In the u. S. There is a pileon as well. Stocks are close to records. The president is to have a rally and brag about the records. There is still the tweet fallout that the white house has to dial. We have blake burman. Reporter this will resume this evening in greenville, North Carolina, where President Trump hits the road to later tonight for a Campaign Rally there. The president saying earlier today, he will talk about the economy. He will talk about the stock market. But he also tweeted the following saying i will also talk about the people who love and hate our country, mostly love. Of course the president ing to these four Democratic Congresswoman who have been embroiled in this back and forth feud with the tweets and comments he subsequently made. Democrats call the president s tweets an comment racist. Republicans are trying to turn the attention to the policies and controversial comments that some of these congresswoman have made in the past, coming to the defense of the president today. The head of the Republican National committee and the hud secretary, ben carson. Listen. So many things come out of the mouths of these four freshmen congresswoman is offensive. It is antiamerican and the president is saying, listen i love our country. He is not a racist. His comments are not racist. He loves the country very much. Reporter the Democratic Congressman al green once again filed articles for impeachment. This will be his third attempt to do so. The house will take up the procedural matters later today. It is aways away from any sort of impeachment effort that some democrats have been calling for. Neil, we saw it from the tweet with the president. He wants to talk about the economy which is hot. He wants to talk about the stock market at alltime highs. He also now has to talk about these four Democratic Congresswoman because, he has brought this into the forefront especially here in the last few days with the tweets and comments. Neil stomped on otherwise a good message on the markets and economy. You stay in washington where youre doing a wonderful job. Reporter it is 95 degrees here too, by the way. Neil my gosh. I like you there. Youre doing a fine job. Thank you very much, blake burman. Blake was handling the show a little bit too well couple days ago. A guy that does his job too well, jerry seib, wall street journal and executive editor. Were looking at this back and forth. The president is trying to come out under the wrath of these tweets. He has compelling message of economy and markets but he stomp 9 on it. Can he get over it . That is a Great Questions a lot of republicans are requesting themselves. There were good retail sales up in members out. Good manufacturing numbers out. Economists upgraded estimates about Economic Growth in the second quarter. Nobody talked about any of that. Were talking about the squad. I understand the president s rationale is taking on the squad to go after what they have said but also maybe to make them the fairs of the Democratic Party. Maybe that is politically beneficial. But if were talking about the squad were not talking about the economic numbers you and i just mentioned. Neil right. Youre referring to the four freshmen congresswoman, aforementioned squad. They are pointing out the guy is racist no matter what he does on economy. He is racist period, end of story. That seems to be playing out in early, albeit online polls that show support among republicans picked up since the tweets came out. But among independents and democrats dropped off a little bit. Its a wash in the scheme of things. It is early as you no doubt remind me. It is telling. What do you think . Two points on that. First of all were looking right now at a base election. President energizes his base. The democrats energizes their base. If that is what it is about, were feeling tenor well have for the next 16, 17 months. Here is cautionary note, if you look at polling we have done, you have an Interesting Group of independent voters who dont like the president. Disapprove of the job he is doing, but approve of the job he is doing on the economy. There is 10 age point gap among independent voters. Those are people available to the president on economic message. If he can pull them in, that is how he gets above 45 job Approval Rating he has to plus 50 to win an election. Those people will be moved not by cultural messages but by the economy. That is the message. Can he do that . Will he do that . Neil normally a good economy helps incumbent party in the white house. Gerry, we base elections on electoral vote. Some of the states he turned republican hand, he is not leading. Faces daunting. North carolina where his Approval Rating tumbled 20 plus points at time of the election. Im asking, how does he shore that up in states otherwise booming but he is getting very little credit . I think he probably has to deliver a message that is not just to the base in those states because, you know, just mentioned, North Carolina has evolved. It is not North Carolina of old. It becomes northern as more northerners move in. You need a broader message. Democrats have reverse job, as long as they say things that please the base on coast, theyre not paying enough attention to michigan, wisconsin, pennsylvania where President Trump won in 2016. Democrats have to ask themselves the same question, which is, do we have a message that resonates with works class voters in the midwest, not just with people on the coasts who well get anyway. If you run up vote in california and new york but dont states in the middle you have not done yourself any good. Similarly for President Trump, run up the vote in red states by exciting your base, you dont reach the people in the middle, youre not going anywhere from where you were in 2016. They are mirror images of the same kind of problem right now. Neil gerry, good catching up with you. Gerry seib, the wall street journal executive editor among other things in washington. We were mentioning before about anomaly with china bears watching. I find it interesting. Not only the president s threat he could up the ante with the chinese including 325 billion in additional goods which essentially would target all goods from china, the latest development, the chinese are responding in their own unique ways pulling out of the American Housing market. That has seen their activity plunge about 36 in just the last year. This could be titfortat on chinese playing rough with us. The idea we have a deal anytime soon, this might get in the way of that. Market watchers, Danielle Dimartino booth and gary smith. The interesting thing, chinese were flocking to the United States as a place to put their money. What better place than manhattan and big cities. Weve seen it across the countries. There are very big buyers in Real Estate Investment trusts and the like. Suddenly that is frozen and stopped. What do you make of that . I wouldnt read too much into that in terms after government policy by the chinese authorities. These are chinese citizens who are able to get money out of the country which is difficult to today because they have capital controls. They are trying to find hard assets whether in new york or vancouver or toronto. That is certainly a big thing in canada. I think part of it is, the chinese economy is really slowed. This is not even including the tariff situation but the economy has slowed anyway by our measures. Is barry growing even though they report 6 growth. Neil they just make that up, dont they . They make that up. No way theyre growing they dont make it up, but a very long, smooth number that they round to basically but over 10year period theyre probably growing at 6 per year but on quarter to quarter basis obviously it is much, much more volatile. I think it has more to do with the slowdown in the economy and the inability for chinese citizens to take their money out than than the government clamping down on what people can do. They cant really buy foreign real estate anyway because they cant take out money officially. Neil they might hurt more than they let on, danielle. I think they make up these numbers but i think they make up these numbers, almost like the jon lovitz thing, youre too young, danielle, this character would exaggerate thing, yeah, were growing at a 10 clip. All of sudden growing at 6 clip, oh. Lets assume things are worse than they are letting on, we cut those numbers even further, does that compel them to make a deal with the United States . Or, do they flip it around, we will stimulate our way around this and we dont need the United States . Neil, there is talk about another couple trillion dollars that the Chinese Government is anticipating putting into its infrastructure buildout. I wish that 2 trillion could come to buildout our infrastructure but that is besides the point. But i do think the bigger issue facing our country today is the fact that youve seen Building Permits decline 6. 6 . That was really surprising. It goes hand in hand with the fact that these chinese buyers, when they were the largest, since 2015. They have been the largest presence in our real estate market. Neil do you think, any of this is connected . I think it is connected because chinese buyers would come in buy newly built homes. Explains why Residential Real Estate is down 11 here in the United States. Why we were surprised this morning with the housing permits data so much weaker than we had anticipated. Sometimes, neil. There are no coincidences. Neil yeah. This speaks to that. We havent even talked about, what is happening with the transportation sector today, the litany of companies, one after another. Arrow electronics, lear corporation, csx, theyre saying fade our original optimism there will be a rebound in the second half of the year because of this trade war, we dont anticipate that any longer. Were talking our guidance down. So at some point you have to wonder who is hurting more because of this trade war fallout . Neil that is very interesting. What she is referring to is a phenomenon were waiting to get confirmation what is happening in the dow, s p, and nasdaq by extension, not confirming what is happening in transportation stocks or the dow theory as it is known, have to confirm this, yet to do so. It is six or 7 from its highs. Some worry that its a worrisome indicator for this market. Do you . Yeah. It is not just the transports. Small cap stocks have not really participated. Neil absolutely. I think you know, were in the second week of earnings season. So far only maybe 40 companies have reported. So it is still early days. We are seeing typical bounce that you tend to see from the beginning of earnings season. As you just mentioned, the guy distance is taking a hit. If you have prolonged trade tensions between the u. S. And china, you know, i mentioned this in previous segment, i liken it to kind of the whole brexit debacle that has been dragging on for three years and the market in the uk has done okay. Earnings are actually up but the pe got derated from 16 multiple to a 12 multiple because if this drags on enough, eventually Companies Start sitting on their hands, and they start guiding lower. Their Profit Margins start eroding. Investors will not want to pay up for that kind of scenario. And so there is a risk, even though there may not be a huge economic risk for you know, a trade war, just because you know the u. S. Is 70 consumer and consumer is in very good health as we saw from the retail sales number but it could affect margins for the s p, which is more or less global index. That could take the bloom off the road, off the rose in terms of earnings. Juxtapose of pe 17. 4 times expected earnings, there is not a lot of margin for error there. Neil no. So the market expects this vshaped recovery in earnings. If that turns into an l, then the market is not on the right side here. Im not expecting that but it does need to happen. Neil all right. Then all l breaks loose. See what i did there . Basic cable. Thank you, guys, both very much. The pe, price earnings multiple looks at stock divided by earnings per share. Right now that is a little rich. It is not a lot rich. Depending on your point of view. Some people go back in time look at past 52 week earnings versus those going forward, its a little rich, not crazy rich. They keeping to that. Were talking about the consumer, robust, these days, more confirmations of that and prime day helping amazon and helping all in that arena. After this. I dont know whats going on. Ive done all sorts of research, read earnings reports, looked at chart patterns. Ive even built my own historic trading model. And youre still not sure if you want to make the trade . Exactly. Sounds like a case of analysis paralysis. Is there a cure . Td ameritrades trade desk. They can help gut check your strategies and answer all your toughest questions. Sounds perfect. See, your stress level was here and i got you down to here, ive done my job. Call for a strategy gut check with td ameritrade. Neil European Union is investigating amazon over essentially third party selling. That you play fast and loose with numbers and dont play fair here. It follows on part of aggressive moves from u. S. Regulators. Washington could target some of the biggest u. S. Technology names for getting too big for their britches essentially. Money map strategist Keith Fitzgerald on all of that. If you think about all these issues, these stocks, keith, talking about amazon, apple, facebook or google, they richly rewarded their investors and im wondering if this circling of government wagons worldwide is a worry . I tell you what, if it is over business practice, they have a legitimate concern, that is one thing. But if it is sour grapes because they didnt foster environment that created innovation to begin with, that is entirely another. I think that very much the u. S. Versus Global Regulation scenario right now. Neil so when you look at amazon, for example, it is not in the same controversial sort of field as facebook or google but it did catch the attention of european regulators, face it, dont like retail behemoth competition in their neck of the woods. What is the fallout here . You know the fallout, sounds very scary in the headlines but reality of the situation is, this conversation if they were to have it should have taken place 30, 40 years ago. I dont think it impacts amazons Business Model one iota. It is no different from a market manager in heidelberg or recommending the bourse at christmas. They dont know retailers than any other. The question is whether or not the internet is involved. Neil target of various government probes is that a high point you say slow down or what . Not for me. Ill tell you why. Because most of the antitrust regulation, the concerns over business practices, those were levied at a time where the consumer was being hurt. Arguably it is not the consumer thats being hurt. Prices have gone down. Delivery times have gone down. So the benefit is very, very real. If they go after them on Something Like that, they have to change structure of the laws. That wont stop them from trying to grab headlines. Neil keith, thank you very much. Good catching up. Thanks, neil. Neil there are numbers. There is emotional testimony behind those numbers, from families of boeing 727 max victims today. Fbns Kristina Partsinevelos with the very latest. Reporter neil, moments before the hearing start that they hired compensation expert ken feinberg. Ken feinberg has experience with the 9 11 crashes as well as several school shootings. They will distribute 50 million to the family members of victims. This is going to happen over the next course, or next little while. That money is independent of any lawsuits that are being filed right now. Speaking of lawsuits filed by members of the family victims, paul gave testimony today. He lost pretty much his entire family, his motherinlaw, wife, three children. Here is what he had to say about being haunted by what could have been. I think about their last six minutes a lot. My wife and mominlaw knew they were going to die. They had to somehow comfort the children during those final moments, knowing they were all lost. I wish i was there with them. Reporter he goes on to say his 6yearold loved the galaxy. His 4yearold loved singing. His ninemonthold was a very happy baby. He questioned the intention of boeing and the faa why they didnt do more. Listen in. It is hard to trust boeing with their apologies given that they have not reached out to us. I do believe that they did that in the days leading up to the paris airshow for commercial reasons. I believe its a publicity stunt, they just appeared on cameras to apologize to the families. Reporter he went on to say boeing should have been investing in safety. Instead they went to repurchase their stock after the crash. We reached out to boeing, received statements just moments ago. Boeing said, we truly regret the loss of lives of those in the accidents. That is two accidents were talking about for 737 jets, one that happened this past march, Ethiopian Airlines and the other one happened in october for indonesia. Boeing says they remain committed to working with Community Customers and the aviation industry. You have n j. R. Ogoe, the 35yearold man and other victims filed a lawsuit against boeing for negligence. The hearing is going on right now. Neil the numbers are put into perspective. Kristina, thank you very, very much. Were getting word they might be making progress on the debt ceiling. The treasury secretary who is abroad for the g7 finance ministers meeting had spoken on the phone with nancy pelosi raising that debt ceiling. The treasury secretary said th