Enormous turn and that brought us to 24,265. These trade tariffs are widening a lot. It started with steel and aluminum. Its affecting a variety of products, everything from televisions and cigarettes to plastics. You name it. Porkrelated, beef products. Soy beans, an area that they didnt want to get into that theyre into. All of this was a big stepback moment to say its bad, its coming but maybe its not coming at all. This was crazy. Youre right. Boy, just as the opening bell rang this morning at 9 30, it was looking like we were going to have one of the worst days you could see on wall street. We were down 500 points like this. A couple of things happened after that. The aforementioned larry kudlow did an interview and he shade we
wouldnt see a trade war. The markets started to come back after that. There were technical factors at play. People in support levels, held up meaning that at a certain level in a market, whether its the Dow Jones Industrial average, maybe the nasdaq or the
out. i ve been an opponent of china. they re closing markets and investments. they re not playing by the rules of the game. so what are we supposed to do? we have to react. president trump is doing what no president in decades has done. i think he has powerful support around the globe. neil: maybe they didn t do it for a reason. they can spread. you say this isn t a blanket tariff. it s grown to include between our two countries over 2,000 items. i worry, isn t that blanket enough for you? isn t that suffocating enough? a blanket tariff is a global tariff. we don t have that. the negotiations on nafta are going rather well. neil: what does that mean? what are you saying? that s about as much as i can say. a lot going on neil: you want to whisper in
candidate there in a tough race there. and he is hoping to reton it to the former glory in that state, but not everybody agrees including some of the closest a allies. joining us is former economic adviser steven moore and also financial analyst rob wilson from philadelphia. and so we will see that the president wants to impose the tariffs within the next couple of week, and does it give the markets any time to make an adjustment? well, the markets did adjust, fredricka, and they went down a lot when trump announced ate couple of weeks ago, but what is interesting is the evolution of the debait and one thing they have learned working with donald trump, and what is the best selling book that he wrote the art of deal i and he is a negotiator and started with the hardline position a couple of weeks ago saying it is a blanket tariff and then the leaders took note of that around the world and he is pushing back in a
this inspreection part, for will be a blanket tariff. what we re getting here is a example, it is hard to tell. sense that this is not at all a nbc s pete williams is there. done deal, the terms of any tariffs are still influx and joining our panel now is al, some of those influencers senior partner. whether they be friendly nations we also have kimberly here or lawmakers are differenting onset. would you want to be the choices with the white house are prosecutor arguing this thing? weighing in. well, i thought you got a here s how some of the pretty good report from peter commentary laid it out this morning. we are trying to do a surgical approach. williams there. the president indicated that if we can work something out with candidate of mexico they will be we need to remember that most of exempted. these undocumented folks live at it s not inconceive bl that others can be exempted on a similar basis. we need to solve the over home. their children are citizens. capacity and ove
plan gains including the tax reform plan but the president not backing down on this. we lost $108 billion a year on trade. not going to happen. we have to get it back. how previous presidents allowed that to happen is disgraceful. bill: mike emmanuel on the hill. good morning. how concerned are republicans about this tariff idea today? they re pretty vocal about calling it a tariff attack on consumer paul ryan is surging the white house to not advance this plan. we expect to hear from the speaker momentarily and others are expressing their concerns as well. this is damaging jobs. it should not be a conversation about a blanket tariff. id shut be about saving american jobs for everyone in the country to succeed and we should be turning our attention to