>> bill: it's all about intellectual property. you think the trump team has a fighting chance on this because of the squeeze effect that's happening right now throughout china. >> china has a command economy. they push buttons and create things whether through printing money or bank loans or subsidize losing industries. sometimes you push the buttons and nothing happens. they have to be panicking over there. i think this is another sign they should come to the table because their economy is getting hammered and they will lose this -- they will suffer more damage. there will be collateral damage, we know that. they will suffer significantly more than america. the red flags are there and why our market is down today. we don't want their economy to crumble. we want fair access to it. >> julie: something the president campaigned on. tough on trade on china and he is following through. talks of a potential trade war. those talks alone are having a huge impact on our economy. >> they're having a huge impact.