skill level. additionally, the government of nepal should require climbers to climb other big peaks before going to everest whether it's another 8,000 meter mountain >> the problem is there's a lot of money that they would lose for that that's tough >> i know. they want the $300 million thank you. glad you're safe that does it for "the exchange". i'll join the crew for "power lunch" which begins right now. >> thank you new at 2:00, president trump getting ready to hold a news conference minutes from now. we'll carry it live. inflation of the fed's next move more speculation a rate cut is coming soon. and going to work. we kick off looking at america's rapidly changing workplace and what it means for employers and the labor market "power lunch" starts right now welcome, everybody, to "power lunch" for a wednesday.

glad you could join us stocks down for a second consecutive day after a long win streak holding relatively steady. major losses no, not today minor ones, yes. facebook is, however, sliding at this hour. internal emails reportedly show the ceo was aware of problem privacy issues we have more on this ahead it's the ipo of the day. crowdstrike soaring on the first day of trading >> over $60. bob pisani is tracking this and the rest of today's trading action from the floor. bob? >> yeah. one trading for the day crowdstrike of course -- 28 to 30 and then 19 to 23 earlier in the week that's a big move to the up side nice volume. we're talking about 600, 80 $0 million raised for them -- >> we're having some problems

with bob's microphone. let's talk about new inflation data fueling more speculation that a rate cut may be coming soon steve liesman is here to break it down. steve, you ready >> i'm ready i thought it was my ear piece. >> we all thought that we're good to go >> what about low inflation which the fed said was transitory it failed to transit out of the economy. headline inflation rising 2 %. core inflation, take out food and energy rose a tenth for the fourth month in a row. leading the year over year rate to decline to just 2 % bmo says despite modest pressure from tariffs inflation is well in check due to the strong dollar falling labor costs and aggressive online kcompetition driven by digital technologies there's two economies in the data service inflation, we took out energy from both of the calculations

2 .7% year over year commodity and good prices appear to be back in the deflation mode leading to fed to miss the 2% target markets judge it good enough or bad enough to prompt the fed to cut rates because inflation is weak or because the low inflation numbers suggest a faltering economy. odds of a july rate cut stand at 84%. >> for july. >> for july. >> what is it for june >> 22ish >> okay. but it was 80 a couple minutes ago. and then i just updated it to 84 they're pretty good sure it's going to happen. i don't worry a little bit that the fed is complicated for them to get there >> and that quickly. >> right >> steve, thanks we are exactly one week away from the fed's next decision on interest rates up or down or neither. if the chances of a rate cut improved and what should

investors do with that information? let's bring in founder and ceo of matson money, and chief and ceo of warren financial services mark and randy, good to have you. what do you think the fed will do in june and july and will it be a tonic to the market or has that tonic already been drunk? >> the market is extremely great at taking predictable information and factoring it in. therefore, only unknowable or unpredictable information changes prices going forward one of my toughest jobs with investors is to get them to ignore the fed and focus on the next 10 or 20 years. i'm saying stay globally diversified. if something bad happens with the market, you have to buy and rebalance and buy more stocks as they go down investors would love to get a crystal ball over the next two weeks. i don't have one >> let's say i don't have a time

horizon of ten or 20 years even though maybe i should, what do you tell those individuals who have a shorter time horizon? i'm not saying measured in weeks or days or months but maybe a couple years but not ten or 20 >> yeah. that's a great question. look, every investor has to identify what risk tolerance they're willing to have. for an investor that can't take a whole equity load. they need high quality short term fixed income. we might have clients with 25% equity 75% fixed income even in you're 60, you might have another 20 or 30 years left many investors make the terrible mistake of having too much fixed income and they don't stay up with inflation they run out of money in retirement >> randy, you say your investors are typically 60 years of age and over i feel right at home with you, my friend, but that they're interested in alternative investments like private equity. where do you send them if that's what they want for a little juice?

>> yeah. this is the approach basically that you want to basically have a plan for if the economy goes into recession we don't see it right now. and i think it would be bad if the fed cut rates by 75 at once. that would indicate they see something in the u.s. economy that we don't see right now. so that would be unknown information. we really don't want to see that you've got to have a plan in case something like that happens. and by a plan, i really mean you need to have some hedging mechanism in place, and you need to have some of these alternatives in place that are not as well correlated i totally disagree with the whole global diversification thing. the rest of the world is not doing very well. so the u.s. is the place to invest right now >> what are some of the hedges, randy, you're talking about that would hedge a private investment >> so we're watching a number of indicators like the s&p oscillator

we're putting on hedges in options on vix futures for -- in one of our funds and also the noncorrelation is a hedge. to get into noncorrelated investments where they made -- everything is somewhat correlated but not -- if you're in a private investment, it's not going to be subject to the dai daily repricing the public markets are going to apply >> mark, you like small cap stocks small value. microcap as well as emerging markets. it sounds like you're out on the risk spectrum? >> i want to comment on our other guest's comments most investors make the same mistake redescribed which is not buying things when they're low global equities are down relative to the s&p. that's why you should be buying them and then the other strategy he suggested are extremely risky. it's speculating and gambling. you might as well go to vegas.

that's not a hedge >> no way. >> they're volatile -- >> that's ridiculous >> let me comment then about what your question was you own microcaps at small values because they have a 3 to 6 % expected premium long term and you don't speculate with your money pretending you can reduce risk. >> randy, you get the last word. >> putting money overseas right now buying something that's cheap, they've been telling me it's cheap for ten years and it remains cheap. there's a reason it's cheap. it's not very good so really, i want to invest in high quality things that are going to go up and get a good return on the investment it's really very much common sense. you put your money where it's going to be treated well put your money where you're going to make a good return on it and don't just guess that oh, well, someday merging markets are going to do well that just doesn't play >> gambling, there's no common sense in gambling. i want to key in with that at the end. >> i wouldn't go to vegas. that's for sure. i would be mathematically

oriented >> a live lie conversation gentlemen, thank you we appreciate the engagement mark and randy thanks thank you. a dip down more than 2%. email the reportedly showing mark zuckerberg was aware of the privacy issues we have the details. julia. >> reporter: that's right. facebook shares falling today on a wall street journal article saying that facebook emails that were uncovered as a result of the ftc privacy investigation suggest that mark zuckerberg was aware of privacy problems at facebook the article says that emails reveal practices that violate the ftc's content decree with facebook the agreement it would protect user's privacy the article pointing to an exchange after the agreement was announced but before it went into effect in which zuckerberg asked his employees about an app that claimed to have compiled tens of millions of user's data. inquiring if it was possible and

if facebook should stop. facebook did suspend that particular app but did not take any broader aggressive action after that interaction now, facebook responding saying, quote, we have fully cooperated with the ftc's investigation and have provided tens of thousands of documents, emails and files at no point did mark or any other facebook employee knowingly violate the ftc. regardless of that statement, facebook said they do inspect a settlement with the ftc to include a fine of up to $5 billion. back over to you >> you know what stood out to me in that particular example of the email exchange was that not only did mark zuckerberg inquire about this app developer stockpiling the data but this app developer was able to display this user information to others using that app despite no matter what the user privacy option was that seems to be shocking that

knowing this information could then be shared even if the person opted out that seems like a slam dunk issue if i were mark zuckerberg. >> yeah. but look, we have to remember that facebook has changed its policies with its app developers several times since back then in 2012 when this happened. but there are all sorts of questions about how much facebook really needed app developers to build on top of the platform how much it was appropriate to share content with app developers with the understanding that it would be a closed system. the question was whether developers could use the data for their own knowledge for creating apps or whether the big issue would be whether they would sell the data elsewhere. certainly looking back in retrospect, it seems suspect >> yeah. either way you slice it. julia, thanks. let's get to dom with a market flash on johnson & johnson. >> as well as coal gait palm

olive. a report saying johnson & johnson have potentially lost a jury verdict in a joint talc-related cancer case out in california and just for a little bit of context, this is because colgate makes a product that's talc-based johnson & johnson with the signature baby powders, but those particular headlines are what are moving the shares lower for both of them we'll continue to monitor the headlines but that's the reason why we are seeing such price action in both of those stocks we'll send things back to you. >> dom, thanks president trump is set to hold a news conference minutes from now with the president of poland we are live at the white house how was the flyover? >> we had a flyover. rare to see an aircraft above the white house. because the polls have put in a large purchase order for fighter aircraft, the president wanted to demonstrate their capability. it was pretty loud and pretty impressive when the aircraft

came over the white house a few moments ago. now we'll wait and see the president and the leader of poland in the rose garden to talk about the relationship between the united states and poland we expect economic items on the agenda including the purchase of 1.5 metric tons of liquid -- this is all about the national security agenda between the countries. the possibility of an announcement of an american troop deployment to poland we'll wait and see what the figures are on that, if we get that announcement here when we see the two leaders in a few moments' time. we'll wait and see the news. we're still a few minutes away no dignitaries here. the vice president is not here none of the major officials in the room yet the polish delegation walking in behind me. we might be getting closer coming up are there pets on mars we don't really know, but there are pets at mars

the candy company opening a pet friendly workplace "power lunch" is going to work with the dogs, next. dear tech, let's talk. we have a pretty good relationship. you've done a lot of good for the world. but i feel like you have the potential to do so much more. can we build ai without bias? how do we bake security into everything we do? we need tech that helps people understand each other. that understands my business. we've got some work to do. and we need your help. we need your support. let's expect more from technology. let's put smart to work. ♪ ♪

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welcome back take a live look at the white house have the president is set to hold a news conference with the president of poland. trump may announce an increased troop presence he's announced sales of an f-35. joining us now the an economic policy analyst at the american enterprise institute anita kumar joins us as well jimmy, is there a cosmic significance to this, and if so, is it more geo political than financial. the troop movements, any talk about taking troops out of germany or anything like that?

what are the hot points you are watching for >> well, it provides a model relationship at least from the president's perspective. poland is the kind of ally the president loves. they buy stuff the president likes that they spend a good chunk of dough on their defense the president likes that they're pretty deferential to the president. they have raised in the past this is president trump's kind of ally. >> and anita, the q and a is going to lead to the more topical points of the day. he's just rolled back the mexican tariffs. everybody is now focussed on the g-20 meeting and if he might do this thing with china. >> right and we're hearing from the white house and people close to president trump that he feels emboldened in how it went with mexico and feels like he can sort of play hardball with china as he goes into negotiations obviously the big negotiating for quite some time, since he's been in office

we're coming to a head where they sort of need to make a deal or not make a deal and make a decision on what they're going to do. >> anita, excuse me, does the president run any risk of seeming overly friendly to presidents who are not overly democratic >> oh, yeah. >> as mr. duda is not? >> you saw some organizations saying that the president shouldn't meet with him or if he does meet with him should talk about human rights violations in the country. but this has been a topic that has gone on since the first day he was in office right? he has been friendly with and talked to and met with a lot of leaders that maybe other presidents wouldn't have done. a lot of groups and human rights advocates have said that he shouldn't have done it his first foreign trip he went to saudi arabia and made that a point of doing that very first

off. he's talked to china he's met with the dictator of north korea. there's been a lot of questions about that at the g-20 he says he'll meet with both president xi and president putin lots of talk about that. but it's been sort of constant for the last two plus years. >> i want to pick up on the point that anita made that the president might feel emboldened having used tariff to good result in his view with mexico do you think that makes china breakthrough even more unlikely? there's a report the teams were not really preparing for this particular round of potential talks at the g-20 as they had for bane other places >> i think the united states feels our economy is doing well. they feel he just won a negotiating victory over mexico, and that he has a secret that no one understands but him which is tariffs are a powerful weapon and they work and just as they

worked on mexico, they ultimately work on the chinese and there's no need to really concede beyond what the united states has conceded. that the president is going to win this trade battle. so that is his attitude. again, as long as the economy is steady, i don't think he feels a ton of pressure. of course, huawei adds another complication and the president has said he's being to talk about that as well that's a tremendous complication for the chinese since they view that as really a stab at the heart of their economy and their desire to be a more technologically advanced economy. >> anita, it seems like the administration believes the economy is strong despite the latest jobs report we spoke to larry kudlow yesterday. he said he projects 3% gdp by the end of the year regardless of what happens with china is that bluster or do you think the administration believes even if a full blown trade war comes into effect that 3% gdp is

really possible? >> well, they do feel very happy with where things are, confident. they say certain things are up and certain things down. overall they feel confident the president is going to launch his reelection next week, and i think he'll talk a lot about that but you know, i have talked to people that are close to the white house who are worried that if things escalate with china, they don't come up with a deal, that the one thing that he has going for him, his biggest talking point, politically is the economy, that it's going to do worse, and that that will be bad news for him politically, and working with other countries and they are very concerned about that the white house, though, and the president don't indicate that at all. they claim they're confident they are confident they're saying they don't think it will go that way. but others are worriedabout it >> quickly, anita, you said earlier the president feels he was successful at using the threat of tariffs to get the

deal he did with mexico. shouldn't he >> well, he should, but as you -- as various people have reported, some of these things were talked about before >> but they weren't done before. >> that's correct. now, politico reported and others reported that we have 45 days here to see what the outcomes are, and there's a lot of places where it could go wrong. in 45 days if the deal doesn't happen or phase 2 of the deal doesn't happen, then what happens? does he threaten tariffs again what are they going to do at that point >> anita, thank you. we expect the president at any moment >> there he is >> arriving with the president of poland they'll have their news conference expected to hit on everything from the tariffs on china to much, much more. let's take a listen. >> thank you very much

please today melania and i are honored to welcome the president of poland and his wife of poland back to the white house. they have become friends he last hosted them in washington in september, and it's wonderful to see you both again. thank you. thank you very much. thank you. a great honor. since our last meeting the unbreakable bonds between the united states and poland have grown even closer. this year as our nations mark 100 years of diplomatic relations the u.s./polish alliance is stronger by far than ever before. earlier today the president and i signed a joint declaration affirming the significant defense cooperate between our nations and as the declaration makes very clear, the united states and poland are not only bound by a strategic partnership but by deep common values shared

goals, and a very strong and abiding friendship our people are united by the enduring ties of civilization, culture and history. we respect the rule of law, revere individual rights, and prize our timeless traditions. we embrace country, faith, family, and freedom. over the past century brave american and polish patriots have repeatedly stood together to defend our sovereignty, our liberty, and our noble way of life when i was last in poland, i was very proud to stand among veterans of the warsaw uprising. and recall their incredible courage in the face of nazi tyranny. today we honor the sacrifices of all those who came before by doing our part to safe dpaguard independence and strengthen the

incredible u.s./polish alliance. as stated in the joint declaration, the united states and poland continue to enhance our security cooperation poland will still provide basing and infrastructure to support military presence of about 1,000 american troops. the polish government will build these projects at no cost to the united states, the polish government will pay for this we thank the president and the people of poland for their partnership in advancing our common security. poland's burden sharing also extends to the nato alliance it is among eight nato allies including the united states currently meeting the minimum 2% of gdp that's for defense spending and poland's there, and you've been there from a very early day. we appreciate that very much

and we've been there also. there's been a total of eight. eight out of 28. the rest are coming along because nations at my urging have paid more than $100 billion more toward the nato defense last month i was very pleased that poland announced the intent to purchase 32 american made f-35 fighter aircraft like you just saw moments ago we witnessed that impressive flyover of this cutting edge f-35 as it flew over the white house and actually came to a pretty close to a halt over the white house i would say what's wrong with that plane it's not going very fast but it's an incredible thing when you can do that that plane can land dead straight, and it's one of the few in the world that can do that considered to be the greatest fighter jet in the world i applaud president duda for the efforts to strengthen and

modernize poland's defenses. i want to congratulate poland for its progress and meeting u.s. criteria for entry into the visa waiver program. today our country signed a preventing and combatting serious crimes agreement, a significant and necessary step for poland's entry into the program. though we still have some work to do, we hope to welcome poland into the visa waiver program very soon. and that's a very big deal both of our nations understand that immigration security is national security. in our meeting the president and i discussed the vital issue of energy, reliance on a single foreign supplier of energy leaves nations totally vulnerable to coercion and extortion. for this reason we support poland's construction of the baltic pipeline which will help european countries diversify

their energy sources it's desperately needed and that's the way to go during the past year poland has also signed approximately $25 billion worth of new contracts with u.s. firms to buy more than 6 billion cubic meters of u.s. liquefied natural gas. today our nations just signed another contract for an additional 2 billion cubic meters worth approximately $8 billion. so between the planes and the liquefied natural gas and many other things that poland is doing which is doing very well because poland is doing very, very well. we appreciate it thank you very much, mr. president. our countries also signed an agreement to expand u.s./polish civil nuclear cooperation. it will likewise advance poland's energy and security and deepen our bilateral commercial ties economic relations between the

u.s. and poland are thriving we're committed to further expanding commerce based on fairness and reciprocity perhaps my favorite word across many critical areas from defense and diplomacy to energy and economics. the alliance between the united states and poland is reaching extraordinary new heights in 2019 our long standing partnership demonstrates the enormous possibilities for the world when two strong and independent nations yunite incommon purpose and common cause president duda, it's an honor to have you with us, and mrs. duda, thank you very much for havibei here we usher in an exciting new era in u.s./polish alliance it's a special alliance with very special people. we build a future of promise and prosperity for the american and

polish people, and our relationship is an extraordinary one, and it's going to remain that far long, long time thank you very much, mr. president. [ applause ] >> translator: distinguished, mr. president, wonderful first lady of the united states of america, distinguished ministers, all distinguished guests, ladies and gentlemen, first and foremost, together with my wife we would like to thank you very much, mr. president, donald trump, thank you also to the first lady, melania trump for this invitation to washington thank you for the possibility of holding within the last ten months official visit to the united states here at the white house. this clearly demonstrates how close and how good contacts are today between poland and the united states. mr. president, all of us hope that you will visit us in poland

in september and that we will be able together to commemorate the memory of all those two fell and who perished during the second world war which started on the first of september in poland through the attack of nazi germans on our country, and soon, unfortunately, our country vanished from the map of europe after the attack against poland together with nazi germany that's our history it's a difficult one, and today we firmly believe that the true ally of poland but also a true ally of a free europe is precisely the united states of america who helped that very europe in such a huge way to win the second world war and later to establish an independent free world which later turned into

the european union it exists until this day, and thanks god and thanks to the support of the united states thanks to the movement of solidarity, and the great determination of polish nation also we're part of the free world. also poland which liberated itself from behind the iron curtain which later led to the collapse of the iron curtain through the votes of the people casting elections in 1989. in those elections the people said no. also today poland can be an independent sovereign country that wants to build the european community and a country which also wants to build the euro atlantic community in our understanding, this is an absolutely key element of peace and good cooperation across the globe. thank you very much, mr. president. thank you. that for sure you are among those presidents of the united

states who understand how it works perfectly. you understand that when the u.s. looks at europe, when it looks at the security of the european states, it plays a key role for the peace around the globe. it is of key importance for the peaceful development of democratic states and democratic communities. thank you, mr. president, for this extreme kindness toward poland and perfect understanding of polish matters which you showed to us in 2017 during your visit to poland, during your memorable speech that you gave at the monument of the warsaw uprising where important words for polish people fell which are of historic importance to our nation and to europe they showed what poland means and who polls are. mr. president, thank you for entering those words back then and thank you for the policy

being implemented right now which demonstrates you are this kind of man and politician who would not only speak but to whom, first and most important are the deeds. the most important are the deeds and whenever you say, mr. president, make america great again, it means make, not say. and this precisely is of crucial importance hence the agreements that we are sieng. hence to agreements between our states concluded today two memorandums of understanding which we signed just a moment ago. one of them i signed personally concerning the security and military cooperation as you mentioned, sir, there will be more american troops in poland this is going to be an enhanced koorpg it's going to be an enduring presence which hopefully will increase gradually in terms of the troops and but also in terms

of infrastructure which is important. thank you for the decision to establish the division head quarters in poland this is of importance to poland and our part of europe to central europe to the baltic states and all those to whom the enhanced forward presence was established of the united states and other nato states along nato's eastern flarng. i'm grateful for that. thank you for the remaining agreements thank you for this agreement which talks about preventing and combatting syria's crimes. it moves us closer to a visa program between poland and the united states which is so important, of such crucial importance thank you, mr. president, also for excellent energy cooperation that we have in terms of lng supplies we talked about it in warsaw during our meeting that gas from the united states should be

delivered to poland, and it is delivered and we're signing more contracts. and gas tankers from the united states are coming to the ports today and the gas from the united states has become a fact in poland in our part of europe. thank you, mr. president, that there are going to be more supplies i'm happy. to us it means diversification of sources and gas security. to us it means good business just i believe it's good business for the united states of america, but thank you also for the agreement cooperation in terms of nuclear energy used for civil purposes i hope that together we will be able to implement this program with the benefit for environment protection with the benefit for climate protection across the globe and also for the development of the security of my homeland. mr. president, i am deeply grateful for this visit. i'm pleased that we're able to show the very good cooperation

that we have between poland as part of european union and the united states, and i firmly believe that thanks to your incredible view of the european matters and thanks to ur understanding to our polish matters and to the me anders of our history, this cooperation is going to develop better and better first and foremost also with the benefit for the united states whose interests you are representing, mr. president, also understanding the rest of the world. thank you very much for that >> thank you thank you very much. we'll take a few questions emerald? >> reporter: thank you, mr. president. >> thank you >> reporter: earlier in the oval office before you did your meeting with president duda you were critical of germany as you talked about possibly moving troops from germany to poland. do you think that doing a move like that will put pressure on germany to meet their defense

spending requirements? >> no, i don't think so. i just will tell you very strongly that i think germany is making a tremendous mistake by relying so heavily on the pipeline, and i think it's a tremendous mistake for germany, but again, germany is running their affairs, and they'll do just fine. but i was critical i have been critical of it it's a tremendous amount of their energy supplied by that pipeline at the same time having nothing to do with germany, poland said that we would like to build a facility, a great facility and we'd like to have you come to that facility. so we're going to be there with a limited force, but we'll be there, and we appreciate poland doing what they're doing it's a great location. it's a tremendous plant, tremendous facility, and we -- it's our honor to be there poland has been a tremendous friend of ours for a long time, and when melania and i were there not so long ago, it was a

special day. i think it was a special day for poland also, but it was a very special day for our country. i appreciate that, and our relationship is a very strong one. >> if i may, will you indulge me with one more question yesterday you got another letter from kim jong-un and today we hear of the potential thawing of relations between south korea and north korea. now, could you give us an update of more what wasin the letter and is there a third sum knmit n the works? >> rejust wrote -- he wrote me a very nice letter very unexpected. someday you'll be reading about it maybe in 100 years from now. maybe in two weeks who knows? it was a warm, nice letter i appreciated it >> thank you >> reporter: and then if i may for president duda, you said you were thankful for the commitment the president made for more troops today, but you hinted that you would like to see more ultimately what is the number of

troops you'd like to see in poland, u.s. troops? >> translator: this, of course, is always going to be the decision of the united states of america. this is going to be the decision of the united states of america. it's always going to be up to the united states to decide how many troops will be sent to poland to which allied nation. of course, i know that this depends on the needs and on the real situation on the ground of course, we are very pleased the u.s. troops are present by giving an evidence to the sustainability and strength of the alliance and the u.s. soldiers are kindly treated in

poland they're received as friends, and we're happy that they are serving in our country we would like those bonds between poland and the united states to become even tighter and we're trying also to create the best possible conditions for american soldiers. >> reporter: thank you, president trump. thank you, president duda. i have questions to both of you, actually president trump, you plan to enhance our u.s. military presence in poland last year you promised you would enhance our military cooperation, training, intelligence, missile defense, and it's happen right now. people of poland still remember your incredible speech in warsaw why poland is such an important ally for you >> i have a very warm feeling for poland i always have, and it's now even

beyond that because of the relationship which we've developed with your president and first lady and it's just they're incredible people hard working, smart. very industrious people, and what they've done with the country over the last five years has been something that the world has watched and the world has marvelled at i'd just like poland so when the president came and asked me whether or not we'd consider this, i said i will consider it, and now because of his leadership, we're able to do that, and that's fine with me. that's great great people, and say hello. >> reporter: so i understand we will see you in september in warsaw correct? >> we are looking seriously at going back to poland, and i don't know what the president has in store for us, but we're thinking about going back sometime in september, yes >> reporter: thank you very much >> translator: question to president due a, mr. president, so far we have been talking

about rotational presence of u.s. troops in our ountry. right now we're talking about permanent or enduring presence what does that mean in concrete terms and when can we expect those additional u.s. troops to arrive >> translator: i understand it in the following way president trump and myself are implementing a calm but consistent policy in terms of security the presence of the united states in poland, the military presence, the presence of u.s. troops which today is about 4,500 troops present on a permanent basis. in other words it's at rotational presence, but it is back to back presence. so there is no moment where there are no american troops in the poland today we signed a document on further cooperation, a joint declaration on defense cooperation regarding the united states' force posture in poland.

so far we can say that the americans were testing the situation in poland, how it looks, how it feels. and implement the tasks of defensive nature i think that the commanders of u.s. army are convinced that it's possible and today the document speaks about this enduring presence. the presence which is a fact and will stay there. the rotational presence is beneficial from today's perspective to train soldiers but having rotational presence more soldiers can come and look at the culture and condition in a given country. this is beneficial for this broadly understood development of the armed forces. therefore, this is an enduring presence, however, it is implementing this particular way, and we hope it's going to develop 1,000 troops mentioned

by president trump today which is also the number stipulated in the agreement signed today it's differentiated it's not one single unit we're talking about special operation forces we're talking about logistics component. we're also talking about the already mentioned division head quarters so there is a multitude of forums in which the united states is going to be gradually ever more present in our territory from the military standpoint and this will encompass different fields of cooperation. we're not talking about just one single beat. we're talking about a more comprehensive cooperation. health protection and a number of other elements happening. please remember that right now there is this missile defense facility being built, so talking about the elements of polish american cooperation, there are more of these elements and the number is growing. i'm very happy with that thank you very much. >> let's see who do i like?

nobody that's the end go ahead yeah >> reporter: mr. president, thank you -- >> i wasn't pointing to you, but you can go ahead thank you. i was actually pointing to my friend with that beautiful hat on, but that's okay. >> reporter: all right well, i'll give it my followup question >> we can share it >> okay. >> reporter: mr. president, you seem to suggest yesterday that you were essentially committing to not spying on north korea is that what you meant were those comments interpreted accurately >> that's not what i meant it's what i said, and i think it's different than maybe your interpretation i think we're going to do very well with north korea over a period of time i'm in no rush the sanctions are on we got our hostages back our remains are coming back. you saw the beautiful ceremony in hawaii with mike pence. we're getting the remains back there's been no nuclear testing

whatsoever they'd like to do something. i did get very -- as i said yesterday, a very nice letter from chairman kim, and i think we're doing very well. when i took over as president, i will tell you it looked like it was going to be war with north korea. you know that. everybody knows that and it was going to be quite brutal strong force we're the strongest force in the world, but that's a strong force. and we started off in a very rough relationship i think we have a very good relationship right now so we'll see what happens. i'm in no rush but there's been no nuclear testing whatsoever, and when i took over, it was nuclear testing all the time and if you look back to the last four or five, or six years but really go back further than that, in all fairness to president obama, go back 20 years, 15 years, it was really a very dangerous situation i consider it to be different now. now, i may change. i might change you'll know it quickly

i will be very quick to tell you exactly what's going on. i may change, but right now we have a good relationship, and i think probably better than we've had for maybe 25 years maybe forever. you know, they've been there a long time. the grandfather, the father, the son, and they've been there far long time, and nobody has done anything except me and so we'll see how it all turns out. i hope it turns out well for you and for everybody. >> reporter: and i'll give my followup to jeff quickly, president duda, thank you. do you see russia as an ally or adversary? >> are you talking to me >> president duda. >> boy, was that a setup question >> translator: i would very much like russia to be a friend of poland, because it is our great neighbor it is a country much bigger than poland with a bigger potential than poland in every respect

i believe we have more courage in us that we are more brave, more courageous and are able to fight until the end irrespective of everything. this is what we demonstrated in the warsaw uprising and many other demonstrated that in many other places around the globe where polish soldiers died to make sure poland is free after the second world war this, unfortunately, didn't happen without ourselves under the russian occupation even then, for almost 20 years there was this anti-communist, anti-soviet group that fought. we would call them unbreakable soldiers we commemorate their memory, although they were put underground to make it impossible for anyone to find their remains. so we always knew how to defend ourselves. nervous, history is brutal toward us. we never had a great relationship with russia russia was always looking out to

take our territory poland did not exist because part of the territory was taken by russia. poles were deported to the east, then came an aggression on the recently reborn poland, which rose in 1918 from the ashes of the first world war. in 1919, russia attacked poland, wanted to grab poland's territory and bring communism to the west of europe it was stopped by the bravery of polish soldiers. we defeated them and chased them back to the east then they took their revenge on us in 1939 by attacking us together with nazi germany and murdering our officers so as you can see, this friendship is a very difficult one. today we are in the following situation. russia attacked georgia. then in 2014, it attacked ukraine. and these are facts. these are facts which belong to

the recent history we would like russia to be our friend, but unfortunately, russia again is showing its very unkind, unpleasant imperial face and would not want to be part of russia's influence i'm happy today we can speak boldly that we truly are, first and foremost, in terms of politics part of the west. because we have always been part of the west in terms of culture. we've always been part of the west because it is from the west from which we adopted christianity in 966, more than 1,000 years ago. since that time, we have been part of the west of europe we have been part of the great christian culture of europe. but we have to stick to this west, also in terms of politics. this is what we want i firmly believe this is the biggest desire of polish people, to be part of the west, also in terms of politics. thank you that the united states is supporting us in this respect.

>> just to finish, i hope that poland is going to have a great relationship with russia i think it's possible. i really do. i think because of what you've done and the strength and maybe we help also because of what we're doing and doing for poland i hope poland is going to have a great relationship with russia i hope we're going to have a great relationship with russia and by the way, china and many other countries. and we look forward to doing things on north korea, just to go back to the original part of your question. we'll see how that works out i do want to say, though, we're in no hurry. the sanctions are on china has actually been helping us quite a bit and despite our trade differences right now, we thought we had a deal and unfortunately they decided they were going to change the deal and they can't do that with me but something is going to happen i think it's going to be something very positive. but we think we're going to get a along with a lot of countries that frankly did not respect us very much because they were ripping us off for many, many years. and they're not ripping us off

anymore. jeff >> thank you, sir. regarding china, what is your deadline if you have one for china to make progress on trade before you impose the tariffs on the other $325 billion in goods? >> well, we're going to be meeting, president xi and myself you know we have a very good relationship but again, he's for china and i'm for the u.s. a big difference we thought we had a deal we didn't have a deal. i would never make something that would be less than what we already had. we had china opened up to trade. that's a big thing they've never done that before we had intellectual property theft taken care of and taken care of beautifully. and all of a sudden, those things started to disappear at the end after they were fully negotiated, but that's their decision i think if they had it to do again, and in light of the fact we have 25% on $250 billion of goods coming into the united states, and unlike a lot of countries, they subsidize those goods. we haven't had inflation they keep saying that the

american taxpayer is paying for it no, no very little. and what it really does mean is that a lot of those companies that are in china are going to be moving back to the u.s. you have car companies general motors is an example that built plants in china that doesn't work out too well when you have the tariff wall up because now they're going to have to get through that and they can't really get through that maybe they'll start building plants in the united states instead. i think we'll end up making a deal with china. we have a very good relationship although, it's a little testy right now, as you would expect i think they really have to make a deal a lot of companies are leaving china, as you know it's in all the reports. they're going to vietnam and various other places, and they're also coming to the united states to make their product because they don't want to pay the tariff. and there isno tariff if you d it in the united states. people don't realize that. you know, they say the tariff, but there is no tariff if you don't do it. if you just do exactly as they say, you bring your company back to the united states as far as mexico is concerned,

which was a very big topic yesterday and now people are finding out that the reports that were written were totally false. we would never have had a deal with mexico without imposing tariffs. once the tariffs were imposed -- and they've been trying to make this deal with mexico 20 years, 25 years the older reporters, those great reporters with the very gray hair in the back, you know who i'm talking about, they know exactly what i'm talking about you would have never made the deal with mexico we have a great deal with mexico i actually think we have a much better relationship right now with mexico because they respect us again but you would never have had that deal if i didn't impose the tariffs. those tariffs were ready to go on monday morning. and we made the deal on essentially sunday night and that extra little page of the deal that you saw that brilliantly -- i gained such respect for you people when i held it up through the sunlight and it was closed and you were able to read it through the sunlight, that was not

anticipated. regardless, you knew enough of what it said and i didn't do it on purpose. but we have a lot of strength in 45 days if we decide to use that strength maybe we will and maybe we won't. there's a lot of power right now on the border. i will say this, mexico is right now doing more for the united states on illegal immigration and all of the problems of crime and other problems on the border than the democrats we can solve our problem on the border in 15 minutes if the democrats would sit down, straighten out asylum, which is a total mess but very uncomplicated, straighten out asylum and get rid of the loopholes. it would take, jeff, 15 minutes. okay thank you. >> my original question, sir, was do you have a deadline for imposing -- >> no, no deadline my deadline is what's up here. we'll figure out the deadline. >> okay. >> nobody can quite figure it out. >> and president dudaf i cou, ii

could throw one your way as well you said democracy in poland is strong not all of your european union counterparts agree with that how is forcing supreme court justices to retire early consistent with democratic principles and president trump, is that something that you support >> no. >> translator: ladies and gentlemen, this is a very complex issue, and it's hard to answer this question because a lot of people in western europe, i think also in the u.s., did not fully understand this problem because they have not grown up in a country such as mine i was born in 1972 in poland which was in the russian sphere of influence in which a career could be made only actually when somebody enrolled as member of the communist party and who followed this people's power who was the supreme authority. this is what was happening for many years although, as you know, ladies

and gentlemen, a solidarity movement grew. people were imprisoned people were tortured people were killed during the marshall law and after as well, be it openly or in a secret way. and this was the reality of poland until 1999. now imagine, ladies and gentlemen, that not so long ago, a few years ago, i was surprised to discover that in the polish supreme court, there's a whole group of justices who were issuing sentences as judges, members of the communist party, before 1990 who were even passing sentences during the marshall law, sentencing people to prison based on the law of the communist marshatial law if it is supposed to be the country it wanted to be for our children, for the generation who was born after in 1989, then for god's sake, those people have to leave. they have to retire. and this is what we did.

as a matter of fact, everything we were doing was aimed at retiring those people, but as you can see, unfortunately, although 30 years have passed, they have got influence. the influence which they were building after 1989 where they assumed a new identity of an elite of a new state so this influence is still strong this is what i can say let me assure you that freedom of speech is absolutely respected in poland poland respects all constitutional standards, just as in the united states, the right to assemble. there is free media in poland. there's everything functioning in a normal democracy. one can announce what they think. one can demonstrate. one can say what they think in poland people are not attacked in demonstrations in poland police do not use tear gas against people people can speak their mind. they can express that they're notpleased with something. this is their right in democracy. please ask polish journalists, when was