opportunity to swipe at his potentially 2020 foe, joe biden, once again calling the former vice president, quote, a low i.q. individual, after north korea mirroring a statement of their own. joining me now from tokyo is our own kristen welker. how did the show go so far in tokyo? >> reporter: well, it's been a remarkable trip so far, ali, a trip of contradictions, if you will. on the one hand you have this charm offensive by president trump and prime minister abe, really working on their own personal relationship. they played a round of golf, president trump became the first world leader to meet the new emperor here, the optics very strong, but the messaging, he has essential broken with japan

on the issue. the about either recent missile test. president trump was asked about that overnight. he said those missile tests didn't bother him. he effectively dismissed them, saying he didn't -- despite the fact that his own national supreme court divorce had said as much upon landing here in japan, so real mixed messaging, and president trump making it clear he's still holding out hope for a possible dewithnoic, but also adds he's not in a rush to get one. the question is what will that -- to try to pressure north korea to abandon the nuclear ambitions. the other point that was so remarkable. typically leaders do not criticize their domestic counterparts on the world stage.

well, president trump has broken with that tradition, not a surprise, he's broken with a number of traditions, of course, as. , but he sided with kim jong-un, taking a swipe at joe biding. he said kim jong-un is right. and then the other issue of trade, ali. president trump had wanted to at least make some progress on trade talks. it doesn't look like that's going to happen. he has acknowledged unlikely he'll get a trade deal until and you have the july parliamentary elections here. optics and extra dixs. >> thank you so much, kristin. she's staying up quite late for you. the president may not take sure, but the topic is underably of great concern to japan, in no

small part because of the island's close proximity to the koreanian peninsula. the president is not on the same page as john bolden, or pretty much the rest every the world, whether this launch is a violation of the sanctions. let's be clear, it is. >> that's the general consensus. for japan, it may not matter to them that trump is waiting for an icbm to really react to the missile testing we've been seeing, but in the past we have seen north korea also test missiles that go over japan and splash down in the pacific. so it's not just a matter of what type of missiles that we're testing, really any testing is a threat to the region. >> let's just play what president trump said about this, and then we'll talk about it on the other side. >> my people think it could have been a violation, as you know.

i view it differently. i view it as a man who perhaps want to get attention and perhaps not. who knows? it doesn't matter. all i know is there's been no nuclear tests, no ballistic missiles going out. there have been no long-range missiles going out, and i think that someday we'll have a deal. i'm not in a rush. >> all right. so we already addressed the part where he views it differently than pretty much anybody else. but he says i view it as a man who perhaps wants to get attention. what do you think kim jong-un's mod investigation is. >> he's made it clear that he wants to ensure the talks continue and he's get something he wants along the way or willing to engage in more prove indications to press the issue. he also said by the end of the year, if the united states has not eased its position, willing

to give it's -- that the whole talk process mad by off the table. so he's trying to push the envelope, as president trump is trying to downplay what he's doing. >> because the president says they research nuclear tests, he views it differently. what is the dang of them launching them regardless of whether they're nuclear. >> all the tests obviously enable the north koreans to game more data, more expertise in launching these types of weapons. the missiles we saw most recently were probably of russian design, and something that i think the intelligence community thought was perhaps a new model of weapon that they haven't seen yet before. so any kind of testing, regardless of whether it's short range, medium range, long range, icbm, it always gives the north koreans more data and

information to work with. >> scott, let me ask you this. that said, what is economic property expert, and houf of a motivator is it, for so kim jong-un has made it clear that he wants to make slur that he's developing the country's defense capabilities, but also wants to develop the economy this is something different from what we saw under his father and grandfather who were most interested in dolphing to defend the country again u.s. and other enemies.

but he wants to remain in power. if that means that, as you mentioned, he's keeping the elite well fed with access to the type of luxuries that they like, that's fine. the people themselves, we continue to hear that food is scarce, that harvests have not been good, but for a regime like this, that's not really a primary consideration. >> scott, good to see you. thank for you joining us. scott siemen is the director at the eurasian group. he said a deal is possible despite 9 rising tensions. >> i'm not looking to hurt iran at all. i'm looking for iran to saying no nuclear weapons. we have enough problems in this world, and i think we'll make a deal. i think iran has tremendous

economic potentially. i look forward to letting them get back to the stage where they can show that. i know so many people from iran, theser great people. it has a chance to be a great country. we're not looking for regime change. i want to make that clear. >> i know so many people from iran, they're such great people. . during a weekend trip to iraq, iran's foreign minister says his condition will defend itself against any military or economic aggression. he also said iran wanted to improve relations with the neighbors and proposed signing a non-aggression pact with them. joining us is elise lab bbot jos

us. we're always talking about when we talk about the increased tensions. that was supposed to put a lit on these tensions. which is what donald trump would love now. we had that until he pulled out of it. >> that's right, the comments were exactly what the iran deal, you know, the shorthand jcpoa was about. the president saying we could have a deal if there's no nukes. he had that deal, what the administration said, what the president said was this other behavior that was more threatening to the region, such as its missile test, such as the proxies, hezbollah, the houthis in iran, and that's where you've seen the tension over the last

several weeks. you have seen some walking bam. the foreign minister said a couple tough things, but after the president made the remarks, the headlines are that the u.s. is walking back its war talk. you see that both sides are trying to de-escalate. i think iran would be happy if it would go back to a nuclear deal and continue its activity throughout the region, but this administration said that's not what it's looking for. now i think president trump gave a bit of that leverage away when he walk talking about all we're looking for are no new nukes. >> let's compare and contrast here. there's nobody who can say iran has been a great player in the region. there are people who think there would have been a better outcome that it would refrain. what the west doesn't like is iran meddling in yemen, in lebanon, in iraq, in syria, all

over the place. >> right. >> but in fact we fully support another regime in the middle east that does that. we are fully on board with saudi arabia that does very similar things. >> that's right, but this is the economic relationship that the u.s. has had with saudi arabia, whether it's owl, whether it's arms sales over the year. iran has been a threat to those countries, saudi arabia, the united arash emirates. what the u.s. has always been fighting is iran taking its rightful place in the region. the u.s. has said in order to do that, you'll have to stop using your proxies to stop destabilizing it. that's something that iran has never wanted to do. i think if there's a larger conversation between the u.s. and iran, it's going to have to talk about those type of activities. i think the nuclear situation, iran really, the whole idea of nuclear weapons is to continue to have dominance over the

region. it wants that influence. what president obama had says is the sawedist, the uae, will have to share the region with iran. i don't think that's something the saudis and uae are willing to do? would president trump be willing to do that to make a deal? i don't know, about but that's the kind of message he's sending. that's totally antithey cal to what his administration has said the last two year. a lot of people are breathing a sigh of relief that the populists did not have the surgeon that people thought might happen and how does this influence the brexit? >> they didn't have a surge. everyone was expecting a

landslide. they did make gains, but they didn't have the dominance that everybody thought. this populist, anti-eu, anti-immigration, anti-muslim did gain steam, so it's going to be hard to govern it. it shows a real division in europe. i think it's not as easy for the brits to say this is what they want. i mean, it doesn't help the brits in terms of making a deal with the european union. that's really still the key, whether the brits will have a hard brexit, a clean break, or whether they'll have some kind of accommodation that keeps britain in europe's embrace. if you hear people like boris johns johnson, who looks like he might

be the next prime minister, he seems to be the main front-runner, and he's threatening to pull out all together and leave the eu on october 31st if there's no deal. >> elise, foreign affairs journalist joining mess today. thank you, friend. >> good to see you. where is joe? most of the contenders are out on the stump, but not the man on top of recent 2020 polling. could biden's light public schedule hurt him? and we'll go to oklahoma where tornadoes and flooding are wreaking havoc. d flooding are wreaking havoc that needs to g. small things. big things. too hard to do alone things. day after day, you need to get it all done. and here to listen and help you through it all is bank of america. with the expertise and know-how you need to reach that blissful state of done-ness.

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there i was, flying across the room. that's how one tornado survivor described it. at least two people have died. this is what was left. in the oklahoma city suburb of el reno, and stayed on the ground for four minutes. the region was already struggling from flooding. carrie, what's going on? >> and over here, this is the

water. upriver, just to explain what a levee is, it's earth, and sort of the hill goes down, and as you come up. as we go way over there. we were a bit closer. you can see some video of the sandbagging that we're doing. the water you see over there has percolated underneath the levee, so what they're doing is trying to build up one more protection area in the event the water were to somehow make its was through a breached levee.

we're going on now 140 hours, and we're looking at probably stretching into next week. it's never -- it's -- you have minutes to react. >> in fact, to give you an idea, when you have minutes to react, the residents on the other side would have as quick to react as if a tornado was touching down. when the water comes through and the amount of water throwing is 275,000 cubic feet of water a sect, the most they've ever had, as you heard the may yore say, was back in 1986, that was 305 cubic feet of water a second.

it's not necessarily just the amount of water per spect, also the continuous pressure of all the weight of that water, and potentially causing one of the these levees we're standing on top of from breaching. ali? >> thank you very much. as most 2020 candidates focus on the man they hope to take do you, elizabeth warren is sticking to the issues. now there are signs that could be working can this momentum carry her to the nomination? you're watching msnbc. you're watching msnbc. can't see what it is yet.re? what is that? that's a blazer? that's a chevy blazer? aww, this is dope. this thing is beautiful. i love the lights. oh man, it's got a mean face on it.

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as the rest of the 2020 contenders use the long weekend to make their case, there is a big name missing. joe biden has no public events scheduled this past holiday weekend. according to his campaign, this new "the washington post" headline asks the question, campaign of limited exposure, how long can he keep it up? the piece go on that the light schedule retleekts the unique position with near-universal name recognition and high tess

favorability recognition. as the leader in early polls, he can atracked it without splashy events. joining mess is political reporter jonathan allen. jonathan, you have written voter in cab cause -- wants to be the candidates personally and often. sorry, that's not from you. that is "the washington post." there's danger that biden's schedule would reinforce a word that the president is already using -- sleepy. >> i love the author from "the washington post." one of the things remaining from joe biden is when he does get exposed to the public, when he does start talking to reporters more, is this going to be the

joe biden that folks are familiar with? he's been off the national stage, even as vice president, there was some level of limited interaction with the public. is it going to be the same joe biden? or the one that donald trump is talking about? the sleepy joe biden. i talked to a campaign official who said he did his launch, talked about recaptures the soul of america. talked about rebuilding the middle class and now he's huskered down a bit, trying to square away some of the pole plans he's going to roll out. that's what he -- and we may start to see more of joe biden as time goes on. he does have a bit of an advantage, in both having the name i.d., but also having gotten into this race later.

some of the other folks gout out there without having the policies fleshed out, and have had to move around a bit. so we'll see. is it the joe biden of 2016 and -- or is this a joe biden that may be slower as the president suggests? >> it certainly would feel that way with us in the business, but the country hasn't necessarily glommed on to the election. there are people who think ha handy capping this race in may of 2019 is a fool's errand. if you were joe biden, would you also go slow and steady? >> he's got 100% name i.d., leading in the polls right now. he's raising money as a really good clip.

the worst thing he could do is go out and be unprepared. i think at some point, if he continues to have limited exposure, that would be problematic. is he being hidden from the public? is there a problem with joe biden? for most voters, that's not a question. 49 states are getting less attention that iowa right now. even iowa voters probably aren't completely -- caucus-goers probabliant tuned it. more people are worried about getting ready for the beginning of summertime, making payments on their rent or mortgage. this isn't the critical time for voting. >> i am going to read something from you, a tweet you put out. trump doesn't seem to know how to deal with pete buttigieg. what's the best strategy right

now, getting under his skin or not? >> certainly i think think appreciate it when the president talks about them. it seems to elevate them. obviously the biden folks believe he is reinforcing the vie that biden is the front-runner by talking about him a lot. i think other democrats see that, that it's helpful to biden in terms of making him the issue and sort of central, but i do think the president's got a bit of an issue in not having figured out a couple of these other candidates. in talking to democrats and reps there's theories on that. one of them is the president has a sort of visual view of the world. he think being tv a lot, somebody who was on the "celebrity apresentition" and "the apprentice" as the central character, so harris and buttigieg may be a sharp

contrast for him. >> and mayo pete buttigieg coming from a minority group, as the first sort of major openly gale candidate running for president, cam a la harris, multiracial and multiethnic, these are people the president may have trouble going after without causing a backlash. >> jonathan allen, thank you. >> thank you, ali. bernie sander is joined by ben & engineer are's cofounder for their first of three ice cream social. ben & jerry's ice cream based in vermont has a long history of aligning itself with progressive initiatives. even drafting up his own ice cream flavor back in 2016 called bernie's yearning. it never hit shelves, and the

company announced it doesn't support political candidates, but the ice cream company did release a pecan resist flavor ahead of the mid terms, which they say he supports groups that fight president trump's agenda. elizabeth warren is steaming ahead, her campaign is working to turn her recent momentum into solid grass-rites support. she spent her memorial day weekend talking to voters in the hawkeye state. road war yaw alley vitali joins me now. elizabeth warren says she's decided to put the policy maker and developer in front. >> reporter: i've been talking with strategists how there might be a pitfall to that, but voters see it as a positive.

they want to hear the specifics, want to hear people talk about substance. when you think about it from the point of being 20-plus people who want to go up against donald trump in november, this is also a way to bless warren to stand out. it seems to be sinking in for voters, she is the quote/unquote policy person in this race. the t-shirts here and what some people ask is, i'm sure you have a plan for that. she's certainly leaning in, but there's an interesting way when he talk about policy, she does it through a racial lens as much as a policy plan lens. there's an example when she talked about education policy. listen to what she says. >> we have government right now that's playing the politics of division. divide people, divide black from white, divide those who were born in this country from those who weren't. divides those from those who

worship one way to another. the politics of division are who keep those in power at the top. there's a whole lot more of us than there is of them. >> reporter: so, ali, yes, she's got the policy specifics, but in so many policies, she does break it down through the racial wealth gap as well, when she talks about the way that government works. when it's something -- when you look at the forum a few weeks ago in texas, it might explain why she's making inroads across racial line. like you and i talked about last hour, she is getting into policy both from the head perspective.

when reporters ask her about specifications. but also from the heart perspective. >> nbc's allie vitali in iowa with elizabeth warren. tomorrow ckamala harris jois us tomorrow. watch requests the last word with lawrence don't" tomorrow night. impeached for what? the president hasn't been shy about using the "i" word on twitter. why some say they don't want to take the bait. you're watching msnbc. take the bait. you're watching msnbc. along with support, chantix is proven to help you quit. with chantix you can keep smoking at first and ease into quitting so when the day arrives, you'll be more ready to kiss cigarettes goodbye. when you try to quit smoking,

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don't start humira if you have an infection. help stop the clock on further irreversible joint damage. talk to your rheumatologist. right here. right now. humira. president trump returns home to a washington locket in a partisan battle over investigations into the president, and into the investigators themselves, but the tenor of the conversation is building to a much larger question, one the president continues to reference on his twitter feed -- to impeach or not to impeach? joining me is former federal prosecutor and nbc legal analyst glenn kirshner, it's not just about whether people want to see the president gone, but got to do with the process that in some case the administration is

stymieing. >> i think the administration and manages m-- may sink their own ship. to continue to urge to flat-out refuse to appear, ali, i think that's building a report that hopefully at some point the democrats will be able to present to a court of law and show that, you know, this is not a thoughtful assertion of a privilege by an administration on a subpoena by subpoena basis. this is a flat-out sort of refusal to participate, to, in the checks and balances that congress is not only authorized to perform, sudden but is obliged to perform. hopefully there's a strategy here, hopefully it's to give the administration enough hope, so to speak, to really hurt their

legal position. >> is the president trying to push impeachment as an outcome knowing the senate won't pass it, and it becomes a victory. >> he may be looking for a tactical advantage, by being ability to tout the familiar that the dems are overreaching, but i tell you, it becomes a problem when we are acting based on politics, and not on principle, when we have so much evidence, first and foremost, from michael cohen's guilty plea, showing that the president committed campaign finance violation, and then in volume 2 of the mueller report, with all these felonies offenses. you know, the only way the president may be able to keep from suctionfully being prosecutored is being being reelected. after 30 years as a prosecutor, i've seen a lot of defenses, alibi, mistaken i.d., straight-up reasonable doubt, i have never seen the defense of

reelection, but that may be what the president is shooting for to stay out of court. >> good to talk with you, glenn. thank you. >> thank you, ali. next, closing the racial wealth gap. black families own just a tenth of what white families do, and the gap is getting wider. why is that? and how can that change? we'll examine some specific possibilities. you're watching msnbc. you're watching msnbc. u're watc. are excited about the potential of once-weekly ozempic®. in a study with ozempic®, a majority of adults lowered their blood sugar and reached an a1c of less than seven and maintained it. oh! under seven? and you may lose weight. in the same one-year study, adults lost on average up to 12 pounds. oh! up to 12 pounds? a two-year study showed that ozempic® does not increase the risk of major cardiovascular events like heart attack, stroke, or death. oh! no increased risk? ♪ oh, oh, oh, ozempic®! ♪

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as the democratic presidential candidates hit the campaign trail this memorial day, one topic that may come up is the racial wealth gap, including the fact that a typical black family has only one tenth of the assets that a typical white family has, and that divide has only grown larger. . that same calculation was $20,920 for his spannic families

and just $17,409 for black families. what do the candidates want to do? new jersey senator cory booker is pushing for so-called baby bonds. his proposal calls for every child born in the united states, to receive a $is,000 savings fund that they can use as an adult. this fund would grow and by added to based on how much a family earns with children who live in poorer households getting a larger contribution. elizabeth warren has put forward several proposals aimed at addressing the racial wealth game, and her plan calls for cancelling up to $50,000 in student loan dead for everybody who makes less than $100 a year. warren says 80% of black families and 83% of latino families will benefit. warren has a housen plan as

well. she wants to create a downpayment assistance parameters for first-time home buyers formerly red-lined communities, where the government once participated in activities that denied access to mortgages. people who qualify will have a stanch at grant for a down payment. senator harris is lift the middle class act. harris says the legislation will benefit and uplift 60% of black families living in poverty. some of the other candidates have backed the 10-20-30 plan, it calls for a minimum of 10% of federal funding to areas where 20% of the population has lived persistenedly below the poverty like for 30 years. joining us is closer is professor specializing in

banking law, and author of "the color of money." professor thanks for joining me. >> thanks so much for having me, ali. as someone who works towards narrowing the wealth gap, or studies it, when you look at some of the proposals, what you do you make of them? >> the thing is the gap was created by federal, state and local policies over hundreds of years. when i see the proposals, i think, one, wonderful, and what more can we do? there's a lot that needs to be done. so housing, baby bonds, school, student debt. when we're talking about wealth, as you said, it's not income. the gap beyond the numbers means for a black child growing up, in formerly red-lined area, segregate, mostly black, mostly negroponte, low-wealth area, it means the schools are

underfunded, the lad respect to opportunity are usually broken. what it means for they families, there isn't community wealth or resources. so what you want through these federal policies is sort of this divergent system of wealth. so when we look at how do we solve this racial wealth gap, bring it on. whatever policies we can do to tackle each element. one of the things we need to look at also across the board is a full scale reparations program which would be looking at what was done wrong, how do we measure that and what can we do about it. a lot of people want to go straight to number three and say this is impractical. >> i was wondering. that's the issue. what are we solving, how are we solving it, and then implement policy. you make an interesting point in an article you wrote for "new york times" in which it is an op-ed where you wrote these programs fail because the benefits of capitalism always accrue to the owners of capital,

not to people living in enterprise or promise zones. using capitalism to fix the racial gap will work only if there's a means to transfer assets, wealth or housing. what's the practical application of that, how does that apply to policies we are developing now? >> so what we have done for 30 or 40 years, when we are talking about formerly red line areas that again were created by federal mortgage policy, all we have done is give tax cuts and incentives, from the clinton era, through obama, now comes opportunity zones program. we say big investors, private equity firms will give you a tax cut if you invest in this red line area, we call an opportunity zone. what it means is if you're going to be an investor and then you make the neighborhood better or revitalize it, you get the equity. best case scenario is people that live there maybe get jobs and things like that. talking about the racial wealth

gap, you need a neighborhood general tri fieing for people that live there to get a cut of increased equity. >> often that doesn't happen. often they're renters or there's no way to monetize benefits of gentrification. >> exactly. then those people are displaced to some other area. you see for whatever five to ten years when that gentrification is happening, quickly people are no longer able to afford rent, they certainly can't buy, have to move somewhere else. seen it in san francisco, new york, certain parts of the country. this is the problem with equity and income. if you don't own the place, you can't see the up swing in equity prices. >> let me ask you, earlier you put forward a program called homestead act for the 21st century, reference to a law abraham lincoln signed in 1962, that encouraged people to head west by providing them acres of

public land in exchange for a filing fee or promise to stay on the land for five years. you're focusing this on cities, and specific and low income areas. >> so the idea of the homestead act, i want to be clear, the first homestead act wasn't perfect. it displaced native americans from their land. this is different. it is meant to be the same spirit but hopefully doesn't have the same effect. you have certain areas of the country due to history of segregation and red lining where the housing market is essentially broken. looking at places like detroit, baltimore, philadelphia, even dayton, ohio where houses are going for something like $10,000 or less. banks will not lend into the areas because there are hypervacancies, morehouses are on the market, they're abandoned, blight. these are areas the communities can't revitalize. this is a case where an opportunity zone program would entice a big corporation like

amazon or some other investor to come in and buy up houses. and that's what's happening. private equity firms are booiuy a ton of houses, holding them, hoping for an up swing. i am saying the city takes houses into a land bank, hands them over to the current residents with money to develop housing. just like the fha this is public financing to revitalize a town and it is holistic. we're not relying on the private mashl market for benefits. we're hoping the people will get that once the houses revitalize, and we're using the federal financing akin to import export bank and other federal programs that are not funded necessarily by taxpayers but through bonds and treasury. it is meant to be a program that is self sustaining, like the fha was, the oshriginal fha.

people would stay 10 to 20 years, see that neighborhood uplift. >> all worthy of more discussion. by the way, i may have said he signed that homestead act in 1968, that was a test to see if my parents were watching, which they are. obviously he did not sign anything in 1968, i believe he signed it in 1862. thank you for joining me. appreciate the conversation. >> thank you so much. coming up next, honoring brave men and women that sacrificed it all for our freedom. you're watching msnbc. freedom. you're watching msnbc. [ "done melody" plays ] ♪ ♪ in big ways and in small,

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today is a day where americans pause to remember men and women that sacrificed their lives to keep the united states free. today, crowds gathered at the hallowed grounds of arlington national cemetery to pay respects. soldiers place a flag at every tombstone, bearing names of a fallen comrade. vice president pence honored them laying a wreath at the tomb of the unknown soldier. usually it is done by the president but the president is overseas. in times square, a one of a kind display of patriotism. today this digital american flag, largest of its kind, standing 350 feet tall was

dedicated to those that paid the ultimate price. see you tomorrow at 1:00 p.m. eastern and 3:00 p.m. eastern. find me on social media, twitter, facebook, instagram, snapchat and linked in. on this memorial day monday night, a look at how far from normal we have come during the trump presidency. robert mueller's findings, the endless investigations, staff turmoil, frequent departures, and a look at what's to come. the race for 2020 with a wide field looking to take on donald trump. this memorial day edition of the 11th hour begins right now. good evening once again from the nbc news headquarters in new york. this memorial day monday night is day 858 of the trump administration. an dimension that has taken us