announcer: from our studios in new york city. this is "charlie rose." charlie: leaders from around the world have heard today for the opening of the united nation general assembly. president trump addressed the form for the first time. in his 40 minute speech he threatened to destroy notes -- destroy north korea and called iran a rogue nation. pres. trump: united states has done very well since last november 8. the stock market is at an all-time high, a record.

unemployment is at its lowest level in 16 years and because of regulatory and other reforms, we have more people working in the united states today than ever before. we meet at a time of both immense promise and great peril. it is entirely up to us whether we lift the world to new heights or let it fall into a valley of disrepair. the united states will forever be a great friend to the world and especially to its allies. but we can no longer be taken advantage of or enter into a one-sided deal where the united states gets nothing in return. the united states has great strength and patience, but if it is forced to defend itself or its allies, we will have no choice but to totally destroy north korea.

rocket man is on a suicide mission for himself and for his regime. it is an outrage that some nations were not only trade with such a region, but would arm and supply a country that imperils the world with nuclear conflict. an government is andnd a guys of -- economically depleted rogue state whose chief exports are .iolence, bloodshed and chaos be iran deal was one of the worst and most one-sided transactions the united states has ever entered into. that deal is an embarrassment to the united

states and i don't think you have heard the last of it, believe me. we cannot abide by an agreement if it provides cover for the eventual construction of a nuclear program. above all, iran's government must stop protecting terrorists, begin serving its own people. >> the president also said united states was repaired to take action on venezuela. joining us is the president of eurasia group, and the economistchief of the magazine. i am pleased to have you both, welcome. 's speech,ent trump what did you think? nny: on one hand, it was the typical trump's speech. it is not the typical u.n.

speech, not what they are used to. but if you compare it to his campaign speeches or inauguration speech, i think he was somewhat less bellicose than expected. in the campaign he said the u.n. was a disaster, today he did say it was an investment worth making. charlie: even though the u.s. hate a lot more than every other country. zanny: in many ways it didn't go down, -- the swedish president said ron speech, wrong time, wrong audience, but if you to a campaign speech, this wasn't particularly out of the ordinary. ian: if trump's speech to the joint session of congress was an a, and his first international speech was a b-, this was a b+.

i generally agree. crafted speech. you didn't have the economic , but you absolutely got a lot of steve miller on iran fanand north korea. isrlie: north korea understandable, but iran? ian: they have clearly been projecting -- the united nations is something formed by values,s, it is our things we stood for in that our allies behind us and certainly the president has had challenges with the u.n., but trump is sort of antithetical to the u.n. he thinks about you based

allow allies to treat us as patsies. i think you have someone like that who is truly a unilateralist saying this is all about sovereignty, the kind of speech you would expect from the chinese 20 years ago, delivered that, that is a bigger turn. zanny: that's right, but what is it was written, if you listened there was an attempt to remake history to suggest that the u.n. has been a place for benign nationalism and that's what the u.n. was about. and i thought, wait a minute, does he know what the u.n. was founded for? if you listened to president leconte today, it was all about multilateralism.

that was never mentioned by the president. he defined america first as being sovereignty, security, and prosperity. after that he said we have problems that threaten us all and we need to work together on those problems, the multilateral part of it. need to work together, but it is all about putting our nation first, putting ourselves first. as vision of the u.n. is group of countries that come together and perhaps try to solve problems when he thinks there are problems to be solved, an or north korea, but there is nothing about the broader problems that the u.n. and four. ian: finding a coalition of the willing, then we engage. on north korea, that approach has so far borne some fruit.

trump administration deserves credit for that, so does kim jong-un. that is very different than talking about what the u.n. is for. it is trying to stop wars from right?ng, unicef, zanny: a colleague of mine had line, trump's idea of the u.n. was like a troop of cowboys -- charlie: is he wrong that countries should act in their own interest? zanny: no, he's not wrong about that. but the postwar order was it was in america's interest to set up institution and rules. i think in the transactional ianw that trump has that

talked about is right here, right now, this situation. -- i havefiduciary the the fiduciary responsibility to maximize return this quarter so i'm going to do everything possible. i'm going to maximize, cut back those people, sell it, and turn it. or you can say my fiduciary duty is to be a steward of this company for all of the people that invest in it. of stewardship is the former, the fiduciary responsible and someone who understands real estate deals. zanny: sometimes that will be ok, but looking at climate change, that is clearly where this transactional approach breaks down. multilateralism of the u.n. -- charlie: there are two ideas

introduced of the weekend, one that the united states may be re-looking at the paris accord. mcmaster suggested that is possible here also suggesting they wouldn't necessarily withdraw from the iran nuclear deal. zanny: i think the latter is , andly possible maybe the former. what was going to happen, what was this new unilateralist america first approach, and i think there is a sense that actually there is not is much -- not as much dangerous stuff as we feared. where one is quite sure he is going to go next or what will happen next. realitywith you that in the change has been less

dramatic than what was expected seven or eight months ago, but uncertainty creates its own damage. if you are outside the u.s. you worry about whether you can rely on the u.s. now. the iran to take on issue. president trump says this is a horrible deal, we have been bamboozled. he particularly hated having to certify that the iranians have so far been living up to the deal. he said they're really not, probably not in reality. behind the scenes i have heard the white house is trying to calm up with a mechanism that they don't certify, but they don't actually pull out on the .eal the reality is the french government, british government, saudi's, israelis, behind the scenes are telling trump, bad deal, but do not pull out of this deal.

if you do, everyone else is sticking with it. i think the trump administration understands that. he ise: is that why perhaps moving to not pulling out? ian: yes and i think on national ,ecurity trump understands unlike other things, he doesn't know what he is doing. after hean interview was president thing i was committed to nato and the rest, and i said that back then i was a businessman, i just didn't know. i have changed. i have never seen him admit he didn't know anything about health care, taxes before, or trade. on big issues i think he is more willing to let the generals do it. that should give some comfort to a lot of allies that are not so sure about his unrelenting tweets and the fact that we don't really have an adult -- zanny: the other interesting

aing is we should all welcome more normal administration, or less dramatically different, but outside the u.s. particularly with allies, the trump brand is toxic it is much divert -- to be seen to close to trump. if you look at the german election, angela merkel is most certainly going to win, but the chief on the opposition has been hammering her saying she is too close to the president. they say the way in which america under president trump has become part of domestic a la ticks and ally countries, which is not helping -- ian: mexico, south korea, this is becoming a serious problem. charlie: that he doesn't have credibility, they have trouble believing --

the yes, and it's affecting politics inside those countries. on can use it as a club yourself that you are more anti-trump and anti-american then somebody just caught in to line his own pockets or whatever -- end up beinglicies much less america first and isolationist than people feared. i think you're right, the administration is becoming more normal, and a less dramatic and changes. but public at opinion is very anti-trump --

charlie: where are we with respect to north korea today? ian: i feel ok about north korea. statements have had by trump through nikki haley that say we are running out of rope and if they don't behave we are going to destroy them, i think is both posturing and at the end of the day it is fantasy land. i do not believe we have realistic military options given our allies in the region and what we would be exposing them to, but i do believe the process of trying to corral the largest possible group, all seeing north korea's actions as antithetical

to their interests. secretary gutierrez made this clear, as fragmented as the world is today, it is almost onossible to get a 15-0 vote anything in the security council and we are consistently doing it in north korea. that is not because of trump, that's because this is the only thing that has a glimmer of a chance of working. charlie: and what did they say if sanctions stop work? they suggest we maintain sanctions, i think what eventually happens in north korea is we live with the fact they are a nuclear power as we have with pakistan, india, i know they are worse with respect to international stability -- charlie: when respond? ian: as long as americans are providing a feasible and

-- i don't think the japanese are opposed to nuclear weapons, but i think the potential to deal with north korea isn't until they have hit nuclear capability that they are safe from -- zanny: i think it is potentially less dangerous than we have been worried about, but i think they are going to -- they are well on their way and we will have to treat them as a new air power, but before we get there, i think it works on being clear and disciplined in statements and we are quite there on the u.s. side . i do worry about the possibility of miscalculation here it i do not think there is a military solution, i do not think there will be any big preemptive strikes, but there is room for

miscalculation on both sides. there are people who say you cannot let them get there and we have to act. charlie: do you think north koreans continue to do this because they don't take u.s. threats seriously? we have to do something, say something to get there attention. zanny: i have no idea. i have never met kim jong-un. it seems there are several things going on, one is this is an individual that his entire family for generations has built great -- of the united states and the development of a nuclear problem has been a way of maintaining -- it has been the countries read on -- it's not just they will stop if the united states takes them seriously, i think it is a big part of what north korea is, which means they will be

stopping for reaching nuclear capacity. ian: the last time north koreans tested a missile that went over japanese airspace in the united states was biggest headlines the next morning, in japan i was looking at their lead show and there were six hot topics, it was not one of the six. the fact is the japanese and south koreans have been living with a north korea that has the ability to decimate them for a long time now and now that there principal ally is paying attention saying wait a second, you could do that, those are our allies, but if you have the ability to hit the united states, now we have to do something. that just doesn't play well in that part of the world. ien though i thinkzanny and have talked about this a bit, the fact that the united states, ultimate policies are probably

not going to be so different than they were, but the way we are approaching them, the america first language is leading to a much faster unwind of these alliances. charlie: will there be an iranian reaction to what they heard today? zanny: there may have been one already. charlie: it was a rather strong denunciation, more than evil empire. it was a strong denunciation, but against the backdrop that precipitous action by the united states is going down day by day. i expect there will be a calibrated response. with president rouhani on this today. charlie: have you heard it? .an: he knew what was coming it was, let's be clear, if this deal is unwound then the

americans pull out and the conditions by which we were deciding to non-proliferate are going to be different and we will behave differently. he sounded the way the chinese a sound when they were responding to the original taiwanese phone call. they showed they were angry and strong, but were going to do anything precipitous until they saw action. zanny: the rhetoric is terrible, but if the president moves away from blowing up the nuclear board, then iran is sitting pretty, because the rest of his middle east strategy is completely muddled. , in part,o blow up obama's legacy. -- thelook at where iran u.s. has no way of serious -- charlie: he is having a hard time with obama's legacy, he was not able to repeal health care.

he may go back to the paris accord, and thirdly, he may --ve the uranian nuclear iranian nuclear deal. ian: i don't think he will go back on paris. charlie: there's two years before it goes into effect. ian: that's right. there are so many cities, corporations, states, saying they're going to uphold it anyway. you and i talked about this right after the election, the end of the day as much as trump is off the rails ideologically, the ability of presidents to move the needle on policy is much more limited today and the market is reflecting that. charlie: has china stepped into a -- vacuum? ian: no. have recognizes they

greater opportunities in their backyard because trump is not consistent on trade and security, but the chinese are not ready to be the global leader. they don't want to step their head over the parapet yet and they are deeply concerned about instability that could come him trump in the way the russians like it. zanny: i think you're right, they are not stepping into an overt leadership role, but they are making the most of the vacuum crated by the u.s. charlie: certainly in the region, too. zanny: in the region and beyond their region. charlie: we were talking about the same event over the weekend and we heard an intelligent voice in the military say, the most important -- may very well be -- isny: i think that interesting, but that is an extremely long horizon.

that in the kind of next decade, 15 years, i wouldn't give -- on china. charlie: celebrate your opening to india -- wins.ndia is one of the charlie: you can focus more -- more, theydia once just had a meeting, big japanese investment. talk about security corporation, definitely indians are playing more of a geopolitical role. i was as surprised as you were one we heard that, it, but that also depends on a united states that in 10 or 20 years once to continue to play the kind of global strategic role and play for it -- and pay for it aired i wouldn't bet on that yet. biggest question, the

trump administration has taken a step change in america's attitude to the rest of the world, maybe not as extreme as eight months ago, but still a change. there are two questions, does the world move on to where you could go back to status quo and secondly, does america want to do that? view changed? i can't see very many free traders around here on either party. sure either domestically or in terms of where the rest of in time we gois back to what everyone talks about as being the america that -- ian: exactly right. i think there are large pieces of the american power establishment that believes once trump goes we can go back to status quo on both of these

things and i am deeply skeptical given how fast the world moves and where the average american is that the 2020 and 2024 results are going to -- populous -- from the left or the right -- zanny: not sure either of those will be signing up to the american-led national order. a lot of the foreign policy elite in this country think that that is there to be gone back to. would beink if bernie president, we would not have an expansion of afghanistan troops the way we are right now. charlie: that is an interesting idea to leave for the next session. thank you. ian: thank you. charlie: back in a moment, stay with us. ♪ what did we do before phones?

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judy dench plays queen victoria, someone she has played before in 1994. it focuses on the run chip between queen victoria and her servant teacher. the performance is called irresistible, here is a look at the trailer.

almost a billion citizens, i have been in office -- the longest-serving monarch in history. are we finished? to the royalravel household, you will present the queen with a ceremonial going -- ceremonial coin. >> whatever you do you must not look at her majesty. prime minister, you are really terribly depressing. >> yes. >> your majesty. >> i feel a great deal better. how do you like your costumes? >> they are very scratchy. >> everything here is scratchy. what is a mis-? mango. like a

no one knows what it's like to be queen. what is the point? we are here for a greater purpose. >> you are a servant no longer, du -- urdu.ach me ur >> are you insane? greedy, fat, disagreeably attached to power, but i am anything but insane. empressen of england, of india.

merits, here on his own now he is my friend. i'm surprised. >> what is it? mango, your magisty. welcome. i am pleased to have dame judy dench here with director stephen frears. stephen: i am innocent, they turned up with the script. queene: i asked you about victoria, and i said how would she feel about queen elizabeth and you said she liked very few people. yes, but in a funny way

this film may prove that that that shesay about here said we are not amused, i guess she was amused quite a lot of the time, actually. yes, you get that impression from the relationship. judy: you certainly do. we laughed quite a lot, actually. she stand ine does terms of memorable characters you have for trade on screen, either fictional or real? judy: i don't know. i never know, really. i do it and he tells me how to do it and i get up and do it. and then i fear -- i want to change it. charlie: we will get to that in a moment. tell me how you see her. judy: i see her just in terms of the fact i had an opportunity to play her 20 years ago so i had

done that kind of homework and thought i knew the story about your. then there is surprised to find 80'sthere she was in her and she says all of her friends the weightnd still of sovereignty on her shoulders, very much so and getting more difficult every day. god knows we feel it in our 80's more and more difficult every day to carry out her duties. i think quite suddenly this young man turns up and that feeling that has obviously always been in her, that huge not perhaps for life, but for enjoying somebody's company at ease from everybody else, suddenly it was reawakened. charlie: what was it about him that made him an interesting

companion? as i understand that she liked him standing behind her, because he made her look good here at but i think she liked her subjects. then,s empress of india this idea of learning urdu arrived. charlie: what was he like? judy: a good-looking man. stephen: i made him good-looking. charlie: he was really good-looking, was in the? judy: yes. charlie: what was the magic between them, they could talk to each other, they just liked each other, she was at ease around him, he was at ease around her? stephen: absolutely. the empire was so ridiculous and the court was so absurd and then

there was somebody who probably wasn't part of it. she is: this is where asking abdul to become her teacher. worryare not here to about ourselves, we are here for a greater purpose. in the koran it says we are here for the good of others. koran? >> yes. i know it by heart . >> isn't it very long? muslim people know the koran. thought youdu -- i were hindu. >> i went for my father, he was my teacher. >> we would like you to be the queen's teacher.

i'm only a servant, your majesty. a servant cannot be a teacher. you are a servant no longer, , theill teach me urdu koran, and anything else you can think of. stephen: i think she found him exotic. charlie: what you mean? friend said would you like to -- because it was exotic. might have had a point, somebody comes across some any from another country, dressed in extraordinary clothes. charlie: he's different, brings something new? stephen: absolutely. when i met him he came into the room, by the time he left i said, well i can see why judy would like him.

charlie: you just see her as queen victoria? stephen: yes, but it's not very difficult. she has played her already. they suggested other people and i said don't be silly. charlie: if you want -- stephen: yes. that is a ridiculous idea. charlie: does she remind you -- has she achieved this place -- you're going to hate me for this. has she achieved this place in england where she is almost like royalty? stephen: judy or queen victoria? queen victoria was the most powerful person in the world, so you have to have somebody who can do that. she also appears to be a teenager. the film was always mischievous. here is an actress who can play somebody powerful and is

mischievous. charlie: what do we know about how when she became older, she was then queen of all she could see and beyond? did she change as she got older? judy: i think she only change because of her relationship with abdul and he gave her several more years of being alive. somebody could teacher to write urdu, to speak it. she could say things, have a joke. how wonderful is that when you are surrounded by people saying yes, no, and hacking away from you. able to say i don't want any of you here. i would like to have a quiet time at a cottage -- charlie: do you think she saw

him in a romantic way? judy: i think any aspect of everything she could see him, she saw him. love, romance, as a mother, she wrote him five times away. five times a day, while he was away? stephen: no, the other end of the corridor. judy: sometimes mother, sometimes friend, every aspect of affection that she felt for him. offers youen someone this kind of role, do you instantly say yes? judy: yes. charlie: it doesn't meet any test? judy: no. charlie: you know queen victoria? judy: he knows i will do a bit of -- trustworthy.

charlie: -- judy: i don't care what the part is. charlie: you'll just take it? what is the dynamic of this relationship? stephen: there is no dynamic. i love her, admire her. she is not your typical british actress. judy: yes, i am. they say what is it like to play queens all of your life, i say i have not played queens all of my life. i played a lot of people who behaved badly. charlie: which do you prefer? behavede ones who badly, of course. stephen: they all say that.

charlie: you can have more fun with them, is that it? judy: yes. get -- constantly you play a part and then somebody looks at that and thinks i know what kind of person an old person of 80 could play. play an old to person. i want to play someone who can do you havetrope -- that part? charlie: no. what i will create it. stephen: everything i like. charlie: yeah. will you go back on stage? judy: who knows. charlie: you would do it any moment if the right thing came along? judy: yes. charlie: you don't need to work,

darling? -- judy: i do need to work. charlie: for your pocketbook? judy: certainly not. for my -- yeah, sanity. charlie: for your what? for my force of life. why give up? give up if you're lucky loveh to do a job that you -- charlie: i am with you. [laughter] charlie: i am all in on this idea. the more you do the better you

feel, the better you are. judy: yes. stephen: it satisfies your curiosity. charlie: is there anything you want to do, any role -- no, nothing. judy: just something different, or something. just be employed, that's what i want. be employed learning something new, preferably. writingiting her do -- urdu. charlie: any desire to travel a lot, or you party done that? the: you're asking me at wrong time, because we have been in venice and we've in in london and in toronto and here. downe are all in for a lie for 24 hours. charlie: you think about royalty as -- i think you once said idiotic. reason: i think for one

-- for some reason the queen has been rather impressive. when we made the queen she reminded us all of our mothers. working as a motor mechanic, probably the happiest moment of her life. i admired the woman. i am a cleanest -- i am a queenist. goode of wales became a king, he stopped the first world war. then he gave up the crown. stephen: no, the one in the film. charlie: here he is. victoria's son, scolding her for not treating abdul like a servant. >> she was scandalous sitting

next to a servant, and a hindu to boot. >> he is muslim and knows the koran by heart. servant no longer. he has been given a staff of his own. >> you are treating him like a member of the family. abdul.i like he is coming on holiday with us as a member of the household. >> you cannot take a muslim to florence. >> i can take a muslim to wherever i like. good night. [applause] charlie: he just said that should be written on the statue of liberty. i can take a muslim wherever i want -- wherever i like. you must think that you would of loved the queen, queen victoria, you would have liked her? she has these --she knows who

she is? she is a bit firm? judy: quite firm. charlie: sense of humor or not? judy: she must have had a sense of humor. she missed out a bit i think on her relationship with all of her children. i feel sorry for when bertie says i have only just arrived and she says we are going away and he's coming with us. he didn't get much change. charlie: why is that? judy: choose like that with all of the children. stephen: that's how people were brought up. you saw your children 50 minutes in the morning and 50 minutes in the evening. until you americans arrived and the revelation -- [laughter] doing other you

things coming up? murder on thedone " orient express." she has two dogs, it was very nice indeed to do and a lot of very glamorous actors. charlie: let's assume there's a place to go after you die and let's assume there was somebody there and says what have you done to deserve coming here, follow me? what would you say? would you say have you seen my performance in -- stephen: terrible question. mean, -- judy: how could you answer that? would you say this is

what i -- judy: i behaved badly in a great many plays your summary said he saidg like that and you know in a playground there are groups of children, there is always one group behaving really badly and he said she's -- charlie: behaving badly at the other end? stephen: appalling. thank goodness. charlie: what is an example of that? stephen: my mind has gone blank. charlie: she is the straw that stirs the pot? stephen: yes. there is suddenly a lot of laughter and you think all, she is off again. at my expense. judy: always at his expense. charlie: was there anything you

have not done that you wanted to do? .udy: i look back fondly charlie: at the life you have lived? judy: at the time i have had and the good fortune, the really good luck. it is nothing to do with good actors are employed, and bad actors are not employed, it is not like that. actors who are employed just happened to be lucky, because they just happen to be in somebody's eye at the time, it is absolutely true. not being modest. it is true. if you happen to get some kind andreak and you can go on learn from it and maybe get another job, that is how it is. there is no guarantee, not at all. it's just -- i just think good luck and you meet great people along the way.

to have a laugh with. you in: i first saw 1957. judy: my first job. charlie: what were you doing? ophelia.ying charlie: what did you think when you saw her? stephen: i didn't think. --y: i got terrible charlie: what did you think when you get the terrible notices? judy: summary said, don't read those. charlie: did you always have confidence it would somehow turn out ok? judy: no. no. confidence, ify i give the appearance of it, that is acting. charlie: you have had this long career, you have gone from one

kind of performance to another from james bond to queen intoria two films w you did india, you have worked with the best directors. judy: i have? i have. stephen: she was always very good at doing new things, the truth is you started working films after -- in bond?you get cast she suddenly went into something new. the entertainer of the royal court, something completely new. . doing this and start doing this. charlie: i'll stop doing shakespeare -- stephen: yes. charlie: he actually said he wanted to sing and dance on stage? stephen: he did. he did want to.

did you know olivier? judy: i knew him, but the only time i worked with them is when we joined the e.u. there was a huge concert and you ,ad wonderful singers everybody, all of europe represented in the arts. it was glorious. we were the links between the mall -- between them all. charlie: never a chance to be within -- with him on stage? judy: no. charlie: is a friendship between you and maggie, is that a deep, long friendship? judy: it is. we met in 1958, so we have had a long time together. charlie: do you keep up with

each other? oh, yes, i had a text from her the other day. charlie: you invented -- slippers -- her thank you for the chippy slippers. charlie: very good. it is always great to have you. judy: good to be here. charlie: like seeing an old pal every time you come. judy: it is good, isn't it? ♪

♪ is 7:00 a.m. here in hong kong. i am yvonne man. welcome to "daybreak asia." the fed to begin reducing its balance sheet next month. janet yellen sees another rate hike this year and three in 2018. sent the dollar surging, racing earlier gains, but climbing above its g10 peers. globalfrom bloomberg's headquarters, i am betty liu in new york. it is after 7:00 p.m. wednesday. i'm meeting with opec and its allies on signs the cartel may change output curves.