has passed and that is the wall street reform which is a key measure that reins in the abuses of wall street to make sure what happened to the economy never happens again. >> tucker: you fell right into my trap. i was going to wait to hit you with the facts until the end of the segment but here we go. under the president obama the dow jones average rose and that doesn't benefit everybody. the top 1% share of income rose from 17% to 22%. in other words, the majority, the overwhelming bulk of wealth created under president obama went to people that were already rushed. saying he crushed wall street is ridiculous. >> but if you're saying they liked the reform legislation have you another thing coming. the republicans are unveiling a new legislation next week to repeal that piece of legislation which is backed by the wall street banks. it's a wish list for the wall street banks. if you're asking which party is for the wall street banks and which is against we're the party against. >> tucker: so you pay if you make a lot 40% in income tax. that's the top rate. somebody working 9:00 to 5:00

so for now, wall street is comfortable with the size of marcron's lead. the outcome of the next round of voting is not a slam dunk. when you let la pen outperform marcron. neil, france has a high level of youth unemployment. you'll probably get to this later but the market loved the idea of tax cuts, probably 15%. president trump's official plan comes out wednesday. >> neil: that's that 15% they're looking forward to, the corporate rate land he's going to on wednesday outline his plan on individual rates. we have a lot he's going to throw at investors that they seem to like or have been telegraphing that they would like. do they sell on the fact once it gets out there or do they wait until it's approved, if it's approved? >> for a while, 15%. we stopped talking 15%. we were thinking the best case scenario, 20, 25%. they don't stop the rally. you break out the confetti if you can get to 15%. >> thanks, charles. for the benefit of this segment, charles le pen. free stuff on cable. nigel helped lead the brexit movement. the whole world was saying don't think

that wall street executives like the wall street reform legislation, have another thing coming. >> tucker: the big banks got bigger and the little banks got smaller. >> their publicans are unveiling a new legislation next week to repeal that piece of legislation which is backed by the wall street banks. it is a wish list for the wall street banks and severe asking which of the parties are for the wall street banks and which ones against, we are against. >> tucker: that's a top rate. someone in private equity working a regular job, >> he pays half that. there's something called carried interest. it's a loophole they left in for eight years. it allowed the richest people in our country to pay half the taxes you pay. >> was not going to fix that as a tax reform legislation. >> tucker: i'll be the first to bark about it. spilling should be parking about it right now because they put out the details of it. and it is a big wet kiss to the superrich, to the wealthy, the corporations who. >> tucker: how could it be wider than the kiss that the obama administration gave? this was the whole point o

even -- even keeled, and consultants are even keeled so you seem to , be an even keel guy, but wall streets are thought to be people who throw things at walls, screen, yell, slam phones down. is that image wrong? or do you actually actually throw things as well? you see modest and controlled in your personality. are you used to ceo's who are throwing things? james: if you are the seventh of 12 children, you don't want to be the thrower. that's not likely to end so well. i think part of it honestly is just personality, and that probably helps shape you. i think these businesses have 30 year transition from very tightly held five-year partnerships were frankly personal behavior, taking more risks because it's run money, etc., etc., was par for the course. whereas now, these are big global corporations. we are relatively small among the big banks. we have $2 trillion in client assets, a $1 trillion balance sheet, 55,000 employees all over the world. these are major global corporations. they have to behave and act like major global corporations. i don't see any of those executives behaving the

fire wall street and then rehire them in my cabinet. so, let's talk about what matters to the american people. in terms of policy if you want to talk about wall street. >> how often do you talk to the president? >> i have no complaint that i don't talk to him enough. >> so you hear from him with regularity? >> no, i wouldn't say -- i talk to him enough. i have spoken to him. i've spoken to his administration about issues. we have a courteous, cordial respectful conversation. but -- i always grant people their position. i respect what you believe in. what you have come to do. i'm not absolutely sure what he believes in yet. but if it's reflected in his budget, we'll fight that. but he knows that. and -- so i think we have -- i think we have a -- shall we say, an understanding. >> leader nancy pelosi, thank you very much for joining us. >> my pleasure. >>> we'll be right back with "the roundtable" and a look at

australians seem even keeled, and consultants are even keeled, so you seem to be an even keeled guy, but wall street ceos are thought to be people who throw things at walls, scream, yell, slam phones down. so is that image wrong? or have you just succeeded even though you are low-key or do you actually throw things as well? [laughter] james: you seem modest and controlled in your personality. aren't you used to ceos who are throwing things? james: i think if you are the seventh of 12 children, you don't want to be the thrower. that is not going to end so well. no, i think part of it is honestly just personality and that probably helps shape you. your family obviously does. but i think these businesses have been on a 30-year transition from very tightly held private partnerships where frankly, more extreme the personal behavior, taking more risk because it's your own money, etc., etc., was par for the course. versus now, these are big global corporations. we are relatively small among the big banks here. we have $2 trillion in client assets. we have $1 trillion balance sheet, 55,000 employees all ove

"wall street week" asks steve ing. gary: almost immediately after suffering a defeat for healthcare, the trump administration is pivoting to tax reform. trish: are the republicans going to be able to work together on tax reform? and what would a bill look like that could get through the house and senate? our next two guests are the two most sought-after names with it comes to tax policy. we have steve forbes, along with americans for tax reform groample norquist. steve, this has been your platform and grover's platform for some time. in light of the lack of savings they were anticipating from healthcare reform, can it still be done? steve: it can be done. one of the things the relationship cans have to do in congress is stop worshiping the congressional budget office. they need to go for a sweeping tax cut, rates across the board. say to heck with the cbo. get it passed. then make it retroactive to january 1. people see their paychecks are getting bert and they set the stage for investment which they need next year. tr

very low-key by wall street standards.d me a story where you came back and went out to pick up some pizza. now when the ceo of morgan stanley, can't you get somebody to deliver the pizza to you, or how come you have to go pick it up yourself? james: i don't regard the ceo thing as defining you as a person. different, but you onceto be able to do you're not ceo for that not to materially affect you as a person. a lot of people have seen it over many years, not everybody. our life is very simple. we keep it very balanced, sort of down-home kind of life. obviously we do well, but you can't -- the job should not define you. your job is you are ceo for a time and you are helping to drive the vessel and you will get off it and hopefully does better after you were gone. david: looking at the world today, if you're starting your career oliver again, would you go into finance if you knew what you new now? james: yep. i have three jobs to one of them i was working in a sheet metal factory, welding sheet-metal together, incredibly di

wall street icon john mack reacts when wall street week returns. i'm going to the bank, to discuss a mortgage. ugh, see, you need a loan, you put on a suit, you go crawling to the bank. this is how i dress to get a mortgage. i just go to lendingtree. i calculate how much home i can afford. i get multiple offers to compare side by side. and the best part is... the banks come crawling to me. everything you need to get a better mortgage. clothing optional. lendingtree. when banks compete, you win. okay! ...awkward. at crowne plaza we know business travel isn't just business. there's this. 'a bit of this. why not? your hotel should make it easy to do all the things you do. which is what we do. crowne plaza. we're all business, mostly. ostriches don't really stick vitheir heads in the sand.ve horns on their helmets. and a real john deere is actually real affordable. you learn something new everyday. the surprisingly affordable john deere e series tractors. ♪ ♪ maria: welcome back. health care, tax reform, justice gorsuch and really all things trump all

this is a president who railed against wall street. i couldn't wait to pick up my papers this morning to figure out how much coverage they were getting. here we go. the "new york times," nothing. "the washington post, nothing. "u.s.a. today," nothing sorry about that. it's all over the place here. my point is this. that's fine. remember what i told you about we have a lot of time here to get into a lot of issues. somethin' tells me when a republican former president was getting big speech money like let's go back in time a little bit here, ronald reagan and he had similar big paydays, in fact, even bigger paydays with several speeches in japan that was all over everything and everyone across the globe. what's the difference here? again, republican president, democratic president. a republican president who the media kind of had a problem with, no matter his success. a democratic president with whom it has no problem long after he has left office. shall we say odd? ironically so when charlie gasparino broke this story, now, that's not t

the new "wall street week." maria: welcome to "wall street week" the show that analyzes the week that was and positions you for the week ahead. here are some of the big headlines of the week that will continue to impact investors. wall street closing in a negative territory. markets were closed on good friday. the sexr s & p capital i.q. says earnings are expected to be up more than 10%. bank of america and gold man action are expected to report next week that may well set the tone for markets. the market did move volatile and slightly higher wednesday after my exclusive interview with president trump. he said this to me on a timeline for tax reform. >> we are going to have a phenomenal tax reform. but i have to do healthcare first to really do it right. maria: where are they on that? also on "wall street week," the banks kicking off the earnings season with strong results from jpmorgan and i will speak with john mac coming up. meanwhile, tension is building abroad. this weekend marks the 105th birthday of the f

from and joining us now new york is laura keller, she's the wall street finance reporter bloomberg. she's here to discuss the findings of a six-month internal of wells fargo's unauthorized account scandal. joining us this morning. guest: sure, i'm happy to be here, thanks for the invitation. remind our viewers of exactly what prompted this wells fargo? into guest: right. exactly. it's been seven months, probably go back and think about how this all started. basically this is wells fargo, the hird largest bank in u.s. and it also was the most marketshare by valuation before this. what happened essentially was on the september september 8, there were regulators who came out with consumer this was financial protection bureau and the occ, office of the currency, two regulatory authorities and they this report saying that the wells fargo managers beenmployees had basically opening up accounts for years authorization for these consumers. were entially, these credit card accounts, debit card accounts and checking accounts without ned authorization from the customers and it was happening fo

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wall street icon john mamamamama ♪ ♪ maria: welcome back.lth care, tax reform, justice gorsuch and really all things trump all have led to serious arguments on capitol hill. it's likely no coincidence that since it all started, the bull run has gone flat. i had the opportunity to ask president trump about the divide on capitol hill right now. >> the level of hatred is incredible. and i'm not just saying in the last 90 days, i'm saying this has been for the last few years. there's a great level of hostility, and they're putting, they're putting their hatred way, way above, way above the country and the benefit to the country that, you know, things that they do can have such benefit. maria: former morgan stanley chairman and ceo john mack is joining me right now, senior adviser to morgan as well as senior adviser to bdt, and, john, it is good to see you. >> pleasure to be here. maria: thank you so much for joining us. you just heard president trump. congress used to go out and have lunch together, have coffee together. it just seems there's so

some of the big headlines of the week from wall street to main street. stocks extended gains, a steady stream of coach rat earnings helping the market. but thursday steven mnuchin reaffirmed the commitment to tax reform this year. taking a look at other events overseas. british prime minister theresa may is calling for a snap election. may want to lead bring taken's exit from europe. isis claimed credit for a deadly shootout at the iconic champs-elysees where a gunman killed one police officer and seriously injured two others. general motors is halting operations in venezuela after its plants was unexpectedly seized by protesters. vice president mike pence is taking a hard line on north korea. pence demanded north korea abandon its nuclear weapons and missile program immediately. goldman sachs stock plunged after it reported a rare disappointment in its first quarter report. blackrock ceo larry fink, it has 5.4 trillion in assets under management. blackrock reported earnings this week. can you characterize what you saw and where you are today? >> we saw

. >> announcer: from fox business headquarters in new york city, the new "wall street week." gary: welcome to "wall street week," the show that analyzes the week that was and helps position you for the week ahead. trish: here are some of the biggest headlines from the week. you have mixed messages over tax reform and the healthcare bill. stocks wrapping up the week and the quarter in positive territory. technology, best performing sector by a long-shot in the first quarter. you get facebook, amazon, google all hitting record highs in the month of march. crude mass been down 2 out of the last three quarters. across the pond theresa may is saying bye-bye to the e.u. the lisbon treaty formally states the u.k.'s intention toys leave the european union. negotiations will take about two years. in washington republicans continue to bicker amongst themselves over healthcare. the president also calling out the freedom caucus. and the battles continue on the russia investigation leaks. gary: tom lee and larry pitkowsky are here. we just wrapped up the first quarter. when i think about

larry fink explains when "wall street week" returns. and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, or adempas® for pulmonary hypertension, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess. to avoid long-term injury, get medical help right away for an erection lasting more than four hours. if you have a sudden decrease or loss of hearing or vision, or an allergic reaction, stop taking cialis and get medical help right away. ask your doctor about cialis. dearthere's no other way to say this. it's over. i've found a permanent escape from monotony. together, we are perfectly balanced, our senses awake, our hearts racing as one. i know this is sudden, but they say: if you love something... set it free. see you around, giulia ♪ ostriches don't really stick their heads in the sand. a peanut is not a nut. and a real john deere is actually real affordable. you learn something new everyday. the surprisingly affordable john deere e series tractors. now you

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this is a guy attacked wall street. now taking money from wall street. just a campaign contribution. he is taking money for himself. not saying the guy doesn't deserve to make a living. >> president trump attacked wall street and hired -- >> i listen -- liz: they all do it. >> but president trump didn't impose, impose the sort of restrictions on wall street that president obama did. by the way. he is speaking at a health care conference. let's unwind the irony there. liz: okay. >> health care plan is being revamped. liz: we got a rally. losing a tiny bit of air at the moment. >> because of me. >> thank you, charlie. the stock market rally is actually taking place we learned on heavy year that usual volume. this is a positive sign for the bulls. more participation here. nyse composite volume currently running 12% above the within month average. i can't remember the last time we heard that it is usually below the average. round two, new traders at new york stock exchange and nymex. matt, a tiny bit of retracement, retrenchment, never get that one right. we

that'll do it for us here on "wall street week." thanks so much for joining us.clusive guest, larry fink, chairman and ceo of blackrock, will be with us. i'm see you sunday morning at 10 eastern, and but first, property man begins right now. >> i'm bob massi. for 35 years, i've been practicing law and living in las vegas, ground zero for the american real-estate crisis. but it wasn't just vegas that was hit hard. lives were destroyed from coast to coast as the economy tanked. now it's a different story. the american dream is back. and nowhere is that more clear than the grand canyon state of arizona. so we headed from the strip to the desert to show you how to explore the new landscape and live the american dream. i'm gonna help real people who are facing some major problems, explain the bold plans that are changing how americans live, and take you behind the gates of properties you have to see to believe. at the end of the show,

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when he speaks, wall street listens. but in this case, wall street is inside san quentin. in the final part of our series "business behind bars," jane wells went inside to meet him. >> i'm in prison for first degree robbery, murder, and attempted murder. and i was sentenced to 54 years of life in prison. >> reporter: what's your nickname? "wall street." >> reporter: 38-year-old curtis carroll went to prison at age 17 and didn't know how to read. one day he went to pick you want sports section of the paper and picking up the business section instead. >> an older prisoner said, hey, youngster, you play stocks? he said, that's the place the white folks keep their money. >> reporter: that sparked carroll's interest. he learned to read by studying the business section. >> i saw an article in the paper. no, it was a magazine. and it had bill gates and warren buffett's net worth next to countries. and it was showing how these guys -- and i had never even knew that a billion dollars existed, let alone these guys had 20, 30, 40, $50 billion. >> reporter: he became a student of warr

"wall street week" will bebebebe rodney and his new business. he teaches lessons to stanley... and that's kind of it right now. but rodney knew just what to do...he got quickbooks. it organizes all his accounts, so he knows where he stands in an instant. ahhh...that's a profit. which gave him the idea to spend a little cash on some brilliant marketing! ha, clever. wow, look at all these new students! way to grow, rodney! know where you stand instantly. visit quickbooks.com. maria: it's being to be a big week next week. we could have a healthcare bill on the table. a lot of economic data. consumer confidence. pending home sales. consumer confidence. all key indicators to watch. and we are in the first quarter earnings. caterpillar, general mountains, all reporting their first quarter. amazon and microsoft coming up this week. congress gets back to work this tuesday. house speaker paul ryan says congress could vote on healthcare as early as this coming week. friday april 28 marks the ends of the continuing resolution to keep the government funded.

trish: that does it for us on "wall street week." trish: that does it for us on "wall street week." at crowne plaza we know business travel isn't just business. there's this. 'a bit of this. why not? your hotel should make it easy to do all the things you do. which is what we do. crowne plaza. we're all business, mostly. >> the following is a paid presentation, brought to you by beachbody, but filmed by me on my iphone and directly from my heart. >> hold up. i want to ask you a question. how do you feel when you look at yourself in the mirror? not so good. like, "ugh. gross." who is this person? like, you know you have to do something, but it's so confusing! there's fad diets, extreme workouts, and it's working for other people, but it is not working for you. you just want a system, a program that actually works -- hello! -- that doesn't feel like punishment. girl, i got you. >> announcer: introducing piyo, the best of pilates and the best of yoga

♪ >> from fox business headquarters and new york city, the new wall street week.aria: welcome to wall street week, the show that analyzes the week that was and helps position you for the week ahead. i'm maria bartiromo. thanks for joining us. here are some of the big headlines that will continue to impact investors and your money into the week ahead. markets ultimately closing in negative territory in a holiday-shortened week. investors are bracing for a rush of corporate earnings due out next week. first quarter earnings for the s&p 500 are expected to be up better than 10%. bank of america, netflix, goldman sachs all among those reported, that are expected to report next week that may very well set the tone for markets. of course, the markets did move pretty volatile and slightly higher on wednesday after my exclusive interview with president donald trump. he said this to me on a timeline for tax reform. >> we're going to have a phenomenal tax reform, but i have to do health care first. i want to do it first to really do it right. maria: so where are they on tha

day of reckoning on wall street.an america's banking giants back their sky—high share prices with sky—high profits? plus, scooter boys beware — why your takeaway food could soon be arriving by robot. i'm aaron heslehurst. welcome to world business report. lots going on. if you give me about eight minutes i will give you a snapshot of all the latest in the world of his ascent of money. —— world of his ascent of money. —— world of his ascent of money. —— world of business. also coming up, more surprises from president trump as he eases trade tensions with china. we start on wall street, where it's a hugely important day for investors. now we know the share prices of banks have soared in the months following president trump's election, led by america's biggest banks, which are up by almost 25%. but in recent weeks doubts have been creeping in, rattling the markets. today we get first quarter results from the biggest us bank, jp morgan chase, and later from its rival citigroup. they're the first of a barrage of reports f

wall street betting the moderate candidate will win and preserve the european union. the nasdaq composite crossing 6,000 for the first time ever this past week. the white house calling it the biggest individual and business tax cut in american history. the proposal will cut corporate tax from 35% to 15%. it doubles the standard deduction individuals can take and simply supplies into three tears. the proposal would also repeal the death tax and alternative minimum tax it eliminates all deductions besides mortgage interest and charitable donations. nafta negotiations. president trump telling the leaders of canada and mexico that the u.s. will not be pulling out of and a half today. but the president pledged the deal will be renegotiated. am zong reporting a strong first quarter, shattering analyst expectations. revenue coming in at 37.5 billion. alphabet, the parent of google smashed first quarter earnings. at 24.75 billion dollars. microsoft reporting a mixed bag with strong earnings but lower than expected revenue. a lighter vol of surface products -- a lighter volume

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this is wall street in jubilation. it had been a good one for wall street, no doubt about it. even after because who sells the bonds? multi-are a big, financial house, it is not just the case of getting loans from the allies, you are also selling these bonds. as i said, 20 million americans. wall street is there now celebrating, as it must have recognized, it had become the financial center of the world. ,he patent of war debt reparations and such, was going to make cap it said, how it acted or did not act. i cut out if you later wall street and new york times headlines of the collapse of wall street in 1929 from a narrative, but it is suffice to say that this is a good year for wall street in 1919 in the first world war is a good war for american bankers. as aor new york city center of this financial activity. then it is all over. and then this guy, who did not want war to begin with, who came into the war reluctantly and angrily, has through the course, following 18 months, he evolved his points, his war diplomacy, his vision of the world. he is fought on to this notion of a

encrypted messaging apps are becoming a headache for wall street.e have the world covered here .n "daybreak asia" we will also be live in tokyo. talking about the latest remarks from the fed, and looking ahead to the much-anticipated march jobs report that will be ending the week on friday. this is "daybreak asia" live from bloomberg's u.s. and asian headquarters. is just after 7:00 a.m. in hong kong. a new trading month, new quarter, could be an exciting one. data, but first a check of business confidence in japan at this hour. >> indeed, that will be key, the be tokyo toy in-swerv released at the end of this hour. we will be watching for a lot of data this week, the jobs report on friday, but before that, auto sales numbers will be out. consumer demand is so important in japan, but also extremely important in the u.s. meet in., rb a the biggest meeting of all with president trump and xi jinping and mar-a-lago. keep in mind that china and taiwan markets are closed for the next two days. new zealand, stocks under point 2%.down away,g in sydney an ho

the idea that he is in front of wall street, excepting $400,000, that's his first wall street speech he's a dirty capitalist just like the rest of us. >> steve: he's done his time. >> sandra: will she show up or not? what ann coulter is saying now after her top at berkeley was canceled. what has become a furious battle over free speech. plus, the unlikely folks coming to her defense. you do all this research on a perfect car, then smash it into a tree. your insurance company raises your rates. maybe you should've done more research on them. for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. switch and you could save $509 on auto insurance. call for a free quote today. liberty stands with you™. liberty mutual insurance. your insurance on time. tap one little bumper, and up go your rates. what good is having insurance if you get punished for using it? news flash: nobody's perfect. for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. switch and you could save $509 on auto insurance.

. >>> and former president obama's wall street paid speech. they criticize him for making about $400,000 on a speaking gig. more on that in a moment, but we return to president trump's speech in atlanta. reinfluencing the big group that became one of his big supporters, one of his early supporters as well in 2015. he reversed course on a number of campaign promises. we'll get to those broken campaign pledges in just a moment, but jacob rascon is in atlanta where that speech will take place any minute now. also washington bureau chief susan page and white house reporter for the "washington post," ashley parker. a big thanks to all of you. jacob, let me start with you there inside the room. what are folks there hoping to hear from president trump? >> reporter: i'll tell you, craig, that the president will take the stage in any moment. lee greenwood is singing behind me singing the song that introduced a lot of his campaign events. people here are thrilled, and when they endorsed president trump, it was an anti-clinton, this is what will happen i

now telling the "wall street journal" they're not.ing this in an unexpected phone call with china's president. >> i said the way you will make a good trade deal is help us with north korea. otherwise we'll go it alone. >> reporter: with two of the world's major superpowers for now at arm's length. the president now widening that gap with russia, suggesting that russian soldiers who were in syria may have known about this chemical attack before it happened and did nothing to stop it. >> thank you very much for that. tracie potts in washington. >>> turning to sports business news. remember reebok? >> i do. >> it's been a while since rebook was cool. >> i actually have a couple pairment. >> you may wanted to bring them back. parent company isadidas has enjoyed growth. the question is can rebook grow again. rebook has been in decline since adidas first ponied up to buy rebook. at that time reboebok had 12% shares. the new ceo is focused on turning around reebok internally and how is he doing it? he's going retro. relaunching classics from

wall street market pull back. back in 2000 when president bush ran he promised tanks reform and everybody got the three or $600 in 2008 president obama talked about the stimulus for infrastructure spending which went many different ways. was there a signature achievement that president trump wanted to see come in in terms of tax reform. >> when you compare it to those three or $600 rebate checks that you got from the bush administration this is massive compared to that. he wants to take down personal rates. he wants to take down corporate rates. i'm sure they'll close to loopholes, but this is going to be a huge stimulus for the economy if it passes and that's why you saw such a love affair from the stock market of he got elected. it helps the bottom line and everything you mentioned prior. it pales in comparison to what a huge tax cut could mean. repay the ronation that are held oversees by us c a great stimulus package if it passes. >> there's the keyword right there, if it passes. >> let's switch gears and talk

i think wall street wants smart regulation. right now, if it's in fact true that steve bannon may be on his way out or reince priebus may be on the way out and we see the ascendens of people who are quote-unquote the adults in the room, tillerson, mattis, gary cohn. if that's in fact true, i think wall street is pretty confident and happy to have that happen. what they don't want is children -- idealogical cry babies in the sandbox. with cohn, tillerson and mattis there is hope among the people on wall street that adults are in the room checking the incredibly bad behavior of a cynical man who is the president of the united states. thank you all for a spirited discussion. >>> up next on our special edition of the point, the trump administration has had, shall we say, a complex relationship with the press. sean spicer, the press secretary, might be the physical manifestation of trump's ongoing tensions with the media. joining me nex a special panel with history of insights. floyd abrams, gay talese and many more. that's straight

it was a sharp reversal of fortune on wall street today. stocks rose higher the dow rising nearly 200 points, investors shared private growth, thenned be day, selling took hold and then some. right around the time the federal reserve released the minutes of its latist meetings. the minutes don't tend to move the markets all that often, but they did today. at the central bank's last meeting, policy-makers commented on stockmarket valuations with some members suggesting they're a bad profit. they don't do that. they also talked extensively about reducing the fed's multi-trillion dollar balance sheet, something we have been telling you about. that has a power to spook the market. with that, stocks did get spooked. they dropped hard. major indexes turned negative, resulting in the biggest market turn around top-to-bottom in 14 months. here's how the day ended. the dow jones lost and nasdaq down 34 the s&p 500 lost 7. we have more on today's dramatic moves. >> reporter: stocks rose early as oil rose up in the '80s, the prime employment report wa

about during the campaign when he referred to the nato alliance as being obsolete and told the wall street journal he no longer considered them to be currency manipulators and i asked and he said -- change. >>> echoing state tillerson's frosty tones, speaking to reporters after his meeting with lavrov tillerson offered this grim assessment. >> the current state of u.s.-russian relations is at a low point. the world's two most nuclear powers cannot have this kind of relationship. >> let's bring in cnn's paula newton. good morning. if this is not a cold war certainly cooling. how is it being characterized there? >> reporter: dave, it feels rather chilly here, surprised you don't feel it there in the studio. they shook hands, sat down and the foreign minister went right into it that the airstrikes were illegal, that you should have waited for an investigation, we don't know who to call because you're not properly staffed up and we have no idea where you stand on foreign policy matters. i think they did realize one way or another we have to work together and set up a very long laundry list of