Skip to main content

tv   MSNBC Live With Stephanie Ruhle  MSNBC  July 23, 2018 6:00am-7:00am PDT

6:00 am
law. there are a lot of things that can be done. the history of the american congress is rich with examples of members of congress being willing to push back on the executive and i think people ought to take a page from that. >> all right, that was quite an answer. i agree, you'd want to have a response. we're up against the end of the show, but let's get you back tomorrow. love to continue it tomorrow. one thing charlie, eric a degree wi agrees with you on, people don't need to get their news from fox news anymore. they can get it from eric. >> it's digital, it's there all the time, live, 5:00, a few days a week. >> look at that, bringing people together, the united, not divider. thanks for watching, folks. we'll get two guys back tomorrow and hopefully have more time.
6:01 am
right now, let's go to stephanie ruhle. she starts right now. >> good morning, i'm stephanie ruhle. president trump lashes out at iran on twitter, threaten being the country with consequences few in history have ever suffered after the iranian president warns trump war with iran is the, quote, mother of all wars. and after secretary of state mike pompeo attacks iranian leaders. >> iran is run by something that resembling the mafia more than a government. >> ooh. and top secret documents officially released. for the first time ever, the fbi makes public classified documents related to the wiretapping of former trump campaign aide carter panel who denies being a russian agent. >> i sat in on some meetings but, you know, to call me an adviser i think is way over the top. >> and show me the money. president trump's big tax cuts were supposed to lead to more
6:02 am
money in your paycheck. here's a question, why are wages falling? we're going to ask the white house. >> big fat beautiful tax cuts. and hopefully we'll get that and then you're going to really see things happen. >> we begin this morning with president trump's twitter ty raid against iran, describing president rouhani's war receiptic as, quote, demented words of violence and death. all of this as secretary of state mike pompeo appears to declare united states support for a new iranian revolution. i have a great team here to break down all of that. we got a lot to cover this morning. first, i want to get you caught up with what happened while you were sleeping because this situation escalated quickly. remember, iran has been under tremendous pressure lately and things are likely to get worse with the united states preparing to reimpose sanctions next month. against that backdrop, president rouhani went after trump sunday in a speech to iranian diplomats.
6:03 am
saying, quote, mr. trump, don't play with the lion's tail. this would only lead to regret. america should know that peace with iran is the mother of all peace and war with iran is the mother of all wars. in response to that, president trump delivered a twitter threat in all caps, quote, to iranian president rouhani, never, ever threaten the united states again or you will suffer consequences the likes of which few throughout history have ever suffered before. we are no longer a country that will stand for your demand ement will stand for your demand emed words of violence and death, be cautious. while that may seem a little over the top, here's the thing. it's not unusual at all. remember, he threatened north korea in the past. this time, the administration may be ready to do more than talk. at the same time, the president was tweeting, his secretary of state mike pompeo was giving a speech in california where he sent a message to the people inside iran. >> the proud iranian people are not staying silent about their
6:04 am
government's many abuses. the united states, under president trump, will not stay silent either. in light of these protests and 40 years of regime tyranny, i have a message for the people of iran. the united states hears you. the united states supports you. the united states is with you. >> iran's government says the u.s. is just trying to meddle in its affairs. but the truth is, iran's leadership may be more vulnerable than it has been in quite some time. iran's currency has collapsed. its unemployment rate has risen above 12%. all while the iranian government spends billions in places like syria. as a result, the country has been plagued with anti-government protests for many months. on sunday, pompeo stopped just short of calling for a full-blown revolution but drew parallels to america's own experience with the leaders. >> when the united states sees
6:05 am
the shoots of liberty pressing through iranian soil, we pledge solidarity. we took a hard step towards becoming a free country. while it is up to the people to determine the direction of their country, the united states, in the spirit of our own freedoms, support the long-ignored voice of the iranian people. >> nbc's kristen welker live at the white house. it's no surprise president trump would jump on this. he wants to distract us from michael cohen, taping conversation, from the awful week he had following the helsinki summit. what's pompeo doing here? >> well, look, i think this is a whole of government approach. i think you're right, they're trying to turn the page away from the russia controversy, that fallout in the wake of the helsinki summit, but they're also responding to that warning by iran's president. remember the maximum president campaign, stef, that we saw the president take towards north korea. this is the threat of new
6:06 am
sanctions next month hangs over this entire war of words. this escalation we are seeing. i asked sarah sanders if this is merely an attempt to change the subject away from russia. take a listen to what she had to say. >> i think the president has the ability, unlike a lot of those in the media, to actually focus on more than one issue at a time. and certainly we know the media's obsessed with speaking about all russia, all the time, but the president's focused on a lot of things taking place across the globe and iran is one of them and it's been something we talked about. >> does he run the risk -- does he run the risk of inciting the war with iran, does he run the risk of inciting a war with iran with that tweet? >> the president's responding to iran and he's not going to allow them to continue to make threats against america. if anybody is inciting anything, look no further than to iran. >> and, stef, sarah was also asked if the president's broader goal here was to bring iran to the negotiating table like he did with north korea.
6:07 am
sanders saying she's not going to get into the president's strategy but this does come against the backdrop of president trip announcing that the u.s. is withdrawing from the iran nuclear deal. that was a very controversial move. but the trump administration making the case they didn't feel it was tough enough. they didn't feel as though it reined in iran's first ability to develop a nuclear weapon but, second of all, some of its bad actions in the region. so they are taking what they believe is a tougher line against all of this. will it work? will it bring iran to the negotiating table? those are among the questions we'll be looking for, stef. >> certainly have a lot. i want to bring my panel in. there's a lot to get to. editor and columnist for foreign opinion. and christine queen, vice chair of the new york state diplomatic party. bobby, to you first, president trump threatening war ining war with the protesters, is this a
6:08 am
shift? >> no, the president and his proxies have been making war-like rhetoric to iran for a while. the fact he chose to respond to this particular provocation from rouhani may be a matter of timing. maybe, as we said at the start, designed to distract from the awful week he had. with pompeo's outreach to the iranian iranians, it seems more designed for a domestic audience. that is basically anti-regime in iran. because iranians are not going to take that very seriously. there's already evidence of that. iranians are push back. ordinary iranians saying how come if you're so concerned, how come you're banning us from going to the united states? if you really want to help ordinary iranian, why won't you let us into your own country? you know, this smacks of hypocrisy up and down, both sides, it should be said. the idea that this is all
6:09 am
designed to lead to the same outcome as we saw with north korea that a singapore-like summit that takes place a few months down the line -- >> except our middle east allies in iran, as it relates to iran, don't want us to sit down with rouhani. in the north korea instance, south korea, china, sure, they'd like it. >> the president is saying he doesn't care what our allies think and want. so i think we can put that aside. but more practically, what this is doing is it actually uniting iranians rather than creating a split between them. rouhani was under a lot of pressure from the hard-liners. now he and his hard-liners have something in common. there were all these protests in iran against the government. now the government is able to say to these protesters, this is not the time for internal dissension, this is the time to unite against an external threat. >> the economy, people there do not have jobs, they're looking at millions of dollars being spent on things like syria.
6:10 am
if we impose more sanctions, could we strangle the economy so much that it forces regime change? >> think it's absolutely true we are able unilaterally as the u.s. to inflict economic pain on iran. since we decided to leave the agreement, we've seen european companies, they're worried about retaliation from the u.s., they're pulling out of projects. you have companies like these saying they're not going to invest anything more in the future. the problem is, we don't have the leverage we had four years ago, which is that we were able to reluctantly sort of drag all the europeans with us and impose not global sanctions but sanctions from a large number of developed countries. we don't have that bait anymore, right? so we can inflict some pain. the most important question is, what does china want. so in the case of north korea, it was very clear that china wanted and was nudging north korea in from the cold. right now, iran has a very nice economic position for china which is on the path between china and european and just as
6:11 am
they are with pac and a bunch of other countries, they're investing in iran. they don't care what we're doing and they're going to keep paying to build roadings in iran. >> christine, mike pompeo is calling for other countries to back us, to help us here. i want you to listen to what he said. >> we are asking every nation, every nation who is sick and tired of the islamic republic's d destructive behavior to join our campaign. we are calling on all governments to end their flirtations with the revolutionary regime and come quickly to the aid of the iranian people. >> how does that work? how does mike pompeo call on our allies in the middle east and europe, i believe it was less than a week ago, trump said europe was our biggest foe. >> right, and attacked merkel, attacked theresa may, attacked montenegro, i mean, calling them aggressive aggressive. that tweet is the definition of aggressive. i want to tweet something else
6:12 am
mike pompeo said that pompeo said the trump administration would be willing to hold talks with the iranian government if it stops repressing dissidents and religious minorities and stops supporting militant groups in conflicts elsewhere in the region. that sounds like a sentence that should have been read and written prior to a meeting with putin as a condition for meeting with putin. so the standard here, wish it was just iranic, but it's worse than that. again this posture of what they're saying here in iran i think calls into question what's really going on with putin and russia as well. >> could this end, bobby, in military conflict or is this a president trump special? create a massive conflict, settle down the conflict and then take credit for settling a conflict that he created? >> listen in so many ways, we're already in conflict with iran. we have, to some degree in iraq, our allies are in conflict with
6:13 am
iran. the risk is you have a hostile actor who work as iran's proxy. iran does not have to respond by launching a war with the united states. iran can act through hezbollah, through any numbers of militias, through hamas. look, if this is only a twitter war, then we can all rest assured. but the truth is, there are too many, for want of a better word, crazies at play in the region for us just to take it -- to be that sanguin that this is only going to be a twitter war, that's the real fear. >> can iran fight back in a real way? >> yes, absolutely. they're conducting cyber operations, proxy operations. the challenge is i think it's very difficult for any american, and particularly this american president, to become sort of acquainted with the new reality that there is a lip tation to what we can do alone in the world. and so we should not lose sight of the fact that iran is a bad actor here, right.
6:14 am
the question is, how do you respond to a bad actor. things like the tweet, they make it increasingly difficult to bring together other countries that might help us. so -- >> as does his terrible treatment of nato. i mean, just terrible. that's not going to make people stand up and be with us, particularly be with us in response to tweet diplomacy. >> well, it forces people to respond to the president's tweet with the germans who came out and said this is not helping. this does not help the situation, you know, let's have less of this. germany's one of the allies we're going to need in order to put those economic sanctions we want to have work in iran. we're going to need the germans. the europeans are trying hard to find a way around the sanctions. we're giving them excuses to do that. this is the president hurting his own strategy in iran by sort of late-night tweets. this is not the work of a consistent strategy. this is just him going on
6:15 am
freelance. >> well, he's successful in that the lead story today wasn't michael cohen taping him. >> i keep thinking of the trade war with china. is china a bad actor on trade? 100%. how do you approach that? you bring together absolutely everybody else in the world and say let's get together and describe exactly what we want from china and how we're going to get it. that is not what he's doing with china. it's not what he's doing with iran now. >> you can do that, or you can tweet through the middle of the night through a narcissistic lens that sees international affairs through only whether you look strong or weak. coming up next, for the first time in the history of the fisa court, the fbi released the documents relating to the surveillance of former trump campaign aide carter page. whom the agency suspected was working as a russian agent. what do the secret documents tell us about the russia investigation? well, as we learned this weekend, they tell us exactly what you want to hear depending on who you are.
6:16 am
lowest price on our rooms, guaranteed? let's get someone to say it with a really low voice. carl? lowest price guaranteed. what about the world's lowest limbo stick? how low can you go? nice one, carl. hey i've got an idea. just say, badda book. badda boom. badda book. badda boom. nice. always the lowest price, guaranteed. book now at every day we hear from families who partnered with a senior living advisor from a place for mom to help find the perfect place for their mom or dad thank you so much for your assistance in helping us find a place. mom feels safe and comfortable and has met many wonderful residence and staffers. thank you for helping our family find our father a new home. we especially appreciate the information about the va aid and attendance program. i feel i found the right place. a perfect fit. you were my angel and helped guide me every step of the way
6:17 am
thank you. the senior living advisors at a place for mom partner with thousands of families every month, listening and offering local knowledge and advice to help find the best senior living communities across the country and it won't cost you a cent. this is a free service. call today. a place for mom. you know your family. we know senior living. together we'll make the right choice.
6:18 am
i want all of it. great to have epix? open this. you'd laugh. you'd cry. don't you think i had dreams and hopes. what about my life? what about me? maybe even laugh while crying. so you know, even if you're a psychopath, it touches your heart. sounds pretty great, right?" we're on to something. come on. and the best part is it's easy to upgrade. just say, "add epix." epix has a whole lot more. whoa!
6:19 am
this is so ridiculous, it's just beyond words. i've never been an agent of a foreign power in -- by any stretch of the imagination. >> that of course was former trump campaign adviser carter page, hitting back at the idea he is a foreign a gent for russia. this comes on the heels of the fbi, for the first time in history, releasing documents supporting a warrant under the
6:20 am
foreign intelligence surveillance act. what is it? well, the heavily redacted more than 400 page document says, quote, the fbi believes page has been the subject of targeted recruitment by the russian government. it goes on to say, quote, the fbi believes that the russian government's efforts are being coordinated with page and perhaps other individuals associated with candidate number one's campaign. nbc investigations reporter tom winter joins me now. tom, walk me through exactly what this is. because carter page has not been charged with any crime. but lay out, what else are we learning from this 400-page document and how lawmakers react. >> we're not learning a ton because it's so redacted. a lot of this information to get -- >> what does that mean, redacted? >> redacted means there are lawful exemption where the government can say, yes, we'll release this to you. it's a freedom of information act release document. we can withhold certain
6:21 am
sections. we're literally going to black them out on a sheet. that's not going to allow you to see them because it may be top secret information. this is a good example of a redr redaction there. all the lines in black. there are lawful exemptions the government has. that's what it means by redactions. i think they're starting to reflect what a lot of this has been reporting. i think we want to hear right now from senator rubio and tray gowdy. >> i don't think they did anything wrong. they laid out all the information and there was a lot of reasons unrelated to the dossier for why they wanted to look at carter page. >> my take is carter page is more like inspector gadget than he is jason bourne or james bond. i'm sure he's been on the fbi's radar for a long time, well before 2016. >> trump's never met him? great, fine. he was clearly part of this
6:22 am
team. >> well, i think the key thing is both are accurate there. i think to say that carter page is a sort of mastermind of a collusion effort is not something law enforcement would agree with. so i think trey gowdy is accurate there. i think when you look back and look at all this, whether or not he was in close connection with president trump or not is not really the question here. it's not the question about getting this fisa application. the government knows because they interviewed him and it says actually in this fisa application, the fbi talked to carter page about his involvement with several russian intelligence individuals who were arrested here in new york city, charged and convicted. the ones that were here, that they were able to get their mitts on. so this is not somebody whose interactions with russia was a foreign thing to them. this is not something that relied on this source document, which we now know to be christopher steele. they already had a lot of
6:23 am
information on him. building one of these warrants is like building a house. you've got to have a foundation. you've got to actually build the structure. you've got to fill out all the key parts of putting together something that's sound. the government already had a terrific foundation and was well on its way to building the first floor. because of the involvement that carter page has and his travel that he has that dated back to before the investigation began. >> so that's what's important. because right now when republicans are saying see, and trump, it's all about the dossier, the dossier, the government needed far more than the dossier to get this fisa warrant. >> without a doubt. >> help me understand in the court of public opinion. because the president calls this a witch hunt all day long. but we know that the full list of indictments and plea deals in the mueller probe at this point totaled 35. so when the president calls it a witch hunt, it's nonsense. but in this case, getting the fisa warrant, the four judges involved are republican appointed judges. >> that's correct. this was actually approved four times which means there was some
6:24 am
sort of ongoing information that law enforcement believe, federal law enforcement, the fbi, believe that they were getting that was advantageous to them, that was lawful for them to continue to get, and four judges continued to sign off on that, based on the information, based on what the fbi had. there were whole pages of this application that we can't see so we don't know what other information they had. one other thing i want to mention, i want to show the document we were looking at before if i could. we were showing the redactions. what this document also shows, there's been a lot of discussion the fbi never disclosed to the foreign intelligence surveillance court, those four judges you just referenced. they never tdisclosed to them where the information came from. this christopher steele dossier information. that they never disclosed where it came from and who it might have been paid by. on this document, it clearly says that, you know, hey, court, understand that this is somebody who's been reliable to us in the past but understand this person's being paid to get this
6:25 am
information and understand that we speculate that this information, that the person who's paying for this information is a person who's paying for it, to discess candidate one, we say, which we now know to be donald trump. the fbi was clearly, and the department of justice was clearly above the board in this case, in disclosing to the foreign intelligence surveillance court judges, hey, this is where we're getting some of the information from. by the way, it may be coming from somebody who's being paid to discredit the person -- the candidate one, president trump, the person who page is associated with. >> 35 indictments and plea deals and the judges were republican appointed. i want to bring in our guest, a white collar criminal attorney who represented three white house employees during the clinton scandals. from a legal perspective what sticks out to you from a fisa application? >> fisa was a law passed in 1978. this is the first time the fisa warrant has been revealed to the public. which is highly unusual obviously and could have
6:26 am
detrimental ramifications. what sticks out to me is that you had other evidence. it wasn't just the steele dossier, as tom alluded to. in fact this provides indisputable evidence that it's inconsistent with what david nunes and donald trump has been saying in terms of what facilitated the fisa warrant. it was approved by four republican judges. it's a probable cause determination. it's renewed every 90 days. so it really strengthens the argument that the fisa warrant was not the basis of this investigation. >> okay, that's if you read the details and dig into it. but if all you do is listen to the president's tweets, he goes on a tweet tirade and now says we find out it was indeed the unverified and fake dirty dossier paid for by crooked hillary clinton and the dnc, that was knowingly and falsely submitted to fisa and which were
6:27 am
responsible for starting the discredited mueller witch hunt. i want to share what top democrats on the house intel committee adam schiff said. >> i think he's act like someone who's compromised. it very well may be he believe he's compromised, that the russians have information on him. >> what are your thoughts? >> putting aside whether he's compromise order not, obviously that's a very legitimate question, the issue is he continues to put out this is a witch hunt. you've had five pleas of guilty, including national security adviser. his deputy campaign finance chairman has pled guilty. and is cooperating. so it's clearly not a witch hunt. there's a good faith basis to the investigation. it will go on for quite some time. the period of time that mueller has been investigating has been really short compared to iran/contra, compared to the
6:28 am
clinton investigation. and so this will go on and we'll see tweets every morning about what donald trump thinks about the investigation. >> all right. well, there's a lot more to cover on this, it's not going anywhere. jeff, tom, thank you. cominge ing up, president t says the stock market rally gives him an opportunity for his trade war. when the chair of the council of economic advisers joins me next live for money, power, politics. ♪ if you have moderate to severe plaque psoriasis, little things can be a big deal. that's why there's otezla. otezla is not an injection or a cream. it's a pill that treats psoriasis differently. with otezla, 75% clearer skin is achievable
6:29 am
after just 4 months, ... with reduced redness, thickness, and scaliness of plaques. and the otezla prescribing information has no requirement for routine lab monitoring. don't use if you're allergic to otezla. otezla may cause severe diarrhea, nausea, or vomiting. tell your doctor if these occur. otezla is associated with an increased risk of depression. tell your doctor if you have a history of depression or suicidal thoughts, or if these feelings develop. some people taking otezla reported weight loss. your doctor should monitor your weight and may stop treatment. other side effects include upper respiratory tract infection and headache. tell your doctor about all the medicines you take and if you're pregnant or planning to be. ♪ otezla. show more of you.
6:30 am
6:31 am
your hair is so soft! did you use head and shoulders two in one? i did mom. wanna try it? yes. it intensely moisturizes your hair and scalp and keeps you flake free. manolo? look at my soft hair. i should be in the shot now too. try head and shoulders two in one. we have one to two fires a day and when you respond together and you put your lives on the line, you do have to surround yourself with experts. and for us the expert in gas and electric is pg&e. we run about 2,500/2,800 fire calls a year and on almost every one of those calls pg&e is responding to that call as well. and so when we show up to a fire and pg&e shows up with us it makes a tremendous team during a moment of crisis. i rely on them, the firefighters in this department rely on them, and so we have to practice safety everyday. utilizing pg&e's talent and expertise in that area trains our firefighters on the gas or electric aspect of a fire and when we have an emergency situation we are going to be much more skilled
6:32 am
and prepared to mitigate that emergency for all concerned. the things we do every single day that puts ourselves in harm's way, and to have a partner that is so skilled at what they do is indispensable, and i couldn't ask for a better partner. vice president pens is touring the country promoting the president's agenda, focusing on the big tax cuts. the numbers he's touting certainly sound good. here's the vice president this weekend in chattanooga, tennessee. >> since the president signed our tax cut into law, that little bit of good news came along is that more than 6 million americans have already received bonuses or pay raises or bigger benefits even before all the tax cuts have gone into effect. i was told coming into today 56,000 workers across tennessee have already received a pay raise or a bonus following the president's tax cuts.
6:33 am
>> 6 million americans and 56,000 in tennessee with a pay raisebonus, thanks to the tax law. that sounds very good. let's give you the total numbers. 6 million of the total labor force of 160 million people is just 3.7% who saw any kind of increase in pay or a bonus. as for the $56,000 in tennessee, that is less than 2% of the state's workforce, seeing more money in the paychecks. overall wages are down. people are working longer hours for less money. inflation is rapidly on the rise. the average consumer is bracing for an increase in their groceries thanks to the president's brewing trade war. if there ever was a time that the u.s. workers needed a pay raise, it's now. joining me now, is the chair of the council of economic advisers kevin hassette. 50% of americans, and i'm not talking just republicans, i mean all americans, feel good about the way the president is
6:34 am
handling the economy. the economy is a win argning argument for this administration. why would the administration wage a trade war and risk losing it? >> i think what we're in is a trade negotiation or trade reform. you know, i think -- in fact, the president has probably more support against democrats than republicans. in the view the trade deals need to renegotiated. we've got a bunch of europeans coming here this week. so i think in the end, what's going to happen is other countries that have big barriers to our exports are going to lower them because the president's going to negotiate better deals. but you're right, that at this time right now, what you're seeing mostly is uncertainty and that uncertainty is a little bit rattling for markets and something to keep an eye on. finally, the last thing i wanted to do is come back a little bit at you on the wages. i think the best measure of wages is the uci. over last three months, that's increased at an average rate which if you extrapolate it for
6:35 am
the rest of the year would be 4% wage growth. the antidote the vice president gave -- >> but they're including supervisory roles. we're not arguing that executives, they're making bank. i'm talking about low wage workers and if you look at the numbers from june 2017 to june 2018, they're down. >> yes, well, one of the things about the bls numbers that we've been working a lot to smooth through is that you saw that in the last month, 600,000 people entered the labor force and, you know, we're looking at millions going back to 2016 and those people, it's really good news they're doing that. those people who enter the labor force tend to be people who are out because they have lower skills. that has an effect on the average because you have more low skilled workers than the labor force. we're getting ready to put some stuff out at the cea that shows what happened to median wages and how this competition effect affects wages. it's worth almost a percent that you're averaging over a lower
6:36 am
skilled group. i think the wage numbers are going to get better. we're looking on friday for a number well north of 5% for second quarter gdp. it's going to be good for workers too. i think we're already seeing it in the data. >> when you look at all of these companies and it's positive news. some are committing to hire more people in these jobs train iing programs. with that commitment are they going to agree to certain wage parameters? the story we're hearing time and again, it's not that there aren't jobs out there there are loads of jobs, but there's not enough jobs that pay a living wage. when you've got amazon employees or walmart employees that are on government assistant, it just doesn't seem to make sense. >> right. you know, you're right, there's been a hallowing out of the middle of the workforce. this is something the president spoke to during the campaign and something ivanka and i were on tv last week talking about the president's new initiative that's going to try to get people the skills they need.
6:37 am
50% of people who lose their jobs have to change industries. if you're doing that when you're in your 40s, it's hard to change industries. right now if you look at government spending, we spend almost $2,000 per person to train them before they're 22. after that, it's only about $12,000. for rest of your whole life. so people are having to change occupations in the middle of your career and there's really not government assistant for them as they try. so that's something the president and ivanka have been talking about. because we've got this bold new initiative to try to fix that. >> it's a great idea, a great initiative. >> thank you. >> where's the money going to come from? because many people worry all the budget cuts that have happened, we don't know where you're going to find that money. can you tell me? >> yes, sure. so the american council for the american worker, which i'm a member of, which was established last week by the president, is going to study the training issue and suggest improvements and i think it's going to be pretty easy to improve because
6:38 am
right now we've got 45 training -- >> who's going to pay for it, sir? >> i was just about to get there. we've got 45 training programs. so you've got massive redundancy in terms of supervision of it. nobody's really compared program number seven to program number 22. what we're going to do is say hey, of this 45 programs, kill these 20 and pour the other money into this other one and spend the money more efficiently. when you look at the rest of the u.s. compared to the rest of the countries that are most developed like us, then we're second from the bottom in the amount of money the u.s. government spends training workers who are displaced. second from the bottom. mexico's the only country that's below us. if you consider, this is something that the council of economic advisers, we've been studying, going forward, by 2030 it could be as many as 60 million people lose their jobs because of automation. then we've got to start to get the economy ready for this
6:39 am
reskilling that's happening now that's going to be in the future as well. i think that's something that's a major focus of this white house now. >> it's an important focus. american certainly needs it. in the meantime, the american economy is going so well. the president and sarah sanders have said it's the best we've seen since world war ii. then why is it that the president is going after his own fed chair jerome powell, saying that we shouldn't see rates rise when, in fact, when obama was in office, the president was claiming that janet yelling was holding rates down to help president obama politically? can you help me understand the argument he's making against jerome powell and rates? >> look, i 100% respect the independence of the fed and i would never want to suggest they do this or that as a policy. i think the president has -- participates in public debates and, you know, he says his opinion about what interest rates should be. he in no way is trying to, you know, coerce the fed into doing this or that. he's just -- shares his opinions with his supporters.
6:40 am
that's something the president does quite well. i would never want to step out -- >> to this point, and why is it that rates, maybe you can help me understand, if the economy is doing so well, why should we keep rates so low? if we keep them this low and we do, in fact, face a recession, remember, we've been coming -- we're now -- this is a nine-year bull run. we won't have any cushion. why does the president or the administration think we need to keep rates so low? >> the president has tweeted what he's tweeted. again, i can say that i want the fed to do whatever they decide to do because they're superprofessional there. but, you know, i was on stage a few weeks ago and somebody asked me if i thought that it was the wrong time for the tax cuts because you're going to overheat the economy and i responded on stage and said, well, actually, since the tax cuts are causing a capital spending boom, which is in the data, which is good for workers, then they increase the supply which puts downward pressure on. i'm delivering a message that maybe the staff at the fed would
6:41 am
look at and analyze themselves and see if they see it that way. that kind of debate is healthy. what you don't want to do is have someone say, hey, fed, you have to do this. that's not anywhere close to what the president's doing and we all respect the independence of the fed. there's no effort underway to coerce them. >> you said right now we're not in a trade war, we're in a trade negotiation. when the president was discussing that with my colleagues, he said, he's got the cushion to do it as it relates to the market because we're playing with the bank's money. do you know what he means by that? as it relates to the bank's money, that would be individuals deposits. >> i think right now, there's uncertainty in markets. if you look, there's been times we've announced the next step. markets have gone down the next day. we've all noticed that. when growth is as high as it is right now, it's a good time to
6:42 am
take on these challenges. i think that's really the main point we have on this. so the hope is that very soon deals will start to roll in. again, the europeans are coming in to try to work out a deal as well. president trump wrote "art of the deal," not "the art of war." >> i got to clarify that. he didn't write the "art of the deal." the person who co-wrote it has said the president is not a master negotiator. while he says he wrote "the art of the deal," he didn't. >> when i read it, it sounds like him. if someone else wrote those word, then they really know him well. >> the person who wrote it the says -- well, you know what, we're going to leave it there. all right, kessel vin, thank yo comie ing up, with 500 piec of evidence promised, special counsel bob mueller's trial is
6:43 am
about to again. the hearing for manafort gets under way in two days. to jar, t. and serve with confidence that it's safe. this is a diamond you can follow from mine to finger, and trust it never fell into the wrong hands. ♪ ♪ this is a shipment transferred two hundred times, transparently tracked from port to port. this is the ibm blockchain, built for smarter business. built to run on the ibm cloud.
6:44 am
6:45 am
i couldn't catch my breath. it was the last song of the night. it felt like my heart was skipping beats. they said i had afib. what's afib? i knew that meant i was at a greater risk of stroke. i needed answers. my doctor and i chose xarelto® to help keep me protected from a stroke. once-daily xarelto®, a latest-generation blood thinner significantly lowers the risk of stroke in people with afib not caused by a heart valve problem. warfarin interferes with at least 6 of your body's natural blood-clotting factors. xarelto® is selective, targeting just one critical factor. for afib patients well managed on warfarin, there is limited information on how xarelto® compares in reducing the risk of stroke. don't stop taking xarelto® without talking to your doctor, as this may increase your risk of stroke. while taking, you may bruise more easily, or take longer for bleeding to stop. xarelto® can cause serious, and in rare cases, fatal bleeding. it may increase your risk of bleeding if you take certain medicines.
6:46 am
get help right away for unexpected bleeding or unusual bruising. do not take xarelto® if you have an artificial heart valve or abnormal bleeding. before starting, tell your doctor about all planned medical or dental procedures and any kidney or liver problems. learn all you can to help protect yourself from a stroke. talk to your doctor about xarelto®. you might or joints.hing for your heart... to help protect yourself from a stroke. but do you take something for your brain. with an ingredient originally discovered in jellyfish, prevagen has been shown in clinical trials to improve short-term memory. prevagen. healthier brain. better life. this morning, paul manafort is set to appear in court where a judge will decide if his trial scheduled to begin on wednesday will start as planned. the chair will be the first to go before a jury in the mueller investigation. a trial that could offer the clearest public view of an investigation that the president has repeat ledly call add witce
6:47 am
hunt. ken dilanian joins me now. what are we expecting today? >> today is a procedural day in the courthouse. they're going to argue about the motion to delay the trial. there's some motions to suppress some of the e-mail evidence about his work for that ukrainian oligarch. mostly experts don't believe these motions have much of a chance. on wednesday, they should start picking a jury. >> this sounds like a fireworks week for manafort. >> he argues there have been so many leaks and publicity that he can't get a fair trial. he wanted the trial moved and last week the judge ruled against that. one of the interesting issues is whether the jury will hear that manafort was actually donald
6:48 am
trump's campaign chairman and he worked for donald trump. manafort's lawyers have been asked the jury not be told those facts because they're worried animosity towards trump in a democratic stronghold of alexandria, virginia, could taint paul manafort. that didn't used to be an issue in the state of virginia but virginia has become more of a blue state and that's one thing manafort's lawyers are worried about. >> a lot is going to go down today. coming up, the battle within. establishment democrats are not just fighting against president trump. they're fighting against themselves. should moderate democrats try to counteract the rising progressive movement or embrace it? who would have guessed? an energy company helping cars emit less. making cars lighter, it's a good place to start, advanced oils for those hard-working parts. fuels that go further so drivers pump less. improving efficiency is what we do best.
6:49 am
energy lives here.
6:50 am
welcome to holiday inn! thank you! ♪ ♪ wait, i have something for you! every stay is a special stay at holiday inn. save up to 15% when you book early at attention homeowners age sixty-two and older. save up to 15% when you book early one reverse mortgage has a great way for you
6:51 am
to live a better retirement... it's called a reverse mortgage. call rfree information kityour with no obligation. it answers questions like... how a reverse mortgage works, how much you qualify for, the ways to receive your money and more. plus, when you call now, you'll get this magnifier with led light absolutely free! when you call the experts at one reverse mortgage today you'll learn the benefits of a government-insured reverse mortgage. it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home... and here's the best part... you still own yohome. call now! take control of your retirement today!
6:52 am
people may believe that health care is a right. people believe we should raise the minimum wage to a living wage. >> this is about inspiring people to the polls, giving them something to vote for, creating hope for this nation, and knowing that so long as there are working class americans who believe in a prosperous and just future, we will have hope, no matter how red the district. >> senator bernie sanders and democratic hopeful cortez, fresh off the campaign event in kansas, pushing their
6:53 am
progressive message to a red state. the progressive wing of the democratic party is gaining momentum ahead of midterms and worrying many moderates within their own party. some moderates are trying to figure out if the progressive wave helps or hurts. my panel is back with me. christine, can democrats win back congress or the presidency with this kind of division? many are pointing out, this kind of division is straight out of the republican's playbook. they want to see this divide. >> i think they do want to see this die livide. the party needs to come together. that said, i don't think the idea of having separate kind of summits of the moderate left and the -- which happened recently, to talk about what they need to do, almost to kind of wage a campaign effort against the left wing of the party, is the right way to go about it. we need to have all the democrats talking to each other, not setting up yet another camp that is going to be pitted against the left of the party. i don't think that makes any sense.
6:54 am
>> can talking to each other solve anything? brend brenden, they can all get in the same room. when we see this rise of the democratic socialist movement, it is very hard for the middle to get on board with that. while it might have a lot of enthusiasm behind it, you run the risk that those in the center -- remember, over 50% of americans, not just talking republicans, support what the president is doing economically. there might be tons of bad things othing s on the horizon, but at the moment, the economy is a winning strategy. democrats divide on the economy. if you have candidates like cortez saying capitalism doesn't always have to exist, do democrats risk shooting themselves in the foot? a lot of people in the middle will quietly vote against that because they fear money will be taken out of their pockets. >> i don't know how this will work in 2018 or 2020. the one thing i've been looking for for the democrats is their understanding of how the economy
6:55 am
works. republicans, i think, have always owned the issue of the economy because they've always been able to explain in a simple way how it is they're going to stimulate glorowth. reduce regulation, reduce taxes. i don't agree that is an effective way, but they say it, it is simple, i understand what it is they want. what i'm hearing from democrats is an interesting, different model on the economy. i'm interested to see if cory booker will get on this more toward election time, but he talks about a huge portion of the american economy driven by consumer spending. give higher wages, they'll spend more. a democratic model of growth is starting to emerge. i don't think that you can necessarily say the republicans are always going to own the economy. it is just that the republicans are the ones who always talk about growth. the other thing i think is interesting that is coming out of the progressive wing of the democratic party is that they're pointing out, accurately, the republicans never pay for their
6:56 am
propos proposals. they print treasuries. i don't know what the answers are for democrats to pay for theirs, but i'm encouraged they're hammering away on this fact. it is an indisputable fact, they don't pay for the things they want. why should we have to pay for it? >> from an argument perspective, the republicans still seem to win this. you like the economy? we're responsible for it. when people hear candidates say, i'm going to give you free health care and education, and we don't know how it'll happen, people can say, i'm afraid i might have to pay for that. i won't vote for you. are democrats having a messaging problem, of how to explain what they're going to do? >> i don't think the democrats are having a messaging problem. look, i think this kind of buildup on the left and the real energy and the activism, bringing new voters out is a good thing for the party. i do think both sides of the party need to be in more conversation. i think you're also right, we as
6:57 am
the democrats have an opportunity to win back the economic message. you know, look at the recent conversations today about wages and all of the promises of the big, fat tax bill that have not worked out for americans. now, when they listen to the republicans, who promised them higher wages, who promised them bonuses out of this tax cut, and they see that hasn't happened at all, they're going to have much more open ears to the conversation on the left. i think that's really a pivotal moment. it is good that energy and hope and activism and new people getting involved in the party, younger people, is a very good thing. >> the mature side of the party, will it accept and welcome that? i think back to the "rolling stone" interview that nancy pelosi did. she said guys like ryan are inconsequential to the party, when others say it is opposite. if you embrace the younger
6:58 am
generation, you'll energize a larger number of people. >> i think the generational divide is an important question here, but i think if we look -- so the republicans starting in the '70s decided they were going to describe the economy in a completely different way. it was a radical departure from eisenhower republicanism and nixon republicanism. it didn't come to fruition until reagan or, arguably, newt gingrich in the '90s. if we're talking about, you know, who is going to embrace this, if you're going to describe the economy in a different way, it takes a generation. bob dole wasn't on board with -- >> happy birthday, bob dole. >> happy birthday, bob dole. he wasn't on board with newt gingrich's revolution, not all of it. bob dole is much more of an eisenhower republican. as the generations move on, you have a chance to redefine what the party stands for. i think it is natural. >> look, i don't think leader pelosi should be saying anyone is inconsequential. it is not the right message from
6:59 am
a leader of the house democrats, particularly one who has had challenges against her leadership. i just think that was completely off message and borderline insulting to some of her members. >> history. we could learn from it. there was a recent election, and democrats did lose. time to get it together and power through to the next one. thank you, both, so much. you know how i always end this show. with good news. there's always good news somewhere, and we believe good news ruhles. an assistant volunteer fire chief in lancaster county, south carolina, arrived as a surprise birthday celebration this weekend at the firehouse. the biggest and best surprise came out of the fire truck. these stories kill me. his son, marine corporal matthew returned home from a deployment in norway. what a beautiful, beautiful reunion. father and son. i love it. that wraps up this hour. i'm stephanie ruhle. i'll see you again at 11:00 a.m.
7:00 am
with my partner, ali velshi, and all day on twitter. now, more news with hallie jackson. i am hallie jackson in washington where the week is starting off hot. a new trial, a new threat, and a new focus on a big battleground. paul manafort heading to court any minute. one last hearing before his federal trial kicks off wednesday. how the risks for the president's former chair is picking up. for special counsel mueller, time to show his cards. while you were sleeping, the president of the united states releasing a tweet, targeting iran. and how tehran is responding. plus, a new statement from his national security adviser, out moments ago. we're also taking a road trip to one of the best places to be this summer. outside the beltway. great plains hoping to be a pickup spot for republicans in november. we'll talk about what v


1 Favorite

info Stream Only

Uploaded by TV Archive on