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Uncertainty, not that they can't get cheap capital. >> let's talk more about this and the politics for the president. a white house reporter interest the post, and jeff mason joins us. jeff, let me begin with this. up until a few hours ago, so overnight last night, hashtag trump rusession was trending on twitter. and axios was reporting this morning a source close to the president told jonathan swan there i'm very worried about the latest economic data. all of us are concerned with the narrative. he can't win. >> there's reason to be concerned. number one, if the president has made the economy...

Next hour or so. you're seeing the senate -- you see the senate doing both the prayer, followed by the pledge of allegiance. we expect that to be fol lowelled by senator mitch mcconnell speaking before we around 10:30 or so get the first vote on judge kavanaugh's nomination. that will essentially be the cloture vote to end the debate on his confirmation process triggering the remaining 30 hours or so. so we will dip into that as the senators begin to take the podium. as they make any comments over the course over the next several hours. time now for money, power and politics. the markets just ...

>> i just think that this conversation has become a little ridiculous when we're putting mechani maxine waters and donald trump's rhetoric on the same level. >> shannon, we only have 15 seconds but what's about the next step for this white house and where do they go? because they went like that from we need to get this immigration plan fixed to let's wait until after november. >> i mean, the ball is in congress's court now and it doesn't look like anything is going to happen. they have signed this executive order which gives them 20 days where these children can be held under the law and the b...

Fines as a result. everybody is keeping an eye on zuckerberg. the stakes are high. it's more than just politics. >> i want to go to wall street, what the dow is doing. up 380 points after it took the big dive yesterday because of the raid on michael cohen's office. and overnight then, chinese president xi jinping spoke at an international summit, easing some fears apparently of a trade war when he announced china would, quote, considerably reduce auto import tariffs and, at the same time, reduce import tariffs on some other products this year. let me bring in cnbc's dominic chu. looks like wal...

Biden. more on the rally tomorrow. we're also watching what's happening on wall street. stocks are trying to bounce back in its first 50 minutes of trading. the trade war sent the dow into a dive yesterday but the big board is showing it's up about 50 points, at least at this point. that's after china announced plans to retaliate against the united states. msnbc's david is live with the new york stock exchange. explain why the market is concerned about this potential escalating trade war? >> there's a lot less anxiety there was. the big dow up about a quarter. it was up higher this morning. ...