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Unemployment, fewer open job positions, less opportunity, smaller pay increases, less bon bonus. they start to pull back a bit on their spending, businesses see that, they start pulling back more on their hiring. you can see how you get into that self-reinforcing negative cycle, which is a recession. we're not there yet, but the trade war is doing a lot of damage. if the president continues on the current course, we'll get there pretty soon. >> and jonathan, we saw trump reaching for an escape hatch. to commemorate the 70th birthday of a communist dictatorship he has decided to delay, delay hi...

Requirements and phase three, again they're not necessarily, they can run concurrently and the house is looking at starting a lot of that legislation, and so and dr. price is already starting to look through a lot of that administration, a lot of administrative aspect of it as well at hhs and figure out how do we start to achieve some of this untravel some of the pieces that are there. instilling choice and competition allowing people to buy their insurance over state lines allowing small businesses to pool the expansion of health saving accounts. all of the factors will drive down cost and ha...

Something that will benefit everybody and that's exactly the opposite of what's happening. >> phase two or three of this eliminate those requirements? >> reporter: i think phase two the administrative phase will look at a lot of the requirements and phase three, again they're not necessarily, they can run concurrently and the house is looking at starting a lot of that legislation, and so and dr. price is already starting to look through a lot of that administration, a lot of administrative aspect of it as well at hhs and figure out how do we start to achieve some of this untravel some of the p...