to the white house and said that it would hopefully get rid of all the chaos and confusion that currently exists on pennsylvania avenue. >> lots of confusion, indeed. ryan, thanks very much, indeed. that's it for me. thanks very much for watching. i'm wolf blitzer in the situation. erin burr yet "outfront" starts right now. >> spam phone calls. the president brags about two phone calls the white house now admits never happened. why can't the president just tell us the truth. plus, the white house getting personal with our own jim acosta over immigration. and the dow hitting an all-time high today. is it the trump bump or the trump bubble? let's go outfront. >> i'm erin burnett. president trump's problem with the truth. every day that problem seems to get worse. tonight there are two phone calls that president trump said happened that did not, in fact, happen. one, trump bragging that the

head of the boy scouts called him to say his speech to the scouts was, in trump's words, the greatest speech ever given to the group. the second one saying the mention cal president called him to offer what trump said was the ultimate compliment, that very few people are crossing over the southern border. we now know that neither of those statements are true. here's press secretary sarah huckabee sanders admitting this today. >> on mexico, he was referencing a conversation that they had had at the g-20 summit where they talked about the issues he referenced. in terms of the boy scouts, multiple members of the boy squad leadership following his speech there that day congratulated him, praised him and offered quite -- i'm looking for the word. quite powerful compliments. >> so he lied? >> i wouldn't say it was a lie. that's pretty bold accusation. the conversations took place.

they just simply didn't take place over a phone call, that he had them in person. >> face to face conversations, of course, are not phone calls. the president was pretty explicit there. the president's problem with the truth, though, doesn't stop there because let's take a look at what happened at the boy scout event. all right? here's one moment. just to give you a sense about the speech because that's what it is all about. from that speech turned political rally. >> do you remember that famous night on television, november 8th? where they said, these dishonest people, where they said, there is no path to victory for donald trump. >> okay. he continued as you're probably well aware. trump then spoke about that speech to the wall street journal. what he said in that interview was very important. he said, quote, i got a call from the head of the boy scouts saying it was the greatest speech ever made to them and they were very thankful. now, that's a pretty incredible

claim considering the head of the boy scouts publically said at the speech, and i quote him, i want to extend my sincere apologies to those offended by the political rhetoric inserted. we sincerely regret politics were inserted into the scouting program. so when news of trump's claim that the chief scout had said was the greatest speech ever, when that broke, outfront immediately called the boy scouts and the scouts doubled down. they told us, quote, the chief sout executive's message speaks for itself. and then continued to tell us that the boy scout organization was unaware of any phone call. so thanks to the boy scouts answer to our question, the white house was forced to admit the president did not tell the truth. there was no phone call. now, the boy scotts haven't replied to our question about whether the chief south told trump that his speech was the greatest in history. although those sound like trumpian words. some people may say it is a

small matter to lie about how a conversation occurred, if it actually happened. but there is a crucial question here. if the president isn't telling the truth about these phone calls, what else is he not telling the truth about? trump himself has one explanation for his problem with the truth. it's actually from his book, the art of the deal in which he wrote a little hyperbole never hurts. it's an innocent form of exaggeration. except, it certainly doesn't apply when you are president of the united states and every word you say matters. sara murray is outfront tonight. and the president's credibility problem not going away. >> that's right, erin. in some cases it may be the president being imper sies with his language talking about a call rather than a sideline in person conversation. other times we know that he sort of conjures things up that seem to be created out of nowhere. so you ask, you know, what the problem is. well, one, he's the president of

the united states now. he's no longer a candidate. i think voters realize sometimes candidates make promises or embellish stories along the way. but now he's the president of the united states. and i think the bigger issue is that we are seeing from his republican partners on capitol hill some unease about the way the president likes to play it fast and loose with the facts. we have heard from some lawmakers who said if the president is willing to mislead on this issue, what's to say he's not willing to mislead on something else? that's a problem when you are this administration and you have such a robust legislative agenda that you want done. the president has made it clear he wants the senate to take up health care again. he wants them to take up tax reform and do this immigration overhaul. those are all things that require trust. right now that is in short supply, even with members of trump's own party. >> thank you very much. outfront now our senior

political analyst mark preston, april ryan, who was in that press briefing today, jov avlon and david drucker. let me start with you, mark. the president was clear. he got a call from mexico's president, a call from the leader of the boy scouts. today the white house says there were no calls. what does this mean? >> a couple things. one is we've reached the point now where we can no longer explain away that the president believes one thing and then goes out and says it and it turns out not to be true. the fact of the matter is life is black and white. there is not a gray areas when you are talking about specific actions. in politics and policy, the only thing that you have is your word, okay? the level of trust and the fact that people can believe in you. now, i spoke to a political advisor, to one of our allies just a couple of hours ago and

asked how are they dealing with president trump right now? the two words that came back from this person very confused, very concerned. they are parsing every statement, every word, every tweet to try to get an understanding of this. let me emphasize, very confused and very concerned and, erin, this is coming from our allies. same thing is being said from folks on capitol hill that i'm talking to. >> david, i want to play part of the exchange again. here she is. >> specifically said he received a phone call from the president of mexico. >> they were direct conversations, not actual phone calls. >> so he lied? >> i wouldn't say it was a lie. that's pretty -- a bold accusation. the conversations took place. they just simply didn't take place over a phone call, that he had them in person. >> again, david, we don't know from the mentixican president o

the boy scouts what their response is. but it is a bold accusation to say the president lied. what do you say to that? >> it is a beld ok youization, but the problem is president repeatedly gets caught in problems like this of his own making. there is something to be said in business, and you referenced "the art of the deal" where you want to paint your product and your vision for a company in flowery terms that may not come to fruition but everybody understands it is a competitive business place and products are always looking for an edge. in politics your word is your pond, to use a cliche. your opponents know you may have to hit them over the head at the end of the day because you are in a political fight, but you cannot do deals if you cannot trust each other. and one of the problems that republicans on the hill are having is that they don't trust the president. they don't always know that it's a malicious intent on his part, but they see him on five sides

of every issue at any given time and they never know what to expect. they pass that russia sanctions bill because they did not trust him to negotiate with vladimir putin. and all of this gets in the way of the president's ability to affect his legislative vision. i don't think he's ever internalized that he is now the leader of a team, of a government. it is not something that he has acquired that he could give marching orders to to do whatever he wants. >> here's the thing. when you put this in context. and this is why i made the point that some people may say -- dsoe people may say, if they did, the method by which they occurred, okay, so it is a lie. but it is a little lie. okay. but in the context of this president, he has said things that are not true about a lot of things, whether it's crowd size or his electoral college victory. here he is. >> a massive landslide victory, as you know, in the electoral college. when i looked at the numbers that happened to come in from

all of the various sources, we had the biggest audience in history of inaugural speeches. >> by the way, electoral victory was 46 instead of 58, i believe. it's a pattern. >> it's an impulse. it's a first response. and i think the problem is that trump comes out of this background as a hype man, a marketer and everything is truthful hyperbole. but now we're in a place where you are president of the united states. words matter. in his instinct, if his default is to lie about little things, then he's going to have a heck of a time getting any credibility on the big things. that's where we are. there is an assumption that the administration is not telling the truth, and that's because tone is coming from the top. >> and you polled the scale of this. >> yeah. look, "politico" did a study. and this is in the campaign. one falsehood every five

minutes. that's a stunning statistic. and that i think just speaks to the sheer tonnage of lies and false hoods and exaggerations this president tells as a matter of course. >> april, you know, we just played the quote, right, or showed the quote from trump's book, the art of the deal. and trump, you know, in his own words there, he always uses those words, that everything is the biggest or the best or beautiful, right? we know that in case anyone forgets, here's a couple of examples. >> i have the best courses in the world. >> i get the biggest crowds. i get the biggest standing ovations, and i guess you see it in the poll numbers. >> i truly believe that the first 100 days of my administration has been just about the most successful in our country's history. >> so, april, is this done on purpose, right, that he cloaks his comments in that sort of

grandiosity and exaggeration? or does he truly believe what he's saying? >> i don't think this president has figured out to turn the switch from the hyperbole or embellishments, whatever you want to call it, to understanding government and governance. words matter. words matter. you know, wars have been fought because of words. markets are moved because of words. america wants to be able to believe the words that their leader says, whether you voted for him or not. and this is very bad. i mean, he is a businessman. his nature is business. and that grandiosity of everything is great, this is wonderful and, you know, i think about the first so llo press conference he had. he says our administration is running off a fine tuned machine. there are a lot of cogs that have been flying out of that machine lately. and he's still staying everything is fine in the midst

of firing, scandals, what have you. and these two stories. so everything is great. but the reality is what it is. >> and, you know, but erin, you asked a fascinating question, does he believe it. and i think one of the riddles of this president is he speaks without a filter, whatever comes into his mind. so there is certainly a degree of emotional honesty like we've never seen. we know what he's thinking in real-time on twitter or when he's talking. yet, there seems to be a massive gap between that and reality. >> throughout the campaign, he ran on being a truth teller. this is the irony. when you say it is a phone call and it just wasn't. here's what he has said about his honesty. >> if anything, i'm so truthful that it gets me in trouble, okay? they say i'm too truthful. i think i'm an honest person. i feel i'm an honest person. >> one thing i can promise you this, i will always tell you the

truth. [ applause ] >> it's that context, mark, that makes it so troubling. that even when it comes to whether there was a phone call or not, it wasn't true. >> and the boy scouts, erin, we're talking about a speech that was widely panned for it being so politicized to a nonpolitical organization by and large. but yet he had to engage in it. why? why did he have to do that? why did he say that? why did he say he got a phone call from the president of mexico, when clearly he did not get a phone call from the president of mexico. the president of mexico never going to say what he had said because that is political suicide for the president of mexico. but really, it's all about credibility right now and the success of president trump, the success of this nation is based upon the alliances he can form not only here, at home, but abroad and right now he's not doing that. >> go ahead, april. >> i want to get this in really fast. this is a pattern with this president. when he meets with people, i think back to when this

president met with congressman elijah couplings. there was a stan dal about what was allegedly said. the congressman said, no, that's not what i said. what i said, he could be the greatest president if he did this, this and this. but i'm also thinking about how this president wants to make everything look so nice. think about when he had the hbc presidents in that oval office. >> right. >> he wants everything to look like it is perfect and nice. everything is not. >> all right. thank you all. and next the president's approval rating at a historic low. by the way, this is a crucial number there on truth and republicans views of trump. plus, the president promised he would not cut legal immigration. very specifically, very expolice ly. and the time donald trump wanted to play president trump

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president is doing. this is according to quinnipiac. the disapproval rate 61%. but what would be most concerning is this, the republican numbers. and they are going down. outfront now bill crystal, scott jennings. when you welcome at overall numbers here, now losing support among republicans as well, should the white house be worried? >> well, any time the president's approval rating is in the 30s, you should be worried. the q-poll has traditional by been hoer than the others. gallop has him in the mid-30s. but his approval rating has gone done. one thing we should recall, this is a president who has seen his numbers with republicans fluctuate. back during the campaign, he was around 80% with republicans. but on election day, he won 90%

of the republican vote. and, so, what happened? they decided that the spector of not being able to fill the supreme court seat was enough to come home. now the white house has to be asking itself how do we get it come home. >> so let's just look at these republican numbers, bill, because they're important. republican support on good leadership skills, 70% of republicans say he is a good leader. you might look at that and say it is a solid number. but it is town 13 percentage points from june when it was 83%. that's a pretty stunning drop. when it comes to being level headed, 57% of republicans say he is now again a majority. but from late june, that's down from 72%. so do you focus on the stunning drops that we're seeing among republicans or do you focus on the fact he's still above water with republicans by those measures? >> well, both. but republican president is always going to be above water with republicans.

richard nixon on the day he resigned had a 50% approval rating from the republicans. >> interesting. >> there is a base of just in a partisan area, the polarization with such dislike among republicans for democrats, for liberal media, for everyone else. trump will have some base. but i think it is an important poll that he has a huge base. they're a solid fervent trump supports and a lot of reluctant trump voters who voted for him because of the supreme court or they didn't want hillary clinton. they have been put off clearly in the last couple of weeks by the chaos in the white house, by russia developments, trump and don jr., trump writing the don jr. statement. >> scott, all of those things are in recent days. a few weeks ago, a senior advisor for the president told

me we don't care about any of those polls because we have our own and we have our own in the only states that matter and we show we're doing way better, so we're not worried about it. do they say that now at their pearl when you see these sharp drops among republicans? >> well, you do see some surveys out there. nbc news actually had a survey this past weekend and surveyed people in trump country, places that had flipped from obama to trump or had shown a surge from romney to trump of more than 20 points. he was still well above water in those countiecounties. he had degraded some, but he was still doing pretty well in what you would refer to as trump country. where this manifested itself is negatively is your influence over the congress and then next year if the numbers stay low, it would manifest itself in candidates distancing themselves from the white house. but we're a long way from there, and this president is a

legislative win or two away from seeing his numbers tick up and hopefully the republicans can pull it back up. >> by the way, whatever he wants to say about them, they're mainstream, whatever nasty things implied sometimes, he needs these guys and they right now verbally have been turning on him. here are a few. >> i will agree with this president when i think he's doing conservative things and doing decent things and i'll oppose him and speak up when i think he is isn't. >> i will support the president are appropriate. >> there will be times when i disagree with him. and when i do i state that very clearly as well. >> here's the thing. they say that, but let's take jeff flake as an example. he said the things he said, and that's great. but his voting record is 93%. >> that's a bum wrap, erin. i'm a critical guy about trump. i would have voted to confirm gorsich or mattis. so that number is not right to

say he's a hypocrite. hees a conservative. >> what i was saying is they may say one thing, but if they're backing him on his legislative agenda, does it matter to him? >> it matters a lot. first of all, it is going to erode support. you are already seeing that looking ahead on tax reform. he's not getting the benefit of the doubt he got before. think about this, the stock market, as donald trump likes to remind us is at historic fiegs. unep employment is low. if you told a political scientist, market goes up 15%, unemployment stays low, foreign policy not terrible really. he would say any competent president goes up from 46 a little bit. maybe he's at 50, 55. so that 33, 35, 36, 38 is really a low number. that is affecting congressman and senators since i think of whether they owe him support and

also his behavior. they do care about the country and they are looking at this white house and saying, you know, is anyone competent in charge there? they have great hopes that john kelly can do the job and i have great hopes, too. but at the end of the day, the president is the president. the president can't resist claiming to have made phone calls he didn't make or another russia story breaks or you get an account like you got a couple hours ago of this recent national security counsel with the president just popping off, knowing nothing. and i think senators look at that and think, we have to try to pass legislation that we believe in, but we're not going to give the president the benefit of doubt. that immigration bill, that bill would have been received bet per the white house hadn't been v n involved. >> thanks very much to both of you. it's a pretty radical change in

who will be allowed to come into the united states legally. and it led to this exchange in the white house briefing room. >> it looks like you're trying to engineer the ratio and ethnic flow of people into this country. >> that is one of the most outrageous, insulting, ignorant and foolish things you have ever said. >> and the president finally signs a bill punishing russia. but he made it very clear that he really, really didn't want to. i was working in the yard, my chest started hurting and i thought, well, you need to go to the doctor. i was told that is was cancer, and i called cancer treatment centers of america. dr. nader explained that they can pinpoint the treatment. once we identified that there was this genetic

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dramatic slashing of the number of immigrants that can legally enter the united states. now, a president says the bill will strengthen the american economy and instead giving priority to potential newcomers based on their education and their ability to speak the english language. the proposal sparking a tense back and forth between steven miller and cnn's jim acosta. >> what you're proposing or what the president is proposing here does not sound like it is in keeping with american tradition when it comes to immigration. the statue of liberty says give me your tired, your poor, your huddled masses. it doesn't say anything about speaking english or being able to be a computer programmer. aren't you trying to change what it means to be an immigrant coming into this country if you're telling them you have to speak english? can't people learn how to speech english when they get here? >> first of all, right now it's

a requirement that to be naturalized you have to speech english. secondly, i don't want to get off into a whole thing about history here, but the statue of liberty is a symbol of liberty enlightening the world. the poem you are referring to was added later and not part of the original. but more fundamentally, the history -- >> you're saying that does not represent what the country has always thought of as immigration coming into this country? >> i'm saying the notion -- jim, let me ask you a question. >> that sounds like a national park revision. >> no. jim, jim, let me ask you a question. >> it has been a hope to the world for people to send people to the country and they're not always going to be able to speak english. >> i appreciate your speech. so let's talk about this. jim, let's talk about this. in 1970 when we let in 300,000 a

people, was that violating or not violating the statue of liberty law of the land? in the 1990s, when it was half a million of the year, was that violating? when -- tell me what years -- tell me what years meet -- tell me what years meet jim acosta's definition of the statue of liberty poem law of the land? 900,000 violates it? 800,000 violates it. >> you are bringing a press one philosophy here and that's never what the united states has been about, steven. >> your statement is also shockingly a historical in another respect, too. if you look at the history of immigration, it's ebbed and flowed. we have large waves. >> we want to build a wall and bring about a sweeping change to the immigration. >> you don't think that a wall

affects green card policy? you couldn't possibly believe that, do you? the notion that you actually think immigration at a historic low, the population of the united states today -- jim, jim. >> talking about how border crossings were -- >> do you really -- cnn not know the difference between green card policy and illegal immigration? you really don't know that? >> my father was an immigrant and obtained a green card. yes, people who immigrant to this country can eventually -- >> jim -- jim, this is a factual question, jim. jim, as a factual question -- >> they do obtain a green card at some point through a lot of hard work and yes they may learn english as a second language later on in life. but this whole notion of they have to learn english, are we just going to bring in people from great britain and

australia? >> i am shocked at your statement that you think that only people from great britain and australia would know english. it reveals your cosmopolitan bias that in your mind -- no, this is an amazing moment. that you think only people from great britain or australia would speak english is so insulting to millions of hard working immigrants who speak english from all around the world. have you never met an immigrant from another country who speaks english outside of great britain and australia? is that your personal experience? that's not what you said and it shows your cosmopolitan bias. >> it sounds like you are trying to engineer the ratio of people into this country. >> that is one of the most outrageous, insulting, fooling and ignorant things you have said and for you that's still a really -- the notion you think this is racist bill is so wrong

and so insulting. >> jim, let me go first to you. insulting, ignorant things that you were called by steven miller. were you surprised? >> i could go for a cosmopolitan right now, erin. it is not often you are accused of a cosmopolitan bias from someone who went to duke university wearing cuff links in the white house. when they are attacking the news media, my experience, erin, is they are losing the argument. what you saw today in the briefing room is the top policy advisor to the president bar raiding reporters. my colleague over at "the new york times" was asking some very pointed questions of steven miller, and he was -- steven miller was throwing out these comments about maybe "the new york times" should only hire certain kinds of workers, never mind the fact that the trump's organization hotels and

properties around the world from time to time have hired people that would not be described as highly skilled english speaking people who would be given advantages in this new merit based system that the trump administration is proposing. one other thing point, the american experience has always been and the stach kwhu of liberty is an example of that, that we have always welcomed all kinds of people, from all walks of life into this country. all people coming into this country have merit. they shouldn't be subjected to a point system. you know, an unskilled person who doesn't speak english coming into america might give birth to a neurorow surgeon. that has always been great about america in my view and i was just trying to test seven miller on a couple of those points. i think what you saw unfold is that he really just couldn't take that kind of heat and exploded before our eyes. >> yeah. i think you definitely did see that. by the way, i want to make one

point of fact here to all our viewers. he said you have to speak english already. you can check the website on that. that's not true. there are several examples -- exceptions where you're allowed to bring an interpreter. that's just a point. it's also, john, the issue of this is a complete 180. this is a president who is completely changing what he promised to do. as president of the united states, in may, the economists asked him, will you reduce the number of people coming to the united states legally? his response, oh, yeah, no, no, no, no. we want people coming in legally. no, very strongly. now they're going to be much more strongly vetted, as you see. so this is a huge change when he's now coming in and saying these different requirements and restrictions that we would place. >> that's right. it is a flip-flop on policy from things he said during the campaign, however tough he was on immigration, it was always

illegal immigration. and for long-standing policy from the republican party. the deal has always been, we are pro legal immigration, we want to crack down on illegal immigration. those are two different things. but this policy flies in the face of that tradition, being a nation of immigrants and recognizing it. and how many members of the senate or congress did their grandparents come over not speaking english or unskilled. my grandfathers came over not speaking english and unskilled. that's the story of america and why people are going to be passionate about this. we should be able to have great policy debate without everybody being accused of being racist. >> you only want an english speaking visa is a complete change from what america as for generations done and that fact. we're going to talk about this. whether you agree or not, you need to acknowledge what a dramatic shift that would be. next, a top republican asked why is the trump administration so different on russia? and donald trump passing up a

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the president signing a bill to punish russia, hitting the country where it hits, energy. but he made it clear he wanted nothing to do with the bill. writing in a statement, the bill remains seriously flawed,

particularly because it encroaches on the kpaektive branches authority to negotiate. as president, i can make far better deals with foreign countries than congress. out front now, serves on the foreign relations committee. north, there was that statement and then there was another one that the president released in which he said the sanctions bill includes a quote, number of unconstitutional provisions. he is saying it is unconstitutional, seriously flawed. your response? >> if it is unconstitutional, he shouldn't sign it in his role as president. but this was the congress, democrats and republicans, house and senate saying you have not gotten the job done on russia so we're going to do it for you. and in that sense it is a big humiliating to the president. but this president came in and said he was wanting to undo the sanctions against our adversary, an adversary who proceeded to annex crimea and occupy eastern

ukraine and interfere in our elections in a massive way. so congress said, we believe sanctions are necessary. a strong position has to be taken. we need a watchdog for america, not a lap dog for putin and sent the bill to him. >> when you say lap dog for putin, let me ask you this. so given your use of the word there, do you feel there was a risk that this president would try to ease those existing sanctions? is that why you supported that? >> this is exactly what democrats and republicans thought, because he has consistently said time and time again he wanted to ease sanctions with no explanation for it and it is traditional to adjust the sanctions. that's what normally done. we didn't do it in this case because on a bipartisan basis, congress did not trust the president on this issue. >> so the president's team have repeatedly said they could

negotiate a tougher sanctions bill than the one he signed. i could have done a better deal. he says he could make far better deals than you all can in congress. is it possible he's right? >> how can a president that wants to undo the sanctions negotiate a stronger deal? he had the chance. he went over to europe, met with putin face to face, had secret meetings on the side. did he come back for a proposal for a strong stand vis-a-vis russia. >> he said they talked about adoptions. >> to lindsey graham is questioning why the trump administration is sending mixed messages. here's senator graham. >> the fact he does this kind of quietly i think reinforces the narrative that the trump administration is not really serious about pushing back on russia. and i think that is a mistake, too, because putin will see this as a sign of weakness. >> what does this all add up to? >> it makes one wonder. it makes one wonder why the trump administration is so different than everybody else on

russia. >> do you agree with senator graham? >> absolutely. how do you get your hands around an american president not taking a strong stand against our adversary? and what lindsey is referring to is absolutely a common opinion of what is the answer. let me just expand a little bit here. is the answer because his business deals involve borrowing from russia, relited to the british dossier or maybe it is a piece of all three, but it is a very extraordinarily strange situation to have the president of the united states not standing up to russia. >> all right. thank you very much, senator. i appreciate your time. >> you're welcome. >> next, stocks soaring to, well, a whole new high. the dow topping 22,000. now, this is happening under president trump's watch, and that's a fair and square point. does he deserve the credit? and how donald trump missed his

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breaking news. a historic milestone for stocks. the dow closing above 22,000 for the first time ever. the president taking credit for the milestone. earlier today, as the market tried to reach it. ", the stock market could hit all-time high again, 22,000 today, 18,000 on election day. mainstream media seldom mentions." well, the dow has risen 20% since president trump was elected. that is a stunning surge by any measure and it is something the president has been taking credit for since taking office. >> there's a lot of confidence in our economy right now. there's a great confidence level. you've been seeing that in the stock market, you've been seeing that in businesses and you've been seeing that on every chart. the stock market hit another all-time high today. we're doing trade deals. look at what's happening with

the stock markets. look at so many things where we're just getting bigger, better, and stronger. >> "outfront" now with more on tonight's number, paul, co-founder of the spoke investment group. paul, the big question here is whether president trump actually deserves the credit for this milestone we hit today. what do you think? >> it depends upon who you ask. i think when you look at any market return under a president, a president deserves some of the credit, i think, but certainly not all of it. and different presidents deserve more credit. just like a manager of a baseball team, some get dealt better players, some get dealt worse players. it's how they do it. so market's up 20% since election day, and so that is a strong return over that, about an eight or nine-month period, so you got to give president trump credit because there is -- i mean, because he's in office and the market did turn on a dime on election day. but the fact that the markets have been unfazed by what's going on in washington on a day-to-day basis shows us that

the, you know, investors and the market is bigger than just washington, and thank god, i mean, the fact that if politicians were -- the market was relying on politicians, i think we'd all be in a much worse place right now. >> now, trump when he was candidate trump expressed great skepticism about what was already a market that had been surging for years. here he is. >> we are in a big, fat, ugly bubble and we better be awfully careful. >> obviously since he said that, he won, he became president. the market kept surging. we've now seen the second fastest thousand-point gain for american stocks since the dotcom bubble back in 1999. eny when you look at where the market is trading, price to earnings, 21 times. the historical average is way below that. closer to 16 times. are you worried this is a bubble right now, paul? >> i'm not worried it's a bubble. soo i'm sure president trump would

say it's not a bubble. valuations are expensive in the market. no denying that. interest races are low so you tend to see valuations expand during low interest rate environments so you have that, but earnings have been growing. the market is up 10% this year. but the earnings multiple of the s&p 500, what people will pay for earnings, has been unchanged this year. so, earnings have been growing by double-digit rate this year so we haven't really been seeing valuations contract or get more reasonable but they haven't been expanding. the reason we're all here today talking about the 22,000 is because of apple. apple's the largest stock in the united states. publicly traded company in the world. and when you look at that stock's valuation, it trades at a below market multiple, so you look back to 2000 when the tech stocks were all trading on, you know, on valuations of eyeballs and -- besides earnings because they had no earnings. it's a much different environment now. and we're seeing broad prarp participation in the market, too. large cap tech stocks are

rallying but the rest of the market is doing well also whereas in 2000, it was just tech rallying and the rest of the market, the industrials were all weak. >> all right. saying not a bubble right now. thank you so much, paul, i appreciate it. >> thank you. and "outfront" next, jeanne moos on president sharknado. here ya go. awesome, thank you. thank you. that's... not your car. your car's ready! wrong car... this is not your car? i would love to take it, but no. oh, i'm so sorry about that. you guys wanna check it out? it's someone else's car... this is beautiful. what is this? it's the all-new chevy equinox.

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yogig-speed internet.me? you know what's not awesome? when only certain people can get it. let's fix that. let's give this guy gig- really? and these kids. and these guys. him. ah. oh hello- that lady. these houses! yes, yes and yes. and don't forget about them. uh huh. sure. still yes! you can get it too. welcome to the party. introducing gig-speed internet from xfinity. finally, gig for your neighborhood too. tonight, how donald trump almost played a president on tv.

here's jeanne moos. >> reporter: think how it could have been. instead of donald trump being the actual president, he could have played the president in "sharknado." "sharknado 3," oh, hell, no, to be exact, the one where sharks come raining down on washington, landing in lincoln's lap. wreaking havoc at the white house. the producers wanted sarah palin to play the president, but when she fell through, they turned to not george washington, they turned to donald trump. so says the "hollywood reporter." the donald said yes, recalled the producer. he was thrilled to be asked. a contract was drawn up. >> the next president -- >> reporter: then the producer says he heard from trump's lawyer, michael cohen, midonald thinking of making a legitimate run for the presidency, so we'll be back to you."

cast entrepreneur mark cuban, instead, who proceeded to mow down an even grenade-flying shark. the with t"hollywood reporter" the producer as saying the trump team blew out threatening to sue after mark cuban was cast, but trump attorney cohen doesn't recall that describing it as a very weak attempt to obtain free publicity for "sharknado" by using the president. he did acknowledge trump had given a noncommittal "i'll do it" to the film's star, a personal friend. ann coulter played the vice president, surfing past sharks. donald trump has had plenty of cameos from "sex and the city." >> samantha, a cosmopolitan and donald trump, you just don't get more new york than that. >> reporter: to the "fresh prince of bel-air." >> you look much richer in person. >> reporter: "sharknado" is one he let get away.

president trump's new chief of staff may think his new job is tough. >> hey, i am the chief of staff! >> reporter: which is harder to survive, a sharknado or a trumpnado? jeanne moos, cnn -- >> god bless america. >> reporter: -- new york. okay. thanks so much for joining us. anderson's next. good evening, we begin tonight keeping them honest with yet another instance of the president making a claim that turns out not to be true then the white house not acknowled acknowledging the false claim, but basically pretending it never happened. actually, there are to claims the president recently made, who phone calls that the president said he took from people who wanted to praise him, phone calls it turns out that never actually happened. let's start with the phone call the president talked about monday. >> even the president of mexico called me, they said their southern border, very few people are coming because they know they're not going to get thaw o they aren't going to get through our border which is the ultimate compliment. >> that same day the office of the president of mexico issued this statement saying,