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Economists? [laughter] >> melissa: that's a great point! i don't think any of them. although elizabeth warren act like she has a lot of knowledge about the economy. i've interviewed her many times going back to my days at cnbc created in my mind she has never had a lot of economic knowledge. she was a lawyer, but not a lot of economics. i would say this -- the idea that we are due for a recession or that we may have a recession comes from two different places. one, we generally have one every ten years. if you look at the clock we are due for it, that means nothing. it's just averages. the sec...

This isn't just an outrage one, this is a hard one for us as a country. >> congressman, stand by. we do want to for a moment turn to growing concerns about the economy. as you can see, the market's little changed this morning. little changed after suffering the worst day of the year on wednesday falling 800 points if the was a drop of about just over 3%. all of it triggering concerns of a recession. jolting world markets as well. and as nbc's first read futs, the economy has been keeping president trump afloat for 2020. what if it sinks? ali velshi joins me now from the floor of the new york...

Left the white house fl, he's running out of tools. continued economic expansion is not a given, rather than attack the global system that has produced so much prosperity for america, trump would do well to harness its potential for economic growth. so our big question today is president trump is own worst enemy when it comes to the economy. joining me is white house bureau chief for the "washington post" phillip rucker, republican strategist rick tyler, msnbc political analyst, and chief economic correspondent for politico and cnbc contributor ben white. ben, let me start with you because of ...

Point. so we are seeing p,improvements. see the bottom right of the corner, the chart. we've seen something of a gain between 3:00 and 4:00 or less of afá loss on the dow. but we are ending with another gre!ásr than onet( point loss across the board on u.s. markets. we will be watching very closely to see if tomorrow isxd the sam thing. again, five weeks of straightr idea.r you're still up a little bit for the year. that'sq something to keep in mid as da-ing ast( thnyí trade war has been to your investments, the markets have done well over the past year. almost all thuk negativity in te mar...

: another roller coaster day on wall street. the dow is up 171 points. it's been up and down all day. the week started with the worst christmas eve session followed by wednesday's historic thousands plus gain and yesterday the dow erased a 600 point loss in the final two hours of trading to end up 260 points. let's check the broader markets today. the s&p is up 22 almost 23 points. nasdaq up almost 76. even with that, stocks are on track for their worst december since the great depression. the dow and s&p are down more than 9% this month alone. the nasdaq down 10%. i've talked to a few folks w...