles and clothing, furniture, luggage, bed sheets, cosmetics and purchase forms. 40% of consumer goods have not been impacted by the tariffs,
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this could change that. here's what shoppers are saying. >> i'm going to be paying more. >> if it happens, i'm going to see cut back more. >> we have to trust trump will do the right thing. he's using it's as a negotiating tactic. >> overall, if it would help, i'd be okay. i would stop spending as much. >> relax and let it play it. it will be fine. >> some of the biggest importers are target, walmart and macy's. smaller stores could see an impact. big retailers have been buying bulk orders worrying the tariffs could escalate. mom and pop stores don't have an ability to do that. a 25% tariff could affect a family of four by $767 a year in
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costs. the deadline for negotiation is midnight. neil? >> neil: thanks very much. as jacqui pointed out, $200 million of goods with 25% types and you might be able to dodge the bullet if they're only 10% tariffs because a lot of businesses will absorb that before passing it on to you. getting to 25% is easier said than done. the impact could be enormous for both countries so the pressure to make a deal is enormous. if question is if they do get a deal, can you make sure that the chinese honor it? gordon chang says don't count on it. so gordon, you have your doubts even if we get to that point, right? >> certainly. president xi is under a lot of pressure in china. i'm not so sure he's in control. he had to retract the
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commitments he already made. his idea is a state-dominated economy. he wants to steal u.s. intellectual property for his made in china 2025 initiative. yeah, they can sign on the dotted line but they won't honor it. they have not honored prior deals. why do we think signing up another one will remedy this problem of failed trade agreements in the past? >> neil: they haven't dealt with a president like this one in the past. maybe they didn't expect the response that he would get to their reneging on some prior agreed points. but they know now. so what do you think happens today in these next hours? >> i think the vice premier rolls into the oval office and says this. please do not increase the tariffs. xi jinping is under trouble at home and he needs time in order to tame elements -- >> neil: and the president won't grant him time.
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>> i hope there's no way. the chinese have used this trick for decades and most of the time it works. i don't think it will work with president trump. you know, we're going to find out at 12:01 tomorrow. >> what is interesting about these particular next wave of tariffs, they're direct. they're on products that come in from furniture, clothing, handbags. orange juice, a lot of paper products. shampoo, deodorant which could have enormous implications. leaving that aside, is it your sense, gordon, this escalates beyond what either country envisions? you get past the point of go. >> yeah, i do think that will be the case even if there is a trade agreement. because the deal won't hold and we're going to see recriminations on both sides. china right now, you have the national narrative about is this 1840 again. in other words, talking about unequal treaties about the way
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the united states is disadvantaging and prejudicing china. so this is not going in a good direction for either side. this means it's going to get ugly. as i said, even if they can come to some terms in the next few weeks or next few months. >> neil: thank you. gorden change. the expect on all things china. let's get the market read on this from heather, larry glazer. let's show you where the dow is. looks bad. down 138 points. it had been worse, about three times as worse before the president started speaking and talking about the beautiful letter from xi jinping, the president of china. it was interpreted as a sign that cooler heads will prevail. i've heard that before. what do you think? >> yeah, i think that is a positive sign for the markets. the markets took it as such. that's why we closed down on the day. very much off the lows. i think the president's tweets are market moving so if we get any positive news before the 12:01 deadline when they sit
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down at 5:00, the chinese vice premier and president trump on trade negotiations, the markets can recover what they lost today. >> neil: this would be a phase of tariffs that if they go into effect, larry, that would have a direct impact on consumers. there's no way you can avoid the sort of sur tax that would be on a host of items. in the past, they have affected u.s. businesses with operations in china and working with their china wholesalers and distributors, they have ate the costs. 25% is another matter. hundreds of billions of dollars of goods another matter. then what? >> neil, this is what it's like to play chicken in the high speed lane of a highway with a 18 wheeler coming at you. there's going to be pain on both sides. for consumers, who is prepared to pay 25% more for the smiling amazon box that is delivered to our home? who among us is prepared to pay up to $2,000 more for our
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household to buy the goods that we rely on that we import from china? what business is prepared to absorb that? no business. businesses that export to china like apple, qualcomm and micron and wynn resorts, they will feel it and it will hit our 401(k) plans. we're going to feel it as consumers. that's inflagran -- inflation. this is single most important issue, not of the year, not of the election cycle but for an entire generation. we have to get this right. >> neil: thank you both. sorry with the breaking news developments. want to pass that the china delegation including vice premier, the second most power official in china will be meeting with the president. they will be having dinner we're told as well, the delegation will with their american counter parts, this is a last dash grab at avoiding problems here. if tariffs go into effect and i
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cannot repeat enough, the governments don't pay them, you do. businesses that sell stuff do. in the past, they have gotten that stuff to eat the costs. they can't absorb these. so this will impact you, not your government. more on this and the former dow chemical ceo says more than dow chemical and fortune 500 companies are on the line. we all are.
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with an engaging new experience... ...ancestrydna can help her uncover her history... ...to tell a story as unique as she is. order a kit for mom (or dad) at ancestry.com >> neil: all right. this is a fox news alert. to the left of the screen, outside willard hotel. that's where the chinese delegation is staying. 100 strong, we're told, including vice premier. on the right side, the u.s. trade representative's office where they're headed to cobble together something or get back on track, trade talks that are now dividing the two largest economic powers on the planet. there's a lot at stake here. if they don't make much progress or they don't move at all,
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indications are pretty strong here that at 12:01 a.m. or a little less than eight hours from now, $200 million worth of tariffs on a variety of chinese goods goes into effect. they'll be steep. 25% tariff on goods, thousands of them, that will lift the price of the underlying goods. some will be passed along to you. it's fair to say that at this level, most will be passed to you. former dow chemical ceo is here on these developments. do you think it will come to that, andrew? >> it may. i will tell you that tariffs are a blunt instrument, neil. the long game here that we all have to digest in this moment of dealing is we're trying to get
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an equilibrium. these two economies will compete for the rest of the century on the long game. we're just going to elevate out of this moment, ignore the ticker under the screen there and just say and if the consumer does get some pain in the pocket, yes. be you know what? we're fighting for this century's jobs and an ecosystem where we have to rely on each other, this administration is doing what the chinese have done for three or four decades. >> neil: a very good point. a lot of people don't like tariffs but the chinese have been doing that to block competitors into their markets. the president is responding in kind because he says enough is enough. do you need to see from the president either an address to the nation to prepare americans for the likelihood that until a deal is reached, it's very likely they'll be facing higher
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prices in walmart and target and in the end it will be better for all of us just as you outlined? >> well, a lot of the goods that we buy today, want versus needs, consumption let us know who we are with all due respect to walmart and stores like walmart or amazon, on the online. you know, cheap is not good. lots is not great. if i'm losing my job because i can't actually get a job in the 21st century, maybe i should trade away the stuff that i can get cheapner walmart. we should ask americans to look at what the game is for them as citizens in a very, very high tech society with technology and services are the jobs of the future. that's not the conversation being had. if we can get away from the political rhetoric and look at what the businesses are saying, we need fairness from china and this administration is asking for fairness.
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>> neil: in your days running dow chemical, one of the largest companies on the planet, you had to deal with china. you know the difficulty of penetrating that market. you know the chinese want in on your business. it's not a solo affair. this administration and what they're trying to cobble together is trying to get access to companies like yours. do you expect that the chinese will deliver those open markets? >> i think with time they will. we've had have the xi jinping era. as reported on your show today, all is not well inside china. this switch that they wanted from a state-driven economy from soes is not happening at the pace he needed it to happen. environmental protection, food safety, all the things that matter to chinese citizens.
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the high tech world that they wish to be in for all of their citizens is something that they haven't been able to deliver on. they need a partnership with america to deliver. >> neil: i know what they need, andrew. you're right on all the stuff. but you know, they have ways of snookering us. they snookered prior u.s. presidents, both parties. now we have to have a economic version of trust but verify. they can warm out of stuff. how do we make sure that they don't? >> wall, i start -- i end where i started. we need a president willing to play the long game. we have one with this president. he's not from washington. he's not looking at compromises of the washington kind. he's looking at ways to marry in this notion of access. i want access to your market fair. i want nontariff barriers removed. i want standards, environmental
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and i'm willing to take the short term pain for that. >> eloquently put. we'll see if that happens in washington. we'll take a peek at the two places that will be the epicenter of the economic universe right now. this is the willard hotel where the chinese delegation will be leaving shortly. the right, the u.s. trade representative's office, robert lighthizer is handling this. he's been very tough on the chinese. they made a lot of promises and then wiggled out of a couple of things we're told. he blew up, the president blew up. that's when the tariff talk started. they calmed down but the tariffs are going into effect. when that delegation leaves and what happens in that room on your right, we'll let you know. the fate of the economic powers of this country and world are now up for grabs. in the meantime, if that isn't enough to jar you, we have tensions heating up with iran
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>> neil: all right. we have china, north korea, oh, iran. tensions between the u.s. and iran certainly escalate. that's putting it mildly. our special representative brian hook with us right now. is this just a show of force or is there's something else afoot? >> it's a response to intelligence, various threat streams that we were receiving that iran was planning attacks against us and our partners. so the president decided to reposition some military assets
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so that we can defend against any attacks and also to put the iranian regime on notice that we will defend our interests in the gulf. >> neil: the timing of this was cracking down on iranian oil, making its way to a host of folks from china to even some european allies is not lost on people. is there a coincidence? >> it may be part of the larger story. secretary pompeo announced there's no more imports of iranian crude oil. we won't have waivers to any countries to import crude oil. this will eventually be a $50 billion hit that on the iranian government. this is the price that the regime is paying for behaving like an outlaw regime running an expansionist foreign policy that brought suffering to the middle east.
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>> shepard: the president criticized john kerry today. he said he violated the logan act and being out of power to those that are in power. john kerry shot back or his people did, essential a line that said the president was deflecting. what did you make of the back and forth? >> we have one secretary of state at a time. the purpose of the logan act is to ensure that there aren't any unauthorized negotiations going on with foreign governments. >> neil: do you have proof that that was in fact happening, that kerry said that no such thing was happening? the president said that he's meeting with iranian leadership. >> i'm not going to go beyond what the president said. we made it clear we're out of the iran deal. that puts in a better place to deter an i ran nuclear weapon.
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we're also going after iran's missile program, which you see it in lebanon, you see it from lebanon to syria. so we put in place a much stronger foreign policy to deter iranian aggression. we would like to get to a new and better deal with the regime to replace the existing deal. >> neil: all right. thank you very much, sir. speaking of all things defense, we are getting word that the president is going to formally nominate patrick shanahan, the acting defense secretary and former boeing executive i might point out the lead the defense department. we'll keep you posted on that. also keeping you posted on guess what? more trouble at the border. another 100,000 migrants apprehended in one month. the chief says it's got to stop. enough is enough. he's next. >> we cannot address this crisis by shifting more resources or
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>> neil: we have broken a record in seven months. what was the case all of last year. border patrol apprehensions topping 100,000, the second month in a row. april had the most in 12 years. we're only seven months in to this year. the u.s. border patrol chief, carla provost is here. thanks for being here. >> thanks for having me. >> neil: what is driving it? >> a lot of things. when it comes to the family units, that if you bring a child, you'll be released into the country. >> neil: so this move that was held by a judge to support the move to keep anyone that is trying to enter here in mexico until all of it is adjudicated, how will that change your job or will it? >> well, being able to send some
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of them back to mexico while they're waiting is helping. but the numbers are not sufficient for what we're apprehending. >> neil: so when you hear these cases, sporadic reports that they were someone else's kids, that they were being used as pawns in this. i don't know if there's anyway to ascertain that, but it made your job a mess. >> certainly has. we're seeing numerous cases. we've seen over 3,500 cases of fraud this year. it is a very sad situation when they are exploiting these children to get across. >> neil: the president has requested $4.5 billion in emergency aid that is needed. democrats have said, some that i talked to, as long as it's not for a wall. i don't think the administration has stressed that one way or the other. sounds like folks like you could use it at these centers. >> we certainly need the money. right now i'm having to use my
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operational budget to fund this humanitarian mission. at all costs, the humanitarian mission is having a negative impact on our national security. i'm pulling my men and women away, 40% of their time is being spend dealing with taking care of these families, processing the families. the border security mission, the mission that we were hired for, is suffering. >> neil: so if i'm trying to get into this country illegally, that's the magic pill right there. bring my whole family and get you side tracked dealing with that and there's your flood gate. >> it certainly is. i testified yesterday in front of congress asking them to act. we have to stop talking about it. we need action. we need a fix. we need to be able to detain families together throughout the immigration process. or the numbers are going to continue to increase. i expect we will surpass a half
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a million this weekend. >> neil: those are just off-the-chart numbers to your point, chief. i'm wondering now if the added element is this family issue and the separation of families earlier that it's just complicated things. you guys are trying to do everything by the book and be fair and decent to everyone. but it just seems like you're overwhelmed. amongst the ideas, giving you more personnel. would that make a difference? >> we certainly need more personnel. we need more resources across the board. we need a fix to this. border patrol can't do this alone. i need congress to act. i need them to take care of the situation when it comes to the flores settlement agreement, allow us to detain families together throughout the immigration process. we just cannot continue with these pull factors that are bringing the huge numbers to our country. >> but detain the families together, never separating them in mexico, not the united states. >> even if we could detain them
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in the united states, that would help. i can tell you, my partners at ice need the beds to be able to hold these individuals as well. >> neil: others have suggested hire judges to deal with this, to get the process going or administrators that can just deal with the sheer volume and paperwork involved. >> we definitely need the judges. there's no way to get through the entire process in the 20 days that we're allowed to detain families. we need congress to do something to change that. >> neil: seems that you have a crisis at the border. you have an emergency at the border. the president and a lot of people were criticized for stating that. sounds like you agree with that. >> i do unequivocally agree. it's only getting worse. not only are we seeing a rise in the family groups coming across and the unaccompanied children, we're up 23% this year with single adults crossing the border, too.
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we must maintain the ability to deliver a consequence to that group or those numbers will sky rocket. >> neil: well-put, chief. that's not a right or left thing, a human decency thing. see what happens. thanks for your hard work and all of your people. it's not easy. i can understand getting caught in the middle of this. chief carla provost, the u.s. border patrol chief. back to washington d.c. we're waiting to hear from the chinese delegation. this is it. we're less than eight hours away from deciding the fade of the economic recovery that accelerates to hundreds of billions of goods by upwards of 25% tariffs. you get the drill. with the chinese planning to respond in kind, the tit for tat could go way beyond what either side intended. what they're hoping to do once they leave this hotel, get to the u.s. trade representative's office, get the talks back on
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>> i'm very proud of the work of our committees and our chairman. they are patriotically or politically anyway going forward. following the subpoenas and when they're ignored perhaps contempt. >> neil: all right. so feeling fine about going
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after the present attorney general of the united states. but my skull is a little thick but i do remember just the opposite sentiment when it was republicans going after the prior attorney general back in the obama administration, eric holder. let's go back in time. >> they have decided to go after this attorney general. after him, who is next? >> they have not found any evidence that this attorney general was hiding anything. >> we're here in this court yard to say to our republican colleagues shame on you. shame on you. >> neil: and i heard a bunch of republicans saying to their democratic counter parts, shame on you. the independent women's forum is here, we have judy kurtz here and scott levins. so shame on you, scott.
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i'm kidding. where does this go, the back and forth? it just seems like professional wrestling. >> i have to tell you, in the last 24 hours, we have seen a rubicon. marco rubio has to be noted. you have to hand it to him for being a patriot. >> neil: what are you talking about? >> when he asked for his resignation. he broke party lines. >> there were democrats that asked eric holder to be a little more forthcoming. there's not a u.s. senator from the republican party calling for a sitting attorney general's resignation. >> neil: judy, i understand what initiated this. it may be how the attorney general after his six-hour brow beating at the hands of tough questions on the senate, he hopped over to the judiciary committee, whatever his doubts
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about being scrutinized by a separate counsel, they probably would not have taken the action they did. this is because, you know, he wasn't forthcoming with getting the full unredacted mueller report out. when it comes to obstruction, 98% is out there. what is this? >> there's no real down side for democrats to be jumping up and calling this a crisis that excites their liberal base, gets the base going, gets them moving. i think -- >> neil: so are people in washington buying the jerry nadler line that it is a constitutional crisis? >> some feel that it is a constitutional crisis. some just act like it's a crisis even if they don't feel that way. >> neil: what do you think of that? >> i don't think this is a constitutional crisis, this is exactly how the separation of powers is supposed to work. we're supposed to see the branches wrestling with each other. so i totally reject that notion
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of a constitutional crisis, especially from a party that has been delegating the power for the last century to the administration. >> neil: but a constitutional crisis -- i'm not a lawyer but i took to a good men and i watch a lot of legal shows. i think i'm qualified. if richard nixon had ignored the supreme court and say hand over your tapes, that would have been a constitutional crisis. it's when you ignore a court -- you can do -- >> but when the attorney general is held in contempt -- >> neil: if it's taken to a court, judge, panel, whatever, and goes to the supreme court, you ignore that, then you have problems. then you have a constitutional crisis. are they fanning the flames? >> i looked up the actual definition of crisis on the way here. certainly fits this intent to find -- >> neil: constitutional crisis is -- >> we can sit here -- >> neil: the definition i have is yelling fire in a crowded
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theater. >> that is not the constitutional crisis -- >> neil: you don't think that's what they're doing? >> i think we're going through the stages of what the constitution has laid out. you have to hand it to nancy pelosi -- >> neil: let's say he wasn't forthcoming. the report is out. 98% of it. doesn't it seems like crazy town? >> i think do think what is interesting at the same time we're seeing there's no down side to the democrats pursuing this. we hear the president saying that he welcomes it. >> neil: just to clarify. i thought this was the case. he was asking, marco rubio to resign. he was not saying this about the attorney general of the united states. rubio was talking about eric holder at the time, not this present attorney general. >> last night -- >> neil: no. he was referring to -- check me. i think i'm right.
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>> neil: i thought he called for -- >> just -- >> neil: you are right for one thing. the senate intelligence committee wants to talk to donald trump jr. you might have mistaken that. >> and you mentioned yelling fire in a crowded theater. democrats are pulling the fire alarm, calling it a crisis. the fire has not reached that point of a constitutional crisis. >> neil: is it a legitimate issue to have a crisis? when they came with the report, all right. you want the unredacted version. it's weird that jerry nadler that didn't want the full ken starr report out, weird. i get it. i know politics. works both ways. seems like you're creating a mountain out of a molehill. am i missing something? >> this attorney general has been very forthcoming. he didn't have to release any of this. he could have released a statement. he didn't have to release the
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entire report. >> he completely misled the american people according to bob mueller. that -- that in conjunction -- >> neil: can you hold someone in contempt for that? >> that in conjunction with the president's attempts to derail this investigation. seems to require the congress to act. >> they're acting specifically. they say because of the redactions in this case. the redactions in this case are minimal -- >> neil: what are we hide something if neil is right, 98% has come public already, what are we hiding? >> because those pieces of the report are grand jury material. that's what barr -- >> neil: i want to explain because you raised the rubio thing. a lot of people have seized on his remarks in 2012 when he made the case for eric holder to resign, that if he was so insistent, he should say the same about this attorney
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general. that's what you were getting at. marco rubio, what he said about that attorney general is not applying to it the present attorney general. just so we're clear. >> thanks for that. >> neil: thank you guys very much. sorry to interrupt there. let's take a peek what's going on in washington right now. the delegation, they arrived at the -- steve mnuchin, the trade secretary has, robert lighthizer, larry kudlow, the entire economic team. they're going to three to thrash something out in the next seven hours. we don't know whether any progress will be deemed enough to ward off better than $200 million of chinese goods getting slapped with a 25% tariff. that's the hope for a lot of people just saying please, please, don't let this happen. the indications are right now is that it will one minute after midnight. stay with us. if you have moderate to severe psoriasis, little things can be a big deal.
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>> neil: this is outside the willard hotel, the chinese delegation is leaving. a lot of you are having a field day with this. someone saying neil, calm down, it's not the oscars. to me it is. take a chill pill. and these are our go-to -- oh, my god! there's the chinese delegation! they're going to go to the u.s. trade representatives. that could be the vice premier. we don't know. we have ed lawrence. at stake here, it's not who gets the academy award but whether this global economy can avoid a slow down. edward? >> neil, we have enough security as if we were at the oscars. take a look at the things going on right now. the secret service is getting
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cars ready for their arrival. the key is to watch the dynamic when they walk in. the last time the vice premier was here, he was all smiles and showed a rare show of emotion. fast forward a few weeks. u.s. trade representatives say the chinese have reneged on the concessions here. that was all on the president's mind today. just listen. >> the vice premier is coming today. we were getting close to a deal and started to renegotiate it. we can't have that. president trump says if they are going to start the tariffs on friday on $200 billion of chinese good going from 10% to 25%. he said they'll start everything else that china is importing to the united states, 25% tariffs. that paperwork is starting now. the chinese trying in the next seven hours to delay the tariffs. they don't want to see them go
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into place. we're talking inflatable rafts to saw the berries to parking meters. 6,000 items. we're waiting for the vice premier to come in any minute this time. the administration preparing the paperwork as i said. the chinese said they will retailate. the issue is, that they have put tariffs on everything we import to china anyway. neil, again, waiting any minute for the chinese vice premier to come down the street. security is tight here. back to you. >> neil: watch it closely. i notice they're in escalades, which apparently are popular this china, if you can get them in there. thank you. let's go to david hunt. the thing about the colonel, he was equating the military and economic u.s. says of china as handed to him developments. here they are on both counts, colon colonel, what is at stake? >> thanks for remembering.
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the chinese military and intelligence service own private businesses. billions of dollars of private business. so they are absolutely influencing what is happening between us and the u.s. the issue is that the chinese military leadership will lose money. so i'm not so sure the chinese are willing to jump off a cliff because the chinese military and the intelligence services will have a lot to say about this. >> colonel, what i wonder about, who is in need of a deal more? they, the chinese, we're told, reneged on earlier promises because they thought, if we're to believe press reports that our president was getting nervous and can concerned about the pace of our recovery and needs a deal more. so they waited him out. who do you think needs this more? >> from a securities standpoint, the chinese for sure. they're not a strong economy. our economy is world class right
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now. we can afford a slow down a lot more than china. again, the pressure of the chinese military and intelligence services on these negotiations are very, very important to look at. not a lot of attention is paid because they're behind the scenes. china is in a weaker position than we are. >> neil: colonel, if we got them to behave economically and have a fair and open trade relationship, could we apply the same to them militarizing all of these ideas in the south china sea? >> that will take direct confrontation. they have built those islands for obvious reasons that you said. no one has touched them. so they have -- you can't fly over those things. they controlled it, the area and sea over there. i don't see them giving that up without a confrontation, which is a serious effort on mostly
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our part. >> neil: in prior administrations dealing with the chinese, they cheat, they lie. they don't do what they say they're going to do colonel, if you were president, which is a scary thought, how would you make sure they do? >> it's an intel thing. we have to be willing to pick up and leave the table. and look, trump is the only president that could have gone to north korea and the only guy that can confront. nixon was the only one to china. this administration has been willing to put a stick in the eye hoff the chinese. none of them have in the past. i would not bet against us in this. >> neil: i would not bet against your sentiment. david hunt as well, this is outside the u.s. trade representative's office. i don't need sneedy lines from you saying i'm obsessed with
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this but i do wonder what they're wearing. it's off-season, right? it's may. anyway, we're watching that. see if they can come to some sort of progress on talks that will avoid terrorists kicking tonight. here's "the five." the drama builds. >> hello. i'm jesse waters with emily, dana and greg, juan. this is "the five." democrats in the media are in full meltdown mode after the house judiciary committee voted to hold bill barr in contempt. they're furious that barr won't break the law and hand over an unredacted version of the mueller report. so now democrats are talking about it, talk about collusion. >> ever wonder what a constitutional crisis looks like?

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