 wrapping up just want to get those last comments in which related to what we've been talking about here the Fox Business Network throughout the president saying at the very end of those questions that no I don't think we're going to have a trade war I don't think so in answers to a reporter's questions in the Oval Office of the White House all right let's talk about this the market's obviously rallying today was down a lot of earlier it's up now and we have market watchers Michael Block David Benson and Melissa Armo all here in the studios with in the studio with us listening in on those comments good to see all of you Melissa if you want to take the first shot at this but the the president saying we're not backing down okay say NAFTA is a disaster which he said many times I hesitate but seems to be saying even though his trade advisor said the opposite but between his tweet this morning in those comments that these tariffs are a negotiating tactic when it comes to NAFTA how do you read into it well I'm a little bit confused this morning because last night you're not the only one trust me but that's the late that's kind of the latest read on it I think but yeah we're all confused yeah anything's possible with Trump the way I'm reading is maybe he hasn't made up his mind yet but the one thing is for certain he was just mentioning China yeah you know China is a good partner for us in some regards because most of the companies on the S&P the trade do business with China so the Chinese market the US markets were all tied together and you probably don't remember because the market had such a strong year in 2017 and probably nobody has this far of a memory but I remember as a trader person 2015 we had a huge fall in the summer in August 2015 that was because of China then we started the year down really badly in 2016 that was because of China so we we really would have been stronger I think in 2016 if it wouldn't have been for that slow week start to the year and it all was related to China so to say that we have nothing to do with them is not fair we do have a lot to do with them but Trump has good points about wanting things we know that there's David they have been dumping steel on the on the market for years at lower prices that does affect the global prices steal but David what do you make of what the president's doing now if I try to stick in the moment which you have to do with this president because it did seem last week and over the weekend that this was not a negotiating tactic these tariffs are across the board for a quote very long time now he's talking about NAFTA and using it seems like these tariffs is leverage right well it certainly seems that way I think that it's extremely likely that he himself is moving minute by minute I don't mean that negotiating tactic is unfolding I think that he himself is sort of being told we've seen him do that on other issues by my count there's about 20 advisors who he deeply respects and has received input from right from his campaign through early part of presidency that are vehemently against what he's doing there are two that are for it and one of them is somewhat tepid on it as well even will be Ross and commerce is that he didn't agree with it being totally sweeping including Canada in it along with China so there's some real silly stuff going on and I'm hopeful that he's in the process of unwinding it in a way that will help him save face well Peter Navarles the other one you're obviously referring to is deeply Michael in favor of it that does kind of lend some credence to the idea that maybe a Gary Cohn has gotten to him on this because you know we talked earlier and Jonas Ferris brought this up is that on other issues it's easier to get to this president but this is one he really does believe in it has a record for a long time of at least talking about these protectionist measures his mantra is I promise this and now I'm doing it look at me I'm actually keeping my promise whether it's a good decision or not we can talk about Navarro and Ross on one side maybe Gary Cohn's on the other side but the really relevant person we heard from today was speaker Ryan speaker Ryan saying he has concerns about this because he's listening he's watching the economic reality this kind of and he's saying wait a minute we have an election we have a midterm election that we're in danger of losing in November we're losing ground people are seeing through this and maybe some steel workers think they should be happy about this but there's a whole bunch of consumers and manufacturers and people who work for them they will consume goods who are not happy about that more people it does not make sense steel than making it certainly as we've seen those numbers played out the last we can't lose those industries I mean I will say if you look at those stocks I mean a cast you know I feel I mean these companies are in downtrends long downtrends for ten years more and we can't lose those industries and so Trump is trying to do something about keeping them intact I mean it's one thing to import certain things but we need to be manufacturing more of it here and support those industries the steel production levels have been flat for 30 years new core stock is up 500 percent in the last 16 years US Steel's profits have tripled these the reality is is the China represents 2% of our imported steel this is just the wrong way to go about these things these other arguments we got to go now unfortunately because of the comments that we took live so we appreciate all three of you coming on and then being flexible with us we'll be right back more Kivido coast to coast just a moment