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We want it to be fair. we want china to stop cheating but we don't want both sides to raise tariffs. we want more trade with them. that's a signal that the treasury secretary was sending yesterday. it's probably why the stock mark is up today. >> julie: it worked. >> trade wars are bad for everybody. we take it day by day with this administration. by to the extend they're signalling they want more trade with china, it's a positive step. >> julie: richard, how have the president's attacks on china put republicans in a difficult spot? >> let me say when the president first started this thing wit...

Low. you look what's gone on with the stock mark, we've created now almost $8 trillionth w of value just in the stock market. >> the stock market is smashing one record after another. and has added more than $7 trillion in new wealth since my election. >> all right. it's been a tumultuous couple of weeks for investors. president trump has weighed in here through twitter time and time again. a little less common the last couple of weeks. week-long roller coaster ride capped off friday. in that volatile trading session, there were two thousand-point swings. joining us now, josh barro, senior edi...

Economic advisor. and former economic advisor to the president obama. a professor at the university of chicago school of business. as we just heard president trump obviously takes full credit boasting the economies roaring under his presidency. particularly the stock mark not just the economy. on this day we saw the largest drop in mystery. he was sinl silent. isn't that one of the dangers of linking yourself to the stock market. >> it's not surprising he has been talking about up the stock market. since it has risen since he was elected. the dow was at 18,000. even with the big fall. there's ...

Called 9-1-1. >> he certainly had serious injuries, and i'm glad he was able to get to someplace relatively quickly to find help. >> crawford's doctor says he is sleepy but in good spirits. his wife, who works at the station, posted is in picture facebook, crawford checking his fantasy fast ball lineup and -- fantasy football lineup. he could be the hospital for five days, depending how long it takes to recover. >> if you have money in the stock mark or a 401k, this would not have ban good week to look away unless you happen to like stress. gerri willis is here to break down a crazy week on wa...

A false hope, if you will. the same people that are at home saying, my kid's okay, take taken care of -- this fund will be another gigantic unfunded liability that will only grow, grow, grow, maybe be borrowed from occasionally. the number don't ad add up. we want to help poverty, let's help these kids out of the gate, help them be smarter, understand the american dream, help them embrace the american dream. the promise of throwing money of this, never works. >> do we know where the $500 would actually go? i don't the we know that. >> we don't know that. i think any of this stuff would be smar...