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We buy a lot more from them than they buy from us. but they control their economy and they have a lot of different pieces they can move around and even apart from the actual trade pieces, i'm not sure you want to go into a trade war with somebody that you owe $1.2 trillion to because there's a lot of stuff they could do there. the stuff they could do geo politically. david may want to talk about the south china sea. we're trying to get china to help with north korea. i don't think the nature of the chinese is to confront them and put them in a position where they can't lose face is a dangerous...

President said in that meeting last week. we should get something a little more formal this week and there's always the opportunity the president makes a tweak or changes his mind. he's somebody who ideologically can make a decision based on who has his ear at the end, although, of course, he's been in favor of this sort of trade approach for decades now. look, gary cohn is frustrated, according to our reporting, considered leaving, but as of now he's still there and will be there until he walks out the door. >> quickly, phil, if i could, a lot of republicans expressing displeasure with what t...

President trumped trade approach, especially when the president says he's going to pull out of nafta. chris? >> rich edson reporting for the state department, thank you. the democratic governors of new york, new jersey, and connecticut say they are forming a coalition against president trump's tax cut law and plan to sue. they say the new law discriminates against states with high income residents, states that also happen to vote democratic. other states are said to be mulling legal action as well. another huge day for stocks, with new record closes all around the dow surging 224. the s&p 500 ...