♪ ♪ welcome to the working week i know it will thrill you ♪ >> good morning. look at that shot of new york city. it is monday, july 7th. welcome to "morning joe." with us on set, we have the chairman of deutsche incorporated, donny deutsche. >> hello, darling. you look very miss crabtree from the "the little rascals." >> what is that? >> i'm heavy on my heart for you. >> oh, my gosh. the host of "way too early" is here, thomas roberts. >> haven't seen you forever.

>> miss crabtree is the way you should address me. and with us on set is jon meacham and andrea mitchell. >> can i say anything before we go anywhere? has in my opinion seen jon meacham's pulitzer? >> i'm not going to address that. >> did anyone have vacations? were you all filling? you were away. amazing. i saw all of your pictures on instagram. >> did you have a good july fourth weekend? >> i took my girls and goddaughter to a red sox game. we all went. that was fun. >> did they win or lose? >> they did not win but i think i have them all indock nated now. >> we need to make one of those

an oriole fan. >> i did something very american. i binged watch a show. "orange is the new black." >> wow. >> i'll never get that time back. i didn't feel good about myself after. >> did you do all two seasons? >> separate it from the content. did you like the show? >> yes. incredible. all women running the evil and good and the different layers of the main cast. an amazing show. >> i hear a big smattering of lesbians. >> do you regret time you spent in the louvre? >> it's not productive to binge watch. i won't ever do it again. >> did you watch both seasons? >> i think i watched entire season two, i believe. >> i've not seen it, but people love that. >> it's a good show. i'd like to have the main star on again. we have had her on before. she is amazing. joe is joining us in a bit.

so let's get to the news here. a couple of different issues. >> one quick thing here. i didn't see too many of you at the parade in suwannee, tennessee, this last week. >> i'm sorry. was that fun? >> of course, it was. miss franklin county. donny, i thought you would be there. >> i tried to get down there. >> the runway is not long enough for the jet? >> sounds like miss crabtree would fit right? >> we need to find a picture of her. everybody's crush as a little boy. >> here is the question. do you make enough to achieve the american dream? analysis from "usa today" shows the average family of four would need a six-figure salary to live the dream and here is how they break it down. for the essentials including housing, transportation, food, clothing and medical, the paper estimates a family of four would need $58,000 to cover all of those costs. for extras, which are defined as

family vacations, going out to restaurants, cell phones, cable, et cetera, $17,000 should be enough to splurge. finally to cover taxes and savings, including federal, state, and local taxes, including college savings and retirement, that cost nearly $55,000. to live the american dream when you add it up, $130,357. according to "usa today," only 1 in 8 u.s. households made that last year. the census bureau estimates the median family of four is not close to where we need to do. while you have wall street booming and you have corporate profits doing quite well and while you have sort of jobs numbers showing more people are getting hired, but wages are way down. this is something we have not been able to, in almost two administrations of a white house

that has been trying to help the middle class, incapable of making the meter move here. anyone want to chime in? >> political significance. it's hard to get your brain around it except when you see numbers like this. the term itself, the american dream, defined the way we do, which is that everyone should rise according to their ability, only comes from the 1930s. 1931 a historian named john truslow adams coined it. it was a time of economic stress and he was writing about enduring the troubles in order to continue to create a culture in which you can prosper according to your work. and bill clinton was elected 25 years ago now or so. 22 years ago. saying if you play by the rules, if you do the work, then you should prosper. and that promise is central to the country and central to our politics.

>> this study and this data adds to data we have been looking at the past year or so, donny. two years even where you got young people not doing as well as their parents. >> yes. >> the next generation doing worse and worse. a decline we haven't seen, at least in our lifetimes. there has always been progression. i guess the question i have for you what keeps companies that are prospering from lifting people up? i know i've got very clear ideas about the minimum wage and about what -- >> there is a simple answer. first of all, we got to stop using the word economy because there is two economies. 17,000 dow is one and read only 6% unemployment. >> with people investing ever than before. >> yes. the wall street economy and main street economy. you don't change it. if you're a shareholder in walmart and when you invest in walmart as a owner technically and where you are going to make your money as a shareholder is their quarterly numbers and, unfortunately, it is is not

imperative for these companies. they are playing for their shareholders. i'm not saying in a negative way. that's the business they are in. the answer to your question is the free market is not going to allow -- actually, nor should it allow for frankly companies to say it is our job to live for -- it is company's jobs to make profits for their shareholders. that is a harsh reality of capitalism and so it's got to come from other places and that is just, guys, it is what it is. and am what it am. >> most people would say the american dream is achieving the financial independence and mika's point to help boil along the next generation, the people that come after us, our kids and our grandkids. we know the u.s. has the most self--made millionaires of anybody in the world but we also have that struggle and a conflict of being able to provide upward mobility to john's point for achievement of earned achievement and we have to still work on that as we continue to change and grow with our social contract in this country, what that means. >> we are going to look at this

a couple of different ways coming up. i want to move to the other big foreign policy story over the weekend and bring andrea in the conversation. officials at iraq have a better look at the man trying to take down that country's government. isis put out a video claims to show its elusive leader delivering a message at a mosque on friday. he controls what he calls a new islamic state including territories seized in iraq and syria. security "sportscenter" say it appears legitimate and underscores the type grip extremists have on the region. the violence, meanwhile, continues with a new bomb in baghdad yesterday leaving at least four people dead. the country's prime minister is vowing to stamp out the militant advance but he lost support over the weekend of an influential cl cleric who is pushing for a new leader to emerge and that is surrounding iraq. andrea mitchell, this video,

tell us a view from 20,000 feet how important this is and frightening, i think. >> it's frightening. it's important. and it is extraordinary. because you never saw osama bin laden or any of the other top lked leadeal qaeda leaders coming out in public and having the gull and the guts really to stand in the main mosque in mosul to show that he controls the territory, that he is not afraid to be out in public, and to also be declaring -- he doesn't have a religious background -- but be declaring he is the religious leader. so he was making claim to something which is actually rather offensive to a lot of potential followers. that said, he has got the military muscle. they not only taking ground like mosul, but they are holding ground and for him to come out in public in the mosque, they apparently cleared the mosque and let people in check being them for weapons as they came in and holding everyone there ten

minutes while he will meat a get-aw get-away. that said he is so flagrant about this, that this is clearly a real challenge and the other thing is even though they have not advanced further towards baghdad, maliki dug in his heels over the weekend, despite the sistani and other shiite leaders saying he has got to get out. the u.s. is pressuring as much as they can from behind the scenes and tomorrow is the next meeting and so far maliki has missed every deadline and refused to step aside. >> andrea, what are your sources telling us how seriously the highest level of the security world in washington are taking the questions about caliph? >> they know they have to strike against isis but do not think the maliki forces can run the russian fighter jets that were supplied as a way of sort of

saying to the u.s. they are giving us fighter jets. they are basically running the xilvet equivalent of a couple of cessnas and what the iraqi air force is reduced to. they can't run the air force strikes. maliki doesn't want to take sides and seem to use the american air force and air power to reaffirm maliki's status so they are hoping for a real government so they can then organize a real plan for air strikes along the syrian border and try to get to the supply lines and try to get at isis before it's too late, but as long as maliki is there, they are afraid to do it. >> a big question about maliki. before we most of on, this leader not only brazen with this video, but loaded apparently. thomas? >> "the post" using some of its ink today to dissect of image who this is and using the video of the sermon to showcase the watch on his right arm.

they spoke to a manhattan watchmaker says it looks like a rolex valid at about 8 grand but didn't put a definitive label on it. >> scary. the 600,000,000 they looted, with the territory they own, this is al qaeda, incorporated. that is the scary part here. >> exactly. >> andrea, another one for you happening overnight. israeli prime minister benjamin netanyahu called the father of the palestinian teen burned to death in the apparent retaliation for murders of three israeli teens. netanyahu condemned the teen's murder and vowed to punish those responsible. six jewish suspects have been arrested in connection with the murder which sparked violent protests across the region. graphic video shows the murdered palestinian teen during one of the protests last week. the boy's parent say he suffered a broken chin and eye injuries.

israeli police say the video is edited and biased. the u.s. teen is not charged with the crime. he spoke out after spending four days in custody. >> i only remember the beginning because they punched me a couple times. i remember them punching me and after a couple of punches, i went unconscious. i'm blown away because i was just with my cousin and i still remember his voice and i still can't believe he is dead. i feel like on he just went somewhere and he going to come back. i don't know -- i don't know what to say. i'm speechless. >> nightmare. andrea mitchell, i guess calls for kerry to jump in. what at this point are we looking at in terms of strategy or helping or not helping or getting involved and not getting involved and trying to broker something or not at this point? >> so far, the state department twice this weekend, the spokesperson from the state department, issued devastating

statements criticizing israeli what happened and wanted -- this is a boy from tampa, florida. this is an american citizen. the u.s. doesn't get involved in what they consider internal israeli/palestinian issues until something like this happens. this is an american question. they sent a counselor right wawy to get this kid out of de. he says he was a bystander. the israelis are saying something else. you can see from the response from netanyahu who came out with his wife yesterday and talked about what happened and they quickly arrested six israeli jews they are concerned about another uprising and this is a real flash point. >> more on this ahead. one other big issue that is brewing since we left town, the nation's immigration crisis which is sure to be a top issue

for lawmakers returning to capitol hill this week. u.s. border guards overwhelmed by undocumented wave of immigrants and often children without parents and flooding into texas and other crossing points. once apprehended they are detained inside the u.s. instead of being immediately deported and they are forced to move the immigrants elsewhere he and that includes murrieta, california. the mayor is defending his town's opposition to hosting those children and families. several demonstrators were arrested over the weekend and the protesters were screaming and telling them to go home and they had a lot of fears about these people coming into their towns and their schools and living in their towns. mayor allen long says his residents have legitimate

concerns about a small town inheriting a national problem. i want to stop here for a second and just wonder what you all at the table think of this. is this intolerance? is this wrong? or are there some legitimate concerns here? when we look at the numbers of people coming in, it's hard to talk. because these are human beings and many are children and mothers and mothers with babies. and in some ways, i can't believe this is our country with people acting like this. at the same time, we don't live there. anyone want to jump in? >> i do. one word. children. >> what? >> children. >> what? >> children. you can put numbers. i wish they would tell the story of one 4-year-old girl or 6-year-old boy or 9-year-old girl and her mother and what they would have to go back to in honduras and call it immigration and what you want. we are a country that hopefully, does the right thing. these are children that are leaving abused areas. we talked about the american

dream earlier. >> i completely agree with you. >> maybe all bets are off when it comes to kids for me. >> a lot of times the groups are coming with teenagers and older children and young adults. there are legitimate problems that are infiltrating these communities and fears and even some dangers. i say that carefully. >> but. >> go ahead, andrea. >> i was going to say they are only brought there for a detention center to go into a quick proceeding to either be bussed someplace or flown someplace if they have a relative in the state. they are not staying in murrieta. finally some protesters on the other side i think you showed pictures of that, who came out a day later. it was pretty horrendous. stephanie gosk has been down there and shown the conditions, the murder of the gangs. we should talk to the mexicans. they are letting them get across this shared border because of

payoffs from the drug dealers and from the coyotes. the whole situation is pretty disgraceful. >> homeland security secretary jay johnson was grilled on "meet the press" about the 50,000 children who have entered the u.s. illegally since october. take a look at that. >> will most of these children that we have seen in this desperate situation, stay in america or returned to their homes in central america? >> there is a deportation proceeding that is commenced against illegal migrants including children. >> i'm trying to get an answer. will most of them end up staying in your judgment? >> i think we need to find more efficient effective ways to turned this tide around and we have begun to do that. >> are you saying it's impractical to deport all of them who are here now? >> i'm saying that we have already -- we have already dramatically reduced the turnaround time for the adults and in the process of doing that with the adults with the kids.

>> he's having a hard time answering that as well which goes back to the question i was posing earlier. i don't think it's simple. republican congressman raul all about labrador is outraged. >> the thing this administration needs to do is immediately deport these family and children. i know it hounds harsh and difficult but they are creating a crisis at this time that is actually going to harm these children. >> meanwhile, the us government has released series of public service announcements that warns about the dangers of crossing the border illegally and rick perry, texas governor, is asking obama to see firsthand the conditions of the border is accusing the president not being concerned about the crisis. >> what has to be addressed is the security of the border. you know that. i know that. the president of the united states knows that.

i don't believe he particularly cares whether or not the border of the u.s. is secure. when i have written a letter that is dated nmay of 2012 and have yet to have a response from this administration, i will tell you they either are inept or don't care and that is my position. >> so we have the governor there talking about the letter that he has written to the obama administration dated may of 2012. jon, we know president obama this week is scheduled to be in texas. he has fund-raisers taking place in wednesday and thursday. he will be in austin wednesday and thursday. they said last week he is not visiting the border to take this in. what do do you think that will be like on the back end of the president's trip if he doesn't take into account what is going on miles away is such a big national problem? >> yeah. it seems to me this has reached a level of political activity

that a lot of folks have worried about, that it's becoming uglier if that seemed possible, because of the immediacy, the number of people that mika was asking you why the secretary was having a hard time answering the question that david gregory was asking. well, the answer was the congressman who came on afterward and the answer is rick perry, because this is politically a very difficult issue, mostly on the republican right. i think that -- i think the president should probably address it more forthrightly. >> i think seeing the pictures of the children and see the human faces is something that we all -- i mean, i personally think it would be good if the president went there, but i understand that call. having rick perry accuse the president of being in a conspiracy to sort of make this action takes the conversation to a whole level that -- >> something else on the republican side is, remember,

former florida governor jeb bush who may be running against rick perry, got in hot water with the republican right by saying that, oftentimes, these immigration issues are an act of love which goes to donny's point. these are families seeking a better life. and speaking about it in humane terms, he paid a price with parts of the base. and i think that that is only going to get more fractured and corrosive, that part of the debate. is the american conversion of exceptional in doubt? could smoking cost you your job? that's a good one. why a controversial hiring policy is growing across the nation. up next, in new study asks americans what they think the country will look like in ten

years and the results are downright depressing in some ways. unbelievable. my god! you're watching "morning joe." we will be right back. ♪ really... so our business can be on at&t's network for $175 dollars a month? yup. all five of you for $175. our clients need a lot of attention. there's unlimited talk and text. we're working deals all day. you get 10 gigabytes of data to share. what about expansion potential? add a line anytime for 15 bucks a month. low dues... great terms... let's close. introducing at&t mobile share value plans... ...with our best-ever pricing for business. hello! three grams daily of beta-glucan... a soluable fiber from whole grain oat foods like cheerios

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now, that's progressive.

♪ i have been around the world thomas, are you ready to look at the morning papers? >> absolutely. >> we are going to start with "the wall street journal." the tsa says flyers at unspecified international airports will now be required to turn on devices like cell phones and laptops. devices that do not turn on will knots be allowed on planes. the new guidelines come after security was enhanced at airports in europe, africa when the middle east. intelligence officials say they are concerned that al qaeda may be trying to develop new bombs that could avoid detection at airports. >> from our parade of papers,

"the "chicago tribune"" suggests that more than 60 people shot over the weekend in the windy city leave five dead. five shot by police officers over a 36-hour period according to the "chicago tribune" according to a 16-year-old accused of firing shots in the air. police ordered him to drop a weapon and when he didn't, they shot and killed him. the number of homicide is down from the first half of last year, though, total number of shooting has gone up. the "los angeles times." australian news program is defending its decision to air leaked video of oscar pistorious reenacting the night he killed his girlfriend reera steenkamp. he can be shown walking in the room without his prosthetic legs clenching his hands liking is holding a gun. another scene he enters the bathroom with his legs on and carries a woman down the stairs. his defense team says the video was made for trial preparation

and was illegal sold to the australian network. >> wow. >> awful. sydney morning herald. aviation enthusiasts caught terrifying thing on camera. this happened on saturday. >> my lord! >> one attempting to land as another is taxiing across the runway along the same path. thankfully the plane abort the plane about to land so the other could pull up and turn around. spectators at a recent air show got more than what they bargained for. f-16 flew a little bit too close. look at the guy in the orange waving it in saying, come on, come on over here. that is a little close! my gosh! the excitement was exchanged for panic and fear as the turkish airport kroching for la--

approaching for landing flew too close to them. my gosh! >> the guy that is waving. >> that's not right. pretty amazing. >> that's just not right. "the baltimore sun." companies are requiring employees to provide proof that they do not smoke or use tobacco products testing for nicotine is legal in more than half of the u.s. and required by companies like alaska airlines. more than 42 million americans smoke cigarettes that is about 18% of the population. testing for nicotine. >> i think it's a good idea. am i going to get laughed off the set? donny? >> we do have a constitution and i -- >> don't you believe it's a right to hire people? >> does that mean you test people? you can only have four drinks a week or i won't hire you. it's a slippery slope and i

myself like more than four drinks a week. >> got to be other ways. >> let me ask our next guest and make him feel really uncomfortable. what will the country look like ten years from now from the focus of the brand-new survey, america looks to 2024 from the atlantic and aspen institutes. the numbers they came up was two-thirds of the country are not convinced the country on the right track and compared to 35% who are. more than 40% are convinced the u.s. is no longer the land of opportunity in ten years. 66% say the gap between the rich and the poor will expand even more in ten years. how is that possible? but i guess it must be. less than 20% believe it will shrink. just 3 in 10 americans say the country standing in the world will improve more than two-thirds and believe it will decline or not sure. 68% believe china will be a super power in ten years and

that tops the united states and russia which many predict will gain more powerful status. more than two-thirds are not convinced the u.s. will be more unified in 2024 with 41% the country will be less unified. don barry is the worldwide chair of a worldwide firm. do you want to talk about smoking requirements? >> we will do that. i think it's interesting. two deck 80s the revolution of anti-smoking and what the workplace was like just 20 years ago. >> where they smoked at work all the time. one area in the media world where that still happens all the time. >> where is that? >> at least five years ago. i think it does in a few offices now. in one of the oldest tv shows in america at cbs, the most popular news programs, they smoke in their offices. it's unbelievable.

but okay. so look at this study and the outlook that americans have. i was digging deeper into the numbers looking at how people view marriage and some of their social lifestyle issues. it kind of points to a lack of trust in society and a lack of belief in some of the basic foundations that we grow on, and as we started this show out, the american dream. >> right. it goes right to the american dream. this is something we have done with aspen in the atlantic for the last several years. we wanted to look forward to 2024 and what americans think the world would be like then and what america will be like then. work with our colleague mark penn from microsoft, who is a great strategist and pollster. we talked about working hard and playing by the rules. only 30% of the people that we surveyed think ten years from now if you're working hard and

playing by the ruleset get ahead and 40% say it won't make your life any better. >> why? because the economy has not fared well for most americans? >> pessimistic about the economy now and looking forward and hard time mamging how it's going to be better. fundamental to the american dream has always been people believing the future is better than the past in america and there is not so much confidence about that. >> andrea mitchell, but looking at the headlines the past three days, i can remember the dow expands at a faster rate than the economy. wall street doing well. corporate profits up. they are hiring more people but -- >> stagnant. >> exactly. for years now. >> yeah. i looked at those data because i was out in aspen with don and i'm wondering, don, you know, we first met, i think, back during the clinton campaign years and the first clinton white house years and bill clinton in '92 used to campaign and say, you know, you're going to have seven

or eight jobs in your lifetime. we would listen to the a speech and think that is not true but that is true. jobs have changed and people have been displaced. if you were running for president right now or framing a message for 2016, how would you take these data and figure out a policy and a message that would appeal to people and would make sense? >> andrea and i were reporters back then and i became a chief speech writer for president clinton. the seven and eight jobs in your lifetime he had to stop talking about that because it made people anxious. the fact of the matter we are living in a time of change. peoplend that and absorbed that. i think what people want to hear is that people, leaders in place who will get the job done. there are things that can be done. but they have stopped believing that our government and our elected officials are going to help move us forward. >> one question before we get too dismal. is part of this a function of we live in a world of social media and there is such a

democracization of information that years ago if you had 7 billion voices speaking up, you would always get this level of cynicism. you didn't have this level of what i'll call -- >> i think it's deeper than that. >> look. we are a bloated empire and no question about that. the facts are the facts. i do think part of the black cloud here is the ability and thank god there is the ability of this mass communication -- >> but the reality is there. >> yes. >> the reality is there. >> but we are struggling. listen to what we are saying. think about it. on thursday, we had some very good economic numbers. >> good for who? >> good is good. good is good. things are beginning to move. i do want to focus some on some of the positive here. millennials, by and large, are

more optimistic than the rest of us baby boomers and older people, right? >> positive about what? >> they are positive about their financial circumstances. >> really? >> will be better ten years from now and they are more likely to own their own business and the oldest millennials are 34 years old. ten years from now they will be leaving this country. >> if you look at what this president has tried to do, equal pay, student loans, minimum wage, unemployment insurance. at every turn, isn't that part of getting the job done? providing people with the little guy a leg up, a fair shot? it's not happening. >> we have got to bring the parties together so that we can make progress on these things. >> it's not happening. >> sometimes progress is way out here and sometimes it's right here doing some small things first so we can continue to move forward. >> don, thank you. come back. >> everybody has gone back to sleep because this is depressing. >> we have to figure this out. i'm frustrated. i feel like -- sorry, but ceos

have been saying seven years now there is too much uncertainty. i cannot pay people better! really? you're uncertain? you guys are doing pretty good! no offense! >> do you think it's a ceo's job to pay people better or to provide a profit for their shareholders? guys, you have to get out of that dream land a little bit. >> you get to the top and you get to pull up the ladder? we look at the dow jones over mika's shoulder. over 17,000. you're cool with the ladder being ripped up? >> i'm stating a fact. don knows this well because he represents a lot of corporations. a ceo's job is not make sure -- >> so rip the ladder up! >> sell all of your stocks then, okay? >> they have. less people investing and i think wealthy people -- >> we have to grow this economy and that will drive opportunity for more people. >> okay. you come on the show at your own risk, don. thank you so much. i appreciate it. there is a new number one men's tennis player this morning

after a tense -- this was painful. we watched this entire match. nearly four-hour long wimbledon finale. i did binge watch a lot in many ways. those highlights are next. >> you were an actual american over the weekend. >> i am proud to be an american! ♪

welcome back. it's time for sports. in boston the o's and the red sox. baltimore 6-1 lead heading into the bottom of the seventh where the red sox got the rally caps pop the o's bull pen give up four runs and tying things up and go into extra innings. j.j. hardy singles to left with a man on third. the orioles hang on for 7-6 win. >> thomas, saying that the oriole fans stuffed the all-star ballot box, true? >> orioles! magic. to minnesota. yankee captain derek jeter in his final regular season game in the twin cities. he had three hits on the last day. the last single marking his 3,400 career hit. he is the eighth player to reach

that milestone. jeter will start at shortstop for the american league in his 14th and final all-star game. baltimore which leads the a.l. east also leads all team with three selections. the center fielder adam jones and catcher matt wieters who won't participate due to injury. then the slugger nelson cruz who is vote a starter after serving a 50-game suspension after the steroids scandal. yasiel puig play in his first all-star appearance. players vote for the final roster spot on thursday. to wimbledon. >> oh, yeah. >> djokovic winning second title in five sets again federer yesterday. he takes over the number one player ranking and he kept it

classy. >> he is a magnificent champion and great example of a great athlete and role model for many kids, so i respect everything you've done and thank you for letting me win today. >> that was an amazing match. joe, i called you. i said get to a nevada now. my house was going crazy. >> yeah. that has never happened. that's the first time it ever happened where you're actually doing what other americans are doing and you're watching something like wimbledon. i turned it on. it was a remarkable match and, boy, i tell you what, federer came back and he missed the slam and then service was broken. what a fantastic match. it had to be one of the best finals in wimbledon history. >> yeah, it was. i felt sick to my stomach. i wanted federer to win. i did. i was heart broken. >> joe, i don't know if you were listening earlier.

mika was gotten on the u.s. band wagon and watching tv. i think it's great, joe. >> not only do you think it's great. you have to be in the country long enough to act like that. for some reason, she decided not to spend the fourth of july in mond monaco. i was shocked when she called me up and was talking about something other than, you know, opera or theater. >> they is going to a blimpie's today after the show. >> i won't do that. up next, hillary clinton is moving away from the obama administration to get closer to the white house, but will it work? plus, a 54 recalls later, is there anything gm can do to save face? it's time for another strategy session with donny deutsche. this is what you do, donny. >> i fail miserably.

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♪ okay, joe, this morning, donny is going to hold what we are calling a strategy session on how to turn some brands around that are facing, let's just say, messaging problems. joe, we like clarify that this is not, you know, what is the right thing to do. >> right. >> often. what donny specializes in is what you do that wins, whether or not it's the right thing to do, right? >> it's kind of like when "time" magazine picks hitler the man of the year. they are not saying he was the best. >> right. >> no, sir moral advice but this

is just how to -- let's talk about some of the companies that -- donny, start with a company you used to work with, general motors. they recalled a zillion cars the past week. it keeps getting worse and worse. what in the world would you do for general motors? >> two words. her name is mary barra. the fact that they have a female ceo for a car company which is ground breaking in this country. she should come out at some point as the face of gm in a corporate campaign. this is the new gm. i'm in charge. i think that there is a subtext, that there is a woman there that is amazingly positive. >> a mom. >> i was going to say mom is in charge here. i won't use those words but i'm glad you did. i don't know her personally and don't know her style. i think that could go a long way. >> i'm just curious. do you say guys screwed this -- sort of with a nod and a wink some in of the good old boys screwed this company up? you know what?

it's a new gm now. mom is on board. >> i have kids. imagine a ceo coming on. i took over this company and i have children and we are now going to become the safest company. i see that campaign and they should do that. it will be brilliant. >> this is what i meant. the president has faced criticism over his handling of foreign policy matters from benghazi to baghdad to the handling of syria, ukraine, you name it. so what is the playbook for his foreign policy team trying to sort of brand it as effective? and show that we actually are a leader in the world as opposed to losing our reputation, which so many critics say is happening. >> not only the critics. let me say also, you look at the numbers, and the president's foreign policy numbers are dragging down his entire approval rating. right now, the pollsters would be saying it's a disastrous

foreign policy just illegpoliti. what does he do? >> air strike isis at some point. andrea was talking about this earlier. this is the scariest thing we have come. i'm not saying to do it for political reasons but in this most frightening of times lies the figs foreign policy opportunity. he at some point has to man up there. >> i have one more. this is on politics as well. one of the people who helped craft the foreign policy, former secretary of state hillary clinton. so, today, "wall street journal" is reporting that hillary clinton has begun to distance herself from president obama sounding more downbeat with the state of the u.s. economy and taking a stauncher stance on global crises. how do think she plays her relationship with the president if she has eyes on the presidency herself? also, there were strange reports

about the president supporting elizabeth warren over the weekend. did you see that? >> i think as opposed to sheryl sandberg leaning in, she has to lean out. in a subtle way. i think the best news for her would be if obama got behind elizabeth warren and give her a chance to separate. she needs to -- this also goes to the clinton fatigue thing. she needs to somehow say there is a fresh page here. one of the ways to do it is to say, you know, without in an overt way, but i'm moving away. kind of own some of the positives. own the good part of health care reform. own some of the positive things that have happened. own the 6% unemployment rate but, at the same time, step away. my answer is step away from the president. >> the only thing, joe, with hillary clinton, it looks like everything is so planned politically. wouldn't that be the same thing? >> well, i don't know. it might actually make her seem a little less tired as far as a brand goes. clinton brand.

if she were actually attacking people inside of her own party. the president's poll numbers are low. when she runs not like al gore running in 2000 and not running in support of a democratic president with a 60% plus approval rating. barack obama numbers keep going lower and lower. a balancing act and you don't want to anger the base but you want to pick and choose some issues to separate yourself from an administration six years in seems to be tired and have very few answers. i agree with donny. >> donny deutch, his strategy session. not the right thing but what would work? >> slimy thing. >> but that is the way the world goes round in a lot of circles especially at the top of the economic spectrum, if i may. coming up, a bear, a jug, and a backhoe. we will explain what happened here when "morning joe" comes right back. ♪

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this is a story you got to see before you head out the door. animal rescue story out of rural wisconsin. one bear gets his head stuck in a jug. >> i hate it when that happens!

>> look at him move. look at that! >> so cute! >> he runs away. a bear cub rescued by a lumberjack, we haven't seen that before. apparently not honey in the jug, just milk. >> that is brilliant. still ahead, europe now has the right to be forgotten. this is a fascinating story and i actually think there is so much more to come with it. so when will americans be able to have their histories erased by google, especially the ones that are incorrect and misleading and damaging? plus from corporate profits to unemployment. it appears the economy is on a strong path to recovery. we should all be celebrating, right? because everybody is happy. >> yes. >> when wages remain unchanged from before the collapse in 2008. think about that. is washington doing anything to provide relief to the middle class and the lower class? steve rattner and "fortune" magazine's lee gallagher will join us next on "morning joe."

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israeli police today announce the arrests of several israeli jews in the death of a palestinian teenager who was kidnapped and killed last week. >> he stepped out of a jail a brutally beaten on thursday. >> i was just with my cousin. i still can't believe he is dead. >> iraqi officials won't say for certain that the man in this video is abu al baghdadi.

his isis militant group made of extremists has been battling shiite forces. >> a projected 80,000 this year alone. >> what happens now? are you prepared to deport these children. >>? >> our board is not open to illegal mooi gra illegal migration and we will stem the tide. >> donny deutsche is still bus. joining the table we have steve rattner and lee gallagher. yes. wonderful to have you both with us today. "fortune" magazine's assistant editor. her issue is out in paperback. joe, good july fourth for you? >> it was very good. interesting july fourth without power. we had the candles lit up. what about you? how was your vacation? it was good.

i did some things that i've never done before. it was fun and we had lots of family time and, in fact, we had so much family time, i thought it should continue to both girls are working for me today. >> i got a little survey with carly and amelia. i said if we could change anything about mom, what would we do? as, joe, you spent many hours a day -- >> tell carly to turn around! stop it! >> carly! >> here is what they said. they said less nagging and please take the energy down. joe as her business partner would you confer on both of those critiques? >> mika is perfect. >> i'm perfect, steve. >> i'm old enough to know that is the correct answer. >> thank you. >> the girls, they look so cute, mika! >> they do. >> you kind of -- listen. you kind of smother them a little bit. you spend a little too much time with them. they are suffocated. they had a great time at the red sox game, huh?

>> they had a great time at the game and working here and i think there is a newsroom fight scene. i feel it coming on before the show is over! but did you -- >> i absolutely -- i absolutely love it. absolutely love it. >> did you guys go to the parade or anything fun? >> you know, a lot of things were called off because of the storm. i'm a very responsible parent, took the kids out to the beach as the hurricane was coming in. >> terrific. >> so i got a picture and i can't actually show my kids, but there was one shot from behind that i got. alex, do we have that picture that we can put up right now? they are still working on it. jack and kate. >> i saw it on a twitter. >> then we came home and the power was out and it was actually a pretty cool fourth of july. we lit candles and everybody was reading books. >> nice. >> somebody said, hey, celebrate it just like the founders, except there were no british

people shooting at us. >> true. >> so it was a great weekend. >> joe, there was plenty of electricity on martha's vineyard. >> here we go. >> that's because you have a generator that would run lower manhattan attached to your house. >> actually, my generator was broken. end star came through for us. >> your generator broke? did you know steve had a birthday? >> thank you. >> happy birthday, rattner. >> i had a birthday. thank you. let me get to the news. a lot to get to this morning. iraqi officials are analyzing a video that claims to show the elusive leader of the terror group isis delivering a sermon on friday. he calls on muslims to pledge allegiance to him what he calls a new islamic state territories seized in iraq and syria. administration officials are confident to stem the tide of undocumented immigrants into the country. tens of thousands people, often children overwhelming the u.s.

government which is struggling to keep up with the arrivals. analysis by "the washington post" shows the nsa intercepted information of thousands of people even though it had nothing to do with the agency agency investigation. according to the post surveillance measures helped capture two suspected bombmakers in the middle east and swept up the private messages of everyday americans, much of it deeply personal. the tsa says travelers at some international airports will be required to turn on devices such as cell phones and laptops. devices that do not power up will not be allowed on u.s.-bound planes. officials are concerned al qaeda may have developed new bombs that could avoid detection. joe? >> yeah. i wanted to go back to that isis story. donny talked about it earlier, it's such a serious situation. we have had so many things blowing up across the globe when it comes to foreign policy, but nothing, nothing is as critical as figuring out an answer to

this. we americans, we look at a news story for a day or two and then we forget about it. this crisis in iraq, this new islamic terror state that is being launched in the heart of the middle east is one of the great challenges, i think not only of this president's administration, but over the past 15, 20 years. it is not an option to have a terror state in the middle east that is growing like this. destabilizing it, any more than an option for iran having nuclear weapons. i don't know. steve rattner, what does the obama administration do? obviously, we can't go it alone, but we also can't kit ssit back allow isis to take up more territory than jordan. >> no. it's probably the most difficult foreign policy problem obama has had to face in so many ways, because there are no great

solutions. isis -- look. a lot of stuff we could of, would of, should of done and we have to deal with the world now and isis is controlled and deeply embedded in a broad swath of northern syria and western iraq, and i don't see how we will get them out of there. i think the best we maybe hope for is some kind of a coalition government in iraq that actually functions. maliki being gone, of course. and some kind of uneasy piece among the three major factions there. the idea of, i think, rolling back the clock and turning syria and iraq and turkey into the same countries they were before, just i don't think it's going to happen. >> so we are going to take a look now at the other domestic story that we have been looking at the past hour or so and it has to do with the economy. you both bring something to the table that adds to this conversation, steve and leigh. the headlines the past three days, the dow, the jobs report last friday, the american economy seems to be on track

again and so many positives to talk about. the latest jobs report showed a gain of 288,000 jobs and we are on the best stretch of job growth in almost a decade. look at the markets. they are back to setting records. isn't this nice? the dow opening above 17,000 this morning. corporate profits, housing markets also up as well. what is to be upset about? wage growth. we could start there, right, steve? struggling year after year. it's stuck at 2%. most of the job growth has been within sectors that have lower salaries. first, steve, let's get some charts out and take a look at profits and income because we have talked about this before. there hasn't been a lot of growth in the amount of money people bring in since before lehman collapsed. that is crazy. >> what characterized this recession unfortunately is the gains have gone to corporate profits and not the workers. can you illustrate it with a simple chart that goes back and

track corporate processes since before the recession began in 2008. matches that up with wages. red line are corporate profits. the blue line are wages. you can see that corporate profits are up by 35% over this period, this ruffle five, six-year period almost. wages only up 5.3%. this is before inflation. the average worker has gotten an increase over six-year period of 5.3% and has to deal with inflation. >> here is my question. so many experts come to the table here, especially those who are against raising the minimum wage, but they tell me they can't increase wages and, donnie, you pointed out last hour, it's not what they do and not what they are wired to do. okay. i don't really xep thaccept tha. what can be done to bring wages up so the consumer confidence goes up and we don't have a

stock market bubble? >> two things. companies that trade mostly in the u.s., fresh services companies, retail companies and people like that you can raise wages and have higher minimum wage. >> you can? it's not hard? you can't be driven by uncertainty and keep them down? >> you have higher wages. it gets more implicated is wages have to be competitive. we can do stuff like that. the real way to get wages up, in effect, what the fed is trying to engineer which is lower unemployment, puts more pressure on wages. employers need to higher people and if there are more people, they pay more so that is the way wages have not gone up. >> you talk about wages, steve. those aren't average wages, are they? they total wages as far as taken as an aggregate of all workers? >> those are average wages, i believe. >> because my question is this. i know we continue to have less

participation in the job market. are we having with the separation of the two lines corporations continuing to make bigger profits? there we go. but just not hiring back the people they would have hired back before, because of technology? >> well, because of technology and also because of globalization. the fact that companies can move labor wherever they want in the world and do. look at the automobile industry where unemployment is rising sharply in mexico and it's rising sharply in asian and places like that but not as sharply here. one set of problems there. the other set of problems because companies can get their labor anywhere they can pay people less and what is happening with wages. these are the average wages. the average american today, after you adjust for inflation is where he or she started six years ago. they have gotten nothing out of this economic recovery. personally i think that plays a

meaningful role in barack obama 40% approval rating. >> another thing i think has happened here is so much of our economy is now tied to things like financial services represents a much greater share of the economy than manufacturing long ago. the fortunes of the people running the companies and of the economy are no longer tied so directly to the middle class and that is partially because of globalization and productivity and all of these things, but it's also because our economy has shifted a little bit. that is a seismic change. >> we will look at also stuff happening abroad with taxes. as you take a look at declining corporate tax rates, steve, in your second chart. >> what is happening in this country is companies have found a way to manage their tax rates lower and lower and pay less and less of their share into the u.s. treasury. and they have done it through a whole bunch of ways. fortune has a great piece this week, which leigh will talk about, i'm sure, about companies

moving their business, their entities completely offshore and escaping u.s. tax. before that, many other things they can do in terms of the way they sell different products internally within the company from one side of the company so the other side of the company to direct their profits to low tax countries like ireland which taxes 12.5%, versus the u.s. which has a statutory rate of 5%. you can see on the chart here the tax rate has gone down steadily since after the war but as recently as the early 1990s, companies were paying over 0%. at the moment they are paying 15%. >> that's -- joe, jump? >> steve, didn't i read an op-ed that you wrote for on "the new york times" saying you wanted to get rid of the corporate tax for american corporations? >> you have such a good memory, joe. i did write that op-ed but not believe i think corporations should pay a lot of taxes. i think in a global system which companies will talk as leigh will talk about and move anywhere in the world they want

with a lower tax rate, trying to pin them into the u.s. is a futile exercise. i would like to tax them every bit at much and tax them at the shareholder level who can't escape the u.s. as easily. whoever with a huge portfolio should be taxed more on that portfolio but we will keep cutting our tax rate to match ireland and england. it isn't going to work. >> go ahead, joe, then i will jump in. >> no. i was just going to say, though, shouldn't they pay a price for operating in the united states of america? we have got the best universities on the planet. we have got the most productive work force on the planet. we have got the greatest innovation on the planet. why should they get a free ride? >> well, they do pay -- these companies that operate in the u.s. do pay u.s. tax, even foreign companies do on their u.s. operations. because they pay lower taxes at home they find ways to gain the amount of tax they pay to the u.s. treasury and keep it low and pay a low rate at home.

what you have is a worldwide race to the bottom where everybody is trying to offer a freebie to these companies to come locate a few jobs there. and the only way to stop it, the reason i said maybe we should get rid of it the only other way to stop this would be for every country in the world to get together and say, we are not allowing countries to gain tax any more. >> that will not happen. mika, my comment, we have a higher corporate rate tax. my comment to steve regard his that we get rid of the corporate rate tax. he is such a capitalist, it offends me. >> expensive. >> i'm trying to tax us capitalism more, believe it or not, not more, but less. >> we will get into this. from your magazine, leigh, sheila bayer's piece. a century ago henry ford gave a huge boost to the american

middle class by more than doubling workers pay to $5 an hour. he wanted to address high turnover and absenteeism in the work force. boosting wages seems to be a no-brainer. to its credit the gap said it was raising the minimum wage. some states and cities have. she finishes by saying it would be far better for companies to take the initiative, donny, based on their own enlightened self-interest. market based conservatives might oppose the minimum wage but applaud companies for sound business reasons decide to better reward workers. i mean, it's not just me. >> he also saw his employee as a customer and also a revolutionary thing back then in addition to thinking they will work harder if they are paid better. >> one of my successes in my business was i found the best people and i paid them great. so as a business -- what i'm

saying to you, though, you can't implore a moral imperative on corporate ceos to say it is their job to do that, it is their job to manage. the bottom line, sometimes managing to a bottom line means paying workers more but that is discriminatory. >> an article this weekend about three small fast food chains in the midwest pay more because it's better for their business and better workers and more motivated. that piece there is in a different century and not the way the world works today. >> wow. >> with we just -- oh. >> i'm just going to take that and move on. we will have sheila on, steve, and you guys can talk. >> i would welcome it. >> wow. >> i think she might have been good if she had things to shaper about the financial crisis had been taken seriously. in the new issue of "fortune" magazine -- >> we will discuss that. >> rattner is out of control today, joe.

>> the cover story of "fortune" people are moving their headquarters overseas to dodge billions of taxes. leigh? >> this takes what we were talking about and goes way further. steve was referring to and we know about the companies that siphon taxes to foreign locales like apple and ge but this is not about that. this is about companies reincorporating overseas so they are no longer officially headquartered in the u.s. and the writer allen sloan who is fantastic, really has taken a tremendous issue with this. he calls them deserters so his point, to get back to what joe was saying, these are companies that are benefiting from all of the benefits being in america are rich and deep financial markets and our infrastructure, our research, our military. in some cases i mean, we have an example here of carnival cruise ship caught on fire and the u.s. coast guard had to go rescue it

and they reimbursed that money but that company is headquartered in panama and the uk. this is sort of completely un-american, allen, is saying and how with you reincorporate elsewhere and withdraw from the resources? >> are the numbers of companies doing this growing? >> it's growing and reason to believe it's going to grow more. 28 of the s&p 500 are nonamerican companies. the s&p used to say you can't be part of the s&p if you do this. now they have had that is okay because they don't want a rival index to start. >> walgreens may become a european company. there is one a fix or a potential fix. because, right now, it's pretty easy to become an irish or british company. you only have to have 20% shareholders from that country. the obama administration has proposed raising that to 50% as well as tightening some other rules and congress, of course has done nothing. >> yeah. the chances of that passing are slim to none as we say in the

story. some of these ceos have publicly said we need a strong fiscal u.s., if not we won't be a sustainable country and they are the ones headquartered overseas. it's just completely -- >> extremely expensive to try and come back. >> it is. the difference is huge tax-wise. that is why we are doing it but we can't do a race to the bottom, as steve says. it's really big problem and it's only going to shrink the respect for corporate america, i think, that we have in this country. so i think it's something that really has to be dealt with and we say so in this story. >> "positively un-american" cover story of "fortune" thank you, leigh, very much. he has the ability to teach two of the powerful men in america. what were president obama and chief justice john roberts like as students? harvard law professor laurence tribe joinship joins us in a little bit. google begins the process of allowing people to excess their so-called right to be forgotten.

how that could impact your internet experience next on "morning joe." ♪

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♪ all right. we are going to talk about the right to be publish or forgotten. a heated debate under way with the implications of google's decision to imply with a european court's ruling to remove links to certain articles and joining us now "the new york times" reporter who has been covering this issue for the paper. it's really complicated. i feel like this ruling could open up a huge can of worms for google. >> it is. >> explain the rule. >> the rule is that basically in europe, not necessarily in the united states, you have a right to be forgotten. the right to no -- something you did a long time ago not be the first thing people say about you

when they meet you online or through a search. a problem had a tax problem 20 years ago and they were resolved. he is saying when someone searches my name is that the first thing they see about me? >> what about someone accused of something and it wasn't true and it becomes the first thing that comes up? you're talking about what comes up on the page when you google, like, i'm googling myself. >> everyone does. >> it has -- it hasn't -- it's got things on that i wouldn't consider my latest or greatest adventures in life. and twitter legs comes up in the search. >> the prop also is another case it can be self-fulfilling and prejudicial. the court in europe said you have to respect people's right to want to control what people see about them online and google is such the way that everyone kind of accesses the world. like, accesses when they meet people, you google dates and you google yourself. in that sense it's important.

what happened last week is google tried to imply with this rule and said, look, if people are private citizens and have an issue about themselves and that that is object security or not relevant or long time ago was corrected, you should fix it and google tried to fix it and it became another big can of worms. it looked like new sites were being secensured. >> donny wired his. i'm serious. i googled donny. you wouldn't believe it. >> they put prompts on the first thing you see is girlfriend. >> it's actually donny ad man to mayor and turn tv host. >> he totally fixed it. what is the possibility of this coming to america where the more prejudicial and slanderous things that come up in a search would actually, this would come to america? >> i don't think it will come to

america because america has a much stronger tradition of freedom of speech and prefrpres >> is google the press? i'm sorry. i'm confused. >> that is the issue. >> i don't think it's the press. i think it's a search engine. >> that's what google would say but to people who really feel that google is kind of in essence publishing a sentence about you. >> if it's the press and freedom of the press laws and morals imply to what makes google perhaps behave the way here in america i think they have to change everything and all of their searches are illegitimate for some people and pertain to things that nothing to do with their relate reality or what is true about them. >> are you saying they are a publisher? >> you tell me. >> i think in a lot of ways this decision in europe viewed it that way. >> do you think it's a business

model used in this country? i think certain people would pay to have their search engines changed. >> certainly. it's called reputation. of course, the people who are doing a lot of the filing in europe are these reputation consultants and trying to help -- i was saying one of them told me they are able to affect those prompts. >> over the next ten years, the regulation of search is going to be a major thing. can you imagine if a tv network was running a research project on mood changes in youyour homed you don't know about it? that is what facebook did a couple of weeks ago. we got to get our arms around this story. >> there is something wrong. i got to tell you. >> people are pointing out facebook also affected the voting turnout like they did in a study as well in a generic way saying if you tell your friends to vote and people will vote more. that is a huge power to encourage people to vote and facebook said they wouldn't use that power. they control so much of how we access the world. >> i talked to people high up in

google about this issue and it's explained to a point and then it's, like, they kind of know that there is kind of an issue, i think there is a legal case that is coming with this. i don't think it's going to not come to america. i really don't. >> i think it will. >> try and look at -- you wait until you have -- >> it's amazing. you watch one series and watch one tennis match and you are the spokesperson for all that is america. amazing. >> i just did this on the air area horrified what is coming up here. thank you so much. fascinating issue. >> yes. coming up, it's been called a special relationship. did the economic legacies of prime minister tony blair and president bill clinton fail the global economy? "morning joe" returns in just a moment.

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about the way your wealth is managed? wealth management at charles schwab. he gets a ready for you alert the second his room is ready. when sales rep steve hatfield books at laquinta.com, so he knows exactly when he can prep for his presentation. and when steve is perfectly prepped, ya know what he brings? and that's how you'll increase market share. any questions? can i get an "a", steve? yes! three a's! amazing sales! he brings his a-game! la quinta inns and suites is ready for you, so you'll be ready for business. the ready for you alert, only at laquinta.com! la quinta! since robert taira openedsion king's hhis first bakeryd, in a small hawaiian town. making bread so good, that people bought two loaves one to take home, and one to eat on the way. so good, they grew from here. to here. to here. but to grow again, to the east coast

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joining the table we have uk shadow chancellor and co-chair of the inclusive prosper ist

commissione joins the table. good to see you ed ball. joe, ed is in the house. >> ed, what am i going to do with your team england? every four years! i cheer for the united states and then i cheer for england. you guys got me down to cheering for the dutch now. every four years, you guys don't look like you invented the game and look like you picked it up last week like on a side lot downtown. what is wrong with england? >> we won the world cup in 1966 and we are trying. i have to say i thought the u.s. were superb in the world cup, especially in that game against belgium. tim howard was monumental. clint dempsey was superb. we were all cheering on america and thought you were brilliant in the world cup. >> thank you so much. i will return the compliment by saying you guys could be brilliant too but i think you have to fire your coach. are you going to fire roy

hodgeson? >> i think the players aren't yet good enough. what are you doing with this buy luis suarez? he keeps biting. you have to sell him to the spanish. >> i think we will make a lot of money off him and get people that don't bite. so the economy. we have been talking about problems in the united states with our economy. obviously, it's a global problem as well. wages are flat. more and more americans are falling further and further behind. it's a problem you're also having in the uk. tell us about it. >> ed is in town for a meeting of the prosper ist commission which you co-chair with larry summers? >> i do. >> a scene i would like to see. this is like a common problem. not just in britain and america but across europe and other parts of the world as well. what we're having is our economies are growing finally after the mid session but living standards aren't rising for most people.

we are creating unskilled jobs. if you got a really good education and you're high skilled you can do well but lots of people in the middle feeling squeezed and living standards going down and hollowing out of middle income jobs. unless we find a way to persuade people, the danger you see the kind of thing we had in europe in the last few weeks you see the rise of populace anti-trade and that is dangerous. >> for years on this show we talked about has only gotten worse between the rich and poor in america. when you talk about addressing this problem, i would love to hear what the solutions are. what also can be done before solutions are put in place? because this will take time. we have been talking about wages here and i feel a little outnumbered because most say that those have to stay the way they are. it doesn't make sense to me. what can be done in the meantime? >> things which we have done over the last 20 years, like,

the minimum wage and the income tax credit in america which we copied in britain 20 years ago. we call it tax credits. to try to make sure people without skills still get a fair chance to work without being in poverty. in the end you got to have economies which don't just create jobs, but create more good jobs on higher skills and you got to have people who are quick to move up and take over those higher skilled jobs. i think in our country certainly, we have done well in terms of university education. >> right. >> the kind of technical kills for people aren't going to a university but need to do higher skilled work we are weak at that and that is a big problem now. that is where we need to do better in the future. >> earlier on, we were going through a very u.s. depressing survey about our view of the future. >> and ten years from now. >> the malaise that we are in. everything, are you going to do better, on and on. if we did that same survey in the uk, would it be equally as

bleak? >> at the moment, yes. the incomes of people in the middle haven't risen for ten years and in our most recent elections we had the rise of a party called the uk independent party who came top of the poll in the european elections and anti-europe and anti-trade and reactiona reactionary. i think we have to show people we will not get on that road and but if you simply stand back and go for the free market approach that is not working either. what are the policies which allow us to stay ahead of the game? >> the self-esteem of the brits today, is it at a low? >> i think it's recovering after the financial global crisis but what people say all the time, well, look. finally the economy may be growing but things aren't improving for me or for our family or or community, why can't we share in this and why are we left out? sf y if you leave people feeling

excluded that is a bad thing. we have a commission people on it from germany and sweden and britain and the united states. it's happening in every developed country and it's more about technology than trade. >> i would love to hear what comes out of that meeting. thank you for being on today. always good to see you. >> thank you, mika. up next he has the recognition of teaching. laurence tribe is here with his look at the relationship between the roberts court and the obama administration. we will be right back. ♪

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judges are like umpires. umpires don't make the rules. they apply them. the role of an umpire and a judge is critical. they make sure everybody plays by the rules, but it is a limited role. nobody ever ent went to a ball to see the umpire. >> that is then judge roberts who was before the senate judiciary committee before his nomination way back in 2005. with us is at constitutional law professor harvard university laurence tribe. thank you for being with us, lawrence. >> good to be here. >> i want to read awe quote and have you comment on it. law professor jonathan turley called last week's hobby lobby ruling saying this. quote. this has been an awful ten days. the obama administration was previously found to be in violation of a fourth amendment

and privacy and found to be in violation of the separation of powers and now they have been found to be in violation of the first amendment and the religion clauses. i mean, you just don't want to get out of bed after a week like that. it has been a rough stretch, hasn't it, in this battle between supreme court and the white house? >> it has been. the president and the administration have lost some 9-0 rulings and it wasn't a first amendment decision, hobby lobby, about an act of congress, but the bottom line is that the administration, unlike the position it took with the defensive marriage act, decided to defend, in some cases, what proved to be the indefensible and the probroberts court, i th quite correctly made unanimous decisions that went against the court. i didn't agree with all of them but the key point isn't whether you agree or disagree but it's to understand the stuff and you understand it better if you

don't make sort of caricatures out of the justices. >> right. professor, had you -- obviously, you taught president obama. you also taught chief justice john roberts. you talk about some of those 9-0 rulings. obviously, this president has done some things over the past five or six years that have concerned even progressives. are you surprised by some of the decisions he's made over the past four or five years that have ended up in 9-0 rulings against him? >> actually, not very surprised. he is a pragmatist. he is not particularly a liberal and, on some issues, he is quite conservative. i think he has stretched the law in a number of areas with respect to privacy. the most important chapter in our book probably and the most important ruling of the recent term is one that we are going to remember ten, 20, 30 years from now and that is the decision about cell phone privacy. the court has really entered the

digital age. that is going to be more important than, oh, abortion buffer zones and a number of other decisions. >> professor, i want you to get into on the book and talk about more about the roberts court. i have to ask you, though, how surprised you were, and what it tells you about your other student, john roberts, that one decision he'll probably be most remembered for was the one that outraged conservatives who had held him for so long when he upheld the affordable care act. >> right. actually, that was one where i had gone on this channel before the oral argument and after, predicting that roberts would cast the decisive vote upholding the affordable care act on the basis of the taxing power and a number of guys, i think rush limbaugh said i'm in a looney bin at harvard and other people said he is already in a looney bin. >> exactly.

interesting. i want to have meacham jump in. do you remember roberts and obama as students? >> obama was my main research assistant for three years so he was unforgettable. i remember b he was brilliant but he didn't do any research for me. he was in a large class. i didn't get to know him as well. i certainly remember him. >> obvious question. when you saw obama back there, were you like, this is presidential timber? >> i didn't see any limit to what he could achieve. i had no idea that it would be the presidency. i thought that this was a guy of enormous brilliance, ambition. he saw all sides of every issue. maybe too many sides occasionally. great charisma. he got along with people. i had no idea he would have the difficulties that he's had with congress. nobody could have predicted that. i certainly predicted he would be unforgettable and he certainly was. >> you're a student of this more

so than anybody else. how would you rank the roberts' court activism impact so far compared to the other three? >> impact has been enormous. probably not equal to brown v. court. probably not equal to roe v. wade. i wouldn't use the term activism because that's in the eye of the beholder. most of what i try to do in this book is get past all of those sort of bumper sticker labels and do it in a way that people would find interesting and would learn from. but i do think that all of these attempts to say that the court is growing more or less activists, leaning right, leaning left, look at the surprising unanimous decisions, look at the 5-4s. the easy stuff for journalists to say and who can blame them?

they have a lot of other stuff to cover. i think if you care about the impact of this court on your life and it has huge impact on your sex life, on your privacy, on your voting rights, then you ought to read something like this. >> i want to go back to one thing the professor said. one of the most telling things i ever heard on this show. it's kind of the secret sauce about why obama is having problems as a leader. he sees too many sides to a story. obviously on one hand you say that's what makes a great leader but a great leader sometimes has a blind focus and that was a tremendous, tremendous bit of information. >> he would make a great judge. they ought to see every side of everything. >> not necessarily what makes a good lepresident. >> thank you for being on the show. smokers are under more scrutiny than ever before. >> good. >> i know. wait, do we agree? >> i don't agree with what it is

but i agree with getting smokers. >> employers are asking workers to give up tobacco products. what do you think of that? i kind of like it. >> it's not about idea. tobacco products are causing a lot of health problems. >> we'll explain why companies are doing this and perhaps the controversy ensuing. plus, the steamy love letters one former president wrote to his mistress. we'll tell you which commander in chief was set aflame by a love -- what? set aflame. okay. i'm not sure i want to read this. before there was twitter and facebook. we'll be back with that story.

still ahead, redefining the american dream and the minimum salary one study says is needed to achieve that success. also, the head of isis makes a rare on camera appearance. what it means for the crisis in iraq and why people are talking about his expensive watch. a frightening scene at one airport where two planes nearly collide. we'll tell you where it hatchppd and that was the less scary of near misses we have to show you. both amazing videos ahead when "morning joe" returns.

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♪ it's 8:00 a.m. on the east coast and 5:00 a.m. on the west coast as we take a live look at new york city. with us on set, we've got john meacham, johnny deutch, thomas roberts and andrea mitchell in washington. do you make enough to achieve the american dream? analysis from "usa today" shows the average family of four would need a six-figure salary to live

the dream. for the essentials including housing, transportation, food, clothing and medical, the paper estimates a family of four would need $58,000 to cover those costs. for extras defined as family vacations, going out to restaurants, cable, cell phones, et cetera, 17 grand should be enough to splurge and to cover taxes and savings including federal, state and local taxes and college savings and retirement, that cost, nearly $55,000. when you add them all up, that brings the grand total to live the american dream, basics of it, to $130,357. according to "usa today," only one in eight u.s. households made that last year. and the census bureau estimates the medium income for a family of four in 2013, just $76,000. a lot of issues here. first of all, not enough people even close to where we need to be. while you have wall street

booming, while you have corporate profits doing quite well, while you have jobs numbers showing that more people are getting hired but wages are way down. this is something that we have not been able in two administrations, a white house trying to help the middle class, incapable of making the meter move here. anyone want to chime in? >> political, economic and cultural significance. it's one of the biggest stories of our time. it's hard to get your brain around it except when you see numbers like this. the term itself, the american dream, defined the way we do is that everyone should rise according to their ability only comes from the 1930s. it was 1931. historian named adams coined it. it was in a time of economic stress and he was writing about enduring the troubles in order to continue to create a culture in which you can prosper according to your work.

and bill clinton was elected 25 years ago now or so, 22 years ago, saying if you play by the rules, if you do the work, then you should prosper. and that promise is central to the country and central to our politics. >> this study and this data adds to data we've looked at over the past year, two years even, where you got young people not doing as well as their parents and next generation doing worse and doing worse. a decline that we haven't seen at least in our lifetimes. there has always been progression. the question i have for you is what keeps companies that are prospering from lifting people up? i know i've got very clear ideas about the minimum wage. >> there's a simple answer. first of all, we got to stop using the word economy. there are two economies. there's the economy with 17,000 dow and 6% unemployment. >> with less people investing than ever before. >> there's wall street economy and main street economy. in answering that question, you don't join it.

if you are a shareholder in walmart and when you invest in walmart as an owner technically and where you are going to make your money as a shareholder is quarterly numbers and unfortunately it is not an imperative for these companies. they are playing for their shareholde shareholders. that's the business they're in. the answer to your question is the free market is not going to allow -- actually nor should it allow -- for companies to say -- it's companies jobs to make profits for shareholders. that's a harsh reality of capitalism. and so it's got to come from other places. that's just what it is. >> i want to move to other big foreign policy into the weekend and bring andrea into the conversation. the terror group isis put out a video that claims to show its elusive leader delivering a sermon at the great mosque in mosul on friday.

the 42 year old controls a new islamic state covering territories seized in iraq and syria. nbc news has not independently verified the video but security experts say it appears legitimate and underscores the type grip extremists have on the region and violence meanwhile continues with a new bombing in baghdad yesterday leaving at least four people dead. the country's prime minister is vowing to stamp out the militant advance but he lost support over the weekend of an influential cleric who is now pushing for a new leader to emerge. that's one of the controversies surrounding iraq. andrea mitchell, this video, tell us in a view from 20,000 feet how important this is and frightening, i think. >> it's frightening. it's important. and it is extraordinary because you never saw osama bin laden or any of the other top al qaeda leaders doing this coming out in public and having the gall and

the guts really to stand in the main mosque in mosul to show that he controls the territory, that he's not afraid to be out in public, and to also be declaring -- he doesn't have a religious background but to declare that he's the religious leader. he was making claim to something that was rather offensive to a lot of potential followers. that said, he's got the military muscle. they're not only taking ground like mosul but they're holding ground and for him to come out in public in the mosque where they cleared the mosque and let people in checking them for weapons as they came in and holding everyone there for ten minutes while he made a getaway, but that said, he is so flagrant about this that this is clearly a real challenge and the other thing is even though they have not advanced further towards baghdad, maliki dug in his heels over the weekend despite other

shiite leaders saying he has to get out. u.s. is pressuring as much as they can behind the scenes. other leaders say maliki has to go. so far he missed every deadline and refuse s to step aside. >> what are sources telling you about how seriously the security levels in washington are taking the questions about the caliphate. >> incredibly seriously. they know they have to strike against isis but first of all they do not think that the maliki forces can even run those russian jets, russian fighter jets that were supplied as a way of saying the u.s. are giving fighter jets. they are running a couple cessnas. that's what the air force is limited to. the u.s. doesn't want to get involved while maliki is there

while seeming to take sides and taking american air force and airpower to reaffirm maliki's status. they hope for a real government so they can then organize a real plan for air strikes along the syrian borderborder, try to get supply lines and get at isis before its too late. as long as maliki is there, they're afraid to do it. >> before we move on, this leader not only brazen with this video but loaded. >> the "post" dissecting the image of who this is and video of the sermon to showcase the watch that's on his right arm. they spoke to a manhattan watch maker saying it looks like it could be a rolex valued at 8 grand. >> this is isis ink. the difference here with 600 million, this is with a territory they own, this is al qaeda incorporated. that's the scary part here. >> okay.

andrea, another one for you happening overnight. benjamin netanyahu called the father of the palestinian teen burned to death in the apparent retaliation for murders of three israeli teens. netanyahu condemned the teen's murder and vowed to punish those responsible. six jewish suspects have been arrested in connection with the murder which sparked violent protests across the region. graphic video shows israeli police beating the 15-year-old florida cousin of the murdered palestinian teen during one of the protests last week. the boy's parents say he suffered a broken nose and chin and eye injuries and the video is edited and bias. the u.s. teen has not been charged with a crime. he's speaking out after spending four days in custody. >> i only remember the beginning because when they punched me a couple times i remember them punching me and after a couple punches i went unconscious. i'm blown away because i was

just with my cousin and i still remember his voice and i still can't believe he's dead. i feel like he just went somewhere and he's going to come back. i don't know what to say. i'm speechless. >> a nightmare. andrea mitchell, there are calls for kerry to jump in. what are we looking at in terms of helping or not helping or getting involved or not getting involved, trying to broker something or not at this point. >> so far the state department twice this weekend the spokesperson for the state department issued devastating statements criticizing israel for what happened. saying they want an investigation into. this is a boy from tampa, florida. this is an american citizen. and the u.s. doesn't get involved in what they consider internal israeli/palestinian issues until something like this happens. this is an american question. and they sent an officer right

away to try to get this kid out of detention. he's under house arrest. it's very clear -- he says he was just a bystander. the israelis are saying something else. you can see from the response from netanyahu who came out with his wife yesterday and decried what happened and they quickly arrested six israeli jews and they are concerned about another uprising and that this is a real flashpoint. >> i want to get to one other big issue brewing since we left town. the nation's immigration crisis which is sure to be a top issue for lawmakers returning to capitol hill this week. u.s. border guards are overwhelmed by a wave of undocumented immigrants, often children without parents flooding in texas and other crossing points. most are from honduras, el salvador and guatemala.

it means federal officials are forced to move immigrants elsewhere. that includes murrieta, california, where the mayor is defending his town's opposition to housing those children and families. several demonstrators were arrested. take a look at this. over the holiday weekend as they waited for buses with undocumented immigrants to arrive. they were screaming at them telling them to go home. they had a lot of fears about these people coming into their towns and their schools and living in their towns. mayor long says residents have legitimate concerns about a small town inheriting a national problem. i want to stop here for a second and just wonder what you at the table think of this. is this intolerance? is this wrong? are there legitimate concerns here? when we look at the numbers of people coming in, it's hard to talk about because these are human beings and many of them are children and mothers and

mothers with babies. and in some ways i can't believe this is our country with people acting like this. at the same time, we don't live there. anyone want to jump in? >> i do. one word. children. children. >> what? >> you can put numbers -- i wish they would tell the story of one 4-year-old girl or 6-year-old boy or 9-year-old girl and her mother and what they would have to go back to in honduras and call it immigration, call it what you want. we are a country that hopefully does the right thing and these are children that are leaving abused areas. we talked about the american dream earlier. >> i completely agree with you. >> all bets are off when it comes to kids for me. period. end of story. >> a lot of times kids are coming with groups of teenagers and older children and young adults and there are legitimate problems that are infiltrating these communities and fears and even some dangers. i say that carefully.

go ahead, andrea. >> they are only brought there for detention center to then go into a court proceeding to either be bussed some place or flown some place if they have a relative in the states. they're not sayi ining in murri. there were protesters that came out a day later. stephanie has been down in honduras and has shown the conditions, the murder of the gangs, and we should talk to the mexicans. the mexicans are letting them get across this shared border because of payoffs from the drug dealers and from the coyotes. the whole situation is disgraceful. >> homeland security secretary jeh johnson was grilled on "meet the press" about the 50,000 children who have entered the u.s. illegally since october. take a look at that. >> will most of these children that we have seen in this

desperate situation stay in america or will they are returned to their homes in central america? >> there's a deportation proceeding that is commenced against illegal migrants including children. >> i'm trying to get an answer to will most of them end up staying in your judgment? >> i think we need to find more efficient, effective ways to turn this tide around generally and we've already begun to do that. >> is it impractical to deport all of them that are here now? >> i'm saying that we dramatically reduced the amount of time for adults and we're in the process of doing that for the adults with the kids. >> he's having a hard time answering that as well which is sort of -- goes back to the question i was posing earlier. i don't think it's simple. republican congressman raul labrador is outraged by the crisis at the border. >> the administration needs to immediately deport these families and these children.

i know it sounds harsh. i know it sounds difficult. they're creating a crisis at this time that is actually going to harm these children. >> meanwhile, the u.s. government has released a series of public service announcements airing in south american countries which warn about the dangers of crossing the border illegally and texas republican governor rick perry is asking president obama to see firsthand the conditions at the border is accusing the president of not being concerned about the crisis. >> what has to be addressed is the security of the border. you know that. i know that. the president of the united states knows that. i don't believe he particularly cares whether or not the border of the united states is secure. when i have written a letter that is dated may of 2012, and i have yet to have a response from this administration, i will tell you they either are inept or don't care. and that is my position. >> so we have the governor there

talking about the letter that he's written to the obama administration dated may of 2012, jon, and we know president obama this week is scheduled to be in texas. he has fundraisers that are taking place on wednesday and thursday. one in dallas and then dnc in austin on wednesday and thursday. josh earnest saying he won't visit the border to take this in. what do you think optics of that will be on the back end of the president's trip to texas if he doesn't take that into account of what's going on just miles away is such a big national problem? >> yeah. it seems to me this has reached a level of political activity that a lot of folks have worried about. it's becoming uglier if that seemed possible because of the immediacy and number of people that mika was asking why the secretary was having a tough time answering the question that david gregory was answering. the answer is rick perry.

this is politically a very difficult issue. mostly on the republican right. and i think that the president should probably address it more forthrightly. >> still ahead, a new plan to rebuild america from the bottom up. how a team of 32 mbas are traveling to 26 cities to help dozens of entrepreneurs get their businesses on the right track. up next, will the u.s. be better off ten years from now than we are today? a new study flips the scripts on america's traditional views of the country. you're watching "morning joe." we'll be right back. i make a lot of purchases for my business. and i get a lot in return with ink plus from chase. like 50,000 bonus points when i spent $5,000

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♪ are you ready to look at the morning papers? >> absolutely. >> we'll start with "the wall street journal." tsa says flyers at unspecified international airports will now be required to turn on devices like cell phones and laptops, devices that do not turn on will not be allowed on planes. the new guidelines come after security was enhanced at airports in europe, africa and the middle east. intelligence officials say they are concerned that al qaeda may be trying to develop new bombs that could avoid detection at airports. >> "chicago tribune" reporting that more than 60 people were shot over the holiday weekend in the windy city leaving at least seven dead. five people were shot by police officers over a 36-hour period a

including a 16 year old accused of firing shots into the air. he was ordered to drop a weapon and when he didn't, they shot and killed him. the number of homicides is down from the first half of last year though the total number of shootings has gone up. >> let's go to "the los angeles times." a program is defending its position to release leaked video of oscar pistorius reenacting the night he killed his girlfriend. pistorius can be seen walking in a room without his prosthetic legs clenching his hand like he he's holding a gun. his defense team says the video was made for trial preparation and was illegally sold to the australian network. awful. a terrifying moment caught on camera when two planes nearly

collided at an airport in barcelona. this incident happened on saturday. the russian airline attempts to land as another is taxiing across the runway along the same path. thankfully the pilot aboard the plane about to land saw the other aircraft and was able to pull up and turn around. >> that is incredible. >> close call. >> the independence spectators at a recent air show got more than they bargained for. check this out. talk about a close call. an f-16 flew a little bit too close. look at the guy in the orange waving it in come on over here. wait a minute. that's a little close. my gosh. the excitement was quickly exchanged for panic and fear as the turkish aircraft approaching for landing flied a few feet over their heads literally. one spectator could be heard saying that was a bit close, wasn't it? >> the guy that's waving. >> that's not right.

>> amazing. >> we take a look at "the baltimore sun." a hiring policy is causing controversy. companies are requiring employees to prove that they do not smoke. it is required by companies like alaska airlines. more than 42 million americans smoke cigarettes. that's about 18% of the current population. testing for nicotine. >> i think it's a good idea. will i get laughed off the set? >> no one is more anti-smoker than me. we do have a constitution. i believe that's a dangerous -- >> don't you have a right to hire -- >> do you test people that only have four drinks a week or i won't hire you? it's a slippery slope. i myself like more than four drinks a week. >> i'm not pro-smoker. >> let me ask our next guest to make him feel really uncomfortable.

what will the country look like ten years from now from the focus of the brand new survey america looks to 2024 from the atlantic and aspen institute. let's look at the numbers they came up with. nearly two-thirds of americans are not convinced the country will be on the right track compared to just 35% who are. more than 40% are convinced the u.s. will no longer be the land of opportunity in ten years. 66% say the gap between the rich and the poor will expand even more in ten years. how is that possible? i guess it must be. less than 20% believe it will shrink. just three in ten americans say the country's standing in the world will improve more than two-thirds believe it will decline or not sure. 68% believe china will be a super power in ten years. that tops the united states and russia which many people predict will gain powerful status. more than two-thirds are not convinced the u.s. will be more unified in 2024 with 41%

convinced the country will be less unified. joining us to talk about the project, the worldwide chair and ceo of a communications firm. good to have you on this morning. >> it's interesting two decades if you think about it revolution and anti-smoking and you go back to what the workplace was like just 20 years ago. >> exactly. they smoked at work all the time. there's one area in the media world where that still happens all the time. >> where is that? >> at least five years ago -- i think it does in a few offices now in one of the oldest tv shows in america at cbs or most popular news programs ever, they smoke in their offices. it's unbelievable. okay. so look at this study and the outlook here that americans have. i was digging deeper into the numbers looking at how people view marriage and some of their

social lifestyle issues. it kind of points to a lack of trust in society and a lack of belief in some of the basic foundations that we grow on and as we started the show out, the american dream. >> it goes right to the american dream. this is something we've done with aspen and the atlantic for the last several years. this year because it's the 10th annual ideas festival last week, we wanted to look forward to 2024 and what americans think the world will be like then and america will be like then. we worked with our colleague mark penn from microsoft. think about this. we talked earlier about working hard and playing by the rules. only 30% of the people that we surveyed think that ten years from now if you work hard and play by the rules, you're going to get ahead. 45% say it won't make your life any better. >> that's why? the economy has not fared well for most americans.

>> people are pessimistic about the economy now and having a hard time imagining how it will be better. fundamental to the american dream has always been people believing that the future is going to be better than the past in america and there's not so much confidence about that. >> thank you so much. up next, a fresh take on what to do with your mba. how one graduate from harvard's big school plans to revitalize america one business at a time. keep it right here on "morning joe." nineteen years ago, we thought, "wow, how is there no way to tell the good from the bad?" so we gave people the power of the review. and now angie's list is revolutionizing local service again. you can easily buy and schedule services from top-rated providers. conveniently stay up to date on progress. and effortlessly turn your photos into finished projects with our snapfix app.

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>> sebastian runs grooming company. an innovative barber shop that recycles hair into compost to plant trees in some of the most blighted neighborhoods in the city. he welcomed us in for a team to recruit a new team and plug him into larger network of support. >> my perception is they would come in and tell me what to do. that wasn't really the case. they came in and asked me what we did and why we did it and how we did it. >> what happened that week didn't just change a business, it changed our lives forever. >> that was a look at one of the entrepreneurs helped by the

groundbreaking group, mba across america. this looks cool. is this your idea completely? >> three classmates and i in our first year of harvard business school were standing around at a dinner party and we say what are we going to do with our summers? we had this idea that we could use our degrees and our educations and the opportunities not just to make a buck but to make a difference. so we spent last summer driving 8,000 miles across the country. >> that sounds like fun. >> it was a lot of fun. we couldn't raise any money so we crowd funded. we couldn't get an rv so we drove two cars and named one r and the other one v. we saw this great opportunity to put the wind at the back of america's job creators and folks like sebastian and so now we're turning that journey into a movement. >> you have come across great characters along the way and

some great ideas. >> absolutely. so many folks think that the american dream is dead. >> you should have been here earlier. >> i heard you. everybody is depressed. everybody is cynical. i think that's because they look at washington or they're looking at the national newspapers like we have here. if you go to places like detroit or rural montana or tupelo, mississippi, you see folks who are on the front lines of change and i think it's our responsibility to help them in that effort. >> so when you look at the country, and we talk about pessimism about what millennials feel and how there may not be the practical strategy that some people have used to get ahead in the past, what are you hoping to accomplish by what you have set out to do and you guys have grown by leaps and bounds in just one year. >> for sure. >> where do you hope to take it from here? >> i think what we've got to do is three things. first, we have to create a

country where every entrepreneur in every community and not just chosen few that go to harvard or stanford, have support and resources that they need to thrive and create more jobs and change more lives. that's the first thing. the second thing we've got to do is create a generation of business leaders that sees themselves as a central force for progress in the world. not just thinking about profit but thinking about purpose. >> uh-huh. >> maybe with nice suits like don donny. >> your inspiration for this was you interned at a law firm you interned at lehman brothers, not for me. you got an inside look to inspire you to go out in effect. >> he didn't come back from hell with empty hands. i came back and saw that to be at lehman brothers the summer goes bankruptcy and to be in d.c. the first year of the obama administration and see how

quickly cynicism crept up. you start asking yourself, okay, where is change going to come from in america? it was at harvard business school i said, wait a second. what about folks in my generation, business leaders, what if we got involved and i think the results so far have changed lives. >> i want to tell everybody, i hope it's on youtube, your graduation speech was off the cuff 17-minute really, really brilliant. i challenge -- i ask any young person, go online and find the speech. it was a great talk. really was. >> thank you so much. >> i'm going to look at that. so when you went and left lehman and these other jobs that donny mentioned, what was when you say you don't leave hell empty handed, what were some of the problems in terms of the philosophy or the people or what struck you as something that you don't want for yourself? >> i think i was talking to someone the other day about what the new playbook going to be for

change. i think it's going to be a few things. one, i think it's going to be bottom up and not top down. we met with great entrepreneur in boulder last year and the hierarchy is dead but the network lives on. how do we move beyond hierarchies. that's the first part of the playbo playbook. second is purpose and not just profit. people in this generation want to make a difference. the playbook will have to show them how to do that. the third is we have to be entrepreneurial. the same sort of institutions and systems and approaches we used in the past might not work. doesn't mean we ought to be depressed. we ought to be excited for a new way. >> he's running for office. >> not happening. >> what do you think of minimum wage? >> first thing, you got to raise it. first thing i did my first job was working in d.c. at the center for american progress.

we helped launch a report which was awesome and the fact of the matter is that people have to be able to have a job that creates a life for themselves and for their family. >> they don't have that. most americans if you look at "usa today" study that we put out, most americans can't even get the basics of the american dream. i think dream is the wrong word. that should be the america experience. >> i think we've got to be careful. i'm not convinced that american dream is necessarily a material dream. right. >> that's why the word is wrong. >> material things are very often the lubricant so it's hard to separate those. >> i like that. >> basics of healthcare and trying to have a home. can't do it on minimum wage. casey gerald, thank you so much. visit later today for more with casey and the work being done by mba's across america.

>> i never go a day without afternoon mojo. >> we'll talk about his political aspirations. i swear to god this man is going to be something in national politics one day. maybe not now. >> i want to be your assistant. i want to be the guy that presses your suit. >> that's donny. >> that's a big job, casey. >> i see these two guys. >> they are very -- >> style section of the morning. >> they are very high maintenance. >> i can imagine. >> primping that goes on beyond the scenes. i put gel in his hair. we help each other. >> we'll leave it there. still ahead, mercedes-benz believes they have the truck of the future. why they say it could help make highways across the country safer next in business before the bell. >> he's not steering. >> none.

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with humira, remission is possible. analysis by "the washington post" reveals that the nsa intercepted personal information of thousands of people even though they had nothing to do with the agency's investigation. according to the "post" it helped capture two bombmakers in the middle east but netted hundreds of thousands of messages from every day americans much of it deeply personal. >> the text i sent to katie curic was a joke. >> i don't think she took it that way. katie is not happy with you. >> the "post" reports that 90% of the accounts turned out to be

by bystanders are nontargets. >> isn't that how you find a target? >> by searching? >> i got no problem. >> you know what, this is the world we live in. look at me. knock yourself out. that's fine. only way we'll get these guys. by the way -- >> won't stop you from bothering katie curic. >> you're obsessed. >> let's get to business before the bell. we have broken that benchmark above 17,000. how will we kick off markets today do you think? >> little in the way of economic data. that jobs report when i was with you on friday really supercharged this rally that we've already been seeing all year. just a string of record highs in s&p 500 and in the dow as you noted above 17,000. it's the first time we've ever seen the dow close above that point. it doesn't mean much except it's a psychological barrier. the question that people on the floor are asking is it enough? improving economy, the better stock market, to bring people into this market that have been

sitting on the sidelines burdened by the financial crisis. only half of america owns stock. retail investor, mom and pop investor has missed this valley which is going on six years now. the question is this enough to bring them? this week will be dominated by earnings which kick off on tuesday. the big ones start on friday with wells fargo. little in the way of economic data. everyone still digesting that better jobs report. 288,000 jobs created in the month of june. fifth month that we saw plus 200,000 jobs. a debate for you guys on how qualitative that actual report was and how the economy is doing right now. economists on wall street say pretty much it was an improvement. also want to point out we got a glimpse of the future today in germany. daimler, the parent company of mercedes unveiled its driverless truck. not set to hit the road until 2025. we're talking about a

tractor-trailer truck which could really change the face of driving when it comes to truck drivers. it could completely change their work. they can be on their ipad corresponding with customers while driving on the road. only barrier now is they have to go through legal ramifications, regulatory ramifications of putting this on the road. interesting. >> i think it solves the texting while driving problem. >> i'll use a quote that just came in hot from the booth. this show feels like a driverless truck sometimes. >> oh god. because it is. >> interesting "the new york times" piece on friday that s&p dropped u.s. steel for the 500. they don't have a threshold now. that says who we are as an economy right now. >> 17,000 is it a bubble? >> that's up for debate. people say if you look at valuations and how expensive

these stocks are versus the earnings that these companies are producing, we're at a four-year high but historically they're not out of line. people say it's not in a bubble. they do point to that. we'll get a better read. earnings do kick off and that's what it's about if we continue to see profit growth from these companies, that could propel the market. >> let's talk about google's ceo on what's in all of our futures potentially. >> part-time work was the headline. larry page was talking at a private equity conference. they just released video online. he was asked a very relevant question. talking about driverless cars. is technology displacing our jobs. he talked about the fact that why not just give two people part-time work instead of one full-time job. it may cost the company more. this is what richard branson is experimenting with at virgin america. he saw a future of perhaps fewer hours worked. part-time work instead of everyone just looking for work.

it's an interesting point given the fact on friday what we saw was more part-time workers. this is really a theme. part-time america. another million in june. >> didn't he also talk about robots? >> yes. taking our jobs. that continues to be a theme and worry. >> thank you so much. >> thank you. up next, a presidential love affair written in vivid detail. it's the big story we brought jon meacham in for this morning. it's dirty. it's all dirty. we'll be right back. kid: hey dad, who was that man? dad: he's our broker. he helps look after all our money. kid: do you pay him? dad: of course. kid: how much? dad: i don't know exactly. kid: what if you're not happy? does he have to pay you back? dad: nope. kid: why not?

dad: it doesn't work that way. kid: why not? vo: are you asking enough questions about the way your wealth is managed? wealth management at charles schwab. ♪ and zero words per manwich. hold on. it's manwich.

you waited all morning for this. we're getting a first look at some of the love letters that president warren j. harding wrote to his mistress a century ago. the affair with a woman married to one of his friends began a decade before harding became president. he was lieutenant governor of ohio at the time. one of the letters reads "i do not know what inspired you but you resurrected me, set me aflame with the fullness of your beauty and the fire of your desire." it's been under court order seal

for the last 50 years. >> are there more? i like the way you read that, thomas. >> that's not good. >> aflame. >> this is the first time that warren j. harding has been discussed in the 21st century. he was only president for three years. >> right. are you trying to educate us? >> we always seem shocked when men of power -- >> it's never happened before. >> this is why we're a group of geeks. we're talking about warren harding. lieutenant gubernatorial affairs. >> other people talk about lindsay lohan or whatever. >> he would have liked her. >> my god. let's end this soon. up next, what, if anything, did we learn today?

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>> you look very ms. crabtree. >> i'm heavy on my heart for you. >> oh my god.

>> look at that. >> wow. >> good call. >> look at that. beauty is timeless. ms. crabtree from the '30s. >> time to talk about what we learned today. i learned that thomas does a great harding. >> president harding. >> check out afternoon mojo. if president clinton and president obama have a love child, it's him. >> any 19th century love letters, thomas roberts audio. >> you're done. chuck todd is next. have a great day, everyone. as congress comes back to work, one issue has not gone away. what can be done to resolve the border crossing crisis and how much can the obama administration do without congress? er