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This government shutdown we have been tracking capping off a wild week for wall street. the dow jones dropped over 1600 points. registering its worst week since 2008. this comes amidst reports president trump is discussing firing jerome powell. the man who he hand picked to serve in this position just 13 months ago. my panel is back with me and joining us is cnbc's ron insana. thanks for being here. can we pick up on that strident point that president trump reportedly discussing firing powell. people are saying, wait a minute he doesn't have the authority to fire jerome powell. >> just the fac...

To hold our word and that we're going to hold up our end of the bargain. nothing. there's nothing there. you're right, there's a trust deficit not just on capitol hill but across the world. >> that's why we have seen data from pew say that the standing america has globally has dropped significantly since president trump came into the white house and people think it's about not liking his tone or his character. some of that is it. but some of it is just a lack of confidence that the u.s. is going to do with the u.s.'s will. >> final point? >> sure. >> what do you think the impact will be for th...

Democrats from whom we will need votes reach an agreement. >> leader mcconnell there in his red and green. the only signs that christmas may be coming. thanks to my panel for being here. fantastic panel. ali, i want to start with you. i think what we have witnessed over the past 48 hours has been remarkable. you essentially have lawmakers throw up their hands and say, we can't reach a deal. the president wants $5 billion for the border wall and democrats say we're not giving that to you. where do you see things right now? >> well, democrats also have the option of you can wait about six days, ...

Whether or not he put powell there is kind of to the side. because he's now the foil he needs to make the point that he needs to make on the economy. >> fantastic point. >> the tax bill, the tax bill, that lost so many republican votes last time around. he's still fighting back and clawing back from the erosion in the republican base around that tax bill. >> and the deficit is getting big sore it's harder to fiscally stimulate the economy going forward. >> thank you for helping us to understand this, ron insana. a day and half into the latest government shutdown and adjourned until after the...

And don't like mueller to take his sides but as the investigations expand there's more coming out, more names repeatedly. even those who backed trump are this point i don't know if it's truthful. >> let's look at the number of trump entities under investigation because this past week they agreed to close down the trump organization. take a look at that. it's really stunning. of course not all of that is a part of the russian investigation we want to clarify that. but to what extent does this have a political implication for the president in 2020 and could it help energize his base, sort of the...