FUMBLED THE G7.

THAT'S THE FOCUS OF TONIGHT'S

ANGLE.

WATCHING THE AMERICAN MEDIA

COVERAGE OF G7, I CAN'T HELP BUT

THINK THEY CAN'T GO ANY LOWER OR

BE A MORE UNINFORMED OR MORE

DISHONEST.

>> WHAT IF ANYTHING DO YOU THINK

THE PRESIDENT ACCOMPLISHED AT

THE G7 SUMMIT?

>> IT'S NOT CLEAR ANYTHING.

THE PRESIDENT WASN'T LEADING AT

THIS G7 SUMMIT BUT HE WAS

MISLEADING.

>> WITH MORE OF A G6 PLUS ONE.

>> Laura: BRILLIANT ANALYSIS.

THE INDISPUTABLE FACT IS THAT

AMERICA UNDER PRESIDENT TRUMP

HAS AN ECONOMY THAT IS THE ENVY

OF THE WORLD.

BUT IT'S AS IF ON CUE, THE PRESS

FINDS A WAY TO FRAME THINGS IN

THE WORST POSSIBLE LIGHT AGAINST

TRUMP.

BUT HERE IS WHAT YOU NEED TO

KNOW.

NUMBER ONE, CHINA IS COMING BACK

TO THE TRADE NEGOTIATING TABLE

ALL BECAUSE OF TRUMP'S TARIFF.

NUMBER TWO, THE WHITE HOUSE AND

JAPAN ARE NEGOTIATING A NEW

TRADE DEAL ON AGRICULTURE AND

BEEF.

IT WILL BE GREAT FOR AMERICAN

FARMERS.

NUMBER THREE, THE U.K. WANT TO

TRADE DEAL.

THEY WILL HAVE TO WAIT UNTIL

AFTER THE BREXIT DEAL IS SETTLED

TO GET IT.

NUMBER FOUR, THE E.U. IS FACING

HUGE POLITICAL AND ECONOMIC

PROBLEMS.

AND AT NUMBER FIVE, WE HAVE THE

STRONGEST ECONOMY BAR NONE IN

THE G7.

YET PETER BAKER, A PENDANT

MASQUERADING AS A JOURNALIST WAS

SO DESPERATE THAT HE MEASURED

THE MEETING SUCCESS ON THE

NUMBER OF WORDS IN THE FINAL

STATEMENT THAT CAME OUT FOR THE

G7.

WITH ALL THE DIFFERENCES WITH

TRUMP, THEY LARGELY HAD A

STATEMENT THAT ADDED UP TO 264

WORDS.

14,263 WORDS.

INTERNATIONAL BUREAUCRATS, THEY

TALK A LOT AND RIGHT A LOT A

LOT, MEANINGLESS BLATHER.

AND THAT WAS BACK IN 2016 OF

COURSE WHEN THE U.S. ECONOMY WAS

LIMPING ALONG AND CHINA WAS

EATING OUR LUNCH.

DO YOU WANT THAT OR DO YOU WANT

A SHORT G7 STATEMENT ESPECIALLY

COMPARED TO THE FRENCH, THE

GERMAN AND THE BRITISH.

MY FRIENDS, THIS IS AN EASY

CALL.

THE FACT THAT MAJOR EUROPEAN

COUNTRIES ARE IN THE ECONOMIC

TURMOIL, IT'S NOT OUR FAULT.

IT'S THEIRS.

THEY STAKED THEIR FUTURES ON A

EUROPEAN UNION THAT WAS FLAWED

FROM THE INCEPTION.

THEY WERE OVER REGULATING THEIR

BUSINESSES AND OVERTAXING THEIR

PEOPLE AND THEY ALLOWED IN OVER

A MILLION REFUGEES OF VERY

DIFFERENT BACKGROUNDS AND VERY

DIFFERENT VALUES.

AND THE MEDIA SOMEHOW THINK

TRUMP SHOULD FOLLOW THEIR LEAD.

I DON'T THINK SO.

TRUMP HAD THE GUTS TO DO A

SERIOUS REVIEW AND REVISION OF

PREVIOUS ADMINISTRATION.

I'M TALKING BOTH POLICIES.

>> CHINA HAS TAKEN A VERY HARD

HIT OVER THE LAST NUMBER OF

MONTHS.

THEY'VE LOST 3 MILLION JOBS,

SHOULDN'T BE MORE THAN 3 MILLION

JOBS.

THE CHAIN IS BREAKING LIKE

NOBODY HAS SEEN BEFORE AND ONCE

THAT HAPPENS IT'S VERY HARD TO

PUT IT BACK TOGETHER, YOU

UNDERSTAND.

I THINK THEY VERY MUCH WANT TO

MAKE A DEAL AND THE LONGER THEY

WAIT THE HARDER IT IS TO PUT IT

BACK.

IF IT CAN BE PUT BACK AT ALL.

>> Laura: THE PRESIDENT IS

BEING VERY CRAFTY HERE AND VERY

PRAGMATIC.

HE STILL WILLING TO WORK A DEAL

WITH THE CHINESE, YET HE IS NOT

GOING TO AGREE TO ANYTHING IF IT

RETURNS THE UNITED STATES TO THE

STATUS QUO.

BEFORE HE CAME INTO OFFICE,

WHERE CHINA JUST CHEATED

RAMPANTLY AND THEY GOT STRONGER

AND STRONGER AT OUR EXPENSE YEAR

AFTER YEAR AFTER YEAR.

HE'S NOT GOING TO AGREE TO THAT.

YET, THEY ARE ESSENTIALLY TAKING

THE WORD OF THIS OPPRESSIVE

COMMUNIST GOVERNMENT OVER THAT

OF THEIR OWN COUNTRY'S

PRESIDENT.

THEY HAVE EVEN GONE TOO FAR FOR

CNBC'S JIM CRAMER.

>> I THINK YOU HAVE TO TAKEN

SERIOUSLY BECAUSE HE CAN WALK

BACK ON ANYTHING YOU SAID.

YOU COULD HAVE THE CHINESE

OFFICIALLY DENYING IT IN THE

CHINESE HAVEN'T NECESSARILY BEEN

SQUARE AND HONEST.

SUDDENLY WE BELIEVE THE CHINESE

ARE HONEST.

>> SO MANY PEOPLE WOULD'VE

RATHER TAKE THE WORD OF THE

CHINESE COMMUNIST PARTY.

>> I'M AGHAST THAT WE TRUST THE

PRC MORE THAN WE TRUST THE

WHITE HOUSE.

>> Laura: I LOVE JOE KERN.

HE WAS MAKING A POINT WITH A

LAUGH THERE BUT IT'S A SERIOUS

ONE.

NEVER FORGET WHAT YOU THINK

ABOUT TRUMP STYLE OR TWEETS,

WHATEVER IT IS.

LOOK AT THE RESULTS.

WE HAVE YELLOW BEST PROTESTS IN

FRANCE, WE HAVE THE ONGOING

BREXIT DRAMA, WE HAVE ITALY'S

GOVERNMENT IN COMPLETE CHAOS

MELTDOWN.

GERMANY HEADED ALREADY INTO A

RECESSION.

EUROPE IS IN CHAOS AND YET THE

E.U.'S ATTEMPT AT MANAGING

DEMOCRATIC SOCIALISM, WE SEE IT

HAS FAILED MISERABLY.

NOW REMEMBER THAT OBAMA, THE

DARLING OF THE MEDIA ELITES, HE

TRIED HIS BEST TO PUSH A

EUROPEAN STYLE AGENDA HERE IN

THE UNITED STATES AND THAT

WORKED OUT SO WELL THAT HE ENDED

UP TURNING OVER THE WHITE HOUSE

TO DONALD TRUMP.

PEOPLE DON'T WANT ANY PART OF I

IT.

THE DEMOCRATS AND THEY ARE

MARKETING THIS MADNESS TO OUR

YOUTH.

ZERO GROWTH, AND IT DESTROYED