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We had a deal in china in place with china in march earlier in april and the chinese reneged, why, they are watching on cn, in that the president colluded with russia, it may very well be the chinese thought we are going to be done with this guy in a year, so, yes, the media has incredible responsibility to seek the truth, howie, and that write it is narrative. >> let me turn back to question of recession and i certainly understand how talking down the economy could affect consumer confidence, consumer spending but when the president talks or tweets about china or jay powell, we will get to th...

An important point. we had a deal in china in place with china in march earlier in april and the chinese reneged, why, they are watching on cn, in that the president colluded with russia, it may very well be the chinese thought we are going to be done with this guy in a year, so, yes, the media has incredible responsibility to seek the truth, howie, and that write it is narrative. >> let me turn back to question of recession and i certainly understand how talking down the economy could affect consumer confidence, consumer spending but when the president talks or tweets about china or jay powel...

Dow, which was in positive territory going into today, closed down 623 points just today. earlier today the president appeared to joke about the market's decline, saying, the dow is down, perhaps on the news that representative seth moulton, whoever that may be, has dropped out of the 2020 presidential race. wow, what a card. all this comes after fed chair jerome powell said this morning the trade policy uncertainty seems to be playing a role in the global slowdown. his speech prompted an attack from the president. quote, as usual, the fed did nothing. it is incredible that they can speak with...

So good to have you with us here. i'm christi paul. >> i'm victor blackwell. good to be with you. [ bell ] [ cheers ] >> and there goes the bell. look at those numbers, down 623 points. what a week. >> yeah. so this sell-off was driven by president trump's response to new retaliatory tariffs from china. and the fed policy. president trump is butting heads again with beijing over tariffs. he imposed more tariffs on china after being -- after beijing, rather, announced a fresh round of tariffs on about $75 billion worth of u.s. goods. >> president trump announced the tariff hike in a tweet. here...

Another round of tit for tat. the dow plunged more than 700 points during the day closing down 623. before leaving the white house the president said he was simply cleaning up the mess left by previous administrations. >> china has been hurting our country for 30 years with the money they have been taking out. other presidents should have done something about it and should have done something about it a long time ago. clinton, bush, obama. they should have done something about it. i am doing it. i have no choice. we are not going to lose close to a trillion dollars a year. they understand we a...