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Speaking especially when you consider the white house continues to pushback against the idea that recession fears are warranted and as we heard all day long they certainly don't believe, let me take you to twitter, the president weighing on this as he wants to do, if you will, he said in the hour, our economy is the best in the world by far, lowest unemployment ever with almost all categories, you've heard him talk about lowest numbers for african americans, hispanics, asian americans, women, et cetera, big growth, input prices down, china eating tariffs helping targeted farmers from big tari...

Wall street expects pretty solid numbers. s&p 500 companies are forecast to post earnings growth of 20% from a year ago. that's down slightly from the first quarter. the real question, though, will we hear companies talk about tariffs hurting their business? the chief advisor at allianz says rising costs will be a common concern for corporate america. >> i think you're going to hear people talk about higher input prices. what you're not going to hear yet is people say that final demand has been hit, and that's key. >> and if trade tensions keep escalating, demand could slow as prices rise, and...

Economic marketplace, as you see the prices ripple through the economy, what we're going to see is like in 2002, job losses and in that case, 2002, more jobs lost throughout the economy than jobs -- mark: i think i read 200,000 in ten months. >> we're at the early stages of this. looking a year from now, i don't see how it would be much different than in 2002 and all the other times one would try to impose tariffs on steel. mark: what about the impact on inflation, when you're driving up the cost of raw material like that, which is everywhere. in cars, kitchens and appliances, and so forth and...

Input prices for american companies, makes them less competitive. they lose market share, less demand for workers. that's the part that you have to trace all of the effects through and not just look at the one steelworker whose job is now protected because of protectionism, we have to trace it through and look at the negative effects on the economy. when you do, that i don't think you can point to any case where the benefits of protectionism have outweighed the cost. it's always that the cost outweigh the benefits or the jobs lost are greater than the jobs saved. mark: what do you say when som...

Input prices for american companies, makes them less competitive. they lose market share, less demand for workers. that's the part that you have to trace all of the effects through and not just look at the one steelworker whose job is now protected because of protectionism, we have to trace it through and look at the negative effects on the economy. when you do, that i don't think you can point to any case where the benefits of protectionism have outweighed the cost. it's always that the cost outweigh the benefits or the jobs lost are greater than the jobs saved. mark: what do you say when som...