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Input cost you see prices rising. paul: the president needs a strong economy. if he goes into reelection year with two percent growth or worse, i think he will lose. so sooner or later he's got to do a deal. it is for that reason, something, deal in the early part of 2019 at the latest. >> certainly, pressure will be mounting. because the tariffs that were slapping on china are actually taxes paid by americans. and that is why we at the chamber think they are the wrong approach. so we do think that this is going to linger on a bit longer. but the pressure is going to be there mounting i think ...

Is going up but the pain is there underneath the surface and you see it in construction as well where a lot of the input cost you see prices rising. paul: the president needs a strong economy. if he goes into reelection year with two percent growth or worse, i think he will lose. so sooner or later he's got to do a deal. it is for that reason, something, deal in the early part of 2019 at the latest. >> certainly, pressure will be mounting. because the tariffs that were slapping on china are actually taxes paid by americans. and that is why we at the chamber think they are the wrong approach. s...

Problems, but that is just not good economics, and it's even worse geopolitics as you point out. look, we tried tariffs a hundred years ago after world war i. we imposed the hawley-smoot tariffs. that's what essentially cracked the global economy and created the great depression, blew apart our alliance system in the world. we need to have a measured approach using the world trade organization, there are mechanisms to address these imbalances. simply shooting from the hip with an out of the blue set of tariffs that would apply to allies, partners and friends, is bad economics and bad geopoliti...

I'm not a huge fan of the fed. if they don't come in we have things like the depression. >> one of the biggest costs. >> what happened. >> one of the biggest costs to a farmer producing the feud. >> the biggest cost? >> energy is the biggest input cost but that follows the whole economy. >> we're going to have to leave it right there. hillary clinton making the rounds to sell her book and maybe herself. is this really the answer you want to hear from a leader? >> this was the fog of war.

Report, i'll pull out another one, bernard bermole, they may be putting hiring plans on hold while they try to assess what kind of impact the oil situation will have for their business because it means higher shipping costs, higher input cost, it's more expensive to run the factory in general, it's more expensive to buy products, packaging and everything. so that's something that it could mean trouble for the economy if you still continue to see oil prices rise. >> stephen, as you like to remind us, there is something good about oil over $100 or $150 a barrel, because it stimulates other inves...