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Have done since this morning. right now we're off 425 points. that's 1.8%. this is just a bad market any way you cut it. most of it has to do with trade stuff. i want to show you something since this afternoon. you see these dips? it's not a straight line down. it's dipping and then people are buying. they're thinking it is over and then they're buying. then the people who wanted to sell are selling their stops. then they're buying, then selling, then buying, then selling. this is a market struggling to find its bottom right now. the general shape of this is really bad. it dropped beyond 2% ag...

>> making paper airplanes. >> trade stuff is just hard to talk about. it is not -- it is the -- >> hard to execute. >> it's important because it affects us and the price we pay for everything and the jobs we have which is why we're in a moment where it good to read up on trade stuff. >> but the fact there's this kind of unrest and conflict in great britain and having that here and then go to paris and we are seeing it there -- >> not unrelated. >> much more than the unforten american. >> every working class person in the world feels like they're forgotten. those people. who are making decision...

We need to have market rates set by the market, not by the fed. i think that's a great move moving back up to normal, seriously, there's nothing out there that i see that would cause this economy to move into a recession or a depression or anything else. i think larry kudlow is exactly correct on this and i hope the trade stuff moves faster and we get a free trade deal right away. the president has told me personally he doesn't want to use tariffs, that's the only leverage he has to get them to negotiate and cut tariffs and cut barriers. austin is completely correct, a trade war would be catas...

Tax cut? >> predicting the stock market is probably harder than predicting elections because you don't have polls and things to look at. let me give you a sense of what i think. the tax cuts were kind of a sugar high, a one-time rush of adrenaline and it did have a short-term positive effect on corporate profits and the stock market. now there are other things happening which have surpassed that. one of them is that interest rates rising because the budget deficit is getting larger and that pushes interest rates up. that has had an effect on the housing market. it's created turmoil in the emer...

American foreign policy establishment in its sense of conde scenetion to the american people and what's good is this nato stuff and trade stuff. it doesn't seem to be helping me personally. that's a case that needs be made again and again and for the last 15 years people stopped making it, don't you think? >> you're absolutely right. the same argument we have about free trade. free trade is part of this narrative you're talking about. really fewer and fewer politicians were willing to make the argument for why free trade was a benefit to our economy. i can couldn't on one hand the number of me...