kennedy and orrin hatch agreed on -- not many things. they greet in their admiration with respect to steve breyer -- when he was nominated in the last days of -- jimmy carter's administration. domination. -- anyones later -- who could get along with orrin hatch and ted kennedy must have been doing something right. >> from replace to elena cage, so we get through the introduction portion. >> ok. kagan, who is a graduate of princeton university, and harvard law school, was also a marshall scholar at oxford university -- as was stephen breyer. working in the clinton administration -- domestic policy staff. she then became the first jewish woman dean of harvard law school. then she followed -- >> she probably would also qualify -- followed -- she became the next jewish solicitor general 2009. -- one of the efforts of presidents -- r two point -- hopefully under justices. she was the exact same page, 49 going a few month -- bet that -- that neil gorsuch was. what expects the golden era to get nominated. >> that's right. now, of exhausted and

orrin hatch: thank you. >> welcome, esther secretary. tax unfairness than your proposal to let the fortunate few convert their ordinary income into business attached,hout strings pay the lowest 15% tax rate and also avoid social security and d medicare payroll taxes. in my view, it is subscription. you are creating a massive loophole. my reason for the question is especially because you can't enforce the tax laws on the book now. proposalent budget asks for even deeper cuts the tax enforcement. how do you expect the american people to believe you can prevent the fortunate few from exploiting this new loophole when you can't even stop the current tax cheats? senatory mnuchin: wyden, thank you. i was a good question. let me assure you i said -- atedly, i senator said youie: breaking out to give a statement from president donald trump on the leaks were talking about earlier in the name of the alleged bomber in manchester, donald trump asking for a review of the leaks. he said the leaks pose a grave threat to national security, and they were

orrin hatch of you talk.e is the chairman of the finance committee at the center of attempts to reform health care and the tax system. live from new york and washington, this is bloomberg. ♪ >> this is bloomberg daybreak. i am emma chandra with your business flash. shares of facebook are lower in premarket trading. revenue growth will fall after it limits the number of ads it will show on newsfeeds. that overshadow the news that facebook that first-quarter sales beat estimates. the world's largest beer maker posted earnings that beat estimates. anheuser-busch was led by corona brands. it was helped by cost-cutting after its record acquisition of miller last year. a surprise increase in first-quarter profits for hsbc. the ceo was able to stem the revenues decline after six years as a british bank. 12%, we spoke with hsbc's bso. would be to say that i a happy man if i could close-out 2017 right now. the 3.4 percent revenue growth over the course of 2017, we are standing very good in the first quarter. that is t

let's bring in cnn's orrin lieberman. israel called the u.s.nd intelligence officials are telling you there could actually be damage done here. tell us more. >> reporter: that's right, jake. two very different spins on what happened here on this alleged leak of classified information and possibly the revealing of a secret source. israeli politicians are trying to essentially play cool in this case saying there's no problem. neither commenting nor confirming in any way the revelation which saying that the depth of the relationship between american and israeli intelligence officials is so broad that there's no risk of any damage here and the relationship will only be strengthened when trump comes to visit but former israeli intelligence officials including the head of the mosad, israel's cia, israel's spy agency, say there could be very real damage here, especially if a secret source was leaked to the russians. this is the former head of mossad. >> if we will assess that our sources of intelligence are in harm, are in danger due to the way it is

us have already heard from her, but i think that also generates interesting questions for john and orrin. so with no further ado, i'm going to turn it over to john and ask him to talk about the most recent findings on anti-semitism from the last survey he did for adl. >> thank you. i've got a bad back, so i have to keep on sitting here, but i think you can see these slides. we conducted these -- we've been working with adl for more than 25 years. our first survey was in 1988, and during that time since 1988 we've probably conducted six or seven measurements of anti-semitic attitudes, prejudicial attitudes. to be clear, the surveys that we conduct are not just about anti-semitism. they cover until answer, they cover -- toll lance, there's always a section on israel. there's a broad range. and last year in the spirit, in the teeth of the presidential campaign we did have a series of questions about immigration, deporting immigrants, etc., to which i'd like to get to after. but we'll talk first about the antisemitic findings. this is a survey about jews in america, but as i said, it was a b

utah senator orrin hatch. he's -- you've been in the u.s. senate now for 40 years.hat put you back there in the reagan years when we last passed a tax reform. is this president stand a chance of getting his proposal? >> i wouldn't put anything past him. he's got a lot of guts. he may very well be able to get this done. right now, the democrats i'm not cooperated on one thing and they've said they're never going to cooperate with him. it's going to have to be a republican effort and will do our best to get it done. >> jon: you said it requires presidential leadership. do you believe president trump is exercising that? >> yes, i do. he's very, very smart. he's got tremendous people with him. i've met many times with gary cohn whose one of the economic advisors, with steve mnuchin and also with wilbur ross. these are people who are brilliant, have a world of experience, and commend a great respect for themselves. >> jon: "the new york times" took a look at the proposal and said it's basically a tax plan to benefit the rich. do you dispute? >> yeah, i sure do. no matter

as he said, senator orrin hatch from utah is the head of the finance committee.e is the vice chair of the committee. he is the most senior republican. thank you for being with us. we really want to talk about tax reform, would you have something to do about, but there have been developments over the last 24 to townurs consuming the . what should we make of this? is this something of the moment or something that last as an issue? sen. hatch: i will have to wait and see what really comes out. i personally feel it is overblown like everything they do against trump. there is so much bitterness that he won the election against the favorite hillary clinton. a lot of the media makes a lot of effort to pick on donald trump. i think we will have to wait and see what the so-called allegations really are, but so far, pretty thin. david: that is a good question about whether it is a question if it never happened or if it happened, what is the big deal? the fbi director does ultimately work for the president. sen. hatch: this is way overblown. i have not seen all the informat

back up your data on the cloud orrin external hard drive. never click on a suspicious e-mail or link. and limit the number of employees who have user control access. if your computer is held hostage, should you pay the ransom? >> some some cases, people have decided they have to pay the ransom. the cost of losing that data forever or not having access to that data is too great. >> it's a gamble, but perhaps the only way to reclaim your digital life. another major development. disney ceo bob iger has reportedly told employees that hackers may have stolen a yet to be released disney movie and are demanding money or they will start releasing chunks of the movie. disney is not releasing the name of the movie, but says so far it's not paying. lester? >> tom costello, thank you. >>> now to the threat from north korea after another provocative action condemned by the u.n. security council late today. a missile launch unlike any they've tried before. there are fears it could reach a u.s. territory. we get late details from our chief foreign correspo

>> orrin hatch always quotable. while he's a very conservative republican, he's an institutionalist as well. he is somebody who will make deals with democrats. you're going to see a lot more of that start to come out. in the wake of the nuclear option for the supreme court nominee, a number of senators, enough to block any major rules change on a legislative filibuster came out and said we'll consider this. mack kon nel said absolutely not, we will not consider this. nobody is thrilled with the idea. everybody recognizes that if you do that, the senate becomes the house and that is just based on talk to senators who like to talk down to the house, not something they actually want on the table. i do think you're seeing frustration from the president. they very clearly lost the messaging war. victory lap after victory lap of senate democrats making very public and house democrats as well making very public that they thought they won on this as we didn't hear much from republicans in either chamber has clearly frustrat

bret: a.b., interesting the merrick garland thing, i brought it up again, orrin hatch came up with itled the white house directly. he's obviously the supreme court nominee that president obama put forward and put on ice in what many argue got president trump elected, now mike lee signed on, mcconnell signed on. is this gaining traction here? >> it could, it's a possibility he gets bipartisan support there. will be a push by people like senator graham, who is on the judiciary committee, to appoint somebody from within, someone who understands the sense of upheaval. bret: the culture of the fbi? >> exactly how it works. and cannot be a household name. i think that's really going to be a push. so instead of someone from the outside coming in, having a learning curve, that someone who knows exactly what the cross currents have been in the last particularly couple of years, through comey, post comey. i have a feeling that is likely to be a pick that would get the most support at this point. bret: michael, one of the things that came up today was about the statement that president trump sai

. >> reporter: utah republican orrin hatch. >> every time we have any controversy around here they call a special prosecutor. we have a justice department that's very capable. >> reporter: ultimately it isn't up to congress. it's up to deputy attorney general rod rosenstein, who wrote that critical comey memo. democratic leader chuck schumer sent rosenstein a list of 27 questions today. did the president or anyone else direct you to write your memo? were you aware when you drafted it that it would be used to justify comey's firing? rosenstein came to capitol hill today. not to answer questions but to meet with the leaders of senate did mr. rosenstein confirm that he threatened to quit over the handling of the comey firing? and did you ask him about that? >> we didn't ask him about it. he didn't share it with us. we were focused on deconfliction. >>> the fcc is considering new tactics to crack down on those annoying robocalls. more than 29 billion robocalls bombarded americans last year. that's 90 calls for every man, woman, and child in america. anna werner has that story. >> i just pic

. -- orrin finance committee. around hatched. —— 0rrin hatch. agree on a final version of the bill repealing 0bamacare. he is not the only voice. i have counted senators from west virginia, tennessee, maine, alaska, all unhappy with the bill in its current form. i am talking about republicans, not kratz. 0n the right of the party you have the likes of rand paul and ted cruz who think this is a 0bamacare— lite. a think this repeal bill does not go far enough. so we have the same problem that we saw in the house, republicans struggling to come together. and we still don't know how much this will cost, and we still don't know how many people will be impacted via this. initial studies showed that 2a million americans may lose their health insurance under the initial draft. the congressional budget office is still to do a study, and when that study comes out, it might make it even harder to pass it through the senate. the supreme court in india has rejected an appeal by four men sentenced to death for the notorious rape and murder of a medical studen

. >> reporter: utah republican orrin hatch: >> every time we have any controversy around here, they want to call fair special prosecutor. we have a justice department that's very capable. >> reporter: ultimately, it isn't up to congress. it's up to deputy attorney general rod rosenstein, who wrote that critical comey memo. democratic leader chuck schumer sent rosenstein a list of 27 questions today." did the president or anyone else direct you to write your memo? were you aware when you drafted it, that it would be used to justify comey's firing?" rosenstein came to capitol hill today not to answer questions but to meet with the leaders of senate intelligence. did mr. rosenstein confirm that he threatened handling of the comey firing? and did you ask him about that? >> we didn't ask him about it. he didn't share it with us. we were focused on deconfliction. >> reporter: that term "deconfliction" refers to the effort under way right now between the senate and the f.b.i. to make sure that their russia investigations don't interfere with one another. anthony, late this afternoon, the senate

they were the ones -- fame and currents they were the ones who thought of the individual mandate when orrin hatch and some of them had the names on it to rival hillarycare. now these guys are going to take $800 billion out of medicaid. how is that actually going to cared services and health to the poor or sicker people? host: mr. moore? guest: that's a great question. medicaid is not just bankrupting the federal government with its spiraling costs, but it's bankrupting a lot of states. the states and the federal government share the cost of the system. again when you talk about dumb programs, medicaid, the way we pay for it is really stupid. states are effectively rewarded for wasting money. the more money they waste on medicaid, the more money they get from the federal government. instead of an incentive to because conscious, states have incentives to drive up costs because they get more money from uncle sam. what this plan would do is basically give a pile of money to the states and say you run your medicaid programs, you control your costs, you provide good services for your citizens. pe

another complication, vonny the senate finance chairman, orrin hatch, is overseeing not only headquarterit's very difficult to do both of those things at the same time. vonnie: that's for sure. all right. blarg national political reporter who's keeping his eyes on all of it, sahil kapur, thank you for that. mark. talking ela merkel about president macron's success yesterday. >> i already congratulated him yesterday on the phone. emanuel macron carries the hopes of those in france and germany. his election campaign was brave and pro-europe. he stands for cosmopolitanism and social market economy and we know that germany and france are bound together historically. mark: now merkel sets her sights in her elections in her own country looking ahead to a regional vote on sunday. north rhine, an area of more than a fifth of germany's populations. bloomberg's german editor is in berlin. marin le pen said no matter who wins the election, a female, a woman, a lady will be running the country, referring to the relationship between macron and merkel. given merkel gave her approval to macron ahead of

orrin hatch pushing back against. he says america would be a socialist nation without a 60 vote threshold and filibuster option. >>> budget director mulvaney was asked what a good shutdown would be? >> it's not a goal, okay. it's not a negotiating tool. but to the extent the president advocated one today, if you want to imagine what a good shutdown would be, one that fixes this town. it drives home the message it was as broken as it was when they voted for donald trump. >> white house briefing ended in bizarre fashion after the budget director threat podium reporters were anxious to question press secretary sean spicer. no such luck. >> sean. sean. sean. sean. sean. >>> you can chuckle because no one feels sympathy for the white house press corps in middle america. they will get a chance to ask questions of sean spicer today at 2:00. look, to the point that democrats certainly were angry about that tweet, republicans lined up and said that ain't happening. shutdown, changing senate rules won't happen. >> the shut down

you will have finance committee chairman orrin hatch working on this. along with mcconnell. it seems like it's going to be very collaborative in terms of how many moderate and conservative senators are trying to reach a consensus on this legislation. laura: the timing of this could be critical to the president's agenda. what's the prediction on timing with this one? >> i think they are giving themselves a bit more time than the house did. they don't want to rush this process through. the white house is confident the senate will make changes that improve this bill and they realize it's probably going to be a similary arduous process to get to that point. we have ideological splits existing in the senate as well. that will be a tough thing to overcome. but already something they are working toward. they are trying to figure out different areas in which centrist and conservative republicans can agree. it could be weeks if not months until they get to a bill they feel comfortable with. laura: i want to know what you are hearing about the marketability of this to make it work for

some like orrin hatch said this is much ado about nothing and they're backing him.y of them are staying at arms length. like the top senate majority leader m m wishes there was much less drama coming out of the white house. >> tracie keeping track of the story and the president released classified information to the russians. where two we stand on that? >> we now know where it came from. confirming it came from israeli intelligence. there's concern, even though nations like australia saying their intelligence relationship with the united states hasn't changed. others like great britain, officials there telling us they are worried. in germany, officials there saying that they are angry that president trump passed on information. and there is still quite a concern that intelligence partners won't share with the united states if they think the president can't keep a secret. >> all right. tracie potts live on capitol hill for us. tracie, thank you. >>> it's 5:47. two of the nation's top security officials will be overseas today to brief allies on the threat of isis. hom

mark crumpton reporting that orrin hatch counseling that there should be management of expectations.ow does the housework with the senate to make sure they stay on a timetable they would like to see? eric: the senate operates with a labyrinth of rules that are not necessarily easily understood by anyone other than the senate parliamentarian. there's going to be some waiting because the senate is unable to act without the significant co. there are fairly arcane rules that the body will have to apply as as touse bill, whether the provisions of the legislative vehicle are not compliant with the procedure of reconciliation under which the senate will act, which will allow for in the work voting rush holt, no filibuster, in 51-voterds, only a required to pass the bill. senate majority leader mitch mcconnell released a statement about how he intends to proceed. he says he is going to wait for score from the congressional budget office. do you think that it was a mistake that his colleagues in the house did not do that? will they regret not waiting on a score from the congressional budget o

with me now on the phone from jerusalem is cnn's orrin lieberman.ll this bit of information now out publicly, how will it change intelligence sharing between israel and the united states? >> well, it seems that israel and benjamin netanyahu is trying to keep it as far away from israel as possible. think directed us to the israeli embassy in washington and we look forward to strengthening the alliance between israel and the u.s. it seems that netanyahu wants to keep it as far away from jerusalem, especially with president trump's upcoming visit. president netanyahu has never criticized president trump and netanyahu never criticized him then and it seems he won't let that happen again. and it seems that netanyahu wants to keep this controversy in washington as much as possible so that when trump arrives here early next week, the relationship is as strong as it can be, even with a controversy and israel source revealed to the russians. >> a trump aide incorrectly said that the president would be visiting the west bank where it is not. sean spicer corre

we heard orrin hatchbacking the president saying that this is essentially much to do about nothing.ut a lot of republicans quite skittish. the top republican in the senate, mitch mcconnell said he wishes there was less drama coming out of the white house. he also said that he has not lost confidence in president trump. we have john mccain comparing it to watergate. they seem to be waiting to see when the next shoe drops. not yet speaking out against the president. >> i think they need to see proof of this memo, not just reports. tracie potts, thanks for joining us. >>> still ahead, amazon's latest ambition. the e-commerce giant trying to break into another multibillion dollar business. very interesting story. >>> first, as we head to break, a look back at this day in history in 1792, two dozen brokers met under a buttonwood tree on wall street to set a commission rate. that led to the creation of the new york stock exchange. another home for cnbc, where sara will be broadcasting from later today. back in a couple minutes. their leadership is instinctive. they're experts in things yo

senator orrin hatch was the first to bring it to the attention of the white house.ds like someone to get bipartisan support. i think senator graham is correct. if you elevate someone from within the ranks, that will actually end up being a pick who gets more support. this really looks like an agency that needs to be run by someone who understands its challenges right now and turmoil during comey and post-comey. i think that promoting from someone within will be more popular than merrick garland. that's not to say he won't get democratic support. we will see how that plays out. in terms of the other thing, republicans i spoke to this weekend are really unhappy. they feel that they are in a catch-22. without trump, if they throw their hands in the air, they don't get anything done before the mid-term elections. and they just tell the voters, sorry. we made all of these promises. it is all for naught. this is mayhem. that's what they think it is. they think in the environment, they cannot imagine getting tax reform done. it is such a challenge. it is such a heavy lift.

leanne air, orrin was swimming in san diego county at san onofre beach. >> we used the tourniquet and brought her to shore with as many people as we could and get as many towels to apply direct pressure to the wound to try to isolate it. >> luckily they were able to stop the bleeding at that point. her mother set up a gofundme page saying she's a single mother of three. is expected to go through several surgeries and a lengthy recovery afterwards. >> a may day protest all croy is bay area, and we'll have a live report from san francisco coming up for you. >>> a worker at the shipyard is blowing the whistle on possible radiation again. up next, we investigate the navy's response about allegations about contamination about new construction. >> hey, folks, before we go to break. i want to show you how to join our community on the waze application and leverage the power of us all as well as google. let's to the cooingle app and in the bottom corner there will be a magnifying glass when you fire up the app. click on that and the name at the top and scroll down to see teams and pick ours, n

course of the morning talking to dozens of senators, one-on-one and with groups of reporters, senator orrinch said -- he was really the only one who was willing to stake out that position. others appearing to join him in the wake of mcmaster taking questions. what was notable of the marco rubio. he said last night they reached out and he did not answer the questions. he's planned on getting more answers today. that's what you hear from lawmakers on both sides of the aisle, wolf. the house intelligence committee will meet today. they will be briefed and classified setting by cia director mike pompeo. it is a long scheduled briefing. i'm told that briefing will focus on what the russian intelligence meeting. wolf, again, a lot of questions. a lot of serious concern. everybody around here is pretty much just trying to get their head around something that appears to once again be a dramatic breaking story that nobody was looped in on and now there are real questions about, a, what it means, and b, what this means more broadly for the republican agenda going forward. >> thanks very much. phil is

orrin hatch saying he think its's overblown.itch mcconnell trying to move on k we talk health care and tax reform. those are suddenly more popular than what the president shared. if you like at breitbart news, they are defending the president. it's an interesting moment. the allegation here is, the reporting, and the report suggest solid, that the president shared something with russia that hasn't been shared throughout the united states government. hasn't been shared with western allies. that's the big dust up. and a lot of the people who are defending the president saying no big deal, let's go back to the campaign where president trump then candidate trump was on the trail and the allegation was that by setting up a private e-mail server hillary clinton had put some things at risk. >> remember hillary clinton was e-mailing about the drone program among many other extremely sensitive matters. this is yet more evidence that clinton is unfit to be your comma commander in chief. >> they ran an ad to echo that point. i raised that.

"the times" added that senator orrin hatch of utah was more ominous, saying the house bill wouldn't pass the senate. still, lawmakers in both chambers are reportedly already trying to hash out some common ground. according to the huffington post, mark meadows has begun working with republicans on what changes they could live with in their bill. that could include undoing cuts to medicaid and ditching refundable tax credits as well. >>> it's been a rough recess for some who voted in favor of the health care bill. in debuque last night, referring to the republican health legislation as trump care, congressman blum trying to explain the bill to constituents. >> through medicare, nothing is going to change. nothing is going to change. nothing is going to change. again, if you're currently getting your health insurance through medicaid, nothing is going to change. >> obviously, not buying it there. meanwhile in new york, democratic congressman sean patrick maloney, who represents the 18th district took the health care battle. one district over, representing by republican congressman john fass

. >>> reminder we're on capitol hill, senator orrin hatch walking into the briefing room where deputyney general rod rosenstein will brief senators on the status ofhe investigation and the firing of james comey. mike viqueira has been standing there for some time. have you been able to stop any senator, find out what they want to hear from rod rosenstein? by announcing bob be mueller yesterday, he took the wind out of the sails for any argument that he might be acting in a partisan manner. >> yeah, i think greeted with open arms was the appointment by mueller by democrats in about plaurp i thought t particular. i think privately republicans are happier about it than in public, ensuring that the investigations, four now in both the house and senate side, were going to go forward. a lot of people have question withes about that so that they are not stepping on each other. we do understand that rod rosenstein is in the secure meeting room here below the senate.subterranean meeting room. it hasn't started yet. it is due to start at about 2:30. so in just a couple of minutes. incidentally,

closed doors, vice president mike pence is making a presentation along with, we understand it, senator orrin member of the finance committee, today's topic is medicaid. remember, $880 billion cuts to medicaid in the version of the house bill that passed to much fanfare in a rose garden celebration with president trump last week. that was the house of representatives. as we've been talking about, craig, things are very likely to change when and if the senate takes up this legislation. take rob portman, for example, the senator from ohio told many reporters today after an earlier meeting that he's thinking of tax credits to mitigate the cuts in medicaid. he's very concerned about cuts to mental health care and substance abuse programs that fall under the medicaid program in his home state of ohio. >> mike vic vi -- viqueira. let's bring in the panel. yamiche alcindor, kevin barrett, founding executive editor dense 1, gail le mond author of "ashley's war" and msnbc contribute nick confessore. nick, let me start with you. my apologies to all of you if i have to cut you off and go to spicer there

james comey knows that ted cruz on the senate judiciary committee and john cornyn and orrin hatch on the judiciary committee and chuck grassley on the judiciary committee and senator kennedy of louisiana on the judiciary committee would once again reliably push whatever trump talking points they think will work that day. ted cruz is not on the intelligence committee. chuck grassley is not on the intelligence committee. john cornyn is. the only republican who is also on the intelligence committee. so james comey has looked at the membership of the committees, judiciary committee and the intelligence committee. and he has decided to go with what looks to him like the committee with more intelligence. and james comey knows that in his case, testifying once about these matters is the most effective and the most professional way for him to tell his story. james comey knows that he has a responsibility to the investigation that's going on, a responsibility to the public, and a responsibility to the senate. and though it might be fun for us to listen to him tell his story over and over agai

signed: orrin g.hatch, president pro tempore. mr. mcconnell: mr. president. the presiding officer: the majority leader. mr. mcconnell: a new report released last night from the department of health and human services reveals startling new numbers showing just how substantial premium increases have been under obamacare. according to that report, average annual obamacare premiums have increased by nearly $3,000 since 2013, the year that most of the health care law's mandates and regulations actually went into effect. in other words, it's now clear that average obamacare plans on the exchanges more more than dod from 2013 from 2013 until now. that's an increase of 105%, or nearly $3,000, and these figures are based on the obama administration's own data. but these exorbitant costs are just one part of the problem. to say nothing of the shrinking choices of insurers offering plans on the obamacare exchanges across the country. last week our colleague from iowa, chairman grassley, came to the floor and shared with us the story of the tacoma narrows bridge, a bridg

we will go to senator orrin. >> i'm disappointed to see that former secretary of state hillary clinton was in the news yesterday, saying she blames you and blaming everything other than herself for her loss on november 8th. i find it ironic because you are not the who made the decision to handle classified information on a private email server. you are not the one who decided to have a private meeting with secretary clinton's husband in the middle of the justice department's ongoing investigation into second clinton's server. i use the word investigation here because according to a recent piece in "the new york times," you are forbidden from using the word investigation and were instead told to refer to the investigation, as a matter. it was the former attorney general, loretto lynched that up until that meeting with president clinton, was the person responsible for making the decision whether to convene a grand jury involving the allegations against secretary clinton. it was former attorney general loretta lynch who forbade you from using the word investigation. indeed, "the new york

to orrin hatch, chair of the finance committee, thekevin brady, who is chairman of the ways and means, they say they are committed to it and have some basic visible. they disagree on some things but a lot less than others. >> the first thing you need is to have a specific proposal out. it is great to talk principles, it is great to talk ideas, but you have to put a specific basel -- proposal out and measure it against the principles you a spouse, and say if it is tax equal incomes pay equal tax? do the wealthy pay their fair share? you have the market allocating resources as opposed to the finance committee and the ways and means committee? is it simple, is it clear? they would agree that the primary goal is growth. we need to get growth to the economy to benefit everybody. and yourd be done, opinion, that would make sense that would be progrowth for the tax code? it up wouldleaning make a big difference. over $1 trillion of loopholes now in the tax code since 1986. it has gotten worse year by year with tax reform, as well as tax bills have been added more and more, making more loopho

see certain senators coming out citing this number, saying we have to come in under it whether it's orrinry vulnerable next year, they are worried about this number. so it does present a big political problem. >> well, look, i mean, donald trump is getting more political sport from leaders in the middle east than he is from senate republicans, which is kind of pathetic commentary on the republican party right now. but they cannot be intimidated by this cbo report. the cbo is described as this nonpartisan, disinterested body, just the facts, ma'am. but the idea of the health bill, in great part, is to put money back in the hands of the state, allow governors and legislators to decide how -- paul: particularly with medicaid. >> particularly with medicaid. the cbo says they think one-third of the states will alter obamacare based on it. how do they know that? that is a political judgment. that is not based on any facts or data. so this is in great part a political document. >> i think, however, paul, that the strategy of the republicans should be to talk about the effects of obamacare in the

my biggest supporter on the judiciary committee was orrin hatch.the vote was 96-3, and never mind that i had been on the board of the aclu and co-founder of the women's rights project and one of four general counsel to the aclu. not a single question was asked about my aclu connections. for justice breyer, who came one year after, it was pretty much the same; a collegial atmosphere. watching most recent confirmations, i wish there was a way that we could wave a magic wand and get back to the way it was and the way, the way it should be. >> we can only hope. [laughter] we can only hope. i, what i remember about some things about that process was that the white house brings in experts to talk to the nominee, and ruth bader ginsburg knew more about each suspect than the experts. [laughter] -- each subject than the experts. [laughter] and it was, i think, a very humbling experience for all those coming in. >> that was really the best week for me, because i could choose any law professor i respected to bring me up to speed in various areas of the law. >

orrin lebieberman is our jerusam correspondent and has a lot more. let's start with the western wall. you had secretary of state rex tillerson saying on air force one to reporters in a gaggle, the western wall is in jerusalem, but that's not the point of why this is so significant. >> reporter: right. the statement the western wall is in jerusalem is a meaningless statement. of course it is. the question is, where is jerusalem? is it in israel? is it in the west bank? will it be part of a future palestinian state, and that's the sensitivity that surrounds the western wall. and that's why a sitting u.s. president going to the western wall is so delicate and so sensitive. to go to the western wall as a u.s. president is essentially in a sense to accept the israeli position, which is that this will be a part of israel. it seems trump has real i-ed that. he's made it a private visit. he will not be going with prime minister benjamin netanyahu. he will be going on his own. he'll spend some of his own time there, before moving on to his other meetings. tha

you got orrin hatch, lindsey grah graham, rob portman, shelley moore, ted cruz, a list of 10, 12 republican senators there. the magic number, the number of defection they could afford is two, if they want to pass this with just republican votes it's two defections or fewer. nile, what are the odds that the bill in its current form or something close to that gets through the senate? >> i think they're slim, steve, to be perfectly frank. i think that we do expect there to be significant changes made to this bill if it's to win over the support of some of the people you just mentioned. that doesn't mean it will happen, for example, one senator told my colleague, he sees a chance of 1-5 passing in its current form. i spoke before coming on here to someone close to the trump white house, they put the chances higher at about 50/50, but i think that there's a real barrier here to getting this through the senate, and that doesn't even go into the whole fact that we could get into the weeds of the reconciliation process, whether republicans will need 60 votes for some of this, whether they will need

orrin hatch, a long-time republican member of the senate, said i'm going to talk to him about this. we need to get him on another page in this. of course mitch mcconnell, after everything that happened with the supreme court, had said back then that was going to happen. so highly unusual what we saw today here at the white house. the last three presidents all big sports fans, all love these events use them for what they were, which is kind of celebration of success of american sports. something very different here today. >> vick, we heard chris jansing talk about the health care bill. where are we on that? what's -- what are you hearing on the hill about that? >> well, right now they're still trying to twist arms and cajole pressure members in the house, republican members, any way they can. as we speak i'm standing outside the senate chamber. behind me, vice president mike pence is about to make his way over here from the house side where he's been meeting behind closed doors with members of the house republican conference trying to bring them along on the health care bill. what's

and one of the things that orrin said they are trying to do is reduce the wait time at the allenby bridge. when the palestinians travel into jordan and back. reduce the wait time from six hours to a half hour. now, imagine a six-hour wait just to get to your job, and back. that is one of the initiatives that they are trying to take. they said small steps. that is part of the president's initiative, not the grand scheme that all the previous presidents going back to camp david have proposed of eventually a final settlement with jerusalem decided and the return of refugees and all of that. none of that, the land swaps that were envisioned in 1967 when israeli won the six-day war and enlarged its territory by two thirds in that victory over egypt and the other arab leaders. that -- that is not what this president is endiscussions. they are under jared kushner envisioning a rp with the sunni leaders. isolating iran, connecting the sunni arabs more openly withis kreel. they do have a common enemy in iran despite the election of rouhani the least radical of the alternatives. viewed as a perform

orrin hatch has cast doubt on it. mitch mcconnell said it probably will not pass the senate. without interest on capitol hill. the leaders, speaker ryan and evan brady have been concentrating, continuing to support it. but without the support where it clearly lacks support in the senate, it is very difficult to see them getting support for it. complications. scarlet: if the tax is killed as an opponent of tax reform, i go back to what julia was saying, they have problems funding the tax cuts it does want to proceed with. what do we have by way of alternatives? >> they want to tax reform to be permanent. you have to have something after the 10 year window. it cannot add to the deficit in the long run. this is where there is tension between several things that senator mcconnell said earlier this morning, tax reform is to be revenue neutral, and you mentioned the $21 trillion debt. he took off the table the alternate. this is the key problem. any proposal you have that would raise the money republicans want to raise on rate cuts, it will be controversial. you don't do this witho

. >> if you talk to orrin hatch, chair of the finance committee and you talk to bradley -- kevin bradye house ways and means, they say they are committed to it. they agree on a lot more than they disagree on. >> first thing you need to do if you're going to detect the form is just to put a persistent -- a specific proposal out. it is great to talk principles and ideas but you have to put a specific proposal out and measure it against the principles you have espouse and you have to say if it is tax reform, do equal incomes pay tax, to the wealthy pay their fair share, the one of the market allocating resources as opposed to the ways and means committee? it's a simple, is a clear? >> what they would say is the primary goal is growth, we need to get growth for the economy to benefit everybody. what can be done that would make sense that would be program for the tax code? >> i think cleaning it up with neck a big difference. over a trillion dollars worth of loopholes in the tax cut. since the 1986, it is gotten worse in year-by-year with tax bills added more and more loopholes. it would ma

we will be talking shortly with orrin hatch.ybe the republican leadership right now is trying to get together to decide what to do and how to approach this problem. minutes have seven until all ryan will be giving a news conference. any hints about what that might entail? broadlyhe consensus is that the president has to get his and his staff's act together to use the vernacular. the question is, how can he do that, and is he willing to listen? is he willing to change his ways and bring some discipline to this process? are from what happened or did not happen, the underlying this is the name of taking away from things like tax reform and health care, things the president was elected to address. alix: an interesting point if i say so myself, it happened in d.c. two months ago, would we have seen a reaction we are seeing in the market, or is it because the harder data has been a little softer? ip coming in stronger yesterday. does that wind up making this whole situation worse? dysfunction in d.c. as there are worries about u.s. un

finance committee chairman orrin hatch says republicans will have to "manage expectations" and focuslls as doable. energy projects worth $50 billion are in limbo as companies wait for president trump to fill key vacancies. several energy regulators, including nexis, have been unable to secure permits as they wait for the trump administration to fill regulator seats. the projects include pipelines, new liquid natural gas terminals, and contested utility mergers. a team has begun investigating last month's edley sarin gas attack. -- deadly sarin gas attack. thee are allegations that syrian president's regime is responsible for the deaths of men, women, and children. global news 24 hours a day from our more than 2400 journalists in more than 150 news bureaus around the world. i am mark crumpton. this is bloomberg. julia? julia: thank you, mark. oil attempting to recover from the sudden drop. options insights is next. from new york, this is bloomberg. ♪ scarlet: this is bloomberg markets. in scarlet fu. .ulia: i'm julia chatterley now it's time for options insights with julie hyman. juli

. >> jon: we spoke with senator orrin hatch of utah in the first hour of our program today and said he has been ripped 2 impressed with this president. listen to this. >> i'm telling you the guy is a very, very strong personality who really is not going to back down. he's not going to go and whimper on the sidelines. he's going to do the best he can to get it done. frankly, i've enjoyed working with him. i think he is one of the few people on earth who might be able to turn this mess around that we have in this country. >> jon: is it possible that reporters are not used to the kind of pushback they are getting from this president? >> you know what, i think there is pushback from every administration. there is pushback from every president, from every politician who does not like a coverage that he or she gets. that is a normal part of the process of being covered by the press when you are a public official. i think journalists are accustomed to that. i think our job is just to continue doing our job and to be truthful and correct mistakes if we make them. that is a responsibility we ha

i will say this about the senate, senator orrin hatch says we need to manage expectations, focus on the art of the doable. the majority leader mitch mcconnell said thank you to the house for passing this, did not comment at all on the specifics of the bill. just said he want today repeal and replace obamacare. the guidance from the senate leadership is we need the cbo score first because of the rules of the senate. they can't take this bill up as it is until they know more about it. this is a big achievement for the president today. he needed this. if you look at the disgust among the conservative base at the spending bill, all the backlash for the spending bill that just passed. the president needed to look his base in the eye and say we made progress. >> me deserves a lot of credit for this initial step. >> huge defeat he suffered 42 days ago and now he's celebrating. this is in some ways a send off party for the folks who will have to go back to their districts and talk to the constituents. you imagine democrats will flood town halls. some republicans might not want to have town hall

the point person on this is going to be senator orrin hatch of utah, who just put out a statement moments the house health care bill passed saying that in the senate we have to focus on the art of the doable. there are expectations in the senate because they don't want to over hype the prospect of this happening. having said all of that, this is something republicans have promised in every election in the last seven years. they want a house and senate and white house on this promise. won the house and senate and white house on this promise. there is a will to get a yes. scarlet: we're looking with the gannett live shots of the white whererose garden, julia, the president has promised to make an appearance. he is essentially taking a victory lap after the bill was passed in house. as shannon pettypiece said, it is quite unusual for someone to give themselves a half on the back after the bill passes one chamber of congress. this is not yet law. not even halfway there. if this will ultimately feel like a hollow victory given what is yet to come. sahil, i want to ask you a question, because i