Today, i am david asman, we have steve moore, liz peek, steve forbes and robert wolf. Larry kudlow telling liz claman to prepare for a big boost on the economy after the trade deal. U. S. China trade deal will add at least a half a point of gdp in 2020, watch, even though we take a hit on boeing in first quarter, unfortunately, were transitioning back today 3 goal we originally had in 1718. David steve forbes a half percentage point added that is about a trillion could is that over stating the effect . I think you will see is year this is on second half, you dont turn that on like a light bulb that will kick in with the election coming up this is good timing. David you say yes. For the whole year, but it will be boosting 3plus percent in latter part of the year. It is positive with more manufacturing and efforts, and farm industry comes back. Those are all good. We know that they have been way off on their gdp, they said after tax reform near 4 even steve more was 5 . I was not. We would be great if they were 3 , but they have been wrong. Just have to have patience. That is why deficit has ballooned, i am positive in the sense that this is good. I dont know if it will add a halhalf percent. David steve moore . If we get to flee 3 growth s quite an acomplishment. The other thing is that the times could not come better for trump, if larry kudlow is right, trump will win a 40 state reelection landslide. Chinese have committed to a very sizable increase of import to United States, it is also lessening of Business Uncertainty weve been told for 8, 12 months that trade skirmish with china has hurt u. S. Economy that is what democrats have said for a year now. Impacting be investment and inventory building, you cant have it both ways, either is hurt us then should help us now or not. David i want to ask you robert, financial services, one thing not emphasize it does remove barriers to u. S. Banks institutions, insurers and other finish services trying to do business in china. That is a great thing, when i ran ubs, i started beijing security, the first nonchinese bank company there with the rules we could only own 49 . David that would change that. We this would be a very good thing for financial services. Blake buhrmann from the white house on this, have you been digging through details what is in there . 8 chapters, 80 plus pages of, it includes more than 200 billion dollar worth of purchases over the next two years. For 2020, and 21, at least 77 billion dollar in manufactured goods 52 billion in Energy Products and 32 billion in agriculture. Over that was purchased in 17, baseline numbers before the trade war beak out President Trump saying today negotiations, were like world chess. Together were righting the wrongs of the past, delivering a future of Economic Justice and security for American Workers, farmers and families, i want to thank president xi who is watching as you we speak. Ill go over to china in not too distance future. Reporter ip protection and allowing u. S. Company to remain entirely u. S. Owned in china also in the deal, chapter on force particular transfer Technology Transfer is only two pain, larry kudlow said that u. S. Got about 50 of what it wanted in phase one, but he also told liz claman that afternoon, that president believes that phase 2 will not be tougher list. He believes potus believes it is phase one, that is the tough one. And he feels that phase 2 will come much more easily. Reporter Robert Lighthizer saying that first thing that needs to go the done is make sure that phase one is implemented and implemented properly. David thank you so much. Top democrats, slamming the deal, saying it does not go far enough. Just a few hours ago. Primp anPresident Trump and his administration committed u. S. To a weak feckless phase one trade deal with china. This deal with china is a corporate trade deal, another betrayal of American Workers, you will hear that term betrayal time again that is what this is. With respect to the key questions of a level playing field, this agreement is more of a bandaid than a solution. David bring in former trump campaign, senator adviser curtis ellis who was in washington, how do you respond. I say, that President Trump has done more for than American Worker and more to reset relation with china and pit it t on a solid footing than democrats have ever done. He said, come on, china is not our competitor, they are nice guys, then he mouths same platt computer that obama and rest of the crowd said for 40 years, which we have got to trade with the rest of the world, President Trump has taken mask off of china, we know they are a techno at the time altairian totalitarian state that is intent on replaces america as prime mover in the world, we can trade with them, yes, but they can now stop cheating we have an agreement with enforceable terms in it we got enforcing not a bureaucrat in geneva ors World Trade Organization or a corporate lawyer who are bought and sold by chinese lobby down the line, we decide if china is living up to the agreement, if not we impose tariffs, or i read the agreement withdraw from the agreement, which has never been in a trade deal before. Thank you for joining us, this seems smart to put negotiation on phase 2 off during campaign season. What we saw during phase 1, was back and forth negotiating, disappointment followed by allaying do you technology would smart so say lets make sure this works properly, when i am rire reelected well tackle phase two. I agree, that is essentially what president said, these tariffs remain in place until phase two. Right now, i believe you said before business has certainty, 25 tariff remain in place. They can now start planning on investing in the United States right before i went on, i was talking with someone with a textile mill in North Carolina they have invested a half billion in local economy there, and their clan and capital estimate they want to see permanent tariffs on apparel and textiles they will invest more, there are many others that i talked to say the same. Lets keep phase two after the election, right now business has certainty, we have a calm patch, we can go forward, and keep moving and bringing that high wage, high productivity model back to United States. Steve moore, look, my hats off to you. This amazing, much better than even i thought, you know President Trump would be able to felt wit get with china, a ce of months ago it look like china was not going to bend or make a deal they would wait until after the election. Then they really shifted. It seems that trump strategy of hitting them with tou tough tars drove them to negotiating table, will they abide by the agreement. Two questions. The ta tactics worked they were squeezed for money. They deputy depend on consumer on give them lifeblood of the economy which is the consumer, you. You count on them to fine a way to weasel out of it or try not to, but good news, we get to decide if they are complying or not, we dont wait three years for World Trade Organization to do something about it, we can take out uniloot unilateral action. Tariffs of tax of the consumers, idea we can tut put tariffs back to crazy that not a good thing for country, Business Investment contracted and we had more farmers and bankruptcy in past year because of this than any year past, idea that is all work, i think to be determined, i dont think we should be whistling dickey all of a dixie all of a sudden there is a 60 day out clause, there are things that have to done but structuralry we dont know how it will be implemented yet. I am for free trade, i believe this is a good thing be but i think we should see struc strucl moves. David they are not required to change any laws. A deal breaker last was they initially agreed to change laws regarding some of the intellectual property deals, now they are not doing that any more is that a problem. Well laws in china dont mean the same as laws in u. S. I would not get too hedg hung un that,. Consumer have not paid price for tariffs, if we make a unilateral declaration well never use tariffs that gives other side, any other partner across the table, every incentive to use tariffs again us, we said well never use them against you, this not as simplistic as it seems, we drough brought china to the , well see if china lives up on agreement it would be a first. David signed and sealed well see if it is delivered, curtis thank you. Lets look at capitol hill, House Speaker nancy pelosi the hold a ceremony to sign articles of impeachment, at any moment now, what happens after this . We have a live respect from capitol hill next. Pla i live report from capitol hill next. What do you think . I dont see it. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. Stay resthe new rx,the icon thatcrafted by lexus. Lease the 2020 rx 350 for 419 a month for 36 months. Experience amazing at your lexus dealer. 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Prolia® can cause serious side effects, like low blood calcium, serious infections, which could need hospitalization, skin problems, and severe bone, joint, or muscle pain. Are you ready . Ask your doctor how prolia® can help strengthen your bones. David what a day in washington, House Speaker nancy pelosi to sign articles of impeachment at any moment now. Now were join by fox news chief Congressional CorrespondentMike Emmanuel to tell us where it goes from here. Reporter a lot of process, were expecting this engrossment ceremony by House Speaker nancy pelosi and then exchange of messages and articles of impeachment to be walked over to the senate chamber, to basely be be welcome by u. S. Senate then to a trial, impeachment manager, 7 lawmakers from house, lead impeachment manager adam schiff, don then nadler, and to freshman lawmakers. Chairman schiff made the pitch today. President trump put his own personal interest above the national interest, above our national security, if not stopped he will do it again. Reporter vote on house floor to certify managers and send articles of impeachment was alook party lines, 228193, with independent justin amash voting yes, today House Republican leader blasted pelosi and democrat. Reason for this impeachment is same reason taken democrat 30 days to send articles. Despite. They want to stain the president s record without giving him a fair collapse too o clear his name. David all right. Thank you very much mike. Steve forbes, we heard from jerry nadler saying there is overwhelming case beyond any reasonable doubt, i quote him, that the president debetrayed the country if so why are House Republicans complaining about not having enough evidence. Because they dont have the case they thought they would have. She that one reason why she delayed sending articles of impeachment, they kept hoping machine would turn up and also kept certain president ial candidates off the trail, this a kin cynical exercise, the American People have turned off on it. It has failed. David robert, you were never a huge fan of tbo going to impeact were you there no, i changed my view when 7 military freshmen wrote oped and fell there was something wrong there. I dont like the wholed i idea f pomp and circumstance of impeachment process, we should change that. Whoever the president circumstance i would disagree with steve, i think that reason that pelosi held out is i think it worked bolton came heard, said he may and would testify. And mcconnell at one point, wanted to immediately dismiss, he signed on to, that now they have 51 senators, they cannot get 51 senators to dismiss. Some things did happen. Lets say were glad it is at senate. David on the left side of the screen is live, i agree with robert, this should not be called a ceremony it is more of an event. Steve is right that American Voter has not really kind of gotten behind this. As time has gone opeople have become less impressed with the push from de democrats in houseo impeachment i think nancy pelosi held up for two reasons, one it interferes yes with candace i was Bernie Sanders, Elizabeth Warren and even Amy Klobuchar. You have to ask, do democrats really top call witnesses because joe biden and hunter biden, and adam schiff, ther werrewhistleblower they will be called if republicans decide well hav witnesses, that woulda huge embarras am for democrats it would not go anywhere, at end of the day you know, President Trump will not be leaving was on. Does senate conduct a trial according to constitution to vindicate the report report w we first started talk about in amazing trade deal so good for america. All so well. Then, most people rate trumps performance in terms of the economy so good, then you have this crazy impeachment, my feeling about it, you know the democrats have every right to present th evidence, but why not just let the American Voters if they want to keep President Trump as president. They are afraid. Right. We might have an impeachment right now for that, on this historic day for trade, Charlie Gasparino is working o another scoop, all this coming up next. We made usaa insurance for members like kate. A former army medic, made of the flexibility to handle whatever monday has in store and tackle four things at once. So when her car got hit, she didnt worry. She simply filed a claim on her usaa app and said. I got this. Usaa insurance is made the way kate needs it easy. She can even pick her payment plan so its easy on her budget and her life. Usaa. What youre made of, were made for. Usaa whistling we were paying an arm and a leg for postage. I remember setting up shipstation. 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David Charlie Gasparino breaking that news this morning saying stimulus could include payroll tax reduction and increased earned income tax credit. Steve mer moore you have been a codesigner, what do you hear. I think idea of earned income tax credit expansion is on the table, a way to counter act the miminimum wage. But i think what larry kudlow and others want to know, i think tax cut 2. 0, but reducing tax rate for middle class then some interest in this idea of a tax free saving acount for middle class folks, to save more without paying double tax, i think steve forbes would like that, in your plan there is no tax on any savings. Yes, this is a stip in the rising direction, i hope they go beyond reducing 22 brack tote 15 , we need cuts like Ronald Reagan did. I am for itc. And on payroll thing, it does not provide much stimulus to the economy but ensures that everyone who earns a dollar gets a tax cut, in an Election Year that helps. David is there any democrat talking about tax cuts. No. David not one. I want to say differently, we heard larry kudlow say it not happening today. Payroll tax cut. Tax 2. 0, i dont think well see anything in 2020, that is off the table of the idea of a tax reform 2. 0. I think this is something they can talk about it is right that you should offer an alternative to minimum wage increase because republicans are dead set against that, in next 4 years, if President Trump is reelectorred, i think he will be machine will talk about deficits not about more tax cuts. Even democrat slam democratic debate last night, was President Trump the real winner . Next. At Fisher Investments, we do things differently and other Money Managers dont understand why. Because our way works great for us but not for your clients. Thats why wer