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tv   MSNBC Live With Velshi and Ruhle  MSNBC  December 6, 2018 10:00am-11:01am PST

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and remember, follow us online. here is ali velshi for velshi and ruehl. >> good afternoon, i'm ali velshi. stephanie is off today. it's thursday, november 6th. let's get smarter. >> another dark day after losing nearly 800 points on tuesday. traders are wary of the vague promises revealed in the china deal or no deal at all. >> i think people should be optimistic about the possibilities here. all of the stuff is supposed to happen within the 90-day period. we're not waiting for anything. >> they're concerned with what conditions might be in the future. >> the issue is comes down to is whether or not it has been the same things driving the market to the downside are still in play. the trade tensionings with china, given this arrest in canada at the u.s.' behest.
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>> the story of north carolina's ninth congressional district keeps getting stranger. investigators from the state board of elections are canvassing irregularities in at least two counties. >> the margin here, 905 votes in all of the investigation you're talking about, all of the suspension. it centers around absentee ballots. >> in wisconsin, it's a different story. now the republican party is looking to limit how much power those democrats will get. >> now we're seeing the abuse of wisconsin and michigan. this is really circumventing the will of the voters on november 6. breaking news now. markets continuing to take a dive today. the dow is off 1.25%. it is not at session lows. it was about 11:30 when the dow and s&p 500 were in correction territory.
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10% off the last time they hit a high in the last 52 weeks, which was september. you've got the dow now off 435 points. the s&p about 30 points higher than correction territory. the nasdaq is also off. let's talk about what you just heard about, the arrest of chinese telecom joint huawei's cfo in canada. one the national security adviser tells npr he knew inned an vanity. huawei, spelled h-u-a-w-e-i. the cfo is the founder's daughter. she's in line to run the company which is raising the stakes of this arrest. nebraska senator bob sasse thanked the canadian authorities
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for arresting the chief financial officer. a lot to unpack here huawei and company zte have been sparring with the u.s. government for a while now. zte was sanctioned, receiving a ban from using u.s.-made parts after the government determined the company had violated u.s. sanctions against iran and north carolina. let me talk about huawei and why it is controversial. the company was founded in china three decades ago. it worked in phone switches. then it moved into communications infrastructure. huawei offered cheaper versions of cell phones and smart phones. you could pick up an huawei android phone for about 100 bucks. it was a low cost option. remember, while americans use a lot of apple, the world uses
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android operating system phones. the company began with plans to expand its u.s. footprint by partnering with american carrier at&t. this plan was abandoned after serious pushback from the u.s. government because of security concerns highlighted b eed by a hearing where chiefs warned against using huawei phones. voicing concern over this company's ties to the chinese government. something u.s. officials warned allies about including the germans, the italians and the japanese. the americans told these allies those phones could be vulnerable to chinese government eavesdropping and stop using them. it's a lot easier for americans to kick their habit than it is for overseas allies. it makes up 2% of the u.s. cell phone market. but in europe it jumped to 31%. the asia pacific region, 38%.
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far outstripping competitors like eriksson and nokia. this complicates it is truce the president says he struck with president xi during the dinner at the g-20 summit on saturday in argentina. china will likely pressure canadian authorities to release the jailed executive and to work to avoid a u.s. trial. this is complicated. i want to move on to why this is having an effect on markets. we are live at the new york stock exchange. diane swanson is the chief executive at the firm of rand thornton and editor at large of the weekly standard bill krystal joins us. david, let's talk about this woman who has been arrested, how significant she is and how should this audience think about who she is. do we have something to compare her to? >> this is hugely significant.
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she's the daughter of the founder of the company. she's the chairman of the company. she's by all accounts the heiress apparent. she travels frequently. evangelizing on behalf of wuahei. how difficult it's been to get into the u.s. marketplace. i remember being in shanghai. talking to an executive on this company. this was the white whale for so long. to get the smart phones, to get the telecommunications equipment into the u.s. certainly that's over the last few years. i was thinking maybe ivanka trump, being the daughter and also heiress apparent to a big company could be like this. i saw a great analog with one of the best china watchers on the street. he drew this analogy. a u.s. tech executive were to travel to thailand today, were arrested there, extradited to
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china that would be a useful, maybe a perfect analog to what we've seen here. what should investors think? perhaps a lot of the good faith the president's talked about. he's stressed over and over how important that personal relationship is he said he's developed with president xi to these trade talks, to u.s./china relations. the arrest of this tech executive stans to jeopardize all of that. >> thank you, for us at the new york stock exchange. we've seen interest rates going up as expected. >> yes. >> we've seen the president frustrated. that would typically cause markets to level off. we've got fears of this continuing scorched earth trade policy with china. and we're ten years into an expansion. what's going on here and how should my viewers think about these very volatile markets? >> i think one of the problems we have is the dissidence that came out of the g-20.
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there was an initial sense that maybe we would make some progress although i was skeptical of china within a 90 day period to clear 20 year of problems. and then within the white house itself. about what was agreed to. and not agreed to. this just adds more dissidence, more noise. and concerns about what is the relationship between china and the u.s. these two powerhouses look like going forward. and what does it mean for the global economy. i think that's the end game. china is the second largest economy in the world. the people who are negotiating trade right now are focused open the 1980s world when japan was isolated but didn't have the spillover effect and connectivity, the tentacles we see in china. >> the world has changed. in the 1980s, trade was 20% of the global economy and now it's 60%. >> and the global supply chains are just hard to disentangle. what we've seen is this has
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caused many more problems. and the costs of the tariffs are only one aspect of what this means for the global economy. it is threatening a recession down the road. and as you said, we're already a bit long in the tooth. i think the recession is still not until 2020. i think we'll get a good employment number on friday. that said, we now have a conversation where the straws on the back of the camel's back are piling up and it's hard to choose which one will break the camel's back. we have a chance to aleech yate some thatch buof that burden th. >> interesting pivot there. bill, first, we have an increase in the trade deficit. the difference between what we import and what we export. that is something that this president and the last president, the president before him, wanted to change. only donald trump has had the wrong effect on the trade deficit. then there's the other trade deficit, that leads to debts. the debt is increasing in
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america because of a tax cut that was supposed to pay for itself and more. the president has reportedly said that he's not interested, it's okay if the debt goes up. because he won't be around for that. >> i guess the way i put it is there are straws you put on the camel's back that are legitimate. i take it the national security concerns about the company are serious. there's no reason for our intelligence to say that's the case if it isn't the case. a lot of them trying to get along with big companies from china and with the pressure from big companies here who want to work with big companies from china. i give them credit for calling attention to that. trying to now holding american citizens who have been in china, who have relatives in china but are american citizens. the young woman who works for mckenzie i believe, another person. you know, so if this shows a little bit of a willingness to
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say look, you need to -- if you want -- maybe we should just send this guy back to china and not hold him, try him for something in the u.s. maybe they could let us have our citizens back. so i'm not for, you know, the economy above everything else, above national security, above human rights, above making sure our citizens aren't unfairly arrested. you know, a problem as to what the administration seems to be doing here. on the other hand there are burdens we put on the economy that are foolish and tariff fights with our allies especially and disrupting world trade for the sake of foolish policies, that's ridiculous and i think the markets are getting nervous about that. and the debt. at some point, we have to pay interest on that debt. just the interest, the interest rates going up and the debt going up, at the end of an economic recovery, that's a
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self-imposed burden, that's not due to china or anything else. i think the markets are looking at trump's policy. there was a big sugar high at first. now i think they're looking over the horizon and saying wait, between debt and tariffs, we have a real problem. >> i know you're not a marketwatcher, but to the extend that the market expresses at least the sentiment of some investors, do these remarkably volatile markets, i'll just see if we can put up a year to date chart, just to show viewer was this year in particularly the last few years. that's the volatility of the last few months. does this volatility impress you that people are worried about an economic correction? >> absolutely. china has violated a lot of rules and we need to have china
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play by the world rules and we have a chance of doing that with our allies who are willing to work with us to discipline china and use the peer pressure of the world to do that. i think you have to call out china. that said, as bill pointed out, we have now penalized our closest allies. we've not lifted tariffs yet. the actions of this administration are speaking much louder than their words are, not zero tariffs. they want to curb imports. they want to change the world in a way that can't be changed to get the end game they want from it. in the interim, it is hurting the u.s. economy. so i think that's really important to understand the whole spectrum of things we're seeing. the markets are saying listen, these are competitive policies. bill mentioned the reduction in corporate taxtaxes. that provided a cushion to the
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margin squeeze many companies had to pay as tariffs went up. that goes away on year-over-year profit gain in the first quarter because the tax cut plays out. we have big spending increases. those increases are adding to the corporate -- the national debt, along with corporate debt we have out there, all of that has interest expense and the interest expense is going up. these are all things we need to deal with. >> i will ask my control room if they've got the chart. one of the things that's important, when you're raising debt at times when the interest rates are low, that's one thing. now we've got increasing interest rates and increasing debt. you can see that in the bottom right corner of the screen. since about the end of 2015, we started to see those rates go up. so now debt becomes a more expensive and more serious matter. thanks to both of you. diane swann and bill krystol. we'll watch the markets all hour and all afternoon. you can see, ever since i got on tv, markets have started to turn down again.
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i hope there's no connection. all right, we're going to take a look at a controversial power play in the state of wisconsin. republican lawmakers there on their way out just passed the sweeping bill to strip power from incoming democrats including the governor-elect. we'll look at what else the bill will do, hitting everything from gun control to obamacare. you're watching velshi and ruehl on msnbc. hi dad. no. don't try to get up. hi, i'm julie, a right at home caregiver. and if i'd been caring for tom's dad, i would have noticed some dizziness that could lead to balance issues. that's because i'm trained to report any changes in behavior, no matter how small, so tom could have peace of mind. we'll be right there. we have to go. hey, tom. you should try right at home. they're great for us. the right care. right at home. but he has plans today.ain. hey dad. so he took aleve. if he'd taken tylenol, he'd be stopping for more pills right now. only aleve has the strength to stop tough pain
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republicans are moving forward with last ditch efforts to hang on to power. it's happening in at least two swing states, wisconsin and michigan. the strategy, take away or limit power from incoming democrats. in wisconsin, the republican governor could sign a controversial set of proposals into law, at any time now, passed just yet by the republican-controlled legislature. the bill would put lawmakers in charge of littigation which woud block incoming governor from withdrawing the state from a lawsuit to overturn obamacare. another bill would force governor-elect to get permission from the legislate ur before asking to make any changes to any promagrams, limiting in howe runs public benefit programs. the legislation allows them to hire private attorneys at taxpayer expense if the
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constitutionality of a law is being challenged. another bill would require the governor to get permission from the legislature to ban guns. finally, the plan limits early voting to two weeks. a similar limit was found unconstitutional in wisconsin in 2016. the judge arguing it was aimed at suppressing the african-american vote. joining me, the state politics editor at the wisconsin state jou journal. matthew, good to see you, thank you for being with us. >> thanks for putting us back in the national spotlight. we lost our big three republicans in national government. >> no kidding. you're here now. the process that we've just been describing, played out behind closed doors over the span of a few days. tell me about the legislature process. the democrats are going to be in power. where they able to, try to do anything to stop this? >> well, the republicans have for the last eight years basically engineered this
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revolution, this conservative revolution in wisconsin, and the voters back in november rejected that. they said they wouldn't want to go in a different direction. but republicans aren't giving up so easily. they have pushed through these bill also now through the legislature. they introduced them last friday late in the day. they held one hearing on monday that was a marathon hearing session. then on tuesday, they convene to pass the bill. that session was done mostly behind closed doors. then they finally revealed the final version of the most controversial bill wednesday morning at about 4:00 a.m. the republicans, i don't think they said hardly anything at all on the floor. they were scrambling to protect these changes they made to state government over the last eight years. >> what does it do for them? like what's the end game here?
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>> i think some argue it would hurt their chances. what they're looking at is a legacy here. these changes they've made to state government. they want to basically exert more control over the executive branch. some of these changes that gave the executive branch so much poushgs th power, they put into place when walker first came in. they wanted to really shake up state government. they've certainly done that. this is their attempt to put a seal sort of on the -- put a cap on the bottom to make sure it can't get overturned or put out by governor-elect evers and the new attorney general. >> does evers have any recourse? can these things be reversed? can the democratically controlled legislature reverse it? can the attorney general sue? >> it's very possible they could sue. that's looking very likely. we started out waiting for gh i information about what governor walker will do. i think there's not really a
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serious question. i think this is about governor walker's legacy. he's not interested in retaining the power of the executive. he's interested in these reforms that he's passed over the last eight years staying in place. i think it's likely he'll pass or sign them but we have not heard specifically from his office. >> i was trying to get my head around how this all happened. we appreciate your analysis. matt defore, joining us, wisconsin state journal reporter. take a look at these pictures, bob hope airport in burbank, california. southwest flight coming in for a landing. it is lodged -- look underneath the plane. the ground underneath. it slid into something that's a safety engineered thing. it's called engineered material arrester system. we a heavy plane lands and slides off the runway, it goes
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into this area where the ground underneath it is meant to sort of buckle and stop the plane from going any further. it's a stopping system. you can see the plane went off the runway and went into this emas, engineered materials arrester system, where it digs in and the ground buckles, jams the plane up. the plane is now stuck in that situation. i'm understanding there are no injuries in this case. this is a weather situation. the runways were slick. see the ground underneath that's buckled? that's what jammed the plane up. that stops it if it's sliding. that's a heavy plane. if it were to slide it could do a lot of damage. an engineered system that is meant to stop planes that do not stop on the runway. that is actually a success story you're looking at right there. we'll continue to monitor that situation. coming up next, republicans are making moves in north carolina as well. different than ways going on in wisconsin and michigan. today the senate is set to push
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through a new voter identification bill. this, as one midterm race remains up in the air over alleged election fraud. we'll clarify exactly what is going on in that state. first, global emissions of carbon dioxide jumped 2.7% this year. doesn't sound like a big number but we put out a lot of emissions, putting some of the paris climate accord nearly out of reach forever. scientists say this is the biggest increase in seven years. we're going the wrong way. china, the united states and india together emit half the world's greenhouse gases. good thing we're part of the climate accord, right? wrong. you're watchi ining velshi and l on ms income. i'm alex trebek here to tell you
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there are several post-election things happening in several states. it can get confusing. here's what's happening in north carolina. specifically, the state's ninth congressional district. once all votes were counted, republican mark harris edged out the republican dan mccready. looking at the data, some
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observers point out discrepancies. they look at the county situated between charlotte and wilmington where over half the eligible voters cast ballots. the county saw a return rate of 7% for mail-in absentee ballot, almost doubling the 4% average for the district's other counties. 60% of those ballots were cast for republican harris. according to analysis, 40% or fewer of absentee ballots cast in the district's other counties went to the republican, making blatant an outlier by 20 points. new reports emerged of unknown people allegedly collecting ballots from citizens. allegations of impropriety are now focused on a contractor hired by the harris campaign in blatant county. back in 2016, dallas was questioned by the state board of election for allegedly paying people to collect, fill out and turn in absentee ballots in
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blaten county. this year, a blaten county fire investigator alleges he overheard a conversation at a polling station saying dallas would get a $40,000 bonus if harris, the republican candidate, won. now the charlotte observer is calling for a new election. something the executive director of the state's republican party actually says he would support. this is a complicated story. joining me now from charlotte, north carolina, is professor michael bitzer. in raleigh, party director dallas woodhouse. thanks very much for being here. professor, let me start with you, what's at the heart of this issue? >> i think the heart of the issue is the concern over absentee by mail ballots. such a high rate of nonreturn. 40% in blatant county in the neighboring county, robeson
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county, over 60% of the absentee by mail ballots requested were not returned. the concern is what happened to those ballots, but more importantly, with the affidavits that have come out through the state democratic party, concerns by voters about potential ballot tampering by those who were going around to collect ballots, which is illegal in north carolina. i think a lot of this is all kind of tied together to absentee by mail balloting in the ninth congressional district. >> i know you had some other things to say about this today. you had called the allegations rumors about unproven voting irregularities in the ninth congressional district and said there's a lack of transparency. isn't testing these allegations exactly why the board of elections should look into it? >> absolutely. and let me just say we've been working on limited information. the public statements that have been made by the board of elections which are very limited, i don't think this was
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handled in a very transparent and open way by the board. but, however, we are where we are now and the news report are horrifying. they're very disturbing. good republican activists don't engage in this behavior. and we think there's a lot of innocent victims. including candidates on both sides of the aisle. the 280,000 people who cast legitimate ballots. and the people who face not being represented when congress is seated on january -- >> so what does success look like to you? have you spoken to the campaign about these allegations? do you support the idea that election should be held over? >> i don't think we're there yet. what we've said is we need a public airing of the facts very soon by the board of elections. if they can determine that there was wrongdoing and that those
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people should be criminally promise cute prosecuted, which we support. numerically it could not have changed the outcome of the race. mr. harris needs to be certified. if the board of elections determined there's a substantial likelihood the outcome could have been changed, then the law requires a new election and we would not oppose that. if it falls in between and the board of elections just doesn't know yet, it seems like, to me, given them more time to work would be a good -- would be the best of all the bad options. >> right. >> especially since the democrats in washington have said they don't plan to seek mr. harris anyway. >> there's yet more complexity to this thing. i'm trying to keep this going along in a way my audience will appreciate. on top of all of this, there is actually a question about the state board of elections. for people at home, the board is currently four democrats, four
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republican, one unaffiliated. that structure was voted, reverting it to three of the governor's party and two of the minority. but the nine-person board is still in operation for the next week. so dallas is saying the best of the worst options is if they continue to work. then they change and then what happened? how does this affect the ability for the board of elections to properly investigate and make a decision on this? >> i think the question is does the current board's structure go back to what it was previously before the nine member? and that is a three member of the governor's party with two members of the opposition political party, a five-member board. that would be controlled by democrats 3-2. the question is with wouould th continue the investigation. i think part of the concern is also with a fourth criteria that the board has as its power to call a new election and that is
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if there's sufficient enough taint on the question of the election to call the election results into doubt. we have to leave it up to the five members who decide to vote on potentially a new election or to certify it if this nine-member board stays in effect or if it reverts to the five-member new board. >> it's wacky, the idea that somebody goes and picks up ballots that are not sealed. is that normal in north carolina? >> absolutely not. let me say something about what the doctor did. he's done a fabulous job on this. i don't think the changeover in the makeup of the board is all that particularly relevant. because the nonpartisan investigators, we have a lot of faith in, are going to continue this work. i do think it's important to point out that the question of certification that has traditionally been a numerical
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question, under no circumstances are these investigations ending. there are multiple state and federal investigations going on. they should continue. the law breakers should be put in jail. if their allegations are proven to be serious enough, they should spend the entire second term of the pence administration in prison. but that investigation is going to continue. ballot harvesting is illegal in north carolina. it should be punished. but of course it is different than voter fraud which goes into a higher level which would be the tampering of votes, the manufacturing of votes, the elimination of votes. you know, national news reporter last night, they had some allegations of hundreds of -- if not 1,000 legitimate votes being destroyed. i heard that and went into the bathroom and started throwing up. it is so redeveloping. t
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it is horrible, so many innocent victims here. it's been a systemic failure of the entire state to get a hold of this. the board of elections, through three governor's administrations, have been investigating this and criminal prosecutors in some ways going back a decade and they haven't been able to get a handle on it. that's why our legislatures today called on a bipartisan commission to root out this corruption once and for all and we are in support of that. >> guys, thanks very much for the discussion. dallas good to see you again. professor michael bitser. let's go to texas. the casket of george h.w. bush is arriving at the train station in spring, texas. the train, the union pacific westfield train, which has been renumbered u.p. 4141 after the president, the 41st president of the united states, is going to carry the president to his final resting place near the museum in college station, texas. that's the train right there. he will be laid to rest later
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today. beside his wife, former first lady barbara, and their daughter robin. this is the honorary pallbearers. they're about to remove the casket. they are removing the casket in the rain and they will be moving it toward u.p. 4141, the union pacific westfield train departing spring, texas. this is after the final funeral ceremony has taken place and now the body of president george h.w. bush will be moving to its final resting place. the train will travel at 45 miles per hour. it will slow down to 15 miles an hour when it goes through the towns that it's passing through. a train like this by the way would normally travel at about 60 miles per hour. this one will move quickly but
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more slowly. you can report -- what we can tell you is that the train will be going through spring, which is where it's starting from, then go through the old town of spring. it will go through magnolia. and then it will go through a couple other towns before reaching its definition. let's watch this.
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>> the 43rd president of the united states george bush and his wife arriving. for the transferring of the casket to the train. member of the family are moving towards the line in which they will assemble. they are in the rain. moving towards the line to which they will assemble so they can watch the movement of the casket. you can see jeb bush there now moving toward the left side of your screen.
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[ "hail to the chief" playing ]
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[ "america the beautiful" playing ].
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>> the final journey of the body of president george herbert walker bush on the newly christened union pacific train 4141. it will make its way through several towns before making its way to the final resting place of george herbert walker bush, the 41st president of the united states who will be buried next to his wife, barbara bush who passed away just several months ago, and their 3-year-old daughter robin, would passed away many decades ago.
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a new report is shedding light on the finances of the trump organization and its business ties to saudi arabia. the washington post reports lobbyist representing the saudi government spent more than $270,000 on an estimated five nights at trump's luxury d.c. hotel right after the 2016 election. it fueled a lawsuit claiming president trump is profiting from the presidency. the trump international hotel in d.c. is blocks from the white house. maryland and the district of columbia alleges trump is unconstitutionally taking money every time those officials make transaction at the hotel.
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no person holding any office of profit or trust under them shall without the consent of congress accept of any present, emolument, office or title of any kind from any king, prince or foreign state. from any king, prince or foreign state. this is not kind of iffy and maybe and unclear. this is a really clear clause and it's in the constitution of the united states. do dozens of subpoenas were served this week to dozens of trump entities. if
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they are being subpoenaed and one state is being served, maine. governor paul lepage stayed at the hotel last year. we reached out to his office, we haven't heard back. joining me now is executive director of citizen for responsibility and ethics. good to see you again. separate and apart from the emoluments clause, the trump saudi thing. he's gone out of his way to see he doesn't have business. we have documented that he does. that he has for a long time. he's been helped out of bankruptcy by the saudis. they bought his yacht and the top floor of one of his buildings. his business dealings has continued for years. you and i would know these things because we probably just have our own entity. somebody gives us money and we give people money.
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with the trump organization it's complicated. there's no way to say they don't have financial relationships and no way to say trump hasn't been fitted from his relationship that might cloud his business decision making about whether to deal with the saudis on the killing of jamal khashoggkhasho. >> that's the perfect example of why the president accepting money from foreign governments is not an abstract question. it's not nearly a technical violation. the president shouldn't be violating the constitution of the united states but the president has really important decisions to make with regard to foreign countries like saudi arabia. the saudi arabia, his own cia, members of his own party in the senate. foreign allies believe that the government authorized the killing and dismemberment of jou journalist who was residing in
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the united states around that time. you need the president to be making decisions based on the interest of what's in the united states. we have to wonder why he's on a different page than anymore everybody else. he shouldn't have that kiechbis conflict. >> it's defined as a profit, salary or fees from office, employment, compensation for services. this is not all that complicated to understand. where's the conflict? what's the part that's complicated here? >> part of the issue is that for hundreds of years this issue had never come up in court because for the most part government officials, including presidents just followed it. you had something that was written hundreds of years ago
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that courts hadn't had a chance to look at. what's amazing about this case is a district judge in maryland looked at this clause and said what you just said. this is not that complicated. this is saying that presidents and other federal officials can't be taking payments and benefits, things of value from foreign governments. that's it. you don't want to have to be proving a link between a payment and some kind of official act. you just don't want presidents to take them. the trump organization points out on february 22nd, 2018, the trump organization voluntarily donated to the u.s. treasury all profits being from foreign governments and hotels and similar businesses. we intend to make a similar contribution in 2019. does that answer the issue? >> it really doesn't. there's a number of problems.
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we don't really know how they got to that number. they're asking us to take their word for it that this is everything but they haven't broken down how they got there, what it includes, is this just profits, all payments. that's a huge problem. when these foreign governments come in and spend money at the trump businesses that is a sign of good will on their part that could influence the president even if the president does give the money back. we're not confident that all the money or anything resembling all the money has come back. even if it has, that wouldn't fix the problem or is the president being influenced by these countries coming in and giving this business. >> the fact that the money is being given to the treasury doesn't solve the issue of whether there's perceived or real conflict. thanks very much.
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we've been watching markets all hour. they're going back up a little bit. it's a hope moment when the dow is only down by 1.5%. into winter we go, the heavier i get. and while your pants struggle to support the heavier you, your roof struggles to support the heavier me. crash! and your cut-rate insurance might not pay for this. so get allstate, you could save money and be better protected from mayhem like me. mayhem is everywhere. so get an allstate agent. are you in good hands?
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thanks for watching. see you back here at 3:00 p.m. i might see you earlier than that depending on what the markets do. chris picks up the coverage. i'll stay watching those markets. >> standing by. that's one of the many big stories we're following today. thank you very much. the other one is happening in texas where, at this hour, a train is about to begin a final journey for george h.w. bush. named after him. it's going to travel 70 miles no magnolia and other small towns. his family is on board. a 4300 horsepower locomotive painted blue, gray and white like theol

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