so a u.s. national was defined as free to enter the united states, tree of immigration restriction -- free of immigration restriction, and u.s. nationals were granted the protection of the u.s. military. but there are very few other rights that were extended to nationals. so, for example, u.s. nationals that came in the u.s. could be denied employment by the federal government because in a series of cases it was made clear that nationals were not eligible for employment with the u.s. government. so the gonzalez case is really a turning point here because by, say, 1904 the united states is now legally bound to admit puerto ricans entering through new york, and this would by extension apply also to filipinos. so the original promise that some in congress had made, you know, that we would be able to control the effects of our colonial policy overseas and limit migration proved to be untrue in this case. and once puerto ricans are arriving as nationals, they are still, though, subject to xenophobia

the u.s. deserves the right to be protectionist. haidi: i am haidi lun. this is daybreak australia. we are moments away from the opening of the first major markets. .etty: i am betty liu we are looking at how all the action on wall street will play into the asia-pacific trading day, kind of a whimper in how we ended trade on friday. retail sales numbers we are looking at friday morning coming in and missing estimates for the most part, so we will get more data this week that will include numbers on the housing market that will lead to more clues whether or not the big consumer demand we have seen in the u.s. driving the u.s. markets, whether that is peering out or not. on friday we close down, the dow was down 20 points, the s&p lower. the nasdaq composite pretty much unchanged on friday. sort of a mixed, mixed session. u.s. is in, and the this relentless phase of being range bound. againatility, falling heard the 90, 93 lows. is ifa, the big agenda china dials out retail sales, income investm

the u.s. take a stand on the two state solution? if so, what? what kind of sequel will follow the abbas visit, and how will he be discussing what is a very tense situation, at least at the underlying level, between israel and the palestinian authority, and what is happening at gaza. there is the problem for israel of what is happening in egypt, which is equally important to the united states. it's a problem of economics instability. it's also a tangible impact on war fighting in the sinai and the gaza where you have a low-level conflict, and one that is not getting better. it's getting worse. you have the problem of what happens, and it will happen fairly quickly, if you see mosul actually liberated and isis driven out of its pseudo-capital in raqqa. because for israel that may well mean that it faces a significant and very different extremist threat somewhere on its border area. there also is the fact that during all of these conflicts, hezbollah has steadily up its missile forces, effectivel

he u.s. take a stand on the two-state solution? if so, what? what kind of sequel will follow the abbas visit and how will he discussing a tense situation between israel and the palestinian authority and what is happening in gaza? there is the problem for israel of what is happening in egypt which is equally important to the united states. it's a problem of economics and stability. it's also a tangible impact on war fighting in the sinai and the gaza where you have a low level conflict and one that is -- has not been getting better. it's been getting worse. you have the problem of what happens, and it will happen fairly quickly, if you see most you will actually liberated and isis driven out of its pseudocapital in raqqah. because for israel that may mean it faces a significant and very different extremist threat somewhere on its border area. there also is the fact that uring all of these conflicts that hezbollah has steadily built up its missile forces. effectively rearmed, gotten better capa

the u.s. they have expanded their businesses right after continuing to contribute to job creation. just two weeks ago, we have announced a contribution of $40 million to the new ade. this is the initiative to introduce advanced technologies in the areas of environmental transportation and infrastructure. in order to development quality infrastructure, the $200 billion of contribution that have been announced previously will be activated within this year. i am the prime minister of japan, therefore, for me, it is japan first. however -- however, be careful. listen to me. listen to me. however the japan, i mean, is a japan that coexist and site by site with global prosperity and peace, since last year a series of general election and referendums have taken place in many countries giving birth to new leaders. in g 7 alone this happens in the uk, u.s., italy and france. last week, we saw it in south korea. it was a year where the attention of the to the choice of people of these countries and to t

. >>> the u.s. president seems to be striking a sewer youly different tone toward the north korean leader. in a new interview, he said that kim jong un is "pretty smart cookie." the u.s. is looking for diplomatic interview. he's not ruling out military action. >> he's been accused of brutal human rights violations, including allegedly ordering the killing of his own uncle. listen to what the president said about the north korean leader. people are saying, is he sane, i have no idea. a lot of people don't like when i say it, he was a young man of 26 or 27 when he took over from his father when his father died. he'll dealing with tough people, in particular the generals and others. at a young age, he was able to assume power. a lot of people try to take that power away whether it was his uncle or anybody else, he was able to do it. so, obviously, he's a pretty smart cookie. but we have a situation that we just cannot let -- we cannot let what's been going on for a long period of years continue. >> pre

u.s. and towards china, saying "america has lost." chief of staff reince priebus says human rights do matter but cooperating with asian partners to deal with the north korean threat takes precedence here. >> this is a different level of problem that we need cooperation among our partners in southeast asia. the issues facing us advancing out of north korea are so serious that we need cooperation at some level with as many partners in the area as we can get to make sure that we have our ducks in a row, so that if something does happen in north korea, that we have everyone in line backing up a plan of action that may need to be put together. >> cnn's ivan watson monitoring the situation for us from hong kong. he joins us now live. great to see you, ivan. now, this is following with a pattern of president trump of elevating these authoritarian strongmen, but in this case, ivan, does the philippines have any influence regarding north korea and their nuclear program? >> reporter: not much, dave.

a u.s. spokesperson said the interaction was considered unprofessional due to the movements of the chinese pilots. the spokesperson said the air force is discussing the event with china. global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. matt: thanks very much. the political brouhaha in washington looks unlikely to blow the federal reserve off course from raising interest rates this year. starting with an increased next month and following with another later in the year, let's see where wirp is this morning. take a look at that screen. 97.5% are the chances of an increased rate in june. we are joined by mark cudmore from seoul. how resilient is the fed's politics -- fed to politics? no agency can be fully independent of what is going on in washington. in terms of the june decision, they are extremely resilient. there are a few ways this can impact the market. one is, is that it is turning down yet? the data remains str

u.s. soldier and was a lower chelsea manning is released -- and whistleblower chelsea manning is released from prison 28 years early. has the german army been infiltrated by right wing extremists? ♪ brent: i am brent goff. it is good to have you with us. did u.s. president donald trump go too far? tonight, some lawmakers are asking whether trump is guilty of obstruction of justice after a media report claimed he pressure the fbi director to drop an investigation into his former national security adviser, michael flynn. the director of the fbi, james comey, was later fired by trump. lawmakers say they want comey to testify as they investigate the matter. reporter: the latest allegations revolve around a meeting between trump and then fii -- fbi director james comey. a memo written by comey says trump asked him to end the investigation into former national security adviser michael flynn. flynn step down in february after just three weeks on the job. he was forced out after lying to top whi

u.s. are drifting apart. airline may leading list its shares on a foreign exchange. >> we have the world covered here on "daybreak asia" as we look forward to the sig summit n asia. what happenedcuss on president trump's first overseas trip. we will analyze that and figure out what that means going forward. >> it looks to be a quiet week as u.s. come u.k., and china markets closed. that ninth ofring the stigma still, but a lot happening on the data front. speakers. several fed atindeed, let's take a look market reaction. markets closed on friday and unchanged on friday, a lot of economic members straight ahead in the u.s., including housing, on friday. looking at the market so far, the only market open is new zealand, a touch lower here. to be starting things next given how thin trading is likely to be today, but heading lower when it comes to the nzx 50. let's head to australia real quick. we did see recovery after that group meeting. pretty soft open for the aussie dollar, but looking to

the u.s. president tells nbc news he would have fired james comey even without recommendation from the justice department. ♪ anna: welcome everybody to "bloomberg daybreak: europe." i am anna edwards. let's get straight to the blank -- breaking news. we will talk to the management of these companies. we have numbers coming in. this is the steel company, now much more diversified industrial group. they are raising their even forecast to $1.48 billion. raises.sted ebit raising their profit outlook after selling their brazilian plant. agreed to sell their brazilian steel plant, and it is making the transformation from steel to diversified groups. around see what they do their american unit. there is the expectation they will exit the business. there is talks they will transfer the european assets. we will get an update on all of those matters when we speak to the management. inwill talk with their cfo 45 minutes time. let's get to other breaking news . sticking with germany, this is the munich-

the u.s. is considering an expansion of of of the ban on laptops. yesterday, the european union pressed u.s. to refrain from banning laptops and other electronics and cabins on flights to america saying look sides need to work together to curb the threat of terrorism. and the u.k., the liberal democrats will pledge to offer ends final vote on brexit. and unveiling the general manifesto later today. with nine seats in parliament, the party is appealing to the 48% of britons who voted to stay in the eu. the european union is refusing to allow the upcoming brexit talks to take place in secret. despite u.k. appeals to keep positions confidential. with over a month to go before negotiations start, the block said he would make its negotiating documents public every step of the way. pair ofs has sold a pear-shaped diamond earrings that have a price of $51 million. the diamondsate, are getting across the range of 50 nine dollars to $70 million. it is a record for hearings sold at auction. global news

so a u.s. national was defined as free to enter the united states, free of immigration restriction, and u.s. nationals were granted the protection be of the u.s. military. but there are very few other rights that were extended to nationals. so, for example, u.s. nationals that came in the u.s. could be denied employment by the federal government because in a series of cases it was made clear that nationals were not eligible for employment with the u.s. government. so the gonzalez case is really a turning point here because by say 1904 the united states is now legally bound to admit puerto ricans entering through new york. and this would, by extension, apply also to filipinos. so the original promise that some in congress had made, you know, that we would be able to control the effects of our colonial policy overseas and limit migration proved to be untrue in this case. and once puerto ricans are arriving as nationals, they are still though subject to xenophobia of all kinds. and we see this esp

the u.s. and u.k. we are seeing a mixed start to asian equities elsewhere. to recordholding on highs, no stopping foreign inflows into this market. ,t is lifting the overall kospi higher for seven consecutive sessions, and investors continue to ignore the north and another missile test over the weekend. consumer confidence in korea is that a three-year high, and a lot of optimism that the new president will signal great things for korea's economy. weakness in the commodities markets. new zealand down .2%. muted in japan and australia. strengthenedeen against the dollar, but it is flat now around 111 come as a not too much movement on the nikkei and asx 200. there was that they call towards the end of last week when we saw a lot of weakness come through in the commodities markets. the crude price of .2%, and gold iron some downside in the ore contracts. samsung lifting the kospi. some ofe, downside to these health stocks. domino's pizza, the biggest laggard, a sydney-based stock down by 3.6 per

u.s.-korea relations, policies towards north korea, economic relations between our countries and a series of other important issues. we are fortunate to have three very good experts, as well as john burton of the financial , now with the korea times. with john we have scott snyder from the council of foreign relations. we had bruce klinger from the heritage foundation, and for a chong.omen ho i want to turn things over to john. for more information on the speakers, you have their bios. thank you very much. >> thank you. i also want to thank our panel for giving their valuable time today to come here and talk about south korea under moon jae-in. -- i willuestion is turn to you, scott first -- what won it what is it say about the social trends in korea? >> i think the major factor that shaped this election was the impeachment and public frustration and the corruption they saw in south korean leadership. it is a symptom of an underlying problem related to cozy, delete relations in south korea

the u.s. backed out of the landmark paris accord -- back out of the landmark paris accord? war hits home with apple set to roll out smart speakers. cupertino is rolling -- playing catch-up. cyborgs arrive at morgan stanley to back up its 16,000 financial advisors, but are they an upgrade over the robo-advisors? we will discuss. the paris climate accord could be in trouble. it was just teed of years ago nearly 200 nations, including the u.s. -- just two years ago nearly 200 nations, including the united states, agreed to reduce fossil fuel emissions. president obama: this is the moment we finally determined we would save our planet. the fact that our nation shares a sense of urgency about this growinge and a realization that it is within our power to do something about it. emily: now, president trump is considering whether to keep the u.s. in the landmark paris accord, but could be leaning towards the next it -- towards an exit. will be he tweeted, "i announcing my decision on the paris accords

u.s., this will change. >> adding a third view, spicer then down played any clash between these two leaders. >> i think the relationship that the president has had with merkel he would describe as fairly unbelievable. they get along very well. he has a lot of respect for her. they continue to grow the bond that they had during the talks at the g7. >> unbelievable. the latest now on how this is going on with european allies. i want to bring in fred pleitgen. that could be read a lot of different ways. that could be positive or a very big negative. >> i think that's the way the germans see pinpoint they would say very unbelievable but in a different sense of the word. if we go back to that op-ed by h.r. mcmaster he said american first signals american leadership. since president trump has come back from his first foreign trip these european leaders are say we can't rely on american leadership any more. angela merkel says europe needs to take their own destiny in their own hands and doubling

., inside the u.s., the middle of the u.s. still have. >> thank you. i know that there are many challenges facing agriculture and i would hope that we would not complicate matters and that hopefully a growing economy will also help agriculture. ms. clausing, i think you suggested, but correct me if i am wrong, that perhaps the corporate tax code that we currently have is really not that bad. now, i thought that perhaps some lower hanging fruit in terms of agreement on changing our tax code would fall in that corporate category, but i -- am i wrong. >> you're wrong. i think that most economists across the political spectrum think that there's ample room for a fair improvement to the corporate tax system and i suggest -- >> what would that look like? >> but i believe it would include potentially a lower rate but combine that with closing the loopholes that we have presently. right now some of the domestic firms pay, you know, much higher rates than this mobile multi-nationals. thank you. >> thank you, mr. chairman. and i want to

let's look at u.s. futures. yesterday we ended lower in terms of the u.s. stocks. but well off the session lows. the nasdaq snapping a five-day winning streak. the dow fell for a third session. this morning the s&p, dow jones and nasdaq are seen just a tad lower when starts get underway. the s&p 500 off by 6 points. the nasdaq seen off by 12 points after hitting so many record highs this week. a look at european equity markets. they're looking friendlier. the ftse 100 up by 0.25%. the xetra dax inching higher. and the cac 40 showing signs of performance despite the news of a megamerger in the media space between vivendi and havas. >>> in the fx markets, the dollar is below an eight week high versus the yen. the dollar up by 0.8% this week. watch out for retail sales and cpi. of course we'll keep an eye on comments from mr. mnuchin and finance ministers from the g-7 meeting in italy. >>> vivendi has announced plans to buy bollore's stake in havas for 2.4 billion euros. it would add a new business to the vivendi group with more than 13 billion euros in revenues. the

meantime i'm a u.s.-based -- u.s. tweeter says -- but brussels-based the journalist writes it is striking that americans are reading for more into merkel's comments than most europeans are. meantime in other news, france's new president emmanuel macron has held frank talks with his russian counterpart vladimir putin. macron left the door open for improving economic ties with russia but he also warned his guest that he would not overlook human rights abuses in chechnya, nor for the use of chemical weapons in syria. it was plain speaking, at odds at the talk's opulent setting. reporter: a meeting that could shape french-russian relations for years to come. it was a chance for emmanuel macron and vladimir putin to take a measure of each other with a host of thorny issues on the agenda. chief among those is the war in syria. russia strongly backs the regime of assad. they tried to find common ground battling the so-called as long state terror group in the country. >> are fundamental priority is the fight against terrorism

guest: the u.s. intelligence community and policymakers here in congress are struggling with what is an important question. we have a need to keep secrets, but also the need to keep public informed about what we do and as we go back between what we need is relevant to today passes topic about missile defense. under president clinton and president bush, we spent a lot of time with russians. one barrier we were getting into was how much you want to share information about how are our systems work and what we plan to do. there was then worry north koreans might get the information and figure out a way to circumvent it. i think that is a reason why we won't tell people everything we know -- i do not know everything. i think it makes good sense we don't want iranians to know precisely how they work, but it means russians are upset. we would tell them how many we would have, whether there are capabilities and so far, we have not been able to bridge the gap. host: this is what robert recently said, a full r

the u.s., i think the u.s. second half of this year, people comfortable with the u.s. growth. >> how much of the slow down in simplyrate in china is to get the arms around the situation?th will it work? debate about tightening policy. they slowed down the depreciation of the credit growth. the debt level is way too big. they slowed down the rate of growth. it will be something that's important. down. you start bring it as lonas long as you keep growt, is a huge country that grown in extraordinary ways over the last ten years. credit too big. >> it's not question whether the credit growing, what is the used for?ng there are less productive ones give them real problems down the road. how are they doing directing are places?it in the right >> one is, china done pretty over capacity in number of industries. they trying to ring out some of capacity. production keeps up, you can still do okay. and the debt these soe's government entities that is too big. creditors, lot of the put in wealth management productings. too big. too big.ystem is as long as you keep growing and as l

the u.s. army failed to keep track of more than $1 billion worth of weapons and military equipment sent to iraq and kuwait, including tens of thousands of assault rifles and hundreds of armored vehicles. ,e will also talk about syria where u.s. defense secretary james mattis says the u.s. is shifting to annihilation tactics in its fight against isis. >> our strategy right now is to accelerate the campaign against isis. it is a threat to all civilized nations and the bottom line is, we are going to move in an accelerated and reinforced manner, throw them on their back foot. amy: but as the u.s. ramps up airstrikes, are syrian civilians are paying the price? and leaked documents reveal counterterrorism tactics were used at standing rock by the security firm tigerswan, hired by energy transfer partners. against water protectors who they call insurgents. we will speak with the intercept reporter broke the story and tara houska of honor the earth. all that and more, coming up. welcome to democracy

the u.s. market has traded. the white house is on the defensive at this hour over allegations president trump they have tried to derail the investigation into his former national security advisor. the bloomberg is reporting that in a memo written by james comey seen memo claims to have reported by someone seen this copy of this memo. saying the president essentially go. let this investigation let's get straight to washington now with more. nobody has seen the memo yet. it sounds like it is a matter of time. >> absolutely. we have a description from .omebody who has seen the memo seen a copy of it. outlets in media washington have confirmed this story. this is something riffling through washington now. there are comments across the political spectrum. many saying this only validates the need for an independent prosecutor, an independent commission to look into the allegations president trump may have tried to squash an investigation into its former national security adviser. we have a comment j

the u.s. she told a campaign rally that relyal -- reliable relations forced are somewhat over and europe must take destiny into its own hands. during president trump's trip he called germany very bad and blasting allies for not spending enough on defense. a member of president trump's cabinet is downpraying reports that white house advisor jarred kushner was seeking secret communication with russia. the u.s. homeland john said is was no big deal. they spoke to russian's ambassador and proposed a back channel between the trump transition team and the kremlin. many of british airplanes computer problems have ended but the chaos is lingering. the airline is trying to recover from a massive technology failure that disrupted hundreds of flights and stranded thousands of passengers. they say the problem was caused by a power supply issue and no evidence of a cyberattack. in south africa, the president jacob zuma survived a attempt by some african congress leaders to order him removed from office, ac

in saudi arabia, u.s. president donald trump has told arab leaders that the war on terrorism isn't a fight between different faiths. he also called on middle east allies not to wait for u.s. help to crush terror groups, and assure terrorists find no sanctuary. it was an attempt to ease concerns that the trump administration discriminates against islam after attempts to ban people from muslim majority countries from entering the u.s. women should have the chance to build prosperity for themselves. it has to be done and we have to let them do it. summitd's help, this will mark the beginning of the yen for those who practice terror and spread its vile creed. haidi: in the u.s., meanwhile, he plans to propose $1.7 trillion in cuts to category of spending that includes entitlement programs for lower income americans as efforts to balance budget begin within the decade. according to a congressional aide, the white house will issue a formal budget request tomorrow that includes $274 billion in cuts over 10 years.

u.s.-mexico border wall. the house back at 4:30 here on c-span. tomorrow, united airlines c.e.o. oscar munoz will testify before the house committee on customer service. we will have it at 9:30 on c-span3. earlier today we got a look at the japanese approach to the trump administration from former japanese defense ministers. they talked about tensions on the korean peninsula and how the trump administration approaches foreign policy. this was hosted by the center for sfriegic and international studies -- strategic and international studies. it's an hour and a half. host: good morning. thank you for joining us today. i'm michael green, professor at georgetown. some distinguished -- in fact, this audience is pretty much 100% distinguished, as i look out. quite an impressive audience. thank you very much for coming. a few brief safety and security announcements. i am your designated safety officer in case of an emergency. you'll find the exits are back behind you. and you'll go down one floor

the u.s. election. >> i respect the move, but the entire thing has been a witch hunt and there's no collusion between certainly myself and my campaign, but i can always pick for myself and the russians. >> the president said he respected the decision to appoint former fbi director robert moeller to look into the matter, he also denounced it as bad for the nation. >> i think it divides the country. i think we have a very divided country because of that and many other things. so i can tell you that we want to bring this great country of ours together. i hate to see anything that divides. i'm fine with whatever people want to do, but we have to get back to running this country. >> the resident responded for the first time to a memo said to be written by former fbi director james comey, that claims that in a february meeting, the president asked comey to drop the investigation into michael flynn. did president trump say that? >> no, no. next question. >> the appointment of robert mueller to take o

angela merkel, u.s. to leave early, once a pledge from all nations. >> it is important as leaders that we show our fierce determination to ensure we use every tool available to us to fight against terrorism. correspondent: one document signed and a round of applause, despite the differences of this first day. sara: good to see you. merkel says the other g7 members try to convince trump to back these climate records that he would not budge. why do you think that is? >> he deserves the right to make up his mind on where he stands on climate change. he has described it as a hoax in the past but for n the united states is locked into this paris agreement. they could opt to get out of it. it was feared that could happen. now with the g 20 meeting coming up in germany, that leaves more scope to find out how far it is possible to go with this administration. the united states has not made up their mind yet. sara: they did manage to present a united front on terrorism but what are they going to do about it? >> i

they have u.s. officials, officials in europe and arab countries all kwirj this strange thing, all confirming that on january 11th and january 12th this year, which was less than a week after the intelligence community put out its report about the russian attack on the election. less than a week after that report came out, there was a two-day long meeting that was held in the seychelles islands off the coast of kenya by madagascar. it was a meeting in the seychelles for a representative for vladimir putin and an envoy from the trump administration. according to the post, this reporting first week of april, erik prince maintained at the time of that meeting that was authorized to act as an unofficial surrogate for the president-elect. his hosts at that meeting believed that to be true about him. he got that meeting and he spent two days in january in an island paradise meeting with a representative for vladimir putin. what did they meet about? what did they talk about? what took two days to get throu

and the u.s. said it wants to lead on climate change, on getting the world to commit to taking actions. and now that the u.s. is not going to be showing leadership on this, it really remains to be seen what's happening. i don't think you can really underestimate not only the environmental impact on one side, what this does for the united states on the other side. you've heard nations after president trump's trip to nato, angela merkel, president ma kroen of france that they can't count on the u.s. leadership anymore. i think there is going to be big decisions by other countries about whether the u.s. is reliable. >> standby because let's talk about ha subject right now. joining us nic robertson with some of the world reaction to this. >> reporter: it's only been announced. it's been to a degree expected. there are concerns in europe already, and those were expressed at the weekend of the g-7 summit where in that joint communication in the end which was short by any standards it was stated really c

the u.s. justice department filing a lawsuit against fiat chrysler and the china rate increase weighing on sentiment and the second column is the currency column. most of the currency against the dollar are in gray with little movement and sovereign bonds, commodities, your final three columns. kingfisher is a big recliner across europe, down 7%. europe's biggest home-improvement retailer reporting a slump in french sales as rivals gain market shares sales in france, it 5.5%tes two james and fell in three months through april, worse than the 1% drop in that country's total home-improvement market. shares down by 7.1% today. let's talk about political risk because the difference in yields between the u.s. 10 year and the german 10 year bond is drinking -- shrinking. investors are fretting over the potential noise stemming from washington, the u.s. 10-year note about 185 basis points more than comparable bonds. the least sense donald trump was elected president in november. european political ri

the u.s. consumer probably will be the backbone for the entire u.s. economy. >> thank you. >> the average budget airlines as it posted profit for the first few years. the dublin-based carrier says it expects profits to rise further mainly due to a fallen deal cost. there's actually declined last year. that has attracted plenty of passengers. high occupancy contradicted to the good -- contributed to the good results. back over to sarah. sarah: we have some sports news to bring you. at the french open, there has been drama off the court. a player has been banished from the tournament after he tried to forcibly kissed a tv reporter. it was live, on air. meantime, well number one, andy murray got the better of hundred. thomas todd helton -- this 43-year-old led dortmund to victory. the club's first trophy in five years. the poor relationship with the club's hierarchy has cost him his job. have a look. >> thousands of lands attended the first training session of the season in august. had been bought and for 100 million euros in transfer fees. the team had

in general, a weakend u.s., a weakened western influence in the world and a weakened u.s. president is in their interest. these active measures to propaganda, false news reports, they don't and with the u.s. election. it's appropriate that we would warn the american people that these active measures, propaganda, fake news stories, etc., would be applicable today as well, and that they would be trying to weaken our u.s. presid ent and trying to weaken for leaders as well. would you agree with that? mr. brennan: yes. >> with that, yield the remainder of my time. >> director brennan, why is it important to protect the identity of u.s. persons as part of our surveillance programs? is arennan: because there right of all americans to privacy, and that sometimes information is collected about u.s. persons who may or may not be involved in any manner of criminal activity. and therefore, respecting the privacy of u.s. citizens. the intel community goes to great lengths to cover the identities of u.s. persons if they happen to be included in an intelligence collection. >> for all th

testing the first line of u.s. defense should north korea fire a nuclear weapons at an american city. the pentagon believe s kim jong-un will soon have. a rare and exclusive interview ahead of the test in which the u.s. launched an unarmed missile from the pacific ocean and aiming to take it down with the interceptor launched from california. >> it's very difficult. we are talking about intercepting in space. hundreds of miles of altitude with velocity of 1,000 miles per hour per hour. it's hitting a bullet with a bullet. >> and the difficulties have been evident in past tests, the interceptor just hitting the target half the time. this admiral said the technology improved since the last test in 2014. >> i am confident this will defend the homeland if attacked. >> fox news was given exclusive access where 32 of the u.s. total 36 interceptors are based in these silos. this is the commanding officer. >> you have a nuclear weapon fired heading for l.a. how many of these do you fire to take it down? >> the techniques a

here in the u.s. but importantly, what that means also in regards to the global regulatory frame work and interaction of u.s. regulators and firms with those of the rest of the world. one common theme that we have heard consistently from both the regulatory community and the industry has been that a goal to support qualities which foster economic growth and capital formation but at the same time ensuring that safety and soundness is good. so regulatory reform gets mentioned and i'm going to quote in the last couple of days and most of them this mornings, comments that have been made by the regulatory community on this topic. i'll start probably with governor carney here on this stage, saying talking about efficient resilience. not only about resilience but about making it efficient but also about dynamic effectiveness, meaning you need to assess regulations in a constant basis and be willing to make revisions to regulations that might have unintended consequences. secretary ama nuchen talked abot reac

a u.s. official told nbc news that holding back arms for taiwan was discussed as a way to improve ties with china at a time when president trump wants chinese help to rein in north korea. >> every single administration since bill clinton has eventually realized that beijing will not deliver on north korea because beijing sees no interest in the issue being resolved completely. >> reporter: since the president's april summit with china's president xi jinping, criticism of china's island building in the south chinese sae has waned. only this week did the u.s. resume operations scaling a u.s. navy ship near one of china's artificial islands. on taiwan washington is steering clear. a state department official said only that u.s. arm sales to taiwan are based on an assessment of taiwan's defense needs. as it stands, taiwan can't keep pace with the $146 billion china will spend on defense this year. with tension growing in the region and an arms deal in limbo. janis mackey frayer, nbc news it, tai

u.s. aid or assistance to israel. the problem you have here is there are also a lot of underlying issues and how many of these will actually either be dealt with publicly or during a presidential visit is pretty hard to estimate. some of them are fairly obvious. there is the question of what will happen about moving the u.s. embassy to jerusalem. there are all the issues relating to the settlements. will the u.s. take a stand on the two-state solution? if so, what? what kind of sequel will follow the visit and how will he be discussing what is a very tense situation at least at the underlying level between israel and the palestinian authority? and what is happening at gaza? there is the problem for israel of what is happening in egypt, which is yeek qually important to the united -- equally important to the united states. a problem economics and stability. it's also a tangible impact on war fighting in the sinai and the gaza where you have a low level conflict and one that is not -- has no

the u.s. has a massive trade deficit with germany and they play part -- and they pay far less than they should the nato. he says it is very bad. the u.s. but it will change. there has been speculation the president is going to shake up his white house staff and his communications director has quit. he served in the post for less than three months and has been working with press secretary sean spicer. the dictator of panama, who was ousted in a u.s. invasion, has died. manuel noriega ran the country from 1983 to 1989. the u.s. accused him of rigging elections, having ties to drug traffickers, and ordering opponents killed. he was arrested in 1989 and spent 22 years and u.s. and french prisons. he was 83. golfer tiger woods said medication, and not alcohol, led to his arrest for driving under the influence. jupiter,rested in florida, and spent four hours and jail before being released. he blames an unexpected reaction to prescription medicine and underwent a fourth operation on his back in april

major u.s. averages slipped on the comments but later rebounded. >>> u.s. treasury secretary steven mnuchin says the upcoming tax overhaul will eliminate all loopholes with the exception of charitable giving deductions and mortgage interest. in an interview, mnuchin reiterated trump's promise to provide relief for the middle class. >> our focus is on creating middle income tax cut and simplifications. as i said, a lot of the reduction on the high end is going to be paid for by eliminating deductions. in many cases, peoples effective tax rate won't go down. that's something, again, this is about creating jobs, this is about creating economic growth. >> cnbc also spoke with wilbur ross who accounted for the administration delay in a nafta renegotiation process. >> the reason we have not had the formal negotiations on nafta is simply that congress has prevented us from doing so. it's hard to blame the president for something outside of his control. >> let's talk about all the weekend news with thom

not many know the u.s. consulate in saudi arabia was over run by terrorists and nine people were killed. this left a permanent scar on the state department and our diplomatic security people. so when i arrived in 2007 i found a security environment that really reflected the events of the past and i worked very hard to change that and we were successful in doing that. so i spent a lot of my time as ambassador in thor interior i would visit twice a week. and one of the things that came out of this internation with their government was the creation of something now called mo ierngs opm. which was a joint venture between the saudy government and the u.s. government to provide training and support to a 30,000 saudy man force that was being stood up to protect the oil and gas facilities and this was in response to a 2016 attack february 2016. two truck loads of terrorists crashed the gates. engaged and killed a number of the guards and as a result of this attack, the truck bomb blew up, thankfully nowhere near an

inthe u.s. persists [indiscernible] the sanctions without understanding its rival, the administration will have to take the responsibility for ensuring catastrophe. mind that thed dprk nuclear strikes and capability will be strengthened and developed at a rapidly high-speed as long as the u.s. nasty nickelolicy, or threat and blackmail and pressure. thank you. >> now we will take questions. since the time limitation, we will take a few. i would like to hope you to focus on the topics and i also beld like to remind of your -- brief introduction before questions. let's go ahead. >> on behalf of the u.n. association, we thank you for this opportunity. i would like to ask about an issue that is in the news regarding cyber attacks. we understand that a 17, 18 panel member was hacked by someone pretending to be another member of the panel and there is some suspicion north korea is behind this is is the [indiscernible] we do not have an opportunity to ask you so you hope you can give us some reaction t

a u.s. oil production is on the rise and that is going to provide a balancing force to the output cuts in opec. inventories isl going to be slow to come by. yousef: the people at standard chartered are saying that u.s. total oil production will hit a record this month. if you look at what the market is pricing, is it relevant whether this agreement is extended are not? more toneed to do depress prices and global markets? >> great question. processto speed up the to reduce global oil inventories, opec and other non-opec members may in fact need to cut more. i think that the more easily achievable solution is for opec to extend the cuts that are in place through the rest of this year. and then the hope is that the strongdemand will remain , that will help counterbalance the rise in u.s. oil production. over time the market will dent in theput a oil inventories globally. it will take time. yousef: thank you so much for your thoughts this morning. by shery: president for energy. saudi arabia's,

., the u.s. will cut off funding to them unless they focus their fighting on isis only. this has happened numerous times. theirgroups have lost funding. then they went and joined al qaeda. there's a narrative that says if the u.s. is supporting extremist now a cut of groups, it is false. u.s. is punishing groups that are trying to fight assad. then there going and joining al qaeda or extremist groups. nermeen: but there supporting the kurdish militia force that is fighting the assad regime. >> the closest ally of the u.s. isis the ypg. amy: talk about who they are. offshshoot of, an the pkk, , the kurdistatan works party, whi was a group in turkey that has been waging a left-wing insurgency against the turkish government for kurdish rights or decades. in the last three or four years, theyey have expanded sure nearly rapipidly in syria. they have set up councils all across northern and eastern syria. they become the main partners of the united states in this battle against isis. the battle for roc

anchor: u.s. policy makers would like to start shrinking their bloated balance sheet by the end of the year. guestpen growth, our next says the fed's communication around balance sheet reduction has been excellent and shall limit the chance of another taper tantrum. you know, we just had jim bullard on from the st. louis said he said the taper tantrum a few years ago was a malcolm indication -- was from communication. do you think the fed is going to execute both on the execution, but also on the committee case and this time? do you have faith in that? executing veryen well. i think they learned a very important lesson from the taper tantrum, and particularly out here in asia and other emerging markets. what happened. it has huge effects globally. we saw that in the minute last week on just how much more detail and careful they are deliberating how they are going to go about it. my sense is that this, when they do actually start reducing the balance sheet, it will be the most signaled them out the

since the u.s. has made more progress, it is more flexible, and therefore reaches its objective in a faster way. the u.s. is ready to ease into normalization. there will now be a period, europe and japan are still not ready for it. it will look like we go in different directions. it is part of the adjustment. what is important to emphasize, it will have consequences on the exchange markets. in the foreign exchange markets, if one country goes in one direction and the other does not, we will see changes in the exchange rate. it will intervene and prevent that adjustment. exchange rate adjustments in this context is a helper to the process. not ready, you think it will be quickly. the bank of japan, where are they? people say the tools are not working. what does jacob frenkel say about the boj policy? jacob: it is the only game in town. in a courageous way, they have changed the mood of the country. but it is a one leg in a three legged stool. there is monetary policy, fiscal policy, structural policy

a u.s. official told nbc news holding back arms for discussed as a way to improve ties with china at a time when president trump wants chinese help to reign in north korea. >> every single administration since bill clinton has eventually realized that beijing will not deliver on north korea because beijing sees no interest in the interest being resolved completely. >> reporter: since the president's april summit with chinese president, criticism has waned. only this week did the u.s. resume freedom of navigation operations, sailing a u.s. navy ship near miss chief reef. on taiwan, washington is steering clear. a state department official said u.s. arms sale tolls taiwan are based on an assessment of taiwan's defeens needs. as it stands, taiwan can't keep pace with the $146 billion china will spend on defense this year. wi and an arms deal in limbo. janis mackey frayer, nbc news, taiwan. >>> here in this country, an innovative program aims to reduce tension between police and the community by

u.s. president he needs to have the french parliament with him and french parliamentary elections are coming up in june and he has not any real party formation or party history. he has somehow got to get about 270 people into parliament if he's to have his movement in the majority there. and i think that what we are really going osee is not so the other parties doing their utmost to try to stymie him. or the the next four years he may find it very difficult to get his policies through especially if the parliament doesn't support it. >> sreenivasan: one of the issues that was very clear cut, between their relationship and what they would like the relationship be to the eu. should the eu take some comfort that le pen did not win or should they be concerned that macron does not have that mandate yet? >> you know what, any sort of a servinger would say to the bureaucrats in brussels, there are very many people in europe who are very unhappy with the way the eu is run and those are the people t