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i mean sign me up. comcast business. beyond fast. good sunday morning from msnbc world headquarters in new york. it is 7:00 in the east, 4:00 out west. welcome to "weekends with alex witt." alex is off today. i'm frances rivera. stock market warning. what the president says will happen if he's defeated in 2020. >> so, that's the pitch? >> no, i have no pitch. you know what i have? the economy is phenomenal. we've rebuilt our military. we're taking care of our vets. we're doing the best job that anybody's done probably as a first-term president. >> what to make of the president's message to swing voters in a new interview. the expectations as hope hicks prepares to testify on capitol hill. plus, too broke to spend. a new study about some of the youngest americans and their struggle to get ahead. new today, president trump

underlying his 2020 economic message as he will launch his campaign officially this tuesday. the president claiming that if anyone but him takes over in 2020, there would be a, quote, market crash, the likes of which has not been seen before. but one report suggests many economists and business leaders worry the president's ongoing trade wars could spark an economic downturn, and here's what he told abc news. >> i have no pitch. you know what i have? the economy is phenomenal. we've rebuilt our military. we're taking care of our vets. we're doing the best job that anybody's done probably as a first-term president. i think i've done more than any other first-term president ever. >> meanwhile, with just ten days before the first democratic primary debate, my colleague, alex witt, asked presidential candidate tim ryan how he plans to counter the president's economic message. >> i've been taking president trump on on the economy. it's not as good as he's saying. just because the stock market's up and unemployment's down. manufacturing growth is not happening in places like the

great lakes states. the shine's coming off the apple because the president hasn't delivered on any of this stuff. >> also new today, the president accusing "the new york times" of "virtual treason" after the newspaper reported the u.s. has escalated online attacks on russia's power grid. in part, that is to counter moscow's cyber operations. "the new york times" replied to the president, "accusing the press of treason is dangerous." the "times" said it described the article to the government and national security officials had no concerns. and amid all of this, the president told abc news he has been briefed about navy pilots increasingly reporting seeing unidentified flying objects. >> i think it's probably -- i want them to think whatever they think. they do say -- i mean, i've seen and i've read and i've heard, and i did have one very brief meeting on it, but people are saying they're seeing ufos. do i believe it? not particularly. >> nbc's mike viqueira is joining us from the white house. mike, a lot to break down, but

first, "the new york times" swiping back at the president on the cyber story. what more did he say? >> reporter: frances, it's a remarkable story, a lot of remarkable elements coming from "the new york times," reporting, essentially, that the u.s. is stepping up its cyber attacks against russia's power grid, its internal electrical and power infrastructure, this as a way of sending a message to russia to lay hands off america's cyber infrastructure. and perhaps the most remarkable aspect of this story, this escalation, this cyber warfare between the u.s. and russia -- according to "the new york times," the president was not told because officials feared that he would spill those secrets to the russians. you already outlined the president's reaction yesterday, his tweet calling "the new york times" the failing "the new york times," as he often does, calling it a virtual act of treason and asserting that the story is not true. and again, calling "the new york times" the enemy of the people. we've already seen "the new york times" reaction. they said they ran it by u.s. officials before they published

the story, and the u.s. officials gave them the green light. frances? >> all right. we'll see if the back-and-forth will continue with trump responding again. thank you so much, mike viqueira for us from the white house. joining me now is julia manchester, reporter for "the hill" and daniel lippman, reporter for politico. to both of you, good morning. >> good morning. >> we get started with you, daniel. the president touting the economy in that same interview. he claims that he has the support of minorities, so as he gets ready to officially kick off his re-election campaign on tuesday, how much does his economic message have staying power here? >> well, he keeps saying and hoping that mipnorities are goig to vote for him, but there is little evidence that that's going to be the case in 2020. and if you have a candidate on either, you know, the vice presidential ticket or the presidential ticket who is a minority, that is greater encouragement for minorities to show up against a president who,

remember charlottesville, that did not really attract a lot of love in the minority community for the president. and so, this is something that we should watch, given that democrats, they want to get minorities, but they also have to appeal to those white voters in middle america. >> yeah. when it comes to the poll numbers, though, and his message on the economy, it doesn't seem like that's helping. why do you think that's the case? >> well, frances, i think republicans have had a bit of a problem with messaging on the economy, at least from a macroeconomic perspective. and when you look at wall street, the economy does appear to be growing, despite a couple of anemic economic numbers that we saw a couple weeks ago that were released. but however, republicans have really, i think, struggled to capitalize on that message, even when it comes to the tax cuts. we know that president up there has frequently touted those tax

cuts. however, the republican party as a whole has been slow to kind of message on that, and you're actually -- i've actually heard some anxiety among republican strategists and consultants among this, so that's one reason why i think his poll numbers are kind of, you know, between that 40% and 50% range and have stayed there consistently. i also think democrats have been trying to capitalize on a message of saying the economy is very good on wall street, but it's not good on main street. so, president trump, i think this recent tweet that he sent out yesterday warning of an economic catastrophe in the case that he isn't elected is him, you know, trying sound the alarm bells and trying to almost create more of a sense of urgency to vote for him in terms of the economy. >> yeah, and hopes that the numbers will change, because i want to bring up some of the numbers here. the internal polling data from the trump campaign showing the president trailing biden in a number of key states. so daniel, how bad of a sign is this? but you'll say early on, but what does it indicate?

>> well, when you have your leaked internal numbers that are showing bad news for the incumbent early on, you know, that's, of course, a very bad signal, given that this was leaked by his own campaign, or at least someone who had access to these numbers, so they really don't have good message control at trump campaign hq. but i think it's a reminder that the president, you know, has to be taking re-election seriously. it doesn't look like -- you know, he hasn't even asked to see the budget for his 2020 re-election campaign, although he likes to approve some of the smaller numbers. and with his comments like "i'd take it" in terms of foreign interference, that doesn't play well with suburban voters, who even though they didn't care much about the mueller investigation, they don't want a presidential candidate of either

party to be basically inviting foreign interference. >> we know when it comes to 2020, early on, joe biden has clearly been a target of trump, but then there's also new reports suggesting that the trump camp is also focusing now on elizabeth warren. what do you think is behind that, julia? >> well, i think elizabeth warren has gotten a lot of attention recently because of her messaging strategy. i mean, she has in a very clear, concise manner, been able to push policy to voters, and you're seeing her target trump country. she's done numerous town halls in states such as indiana and iowa, and she's really trying to push that economic message. and you know, i've said this before -- president trump and bernie sanders, who shares a very similar base to elizabeth warren, are kind of targeting that white, middle-class, working-class, if you will, vote. and we know that vote in the midwest or in the rust belt very much flipped from the democrats in 2016 to president trump in

2016. so, i think you're seeing president trump, who maybe was a little concerned, or the trump campaign, who was maybe a little concerned about how bernie sanders would play for that vote, seeing elizabeth warren really edge up in the polls. so i think that's what's playing into that. >> and we'll see if there's any traction coming from the debate just ten days from now and how the president will factor that in as well. daniel, i want to ask you about "the new york times" story, the reporting here that two administration officials believe that mr. trump had not been briefed in any detail about this u.s. computer code, concerning that he would spill the details, share it with russia. have we seen anything like that before? >> yes, we have. office where h saying, you know, a great weight has been lifted off my shoulders, and he said stuff that we don't even know to the russians there. and so, this is an ongoing concern for the intelligence agencies because this is a president who has severely criticized them over the years.

he's seen -- you know, he thinks that there's a deep state of people against him in the intelligence community. there's no evidence that that is the case. most people who work at the cia and the fbi, they go there every day to try to protect america, not to try to oust the sitting u.s. president. >> yeah, and what does it tell you, julia, when it comes to the reporting here, saying that the "times" described this to the government, and national security officials had no concerns, and now you have the president calling it treason? >> yeah. i mean, to daniel's point, i think it does absolutely show a rift between the president and the intelligence community, which i would think to american voters would be extremely concerning. you know, obviously, you want the president of the united states to be 100% on board with officials in the fbi and the cia and the nsa, but there appears to be this constant rift. and i think the president, unfortunately, has really dealt a big hand in that rift by constantly tweeting and, you

know, blasting these officials. and i think that's created really a lack of trust between the two. >> all right. so, the conversation we're having now is four years since this moment, that escalator ride. i already hear the chuckles from both of you. how do you remember that day? and would you ever think, daniel, you first, that four years later, this is the conversation for us and the nation? >> i never thought that he would, you know, get that far as a presidential candidate. you know, at politico, we assigned one of the newer reporters, ben streckener, to cover the campaign. he didn't expect that to last as long as it did. and there's a great "politico" magazine story by michael cruz from a few days ago where he interviewed everyone who was at trump tower and remembers that famous escalator ride, and the fact that a number of the people who were watching the

president's speech there, or you know, donald trump's speech, were paid actors. and so, you know, they didn't think that -- or they didn't care that they were paying people to attend that speech. that's not something you're supposed to do. >> yeah. julia, what would you tell your 2014 self, knowing what we know now, what we've experienced now? >> yeah. so, at the time, i had just graduated college and was still living in ithaca, new york, hadn't moved to washington, d.c., yet, and i think at the time, you know, obviously, many of my colleagues would agree, i think a lot of us kind of laughed at this and thought, okay, well, you know, here's donald trump running for president. but then i think as we started to watch the debates and watch him really climb in the polls, and it was really, you know, kind of a meteoric rise for him in the polls. i mean, very immediately -- or it seemed like immediately, he was number one, and it kind of took a while, i think, for a lot of political observers to really take him seriously. and he has really fundamentally changed how we look at politics,

and essentially, how we look at campaigning as well. i mean, president trump has changed the way u.s. politics function as we know it, and i think he's also changed the coverage of political journalism. so, he's kind of thrown all of us for a loop, if you will. >> yeah, and it makes you wonder what kind of loop we're going to get thrown in again in the years to follow. to both of you, daniel lippman, julia manchester, as always, great to hear your perspective. >> thank you. >> thank you. >> thank you. getting a look at robert mueller's underlying evidence. what to make of what house judiciary members have said so far. members have said so far. ♪

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happening now in hong kong. these are live pictures of tens of thousands of demonstrators filling the streets. there is word that there may be a record number of those crowds there demonstrating. they're protesting a proposed bill that was suspended just a day earlier. it would have allowed suspected criminals to be extradited to mainland china. the demonstrations went on, despite the suspension. some could call the decision a victory, but many took to the streets, nonetheless, after last week's protests turned violent. now to former white house communications director hope hicks, who will be providing new testimony wednesday in the democrats' investigation into the president's campaign and actions detailed in the muller report. this will be hicks' second congressional appearance. in 2018, she refused to tell the house intelligence committee about her role in drafting don junior's misleading statement. and here's what congressman adam

schiff had to say then regarding her testimony. >> initially, it was made clear to us that it the white house had given miss hicks the same instructions that were given to steve bannon, and that is, not to answer any questions pertaining to the transition or to her time in the administration and only to answer questions up until the end of the campaign. again, this is a breathtakingly broad claim of privilege that i don't think any court would sustain, and i think the white house knows that. this is not executive privilege. this is executive stonewalling. >> all right, joining me now are two criminal defense attorneys, ashleigh merchant and danny cevallos. danny is an msnbc legal analyst. ashleigh, you have a member of the white house's counsel who will be present at that hearing. you heard from congressman schiff. how will executive privilege play a role here a year later and what's different? what's changed? >> i think one of the reasons

why they're having her testify in a closed hearing without her being publicly available is so she can fix something. if she goes further than she should, they'll have her attorney there and a white house attorney there. they're there to protect her, to tell her when she should and shouldn't answer. but if she does say something that's wrong, they can actually go and try to get that redacted from public view before the prescri transcript's made available. so i think they have extra protections there ready just in case she does go too far. >> multiple levels there. danny, alex witt spoke with congressman ted deutch yesterday. he sits on the judiciary committee, and emphasized the importance of her testimony. let's listen to that. >> she was a key part of the trump campaign, which a large part of the report is focused on. she was a key part of the trump administration in the early days, and that's the reason that she's a prominent figure in the muller report. all of those things that were described in the muller report

were a starting point that we get to ask about. then the questions will go from there. it's that kind of background that's going to help inform the way that this whole process goes forward. >> and that's the question, danny, from there where they go. how do they dig deeper than what's in the muller report and how do they get there with their questioning? >> this is a common investigative strategy, to target someone like hope hicks. she wasn't necessarily a participant in all of these communications and things that she observed, but she is an eyewitness. you go after the executive assistant. you go after the aide de camp, somebody that was president but doesn't have any personal liability, at least not as much as who you're targeting. in terms of getting to the information in the report, there is some information that has been redacted and complete transparency is not necessarily an absolute good in this situation. the reasons some of this information was redacted, the reasons that some of the information is not available is that it may be privileged.

it may also relate to law enforcement and investigative techniques. in this case, however, when we're talking about hope hicks and others who have left the administration, the government or the white house's power to prevent them from testifying diminishes significantly almost to zero. so, it's a reasonable inference that anyone who has left the administration and is choosing to testify, despite the white house's wishes, controls that ability to testify. they have the ultimate choice. >> interesting the level of how damaging this could be, ashleigh. and from a new op ed here in the "washington post," they argue that hope hicks' testimony could be so damaging that she will be a, quote, crack in trump's wall. okay, so, she was cited in the mull muller report 73 times. you outline the levels of protection there, but with the closed doors, does that lessen the impact that democrats are hoping for? >> no, because this is more of

an investigatory interview, more of evidence gathering, sort of like a deposition in a case where every a deposition ahead of trial, then you have the live testimony at trial. so, that's what this is going to be used for. they'll get her locked into certain testimony. they're going to find out other leads from her. so it's evidentiary. it's an evidence-gathering exercise. they'll also have her locked in under oath to certain testimony and they'll be able to follow up on that later on. so, i do think we will see her publicly testify one day. i think that this is just the first step to getting there. >> yeah, and what's more impactful when it comes to that, danny, when it comes to that testimony or the evidence here that's going to be played, or i guess, both? >> we've seen in just the last year that the spectacle of a public testimony can have some very real consequences. so, if you're in congress and you want to take down trump, then a public hearing is always going to be better because you still have the same access to the information you want, but you might have the added bonus of somebody sputtering and stuttering and maybe appearing

less credible or that they're being deceptive. that would further bolster the argument or the push for more documents, more witnesses, more evidence. but at its core, people are going to be pointing out that the mueller report itself, if hope hicks' information was that credible and that critical, it would have found its way into the mueller report itself. more likely, this is going to uncover information that's just supremely embarrassing to the white house. >> given that, danny, hope hicks, who played a key role in drafting the misleading statement dictated by donald trump jr. regarding that infamous trump tower meeting. and while she remembered discussing the damage the emails could cause when leaked to jared kushner and ivanka trump, the president in a meeting she attended refused to talk about the emails because he, quote, didn't want to know about it. so, what do you think the most important question is that hope hicks is obligated to answer, danny? >> frances, you've seized on exactly why a witness like hope

hicks can be so compelling. she was present. she observed. she's an eyewitness, but she may not have participated in the decisions that are questionable. plus, you have the added fact that many in this administration simply weren't aware of the potential laws that they may have been violating. that much is apparent from some of the communications that we've seen just to date. so, a witness like hope hicks may have some very damaging information, although not criminal, because we can assume that would have been in the mueller report, but it may show the inner workings of an administration that simply didn't understand the laws that it was supposed to follow. >> yeah. ashleigh, what do you see as the level of damage there when it comes to that and her corroboration on these events for the president? >> i think it could be extremely damaging because she had a very unique role with the president, and she was actually there for so many of these meetings and she witnessed, she took notes. she was the spokesperson. so, i think it can be very damaging. and i think just like danny said, having her testify publicly it just like what we saw with brett kavanaugh. when you saw him testify, you

could see his emotion, you could see his reaction, and that was what really was impactful about his testimony. you were able to actually view him. and i think that's one of the reasons that they don't want hope hicks to actually be viewed by the public at this point. >> all right, ashleigh merchant, danny cevallos, thank you for the insight. >> thank you. now to millennials and money. the new study that shows why many are too broke to spend. ♪ a wealth of information. a wealth of perspective. ♪ a wealth of opportunities. that's the clarity you get from fidelity wealth management. straightforward advice, tailored recommendations, tax-efficient investing strategies,

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and have professional monitoring backing you up with xfinity home. demo at an xfinity store, call or go online today. now to the morning's headlines. the phoenix police department is being sued for $10 million after a shoplifting incident at a dollar store last month. officers are accused of using excessive force by drawing their guns at a pregnant mother and her two daughters and for beating the father. the parents say they weren't aware their daughter had taken a doll, and officers say they feared the mother was reaching for a weapon. they are now under investigation. ♪ and wearing hard hats, the archbishop of paris, priests, and the faithful celebrated the first mass at the notre-dame cathedral after the destructive fire in april. the french culture minister says the church remains in a fragile

state, especially its vaulted ceiling, which is still at risk of collapsing. reconstruction is on hold until all the rubble is cleared. investigators believe the fire started because of a short circuit near the electric tower bells. also new this hour, escalating tensions between the united states and iran. u.s. defense officials making new claims about what unfolded aboard one of two tankers reportedly attacked in the persian gulf. nbc's courtney kube is monitoring developments for us from doha. she joins us now with the latest. courtney, what more are we learning? >> reporter: so, we know a little bit more detail about one of those reaper drones that the u.s. military is saying was targeted by iranians. this is the one that was shot at on thursday. so, the reaper approached -- right after the "altair" called a distress call, said that they had been attacked, the reaper was on station about eight minutes later. and about 20 minutes after that, an sa-7, which is an iranian surface-to-air missile, targeted

the reaper drone. it didn't hit it. it splashed down in the water nearby. but the u.s. military is now saying they believe that that iranian surface-to-air missile was targeting the drone in an effort to disrupt it from getting video of the next tanker, which was targeted minutes later. >> courtney kube, thank you. now to the economy. new numbers painting a clear picture of how millennials are spending their money and how much they have to spend to begin with. a new study found the average net worth of americans under 35 has dropped by 35% over the last generation. and companies are starting to take a closer look at how they target younger shoppers. ad week says it's all part of a growing body of evidence that suggests millennial consumers, for all their size and savvy, haven't exactly been the boom that many brands expected them to be. joining me now is sabeel marcellus, reporter for yahoo! finance. good morning to you. >> good morning, frances.

>> good morning. we jump into this. we've got this year the youngest millennials are now 23 years old. the oldest are 38. so, most of them are now in the workforce. so, what do numbers like this say about the state of our economy now? >> well, they're troubling numbers right now when it comes to the economy, because millennials have really been hit hard. let's remember, many millennials graduated into the recession, which was a really tough job market back in 2008. and because of that, those who were lucky enough to even get a job, their income has been very, very impacted by this. it's been very low, and they've been playing catch-up, trying to get the kind of salary that baby boomers were having when they were their age. another big factor impacting millennial spending is rising housing costs. so, over 80% of millennials actually live in metropolitan areas, but as you know, frances, when it comes to city rent, it can be very expensive. so, millennials are dealing with the rising cost of rent. and the third major factor that millennials are dealing with is

student loan debt. millennials have over $1 trillion in student loan debt. and to break this down a little bit further for you, frances, when millennials have over $30,000 in educational debt, they don't expect to pay that down for another 20 years. so, all those factors are impacting how millennials can spend. when it comes to discretionary items, fun items, like vacations and luxury items and services, because they're so focused on just trying to afford the day-to-day necessary items like housing and student loan debt. >> man, it is tough, making it tougher for them to instagram that awesome avocado toast. >> absolutely. >> that we'll say millennials are known for. so, what do you do when it comes to the companies here? what other challenges and how do they go about and able to market these millennial consumers? >> yeah, so for years, millennials were thinking, well, you know what, we're going to target millennials with marketing because they're such a huge demographic, ages 23 to 38. they're a quarter of the u.s. population. and they're known to be

media-savvy, culturally savvy, well educated and plugged in to technology. but the reality is that many of them are broke. so, what companies are doing is looking at their spending. and those trends are trending downwards. so, when it comes to spending for alcohol and eating out, that has remained relatively flat. spending on entertainment has gone down. and also, spending on apparel clothing. so, that has dropped to 3% of their income. baby boomers were spending a lot more on clothing. so, what companies are doing now is that they're focusing on items that they know that millennials can actually afford. they may not be on average able to afford a home or a car, but they can afford gadgets, such as iphones or nintendos or fitbits. so, that's what companies are doubling down on. >> that's interesting, because you know, iphones can go up to 1,000 bucks, all of those -- nintendo switch, a few hundred bucks there, too. >> but less expensive than a home. >> good point. good point. how do you think millennials will be able to make up some of

this lost income over the next decades or will their financial growth remain stunted, do you see that? >> so, their financial growth will remain stunted, but millennials are a very robust group, so they will try their best to catch up. but it's definitely going to take longer to meet those big, adult markers like owning a home. we're also seeing the trends when it comes to marriage and having children, that's also delayed by millennials because of financial reasons. >> yeah, so when we have the numbers overall, there's a way to look at it, whether it's the economy, but also just the way millennials are different, or both, they feed into each other? >> yes, absolutely. they absolutely feed into each other. i mean, millennials are struggling when it comes to finances, but they're trying to do the best they can. when you look at the stats, when they try to get a raise, it's usually just another 3% higher. so, there are a lot of challenges facing millennials, but you know what, they are media-savvy. they're plugged into technology. they'll figure this out and do the best they can. >> and living their best life on the gram, as so many of them do. >> absolutely. keep taking those selfies.

>> yes. sibile marcellus, thank you so much. >> thanks, frances. well, he barely registers in the polls, but he's a democratic presidential candidate with a plan he thinks will get americans better-paying jobs. that's next. and also, in celebration of pride month, nbc out presents the pride 50, a salute to 50 change-makers, rising stars, and pioneers of the lgbtq movement. well, that includes comedian ryan o'connell, creator and star of the netflix comedy series "special." the show, based on his life experience as a gay man living with veeb wall palsy. to read more about ryan and other pride 50 trailblazers, go to nbcnews.com/pride50. ilblazer to nbcnews.com/pride50

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now to the nbc news series "my big idea," highlighting proposals from the 2020 democratic presidential candidates. this morning, former colorado governor john hickenlooper with his plans for helping america's workers. >> what's your big idea? >> my big idea is skills training. and we are facing right now a huge skills gap. >> reporter: we met john hickenlooper at a high-tech medical supply factory in denver. the former colorado governor is mightily interested in jobs because when he first moved out west, he lost his. >> i got laid off as a geologist back in 1986. the government had nothing for me. 10,000 geologists lost their jobs. they just tried to, you know, teach us how to write a resume

and an application letter to get another geology job. there were none. >> reporter: so hickenlooper became an entrepreneur, started a brewery, which gbegat a strin of successful restaurants. he was mayor of denver twice, then served two terms as governor. >> in colorado, we have 12,000-14,000 job openings for cybersecurity. we're one of the big centers for that, and they're unfilled. >> reporter: his answer -- a public-private apprenticeship program called careerwise, aimed at young people who do not get four-year college degrees. kids start working in high school, earn, learn, and get college credit. how high an awareness do you think there is across most of the people in the united states of the actual pressing need for this? >> i think the awareness, in terms of what the solution is, is relatively low. and national presidential campaign is a perfect place to change cultural awareness. once we do that, then the solutions are right there. >> reporter: today, there are 7.5 million open jobs in the

united states. the jobs of the future will require new skills. giving people training to do them is john hickenlooper's big idea. harry smith, nbc news, denver. and for an extended interview with all of the democratic candidates, go to nbcnews.com/mybigidea. redesigning air force one. the president has some ideas and he's also talking about a different kind of flying object. that's next. a different kind of flying object. that's next. ♪

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what's your pitch to the swing voter on the fence? >> safety, security, great economy. frankly, i think we're going to do tremendously now with african-americans, with asians, with hispanics, because they're the lowest unemployment numbers they've ever had in the history of the country! >> that's the pitch? >> no, i have no pitch. you know what i have? the economy is phenomenal. we've rebuilt our military. we're taking care of our vets. we're doing the best job that anybody's done probably as a first-term president. >> all right, president trump two days ahead of his official re-election bid kickoff in orlando. let's bring in now bishop garrison, co-founder of the joseph rainy center for public policy and republican strategist brian darling, founder and president of liberty government affairs.

get started this morning with you, brian. does president trump think his re-election's going to be that easy? no pitch needed? he's going to be an in with minorities, economy's doing great, riding on the coattails of the last two years? >> first of all, happy father's day to all, especially my dad. i think this is going to be an election where president trump is going to talk a lot about the economy because the economy is doing great. unemployment numbers are at record lows. i think that's very helpful with every demographic. it's going to help across the board. so, you hear a lot of talk about that. and in contrast, he'll talk about many of the ideas coming from the left that will do damage to the economy. i don't think anybody wants to see elizabeth warren sitting in their boardroom breaking up big tech, which are our most successful companies in the country, taxing the rich, all the redistribution of wealth ideas that are coming from the left. i think trump will create that distinction and talk about how he's pro business where many democrats are antibusiness. >> and if he rides this economic message into 2020, bishop, in

essence, could democrats here be underestimating the potential of that message resonating with the swing voters? >> good morning. well, you should never underestimate how important the economy and jobs are to people. but look, we have a president that is continuously not upheld to the values and standards of what we expect from the leader of the free world. so, the idea that simply these voters are going to look and see whether or not they have some little amount of money in their pockets is -- i don't think it really jives with the reality of what we're seeing. we have a president that continues to threaten our allies over everything from their support of nato military budgets all the way to tariffs. and what we saw over the course of the last couple of weeks in the way weeks and the way he tried to pressure mexico, vis- a-vis through tariffs. it's going to continue to damage

us on the geopolitical scale. >> the president doesn't think so. he posted a tweet. he said, the trump economy is setting records and has a long way to go. however, if anyone but me takes over in 2020, i know the competition very well, there will be a market crash the likes of which have not been seen before. keep america great. ry brian, what that attitude, is that a wrong attitude to have about how well america is doing and its prosperity that it can only happen under his watch? >> i think what he is saying is look at my policies. they worked. you look at the regulatory reform that the president had been pushing. it's helped economic growth. he's a pro-business president and the businesses look at it and they're hiring people and feeling good about the economy. even with the threats of tariffs, we didn't see that big a hit to the stock market. he says, look at the opponents.

they're going to kill the economy with policies that are anti-business, that will not make america great again. >> we also have, bishop, this prediction of a stock market crash of historical proportions. >> tax cuts worked for whom? they didn't work for the american people. we see one of the biggest deficits of businesses paying the taxes that we've seen in the history of the american economy. it is going to catch up and it's going to hurt us. the idea that these incredibly draconian principles and ideals of what the economy should look like are not helping the middle class. and they're not going to, simply because people in this last tax return time got a little bit of money back in their checks is not going to work for us long-term. we're going to see the effects of it. and they're coming in short

order. >> it is sad that the left is rooting for a recession. >> i'm not rooting for a recession, brian. i don't want to lose money. i like money. i enjoy money. i adore money. but the idea that these tax cuts and these types of tax principles are going to be prosperous for everyone is fiction. it's not truth. >> let's jump into that, when it comes to the president's prediction that there's going to be a stock market crash if he's not president. brian? >> i don't know if there will be a crash. but i think the stock market will take a hit. if you have elizabeth warren saying she is going to break up big taxes, and the companies taxing the superrich, as they call them, those are the job-creators. a heavy tax, heavy regulatory policy, when you're using the power of government to break up big business, is going to destroy the economy. i agree in the sense that it's not going to help the stock

market to have those types of policies in place. >> the stock market has been on a rollercoaster ride of emotions, since the president took office. and the things he does in terms of tariffs, in terms of relationships with our allies. the idea that it will -- it's not going to crash because it needs him for stability is just foolishness. >> let's move on here. i want to get your take on this. when it comes to the president's interview here with abc news, he was taking about air force one and the redesign. >> we added things and i got $1.6 billion off the price. >> is there a pod or not? >> a pod? >> you've seen "air force one"? >> yeah. >> the pod that flies out of the back. >> i can tell you, there are a couple of secrets. i don't think we should talk about it. >> we're talking about the redesign, and the comparisons of

the personal plane and the macup designs of air force one. why are we talking about an air force one redesign? why does the president want to jump into this? >> i have no idea. this continues to be one of the principles that the president wants to get into the nooks and crannies that he shouldn't be involved in. we shouldn't be discussing the redesign of air force one let alone his personal touch on it. we have a government and they know what's best in terms of the look, the functionality, everything about that aircraft. the president should not have a concern about this in the least. >> intriguing what the secrets are, a couple of secrets that the new redesign would have. another moment from that interview, the president weighs in on the debate. not about things in the air like air force one redesign, but about ufos. let's listen to that. >> i want them to think whatever

they think. they do say -- i mean, i've seen and i've read and i've heard, i did have one brief meeting on it, but people are saying they're seeing ufos. do i believe it? not particularly. >> between running the government and the country and a new campaign coming up, we're talking about ufos and having a meeting about it. >> he said that some members of his administration have seen ufos. some in the military witnessed them. it's easy to make fun of them when he gets these questions. he'd been asked these questions and he's answering them. i, like him, am a skeptic about ufos. he says if there are individuals in the administration that's seen them, people should take that seriously. >> what was that meeting about? detail about the ufos. on this father day, thank you so much being with me. >> thank you. capitol hill will be hosting a hearing on reparations this

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and that will do it for me on this hour of "weekends with al alex witt." now, it's time for "up with david gura." ♪

this is "up." i'm david gura. new details on the cyber war between russia and the united states, detailed in a bombshell report in "the new york times." president trump calling that story a virtual act of treason. and this may be what set him off. >> a report has that u.s. president trump has not been briefed in detail about the operation. thousands of protesters in the streets. there's been several demonstrations this week. now, they're calling for hong kong's leader to resign. >> the crowd keeps getting bigger.