>> welcome to "morning joel" you remember that? >> my dear. >> it was a good white house correspondence dinner. >> things are blowing up.

>> this time yesterday mike barnacle and mark halperin, perfect for today. we didn't know that. >> we have been saying for sometime joe biden will get into the race. it looks like the "wall street journal," it's really what it is, the biden moment, right now. a lot of the talk is going on and it certainly seems more likely than not that he's going to jump in. you know, they sent a strong, strong message to hillary clinton. >> yes, they did. >> you catch the future candidate saying this morning, you wonder whether they're sending a message to the justice department as well. >> who knows? i will say, when you got ready to hear josh ernst speak and others, you thought it was going to be tested, sting back, you

are like, while, another day, another flurry of headlines surrounding joe biden's intentions for 2016, one senior democratic source tells cnn he gave biden tear blessing for him to run. but a spokesperson for biden says people are speculating about something they know nothing about and as that launch was taking place, josh earnest was reminding the press core that choosing biden as his running mate was, quote, the smartest decision he's ever made in politic sfwls the president has indicated in his view that the decision that he made i guess seven years ago now to add joe biden to the tick as his running mate is the smartest decision he made in politics. i think that should give you vice president biden's aptitude for the top job. >> do you think if he were to run, it's a better decision than

secretary of state he chose, so you said it was the best decision he made? >> yes, it was i think all of you and the president's comments about secretary clinton have noted how warm those comments were. i'll just say the vice president is 134b who has already run for president twice. he's been on a national ticket through two election cycles now. both if 2008 and the re-election in 2012. and sho i think you can make the case that there is probably no one in american politics today who has a better understanding of exactly what is required to mount a successful national presidential campaign. >> all of us, when we're watching this why don't we just see in any other situation, you would say. >> that's a choice. >> that's an endorsement. >> i have been skeptical about joe biden running for president

i didn't think it was possible nul watched that. that is the spokesperson for the president of the united states who did not go out and say things without the blessing of the president, without the policeing of the white house, specifically making the case why joe biden would be the best candidate for president. >> just what he said there on this show, "wall street journal" brings it up, again, the best choice he's ever made in politics, it's obvious to everybody, including us here and jonathan carl there that he also chose hillary clinton and then saying he's running to elections, nobody better qualified than joe wide zbln and josh earnest was not equivocating, he didn't back pedal an out and say hillary clinton was great, too. >> he could have said hillary clinton was a choice. >> come on, mike. >> i don't know what happened at

lunch yesterday, i don't know if the vice president has firmly or finally made a decision to run or no. but the white house has a candidate, his name is joe body zbrn shock waves within we saw this. >> for both biden's consideration and the white house's.on one hand there is such a affection shun for joe biden and there is such a distinction what hillary clinton did with e-mails is horrible. >> let's stop one second, people with not overestimate. unfortunately for people that watch the show that don't have regular interactions with the white house, that aren't friends with people there personally. they don't understand. the white house has been used about the hillary e-mail up until now. so say that may not know it. for people that know and work at the white house, you can't overestimate the level of anger of hillary clinton taking the greatest honor that barack obama could have given her and then

soiling it, ignoring her regulations, ignoring everything and making it about the clinton again. i think. i think that's what we may be seeing here. >> it's not the decision to handle the server. how she is handling it today. on the other hand, the white house is filled with pros, they're cold united states, clear thinking. they know their friend joe g'dayg'da biden, love and respect him. was josh earnest's performance historic? it was, he could have said a thousand things different. there is a concern if biden gets in the race, he doesn't raise the money, doesn't do well. it's clear they want to different him the room. he's earned the room. n for joe bind's point of view, do you think he will be a better candidate? >> the thing is they want to win. they look at the the bolts that hillary is carrying, just the

last week if quinnipiac swing states joe biden performs much better than hillary clinton, in pennsylvania, in hot. and in florida. >> the polling yesterday has him losing to jeb bush and to trump. >> you are watching a potential campaign that could really lift people up. >> that would be joe biden's campaign. some of the republican side, for whatever reason, it's happening, too, bernie sanders campaign or a campaign that really almost blocks everybody out and treats them as if they're non-intelligent. >> if you believe that donald trump can win the nomination and you really don't know anything about politics, if you are going around saying, there is snow way donald trump can win the nomination, you really should go home. stay away from kitchen plenders. >> it's time. >> just you are hurting yourself. it is a possibility. >> okay. >> that he could win. if you believe that, willie, and you are a democrat, there is just, it's obvious, joe biden

matches up so much better against donald trump than hillary clinton, in just about every way and what's the one thing that joe bind does that like people have always criticized him for? he speaks his mind. he says things sometimes that he shouldn't say. i think he's good next to donald trump in that category. >> yes. >> david ignacious says very key to the washington post this morning. he says joe wide isn't trump without all the trumpness, which is to say he's authentic. speaks his mind. he has years in the senate. >> and getting stuff done. >> the white house has given joe biden room, it remains joe biden's decision, time, he has to get through with there, does joe biden go through it? he'll have to decide if he thinks the time is different. >> now to the heated rhetoric of

donald trump and jeb bush. >> this proposal is unrealistic. it will cost hundreds of billions of dollars. it will violate people's civil liberties. it will create friction with our third party. if he was interested in a comprehensive approach, he might want to read my book, i welcome mr. trump into the debate. he's a serious candidate. he ought to be held to what serious candidates need to be held to he needs to be held to account for his views. [ speaking spanish ] . >> in response, trump retweeted a twitter comment saying, quote. >> i'm sure it's very subtle. i'm sure it's based in politics. >> jeb bush is crazy, who cares that he speaks mexican.

this is america, english! that wasn't the only clash between the two. bush's campaign launched a web video. >> where do we start with that? >> no, just don't, we still have to get to the stock story and the economy. political analysts criticizing trump's imgalatimigration plan. hours earlier, he put out a video with former first lady barbara bush. >> would you like to see him run? >> no, i don't. i think it's a great country. there are other people out there that are very qualified. we've had fluff bushes. >> what do you say? where do you go with the analysis of that. >> i like when barbara bush says there are other great political families. >> i'm sure trump. >> i'm sure that's what mrs. bush was thinking when she said that. >> both at the time and since

then. >> mama knows best. >> what if they put $2 million behind that tv ad in new hampshire? >> it would probably go. you don't have to. it will go viral. >> have a breakout moment. i always look at that, that guy worked on my teeth, i just know it. >> what are you talking about? >> he looks like a dentist? >> yes. right. am i the only one? i'm sorry. >> you know, i think it's important that people be who they are. >> i dentist is exciting, but it's more of aee owe okay. >> he is a very smart policy driven guy. >> i think he may be funny, though. >> this makes no more sense to him than his older brother. >> stop. that's not nice. >> it's the truth. >> stop. >> let's just be really honest. because everybody on the inside knows. this makes no more sense to him now than his older brother

deciding out of nowhere to run for governor of texas in 1994. he's like, what? oh, two bushes are going to run for governor? how cute? jeb's always been the one that stood in line. he's always been the one that studied. he's the policy guy. he's the smartest guy if politics. i campaigned around bill clinton before. i campaigned around jeb bush. there is a lot of bs mixed in with bill clinton when he's talking. well that, and he'll -- jeb bush is the smartest policy guy that has been around in my life. this has to be driving him crazy mark halperin. by the way, guess what, we don't want him to wear a mohair suit. >> that itself no who he is. you know, his father was always great, except when he tried to be the country music guy that ate pork rinds driving around washington, d.c. >> i'm close, i'm cutting him a little slack. he lost like 40 pounds. he doesn't have a wardrobe. look.

jeb bush, i continue to believe, if he continues along the path he's on may benefit from the summer of trump. because he's got the money and he's got the policy expertise and the name i.d. but he is picking his spots. you noticed they did not attack back on the barbara bush video. they were silent on that. what they want to do is they want to use trump's policy proposals to introduce jeb bush to the country. that's their problem. jeb bush has to introduce himself. he is taking the immigration stuff and trying to explain himself. he'll do that on economics of labor day to try to contrast himself with trump to say he's the real conservative. here's his record. i think if he's disciplined, it could work. >> by the way, we're seeing around here as everybody in the media is, jeb bush would say when he watches "morning joe" every day, hey, jeb, and we beat baby seals. >> clob them. >> which he says he enjoys very much. >> he's from colorado. he may still be asleep. >> the thing is, jeb is not the

guy that has to worry right now. we're all talking about jeb because he's the presumptive front runner. jeb is sort of 2nd place, he has the draft. jeb is doing great. if they have a jeb-trump matchup. they're good. it's all the other people, the scott walkers, marco rubio, marco rubio is gone. scott walker gone. ted cruz close to being gone. the strongest of all of them. rand palm gone. mike huckabee losing to eadvantage gel cals. you can go down the list. donald trump doesn't challenge jeb bush right now. donald trump challenges the spire field. >> and jeb bush will raise money, has raised money, the others don't have that luxury. >> i guess what i'm saying is, while we sit here, it looks painful and jeb is going down from an olive drab suit, the mexican border, donald goes down in flames, it is august and jeb i'm sorry, i can sense, if i'm

jeb, i'm just fine. i would rather be in second place with all the news stories being about, you know, donald trump than being in first place and having them dig into every business dealing i have ever done in my life. >> we have to get to the markets. another huge story happening over the past 24 hours. there are a third day of losses as wall street remains on edge this morning after historic drop yesterday. the shanghai composite index 'plunged to reach the lowest point in eight months. there are fears of more losses here at home after the dow fell 588 points to its lowest level in 18 months. but it could have been worse. the dow dropped more than a thousand points during the opening minutes of trading before rebounding, the you mulltuous trading triggered over a thousand circuit breakers over the day. that's when trading is paused for five minutes when it increases or declines by at least 5%.

on a regular day, that number is generally in the single digits. let's bring in financial times jillian ted, thanks, for being with us. >> great to be here. >> as i was watching the news last night after watching people fire all day. i sat and looked back and said, you know what, this is a crash. there is a correction? you know it's not 2008. it's not going to be 2008. because you have an economy that was a bubble that was bursting. here you got china's bubble may be bursting a bit. but for the most part, aren't we in fairly solid state economically? smr well, joe, here's the good news. they called yesterday black monday, it was just crazy. today in europe they're calling it turn around tuesday because after the european stock market has bounced back and if you look at how s&p 500 futures are trading, it suggests we will see the dow and s&p 500 rebound a bit today.

the bad news, though, is they are saying this is raising three big questions that investors should be looking at right now. firstly, what on earth is happening in china? because the reality is china has been powering a lot of global growth and people are very concerned not just about the economic slow down but the loss of control by the government of the markets. secondly, people also are saying, well, if you look at how the u.s. stockmarkets are moving recently, it's really got ahead of where the economy is. >> right. >> it's a big run up. >> so this is actually, even though a lot of us certainly aren't happy about, you know, our retirement savings going down, there is actually a healthy correction, it's actually getting more in line with the reality of where the economy is, right? >> absolutely. in some ways you can say it is getting more in line with fundamental also. the economy is recovering. it's not recovering quite as strongly as the stockmarket might suggest. but the other big issue people need to watch right now is what the means for the fed.

because ternly janet yellen was warming up the markets to expect rate riots in september. that's probably going to be harder to push through and that's something we should have a lot of implications. >> i know, mike barnical, i was watching this yesterday, well, janet yellen is not going to allow rates to go up. so we either lose 588 points in august or we lose 588 points in september. of course the reason why all this happened is i invested in the stockmarkets the first ever three months ago, three weeks ago. that's working well. you know, they read the 52-week low. >> that's a great concern. >> but, you know the way i look at it is, when they started talking about possibly raising rates, as jillian was saying. they're going to raise the rates if september. we're going to have the correction then or they will have the correction now in anticipation. now she's not going to raise it. >> or they will raise it this year. but you just raised a point that i find truly fascinating. jillian, who are the investors

in the chinese stockmarket? where do they get the money to invest in the chinese splarkt? and what is the story on the historic debt that china is carrying? >> those are great questions. unfortunately, a lot of the investments in china have been retail investors, a lot have borrowed heavily to actually invest and those investors right now are going to be pretty unhappy. it's important to keep the sense of perspective. actually, even after these crazy falls, the market is only back at where it was eight months ago. so they have these big corrections do come off as a very dramatic rally. one of the really important questions right now is what is this going to do to the new generation of chinese coming up on the back of economic growth, who thought their economy in the stockmarket would keep growing indefinitely, is this going to start creating more political unrest, more challenges to the government? are people going to start questioning the degree to which

beijing is in xrom of coin? a lot of people say, who cares? but actually, having political instability or tension in china is not something that's good for global growth or for american stockmarkets. >> all right, jillian ted, thank you very much. greatly appreciate it. >> thank you. >> we have been saying around the worst is set for three years at least there was a bubble in china. we have a lot of people a lot smarter and richer than us saying, no, china is great, china is strong. carolina is going to keep going. so much of what i said in china, it has been driven by the government. driven by a centralized government. we went over there during the olympics, everybody was talking about their great infrastructure. you work with local governments. they have been spring, working up massive debt, because of the growth. the infrastructure growth and you know china, eighth wonder of the world. now chai can't control the stockmarket. it got too expensive for them

trying to control the stockmarket. i'm not saying china is going away. but there is a bubble there. there has been a bubble there. it's been fairly obvious. mike, it's the bubble has burst and you know we don't know how long. is it going to be like japan. >> a decade? are they going to start resuming growth? no, nobody knows. but china was not the economic wonder of the world when you had the federal government, you know, pumping in all of this data. >> their government. >> china. and they didn't have an underlying economy unlike the united states and the west to actually support that. >> right. china's economy is clearly built on a tissue, a thin tissue of debt. the larger point is that it shows the world that our economy is truly the most stable economy in the world. >> what have i been saying? for three or four years? i have been, i mean, you love

japan, i have been talking about 1988, 1999, all of us hearing the japan that can say. america will be the next five years. japan mattens out. i said the same thing wasn't going to happen exactly in china. it sounds a lot like '88, a lot like '89 and here we are again the choempb bubble appears to be bursting. >> they lack innovation, they lack transparency. they lack a consumer market that's vibrant. we have all those things. >> we will be watching ahead. still ahead on "morning joe," we will look at mayor de blasio's latest fight over the streets of new york city. this time it's about topless women. plus, president obama -- >> wait for or against that? >> stop. his latest. we will have that story ahead. that's called the tease. >> i think willie is waffled. >> willie is our topless time's square cadet. >> i'm glad we're packing in the

important issues too muchless with all that's going on. >> the president's latest push to defend the iran nuclear deal. new numbers show the swing voters outwin by a 2-to-1 margin. all that straight ahead on "morning joe."

>> yes, deep left field, that was gone. >> home slide. >> that's it. deep left field. right down the line, headed towards the seats. >> home run. that's what we're talking about. >> it's out of here! >> this one is deep left field. >> mike barnacle in august. >> welcome back. >> you have political types saying it's too early to say candidate x or candidate y will make it if it's august and it's baseball it's safe to say the new york mets are for real.

>> they're more than real with that pitching staff in the short series. they are dangerous in october. they will be playing baseball in october. >> okay. >> isn't that great? >> let's get to some of the other headlines. >> i'm a yankees fan. this is so good. >> officials in new york city are continuing to explore avenues to rid time's square of topless women. in a radio interview yesterday, new york city police commissioner bill bratton pushed a proposal to tear up the pedestrian plazas in time's square, even though they have been responsible for a decline in pedestrian injuries in the area. mayor bill deblasio says he is seriously considering the idea and has commissioned a task force to consider available options. i like those pedestrian areas. i jog. >> you know what else they do? what? >> they save lives, seriously, they would rather people be run over and there is one sad story after another about the pedestrians killed in time's square. >> over the -- >> these are by the way paint

and if you go up in'sle, you can see they're topless i'm sure by looking at the pictures. >> you wouldn't know. >> i wouldn't know. >> i do eat lunch in the plaza all the time. >> stop. >> i don't. seriously, we're talking about saving lives as far as pedestrians go. >> over the weekend, hundreds of topless men and women marched down broadway. >> what about the faked cowboy? >> a topless man. >> an american hero. okay. let's talk about some things that de blasio should be worried about more than two or three women that paint themselves and walk around if time's square? have we noticed what's happening in the city? have we noticed we have people coming up tsqueejies will be coming out, all through central

park, the homeless are all up on the upper west side, if anybody is watching saying joe is such a mean person? no, i don't live here most of the time anymore, but this is what it looks like in the ''80s and the '70s, we're moving back in that direction. if anybody thinks it is more humane to sleep outside exposed than in the shelters in the city. they don't understand the case. i have no idea why bill de blasio. i don't know if the police commissioner has anything to do with this. why they are allowing the homeless epidemic to start spregd across new york again? i've had a lot of friends saying they're going to move out if this continues. >> like you, i am a part-time resident of new york city, but even to my eye, you can see the changes in the atmosphere and the conditions on the street over the past six or seven months. our full time new york city

residential correspondence is mr. willie dpieft. what have you foyed? >> if you live here every day, no question about it. we seem them around our neighborhood, our building. this has come up for the administration the last couple of weeks. they say it's because of the previous administration's cuts to the homeless budget, but if you anecdotally you didn't see it on the street in the way you saw it in the plume berg years. so something has changed. >> that's just a lie. by the way, unemployment is down. this isn't like 1933. this isn't like 2009. unemployment is down. the economy is better. this isn't driven by people being in worse shape today than they were in 2009. our new york's economy is being in worse shape. this is because bill de blasio, is what, trying to be more humane? does somebody believe exposing people outside and being outside in a dangerous situation is more are you main? >> if you go out and ask a bet cop, they will tell you off the

record confidentially, i'm not allowed to do anything about it. you go, really? new rules. >> new rules. so they've told the cops to let people sleep outside on the street where things are more dangerous to them. >> i do know this isn't about us feeling icky about the city. it's about people living on the street and should be better taken care of. >> by the way, i'm not offended by it. no, no, no, let's not be politically correct here. let's talk about what's best for the people exposed sleeping on greats because some left winger thinks this is more humane let them sleep in central park where they can get beaten up. misdecided liberalism at its worse. i wonder how long new york city will put up with dil bill deblasio. we can elect liberals that actually give-a-damn about the

quality of life here, aren't business trying to turn this city into a social experiment. i love this city. i love new york city. i absolutely love it. i have been here for the better part of ten, 11, 12 years. what happened in new york city from 1993 to 2012 is nothing short of a mir california it's one of the greatest governmental miracles that's ever happened in the past too many years. it's unbelievable. anybody that lived in new york city in 1989 knows exactly what i'm talking about. this isn't about politics. it's about how this city and the residents of the city turn themselves around and how people now looked in new york city with love and admiration especially after 2001. >> it has already changed and if the current mayor doesn't understand that things have gotten worse for everybody, then i think he probably will lose if he doesn't change things back. because you are right, the miracle is being undoen. >> yeah. so i'm just going to say, we

should probably have him on to talk about this, instead of it spewing out. >> this is a reality. it spews out all the time. why don't you tell him to bring a squeegie? >> let's ask him to take a tour around our neighborhoods. >> talk about when it was when bloomberg was here, guiliani was here. >> two things, calls to 311 the emergency lines in new york city are up 60% for homeless complaints since de blasio took office. the other side is the de blasio administration says it's adding 4 million for the homeless budget, pla recall to treat those with the mentally ill. >> that's the biggest danger, mike, you don't want people that are mentally ill, the children that walk past them, the elderly passing them, you don't want the mentally ill out on the streets.

>> i don't think that's what it's for to put them out on the street? >> no, the billion dollars is to take care of them and treat them e. when you make sure beat cops are told just leave them alone, we can't do anything, let them lie there in front of the school when bill de blasio's administration is telling police officers that, see nobody has the guts to say anything. so we're saying something about it. you are telling me don't spew, you are like those people that say don't talk about hillary's e-mail, it's not politically correct. you are being that way. >> i am not. i am saying he should come in. >> a lot of liberal new yorkers are sick and tired of this happening with bill deblasio, he can run his social experiments somewhere else. he can go to philly if he wants to run, you don't do it in new york city. >> the whole thing has been the homeless will always be with us. part of the reason for the influx the growing influx of the homeless the lack of facilities where they can be housed or taken so they are safe from themselves among themselves.

there is another issue here, though, it has to do with the time's square situation, where you have topless women parading around and thoughts of breaking up the pedestrian down there, a terrific place for tourists as well as residents. it has to do when you are governing or you are mayor or whatever, you make a series of choices. is the choice to destroy the pedestrian mall or the choice to enforce some minimal municipa; code that you can't be walking around half naked. that's your choice. i would choose to enforce the code. >> so there is a decision made by court that says you can't discriminate. you certainly can zone it, time, place, manner, put them like in the garment district or something like that. you can figure out a way to do that. but lives have been saved by those pedestrian malls. >> yes. >> kids, there have been kids' lives who have been saved who haven't been run over by cabs because of those malls.

they need walk space. >> if somebody said 12, 14 years ago, there is a terrific place to go in new york city, it's time's square. you wouldn't believe them. but it's become over the years, to take a kid, look at a show. >> i will tell you in 1993, i would not let me kids go to time's square. it was a disaster. three years later, fantastic place. >> so, i don't know, maybe we want to go back to 1977. >> maybe we want to book bill de blasio and engage him in a conversation about this. coming up, donal trump's china doctrine involves serving a big mac to the chinese president. a double. plus, we'll explain that in the must read opinion pages as well when we return. after brushing, listerine® total care strengthens teeth, helps prevent cavities and restores tooth enamel.

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>> we are tying ourselves so closely to asia and if particular to china that this is going to be trouble for our country. not only now have they taken our jobs an our base and our manufacturing, now they're pulling us down. we have to do a big uncoupling pretty soon before it's too late. >> a man named xi ginping, jinping, he's the president. he's getting a free dinner at

the white house, addressing the u.n. if you were president would you be throwing him a dinner? >> i would fought give him a dinner, i'd get him a pittsburgh donald's hamburger saying we got no get down to work. you got to continue to devalue. we will give him a stake dinner, he has sucked all of our jobs. >> u.s. companies do i9. they're doing it. so you would be confrontational with the chinese saying i'm not giving you a dinner hook, here's a big mac, really? >> i would give him a double, probably a double size big mac. look, it's not so much the companies, it's our government that allowed china to do this to us. >> i don't buy that for a second. >> the problem with -- >> all right. next. >> a lot happening, to unpack. i will say this about trump on his announcement. he warned of the market. like he warned this was coming. >> he's like nostradam us. >> no, he's not. he understands markets. behind his luster and behind

everything else, this guy is like worth billions of dollars, of course. he's not worth 10 billion. >> up next, why joe biden has donald trump to thank about all the buzz of the 2015 bid. that's ahead. in the must read opinion pages. no sixth grader's ever sat with the eighth grade girls. but your jansport backpack is permission to park it wherever you please. hey. that's that new gear feeling. this week, these folders just one cent.

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quality eyewear for doers. sears optical >> all right. joining us. >> i know we appreciate that description. >> why? >> soccer players. don't do it again. >> joining us for the must read business pages, josh green, good to have you on. >> josh was a co-host. you watch every day. >> i watch every day. >> all due respect. >> thank you for watching. >> we always watch when you are on. >> i'll be on tonight. >> okay. good, that's the best. >> remember what we said, okay.

all right, do you have breaking news for us or not? >> china cut interest rates. >> dow futures are up 600 points. u.s. markets set to explode upwards. jed was black monday. today is turn around tuesday. good news. >> all right. i have been in the market three long story weeks. if it goes up half, i'm selling. good you got in. >> we made a pact. >> i swear to god. i have been in the market twice in my life. i have little money back in like '88. right. i hate the stockmarket. but what should i put it in? he goes, listen, i will tell you something, japan is going to obviously be around forever. they will own the future. just put it in the nikkei. and i did. it's been flat since 1988. >>. think about it. you know this.

>> i do. >> somebody pressured me to put money in the stockmarket three weeks ago. she's, you know, she puts in long overtime. >> david ignacious. >> hold son. so i put it from, it's all collapsed. every company. >> that should tell you something about yourself. >> the oracle of pensacola. >> yes, what it tells me is, i do well, stay out of the stockmarket. >> we are all in the -- >> the greatest quote mark halperin is after plaque monday in 1987, they all run up to warren buffet. this is the first time i saw him, he lost $2 billion. eremember his quote? they're expecting him to freak out and panic. he has money going in, he has money going out. he smiled and walked away. >> he has a lot of money in dairy queen which will never go down. >> most states have post offices

in every town. texas they got a dairy queen and that's why i love the republicans. >> we all love that. okay. walk post, david ignacious trump surge makes the case for joe biden. biden is what trump pretend to be, he tells people like it is, sometimes to a fault t. difference is bietden is the real deal. he has been the arena of public policy nearly his whole life serving the public while trump was squireing around movie stars, navigating four of his companies through bankruptcy and flaunting his billionaire lifestyle. trumps weaknesses come clear with most of the trub candidates or democratic front runner hillary clinton. to many americans, these other candidates represent the double-speak and insincerity of modern politics, wide isn't a throwback to a different campaign era. >> if you don't like the legacy

candidates bush and clinton and trump is not your cup of tea, biden and kasich are increasingly i think people seeing at blunt straight talking guys with blue col loor background, interesting and possibly strong attractive candidates and presidents. >> josh. >> the problem with the carson is everything trump stand for, attacking the establishment, attacking insiders, no one is more established than democrats than biden. biden doesn't pick that problem. >> that's who we normally elect. >> sure, if are you a trump guy, you want to burn down the whole castle, tough to think that joe biden is a guy that will come in and change the system. >> he's blunt. >> he's blunt. >> and also he also is i don't think it's just being out of the system. i think willie it's being out of the system and being real. being real. i mean we talked about marco rubio you can tell they poll

tested, market, driven, cut and pasted. he read in front of a mirror for:30 minutes before he went out and said anything. you can say that about other candidates, too, joe biden different, completely different and he's real to the point that he gets in trouble sometimes. >> like trump. >> the theme to authenticity. we talked about bernie sanders and trump, people that speak to a fault, we have become so sick of statements that come out of slogans, i'm shocked, stunned, deeply saddened. the minute you hear someone that means what they say it's refreshing, joe biden has that. >> jeb bush versus joe biden with trump as an independent? >> buy the popcorn. >> i think the interesting thing is what's happening in the

democratic party. this is a graph that i asked alex to pull last night and i saw there is a lot of people think that all of barack obama's people have immediately rushed to hillary clinton. it's not close to the case. in fact, there has been a real bushback of all of the people that gave to barack obama. their top fund rates 769. only 51 have committed to hillary clinton. they're waiting. >> don't you think the debates eight years ago. if he gets in, he may not need a lot of money. he picks off a few of those uncommitted bundleers for donors for clinton and obama. obama and biden rather. he may not need to match your dollar. he certainly can't match your

dollar per dollar. on the debate stage. >> if there is clinton exhaustion, josh, there is clinton exhaustion in 2007, david giveen, maureen dowd, what was it. the clintons were unusually good at lying? >> and that started to reason away from hillary. here we are all these years, they lie with ease is what david gi geffen said. it's a fatigue, if you think you will have to go through that and a possible special prosecutor, the justice department, the fbi, joe biden suddenly is looking like a food deal. >> i think those two things, clinton fatigue and the possibility of more serious clinton scandal emerging or probably biden's best hope going forward because without that, it's hard to see how he assembles a coalition that will capture the democratic nomination. part of what he is doing. the reason he is sending these signals is to let people come to

him. let excitement build around him in the event that clinton comes under indictment or the bottom falls out, somehow i think it's a long shot that that happened. >> yeah. >> if it does, wide isn't the a more plausible candidate than anybody else in the democratic field. >> josh, thank you very much. >> thank you, josh. >> coming up, bloomberg's al hunt joins us. he's got an idea for a move that biden could waik make right now that would make a major -- >> a and build a coalition. >> jon stewart steps back into the wwe ring. >> you don't get this, do you? >> i don't. >> i think it's the greatest thing i've ever seen in my life. >> people pay money and watch these people fake fighting. >> correct. >> and act as if it's serious? >> no, no, it's fakish. it's entertainment, go to a movie. it's not real either. >> i don't see that. i'll be right back. . same cargo, same size, same power. which one arrives first?

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>> all right. mica wanted to lead the show with this story. i said let's put it at the end. >> i don't get it. >> he could be their leader. >> how many people are in the audience and what do they pay to sit there and watch? >> yesterday we showed you jon stewart spending his early days of retirement by jumping into the ring at sunday night summer slam taking out john ce na with a folding chair. last night, ce na compacted his revenge on stewart with his 60

attitude adjustment. watch. >> right now, i'm just going to do what i got to do. >> oh, no. o. jon stewart. >> john ce na. >> let him down, john. >> with an attitude, jon stewart. >> john ce na just gave jon stewart the aa. >> jon stewart proves in this situation. >> wow! >> that is an attitude adjustment. >> don't cross ce na, mica, that's a lesson, world's collide. >> it's probably best not to look at the prompter if he doesn't move or your 401k. we will tell you what happened yet at the marks, what's in store for investors today? maybe turn around tuesday? >> donald trump and jeb bush square off. trump uses bush's own mother against him. uh-huh and the story of the other man who sprang into action

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angie's list is revolutionizing local service again. visit angieslist.com today. >> welcome back to "morning joe." mike born cam and mark halperin are with us. we have columnist for bloomberg view al hunt. he has quite an idea. >> it will make a difference. willie, how are you doing today? >> i'm doing great, thank you. the mets are tied for first

place. >> subway series. you go out, middle of america in missouri, wow, kansas city and st. louis. >> kansas city is a great story. >> st. louis, i'm sorry, your best organization top to bottom. >> decade of dominance. >> the division is weak. >> they have t. gordon lid di in the front officer. don't sleep on the cubs. >> don't sleep on the cubs? that division, pirates, pirates. >> might be the best in the nation. >> what a great year to be a baseball fan from new york city or missouri and absolutely lousy year the third out of the fourth year for boston red sox fan. have you noticed how little we talked about baseball there year. >> i wonder why. >> the markets are in turmoil. there are huge political stories. we can talk about baseball. >> did you interview owen wilson yesterday? >> i interviewed owen wilson. >> he is one of my amaze zplg he has the new movie "no escape."

>> saw it last night. >> it is great. it is intense. i mean. >> extremely intense. >> he's great, though. >> he's one of a few guys that makes me laugh, delivers a line better than anybody else. better than olivier. i love him. >> another day, another flurry of headlines surrounding vice president joe biden's intentions for 2016. one senior democratic source tells cnn that president obama gave biden his blessing at their weekly lunch yesterday for him to run for president. a spokes pen for biden downplayed that report and as that lunch was taking place, john earnest was reminding the press core, choosing biden as his running mate was quote the smartest decision he's ever made in politics. >> the president has indicated his view that the decision that he made i guess seven years ago now to add joe biden to the tick as his running mate was the

smartest decision he has made in politics. i think that should give you some sense of the president's view of vice president biden's aptitude for the top job. >> so i assume the president would support vice president biden if he were to run, obviously, a better decision than secretary of state he chose. you said it was the best decision he made. >> yeah, it was. >> i think all of you and your president's comments about secretary clinton have noted how warm those comments were. i'll just say that, you know, the vice president is somebody who has already run for president twice. he's been on a national ticket through two election cycles now, both in 2008 and the re-election of 2012. i think you can make the case there is probably no one in american politics today who has a better understanding of exactly what is required to mount a successful national

presidential campaign. >> earnest went on to say president obama will not rule out endorsing a candidate in the democratic primary. it all comes as major democratic fund raisers have been invited to the vice president's d.c. residence the week after labor day, the good news on the obama fund raisers have exited to bungling large sums for the clinton campaign. >> look at that number. does it surprise it? >> i thought they were all there. >> it doesn't surprise me the obama and clinton worlds are different worlds. >> not much. mike. does that surprise you? >> no, not ought all. >> first of all, it is only august. so that's one reason. mark just pointed out, there are two different factions representsed here. the hillary clinton and obama faction. which is larger thatten the clinton faction. there has always been a mutual

standoffishness, weariness. >> the resentment of the obamas especially towards the clintons for not playing by the rules, especially in this latest case, not staying in line. >> they brought her into the white house. it was a hard thing for them to do. >> yeah. >> they brought her into the white house. >> i wouldn't say they brought her in. >> let me think about this. i got to pick a secretary of state. who is going to be the best candidate for secretary of state? >> john kerry was. >> right. so i will choose hillary clinton. >> everybody is talking, yeah, it was barack obama's decision, it was the whole team of rival's concept. it was a unifying idea. >> i think it was a deal. >> they set up a lot of safe guards that the clintons ignored and not only that, then she sets up her own server. i mean, it seems to me in this press conference, you see a lot of that resendment bubbling over. >> at the risk of overstatement,

we could look back and say wow that was one of the turning points in this campaign, maybe in the future of who becomes the next president. now you have explicitly from the podium inside the west wing, john earnest, the spokesperson for the president of the united states saying effectively, we think joe biden would be a great president. >> i said wow. >> actually, he would be the post-qualified is what he said. >> al hunt, you write in bloomberg view, a biden-warren would raise a raucus, if joe bind was trying to unsettle hillary clinton by meeting with elizabeth warren over the week, here's a way to really rattle her. pick the massachusetts senator as his presidential running mate and announce it now. that's what a warren selection would be. >> how exciting that would be for democrats al hunt and there is actually a precedent going back to 1976? >> yeah, there is, joe, ronald

reagan was slowly losing the nomination fight to president ford when ronald reagan the great conservative picked dig slager, one of the most liberal republicans in the senate. what it did a month before the convex, it froze the linebackers. everybody stopped, everybody had to think. you know he came within a few votes of that convention of succeeding. joe biden cannot win a conventional contest against hillary clinton. as josh green said earlier, he has to depend on her imploding. that itself not a good pathway for a candidate getting into the race. he has to shake up it. he has to shaj it up. he has problems continuing with money. women will be upset. the left wing says bernie has been out there. picking elizabeth warren addresses all those issues, addresses women. also addresses money. they can, al is, as you have pointed out, elizabeth warren can be a political atm machine for hard core progressive

activists who want to change the party and change the world. >> sanders crowds. >> yeah. it also to some extent would address the age issue. joe biden will be 74 when the next president is elected. that's younger i think than it used to be. but it's not young. lock. they may not work together. may not fit together. it may be a lousy idea in that sense. i don't know. i think joe las to do something unconventional if he gets if that race. that's the only way he has those two people's times, in part, it's joe biden's time because what we have been talking about as far as donald trump. he matches up better. elizabeth warren, tell me if se sees bernie sanders rushing to bernie as an alternative to hillary 30,000, 40,000 people

out there and thinks, woi, that could have at least been me? >> i'll sound like a broken rompld it's the you a tenticity things, inequality, wage stagnation, established for candidates are diehl stealing from the bernie sanders, she has role bonn bobefides in that issue. >> she electrified philadelphia at the event. >> a examined cross section. her message really is, elizabeth warren was before anybody else in the senate, certainly, hammering there issue home. >> as well as bernie sanders has done, i think there is no doubt if els bath warren had gotten in this race, she'd be ahead right now. >> on that note -- >> there is one wildcard,

hillary clinton is a strong, determined, well funned candidate for the presidency t. wildcard is the fbi and the justice department. >> that's for sure. >> where is this going? >> and the congressional investigation, which is piggy-backing off what the fbi is doing. they have subpoena power, too. >> and the fact, al hunt. this is not a story that plateaus. this is a story that whether it's in the "new york times" or whether it's reuters or whether it's another main stream respected media outlet. we find out more and more about these e-mails that come out and what were classified at the time and it's as the fbi starts to dig in. you have federal judges demanding the state department move more quickly, this is not a crisis, a political crimes it's going to plateau any time soon for the clintons. >> i think are you right, snow i

take the fbi very seriously i take judge's comments. i don't know where it will lead and going back to my earlier point about joe or biden. all i'm saying, you can't get into a race thinking she is going to self-destruct. >> that might happen. but that can't be your premise. no, i think there is a lot of worry in hillary land today. >> the world of words between donald trump and jeb bush, bush visits the mexican border one month after trump's visit. chris jansing joins us from texas. what's the latest? >> reporter: hey, mica, i'm standing at the epicenter of this immigration fight the border between the u.s. and mexico. jeb bush came to south texas with a new strategy as to punch back hard against the attack from donald trump and to prof to some skeptical republican voters

that he is tough enough to beat the billionaire front runner. jeb bush in his home state of texas, taking shots at donald trump over his promise to build a beautiful wall smr you have to have a much deeper strategy than just building a fence. >> hours before, trump had already launched a preemptive strike. >> bush by the way attacked me in a modest way. you know, he's a low energy person, so when he attacks, he attacks with low energy. >> frump's trouncing of the field have pumped bush up. >> this is ludicrous. >> a more combative bush, dismissing spanish speaking pedia in both hostages, about his use of a term some immigrants consider offensive. anchor babies. >> i think we need to take a step back, chill out a bit as political correct inside. >> reporter: that sounded a lot like trump, so did this. >> you might want to read my book "immigration wars" which i published four years ago.

>> president obama, secretary clinton, i highly think you should read this book quickly. >> reporter: he was pushing this matt lauer interview with bush's pom. >> would you like to see him run? >> no, i rather don't. i think it's a great country. there are a lot of great families, there are other people out there that are very qualify. we've had enough bushes. >> have you seen the instagram of your mother when she said we had enough. >> i don't follow the instagram feed for donald trump. >> bush and trump toe their differences, hillary clinton put out her own immigration ads legally suggesting they're just alike. >> most of the other candidates are just trump without the piz pizazz or the hair. >> this morning, nbc is confirming the bush campaign is doing cost cutting. >> that i say they always intended to be a lean and efficient organization. >> that the fund raiseing is going well. but look, all the republicans are having to face the fact that

this donald trump campaign has staying power and so they may be facing a longer, tougher and more expensive campaign than they first anticipated. mica. >> all right. chris jansing. thank you very much. al hunt, thank you as well. still ahead on "morning joe," breaking news overnight in china as the country cuts interest rates for the fifth time since november. will it help ease concerns and the world? we'll bring in cnpc's sarah eisen. yahoo finance anchor and the new yorkers. you are watching "morning joe." we'll be right back. the possibin quickly

. >> guys, the dow is down a to you points. >> i have make phone calls, these are enormous moves. >> is this the big one? >> i don't know, it's certainly noticeable. >> obviously, china is at the heart of this brutal sell-off. the dow in the first 90 minutes of trade traveled more than 3,000 points. >> it's important to not let your self get freaked by that. >> tim cook as of this morning sent me an e-mail when i sent

about china fears and accelerated over the past few weeks. >> annual sold off on the idea that their earnings in china will miss the target. today tim cook came out and said no, as a matter of fact, we're seeing the acceleration. if you look for one item turn this market. that was what turned this market is that commentary going to jim cramer. he deserves a lot of credit after that. >> after a rebound the dow ended down 588 points. >> i struggle to think of a weirder day tan we've had. >> oh my god, i'm stressed out now. yesterday was a roller coaster for investors in the market when the dust settled. the dow had dropped 3.6%. now breaking news out of coin overnight u.s. futures are up sharply after china's central bank announced it is cutting interest rates. joining us now, cnbc's sarahizeen, you have been on this all day, all night. finance at yahoo, i'm sure it's the same for the new yorker evan

osnos joins us as well. sarah, giver us the sort of wrap-up as to where this has led us and where it is headed. >> it was wild to be on the floor yesterday to watch the market open and drop over a thousand points on the so you jones industrial average. it never happened. it came back to negative 100 and settled the day down 600 points. so you heard a lot in the video. it all has to do with china. very important not just for that reason, because it's been such an engine of growth for the entire world economy that now everybody has to reset expectations from emerging markets like taiwan and korea that have been dependent on choun and commodities price, as china boones, it consumes energy and copper, everything. so all of these prices are resetting. it all sort of fell apart in

u.s. markets yesterday the reason, very hard to explain why you had companies like general electric down 20% at the open. very difficult to explain that. they did settle down calmer. it looks like we are set for a big rebound at the open because china cut rates, basically an act knowledgement they're slowing. they have to do something about it and be more stimulative. >> that market has been absolutely crazy. >> the big question is, is this just a band-aid because investors have been hoping investors would step in over the weekend. one of the reasons we saw that uj hoo drop yesterday. jim cramer at cnbc considers that a flash crash at the beginning of the day. he's never seen something so big at the open of a trading day, people think is this for real? that's also dealing with the machine economy, when it comes to the stockmarket t. question is, whether this last? again, what will it say the government if china needs to

continuously come in to pump up the economy? >> how much does it affect us? look, we're not booming in this economy. but the u.s. is still growing, a little more than 2%. we only export about 13% of our entire economy. so we're not that exposed economically. yes, our markets are all tied up together. we learn from the financial crisis, it's an interconnected story. >> we are largely a u.s.-driven economy in the states here. >> i will start with you, is this a chinese bubble that's bursting? double digit growth was fought sustainable for very long from 7% growth wasn't sustainable for very long. are we watching the first bursting of the bubble? >> something that can be a bigger factor is faith and confidence in the chinese economy. they've always had a transparency problem. now people are questioning, % growth, is it 5%, 4% growth? it will make for a very interesting visit next month. >> when you have a stockmarket up 60% and goes all the way back

down to flat on the year, that's a crazy swing. it will be up to the communist government to try to provide relief. this is not the federal reserve in this country or the european central bank. they are being tested. they met their match in the market. >> evan, you have written a book in china and have insight into this. let me read you donald trump sweets. as i have long stated, we are so tied in, the markets are taking the u.s. market down. get smart usa. your take, evan. >> well the truth, of course, there is no way the united states can disentangle itself from china nor would we want to. i think what you are seeing right now is the chinese policy makers are torn by two equally serious impertives. the first is short term. how do you shore up confidence in your decision-making ability and the value lost on the stockmarket for a lot of chinese share olders. over the long term the more

serious issue and the one they have to get to is how do you rebalance this economy, get it away from diplomacy on infrastructure development, generate your growth in high quality waves from consumption, from services growth. that's where they need to get. in the short term, these two things are in contradiction. that's one of the reasons you see from what feels like from day-to-day and week-to-week, you get the contradictory policy decisions. >> you are talking about creating market-driven economy from the ground up. >> that. if investors in new york are waiting for the chinese to figure that out. it's going to be a long way. they have been driven by debt. there has been an infrastructure debt nationally and in lobel governments as well, carrying a heavy, heavy debt, without having the basic economy to drive it. >> well, they've got enormous. let's be frank. they have enormous economic problems. they're not a surprise, they're not news, people who follow the

economy for the past few years have been saying, look, you got debt quadrupleing, a housing market beginning to decline, a purchasing managers index that shows us manufacturing is in decline. none of this is a surprise. i think what became a surprise to the marks is a slightly separate issue. which is they expected the markets in the united states expected chinese policy makers to make certain moves over the weekender, within they didn't make these moves, all of a sudden people say we are in uncharted territory. where are we going? i think in the short term let's try as much as we can remember china will make its own decisions for its own market. we can't be waiting for them to make long-term changes, but for the time being, they have their own problems, we have ours. >> china had been pressured to make changes over the past few years t. fact that they started to do it over the past few months is a big question of whether or not this will remedy the situation at this point.

>> so sarah, are people going to make their money pack today? is today turn around tuesday? >> we said turn around. it looks like we will have a rebound. it will take a lot to climb back. the last i looked, the dow futures were up 300. that's only half. it gives you a sense of the size and scope and how unusual these moves are. in three days, the dow dropped almost 1,500 points. that never happened before. >> was there panic, though? i know a thousand points in the first hours. you got the sense, though, there are always people looking at ways, go to another two points. make my day. there were people waiting to jump back into the market looking for bargains. >> there were people that saw j.p. morgan down 20% at the open and said that doesn't make any sense. they don't have that much china exposure by, they got a great bargain, yes, a lot of people were bargain shopping on this idea that the u.s. is not going into recession.

what are u.s. stock prices? they're u.s. companies that earn money mostly in the u.s. yes we got a lot of multinationals, so we have to worry about abroad we unlike 2007 and 2008 are not the center of it and our financial system is not stressed. >> we're not in the middle oof a bubble. are you exactly right. you don't have to bail out the biggest banks in america. we are doing pretty dam well right now. of course, we feel the effects of china. but there is no reason to run for the exits. >> not to be so dark. because the bearish argument here is that, i have to bring both sides of it. the bearish argument is that over the last six years, we had this tremendous bull market. it has been fueled by central bank stimulus, cheap borrowing costs. easy money policies. >> right. >> so the bears would say, how sold id is the foundation, what does this market look like without that. the federal reserve is on the brink of raising interest rates. >> that can all end.

do we have faith? >> less likely now, right? >> also, that itself a huge debate now. also, if we will talk about the negative side of this, the bears would say the fed has run out of bullets. good luck trying to get another stimulus if this, in fact, is a long-term decline we are seeing now, interest rates are at zero. where else are they going to go? >> the one reassuring point, stanley fisher who will be speaking on saturday has been through so many international financial crises, he's seen this movie before an he'sed a voized central bankers throughout. so rest assured, we got adults on the federal reserve. >> by the way, even economic children like myself can see. you know, even though, willie, i do debate nobel prize winning economists. in my free time, i did drop out of econ101 because of sports illustrated in the back row. you can look at it and see, this isn't the bubble of 2008. this isn't the tech bubble of 2001. evan, again, things are fairly

solid. this is the first time we've had an economy probably in a quarter century that hasn't been driven. a recovery that hasn't been driven by a bubble. it's slow and steady. it's not sexy. but guess what, it's not going away tomorrow. just like your microphone did go away. you can get it. this is "morning joe." this is not, this is whatever we have right now is not going away tomorrow. >> yeah, i think, this is really a sign of what an unusual period we are living in now. the fact is we think about china in ways that we never did a generation ago. we didn't have to worry about china's effect on the global economy. it's now the world's second largest economy. it's a part of our decision-making. i think the period is about recalibrating our expectations.

we will not get commodity driven. that's the process we are going through. the fact that that driver is coming to an end. >> evan, thank you for coming. we want to have you back. i want to talk to you more about your piece in new york where you say all trump supporters are racist. >> that should be an interesting conversation. check your inbox. it will be fun. it will be quite a reaction to that piece i would guess, evan. >> there is a good reaction to the piece a passionate reaction donald trump would say. that's not what pete says, not all donald trump fans are racist. there are racists among donald trump fans as fans i am sure of a lot of other candidates as well. >> evan, thanks. let's get together in the next day or two to talk about the piece. >> thank you very much. coming up, few details emerge about another hero whose

bravery prevents a massacre on a paris-bound plane. we go live to germany for his courageous story ahead on "morning joe." hey terry stop! they have a special! so, what did you guys think of the test drive? i love the jetta. but what about a deal? terry, stop! it's quite alright... you know what? we want to make a deal with you. we're twins, so could you give us two for the price of one? come on, give us a deal. look at how old i am. do you come here often? he works here, terry! you work here, right? yes... ok let's get to the point. we're going to take the deal. get a $1000 volkswagen reward card on select 2015 jetta models. or lease a 2015 jetta s for $139 a month after a $1000 volkswagen bonus. can you tell what makes them so different?. did you hear that sound? of course you didn't. you're not using ge software like the rig on the right. it's listening and learning how to prevent equipment failures, predict maintenance needs, and avoid problems before they happen. you don't even need a cerebral cortex

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we figure you probably don't have time to wait on hold. that's why at xfinity we're hard at work, building new apps like this one that lets you choose a time for us to call you. so instead of waiting on hold, we'll call you when things are just as wonderful... [phone ringing] but a little less crazy. we're doing everything we can to give you the best experience possible. because we should fit into your life. not the other way around. >> we have new details about how tragedy was averted on a paris

plane. yesterday we told you three were responsible for massacreing a potential massacre. joining us from germany, nbc correspondent kelly kobiaya. good morning. >> reporter: willie, good morning to you. there were smiles around year yesterday when they arrived. stone, active duty air force is in the building behind me. he received a medical evaluation today. we are told the mood is upbeat. >> that gash in his hand is supposed to completely recover. another american being treated in france is also improving this morning, a man whose bravery nearly cost him his life. [ applause ] >> reporter: a le ro's welcome for spencer stone and alex scarlotsa. an impromptu honor guard. more than 200 airmen and their families cheering them on as more details emerge about the

bravery of another train passenger, a french american, a musician and academic who confronted the funman moments before the americans disarmed him, tried to warn other passengers and was shot. his wife telling the story on french radio. >> he looked at me and said, i'm hit, his wife said, i saw the bloochltd i was so scared. he was going to die. the bullet went through mark's back and out his neck. spencer stone, his own son, almost severed, kept mark alive. >> i found what i thought to be the artery, pushed down and then the bleeding stopped. i said, thank god. i held that position until the paramedics got there. >> mark's sister paying tribute. >> it is very overwhelming once we realized our brother had been shot and almost lost him. to realize what he did, how he stepped in without giving eight thought, we couldn't be more proud. >> reporter: he is recovering in a french hospital, he will also receive a medal of honor and the

tributes just keep pouring in. there is talk of a parade in sacramento. another medal for stone. stone we understand is as i mentioned sill active duty air force. attached to a medical operations unit, trained guys if trauma care. this is someone who was in the right place at the right time and obviously had the right training. >> wow. can't give him enough parades or medals for what they did on that train. thank you so much. we heard about the three guys, then we saw that picture of spencer stone with his neck gashed plugging an artery to save this man's life. it turns out was there first, the french american guy began the confrontation. incredible work by the americans in there. >> while the people in the train huddled. >> the workers. >> they were scared. >> so what's coming up next? >> republican presidential candidate george pataki, why he says trump's immigration plan is anti--american. we'll be right back.

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hey with us now, we have republican candidate for president and former governor of new york george pataki. you are the perfect person to have here today. we have all been viving about new york city and what's been happening over the past six months, whether you talk to your neighbors on the upper west side or in other parts of the city, you know, things are getting, it's starting to look more like 1989, 1990. >> things are getting worse. >> cops are saying, they're telling us to keep homeless people on the greats, on the streets. in a situation that's not safe for homeless people a lot of mentally ill people. >> things are getting worse. a week ago, we have a mentally ill person, you see the homeless lying around all over the place,

what i fear we will see a spike in crime because of the clang in policing tactics, the police have been told to back off, not to proactively police. we changed the law in albany, let violent criminals out. leadership matters. we see the decline in the quality of life for the moment. i hope de blasio gets his act together and comes to his senses, i'm not optimistic. >> what do you say he should do right now? >> go back to proactive policing. quality of life crimes matter. >> stop and frisk? >> i would do that. quality of life crimes, yes, when you are out there, clearly a have a grant panhandleing, that is illegal do not allow that to happen. the first step is a quality of life. squeegy men and topless women. that itself new squegy plan and then it goes to violent crime t. bad drives out the good. we have been very successful if getting people to come back to new york from all over the world

i fear that could change. >> time's square 1993, after you became governor. after guiliani took over and bloom burg did an amazing job. how do we take the lesson of what happened in new york? it's a radical transformation. when the radical transformation i seen in government. >> time's square was the turn around in america for and probably 50 years and it was government. government worked with the private sector. you had the state and city effectively having a plan and bringing from the private sector after cleaning up quality of life and crime. leadership matters. it matters in new york and walk. that's why i'm running. >> i'm already prepared what we

learned, topless women are the new squegy men. >> except, mark halperin, you know squeegy men are coming back. i was having guys banned, going car-to-car to car. it was just like 19 european all over again. >> something we don't want back. governor, what do you think of the term anchor babies? is it the one you would ice? >> no, not a remember the i would use. a baby is born here. it's a failure of the system, if we allow pregnant women to come here for the specific purpose of giving birth to a baby. >> that is not a failure of the child of the baby. >> what's wrong with the phrase? >> i just think it is in a sense pejorative, particularly when used against latino families that have been here for quite some time. to me, the whole response of the trump immigration policy, we're going to round up 11 million people must them on buses take them to foreign places, send them back to places many have

never been to is wrong. that term has been used in conjunction with that. let me give you one example. trump's plan, a ten-year-old girl, born in the united states, does well, fluent in english. never been out of the country. never been to mexico, where her parents may have come from illegally. >> she's american. >> an american citizen, never done anything wrong. will you have police or soldiers go into that classroom, dprab that girl and say sorry your parents didn't have the right papers. we're sending you to a country have you never been to before, it's ridiculous. >> it's not going to happen. >> it makes deportation seem humane. they have used anchor babies if that term. >> that girl can be considered an anchor baby. >> are you shocked by all the republican candidates that sit there and say, hey, are you for appealing the 14th amendment? let me see, maybe perhaps, i'm not sure, of course, marco gets twisted up, no, i'm not. but i can see why another people would be for that and then scott

walker is like, i'm not going to talk about that. this is the 14th amendment to the united states, one of the most important amendments post-civil war amendments we have. >> it's absolutely crazy. first trump has a plan, it makes no sense, it's inhuman and unamerican. you can candidates like marco rubio saying i don't think it can ever get through congress. it's not that it can get through congress, it's a nutty idea in the first place, it's not that you will amend the 14th amendment. it doesn't make sense. it will never happen. republicans have to have a positive agenda, make them a part of our economy, allow us to grow things and create things so we are less dependent on china, for example. we can do with the right leader. >> many of your candidates were dismissive of donald trump's candidacy, he will drive up rite ratings, given the sustained growth and leads you had in these polls, national and in

important early states, have you changed your view of donald trump as a presidential candidate? >> clearly, he's tapped into an anti-washington nerve. there is an enormous sentiment. not just among republicans, independents and democrats, that washington is a corrupt insider game. we got to take it back from the insiders and give it to the people. having said that, the way he is doing it is completely wrong. he has tapped into that. we need to, i mean, i share that anti-sentiment. who isn't going to refer to a notet journalist as a bimbo. we feed someone to have a vision how we can bring americans towing and take it back from the insiders if ug what. i know if i have the chance. >> due believe he could be the nominee? >> i think it's conceivable. he will not be the president i think republicans want to win. we lost the last two elections. there is a lot of anger out

there. as cooler heads prevail. is donald trump going to be the next president of the united states? >> no. republicans want to win. they want someone to appeal not just the republican voters, beyond that base, i know i can do that. >> you rab a massive state we feel years. jeb bush ran a massive state for eight years. why are you better? >> i had a democratic state, a state assembly 103 democrats and 47 republicans yet got through a sweeping conservative agenda working across party lines. >> how'd you do it? >> i was able to convince them to give me a chance. we were talking about crime. i'd go to minority legislators, say, yes, this is a hard aim at approach. it's not helping someone on fifth avenue, with a doorman. you take a limo to work. you won't get held up. you ride the subway after the 4:00 to 12:00 shift, are you the victims of the violent crimes. give me aens ka. they gave me the chance. in washington, we're not going to be able ram through a republican agenda.

we haven't been able with both houses of congress to send repeople of obamacare to obama to veto. we need democratic votes. i know i getting things done, b if i have a chance to lead america, get them done by creating that bipartisan consensus we need to move america forward. the far right is going to say that's crazy. the last republican president to do that was ronald reagan who had tip o'neal as speaker of the house and had to work with democrats. >> i for one hope you're in the next debate. thank you for what you did for new york city, and actually along with rudy and other people, making this place livable again. let's hope we get that city back. >> we hope so. >> all right, still ahead, something is happening in saudi arabia that has never happened before. how women are making history in that country. that story when we come back.

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saudi arabia for the upcoming-mile-per-houral elections. that's because two women have reportedly registered to vote. it would be the first time ever that women cast ballots in that country. one of the two women said, quote, it's a dream for us. at least 70 women also plan to register next week as

candidates. however, women in saudi arabia still can't drive and need a male guardian's permission to travel, work, and open a bank account. >> unbelievable. >> one of my stronger allies. >> mika, i have to play this. >> no. >> so gawker put up donald trump's phone number, right? >> i'm running for the president of the united states. he turned it into an advertisement. >> together, we can make america truly great again. visit me at twitter at real d donald trump and check out my website. >> so, when gawker puts out your phone number and you know that millions of people are going to call -- >> you take advantage and you make it an advantage. >> again, like the two small people of the 1980s. >> coming up on "morning joe" -- >> take a disadvantage and turn it into an advantage. >> wall street will rise together. >> even worse.

>> after its nearly 600-point plunge yesterday. plus, as buzz keeps building about a 2016 bid for joe biden, we'll show you what the white house said that sounds awfully close to an endorsement from president obama and how donald trump would treat china's president at a state dinner. here's a hint. he's loving it. keep it right here on "morning joe." ♪ no student's ever been the king of the campus on day one. but you're armed with a roomy new jansport backpack, a powerful new dell 2-in-1 laptop, and durable new stellar notebooks, so you're walking the halls with varsity level swagger. that's what we call that new gear feeling. you left this on the bus... get it at the place with the experts to get you the right gear. office depot officemax. gear up for school. gear up for great. look more like a tissue box... you may be muddling through allergies. try zyrtec® for powerful allergy relief.

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>> come on. >> yellow? seriously, yellow? >> get in the car. >> oh, [ bleep ]. >> welcome to "morning joe." you remember that? that was a good bit at the white house correspondents dinner. >> things blowing up a little bit. >> lots to talk about. >> things are blowing up. >> this time yesterday, with us on set, mike barnicle and mark halpern, perfect for today. >> we have been saying for some time joe biden is going to get into the race. it looks like according to the "wall street journal" that's really what it is. the biden moment. right now. a lot of talk going on. and it certainly seems more likely than not that he's going to jump in. boy, the white house yesterday. >> yeah. >> they sent a strong, strong message to hillary clinton. >> yes, they did. >> and you can't -- the "wall

street journal" was saying this morning, you know, you are wondering whether they're sending a message to the justice department as well. >> who knows, but i will say when you got ready to hear josh earnest speak and others, you thought it was going to be tepid, stepping back. then you're like, wow. so another day, another flurry of headlines surrounding vice president joe bidebiden's intens for 2016. one source tells cnn, president obama gave joe biden his blessing to run. a spokesperson for biden said people are speculating about something they know nothing about. as that lunch was taking place, josh earnest was telling the press corps choosing biden as his running mate was the smarting decision he made in politics. >> the president indicated his view that the decision he made, i guess seven years ago now, to add joe biden to the ticket as

his running mate was the smartest decision he ever made in politics. i think that should give you some sense of the president's view of vice president biden's aptitude for the top job. >> so i assume that means the president would support vice president biden if he were to run? this is obviously a better decision than the secretary of state he chose. >> well. >> you said it was the best decision he made. >> yeah, it was. i think all of you and your coverage of some of the president's comments about secretary clinton have noted how warm those comments were. i'll just say that the vice president is somebody who has already run for president twice. he's been on a national ticket through two election cycles now. both in 2008 and in the re-election of 2012. and so i think you could make the case that there is probably no one in american politics today who has a better understanding of exactly what is

required to mount a successful national presidential campaign. >> all of us when we were watching this went -- >> what, what, what? >> really, what did we just see? in any other situation, he would say that is an endorsement. >> i have been skeptical about joe biden running for president. i just didn't think it was going to happen for a variety of reasons, until i watched that press briefing yesterday. because that is the spokesperson for the president of the united states who does not go out and say things without the blessing of the president, without the blessing of the white house. very specifically making the case of why joe biden would be the best democratic candidate for president. >> and he said just what he said there on this show. "wall street journal" brings it up. again, the best choice he's ever made in politics. obvious to everybody, including us here and jonathan karl there, that he also chose hillary clinton. that's obvious, and then saying

he's running two elections. node better qualified than joe biden. >> he wasn't equivocating. he didn't back pedal, say hillary clinton was great, too. >> he could have said hillary clinton wasn't a choice. >> i see the smile, mike. joe biden, man. >> i don't knewhat happen at lunch yesterday, and i don't know if the environmevice presi firmly made a candidate, but the white house has a candidate, and his name is joe biden. >> shockwaves when we saw this. >> for biden's consideration and the white house's point of view, there's one hand on the other hand. such affection for joe biden in the white house. such a belief that what hillary clinton did on the e-mails and how she handled it since is horrible. >> let's stop there for a second. people cannot overestimate, unfortunately for people who watch this show, that don't have regular interactions with the white house, that don't know people there personally, that aren't friends with people there personally, they don't

understand. the white house has been mute about the hillary e-mail up until now. so they may not know it. for people that know people in the white house and work at the white house, you can't overestimate the level of anger of hillary clinton taking the greatest honor that barack obama could have given her and then soiling it, ignoring the regulations, ignoring everything, and making it about the clintons again. i think -- i think that's what we may be seeing here. >> it's not just the original decision to set up a private server, but how she's handling it to this day. on the other hand, the white house is filled with political pros, cold eyed, clear thinking and they're worried about their friend joe biden who they love and respect getting into the race and not doing well. was josh earnest's performance historic and extraordinary? it was. he could have said 1,000 things different than what he said. there's still a concern if biden gets in the race, he doesn't do

well. doesn't raise the money, doesn't do well. it's clear they want to give him the room. he's earned the room. from joe biden's point of view, does he think he would be a better candidate and president than hillary clinton? you bet you. >> they want to win as well. and they look at the polls that hillary is carrying, the fact that just this past week in quinnipiac swing states, actually joe biden performs much better in general elections than hillary clinton. in pennsylvania, in ohio, and in florida. >> in michigan yesterday, it had her losing to jeb bush and almost losing to trump. >> we're watching a potential campaign that could really lift people up. that would be joe biden's campaign. some on the republican side, for whatever reason, it's happening too. in bernie sander's campaign, and a campaign that really almost blocked everybody out and treats them as if they're not intellige intelligent. >> if you believe donald trump can win the nomination and you really don't know anything about politics, if you're still going around saying there's no way donald trump can win the

nomination, you really should just go home. stay away from kitchen blenders. you're hurting yourself. it is a possibility. that he could win. if you believe that, willie, and you're a democrat, there's just -- it's obvious. joe biden matches up so much better against donald trump than hillary clinton. in just about every way. and what's the one thing that joe biden does that people have always criticized him for? he speaks his mind. he says things sometimes that he shouldn't say. i think he's good next to donald trump in that category. >> yes. >> david ignatius writes that very piece in the "washington post" this morning where he says joe biden is trump without all the trumpness, which is to say he's authentic, he speaks his mind, but he's got all these years of foreign policy experience and senate and getting stuff done. the white house has given joe biden room, but it remains joe

biden's decision. he hasn't decided to get in. does he want to go through it, does jill biden want to go through it? he'll have to decide if this time is different. >> now to the heated rhetoric between donald trump and jeb bush speaking in english and spanish at the texas/mexico border. >> this proposal is unrealistic. it will cost hundreds of billions of dollars. it will violate people's civil liberties. it will create friction with our third largest trading partner that's not necessary. i think he's wrong about this. if he was interested in a more comprehensive approach, he might want to read my book which i published four years ago. i welcome mr. trump into the debate. he's a serious candidate and he ought to be held to what serious candidates ought to be held by. [ speaking spanish ]

>> in response, trump retweeted a twitter comment saying, quote -- >> i'm sure it's very subtle. i'm sure it's based in policy. >> jeb bush is crazy. who cares that he speaks mexican. this is america. english. that wasn't the only clash between the time-out. bush's campaign launched a web video. >> where do we start with that? >> just don't because we still have to get to the stock story and the economy. political analysts criticizing trump's plan. he put out a web video of his own with footage of jeb bush's mother barbara bush. >> would you like to see him run? >> no, i really don't. i think it's a great country. there are a lot of great families. there are other people out there that are very qualified. and we've had enough bushes. >> what do you say?

where do you go? a political analysis of that? >> i like when barbara bush is saying there are other great political families. trump cuts in a shot of his own family. >> oh, my god. >> i'm sure that's what mrs. bush was thinking at the time. >> both at the time and since then. >> mother knows best. >> fantastic. >> what if they put $2 million behind that as a tv ad in iowa and new hampshire. >> they don't have to. it's going to go viral. >> a break-out moment. i look at him and say that guy worked on my teeth, i just know it. you know what i mean? >> oh, that he looks like a dentist? >> yeah, right. am i the only one? >> he -- >> i'm sorry. >> i think -- i think it's important that people -- >> my dentist is kind of exciting. >> people have to be who they are, and jeb is who he is. he's a very smart policy-driven

guy. >> i think he might be really funny, though. he's just not -- >> this makes no more sense to him than his older brother -- >> stop, that's not nice. now stop. >> no, let's just be really honest because everybody on the inside knows. this makes no more sense to him now than his older brother deciding out of nowhere to run for governor of texas in 1994. he's like, what, what? two bushes are going to run for governor. how cute. jeb's always been the one who stood in line, always the one who studied. always been the policy guy. he's the smartest guy, donald hates when i say this, the smartest guy in politics. i campaigned around bill clinton before, around jeb bush. there's a lot of bs mixed in with bill clinton. jeb bush is the smartest policy guy i have been around in my life. this has to be driving him crazy, mark halpern. and guess what, we don't want him in a mohair suit.

that's not who he is. you know, his father was always great except when he tried to be the country music guy that ate pork rinds, driving around washington, d.c. >> i'm cutting him slack because he lost like 40 pounds. jeb bush, i continue to believe if he continues along the path he's on, may benefit from the summer of trump because he's got the money and he's got the policy expertise, and the name i.d. but he is picking his spots. you notice they did not attack back on the barbara bush video. they were silent on that. what they want to do is use trump's policy proposals to tlie to introduce jeb bush to the country. that's their problem. jeb bush has to introduce himself. he's taking the immigration stuff and trying to explain himself. he'll do that on economics after labor day to try to contrast himself with trump to say he's the real conservative. here's his record. if he's disciplined, it could work. >> by the way, what we're seeing

around here as everybody in the media, jeb bush would say when he watched "morning joe" every day, hey, jeb, and baby seals for three hours straight, club them for three hours straight, which he sesays he enjoys. >> he's in colorado so he may still be asleep. >> the thing is jeb's not the guy who has to worry right now. we're talking about jeb because he's a prezusumptive front runn. he's sort of second place, got the draft. jeb's doing great. if they have a jeb/trump matchup, they're good. it's all the other people, the scott walkers, the marco rubios. marco rubio is gone right now. scott walker, gone. ted cruz, close to being gone. but he's probably the strongest of all of them. >> rand paul? >> rand paul, gone. mike huckabee losing to evangelicals. you can go down the list. donald trump doesn't challenge jeb bush right now. donald trump challenges the entire field. >> and jeb bush will raise

money, has raised money, no matter what trump does. the others don't have that luxury. >> i guess what i'm saying is, while we sit here and it look s painful right now and jeb is going down in an olive drab suit to the mexican border while donald trump is going down in planes. if i'm jeb, i'm just fine. >> still ahead on "morning joe," the very latest on how wall street will respond to yesterday's nearly 600-point plunge. austan goolsbee, the former chairman of the white house council of economic advisers will join us. plus, first it was horse carriages and then it was uber. now, mayor bill de blasio is taking on another major issue in new york city. topless women. >> i'm so glad he's concerned about uber and topless women and what was the other? horse carriages, when we have a homeless epidemic in the city. >> gets rid of them, what are we going to do with bill karins whose haa check of the forecast.

>> let me introduce you to tropical storm erika. we dealt with danny last week. this is this flare-up near puerto rico. this is erika, and this looks to be on a v-line for the bahamas. any time they're predicting a hurricane on saturday to sunday to be near the central bahamas, that has our attention because that's where the storms come from that hit florida or the southeast coastline. the cone of uncertainty goes to the dominican republic. further to the north, it would say a stronger storm and be more of a threat to the southeast. let me show you the computer models. they're wavy here, some of the south, some to the north. the most reliable european model, we'll hear that in the days ahead, has the storm lingering off the florida coast for three or four days the middle of next week. that would be an interesting scenario and one we definitely need to watch. if you have any vacation plans or live on the southeast coast, now's the time to make sure to have your preparations and stuff

done beforehand. do that now before people start rushing to the stores. forecast for today, rather quiet forecast. a little rain in new england. hot in the west with the fires and beautiful weather there in the midwest. leaving this shot of new york city. finally today, some of the humidity will be exiting. a much nicer evening today than we had last night. more "morning joe" when we come right back. do you like the passaaadd? it's a good looking car. this is the model rear end event. the model year end sales event. it's year end! it's the rear end event. year end, rear end, check it out. talk about turbocharging my engine. you're gorgeous. what kind of car do you like? new, or many miles on it? get a $1000 volkswagen reward card on select 2015 passat models. or lease a 2015 passat limited edition for $189 a month after a $1000 bonus.

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together, we're building a better california. all right, officials in new york city are continuing to explore avenues to rid times square of topless women. in a radio interview yesterday, new york city police commissioner bill bratton pushed a proposal to tear up the pedestrian plazas in times square even though they have been responsible for a decline in pedestrian injuries in the

area. bill de blasio is considering the idea and has considered a task force to consider the options. >> i like those pedestrian areas. >> you know what else they do? they save lives. they would rather people be run over and there's one sad story after another about the pedestrians killed in times square. these are painted. and yeah, if you go up and google, you can see they're topless, i'm sure, by looking at the pictures. >> but you wouldn't know. >> i wouldn't know, but i do eat lunch at the plaza all the time. >> stop. >> i don't, but seriously, we're talking about -- we're talking about saving lives. >> it's art. >> as far as -- i'm talking about the pedestrians. >> over the weekend, hundreds of topless men and women marched. >> what about the naked cowboy? >> what about him? >> he's a naked man. >> an american hero. >> no. >> let's talk about things de

blasio should be worried about more than two or three women who paint themselves and walk around in times square. have we noticed what's happening to the city? have we noticed we have people coming up, just the squeegees are coming. i swear to god, the squeegees will be coming up in the next month or two. the homeless are all over the city, increasingly so, all through central park. they're all on the upper west side. and by the way, if anybody is watching and saying, oh, joe is such a mean person. i don't live here most of the time anymore. but this is what it looked like in the '80s and the '70s. we're moving back to that direction. and if anybody thinks it's more humane for somebody to sleep outside exposed than to sleep in the shelters that we have all around the city, then they don't understand the case. but mike, i have no idea why bill de blasio, and i don't know if the commissioner, police commissioner has anything to do with this, but why they're

allowing homeless epidemic to start spreading across new york again. i have had a lot of friends saying they're going to move out if this continues. >> like you, i am a part-time resident of new york city, but even to my eye, you can see the changes in the atmosphere and conditions on the street over the past six or seven months. our full-time new york city residential correspondent is of course mr. willie geist. what have you noticed? >> if you live here every day, there's no question about it. we see more homeless people on the street, every day around our building. this has come up as an issue for the de blasio camp. they say it's because of the previous administration's cuts to the homeless budget. >> it's just a lie. just a lie. >> an nececdotallanecdotally, y it on the streets like you did in the bloomberg years. >> that's just a lie. by the way, unemployment is down. this isn't like 1933. this isn't like 2009. unemployment is down. the economy is better.

this isn't driven by people being in worse shape today than they were in 2009. our new york's economy being in worst shape. this is because bill de blasio, is he trying to be more humane? does somebody believe that exposing people outside and being outside in the dangerous situation -- >> why don't we have him on? >> -- is more humane? >> if you ask a beat cop, they will tell you off the record, confidentially, they'll say i'm not abole to do anything about it. new rules. >> they told the cops to let people sleep outside on the street where things are more dangerous for them? >> i don't know specifically what the order is to the police. what i know is this isn't about us feeling icky about the city. it's about people living on the street who should be in a better place. >> by the way, i'm not offended by it. let's not be politically correct here. >> i'm not being politically correct. >> let's talk about what's best

for people who are exposed sleeping on grates because some left winger thinks this is more humane. let them sleep on grates, let them sleep in central park where they can get beaten up. his is misguided liberalism at its worst, and i wonder how long new york city is going to put up with bill de blasio. we can elect liberals who give a damn about the quality of life here and aren't busy trying to turn this city into a social experiment. i love this city. i love new york city. i absolutely love it. i have been here for better part of ten, 11, 12 years. what happened to new york city from 1993 through 2012 is nothing short of a miracle. it's one of the greatest governmental miracles that has ever happened. in the past 200 years. it's unbelievable. anybody that lived in new york city in 1989 knows exactly what i'm talking about. this isn't about politics. it's about how this city and the residents of this amazing city

turn themselves around. and how people now look to new york city with love and admiration. especially after 2001. >> it has already changed. if the current mayor doesn't understand that things have gotten worse for everybody, then i think he probably will lose if he doesn't change things back because you're right. the miracle is being undone. >> yeah. so i was just going to say, we should probably have him on to talk about this. instead of just spew out -- >> we're not spewing out. this is the reality. >> come on. this is a fine balance. why don't we invite him? >> why don't you tell him to bring his squeegee. >> let's talk a tour with him. let's ask him to take a tour around our neighborhoods with him. >> and talk about how it was when bloomberg was here, when giuliani was here. >> two things to point out. calls to 311, the emergency line in new york city, are up 60% for homeless complaints since de blasio took office. the other side of that is the de blasio administration says it's

adding a billion dollars over the next four years to the homeless budget, particularly to treat those who are mentally ill. that's another side. >> i think that's the biggest danger, mike. you don't want people who are mentally ill, forget about for the children who walk past them or the elderly who walk past them. you don't want the mentally ill out on the street for the sake of the mentally ill. >> i don't think that's what the billion dollars is for. >> yes, it is. >> to put them out on the street? >> no, the billion dollars is to actually take care and treat them. when you have bill de blasio making sure that beat cops are told, just leave them alone, we can't do anything, let them lie there in front of the school. when bill de blasio's administration is telling police officers that, and see, nobody has the guts to say anything, so we're saying about it, and you're telling me don't spee. you're like those people who say don't talk about hillary's e-mail. it's not politically correct. >> i'm not. >> you're being that way. >> i'm not. i'm saying he should come in. >> a lot of liberal new yorkers

that are sick and tired of this happening with bill de blasio. he can run his social experiment somewhere else. he can go to philly if he wants to run them. >> i think he could handle engaging you on this. >> the homeless are always going to be with us. and part of the reason i think for the influx, the growing influx of the homeless are the lack of facilities where they can be housed or taken so they're safe from themselves, among themselves. there's another issue here, though, and it has to do with the times square situation. where you have topless women parading around and thoughts of breaking up the pedestrian mall that's down there, which is a terrific place for tourists as well as residents. and it has to do, when you're governing, when you're mayor or whatever, you make a series of choices. is the choice to destroy the pedestrian mall or is the choice to enforce some minimal municipal code you can't be walking around half naked. that's your choice. >> coming up on "morning joe," asian markets are in turmoil again. what can we expect from the dow

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this morning, u.s. futures are up sharply after china's

central bank announced that it was going to cut interest rates. this comes after the shanghai composite index plunged 7.6% this morning to reach its lowest point in eight months. yesterday, the dow fell 3.6%. 588 points. settling at its lowest level in 18 months. could have been a lot worse. we saw when the bell opened, we saw the dow plunge more than 1,000 points during the opening minutes of yesterday's trading. before rebounding. let's bring in cnbc's dominic chu. i was watching you yesterday morning. also former chairman of the white house council of economic advisers, austan goolsbee. i saw you yesterday as all of this was going down 1,000 points. i never -- i never really saw panic set in. and i don't think a lot of people in the street were surprised when a lot of people jumped in and started, mike, trying to get dedeals. >> it's like buying stuff on

sale, right? and this is in no way trying to pump the market. the idea here is we have seen an up market, a stock market for the u.s. that has tripled since the financial crisis lows and there have only been a handful of times where the market has pulled back since the financial crisis. our nation's central bank is involved, providing low interest rates, providing an environment that is very conducing to stock market investors. we haven't seen these kinds of pull-backs frequently. you can understand the mentality behind why they wanted to jump in. the question is all or not these gains hold. there's a lot of skepticism about this one-day pop we might be seeing in the market. >> the fundamentals. let's talk about fundamentals. when pets.com was trading how it was and you looked add their earnings fir s versing how muchs worth, you didn't have sense. you had the nasdaq collapse. same thing in 2008 when a lot of

numbers didn't add up. we had another bubble then. right now, the state of our economic union may not be fantastic, but it's pretty solid, is it not? >> look, i would say that's fair, and you know, if you measure the ratio of prices to how much profits and earnings thee companies have, it's nothing like the dotcom bubble. >> exactly. >> or some of the other big bubbles in the u.s. most of this drop is coming from china getting crushed. if we were in china, if this was "morning joe" in china -- >> we would be in trouble. >> i would tell you maybe it is time to panic. maybe it is 2008. in the u.s., this is largely just a reflection of them getting squished over there. >> you know, mike barnicle, the stock market right now, again, i'm getting out of the stock market as fast as i can, but if i were a wise investor, i would sit there and go, interest rates probably aren't going to go up. i'm not going to get return anywhere. but gee, if i get 3%, 3.5% from jpmorgan chase, if the dividends

come back, it makes right now with low interest rates, h historically low interest rates, it makes sense to put money in the american stock market. >> absolutely. if you have stocks today, as i do, not a lot of them, hold them. see what happens. i want to know, what's your sense of the impact on global economics of china? you get really a nontransparent economy, a nontransparent state with massive debt, and people in the stock market, nobody -- who are these people in the stock market in china? and what does the massive debt do, what kind of impact does it have on the global economy? >> well, you know, it's kind of a stinky brew that they have brewed up over there with this. we saw in 2008 and we saw in the asian financial crisis in the 1990s, if the people investing in markets can't trust the data, they don't know what they're

looking at, if the government is actively trying to destroy the information content of the prices, that's the kind of thing that leads to investor panics. that's what you have seen in china. the government just stepping in and buying up a bunch of stocks to try to prevent the prices from going down. so nobody knows what the prices mean. i think the impact on the global economy is clearly going to be felt and has been felt already for anybody who is making commodities, anybody who pruszs oil. that does have a negative impact on us if you look at the states where they're making oil. when the price of oil is this low, they're going to suffer a bit. the overall impact is sum up and sum down. >> so dominic, what are you looking for today when the bell rings? another wild start? >> could be another wild start, guys. we had so many stocks that were beaten down so hard over the course of the past few days, the question becomes what do people put on their shopping list to buy on this particular dip, if

you will, or whether or not they take some of the gains they saw over yesterday towards the end of the day and today, and start to lighten up. it's given a lot of americans in their iras and 401(k)s, a reason to reassess their stock profiles. there's a handful of names that always come up in our list for people showing interest. among the most searched tickers are apple, netflix, facebook. we'll see if there's action. a lot of traders think we'll see move for those stocks. >> some of the stocks dipped yesterday. >> netflix was good yesterday. >> netflix, yeah, ended up down and then up. dominic, thank you so much. austan, thank you as well. we love having you on. still ahead, already a busy morning on twitter for donald trump. when we come back, we'll show you how he's trying to paint jeb bush into a corner.

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we're tying ourselves so closely to asia, and in particular, to china, that this is going to be trouble for our country, and not only now have they taken our jobs and they have taken our base and they have taken our manufacturing, but now they're pulling us down. and we have to do a big uncupo e uncoupling pretty soon before it's too late. >> a man, xi jinping, he's the president. he's coming over. he's getting a big dinner free at the white house, addressing the u.n. if you were president, would you throw him a big dinner? >> i would not be throwing him a dinner. we've had this conversation. i would get him a mcdonald's hamburger and say we have to get down to work because you can't continue to devalue. we'll give you a steak dinner and what he has done is sucked all our jobs and sucked the money right out of our country. >> here's a guy, u.s. companies do it, they're doing it. you would be confrontational with the chinese? you're saying, i'm not giving you a dinner? here's a big mac?

that's what you're going to do? >> qi would give him probably a double sized big mac. it's not so much the companies. it's our government that allowed china to do this to us. >> i don't buy that for a second. >> boy, that's ross perot. 1992. that giant sucking sound that you're hearing. and talking about how stupid american leaders are with nafta. >> just get under the hood and fix it. >> the wto. let's get under the hood and fix it. that's ross perot's message from '92. and it's pretty powerful right now. with us now, we have senior editor for the daily caller, jamie weinstein. jamie writes his recent column why a market downturn would only boost donald trump's campaign. once again predicting we have reached peak trump, they need to re-evaluate the position. trump is the type of candidate who will only benefit in a period of economic uncertainly or calamity. only a man of his accomplishment

and insider knowledge he preached can make america great. for ordinary americans who see the stock market crater and fear the world may soon fall in around them, there could very well be a desire to seek the safety of a strongman, especially one who promises he'll make all their promises go away if america just trusts him with the reins of power. jamie, yesterday, this question was being asked online, on who this would benefit. i think you're right. i think an economic downturn or a stock crash only helps one guy in the republican party. >> yeah, i mean, look. when americans see 1,000-point drop, and maybe it doesn't affect them yet, but they fear what could this mean. could we be in a time of another economic uncertainty and calamity? then there's one guy on stage with perfect confidence saying i know what the problem is, i know how to solve the problem. what are my policies? it doesn't matter. just trust me. i'm a billionaire, i'm a winner. just come to the safety of a

strongman. that appeals to some people. >> what makes it more potent is the fact that china is the biggest part of this story. we can talk about interest rates. we can talk about a lot of other things, but china is the big story. if you're let's say caterpillar who has also produced well. caterpillar has been doing well, ge has been doing well, they have been building up china who has been growing at 7%, 8%, 9% over the past five, six years. this is the story of china's slowdown. >> and trump has got decades literally of experience talking about china and black and white terms that appeals to a lot of people. i agree with jiemy, at a time of crisis. these other candidates have to seem big and plain spoken. i think the perot example is instructive. in a time of crisis, people want plain-spoken explanations about what's wrong. even oversimplified explanation, and none of the other candidates, even people like kasich and bush and walker, people with experience dealing with the international economy

as governors, none of them are matching trump in clarity, simplification and clarity about what it is that's wrong and what they do about it. >> and toughness. >> it's really -- it verges on the amazing and the unbelievable. how the bottom has fallen out among all of the other candidates. >> really has. >> in that field. and in terms of the way people think of them. and you're absolutely right. i don't know that it will happen. nobody knows what will happen, but the fact that donald trump stands up there with certainty in uncertain times, people gravitate toward it. >> so donald trump is tweeting again this morning. and he's aiming his barbs at comments from jeb bush at the border yesterday. >> this is ludicrous for the clinton campaign and others to suggest that somehow, somehow i'm using a derogatory term. what i was talking about was the specific case of fraud being committed where there's organized efforts and frankly it's more related to asian

people. >> what are you going to do? what are you going to do, man? why are we having this conversation in august? why can't my party get its hand out of the blender? when hillary clinton has fbi helicopters swirling around her headquarters? and is basically saying please, please, i'm obstructing justice. please take me away. and we're talking about, it's really the asians' fault? versus the hispanics' fault. let me get this tweet in. donald trump, in a clumsy move to get out of his anchor baby dilemma, he blames asians. asians are very offended. i can't even read it. asians are very offended that jeb said anchor babies applies to them as a way to be more politically correct to

hispanics. with an exclamation. >> i'm surprised he only used one. he had a lot of characters. >> jamie, so tell me. when exactly is my republican party going to get back into the white house? in the year 2525? this is a mess. anchor babies, no, the asians' fault. not the hispanics. it's a mess. >> it's largely the trump factor. everyone is responding to trump. they don't knewhat to do. he's thrown this monkey wrench into a primary where most republicans thought they were going to have a great field. now they're all scrambling with what to do with trump. i don't know, if i'm jeb bush, do i want to get into a mudslinging contest with donald trump? he's the king of these fist fights. >> they always talk about how jeb is really great on policy, and one of the smartest campaign guys i have ever seen in my life. jeb, though, has a history of this where he'll say, it's really asians' fault. and it's an aside. he doesn't explain it.

and everything blows up. we saw the same thing with planned parenthood, and just as an aside, he talked about, maybe we spend too much money on women's health anyway. he was actually talking about planned parenthood. i remember back in his first campaign, i think it was, he was asked what are you going to do for black voters and he said probably nothing. which blew up, but he said i'm going to treat everybody the same, we're going to work hard for everybody. but that is sort of -- some of these asides, gratuitous asides, have caused him problems in the past. >> this is where he's not his brother's equal. if his brother were in the situation, he would have the daily discipline to pick the fight he wanted to have in a disciplined way and not make those kind of errors. >> his brother, too, you know, the classic moment of the debate where al gore comes up and stands in his face. his brother just looks like that and makes al gore look like a total idiot. his brother had a way of -- you

know, sort of puncturing some of these. >> they need to take trump on when it's in their advantage and define bush differently than trump. >> a mess. jamie, stawith us. up next, why polls inn three key swing states can cause problems for hopefuls who are backing the iranian nuclear deal. these numbers against the deal, pretty striking. we'll be right back. hey terry stop! they have a special! so, what did you guys think of the test drive? i love the jetta. but what about a deal? terry, stop! it's quite alright... you know what? we want to make a deal with you. we're twins, so could you give us two for the price of one? come on, give us a deal. look at how old i am. do you come here often? he works here, terry! you work here, right? yes... ok let's get to the point. we're going to take the deal. get a $1000 volkswagen reward card on select 2015 jetta models. or lease a 2015 jetta s for $139 a month after a $1000 volkswagen bonus.

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swing states show a majority of voters are opposed to barack obama's nuclear deal with iran. 61% of voters in florida, 61%. oppose the agreement. only 25% support. and in ohio, only 60% -- actually, do i have this right here? 58% oppose in ohio, 24% support. and in pennsylvania, 61% oppose the iran deal. 26% support. mark halpern, these are numbers that you would have seen on the panama canal treaty back in 1978-'79. >> the president has not changed republican minds in congress. he hasn't done much to change public opinion but he's probably going to get this through congress and have the veto sustained.

it's unfortunate because this would be bet toor have the country at least be divided in those states. it's not. >> the country is not divided. it's against this thing if you look at the key states. 61% of people in florida, 56% of people in ohio and 61% of people in pennsylvania think this deal makes americans less safe. makes the world less safe. mike barnicle, we've seen the president basically say my way or the highway. he certainly had a problem with republicans in congress. but we go back to that american university speech, and i wonder if he didn't miss an opportunity to pull more americans in on his side. >> i think parts of that speech were a mistake. in which you are blaming people for being against it. but this is not a government by public opinion poll. this is not an issue he's going to do public opinion polls. it's going to be the law of the land in five or six weeks.

it's going to pass. >> it's a heck of a way to pass one of the most important foreign policy initiatives of recent times. but i think you're right. it's going to happen. >> tomorrow on "morning joe," this is going to be interesting. james carville and mary matalin are going to join us together. we'll get her take on donald trump, james' take on hillary clinton and joe biden and both of their take on new orleans where this saturday marks the ten-year anniversary of the tragedy in new orleans in hurricane katrina. coming up next, what if anything did we learn today?

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get a free sample of depend at underwareness.com welcome back, kids. time to talk about what we learned. what did you learn, mike? >> guys that scott walker, marco rubio, and ted cruz, perhaps, i mean, we're going to play where's waldo games given trump has erased the field. >> i learned, too, looking at everything, jeb's actually in a pretty good position in second place. >> yeah. >> six months to go. it's the ones that are gasping for political oxygen below that have the most to worry about. what did you lurb? >> watching from the green room, you have a pretty impassioned platform to run against mayor de blasio. let it start here. >> let it end here. mark halpern, we learned about new york city's problems. >> i learned three words, twitter is powerful. >> okay.

very good. >> didn't know that before today. >> it's way too early, it's "morning joe." stick around, "the rundown" starts right now. and good morning, i'm jose diaz-balart. we begin again with breaking news from wall street. less than a half hour away from the opening bell on the new york stock exchange and in for a major bounce-back after yesterday's stomach churning wild roller coaster ride that saw stocks plummet here at home and around the world. but this morning, the futures are indicating a very strong opening. take a look at the numbers. all up. look at that. now, yesterday, it was a far different story. black monday is what many are calling it. the dow plunges nearly 600 points. the biggest losers, jpmorgan chase and united health, fell more than 5%. big oil companies, chevron and exxonmobil took big hits as well. as oil prices tanked along with the rest of the