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So, the issue here is not just the back and forth between the u.s. and china. this is really about the american consumer. when does the cost get passed down, because these companies are going to be taking a big hit. soybean farmers, folks who make cheese, all kinds of different manufacturing industries and almost every single type of food category that you can think of at the grocery store is slated to be impacted because of this back and forth between beijing and washington, d.c. we're expecting to see probably 170,000 jobs according to one economist eliminated within the year. and then if pr...

Ranging from textiles like nails to other kinds of factory goods and agriculture as well. so, the issue here is not just the back and forth between the u.s. and china. this is really about the american consumer. when does the cost get passed down, because these companies are going to be taking a big hit. soybean farmers, folks who make cheese, all kinds of different manufacturing industries and almost every single type of food category that you can think of at the grocery store is slated t to be impacted because of this back and forth between beijing and washington, d.c. we're expecting to see...

Dave? >> stunning images and a major development. live for us in seoul. 5:34 p.m. there. thank you. 34 minutes past the hour. president trump securing a trade deal with south korea, removing a divisive issue with our korean ally ahead of nuclear talks. the white house confirming details of a revised trade deal between the u.s. and south korea. many trade changes help u.s. car companies. rules on emissions standards and doubling the number of cars they can export. american car companies can export to south korea. the new deal is for 50,000 american cars per year. no u.s. carmaker exported mor...

>> sandra: fears of a global trade war ease off wall street. the dow rebounding 669 points yesterday. the biggest single-day point gain in about a decade. i'm joined by maria bartiromo. you are talking to the news makers every single day, six days a week, in fact, maria. what are they saying about the market? what's the overall trend? >> there's going to be nervousness and people were concern about trade changes and nafta with the election but as we've seen ore and over again with donald trump he likes to negotiate. he put out this thing about aluminum and steel and then has exemptions. everyb...

>> there is huge long-term damage. we're not learning our lessons. we didn't learn them in 2006 on immigration reform, and we're killing my party now in this short-term deal because it's going to happen the same thing. we've got 50 million hispanics here now. we'll have 100 million in 20 years. what makes people think that this is good long-term policy for my party? >> bottom line is if -- if marc short was as conciliatory as he sounded and that there really is a deal to be made here, why did the president waste an entire day yesterday? i've served in the white house and i've been through shut...