retaliatory action by china. once you get into the nitty-gritty with donald trump even on economics where he's supposedly strong, i think he very quickly shows he has a lot to learn. >> this as china is trying to make their products cheaper than american. >> i think also, look, ed made a point about donald trump spending money. i'm in the same business. our business is all about levera leverage. other people's money. i cannot imagine donald trump spending $200 million to fight off what's coming his way to get through the nominating process or 100 million or 50 million. >> he says he's willing to spend a billion. >> i couldn't ever comprehend that under any circumstance. he will not spend anywhere remotely resembling $50 million. >> i think i agree with you.