more about providing them with access to the tools they need so they can create that opportunity, so when that tide of prosperity comes in, their boat rises too. >> i'm craig melvin in for katy tur this thursday. >> thank you. always good to see you. have a great afternoon. we begin with breaking news on prump president trump's travel ban. a federal court just voted to uphold one of the appeals on the ban. this one restricts travel from six predominantly muslim countries. justice correspondent pete williams joins me. you can say this more elegantly than i just did. >> i don't know about that. maybe differently is the way i would say it. this means the president trump can't enforce his revised executive order, limiting travel from six predominantly muslim countries. a federal judge ruled it was

unconstitutional because it violated religious freedom. the government appealed that to the fourth circuit court of appeals and today that court by a vote of 10-3 said the lower court judge had it right. the central issue in this case, ali, was statements by the president during his campaign that called for a muslim ban. and the appeals court today said it made it clear that no matter how the administration tried to dress it up, that the travel restriction was intended to be targeted at muslims, and therefore was unconstitutional religious discrimination. the vote was 10-3. they said you can't look at a campaign statement. you have to look at the words of the ruling itself, the order itself, and that the government had a legitimate national security case. the significance is this. you have this case on this coast. you have the other case based on a similar ruling on a ruling in hawaii that is now in the ninth circuit. both the appeals courts would

have to rule in the government's favor in order for the administration to begin enforcing the travel restriction. now we know that one appeals court won't so that means the ban on enforcing it no, matter what the ninth circuit court does, will continue for several more months. they can go to the supreme court and ask them to take the appeal. they can ask to lift the stay while it is in the supreme court. that would have to be the next step. we haven't heard yet from the justice department or the white house. >> our other big story, a smackdown in montana. instead of talking about the pro verbial tough fight between candidates, we're talking about the actual smackdown by a candidate. er he is charged with

misdemeanor assault because a reporter from "the guardian" asked him. >> you did the same thing. >> get the hell out of here. >> are you with "the guardian"? >> yes. and you just broke my glasses. >> you just body slammed me and broke my glasses. >> it's just very strange and mort identifying. i don't mind being brought up by politicians. and i am always terribly uncomfortable being part of a story. now it seems like i became the story. >> i myself was standing about two feet from both gianforte when this happened and jacobs. i did see the whole thing when gianforte body slammed him and then got on top of him and started punching and yelling at him. >> i think he should apologize.

>> i think he has more to say but there's no call for this under any circumstance. the people of the state of montana will decide today. >> sort of a wannabe trump. use language like that. few people like language like that. that's donald trump's model. >> we didn't have people body slamming when i was in school. i miss that had course. >> i believe we should all treat the press with respectful. >> the left has precipitated this tense confrontation al approach. >> keep in mind what that last congressman just said. the left has precipitated this confrontational approach. dot, dot, dot. so it's okay to hit a report he? you were there to cover the

election. a lot has come out since the election. we have a lot more clarity. some confrontations. walk us through this. >> a lot has come out this morning but not fm the gianforte campaign. we've heard the account of the fox news reporters who were in the room who saw this entire incident take place and we've heard more from jacobs about what he saw happened. and importantly, we're starting to flare montana voters. gianforte's only statement was to say this was an incident caused by an aggressive report here got in his face and who he had tried to sort of push away when this incident occurred last night. i've been talking to voters and i can tell you that his strategy of going to ground may very well be working. we talked to a number of quist voters who are excited to vote for their guy, that's the democrat in this case, they were embarrassed about the attention this has brought to montana but

i talked to gianforte supporters and some have embraced his rhetoric if not his action about journalists. take a listen. >> overall, some are pretty hard pressed with their feelings and some think it is okay to do something like that. >> what do you make of that? >> not raise that had way. >> i'm quite embarrassed that this is the state of american politics today. and i hope the people in montana show up and make sure that our voice is heard and we don't support this behavior. >> it didn't make me question my vote. i think he can do a good job. he has a business back ground. i know him personally and i think he can do a good job. i think he made a mistake in not holding his cool. >> and we're at the sheriff's department here where we've been told there will be another news conference tonight or this afternoon. they haven't specified a time about this case. at least one more act in this drama. >> let me and you a question.

aggressive reporting is something a lot of people are involved in. for journalists there's a bright red line. unless you know somebody, you don't touch them or go over there. the only people there saying this reporter touched gianforte are gianforte's people. the fox reporters have not said that happened, jacobs himself said he didn't do that. >> reporter: that's right. the fox reporters are the most interesting. they're a third party. they don't have a dog in this fight. they sort of lost their interview because of how this played out and they wrote on their website and said on tv that this was a gianforte initiated confrontation. that jacobs was just asking a question and they've been very clear on that point. >> what a remarkable story. thank you very much. >> let's go 2,000 miles east. these questions. the comments coming out of members of congress are pretty

incredible. what do we know that the ties he has in washington with the administration and anything else we need to know? >> well, this is the kind of race where republicans and democrats, political operatives of both sides say, if this guy manages to lose or even make this race close, then we know something is wrong. this is a bellwether. with the president's approval ratings as low as they are right now, with the controversies surrounding the president, it is bound to be a drag on the president as they head into mid-term elections. here's man in gianforte who lost to a democrat, the sail election day last november, that president trump won the same state by 20 points. what are the ties here? what are the indications that republicans are concerned? the congressional leadership und fund. he looks to put money into and goes around the country forest

has given the campaign $2 million. that coming from the house leadership pack. gianforte who is a wealthy individual from new jersey, said would be torth $300 million. he wrote himself many checks. some as large as $5 million. but outside money from the republican campaign committees and other outside groups vastly favoring gianforte in the race. in the last two weeks he's had campaign visits from vice president mike pence and from donald trump jr. and there is a controversy reported the in "the guardian," as it happens, the same newspaper that ben jacobs works for. it was under his byline. that among his assets is $250 million in a russian index fund which reports two companies that are the subject of u.s. sanctions in the wake of russia's invasion of crimea.

so a number of mate riches here. when you look at the money being spent and the xekss gianforte has, and the political history and climate in montana, it should not be a race this close. donald trump comes in at the last minute. came in with a robocall in support of gianforte. let's have a listen. vote for my friend, republican greg gianforte for congress. he is a wonderful guy. he knows how to win. he is going to win for you and i'll tell you what, the people of montana are going to be happy. >> as we've been noting all day, montana is an early voting state. more than half the votes have been cast. it will be hard to tell how many impact this has had when the final tallies come in. >>le of the ballots have been cast already because they mailed them. we'll have to study this all

when the results come in tonight. mike viqueira for us on capitol hill. several local newspapers immediately pulled their endorsements and one started their editorial like this. we are at a loss for words as people who wrangle words on a minute-by-minute basis, that doesn't happen often. i want to show you another paper. jamie, thank you very much for being with us. tell me what went on for your numb to make the decision to walk this endorsement back. >> reporter: i'm not a member of the editorial board so i'm not a decision make order what the words were, but they don't condone violence from any candidate, regardless who the violence was against, and they made that decision separately

all last night after the sheriff's office announced they had cited him for misdemeanor assault. >> what do you know about gianforte and his behavior in the past? >> reporter: well, his first run for public office was last year. and he has a history of sometimes getting testy with reporters or becoming flustered. which a lot of us just thought was him learning political graces as a first time candidate. there was an editorial board meeting at the missoulan. they were asking him persist tent question about refugee are resettlement. he started raising his voice, pounded the fist on the table and at one point threw his phone down on the table. that's the extent of any confrontations with the press. what happened last night was surprising for all of us.

>> have you had much reaction from the readers, people around montana as the news has developed over the last 18 hours? >> yeah. it has been across the spectrum. some were calling for him to leave the race or saying that this showed a lack of character that shouldn't be represented in congress. others were supportive of him. some saying this was just a mistake but they still support the work that they expect him to do in congress. noting that they had already cast their ballots or planned to still cast their ballots. and there were some folks who said that reporters have it coming. or that you know, he was in the right to attack this journalist. >> obviously when reporters become part of story and we have to report on it, that creates a bit of an issue for us. we don't want to bring ourselves into the story but at the same time, we're in the story. how does that affect your ability to report it and has that been a discussion in the newsroom? >> i don't really think it has been a discussion. we're treating this as if he had

assaulted anyone at a campaign event. we called the police, tried to get a copy of the police report, the citation. we reached out to witnesses. really for us, it has not been different than if a candidate attacked anyone else. even that in itself is unprecedented. >> i'm looking at your lapel. you have a stick per says you voted. this is a tricky issue. a number of ballots had been cast. by the time this happened last night. this is not a normal 11th hour story because maybe two-thirds of will montanans had voted? >> it will be tough to tell until all the ballots are in. we don't know how many will show up today compared to a normal election. a special selection always unusual. gently between a third and half the ballots in montana are cast by absentee vote. and we know last night that almost 40% had come in already. and montana is one of the few

states where you cannot change your vote if your ballot has been counted. it will be up to the voters on whether this back's serious issue for them. coming up, greg gianforte may have gone to an extreme when he got physical with a report he last night but at least one person is calling this guy a wannabe trump. we'll take a closer look at the toxic environment that trump created the moment he stepped on to the campaign trail. s nothinge important to me than my vacation. so when i need to book a hotel room, i want someone that makes it easy to find what i want. booking.com gets it. and with their price match, i know i'm getting the best price every time. now i can start relaxing even before the vacation begins. your memorial day weekend is very important. that's why booking.com makes finding the right hotel for the right price easy. find great deals now at booking.com.

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the montana candidate body slamming a reporter. look back to trump on the campaign trail. >> what i don't want is when i raise millions of dollars, have people say like this sleazy guy right over here from abc. he's a sleaze in my book. the very, very dishonest media. these are the most dishonest human beings. the phony press. the lying reporters. the disgusting people that work for the media. these characters in the media. the world's most dishonest people. they are the worst. by the way, i have to tell but the media. they are the most dhoinls people. they're worse than rubio and

they're worse than cruz. >> worse than rubio and cruz. the president's attacks on the media haven't stopped since he was inaugurated. he reported the fake news media is not my enemy. it is the enemy of the american people. for more i want to bring in glen thrush and the writer for the "wall street journal." you spent your time often in that white house press briefing room. obviously no one can directly blame what allegedly played out last night in montana on the president's rhetoric. but what do you think, do you think there's a connection? do you think greg gianforte has a bad hasn't and can't control himself or do you think it is all on the press? >> i don't think president trump has contributed to. this i've dealt with hotheaded candidates for a long time. i've been threatened by

candidates. you get pushed around by all kinds of people. not only politicians act like jack asses. you have a situation in which this particular guy blew up. trump is responsible for his own words. i think a lot of what he said is sthik. between 30% and 40% approval. that's just on the guy who is spewing it. i think he is going to realize this strategy the isn't going to work. i've seen this traffic on twitter. i would be, if i were folks. i would be very kaushls from drawing a straight line between trump and what this guy did. >> laura, what do you think? >> i agree. i don't think there's a line between the two but i think there's something damaging about what trump and others are saying

about the press and the legitimacy that these attacks are having. i think the problem is it allows people to think, if they don't like what the news is, that makes it fake and that's obviously not true. there is real fake news -- real fake news out there. and that's a serious problem. so i do worry about that aspect of it. what i worry more about in the administration is the actions rather than words. so for instance, something small but i think significant is the secretary of state rex tillerson is not taking reporters with him on his foreign trips. that's the kind of thing that's a real problem. i agree with glen. there are candidates who have been around since the dawn of the republic who wanted to or actually did hit reporters. obviously i think it is horrible. >> andrea mitchell constantly

trice to get a question in. not just on the foreign trims. doesn't take a lot of questions from reporters even when he is here in the united states. let's say, you both say you don't think there is a causal link between h president trump talks about the media and what greg jan fogianforte did. when this sort of thing does happen, regardless of what caused it. do you count on legislators to condemn this? >> it would be nice if they did. we saw ben speak out, a couple of other people in the house and senate speak about it. i think paul ryan had a real opportunity today when he was quizzed by my buddy jake sherman. and he gave a very insubstantial, shall we say, response to this.

the question that i would have is, how would paul ryan have reacted if a member of the press had shoved a member of his conference? i think he would be outraged. i think we would be seeing all kinds of activity going on in the house. instead, he said let the people of montana decide. i know there is a political imperative here. herring passed by only a couple of votes and every vote that paul ryan has counts. i should tell you, he is exceptionally accessible to the press. as he good guy when you talk to him. but i think we've come to a point where we need the politician who's are responsible and have a good relationship with the press standing up. i think the responsibility is more on frankly, on those people who have a good relationship and have a respect for the first amendment. i think if they don't stand up in instances like this, then we are really in trouble. >> the one thing, paul ryan's super pac has given $2.6 million to gianforte though he did say

he thought he should apologize. the relationship between press and this administration is a little bit sour. does it get better? is it possible? and what responsibility does the press have? >> i don't know whether the relationship will get better or not and i don't think you can lump everybody in together. obviously, president trump sets a tone from the top. and i don't know how the relationship is going to develop with him over time. i suspect that the interesting thing about the white house, while he is extremely hostile to the press in many ways, he is very good to the press. he talks to the press and we know la he's thinking. there's a lot more accessibility in many ways than we had under president obama who wasn't calling us names. so it is a mixed bag. so i don't have a crystal ball of what the future is going to, what it will contain, in terms of what the press's responsibility is, we have a

responsibility to conduct ourselves professionally. just because he wants to be in a war with us doesn't mean we have to be in a war with him. so we're going to treat him fairly. we're going to cover him aggressively like we would any president and the same thing f congressional candidates he was there. that reporter was there asking a legitite question about a legitimate topic of the day. one of the most disturbing thins, if you look at the statement put out by the candidate afterwards, he dismissed it as a liberal reporter going after him. the question that the billings gazette raised in withdrawing their endorsement of him this morning was, how do they know he is a liberal reporter, and number two, so what if he is? do you still get to shove him? so i do think we have responsibilities here. >> thanks to both of you for a great discussion. this just in to nbc. we've received a company of the criminal complaint and the notice to appear. the charge against jan the fogi.

purposely or knowingly caused bodily injury to another. we've learned the sheriff's office will hold a news conference in 30 minutes. the reports are that the white house is gearing up for a long battle with investigators when trump returns from his overseas trim. think legal communication and ram i had response teams all deployed on the president's behalf. got it. rumor confirmed. they're playing. -what? -we gotta go. -where? -san francisco. -when? -friday. we gotta go. [ tires screech ] any airline. any hotel. any time. go where you want, when you want with no blackout dates.

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president trump is deploying street fighters. do i have your attention? literally street fighters will be deployed to fight against any scandal that emerges once donald trump is back in the united states. here's some of the language being used. war room. ram i had response teams. quarterback planning and of course, street fighters. an actual word being used. trump preparing for his own special war maybe. an all out effort to quote, compartmentalize the scandals. good to see you. on the white house is embracing the fight which will last as

long as donald trump is president. the trump ally you quoted added, we're getting street fighters ready to go. interesting terminology. >> the trump administration is adjusting to what they're calling a new normal. they know the investigation, the leaks, they won't go away. ey'll last not just for months or years but for the duration of this administraon. maybe to have an infrastructure ready to respond. that's not just sean spicer or the president tweeting but people to push back. >> is this crisis management or a reset for the way the white house deals with the stuff that it comes up against in. >> it could be both of those things. they want to change way that they're fighting today. take this trim. ten days off. no major gaffes. it has been a pretty good trim from the administration's perspective. so come back and have a reset. push back against what they see

as the constant leaking, and also preparing for the special counsel's investigation which will go on for years. the report says they are trying to get the president to focus. maybe less tweeting. who or what can get that to happen? less cable news, less tweeting. >> that's the real question today. they want to make sure they can compartmentalize. they have health care, infrastructure, taxes, have some people focus on that and keep others dealing with the crisis administration and a way to get the president to differentiate. don't go off on twitter at random times going after the investigation. but focus on the agenda and not be distracted. >> please tell us about the one app that donald trump has on his phone? >> that's right. a great scoop from mike. you know what it is. it's twitter.

>> it was a trick question. and no one can delete that from his app. >> the staff would like it gone. >> thanks for coming on the show. all right. coming up next. what happens when a democratic socialist meets not ultra conservative budget director? it's not pretty. and a live look at the sheriff's office. about a half-hour from now, we're expecting a news conference for an upgreat against greg gianforte who assaulted a journalist.

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ask your doctor about lyrica. what happens when you put the senate's only ultra -- >> bottom line, let me get back to one question. why kouth the walt only family needs a $52 million tax break? >> my guess is you're basing that on the only tax assertion we have. >> the repeal. >> right. we want to talk about why we're appealing that, i would be more than happy to do that. >> tell me. >> because ordinary people are paying more. >> no. ordinary people do not have a wealth of $128 billion. >> the average increase across this nation -- >> you're not answering the question. answer the question. the wealthiest family in america gets a $52 billion tax break as

a result of the appeal of the estate tax. tell the american people when you think that's good when you cut medicaid. >> we don't cut medicaid. we're talking about repealing obamacare. >> 23 million people will not have health insurance. >> a cbo number which you just agreed could be wrong. >> i didn't agree to that at all. >> so we have two big stories. they're both related. i want to recap president trump's budget for facts' sake. the winners tunneled budget will be the u.s. military, border security, law enforcement over ten years, which is the way i like to look at budgets. the way forecasters like to look at they will. $500 billion. keep that in mind. the cuts are $3.3 trillion. medicaid cuts are being heard despite what you heard nick mulvany say.

medicaid programs being can you tell, welfare programs cut. 63 departments will see cuts $3.3 trillion oh ten years. now i'm moving to health care. aca is obamacare. versus obamacare. under the new health care bill. by 2018, they'll be 14 million more uninsured people. by 2020. 19 million more uninsured biffle 2026, 23 million more sured. here's another way to look at th. if we had stayed with obamacare, aca, by 2026, there would still be 28 million uninsured people in america. it did not fulfill its goal of getting everybody insured. under the new plan, the aca, american care act, by 2026, there will be 51 million. you heard him say we're not cutting medicaid. by 2018, the premiums under the new health care bill will be 20%

higher than under obamacare. by 2019, the acceleration will slow down. only 5% higher. by 2026, they'll be 4 to 20% lower than they would have been under obamacare. this is really important to remember. it doesn't mean premiums will be actually lower. on average, they will increase at a slower rate. another way to think about this. by 2026, under obamacare, insurance premiums should have slowed down their increase to the point that they were increasing 5.5% per year. still higher than inflation. still a lot but that's what it would have slowed down to. under the american health care act, that would be 144.4 and 5.3%. they're still going up. they're going up at a slower rate. and the insurance that you will get from this money in some cases will not be the equivalent of insurance that you might have gotten under boeing. nick mull availably said they're not passing medicaid. they're passing $834 billion

less which results in 14 million fewer enrollees. so that's the effect of the health care bill. before that, the budget. moving on. we heard from house speaker paul ryan about the new c.bo report. here's the clip. >> what cbo just told us is the bill will help lower premiums. i'm very encouraged by that. i think what members are concerned with, what is behind the cbo analysis about who gets insured and who doesn't, if you leave it to a person's choice, they'll make choice. if the government will stop forcing people to buy something that they don't want to buy, then they won't buy it. that's what cbo is saying. i think the lack of clarity is what has people frustrated. >> that's a remarkably interesting spin. the reason there will be 23 million people fewer with health insurance, if you have the

freedom, they won't buy it. we're taking you to the front lines of basic training as president trump considers sending more trumans to afghanistan. we're minutes away from a press conference in montana on the assault charges brought by house candidate gianforte. ready or not, here i come. ♪ anyone can dream. making it a reality is the hard part. northrop grumman command and control systems always let you see the complete picture. and we're looking for a few dreamers to join us. depend silhouette active fit briefs, feature a thin design for complete comfort. they say "move it or lose it" - and at my age, i'm moving more than ever. because getting older is inevitable. but feeling older?

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we should recognize with these chronic underpayments and growing threats, even 2% of gdp is insufficient to close the games in modernizing readiness and the size of forces. >> that was president trump meeting with all 27 members of fellow nations scolding they will about contributions to the alliance. at home the readiness of our own military has been the subject of debated. jacob got an up close look at the reality of today's u.s. army and president trump's plan to grow it. good to see you. tell us more about what you've learned. >> less than 1% of all merges serve in our military.

and as president trump considers sending additional trumans to ganls, there are some big challenges to recruiting people to jonal the army today. as i found out when i went to basic training. >> this is culmination. >> is this as close as it gets to basic training some. >> for these guys, yes. >> all year long the u.s. army puts would be soldiers through a nine-week basic training in georgia with one goal. transform civilians into soldiers. >> all of us have enlisted during a time of war. >> so you need them to think it is likely to deploy. >> if they do, they'll be a good soldier. >> feeling a little nervous? >> of course, sir. >> what did you think that feel like? >> it feels like freedom, sir. >> what is this the beginning of for you? >> serving in the army, get the

gi bill and become a pilot. >> a commercial pilot? >> yes, sir. >> let's take a look. >> it's nice. >> the army is in the midst of a build-up signed last year by president obama. president trump has called for an even greater increase one that would bring total active troops to a total of 540,000. but the army is already hard to get its 476,000 this year. spending $300 million to recruit just 6,000 more recruits. that's because a whopping 70% don't meet the physical requirements. why do you think it is a small fraction of eligible merge that's ultimately are qualified to end list? >> there's a fraction of our society that physical it kind of dissuades them away from it.

>> i joined recruits to see what they go through. physical on the ground. mental -- 30 feet above ground. and respiratory. in the tear gas chamber. >> take my glasses it's the real deal. >> let's go. >> take a deep breath. deep breath. in and out. >> the tear gas is coming out of the canister here. all of them are going to have to take their masks off. >> eyes open. >> how was that? >> it was worse than i expected but we survived. >> why do you sign up for this? >> i did it to better my family, my fiancee, when i get back home. >> is it worth it? >> oh, yeah. >> reporter: over a lunch of mres, soldier trainees get a rare moment to let the guard to down. >> i have people tell me i joined at the right time, the

election. >> why do they say they? >> something happens, overseas, given the case or here. >> are you afraid? >> it is what it is. >> what's going on with north korea and syria? >> just a lot of tension still. the president is talking about maybe sending people back to afghanistan. >> you guys really don't hear anything about that when you're here? >> we have no phones, no computers. >> our drill sergeant said whatever happens here, doesn't matter to us we're in the no zone. >> reporter: in the no zone, facing a future that today is in the hands of president trump. amazing, ali, to see what these young men and women go through at ft. benning. as for the 540,000 soldiers that president trump proposed during the campaign, in this week's budget request, the administration stuck with president obama's 476,000 troops. another indication, perhaps, that governing and campaigning are two different things entirely. >> glad we got a chance to spend some time with some of these young people who are putting themselves on the line, without question, to keep us safe.

i did hear someone who was getting their head shaved in the story, i hadn't seen it, i had some money on the fact it would have been you. >> it wasn't me. >> people would have paid good money to see that. >> you can sympathize, though. >> i'm all about it. maybe i should -- they're looking for recruits. i don't think i would pass the amount of stuff you did on there, let me tell you. jacob, good to see you. all right. coming up, keeping your money in the markets. i'm going to talk o an expert economist after the break who says this bull market could be around for years. the market could go up 50% from here. and we'd have trump to thank for it. the dow is at 21,081. we'll be right back after this. you are going to be 67. and on that day you will walk into a room where 15 people will be waiting... 12 behind the sofa, 2 behind the table and 1 and a half behind a curtain. family: surprise! but only one of them will make a life long dream come true. great things are ahead of you when your health is ready for them. at humana, we can help you with a personalized plan

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we're just moments awarom the closing bell on wall street. here's how things look right now. the dow up 73 points. standard & poors up. nasdaq up 45 points. i want to bring in yale university professor of economics, co-founder of the k. schiller index, nobel prize winner in economics. my friend. bob, good to see you. i've been watching you talking on tv about how this market is poised to go yet higher. at a time when some people are thinking it's been on a run for a while, why do you think so? >> i don't think i said it exactly like that. i said it -- you said this earlier, it could go much higher. i'm thinking of the last time -- last time stocks were as highly priced as they are now, that was in the year 2000 -- i'm sorry, late 1990s. they went up quite a bit until

early 2000. so it wasn't the -- even though they're highly priced, they can go up more. and if you compare the alternative of long-term bonds, they don't look impressive now as a return generator. so i think that -- what i was saying is it makes sense to keep some stocks in one's portfolio. with a reasonable attention to diversificatio diversification. i'm not thrilled and excited about the outlook for stocks. >> well, and you did point out that in order for them to gain as much as 50% from where they are now, a lot of things would have to happen, including tax reform. now, bob, you're a young man, but you've been around long enough to remember that real tax reform takes a long time. it's difficult. it takes bipartisanship. if we don't get the tax reform that steve mnuchin and donald trump have suggested we're going to get, will the stock market, will investors start to pull back and say, all right, we're not getting anything out of

this? >> well, see now, i think the markets are more psychological than maybe the aftvalanchftever does. yeah, if regulations on coorations are cut, at would boost the stock market. but the stock markeoften moves as it does for psychological reasons. and right now, i'm trying to judge that. i think it parallels back to the 1920s when warren harding was president and calvin coolidge. they were pro-business presidents. they weren't as business ore yechbted as donald trump, but hey, harding was a businessman, a publisher before he became president. coolidge's famous line was "the business of america is business." so people thought the government was pro-business and they got excited. we had the roaring '20s. >> the so-called animal spirits. there are people that think because donald trump is pro-business that he'll create an environment in which business can flourish.

>> well, absolutely. you know, he -- there's a deep sense of emotion here. loyalty. who is the government loyal to? our previous president was thought to be sympathetic to poor and downtrodden people. we have a president that doesn't show much sympathy to them now. so, hey, time to be a capitalist. >> bob, always good to see you, thank you for joining us. bob shillor at yale school of management, nobel prize winner in economics. we're minutes from the press conference at the montana sheriff's office, we'll get an update on assault charges brought against house gop candidate greg gianforte. a source close to the gianforte campaign tells nbc news the campaign raised more than $100,000 online in the last 24 hours with a very large majority of the donations coming in after last night's incident. think about that for a minute. that closes out this hour for me. as always, find me on twitter,

facebook, instagram @alivelshi. on snapchat. up next, "deadline white house," joe lieberman for an exclusive one-on-one for the first time since he's withdrawn his name from consideration for fbi director. hi, everyone. it's 4:00. president trump takes his turn on the world stage, and what a turn it is. the president shoving his way to the front of the pack, apparently this is what america first looks like at a nato summit. in brussels today, president trump played up his role as the alliance's dues collector and played down his role and america's role as the kind of ally who would defend a member nation facing a security threat from an adversary. the tradition known as one for all, all for one, established 68 years ago after world war ii. here's the president today. >> nato members must finally contribute their fair share and meet their financial