pneumonia diagnosis. few people on her campaign staff knew about it, which made it more difficult for them to react after she became ill at that 9/11 ceremony. the campaign has been trying to walk a fine line about feeding conspiracy theories about her health but sharing critical information with voters that they would surely understand. she explained her decision like this to anderson cooper last night. >> well, i just didn't think it was going to be that big a deal. you know, compare everything you know about me with my opponent. i think it's time he met the same level of disclosure that i have for years. >> reporter: now, former president bill clinton, who's filling in for her on the campaign trail today at fundraisers in california, said this has happened before. he sat down with charlie rose. >> rarely, but on more than one occasion over the last many, many years, the same sort of things happen to her, when she just got severely dehydrated. >> reporter: and she did acknowledge that as well.

she said it has happened occasionally, and she can try to usually avoid it. but the clinton campaign is out this morning with a new television ad. they're hoping to go back on the offense against trump and try to turn the page here. the ad shows how trump has insulted and demeaned the american people, trying to move beyond that controversial deplorable comment over the weekend here. that is the clinton campaign's goal. she remains off the campaign trail again today. she'll be back tomorrow or maybe thursday. meantime, both she and trump have promised more medical records. chris? >> all right, jeff. thank you very much. no question that there are real questions about this clinton illness, but there are even bigger issues about how the campaign handles transparency. anderson cooper asked those questions. take a listen. >> there's a lot of folks who are very worried about you. how are you feeling? >> oh, thank you, anderson. i'm feeling so much better. obviously i should have gotten some rest sooner. i probably would have been better off if i'd just pulled

down my schedule on friday, but like a lot of people, i just thought i could keep going forward and power through it, and obviously that didn't work out so well. >> a lot of people have seen the video of you being helped into the van. did you actually faint? did you pass out or lose consciousness? >> no, i didn't. i felt dizzy, and i did lose my balance for a minute, but once i got in, once i could sit down, once i could cool off, once i had some water, i immediately started feeling better. >> a lot has been made over the course of the last week or so about the cough you've been struggling with. you blamed it on allergies, joked at one point you were allergic to donald trump. was that pneumonia related and not allergy related? >> well, it sure seemed like it was an allergy. i've had seasonal allergies off and on. it does come with a cough. i've got lots of examples of in the spring and in the fall

getting a bit of a coughing fit. then it dissipates. what happened this time, though, was it didn't dissipate. that's why when i got off the road on friday, i did go to see my doctor. that's when i was diagnosed with pneumonia. the funniest thing that happened to me on sunday, wasn't a funny day after all, but this was kind of humorous. i got to the memorial. i saw my friend and former colleague chuck schumer. the first thing he says to me is i've had pneumonia and i've been resting for five days. i looked at him and said, you know that's so funny, i've just been told i have pneumonia. so apparently there's something to this that's going around. i've since been contacted by, you know, a number of people who have told me they have had it, they've gotten over it. >> let me ask you about that. david axelrod was verng your di

with the public. he tweeted, antibiotics can take care of pneumonia, what's the cure for an unhealthy pension that created unnecessary problems? why not just say on friday, as you said to apparently senator schumer on sunday, you know, i have pneumonia, folks, i'm going to power through it. why keep it a secret? >> well, i just didn't think it was going to be that big a deal. you know, i know chuck said today he didn't tell anybody. it's just the kind of thing that if it happens to you, and you're a busy, active person, you keep moving forward. >> but doesn't your handling of this in your campaign -- you know, the refusal to acknowledge what happened until after that video circulated, confirmed suspicion of some voters that you're not transparent or trustworthy. >> oh, my goodness, anderson. you know, compare everything you know about me with my opponent. i think it's time he met the same level of disclosure that i have for years. you know, you've got a medical

report on me that meets the same standard as mitt romney and barack obama. donald trump's doctor said he'd be the healthiest president in history. that's just not even serious. and i've released nearly 40 years of tax returns. he hasn't released one. this is a man with unknown numbers of partners and investors who says he's doing 120 foreign deals. the american people deserve to know what he's up to and what he is hiding. >> so if we weren't fast enough, you know, i've talked to my staff, we take responsibility for that, but the information is out there. you can't say the same thing about donald trump. >> brian fallon from your campaign said your campaign is going to release more of your records. as you know, probably, donald trump has said he's had a physical, i believe on friday, and he's going to release that soon. will you be releasing more details about your medical history, and do you know, you know, how detailed it's going to be, how far it's going to go

back? is it going to be more about what happened in 2012 when you fell and hit your head? do you know how far it'll go? >> well, we're going to be releasing more information, and i think it's fair to say we've already met the standard of disclosure of past presidential candidates like mitt romney and president obama. we'll have more information, but i've already released information about my health in this campaign as well as nearly 40 years of tax returns. we've already met a high standard of transparency. we know the least about donald trump of any candidate in recent american history. know virtually nothing about his business entanglements, his foreign investors. it's really past time for him to be held to the same standard not just as me but of everybody else who has sought this job. >> okay. so we're going to be talking a

lot about transparency this morning. donald trump has released four paragraphs on his medical records. she's released two pages. is this enough? what do voters -- >> well, they didn't come from trump. they came from the doctor. >> that's right. who said he's in astonishing health. we'll get to all of that. donald trump, meanwhile, taking it easy on clinton's health, but he is pouncing on her basket of deplorables comment, saying she has contempt for voters. mike pence refuses to call david duke deplorable. sunlen serfaty is live. >> reporter: the trump campaign trying to keep the spotlight focused squarely on hillary clinton's gaffe. trump elevating this really one step farther last night at his rally. he called up a group of supporters on the stage to give testimonials as it why they think they are not deplorable. here's trump last night. >> after months of hiding from the press, hillary clinton came out and finally told the world how she feels about the people of this country.

she said tens of millions of patriotic americans are a basket of deplorables. how can you be president -- how can you be president for so many people? she talks about people like they're objects, not human beings. >> now, the trump campaign tries to go on the offensive on this. his running mate mike pence is really causing them to have to play some defense. pence getting a little heat for his interview yesterday on cnn when he was asked about some of the support their campaign has attracted from white nationalists, including from david duke, a former kkk leader. well, pence disavowed david duke's support, but he refused to call him deplorable. here's what he told wolf blitzer. >> i'm not really sure why the media keeps dropping david duke's name. donald trump has denounced david duke repeatedly. we don't want his support, and we don't want the support of people like him. >> so you would call him a deplorable? >> i'm not in the name calling

business, wolf. you know me better. >> reporter: and the clinton campaign has pounced only that, tweeting out, quote, if you won't say the kkk is deplorable, you have no business running this country. so the clinton campaign there, alisyn and chris, clearly sensing some small opening. >> okay. thanks so much for all of that. let's discuss it with our panel. we have cnn's senior political analyst and senior editor for "the atlantic, ron brownstein. great to have all of you here. ron, what do voters have the right to know? do they have the right to know if one of the candidates is suffering from pneumonia? >> i think they have the right to know more than they know. it's extraordinary decision by hillary clinton to decide on friday after diagnosis of pneumonia that, that did not meet the standard of something the public should know. as always, on many fronts in this campaign, her best comparison is with donald trump, who's provided us with less

information both about his health and more egregiously about his taxes than any presidential candidate ever before. we have two of the oldest candidates that have ever run for president. there should be more rather than less disclosure. john mccain bent over backwards to provide medical records in 2008. i think there's going to be unquestionable pressure for them to give us more than they have so far, but it won't be as much as many are hoping. >> excuse is the system. there are no rules that compel anything more than they want to do. we can pressure them to do. i hope the american people are realizing when they say they want to know more, that's what empowers the media. there's this fiction right now that somehow the media has its own independent power. we're only as good as what the people want. in your reporting, what have you encountered in terms of trying to get disclosure onfoundation. the pushback to her point is nobody's been more transparent than me. yeah, but you have to be investigated for the transparency to come out.

now with trump, what's been your experience? >> they're trying to focus so much on how donald trump isn't putting out information rather than hitting a standard that other previous presidents and presidential candidates have met. one of the big debates that they've had in the campaign is whether to put her doctor on the phone with reporters, whether to put out all of the sort of medical records, the pages that, you know, john mccain, john kerry, al gore, george w. bush put out and sort of create, give voters a sense of the physical health of the candidate. what they're coming back against, i think, is her desire for privacy, for putting out as little information as possible, you know, which has been a pattern of secretary clinton's going back to the '90s. >> zeleny reported that her own staff, some of them didn't know she had pneumonia. >> didn't know. we did a look this morning, going back and looking at the

decision making. she found out friday morning she had this diagnosis of pneumonia and decided to keep the information to a really tight circle of family members, closest aides, people who for years and decades in some cases have kind of reinforced her instinct for privacy, for hunkering down because of the belief that information can so easily be manipulated by conspiracy theorists, people who have always been against her. >> this is also just her personality. she doesn't overshare. she doesn't share situation other people would. she said in that interview with anderson, i thought i would just muscle through it. that's sort of a metaphor for how she's handled a lot of things in life. >> it wasn't a big deal to have another device when she had her e-mails. it wasn't a big deal not to tell people she had pneumonia until they get caught, until there becomes a compelling reason for these things to be out there. that's why there's this trust deficit with hillary clinton. this whole incident, all the health concerns aside, just made

people remember that again, why they might not be able to trust hillary clinton. >> let's switch over to trump here. do we have the sound of trump talking about what clinton said about voters? >> i think we do. let's play that. >> i ask you because you know. >> she called these americans every name in the book. racist, sexist, xenophobic, islamophobic. she said they were not even american. right. anybody xenophobic? i don't think so. i don't think so. never in history has a major party presidential candidate so viciously demonized the american voter. >> ron, except for him. what is going on here? >> sometimes it's just like something screams out bs alert. >> this is where donald trump kind of challenges conventional journalism. when you say something that is

just simply that separated from the fact, this is a candidate who came down the escalator and talked about undocumented immigrants as rapists, who said that a u.s.-born federal judge could not do his job precisely because of his ethnic heritage. it is extraordinary for him to be saying that, you know, she's the unique lly demonizing large group of americans. >> xenophobic is fear of outsiders. >> in polling, there is no question that the donald trump coalition is much more hostile to the impact -- he's a much more negative impact of immigrants. always a mistake for a candidate to attack the motivations of people. there are lots of reasons why people are not voting for hillary clinton. it's wrong to simply attribute it to kind of, you know, bad motives. but it is noteworthy that for this modern democratic coalition, diversity, tolerance, inclusion are core values.

in this dispute, she is portraying herself as someone who will stand up for that. in the same way this motivates the trump coalition, i think it also motivates the clinton coalition. >> this is also the place we're hoping to get the trump/pence ticket into, which was not focus on the half the voters but on the deplorables so they have to end up defending or look like they're defending people like david duke. this was sort of the idea of like, okay, donald trump, mike pence stand up for the voters who are supporting you, defend what they say, what they do. >> the problem is that the democratic party and hillary clinton want to cast a big tent for all of them, except republicans, who she says are deplorables. here's my question. was that intentional, or did she misspeak? there's a big debate about whether that is the message that she's trying to send out to everyone. we don't even want them. we don't like them. or was that just she just went overboard. >> it seems like she doesn't

want people to feel like they're associated with the deplorables. she doesn't want people to want to be part of that club. i would isagree thatshe doesn't want republicans. they've actually tried to recruit, particularly establishment republicans, who have been raging against trump this entire time. >> my point is, is that the way to do it? call half of donald trump's supporters -- >> no, because this could affect the blue-collar voters that her husband and joe biden have been working so hard to recruit. in places like pennsylvania, ohio, in the rust belt. if they hear this out of context, they could be listening to trump and thinking he's telling the truth. >> as jackie noted, the flipside is in reality, their surer path to victory is through those white-collar suburbs. i think she went too far and phrased it in a way that's unnecessarily polarizing and offensive to voters. i think as jackie was suggesting, they want those voters to question whether this is a pool you really want top

jump in. is this where you see yourself cultur culturally, or do you feel alienated from it. as you know in polling, today she's ahead among college educated white voters, which no democratic presidential candidate has ever won in the history of polling. >> we also know the answer to your question is, yes, it was intentional, because she had said this before about the nature and character of some of his supporters. the 50% was new. that was the mistake. she overreached. >> panel, stick around. thank you very much. so bill clinton and mike pence coming to their candidate's defense. but how effective are they, and how could they help with transparency issues? a closer look on "new day." ng] ♪ ♪ ♪ the highly advanced audi a4.

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so go, know, and take control of your health. doctor poses. learn your key health numbers, and take control today. bill clinton talking about his wife's health to pbs' charlie rose last night. he was revealing that she has suffered from severe dehydration in the past. hillary clinton also called into cnn last night to describe these past health scares. here's a listen. >> rarely, but on many occasions, over the last many,

many years, she's gotten severely dehydrated. >> how often has this happened? >> i think really only twice that i can recall. you know, it is something that has occurred a few times over the course of my life. i'm aware of it. usually can avoid it. >> let's bring back our panel. ron brownstein, jackie kucinich. ron, her health is only a cursory aspect, a surface aspect of what we're really talking about hear. this is transparency. this is what this campaign decides to say and under what pressure, and similarly what trump ignores and throws back on the media as an unreasonable request. isn't that fair? >> that's paradox of this campaign. if we could measure the words written about this campaign, probably like 10,000 to 1. yet, we don't have so much of the basic information we've had on previous presidential

candidates. i agree. you can look at this episode as a microcosm of the way clinton often deals with difficult choices. the first instinct is to hold information tightly around a narrow circle of advisers, even within the campaign, and only disclose what they have to disclose. whether that would work -- you would have to think about the question of not only what it means for the campaign but what it means for governing. similarly with trump and the lack of transparency and disclosure from him, if either of them win, would these be the attitudes they carry into the presidency. >> so is bill clinton the antidote to that? he's said she's been severely dehydrated before. >> it's a little strange. in the 1990s, we knew a lot about bill clinton's health back then. he was a guy you could ask questions and he would overshare and sometimes be a little bit too much. but he was in his mid-40s, i think, when he was putting all this information out. hillary clinton has been working

such a grueling schedule, such a hard worker in terms of her campaign schedule. the decision at least right now not to put out more information than you need to, you know, to sort of cut that bare minimum, i just think it sort of reinforces or plays into these questions about, okay, how straight forward are you, how honest are you, especially if we have these questions. >> and they're right in that donald trump should release more of his medical records. >> he says he's going to this week. >> not his taxes. his medical records. >> this week both campaigns say we're going to get more information. >> but he had a chance to do it and he blew it with that silly doctor letter that was, you know, basically a slap in the face of the request of information. that's what it was. yeah, i'll give yo a doctor's letter that didn't meet anybody's criteria. >> that he wrote in five minutes, we found out later. >> under pressure. >> we know it's not enough for us. you can only ask for the taxes so many times until voters decide, oh, yeah, this does

matter to me. we want to know. that's what they respond to. >> until you faint in public. hillary clinton probably wouldn't have had to release any more medical records. she could have been saying look at donald trump and using that as her defense. because she fainted or fell or whatever happened there. >> okay. speaking of transparency, obviously there are lots of questions about the clinton foundation and how it does business. hillary clinton was asked about this and particularly the accusations of the pay for access. listen to his response. >> if you think about nobody should ever call somebody they know and say, well, so and so would like a meeting, that fits the way the national government works. i can say that to the best of my knowledge, i know for a fact only from the people i read in the paper that the people they accuse d or implied gave money o the foundation just so they could have some in with hillary did not do that. that was simply not true. >> what do you think of that

response? >> after all we've talked about this coverage, it's impossible voter turnout could be lower than in 2012. part of the reason is each of them have had so many flaws exposed. i don't think that's a satisfactory answer on the clinton foundation and its relationship to the state department while hillary clinton was secretary of state. on the other hand, as "the washington post" has been reporting, the problems with the trump foundation are enormous, including a gift to a state attorney general in florida at a time when she was investigating trump university. it's hard to imagine more pay for play accusation than that. and they paid a penalty. you have two candidates about whom many voters have doubts. and that is -- i think it's likely on election day that a ma majority of voters already say they have an unfavorable opinion of each candidate. >> it also winds up being a tactical decision. does trump gain advantage by going after hillary clinton for using the word deplorable and overreaching in an insulting way, which is like a signature

issue of him. similarly on the foundation, let's listen to mike pence, obviously trump's running mate, defending the trump foundation from these "washington post" allegations. >> anyone who knows about donald trump and his career knows that this is a man who's given away tens of millions of dollars to charitable causes. there simply is no question. you can talk to charities all across the country who have benefitted by the generosity of the trump family. i'm very, very proud of their charitable record. >> here's the problem. at a minimum, according to what we know, that is a gross exaggeration. we don't know tens of millions. so now you get into, well, is this just a relative assessment, or do you think "the washington post" is angling to blow up this foundation altogether and say he actually doesn't give money, it's even else's money that comes in under a foundation with his name on it. >> this is really a stretch. donald trump gave about $2 million or so in the 2 0 --

2000s to his foundation. he's used other people's money and steered it to charities, which you would think would open up huge questions about what donald trump was sort of either doing for that money or what he may owe to those people or whether he has any kind of moral claim, which is a part of what f philanthropy is supposed to be. i made a commitment to these charities, i wanted to try to sort of do good work, and the clinton foundation has done incredible work overseas with fighting a.i.d.s. >> is that the clintons' own money? >> no, it's not. >> they do have a family foundation. >> but they've also never claimed that they personally give away a lot of money. i've met a lot of people in and around new york, power brokers, who say trump gives them money. the point is this. he doesn't release his taxes, he doesn't release the information that would validate his own claims. this is on him.

>> let's talk about mike pence refusing to call david duke a deplorable. are we just mincing words, or is this a big deal? he said, i'm not in the business of name calling. he says, we've disavowed him, we don't like david duke, but i'm not going to call him an insult. >> it seems like they want hik to own the word deplorable. but this looks bad. of course david duke is deplorable. he used to be the grand wizard of the kkk. they want that word to be only associated with hillary clinton. they don't want top own it. >> i think mike pence is under no obligation to use that word. i think he's getting too much of a bad rap for his response. they said they repudiated him. my don't think he has to use the hillary clinton word to prove he doesn't like david duke. >> panel, thank you very much. great to have all of you here. there were tense moments during a live broad kacast of "dancing with the stars." ryan lochte's debut making

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time now for the five things

to know for your new day. number one, hillary clinton in a cnn exclusive saying she did not think her pneumonia diagnosis would be, quote, that big a deal. also deflecting questions about her own transparency by pointing to donald trump's refusal to release tax returns. donald trump in a role reversal, calling for clinton to apologize over her basket of deplorables remark. investigators say a faulty air conditioner power cord sparksed a fire that killed three adults and six children inside a memphis home. fire officials say the victims had trouble escaping because the house had a security door and bars on the windows. the ncaa moving seven championship events out of north carolina because of a controversial state law that takes away discrimination protections for lgbt people. the events include the first two rounds of the 2017 men's basketball tournament. okay. so you can watch now as security

guards tackle two men who rushed the stage, right there, as ryan lochte was making his premiere on abc's "dancing with the stars." the suspects called him a liar. both wore anti-lochte shirts. police arrested them. the duo were apparently enraged that the athlete embellished his story about he and other swimmers being robbed at gunpoint in rio. for more on the five things to know, go to newdaycnn.com. >> lochte didn't say anything about them running up to him and holding him at gunpoint or anything? >> no. >> good move. okay. so we've been covering a lot of what's been going on in the campaign surrounding health and foundations. don't get caught up in the hype and the name calling. this is about transparency in this campaign. hillary clinton and donald trump are both battling transparency issues. you as voters have never had

less information given to you by campaigns. we're going to give you some perspective on what i just said next. [ clock ticking ]

time. you only have so much. that's why we want to make sure you won't have to wait on hold. and you won't have to guess when we'll turn up. because after all we should fit into your life. not the other way around.

oh, my goodness, anderson. you know, compare everything you know about me with my opponent. i think it's time he met the same level of disclosure that i have for years. >> that was hillary clinton defending herself against criticism that her campaign lacks transparency. of course, the lack of transparency is not just focused on her, it's focused on trump. is the 2016 race the least transparent ever? let's bring in brian stelter, our senior media correspondent and host of "reliable sources." gentlemen, great to have you here. >> thanks. >> brian, i want to start with you. there's something so paradoxical about this race. in this culture of exhibitionism that we're in right now, the kardashian selfie, nude selfie moment, yet the least

transparent candidates ever. what's going on? >> when we say transparency, what we mean is how much do we know about these candidates? it can feel like we know too much. yet, when it comes to these key issues like health and taxes, there's a lot we don't know. i think your point about selfies is crucial. compared to 20 or 30 or 40 years ago, we're in a much more open society. we're in a tmi, too much information, society. that's why there's a higher expectation on our politicians as well. >> frank, how do you see it? >> i see it very much the same way, but i also see a very interesting thing here, you know. it's very paradoxical. hillary clinton is reluctant to share all this information, very secretive because she spent her entire life in public eye and has been taken apart and thinks there's this vast anti-clinton conspiracy. she's not wrong about that. donald trump doesn't want to share information because he spent no time in public life, and he's owned his own information, tried to be his own pr guy, his own pitch guy. so for different reasons, they are in this world as they are. but brian is right. we are in this kind of bizarre

place where everything ricochets around. everything becomes a conspiracy theory. and social media blows everything up in realtime. >> so we have to be more critical thinkers than ever before. there's these crazy ideas all over the web. they boil up on our facebook and twitter feeds. even ideas about clinton having a body double. this stuff is preposterous, yet it's on us as news consumers not to buy into that hype. i would say think about sunday morning. hillary clinton leaves the 9/11 event. she could have livestreamed herself at hillary clinton's home. she could have taken pictures and posted them of her watching football. she called in to anderson cooper's show to show she's alive and well. there's even more both campaigning could be doing. in the case of clinton, she could used social media tools to share more about herself. >> the more she shares, the more it gets batted around. it's a double-edge towasword.

>> almost a no-win situation. >> you share the information, then you lose control. you have a cough, and now you say every cough is an aler elea. if you don't share information, you speed the conspiracy theories. that's why candidates have always tried to husband their information, tried to control it. >> but donald trump, of course, likes the spotlight. he likes being featured in the spotlight. >> well, there's this representation, this impression of donald trump giving hundreds of interviews, which is true over the course of the year, but this summer and into the fall now, he's been a lot more withholding. mostly going on fox news, going to friendly outlets. he hasn't been doing as much press. maybe that's because he doesn't want to be asked again and again, where are your tax returns? i think this is a proud moment for the press. we're really acting as a check and balance on the executive branch by demanding more information from both these candidates. >> we're trying to do that. not necessarily complying, frank. >> they're not complying at all. if you think back to previous campaigns, which i've covered and you've covered and we've watched in so many different

ways, this is typically the time when you have most access to a candidate. they need the coverage. they want to put their story out. they need to appear approachable and accountable. this cycle, however, they're more buttoned down than we've ever seen. why hillary clinton gave no news conferences, sat for no interviews, appeared to be called off for so long, is anybody's guess. i think it will prove to be a mistake. donald trump is, you know, appears to be kind of winging it when he wings it, although he's doing a lot less of that now. but the actual spontaneous interaction that the candidates have through the media, with the public, is very, very minimal right now. that's why the debates are going to be so important. >> at the end of the day, i can hear clinton supporters screaming at the tv right now saying we're holding her to a higher standard. there is this issue of coverage of this coming across as hostile. i think we have to be sensitive to that, even though we're doing the right thing by calling for more information from all these candidates. >> i think there is one thing.

there's an issue of proportionality here. it's important for us to put our brains around. hillary clinton was not forthcoming with her pneumonia. what we don't know about donald trump, though, is much bigger, much broader, and much more important. how much money came from the russians into his business? who actually was funding his foundation? how much money has he really given away? what is behind all of his bankruptcies? these go way beyond pneumonia. by the way, as far as health is concerned, he's 70, she's 6. fair fair. >> brian, frank, thank you very much. what's your take out there? tweet us @newday or post your comment on facebook.com/newday. chris? >> transparency matters. words matter. saying 50% of trump supporters are deplorable was wrong. how about trump attacking the federal reserve and alleging economic indicators are made up. is there any proof of what he is saying? next.

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and still haveealthy, gum disease. use gum® brand for healthy gums. soft-picks®. proxabrush® cleaners. flossers and dental floss. gum® brand. donald trump criticizing federal reserve chair janet yellen for keeping interest rates low, claiming she's doing it for political reasons.

take a listen. >> she's keeping them artificially low to get obama retired. i think she's very political, and to a certain extent, i think she should be ashamed of herself. >> fact check. in the past he's said great things about janet yellen and has said low rates are the a good thing and if they raise them, it would be a disaster. so let's make some sense of all this with cnn money now business chief correspondent christine romans and cnn global economic analyst and assistant managing editor for "time." okay. this is a little different than what we're used to with the hyperbole of trump. when you mess with the markets and you undermine confidence in the economy, that could be a big problem. however, let's argue whether or not he's doing that. your take. trump is saying what a lot of people believe. it's rigged. they're all in on it in washington. the rates are low. the unemployment is really 40%, not 4%. they're trying to get over on us, and he's a truth teller.

what do you say? >> wrong. i would say that the fed is one of the least political institutions in washington right now. you know, fed governors have long terms. the whole system is set up to make it less political. the only reason that some people say that the fed has kept rates low, that's a political move, is that they're the only people that have been able to do anything over the last eight years to goose the economy because of congressional gridlock. if republicans and democrats had been able to agree and we'd got an bigger fiscal stimulus plan through, rates probably wouldn't be so low at this point. but the fed is watching the economy. they're not seeing a lot of inflation. they're seeing kind of sideways growth. it's still about 2%. there's a lot of reasons to keep rates low still. >> and they did just raise rates. there's speculation about what they'll do going forward. all right. maybe you get that point. but how about this, the unemployment rate. it's not 4%. how about all the number who have left the work force? how about the people if lousy jobs. that rate is actually 40%, trump

says he's heard. >> he's heard people say it's 40%. it's not 40%. he's also said it's depression era unemployment. it's not. the unemployment rate is 4.9%. the unemployment rate measures people who have a job or are looking for a job. what he's talking about are all the people who aren't looking. there are a lot of reasons, chris, why people aren't looking. 10,000 baby boomers a day hit 65 years old. some of them are not looking because they're retired. my grandma is not looking for a job because he's 88. some people are home taking care of their kids because childcare costs as much as college. so there are a lot of policy driven things we can do to address the people who have been left behind by the labor market, but president unemployment rate is not 40%. >> so why do you economist types get in high dujen over this? this isn't just political talk. this is what he does on a range of issues. why does it matter more when he does it about the economy? >> well, interest rates matter hugely. this is what you pay on your house, on your car. also, confidence in the economy. when he comes in and says the fed is political, the fed is

manipulating, that's a confidence issue. that can really shake investors. a lot of people feel that there's a bubble in the stock market right now. that's worth saying. low rates have definitely helped push stocks up. there's a divide between what people are feeling and the real economy on main street and stocks. that's a conversation that we have been having for several years now. that's not about the fed being political. >> now, mark cuban, we all know who he is. he tweeted about this. he sees it as a big deal. trump's comment on the fed is exactly why the market will tank if he is elected. ask him if he understands how the fed works. all right. let's put the second part aside, how the fed works. the first part, is cuban guilty of political hyperbole? is there any reason to believe markets would tank if trump came in? >> when you talk to people in the markets, if donald trump were elected president, market participants think if he did the things he says he wants to do, build a wall, have a trade war with china, that would undermine

confidence in american companies, undermine confidence in the economy, and hurt the stock market. that is the conventional wisdom there. the interesting thing about donald trump, there is this convention, and donald trump defies all conventions. you don't talk up or down the economy, and you don't attack the fed. the fed is manipulating interest rates. that its job. it's been doing that in the absence of any kind of concrete policy in washington to grow the american economy over the past eight years. >> it's interesting. recently in meetings, janet yellen and other fed governors have been kind of in veiled language saying, you know what, washington, we need some fiscal stimulus. we need you to do some of the heavy lifting. we have been doing it for so long. >> so he said they're trying to help the democrats. that's the last of his allegations. they're doing exactly what you say, that congress isn't giving obama what he wants, so they will. juice the system to make it look good when it isn't. >> there's a very vigorous debate going on in the fed right now. it's about half and half on

whether to raise rates or not. it's not as though everybody in the fed is saying we got to keep rates low to help the democrats. you can argue it either way. >> i'm impressed. christine romans, rana, battling my allegations with fact, once again. well, the clinton campaign has some explaining to do after keeping her pneumonia diagnosis under wraps. how will both candidates address their transparency issues? we'll hear from both sides next. remember here at ally, nothing stops us from doing right by our customers. who's with me? i'm in. i'm in. i'm in. i'm in. ♪ ♪

one, two, - wait, wait. wait - where's tina? doing the hand thing? yep! we are all in for our customers. ally. do it right. i know more about isis then the we arapprgenerals do. age. mers. john mccain, a war hero. he's not a war hero, he's a war hero because he was captured. i like people that weren't captured ok. donald trump compared his sacrifices to the sacrifices of two parents who lost their son in war. how would you answer that father? what sacrifice have you made for your country?

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find the cars you want, avoid the ones you don't plus you get a free carfax® report with every listing i like it start your used car search at carfax.com i just thought i could keep going forward and power through it. >> rarely same sort of things happen to her when she just got severely dehydrated. >> she said tens of millions of patriotic americans are a basket of deplorables. >> they need to be called out. it can't be tolerated. >> never in history has a major party presidential candidate so viciously demonized the american voter. >> nothing was ever done for

anybody because they were contributor to the foundation. not one example of something wrong happened. >> donald trump has given any of his own money to the foundation that bears his name since his last donation in 2008. >> this is a man who's given away tens of millions of dollars to charitable causes. >> we know the least about donald trump of any candidate in recent american history. >> announcer: this is "new day" with chris cuomo and alisyn camerota. >> good morning, everyone. welcome to your "new day." up first, a cnn exclusive for you. hillary clinton speaking out about her pneumonia. why did clinton keep this diagnosis from most of her staff, and what do voters have a right to know about their candidates' health? >> then we have a big role reversal in the campaign. donald trump is now arguing that clinton is too insulting to be president, slamming her basket of deplorables comment as the biggest mistake of the political season. will you voters buy this? we're just 56 days out, eight