♪ announcer: from our studios in new york city, this is "charlie rose." charlie: we begin this evening look at continuing president trump's first week in office. he signed an executive order this morning to begin construction of a border wall with mexico. the wallace part of the president's signature campaign promise to fight illegal immigration. president trump unveiled his directive use this afternoon at the department of homeland security. mr. trump: we are in the middle of a crisis on our southern border. the unprecedented surge of illegal migrants from central america is harming both mexico and the united states. i believe the state -- steps we

will take starting now will improve the safety in both of our countries. it is going to be very, very good for mexico. a nation without borders is not a nation. beginning today, the united states of america gets back control of its borders, gets back its borders. charlie: the president is expected to meet with mexican residents pena nieto -- president pena nieto at the white house. i am pleased to have both of them on this program. bob, size it up for us. this week, the president seems to be determined to fulfill his campaign promises. he said he would build a wall. he initiated it now. what is the difference between the initiation and the beginning of the wall being built?

having both of funds as well as mexico paying for it? good to join you, charlie. what we see this week with regard to immigration is the culmination of action in terms of what the president was talking about and is a nadya will address. this hard-line populism he articulated has now been put into policy through these executive orders, working alongside senator jeff sessions of alabama, his nominee for attorney general, stephen bannon, the controversial aide at his side. they constructed these orders because they want to start quickly. in particular, on the wall. they are using current federal funding that is available to them through executive authority to begin the construction logic. meanwhile, they're having talks with mexico, a government that remains resistant to the idea of a funding any part of this wall. it is all part of trump's ambition to get started on his immigration policies now, before

congress gets cold feet and before too many things come his way. charlie: he is evidently determined to get a whole lot accomplished very early across the board's. he certainly is. this is somewhat different for a republican president. all become, capitol republican lawmakers in the house and senate are privately and publicly telling me they do not like that trump is using all of this executive authority. it echoes one of the main criticisms they made a president obama. they know that trump come a so outside of washington, is working with congress and will be at the retreat in philadelphia on thursday with congressional republicans. but he is operating as a loner inside of the white house, working with staff to make sure his campaign promises are fulfilled. they are not necessarily mainstream conservative ideas, they are trump proposals. charlie: is it steve bannon that

has the most influence with him? breitbart,it as the populist-nationalist orbit. speechwriter, steve bannon, jeff sessions, rick dearborn, the executive deputy of staff, these are people along on the fringes of republican politics. and now they have power. and having power, they do not want to lose it. and he want to move on things they know make many people in their party and democrats uncomfortable. your assessment of what happened in the trump presidency this week? julie: we see a real activist approach to putting in place unilaterally some of his campaign promises. what we saw with the executive order with both of them today, donald trump is going to use all of his authority and everything at his disposal, both to appear to be carrying out those promises and a strong way, and

to prod congress to follow him. many of the things he calls for in his orders today, the building of the wall, the hiring andore border agents officers will take more action and congressional funding. when he is laying out a predicate, as he did with the health care executive order that first evening after he was sworn to say this is the direction i am turning this government, the direction i want policy to go, follow me and we can get some of this done. what is not clear is whether he can actually follow through and get some of these things accomplished. the border wall will be very costly. we are already hearing the president of mexico may cancel his trip to come and visit the white house and talk to donald trump about this. ofthe coming weeks, because the anger this proposal has inspired. what we see from trump is a real isivist posture, but it unclear whether he will follow that through. we have to see. charlie: tonight as we speak,

who is the likely supreme court nominee? is one of thesuch main contenders. senator --ose with if anything, that could change. saying, you keep senator sessions has real power, doesn't he? bob: he does. to 2015 when i was in mobile, alabama with candidate trump. a session's was on the plane, he put on the white baseball cap. in trump he found someone he could sell an ideology that no one in the party besides sessions was selling. nationalism, trade, protectionism, tough borders. no one else was talking about these things except the

breitbart website, jeff sessions, and if you conservative outlets. trump comes in with a whirlwind of celebrity and embraces, surprisingly, the sessions ideology and can bring it the power. sessions and power is able to help trump turned the populace believes in the policy. believes he has movement,ave, the which is the populist revolution around the world, and he is simply the expression of it in america. julie: absolutely, we heard him inaugural address. this movement he built and he is just the messenger in the power is returning to the people. he can talk about the message of a populist movement, and he can put out all these executive orders for unilateral action. but what we have yet to see is whether he can build a coalition and get these things done. he will have to do it with mitch

mcconnell and paul ryan. one of the things i think the supreme court fight will allow him to do is establish channels and team up with capitol hill for getting a big priority done. if he can do that effectively, that will bode well for policy agenda he wants to execute. this white house is that its very beginning stages. they do not have much of a coalitions operation. -- even a communications they have a lot of work to do. charlie: the washington post had a fascinating piece yesterday, in which you got an inside look at how it is. circlingp with his particles in the paper he was interested in and wanted action or a response to. of his modussense operandi in the white house.

discussed, hee sees disruption and tweets as power and away a rattling washington. he creates challenges for himself in this town with his mo. we look at the new controversy about alleged voter fraud trump is talking about in a series of tweets. as antion this congressional meeting monday night. he talks about issues beyond the policies of health care and immigration and taxes. alarmed lawmakers. and wonder why trump cannot get more focused in his agenda in this first week. part of the thing the washington post has been reporting is that he is waking up very early every day, getting all the printouts about him and his staff, and he is marking them with a sharpie marker, he is watching television every hour, every

minute, keeping his antenna up. his aides say that is why he is successful. he is not turning a blind eye to the media. he knows he needs to live in the media, the way he operates. it puts a lot on his plate and takes up a lot of his time. media,onitoring the given these speeches. we still see him adjusting to the office. charlie: back in a moment. ♪ dow jones industrial average soared over 20,000 for in historyime wednesday afternoon. the s&p 500, nasdaq reached record highs. in stock market has surged anticipation of a more business-friendly administration. president trump's progress policies are giving wall street further cause for optimism as he promises to roll back taxes and increase infrastructure. we have the vice-chairman of

and aing at blackstone, senior markets editor and bloomberg. i am pleased to have all of them. what is going on? investors are taking trump at his word. believe he is going to improve the economy. the economy was bumping along since the recovery began in 2009, less than 2% growth rate. he promises something considerably more than that. pro-worldk the outline can deliver something approaching 3% growth. where i went to school, 3% is 50% more than 2%. [laughter] charlie: by when? will noteople think it kick in in 2017 but you will feel it in 2018. view, trump is an

impatient guy. he will press to get these changes done earlier rather than later. charlie: will he be successful? >> i think they will be affected. there are negatives associated with them that we can talk about. one is, it will take a lot more workers to produce 3% growth. have 4.7% unemployment rate. two, i think the tax cuts are going to reduce government revenue faster than the additional income will increase tax revenue. charlie: michael? >> and that is exactly right. trump had a huge wish list of items he wanted to do. reacted very positively after the election, much to the surprise of a lot of people. they thought there would be more volatility because there is so much uncertainty surrounding trump.

he is very unpredictable, on purpose. charlie: most of these guys believe in free trade. . assume trump does, too he does not believe that the trade that exists is fair. list of things he started off with, very equity-friendly. like building the pipeline, saying we will use american materials. is verylding the wall bullish for commodity producers. ultimately, i think the big question is how the bond market reacts. bond yields of not broken up to the outside like they started to do after the election. it is clear that trump will push for a bigger deficit in the u.s.. that, coupled with inflation that will because by these policies, will cause upper pressure on interest rates. charlie: is that going against republican orthodoxy? >> absolutely. while there is optimism, you

keep seeing things attached to it. a vague optimism that a certain amount of his wish list will get accomplished. the big question to me is, march, we will look at the debt ceiling again. and will be's deficit hawks in congress who pushed so hard against expanding in the past, will they fall in line behind trump on this? or will there be friction on this? that is the next litmus test. >> you have to remember we have had almost a decade of expansionary central-bank policy in the u.s. and around the world. it is almost as if we have a forgotten the very reality. the fed has kept interest rates low and pumped money and stimulus and the economy. said, they were pleading with congress, spend a little more. please, spend a little more. charlie: there needed to be a

fiscal response. >> we have an opportunity to see what happens. charlie: primarily infrastructure? >> primarily infrastructure. it will be interesting to see military spending, as well. whether he thinks a jet fighter should be priced as it is listed. the balance sheet of the federal reserve, bank of england, european central bank, and bank of japan, if you combine those balance sheet, they were $3 trillion in 2008. -- $13e 13 trillion trillion. at least in the u.s., we do not have that expansion. do not believe the federal reserve balance sheet will be shrunk, but i do not think it will expand. we will not have the monetary push. we have got to have the push from earnings. we will also have interest rates going the wrong way. that, notxplain

everyone works at blackstone. [laughter] charlie: explain how that means in terms of how a push for earnings comes about because a positive -- is in effect and what the consequences are across the board. >> earnings have been trapped between 115 and 120 on the s&p 500 for the past three years. now they are expected to go up to 125. there has been very little earnings improvement over the last three years. under trump's program if he cuts taxes, dismantles regulation, earnings can go to 130. the market could sell at 20 times that. that is 2600 on the s&p 500. that is a 10% move from here. me, there is an important constituency that has to be convinced this is real. that is the board of directors, ceos of companies around the

five tofor the last eight years. they have been using the money they have taken in and given back dividends. charlie: in factories. >> they do not. do they say, we want to go for it? we want to spend money in ways we were not comfortable before because there is an opportunity we do not want to miss? so far, they have not gone for it. >> operating rates are 77%. plenty of capacity in the system. you do not have to go out and build it. >> you may not have the same effects of the trump wants. >> to get back to the buybacks and dividends, which very much help the stock market, a lot of that was fueled by ultralow interest rates. to me, he has not talked about the most bullish aspect of his platform. the corporate tax cuts and the possible repatriation of

overseas earnings. seencompanies -- i have numbers, hundreds of billions. trillion? charlie: that corporations have overseas and have not brought back? >> all of that would come back because they invest overseas, too. some will be used over there. charlie: they will be losing it over there. >> it is not for free, they will pay taxes to the government. >> 35? >> they pay around 27. is just an instant adrenaline injection to the stock market. i do not understand how much is the stock market discounting that as being a done deal? the easiest thing for trump to get through congress.

having a one-time holiday to allow it. >> i think the big drivers of the market are lower corporate taxes on income, not the repatriation. and, the dismantling of infrastructure. of regulation. has cost companies an enormous amount. it has hampered their operating activities. those are the big losses. he has got to get those through. charlie: he will have paul ryan's support on that, for sure. let's paul ryan will support him but he is a deficit hawk. he wants whatever program trump implements, he wants to be revenue neutral. you cut taxes on corporations and individuals, you will have to find other ways to generate revenue. to have a balanced budget. charlie: does that have to do with regulations?

regulation is costing companies money. if they make more money they will pay more taxes. >> a somewhat more bearish view. in the last few weeks, they are very excited. but there is a creeping fear that one, rolled by -- ruled by issueand the substantive of border and trade. if you want to get boring we can go into that. but it is a way of putting a tariff on good succumbing to the u.s. would trade war be a product of that? >> previously you could have problems in mexico, who were buying u.s. products? people in mexico. to mexico.atural gas there are some things we have not begun to explore in terms of

a reduction of the free trade regime. >> the profit margins on u.s. companies -- >> china will be a big part of it. and brexit is a part of that. we have a populist wave sweeping over the world. you may see some elections go the wrong way. like germany. >> italy, france. europe, ands important customer of ours, a wildcard. charlie: and china, too. >> the postwar dynamic, it is like a rebate. you are our preferred partner, we will pay for your defense. is that open for negotiation? what trump's and not said, is yes, all deals are on the table. >> and america first. you, thank you.

we will be right back. ♪

charlie: the nomination for the 89th academy awards was announced yesterday. jimmy comeau will host the ceremony on sunday, february 26. "la la land," leads with many nominations. "moonlight," and

"arrival," had eight nominations each. here are a look at the nine films nominated this year for best picture. >> two options, you follow my rules, or follow my rules. >> that is fine. ♪ >> you're fired. i see the decorations, good luck in the new year. ♪

>> strange we keep running into each other. you could just write your own roles, something as interesting as you are. >> is that going to happen every time? ♪ >> how are you going to be a revolutionary if you are such a traditionalist? you are holding onto the past, but jazz is about the future. >> maybe i am not good enough. >> yes you are. >> maybe it is a pipe dream. >> it is compromised, it is very exciting. ♪

>> tell me where you are from. >> kolkata. i am adopted. i am starting to remember. >> a beautiful boy. >> we are very proud of you. >> are you ok? >> i had another family, a mother, a brother. i can still see their faces.

>>[speaking foreign language] >> i have to find my way back home. how long were you on the train? >> a couple of days. lifetime toe a search all the stations in india. do you have any idea what it is like, hearing every day they are screaming my name? >> i always thought i could keep this family together. we need you. you should find home, keep looking. >> i do not have a choice.

beautiful. every night i imagine i am walking the streets at home. every single step of the way. i whisper in her ear, i am here. >> when i first saw this woman, i latched onto her. i said i don't want to marry, i want to be your man. i said to move out of the way for the marrying kind, so they can find me. that is what she said.

[laughter] >> i want him to help me with this fence. >> he got recruited by college football team. >> it that is what she said. ain't going to get him nowhere. playedwo men ever baseball as good as you. >> what did it ever get me? >> how come you ain't never like to me? >> a man is supposed to take care of his family. you live in my house. you put your behind on my bed because you are my son. don't you go through life worrying about whether somebody likes you are not? you make sure they do right by you. he's trying to fill out your shoes. >> i don't want him to be like me. decent thing that happened to me is rose. >> that's all you've got to

measure yourself against the world. >> rose, i've got something to tell you. i don't know how to tell you this. you ought to know. it's time. >> what did you ever give me? >> your feet, your bones, your pumping heart. everything that boy do, he do for you. admits not easy for me to i've been standing in the same place 18 years. >> i've been standing with you. don't you think i had dreams and hopes? what about my life? what about me? what are you going to do? build fences to keep people out. others build fences to keep people in.

>> what are you looking at me like that for? >> come on, man. you drove down here? >> yeah. at some point you've got to decide for yourself who you are going to be. don't let anybody make that decision. what's wrong?

>> i remember the last time i saw you. >> you are my only. .ou're going to listen > >> to who, ma? to you? >> i haven't seen you in like a decade. what did you expect? there are days that define your story beyond your life. like the day they arrived. what might be called first contact. >> pack your bags. at the top of

everyone's list. priority one. >> you'll be working with him. >> that is what they call a ufo. >> we are being carted off in the medevac. >> not everyone is wired for about what you do. >> you will see soon enough. >> every 18 hours, the door opens up. that is when we go in. >> that just happened. >> what happened? >> they arrived. you need to see me. >> are you insane? that is a proper

introduction. of 12. is one >> we are never going to be able to speak their words. >> it's their language. make sure they understand the difference between a weapon and a tool. are you dreaming in your language? it's possible they are prodding us to fight among ourselves. >> it's more complicated than that. executed one of their own. >> i go back in.

hell is your delay, captain? >> we are waiting. >> waiting for what? >> private doss. >> i did not get much school. i can't stay here while all them go fight for me. >> is this war going to fit in with your ideas? >> everyone else is going to take life. i'm going to save it. >> this is a personal gift designed to bring death to the enemy. >> i'm sorry, sergeant. i can't touch a gun. >> you don't kill? >> no, sir. the private does not believe in violence. do not look to sav him to save you on the battlefield.

>> i do not think this is a question of religion. this is a question of cowardice. >> they are saying you could go to prison. >> i don't know how i could live to myself if i don't act on what i believe. don't seem like such a bad thing to put the world back together. >> you are free to run to the hellfire of data without a weapon to protect yourself. >> i'm going to get you home. >> there something you've got to see. this? did >> i'm going to go back up tomorrow.

>> healthy. >> trust me. >> you'd better come home to me. lord.ase, help me get one more. help me get one more. >> just enough to keep your mom four. so they could take her land. >> it's a big bank. >> that's what she said. >> they can foreclose on friday. get the money to the bank on thursday. then you are free and clear. >> brother, let's go get the

money. >> you've got a gun on you, old man? >> are you going to steal my gun, too? >> we are not stealing from you. we are stealing from the bank. i might have one left in me. it's been a while. >> three months. >> you've been here for a while? >> this bank has been robbing me for 30 years. >> how did you stay out of prison? >> it's been difficult. know what they are doing. we are doing it. >> every step of the way. >> you want advice?

you talk like you're going to get away with this. why did you agree to do this? >> because you asked, little brother. >> i think i got these boys figured. >> you've got no record. you've never been arrested. you don't fit the bill. whatever our here, i won't believe. >> you believe it. i did all of it. >> i love you. i mean it. >> i love you, too. two, huh?inst >> you are going to end up

unemployed going around in this pile of junk. >> you have identification on you? >> nasa. hired --no idea they >> there are quite a few women in the space program. women are chasing a police officer down the highway in 1961. that is a god ordained miracle. astronauts will be here for training. we are putting an astronaut in space and it is never been done. the president is asking for an immediate response. >> she can handle any numbers you put in front of her. >> this is about the math. we aren't going

anywhere. >> that is john glenn. would you wish to be an engineer? >> i would not have to. i'd already be one. >> you did it, girl. >> i don't know if i can keep up. >> make that pencil move as fast as your mind does. gone 300 hours. >> it felt like it to me, too. >> we don't have the math figured out yet. >> there is no protocol for women attending. chancey time we have a to get ahead, they move the finish line. >> within these walls, who makes the rules? >> you are the boss. you just have to act like one, sir. we get there together, or we

don't get there at all. >> the fight of our lives, people. >> we can do the work. >> more than 50 million americans watching. >> i've got a warning light. >> it's getting hot in here. if you could take one guy to an island with you and you knew you would be safe, keep you happy, between me and your father, who would you take? >> my daddy. >> you are wrong about that. hello? >> what happened to my brother? i don't understand. >> which part you have trouble with? >> i can't be the guardian. >> the idea is you would relocate. >> where? >> it was my impression you had

spent time here. nobody can appreciate what you have been through. if you feel you can take this on, it is your right. >> where are we going, to the orphanage? >> >> shut up. >>you can always stayed with us. >> do you want to be his guardian? >> well -- >> we're are trying to lose some kids at this point. >> i just want to say i'm sorry. how is patrick doing? >> he doesn't open up with me. >> do you have sex with these girls? >> strictly basement business. >> what does that mean? >> i'm working on it. be my don't want to guardian, i'm fine with it. you are a janitor in quincy. what do you care where you live?

>> i've done a lot of terrible things to you. my heart was broken. >> you don't understand. there's nothing there. i think there's something wrong with me. >> what do you want me to do? >> i'm not going to bother you. i'm going to sit here until you calm down. >> i'm calm. will you please go away? >> no. ♪

mary tyler moore died earlier today. she was 80 years old. she garnered critical acclaim for her performance in the tick -- the dick van dyke show. when she starred in the mary tyler moore show from 1970-1977, she became a national symbol for single, professional women. dramatic handled roles. her performance as a grieving mother in the film "ordinary earned her an oscar

nomination. she was a passionate advocate, serving as chairwoman of the juvenile diabetes research foundation. she was on this program three times. here is a look at some of those conversations. seriouslyalways taken everything i do. there is nothing as serious as they laugh. charlie: yes. it is hard to do. and yous to be crafted have to be prepared and make it look like you don't care. that is the best thing. to have been able to go to college, as i did, on the dick van dyke show -- charlie: it was your education. >> yes. i had done mediocre television until carl reiner read with me, that audition. he wanted tothing hear. the very first time. within 24 hours, i had the part and we started rehearsing in about three days. charlie: have you ever had an acting lesson? >> i went for about 20 minutes

to a school that was a part of 20th century fox. [laughter] charlie: like me and therapy. >> no, let's talk about that. charlie: what would you like to know? have you done therapy? >> sure. charlie: you went to lessons about 20 minutes. >> i had what they call a talent school. the hangover of the old days where they had people over contract and it was thought you would go to this school and learn to be a tree and a teapot and somebody would put you under contract. it was a brief sojourn for me. dancer,n to be a chorus which i think of as my true calling. and then from that i went into acting. charlie: when you look back, who has made a difference for you? who has been important, other than your husband?

who has made a difference for you in terms of lessons and helping you? birithout question my aunt die, my mother's sister. she lived with her, their mother, my grandmother. years,my teenage actually when i was a baby, they would have me over to the house and i would stay a couple of days at a time and as i grew older, i leaned on them quite a bit teary they were the ones who theuraged me to take dancing classes and to sing and they made my costumes and drove me to the shows. she was very definitely most important. charlie: did you know you wanted to be a performer? >> i knew when i was three. my grandfather said of me when i was three, this child will end up on stage or jail. [laughter] fortunately -- charlie: birdie made sure.

when you look back, the dick van dyke show, mary. a the dick van dyke show was turning point for me. whoever knows. charlie: who were your heroines? >> katharine hepburn. if you look at the early there's af the show, definite katharine hepburn tome to my words. rob, darling. [laughter] charlie: you were stealing from kate. >> i did not know what i was doing. charlie: did you think you had talent? or i am lucky to be here? >> a combination of both of those. charlie: security and insecurity. >> yes.

i can knock them dead. why would anyone want to see me? charlie: i hope they don't find out. >> it's true. charlie: a lot of people are like that. huge confidence and other times -- >> a big dent. your image ofme mary. who do you see in the mirror? >> i think i see a good sport. i think i see somebody who is compulsively truthful. charlie: that is true. someone said about you, mary will tell the truth. she will not know how to lie. compulsive. >> yeah. i have always liked you, charlie. [laughter] i watch the show every night. charlie: you said i was your second favorite person. >> shortly i did not put it that way. very rude. tonight you are my first. charlie: ok.

i will survive. you were full of, i am ready to take it on the road. as a dancer. >> i got married when i was 17. i was 18. i had my first child, my only child at 19. i was eager to get out on my own and prove myself worthy of somebody's attention. charlie: when did you do that? >> i don't think i have yet. i do not think it is important. i remember a quote from dorothy parker who said what other people think of me as none of my business. as long as i am respectful of other people, i can take that as my own motto. i learned that in a book. and saying judging, they do not understand. they have to do this, just let it be. do your best. charlie: are you looking for some sense of coming full

circle? after all the of been through, the highs and the lows, there is still something you are reaching for? >> sure.i have no idea what it is . happiness is an evil lucian. it continues -- is an evolution. it continues. sometimes it is low and other times it is prime in your life. charlie: when you think about career. any great regrets? career. >> no. maybe one. that is after "ordinary people," which was a wonderful time for me, it was a great role. a lot of attention. people sent me scripts to look at and i read them thinking they should have been the same shape "ordinary people" was in.

perfect. very little change. thingsurned down a few that might have, had i worked with the producer and director -- charlie: a continuation of the performance you saw in "ordinary people." not'm sorry that did happen. i did not understand the business. that is the worst thing that has happened to me. charlie: you're just fine. mary tyler moore dead at 80. ♪

>> a step in the right direction. japan's consumer prices fell. the pace of decline eased. mixed results from tech. microsoft is a hit. trading will be thin later with several markets closed as we had toward the lunar new year. president trump may tax imports from mexico to pay for his controversial wall. ur ofis the second ho daybreak asia.