The chinese pilots have been connected to movie set. The list goes on. He called for the government. Two him or chinese piracy. Whether they will finally get hollywood a better ending. Two of the worlds top experts on trade embargoes have dangers with the trade where its all coming up next. It comes hours after the president public late piled them criminal in thugs. The massive criticism. We are hardly strong enough. They look beyond the rhetoric. And tell us how they interpreted. They bounce back following the losses. Happy monday everybody. We do have some breaking news here. We are awaiting the president. He will get tough for china. A memorandum that indicates we are ready for a pro. How badly china has been ripping off all of our businesses. Were told 3 00 p. M. Eastern. As soon as we know you will know. Once again they may have to keep them in the door just a little bit longer because it is not quite there. Its been fighting to stay above the critical line right now. We are still up hundred 19 points. We were above it. Up hundred 60 points. As investors pour their money back into riskier assets. Away from gold, back into the dollar and equities. Stocks are on track for the biggest gain. Also treasuries. Trading lower. The nasdaq got hammered last week. Its up 75 points. A Chinese Car Company has made at least one bid to buy fiat this month. They slammed the brakes. Your offer is way too small. Look at it right now. It is skyrocketing. Still volume is about 9. 7 million shares. We are pulling our movies from netflix. They are striking back. They have the creator of the hit series scandal. If you know anything about that shonda rimes is a goddess. For them to have one of the biggest tv hit makers. There are analysts who believe as it is down about three quarters of a that it will hurt them that disney has pulled right now does it is also down in just two thirds of a . To the white house. President trump is about to appear at any moment now in a diplomatic reception room. He will sign the memorandum which in essence i put into easier words for you its a probe that will look into chinas laws, policies basically not there. In actions as it relates to intellectual property theft. Then the probe may will allow the president to move forward and say we are going to do trade tariffs. This follows chinas decision to follow the economic position. Over its nuclear threat. But it is really pushed it to that. Then i said we are with you the 15 countries of the Security Council and cutting off imports of north korea, coal iron ore and other goods the that implement a new package of sanctions. The President Trump who is walking in right now. As a condition of the Market Access we will enforce the rules of fair and reciprocal trade that form the foundation of responsible commerce and we will protect protect forgotten americans who have been behind my global trade system that has failed to look out for their interest. This is what i promised to do as a candidate for this office and this is what im doing right now as a president. Ambassador lighthouse you are empowered to consider all available options at your disposal. We will safeguard the copyrights, trade secrets and other intellectual property. That is so vital to our security into our prosperity. We will uphold our values and we will defend our workers. We will protect the innovations and creations that power our magnificent country. Thank you and god bless america. A very big move. Thank you. Now empowering the top trigger at the white house. To look into exactly what they had been stealing the trademarks the copyrights. Intellectual property. Anybody that is in a global business. He understands exactly what he is talking about. As he signs this gives them the power to use all means available and possible to dig in and find out the real truth about just what china has been soon. They will type it is so hard to protect their ideas and their products in their pieces of manufacturing equipment. We have talked about the u. S. Crane company that would have the intellectual property stolen. Lets listen in. We just had a press conference. A giveandtake right there. With the press. Who wondered why it was called a press conference. It is a little bit of a different one. That indicates that the press will be able to ask questions afterwards he was not going to someone from a network that he did not like he called them fake news and walked out. Lets get back to exactly what the trade indication might do this is how much Corporate America is suffering from intellectual property theft every year. 600billion a plus. This according to the National Bureau of asian research. One well that inquiry help crackdown on chinas ability to distill that from u. S. Companies and if it does what kind of Economic Impact could china eventually see. Lets break and the efforts. These are world experts. And at the top experts one of the top experts. The world power lessons from American Foreign policy. Welcome to you both ambassador im going to begin with you. What power do you think it gives the trade and do you think it will lead to an outright investigation into chinas bootlegging of the intellectual property. The problem is real and is not new. The president s statement was brief and to the point. It has to be more of a fulfilling that promise. Taking action on these things would be very different than investigating them. We know the evidence is there they been stealing our intellectual property for a number of years. The real issue would be what options will the United StatesUnited States have to take action either through tariffs or the wto. Should choose to respond. When you talk about the ends justify the means. And maybe to push china on trade. They stand on our side and really handle them. Might there be a trade war or make it work best against us. It is a prudent step. This really triggers an investigation. Against that present some investigation. I think he was careful again not to overdo it in this particular press conference but he knows he is going to need china to push the north koreans. I think it sets the stage for some leverage for them. Using trade as a weapon. That is what they are for it to get people to either bend or they want and this is your expertise. What do you think eventually comes to pass here with the china could you say this is really all about north korea. As ambassador holliday pointed out. This is a problem that goes back decades. Have a huge acceleration in the 2000s. It cuts to the court of american interests. The prosperity hinges on a Vital Academy which hinges on innovation. There is a core of court vital interest. We have to take it on while we also take on or core there dash make other court vital interest. It is a simultaneous action. So far nothing we have said or done has curtailed chinas acquisition. Here is why i say yes. China has never taken as us seriously on this. We have to not only invest it as they pointed out. The proof is overwhelming. So the outcome is that not a question. The point is how we can engage china and what might be termed normal relations. This includes sanctioning. Companies have taken on china and in some cases one. Companies that had one piracy cases in china. So we think you both very much for your expertise thank you so much. And speed of hollywood can you guess what is the most pirated movie of all time. They hold that honor. It has 30 million illegal downloads. Also on that list 20th century fox. The former ceo has been screaming about this for years. What does he make of all this now. Good to hear from you bob. It is a pleasure to hear from you. Tell us what you make of this. Are you finally relieved or do you feel like its not enough. You have to be happy that someone is only taking a stand here. As been going on for a long time. Its very complicated though. In 2004 when we merged with the universal the counterfeit products were 8 of the growth of National Product china. You have to recognize that china is a member of that wto from 2001 they signed all of the International Agreements on trade and they have literally agreed to all of these things. The enforcement issue when you are sitting there with eight to 10 of your Growth National product in it. As i can be easy to dump it. They are going to be there with a heart issue. I think it should be molded and for a grand bargain with the north korean issue. Maybe we can make some progress. When you are universal and i remember this because i was there i was working for you. I remember you appearing in relation to a trade conference in a global conference on piracy. You came out swinging about this. Some people are saying there are a lot of other bigger issues to talk about. You are way ahead of all of this. It was downloaded stolen 19 million times. That affects the greater economy also. We got hit with the gladiator before that. In the fast and furious that is where the programs began in the hit as on that one. Six and seven got hit hard in china. Do you remember ever being threatened and ask for ramps and ransom. They have gotten into disney movies. And said pay a ransom or we will release it before the actual release of these things. Were you ever threatened with that. But we always have difficulty getting distribution in china. It is sort of a minor ransom. You have to make sure that the distribution profits in china and who knows where that many went. You were the original piracy fighter. I dont remember anybody else that grew up in movie town usa. Microsoft was a big sponsor. Hopefully we have the government on our side now. Bob wright former nbc chair. Right now we have the dow up hundred 32 points. The treasury yields are up. At least for a moment. We are coming right back. Dont let dust and allergens get between you and lifes beautiful moments. Flonase outperforms the 1 nondrowsy allergy pill. It helps block 6 key inflammatory substances that cause symptoms. Pills block one and 6 is greater than 1. Flonase changes everything. Nausea, heartburn, when indigestion, upset stomach, diarrhea nausea, heartburn, indigestion, upset stomach, diarrhea heres pepto bismol ah. Nausea, heartburn, indigestion, upset stomach, diarrhea. We asked people to write down the things they love to do most on these balloons. Travel with my daughter. Roller derby. Now give up half of em. Do i have to . 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The best day. The big names like goldman. They are charging higher as President Trump gets closer to chipping away at the rules that govern the trading desk. And bank of america up to one half percent. The wall street journal is reporting that it setting the stage for a wave of easing of regulations that have been on the banking industrys wish list for years including things like limiting the wall street bonuses. Stress test. So what does that mean for the financial landscape in the stocks you may own. Lets get right to the floor show. Do you pour into financials right now. Its good to see them bounce back and lets just hope that they dont deregulate them too much. Thats better for the bottom line for the banks. As you know the heartbeat of a rally its probably a healthier sign. We will see if todays gap upholds and in the days of moving forward because as of now you have a reflex rally. We came off about 15 handles in the s p. Now we just bounce right back to that. If we hold tight to be it resumes. Well had to see more data to see if you could buy higher than just in the hole. We dont want to be snobs like the other business networks. So when i say risk on. That means that the flight to safety things. They are not the hot trade of the day. Besides financials if the gold is going down and we know that the dollar is strengthening at least against the end. I think right now when you look at the gold trade we did see a modest pullback but certainly we did see a reversal of the big move treasuries we saw the same thing. They are telling you that while the weekend risk may be gone. The greater risk might be ahead. We have some earnings out this week. Likewise the fed where had they been. What is under the hood. I think that could turn the tide here. When its good to be on the sidelines for the rest of the year. It will open up a lot of opportunity for buyers in those markets. Its down about two and two thirds percent. And all i really think about aside from libya going back on online which is always an excuse here. Is that last week we saw a huge draw in oil meaning they are just a pullback. What do you think about the action today and is that a place where people can find a haven and a cheap price right now. There used to be a time when it was an oil pole but that hasnt been true for a few years now. I do see that break even prices are around 45. Some people think its 50. Every time you get oil you get above 50. I think we are stuck in this channel. They will go down and they will stop producing. I think we are stuck in this channel. I think it comes back to 45 again. And i think they know that the u. S. Is a swing producer and the inventory will have that. It is rather interesting to see. Its in the aftermarket session. I do want to see say that i like it cozy. Good to see all of you guys. We love all of our traders. We like that. Its up hundred 39 points. When we come back we are going to look at much more honest and we will talk about what psychological effects they will have. Intelligence. Its a supercomputer. With this grade of protection. Its a fortress. And with this standard of luxury. Its an oasis. The 2017 eclass. Its everything you need it to be. And more. Lease the e300 for 569 a month at your local mercedesbenz dealer. Mercedesbenz. The best or nothing. With some big news about type 2 diabetes. You have type 2 diabetes, right . Yes. So let me ask you this. How does diabetes affect your heart . It doesnt, does it . Actually, it does. Type 2 diabetes can make you twice as likely to die from a cardiovascular event, like a heart attack or stroke. And with Heart Disease, your risk is even higher. You didnt know that. No. Yeah. But, wait, theres good news for adults who have type 2 diabetes and Heart Disease. Jardiance is the only type 2 diabetes pill with a lifesaving cardiovascular benefit. 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They will tell us how safe the rail way system is. I dont know how they would protect millions of miles of rail. Telus. It is just like this. Subject to tampering. And in that addition. Its a 17th edition that you correctly portray there. A very glossy magazine. There is a howto in it about how to derail trains. There is a means that the railroad uses to derail trains. Theyre gonna put something on the track to derail it. They actually show you how to make a homemade derailer. It would take the train off of the track. Just one of the means in there. That they can use to disrupt that. And to strike fear into the hearts of commuters as well as the freight industry. A quote from the article now. One of the passages says it is time that we instill fear and make them impose strict security measures to trains as i did with their air transportation. It is just incredible when you look at it its a vanity fair or gq. It talks about how to terrorize and how to kill and blow things up. Its pretty amazing. That is a real hit to animals. They are worse than that. The closing bell 28 minutes away. We do have the dow jones industrial. Just 40 points away from the highs of the session. Lets see if we can see the 22 handled by the end of this hour. They rocked Charlottesville Virginia over the weekend. He gets criticized for not condemning white support mias. They react to the rhetoric. In the newest response next countdown. I needed something more to help control my type 2 diabetes. My a1c wasnt were it needed to be. So i liked when my doctor told me that i may reach my blood sugar and a1c goals by activating whats within me with onceweekly trulicity. Trulicity is not insulin. It helps activate my body to do what its suppose to do, release its own insulin. I take it once a week, and it works 24 7. It comes in an easytouse pen and i may even lose a little weight. 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Onceweekly trulicity may help me reach my blood sugar goals. With trulicity, i click to activate whats within me. If you want help improving your a1c and blood sugar, activate your within. Ask your doctor about onceweekly trulicity. Racism is evil and those who cause violence and its name are criminals and thugs. Including the kkk, neonazis white supremacist and other hate groups that are repugnant to everything we hold dear as americans. President President Trump again today addressing the violence and death in charlottesville, virginia over the weekend. They ended up in Serious Violence and has left the nation utterly stunned in many cases heartbroken. Three dead young woman and to a state Police Officers from the state of virginia. Thirtyfour others injured. One of the white supremacist rammed his car into a crowd of protesters and as when the young woman was killed and then the Police Helicopter which have been hovering over the scene and sending back in town to headquarters it crashed. The president has been hit with a mountain of criticism from both sides of the aisle when he began with his initial response that simply said we condemn the violence on many sides that now the Business Community is reacting. Merck ceo resigned from the president s American Manufacturing council as the apple ceo said condemning White Supremacy also a member of the manufacturing committee. It finally did today. Now the chief of this committee is condemning the violence seen this weekend in Charlottesville Virginia. The democratic strategist. In the republican strategists. Ron, i will begin with you. His first reaction did not sit well with people on both sides of the aisle many republicans even his best buds like Krista Christie were not happy with it. They said it was not real focus on who was at fault here. His Second Time Around i think that Second Time Around he said the right things. I look at this and say is this your heart. Or did your staff tell you to go out there and say these things to put this controversy behind you. I was in the Fox News Channel on saturday night and i said the president should address at the nation. He should confront what this is an unequivocal terms racism, hatred for what it is. And the fact that it didnt do. It took him 40 hours was i just dont know whether or not he feels like he said and whether it is coming from the heart. They are all around the nation and they were very upset about it. This was tweeted today. The former michigan congressman and the democrat on saturday did it tweet this and we can show it to you. I signed up to fight nazis at 73 years ago and i will do it again if i have to. They should have no place in this country. Richard goodstein. To rons point there are some people that said he said thats good. Is there any value to that at all or is it sort of general care kelly may have pushed him to say. Im not sure who is surprised that his initial reaction which i think that is the one that came from the gut. Given the fact that he couldnt bring himself to criticize him during the campaign. He re tweeted it. They believe that blacks and jews are unwelcome in this country. We would be out. If they have their way. So this is reprehensible and to say if you do criminal acts that is not exactly setting the bar very high especially given to what he said during the campaign. I heard from somebody that said that was not good enough. In fact it was a message to the right white supremacist. Im not sure if that is a Fair Assessment but your africanamerican im jewish. They were yelling on friday night at the university of virginia campus cant replace us. His grandchildren our jewish. Thats what people dont understand. Why cant it be got right the first time around. They have ascended descendent upon a college town. To say these things into articulate these visions and these hatred things. I would been so hacked off if this were a situation where i was the president of the nine states. There is no place for this. There is no time for this. Is not really a primary choice here. It is extremely pressing right now. It appears that things have settled down a little bit possibly because two of the president s cabinet members they put an opt in the wall street journal yesterday and they outlined these points. They have no interest in regime change. We do not seek a treat. Does the diplomacy trump that. It is probably calming the market. Towards north korea. Lets assume that we did something that worked. Who is in control north korea. How do you think the chinese would feel. What if we head at the chinese the chinese controlling the baja peninsula. These outcomes are unattainable. Good for the diplomats to kind of layout and reassure people but the fact is putting aside the blustery talk once you get down to the reality the notion of military action frankly just doesnt seem right. Thank you for your perspective both different and both important. The closing bell is 16 minutes away. A points away from 202000 now. We still have a few minutes to go here after months of playing hardball for the Miami Marlins derek jeter is he closer and closer to a dream of becoming a major franchise owner. You might not want to hang up the old cleats just yet. Might as well into extra innings. School. The kids after school, they are alone and they have nowhere to go and we tried to solve that problem by having this wonderful place where they can be children. Wtef is the washington tennis and education foundation. We help the kids with their academics, and we teach them tennis. We have retired teachers doing the tutoring and theyre here every day. Wtef is the sole beneficiary of the citi open® tournament. Since citi® has become the sponsor of this tournament, citi® has helped us raise more funds. That means we are able to serve more children. Im so proud of the fact that 100 of the students in wtef graduate from high school. These kids are keeping the ball inside the lines. Inside the lines. Track your pack. Set a curfew, or two. Make dinnertime device free. [ music stops ] [ music plays again ] a smarter way to wifi is awesome. Introducing xfinity xfi. Amazing speed, coverage and control. Change the way you wifi. Xfinity. The future of awesome. Hourlong national nightmare. It is finally coming to an end. The former yankee allstar and future hall of Famer Derek Jeter now has a handshake agreement with the club but there is one hurdle still left. How many cliches can you think with this. I will say this. This saga is not over. Far from it. The owners meeting is this week. Its a good chance they are neck and talk about it. When we understand this. The Major League Baseball itself has not received official details. Who exactly is in this. Has the check been signed. At least for now with the group do they really had a commitment. He is worth 500 million. Is he willing to put in more than half of his net worth into this team. He is one with 500 million. It is strange. And here is what we understand. You will see it. What a Major League Baseball spokesperson has said. There is nothing wrong with proctologist. To look in there and see everything. They want to do a colonoscopy on jerk derek jeter. Here is the other thing we hear. He has a lot of his own money. And being the control person that would replace sherman. They have not done everything. I just want to make one point. Its about a conversation i have. About the charlottes in the incident. Im not apologizing for what i said. If you dont condemn this. The right wing extremist they started it and caused a person today and maybe three because the two cops that were on duty. Still horrifying. If you dont condemn this. The right wing. The problem is the president did not do that. He waited 48 hours to say what he shouldve said is the president did not do that. He waited 48 hours to say what he shouldve said the other side was always angry at president obama. Why does it take President Trump so long to condemn this right wing step. Remember what he said about david duke. I dont know him. I can show you proof. Im not seen is. Saying it is. You have to ask yourself. It is the easiest thing to do. Because they are there. Why dont you do it. It is a legitimate question. That i will continue to ask if you dont like it too bad. I question again as a journalist why does it take two days to say what it is. Im not friends with those guys. I condemn all sorts of violence. This right wing step. They kill somebody. Reagan had no problem speaking out. This is pathetic. Six minutes away. They are now four points away. Guess what we have crossed that unchanged line 230 times today. Unbelievable. We are coming right back. Stay tuned. Potsch you each drive a ford pickup, right . in unison russ, leland, gary yes. Gary i have a ford f150. Michael ive always been a ford guy. Potsch then i have a real treat for you today. Michael awesome. Potsch im going to show you a next generation pickup. Michael lets do this. Potsch this new truck now has a cornerstep built right into the bumper. Gary super cool. Potsch the bed is made of highstrength steel, which is less susceptible to punctures than aluminum. Jim aluminum is great for a lot of things, but maybe not the bed of a truck. Potsch and best of all, this new truck is actually gary all laughing oh my. Potsch the current chevy silverado. Gary im speechless. Gary this puts my ford truck to shame. James ill tell you, i might be a chevy guy now. Liz breaking news, at top of the hour, Charlottesville Police chief al thomas will hold a News Conference about the violence at the White Nationalist rally yesterday. Fox business will bring it to you on after the bell as soon as it begins. John pet treed december says the markets are in a goldilocks moment. Not too hot, not too cold. But we know how the story ended. Right, john . Yes. Liz what are the three bears . Geopolitical. What will happen to north korea. On paper you turn that into world war iii pretty quickly, u. S. Attacks north korea, north korea attacks japan and it spills out of control. Where are we here in the current market, washington inaction. Six years ago seems like eternity. When the u. S. Was up against the debt ceiling. You know that congress can be inept at any point in time. Obviously the big wild card is chinas debttogdp at 300 . Liz how do we keep it goldilocks . Three sectors, et cetera . Exactly. Still like energy has been the worstperforming sector, finding the most value there. Add gold to your portfolio in case one of these event ever happened. But at same time put cash to work because you cant time the market. Liz gold is 6 cheaper. So you wouldnt be buying it at the high. John, thank you very much. Point view wealth managementing director and portfolio manager. Look at stock picks, jpmorgan chase, and the other one. Bank of america. You like the financials. And as we look at stocks here, 21,992 with just 10 seconds left before that bell rings. [closing bell rings] the dow does not appear to make it 22,000 or above, but it sure wanted to. Crossed the line many times. David green across the screen. Buying continues on wall street. The dow is up 130 points. S p, nasdaq, russell all climbing as well. Good day. Hi, everybody, im david asman. Melissa im melissa francis. This is after the bell. We have more on the big Market Movers but here is what else were covering during this very busy hour ahead. President trump calling out hate groups by name in the aftermath of the deadly violence in charlottesville, virginia, over the weekend. Ray system is evil and those who cause violence in its names are criminals and thugs including