Public just as fast as it can. Avoid the area if at all possible. We will try to be putting out alternative routes that people can take but dont put anybodys life in jeopardy by getting in the way. Dagen latest developments as investigators search for the cause of that fire. Amazon looking to take on walmart in a whole new way. Lure major food brands to sell directly on the site. Today mark it is last trading day of the quarter. Major indiceses all posing gains in the quarter, some better than others, we will dig into that. We have losses across the board. Dow down 37 points. Dow down for the month as well. In asia overnight, history space walk, you can see the asian markets mostly lower, up to the historymaking walk, with the most space walk. The mission did not quite go like it was planned. All that and so much more this morning real clear politics caitlin, kevin kelly and he needs no introduction former arkansas governor give me one. Come on. Dagen mike huckabee, father, grandfather, devoted husband, minister . Once was, its been about 30 years, but, yeah. Dagen that never goes away. We are going to talk trade with Peter Navarro and Paul Mitchell and patron founder. You dont want to miss any of those fine gentlemen. Today President Donald Trump will sign two executive orders cracking down on unfair trade deals according to senior white house officials. The first order will research and point out trade abuses that add to the u. S. Trade deficit and examine our trade practices with other countries like china, mexico and canada. The second order will address nonpayments of antidumping and antisubstance sidney duties on import. The president has previously vowed to rip you have nafta and withdrew from transpacific partnership. This is a small step. You cant go in the first month, okay, all of our trade policies have to be different. The first thick hes doing is hes asking commerce to take a look at every relationship we have with every country on the globe, find out who is cheating us and who isnt and what kind of numbers they produce and you have a better handle on what to do. Hes doing exactly the right thing rather than taking a chain saw and going through and cutting down the forest, hes surveying the trees. Dagen caitlin, do you think china is the hargt target here . Well, that meet asking going to be very significant talking about fulfillment of Campaign Promises being tough on china. Some of the trade policies he advocated wouldnt squeeze china the way they had talked about for example withdrawing from tpp. He very much needs to turn the page here, right, get back to some of the messages that he was talking about for the past two years and get back to what he said he would do. Dagen really quickly i want to listen to sean spicer because he answered yesterday. This is an opportunity for President Trump to develop a relationship in person with president xi, he has spoken to him on the phone a few times but we have big problems and everything from the South China Sea to trade to north korea. There are big issues of national and Economic Security that need to get addressed and i think theres going to be a lot on the table when it comes to that over the two days that they will talk. Dagen kevin, i want to move onto because in terms of trade, china is one issue and governor can get in here as well but yesterday the wall street journal reported on the draft proposal about nafta and what the Trump Administration is going to do with that, it would seek modest changes to nafta. In fact, they would keep the Arbitration Panel that let it is countries involve circumvent the system and at least conservatives we wanted to see changed. This is a draft but, again, its this draft on nafta is not nearly as tough as some people expected it to be. Kevin no, its not. You saw it come back from the political rhetoric from the campaign trail. We havent seen wilbur ross attack nafta that he did before the election happened, right, so i think its really nice to see everybody coming back around because we do have great relationships with mexico as well as canada and so you have seen all of us come together in that regard. I want to make a quick point on the chinese situation, we actually find dte, a Chinese Company for selling American Technology to iran in defiance to have sanction. We are definitely focusing in on the chinese relationship we have here and thats they admitted to wrong doing and you can barely see that happened. I dont want to lose that point because that is something that, you know, not only this administration walking the walk but talking the talk, they came out with the huge fine against china. The largest fine ever, ever. It was significant, now the result they are saying they are going to make Huge Investment in building plants in america, manufacturing putting thousands of americans to work. You know, just the very presence of donald trump at the white house has already resulted in a significant in which the stage has been cleared and the new sets are being built. Dagen i will point out that the uncollected dumping penalties that one of the executive orders is going to analyze is close to 3 billion so its not a drop in the bucket. I want to switch gears and talk about this, governor, a battle brewing between President Trump and the Freedom Caucus. I just want to this is a selfserving, but i want to i expected this. I called this. I knew that President Trump even before he was inaugurated would start calling out members of his own party by name and the commander in chief did, indeed, do that calling individual members of the Freedom Caucus. Meadows will get on board we would have great both health care and massive tax cut and reform. Yesterday sean spicer and congressman jim jordan weighed in. Of course, he understands that the goal is to get a majority in the house, majority in the senate, but at tend tohae as a bold and robust agenda that hes trying to enact that he ran on and told the American People that he would do when he was president and hes going to do the votes whenever he can. This bill doesnt unit the republicans and the American People. Evidence by the fact that only 17 of the fact support this legislation. So we appreciate the president , we are trying to help the president but the fact is you have to look at the legislation. Dagen governor, this does not help the republican agenda . No, it really doesnt. I would suggest to the president that if he has some problems with the Freedom Caucus maybe do it over dinner at the white house. The fact is the people in the Freedom Caucus are people of strong conviction, these are not just people who are playing politics with this because they dont want to, this this whole thing only had 17 and thats what jim jordan pointed out. It was not a popular bill and not the kind of thing that he needs to go on rallies. I dont know how he got so connected to the bill because it was not anything like what he campaigned on. So in many way it is Freedom Caucus, though he may not recognize it today they did him a favor and forces this bill to get a rewrite and thats what it needed from the beginning. Dagen speaking of favors, caitlin, congressman jordan stood by donald trump after the bully bush tape came out when others like, well, Speaker Paul Ryan did not so much but now you are having President Trump turn on jim jordan and other members of the Freedom Caucus . Yeah, hes talking about Freedom Caucus members and democrats and when you try to add up the math, it doesnt quite get you there on policy that he wants to pass. Whats interesting from the Freedom Caucus, these people are not incentivized by threats of primaries, they come from very conservative districts. Yes, donald trump won them but the lawmakers have been in there at least for some time and also ran ahead of the president in some ways so you have to figure out different ways to incentivize them beyond the threats of primary or electoral challenges. But again building the coalitions, i think, is going to be a challenge specially when youre firing off the tweets to people that you need to get on board for future things like tax reform. These divisions, though, i think will remain. Dagen real quick, kevin, market reaction, though, because again does it draw into question what happens with keeping the government open, tax reform, tax cuts, infrastructure spending, thats what investors care about . Kevin they want to see deregulation and fiscal policy that will drive it further. It was actually the market was trying to figure out why did they leave with health care and once this was killed and the market rebounded, came back, you saw the governments focus shifting back to the fiscal policies that we need. Dagen a trillion dollars in tax cuts and spending cuts and reform of medicaid got kicked to the curve and somebody kevin but it can be brought back. It can. Kevin its not said done and over with but we want them to spur growth, grow, grow, you had secretary mnuchin say that. They are focused on that. They want a bill signed by august. They promised to the market and if they dont thats where they need to fall, they didnt Promise Healthcare reform in the first hundred days. Frankly, i think, they should have led with tax reform because that stimulate it is economy, gets people working, invent other moves off the shelf, thats where we need to start, im glad we are back to that. Dagen thank you. Give us more of our money back, let us spend it and we will put up with a lot of political shenanigans. Absolutely. Dagen massive fire in atlanta on i85 to collapse, backed up traffic for hours. Retail battle brewing between online and brick and mortar, how amazon plans to convince major brands to skip bigbox retailers like walmart and target whoa, this thing is crazy. I just had to push one button to join. Its like im in the office with you, even though im here. Its almost like the Virtual Reality of business communications. No, its reality. Introducing intuitive, one touch video calling from vonage. Call now and get amazon chime at no additional cost. Searching for answers like where to treat, can feel overwhelming. So start your search with a specialist at Cancer Treatment centers of america. Start with teams of Cancer Treatment experts under one roof focused on the delivery of precision Cancer Treatment. Start at one of the Cancer Treatment centers of america hospitals near you. The evolution of cancer care is here. Learn more at cancercenter. Com experts Appointments Available now. Dagen major highway overpass collapsing after a massive blaze breaks out during rush hour. Lauren simonetti do the details on the story, lauren. Lauren hey, dagen, the fire broke out in interstate 85 at 7 00 at night and lane collapsed. The cork has been put in the bottle. Think about one of the major arteries that comes in and out of this city where folks move north and south through our state, a chunk of it has just been taking out of play. Lauren Officials Say nobody was injured by drivers were certainly frustrated as lines of cars checked that out, they stretched for miles. Almost three hours now. Three hours . Yes, just driving around. Following ways trying to get shortcuts, nothing worked. We just said, pull over here and we are going to walk, at one point 4 miles we have to walk. Wow. The city has shut down that part of highway indefinitely. Lets turn to capitol hill because Senate Republicans delivered a major blow to planned parenthood. Vice president mike pence casting the tie break that would let 200 million in funding from planned parenthood or any organization providing abortions. The bill now moved to President Donald Trumps desk and hes expected to sign it. In other news the Trump Administration is now appealing a hawaii federal judge order blocking the president s revised travel ban. The move after a day honolulu judge extended order blocking the ban while the lawsuit continues. And finally, amazon now on some of the worlds biggest brands to bypass the box stores and sell directly to online shoppers. Online giant has invited General Mills an others to seattle headquarters for a threeday meeting in may in hopes of convincing them that its time to start shipping directly to customers. The move comes as retailers like walmart, target, cosco, they are working to hang onto customers that they do have as much of their business has migrated online and we are looking at amazon shares which have been hitting record highs, dagen, they are slightly lower in the premarket. Dagen thank you, lauren. Kevin kelly, these companies are not going to alienate walmart and target for the sake of amazon, are they . Kevin 49 of the sales come from thirdparty distributors so you need to be part of the amazon ecosystem because all your competitors are. Dagen fair point. You have no idea how big a deal this is in bentonville arkansas because there are thousands of people who work for and everybody from General Mills, everybody, all they do is service the walmart account. Its a huge, huge mammoth battle ahead. Dagen largest employer in the United States. In most of the Foreign Countries in which they do business, huge. Dagen incredible. Your state is pretty lucky. A lot of entrepreneurial activity. Dagen walmart, wall street, excuse me, looking ahead on the last day of the First Quarter, what you need to know before you invest and a landmark walk in outer space, the unexpected turn of events for the female astronaut with the most space walks. Thats ahead dagen take tag a look at futures this morning on the last trading day of the month and the quarter. 42 loz on the dow futures. The dow looks on track to be down for the month of march. By the way, its off about half of a percent. Today is the last day of the quarter and its been a great one for the major indicate indexes. Those are great indicators of Economic Growth down the road. Joining us is etf president sean, what do you make of these numbers and the russell and transports there . There was a whole bunch of policy things that were supposed to be enacted that made the market shoot up and now the foundation and underpinnings is tough to make policy and people are starting to get a little nervous about that. We will see what happens going forward. The market is a forward indicater. Its looking for whats going to happen down the road. It doesnt look at what is already happened, its expecting Earnings Growth but its tied to things Like Health Care reform, tax reform. The things that are happening now, arent tied, people are watching regulatory and trade. You have Massive EnergyRegulatory Reform earlier this week and you have trade in the news today. They might be enough to keep things going enough but the biggie probably is tax reform. Dagen what do you make of that . Kevin its completely right. Financials have led this market ever since the election. We are depending on a 15 Earnings Growth. They should carry this quarter, the earnings cycle, but we actually have not seen the Net Interest Margin increase for them to get that the Trading Volume has been muted because we havent gotten the financial deregulations that we wanted. We havent gotten the focus on tax reform, so thats dagen financial quarters today, kevin, have underperformed. They are up less than 3 when it information it can and health care were the biggest top performers. Kevin that incorporate it is small regionals, right, that got recently hammered over the past couple of weeks, right, but you didnt see jpmorgan and Goldman Sachs come down. Sean, you guys have seen tons of asset influx and grown over the last year, where are the clients putting the money in the products, they are looking at dividends, cash flow, where is it going . Dagen first reporter every covering etf, just so you know. Good for you. It misses the whole thing. It reminds me of the springfield story. Hes all worked up. Springfield, missouri, springfield, new jersey, i dont care, whatever one is cheapest. You might wind up in the right place. To get that you had to get the whole time and weather and what we focus is Free Cash Flow yield. Just look at the 20 , highest Free Cash Flow, you almost doubled the return. Thats where all the flow has been. We dont look at sectors, during the prep work today and saw what everybody put out, consumer discretion doing okay and we focus on Free Cash Flow. The company is healthy and generating cash and toandz rotate sectors on its own. We were under way energy when oil was low. That will change as oil prices go up. Dagen governor, real quick, would you bet on w getting something done because essentially thats what people are doing . [laughter] dagen will you put your money in the market if they dont, theres trouble ahead. What happens in the market in. I think it goes up because that spi