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China and last month dropped 9.9%. that was the biggest one-month drop in the history of chinese industrial providence. if we can get a situation where this is resolved and i want to remind folks there are $360 billion in tariffs already on the books. you mentioned gdp come i'm looking at the last recorders and the first quarter investment was up 6%. if we get businesses to start investing into this economy, consumer staying very strong the way they are now, could we get back to 3% gdp? >> that's the best point out there about business investments, that is what is falling off a cliff right now...

That is broad-based. every stock in the s&p 500 is up. 10% is a small move, a lot are up 50%. if you have any money in the markets, you're doing very well this year. >> definitely. during trump's presidency using more record-breaking highs than any president has had in the history of the world. we may never, ever see this again. he may get reelected and continue come up with this is just phenomenal little i cannot tell you how phenomenal this is. >> charles: you bring up the point that president trump ignore people that said be careful. he also went against the grain when it came to things lik...

About enough, the fact we have 360 billion in tariffs in place right now, two years ago, we were promised it would crash the economy, inflation would go through the roof. every expert was wrong, all the experts said it will destroy the economy, here we are in an amazing period of economic growth. >> record highs, charles. look at s&p earnings, not getting hit that hard. earnings over the last quarter, down a couple percent and ratcheted down further. to your point about tariffs, get the trade deal monicaa talked about, tariffs will pop off f. china follows through on ip enforcement, we could p...

Keep people in this market for the last three years. i cannot believe how long the financial media has been and wall street has been and even now they try to tweet the story. oh, the market is up because of good talks on china trade. that's not why the market is up. by the way, there is $360 billion in tariffs in place right now for two years. they said we were going to crash. they said the economy would crumble. they didn't predict that wages would go through the roof. that home ownership would start to spike again. jobs would be 7 million job openings. they said it would be the exact opposit...

Them most. the united states spends $360 billion a year on prescription drugs. medicare and medicate account for nearly 40% of that spending with medicare being the largest buyer of prescription drugs in the nation. the latest government estimate suggests that by 2027, prescription drug spending will grow 60% to nearly $580 billion a year. a major reason for that jump is medicare's annual spending is expected to rise 8% per year over the next decade. when he announced a plan to tackle the are latch year, president trump said americans paid more for prescription drugs because foreign government...