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Away too much when it comes to technology and intellectual property and that's the back and forth from zte feeds into that worry and a lot of headline risk out there with trade and with the rising interest rates and that's weighing on stocks even though we had really good earnings coming through for macy's today. we had a list in the beginning and served a lot of crosscurrent xs we' s and we'll catch up with bob nardelli to talk about the trump administration's policy and coming up in the next hour at 12:45 on market now over on cnnmoney.com. >> great to see you, maggie. >> right now on capito...

>> neil: we need a bull in the china shop. somebody will do it. we don't know who that is. bob nardelli, thanks very much. >> thank you. >> neil: in this environment people are taking out loans and cashing in their 401(k). is that good to do? after this.

>> neil: all right. you never know. we were down 145 points at one point today. a not so efficient start to the new month. we turned that to a 13-point loss. the founder of xlr 8, bob nardelli joining us right now. good to see you. >> good to see you, neil. >> neil: when jack welch was here, he said there's an 80% chance of getting the tax relief through. the markets will love it. i differed with that saying if it's just corporate taxes, i don't know if the markets will like that. what do you think about that? >> i spent a lot of times with jack. i share a different point of view. it's critica...

Finally, i want to ask you about the wiretapping allegations from president trump to president obama over the weekend. sean spicer made it clear, it's his final public comments on the subject. no one, not a single lawmaker has provided any evidence that the wiretapping allegations are true. so where does this go next? is the story over for now? >> well, they had said that congress should investigate it. but we've heard people who are in charge of the committees who would be investigating it on capitol hill kind of say, well, you know, maybe the president didn't know what he was talking about, ...

Chrysler and home depot. i asked nardelli what if cutting company's tax rates and repatriate stashed offshore what if all of that windfall goes into investors and not works. nardelli has a solution. >> the average american sees stock buyback as a way of increasing cash in the pocket of the senior leadership team. so, i mean, one of the thoughts about this is let's take 25% of the money that comes back and put it into the infrastructure fund. let's make sure it's backed by government bonds so they get the tip of the hat, 7%, 8%, that they're sure of guesting that back. >> he has other ways to d...