gary cullen is here, wilbur ross is here and i think that's a very important thing. and wilbur, perhaps, you would like to say a few things about trade right now and we can probably leave the media because trade is a very important for a little while but perhaps you would say a few words about trade and what we're looking to do. >> yes, sir. trade imbalance with south korea has doubled since the treaty was put into effect. the largest single component of that is automotive trade. and that's absolutely majority of it. there are a lot of nontariff tradearriers to u.s. only 25,000 cars per big three manufacturer are allowed based on u.s. standards. anything above that needs to be on korean standards. so that kind of rule making affects quite a few industries and really restricts the access that u.s. companies have to the korean market. we have the second problem with oil field tubular goods and other steel products. there is no domestic market for all three of tubular goods in korea. everything they make is export and we've had recent trade cases demonstrating that a lot

gary cohen is here, wilbur ross is here and that's a very important thing. lbur, perhaps you would like to say a few things about trade right now and we can probably leave the media. perhaps you would say a few words about trade and what we're looking to do. >> yes, sir. trade imbalance with south korea has doubled since the treat qy a put into infect. the largest single component of that is automotive trade a absolute majority of -- about a nontariff trade barriers to the u.s. exports only 25,000 cars per big three manufacturer are allowed in based on u.s. engines. anything above that needs to be encore even standards. so that kind of rulemaking effects quite a few industries and really restricts the 5:00 stha access that u.s. companies have to the korean market we have a separate problem with other steel products there is no domestic market for tubular goods in korea so everything they make is for export and we've had recent trade cases demonstrating that a lot of that is dumped chinese steel coming as hot rolled coil and then coming back to the u.s.'s oil

on the top of the list of notable speakers is the commerce secretary, wilbur ross. westin sat down with ross earlier today and asked him about nafta renegotiations, which are scheduled to start later this summer and about what he is hoping to hear from canada and from mexico. sec. ross: both governments are quite receptive to the idea of the renegotiation. they both know that this is at best an outdated agreement. it doesn't really address the digital economy. it is not really much address services in general. it certainly does not do much on financial services. it also does not do very much on natural resources. those are some big gaping holes in it. in part because the mexicans have changed their regulations for the better on natural resources and in part because nobody way back when nafta was negotiated even knew there would be the digital economy. so first of all, it needs updating. second of all, it needs some re-provisioning to adjust to the economic realities of today. for example, there are rules of origin, namely what percentage of the total content of a pro

we've got wilbur ross. senator, thanks, stick around with us. -- >> no. >> wilf saying >> you're great -- >> you're good at saying wilfred thanks you, too. the sincerity of the english coming up commerce secretary wilbur ross joins us along with uk international trade secretary. you know this guy, liam fox? >> i don't know him personally i'm well prepared and looking forward to it. >> i know you are. and then later united technologies ceo greg hayes, live we'll be right back. uh huh. i switched to t-mobile, kept my phone everything on it oh, they even paid it off! wow! yeah, it's nice that every bad decision doesn't have to be permanent! now you can ditch verizon but keep your phone. we'll even pay it off when you switch to t-mobile. you're searching for something. like the perfect deal... ...on the perfect hotel. so wouldn't it be perfect if there was a single site where you could find the right hotel for you at the best price? there is. because tripadvisor now compares prices from over 200 booking sites... ...to save you up to 30%... ...on the

kendis and diane. >> janai, worth noting wilbur ross is worth $2.5 billion. definitely not poor. >>> the president also said he hopes to deliver a new health care plan with the senate is working on its version of the legislation behind closed doors set to be released today. congressional aides say the bill would drastic cut made cade and penalties on people not buying coverage and block federal funding to planned parenthood. unlike the house measure it keeps obamacare subsidies based on income instead of age. >>> harassment are getting a clearer picture of the scope of russian attempts to interfere in the u.s. election. officials outlined efforts to hack into electronic electric systems in nearly two dozen states and flood the internet with misinformation. former homeland security chief jeh johnson told the house intelligence committee that he offered assistance to the states as he became increasingly concerned. >> in 2016 the russian government at the direction of vladimir putin himself orchestrated cyberattacks on our nation. that is a fact plain and simple

but meantime, we'll be hearing from wilbur ross. secretary, if you can hear us -- >> yes, i can hear you. >> neil: very good, sir. there's some concern expressed in the global community that we just alienated ourselves. what do you think? >> any time that people were taking money out of your pocket and you make them put it back in, they're not going to be happy. that's what is happening here. >> neil: do you worry, secretary, that this could hurt us on other trade-related matters, that if we pushed ourselves outside of this agreement, others in europe, elsewhere, will be leery to enter into any agreement? >> i don't agree with that at all. there's no reason to link one agreement with another. the sky didn't fall when we pulled out of tpp. the sky won't fall now that we pulled out of the paris accord. the president is right. he was elected by people in pittsburgh, not paris. >> neil: you're talking about the trans pacific partnership, the asian trading deal. the pact that the president said was a waste of time. >> yeah. >> neil: you

we'll be talking about in foreign direct investment in about 30 minutes at the conference that wilbur ross is overseeing >> it point's pointed out that epa, that talking about co2, emissions, toxic sites, maybe that didn't get quite the attention of toxic waste clean-ups. when scott pruitt was on, i asked him whether he believed that co2 was the primary control knob for climate you've mentioned co2 a couple of times. do you believe co2 is the prime rif control knob for the temperature of the earth and the climate? >> most likely the primary control knob is the ocean waters and the environment that we live in this shouldn't be a debate about is the climate changing, is man having an effect on it yeah, we are the question should be, you know, just how much and what are the policy changes that we need to make to effect that the idea that science is absolutely settled and if you don't believe it's settled you're somehow or other a neanderthal, that is so inappropriate from my perspective. i think if you're going to be a wise, intellectually engaged person, being a skeptic about some of these i

host: that is wilbur ross. what effect would this have at all on jobs, the idea that we renegotiate nafta? guest: it is interesting. certainly there is a lot of folks in the midwest that may have lost their jobs to mexico. i and others at the wall street journal have done some reporting . there is a lot of other reasons why the jobs were lost, one is automation. plants produce more vehicles today with fewer workers. another is china and other countries around the world have also taken a lot of jobs, a lot of production has moved over there. canada has a very similar economy to ours. to placescomparison in asia is a more advanced economy. it is not clear this agreement is the job killer. did we lose manufacturing in north carolina to mexico? yes, some jobs did but others moved to china and vietnam and that is not part of this deal. host: myrna is calling from riverdale, maryland and she is employed. caller: how are you? host: great, thanks. caller: can you hear me good? host: yes. caller: i work for the public s

search wilbur ross from our home page. take you live now to capitol hill for a senate appropriations subcommittee hearing on the budget request for 2018. and all the witnesses here in the room, including commissioners clyburn and o'reilly. the fcc chair, live coverage here on cspan 3. things should begin as soon as the chair of the subcommittee and the ranking member appear. >>> if you don't mind i think we're going to wait a few more minutes. okay, thank you.

mcmast exercise commerce secretary wilbur ross.teve hilton. eric, let me start with you. the conference always has had this aura, rather, of secretiveness and sort of being against the will of common people around the world. what are your thoughts? >> well, i guess they're going to have something to talk about after today with the president pulling out of the paris treaty accord. but that's what his whole campaign was about. it really was a debate, a national debate between nationalists and globalists. and, you know, what's really interesting is if you look at the markets, if you really look at the job creation. not just, you know, everyday americans, but even the markets on wall street seem to be reacting positively toward his america first policies. so it'll be interesting to see. i think he should send his administration there, learn about what either globalists or world leaders think in terms of the business community, get their input. but at the end of the day, i think his instincts were correct when he ran as a candidate, whi

he referenced his secretary of commerce, wilbur ross' presence at the rally, noting why his cabinet is full of billionaires - he doesn't want poor people in positions of power on economic issues. trump - i love all people. it rich or poor. but in those particular positions, i just don't want a poor person, does not make sense? jn tag: this comes as the congressional black caucus refused to meet with the president over his policies, arguing some significantly hurt low income americans. it's worth noting the president's proposed 2018 budget includes nearly 200 billion dollars in cuts over a decade to food stamps. out of the 10 states with the highest food stamp use, 7 voted for trump in november. jn abc news washington. in the day ahead. the so-called pizzagate shooter will learn his fate. edgar welch- drv to the comet ping pong pizzeria in northwest thinking he'd be freeing sex slaves he read about in bogus news articles online. armed with an a-r 15 and a revolver, welch opened fire into a locked storage closet. no one was hurt. welch has since apologized. he's facing several years in p

keep in mind, don't forget wilbur ross coming out and slamming the canadians, saying that they are not really engaging in free trade with us, and so now we have the treasury secretary there meeting with his counterpart in canada. will we see some fireworks? we're on it. in the meantime, let's get back to all of this happening with comey -- actually, hang on, we do have adam shapiro. we want to go to him in ottawa with more. >> reporter: and, trish, when you lk about fireworks, u know, the trade issuesre very big. this is our second largest trading partner, canada. $628 billion back and forth between the two countries in 2016. so, of course, those are some of the issues they're talking about. but one thing they're talking about, quite openly -- the canadians, at least -- is that nine million american jobs are tied to this very strong, as they say, relationship maintaining and being strong. so a big issue between the two partners, between steve mnuchin and bill morneau is tax reform and how that will impact canadian businesses with so much trade taking place. we had the opportunity at fo

and so, the president -- wilbur ross got 72 votes in confirmation vote had u.s.ate, many democrats supported him. why? because he is a success. cheryl: my favorite bernie sanders moment, let's given free college, that makes economic sense, i about fell off my chair. , so president, getting criticized for trying to stop immigrants from receiving welfare. >> i believe the time has come for new immigration rules, those seeking admission into our country must be able to support them systems financially, and should not use welfare for a period of at least 5 years. and we'll put in legislation to this affect shortly. cheryl: and so democrats are criticizing him, but that law has been in effect since bill clinton was in office, 1996. >> right, it has been the law, it passes the common sense test, do we people comes to america for purpose of going on welfare, when '96 law was designed to get people off welfare, give them dignity and help them make a living not rely on public existance. why do we want to invite people into america to go on public assistances? this meets c

wilbur, as jeff, wilbur is just known on wall street and don't call him wilbur ross and say wilbur's involved. mr. vice president, thank you very much for being here. we have had some busy schedules and we have a thing called health care that you may here is on the outside as we discuss. and i think it's going to come out that obamacare is dead. totally dead. and we are putting in a plan today that is going to be negotiated. would love to have democrat support. we won't get one. but we will hopefully get something done and hopefully something with heart and very meaningful. and steve, it's great to have you here. you have done a great job. you got a hell of a lot of money for that sale. i don't think you were given. what a deal that was. too many years of excessive government regulation, we have had regulation that's been so bad, so out of line that it's really hurt our country. and as you see on a daily basis, we are getting rid of regulation. dodd-frank is being cut and cut very substantially. we will have tremendous safeguards and have banks that will loan money to people so they

wilbur ross has been very successful. brilliant. in charge of commerce.nuchin, gary cohen advising on the economy as well. these people have been very successful, because they've been able to figure out the economic puzzle and how to succeed in the country. president trump said i wanted to get the best and brightest out there. >> juan: can i interrupt? >> kimberly: yes. >> juan: he the richest. >> kimberly: i said when he ran for office. >> juan: last night he said the richest. >> kimberly: he saying it makes sense. >> juan: if he said what you said, i might buy back into it. >> kimberly: would you vote for me, juan? >> juan: i can't help myself. i would. >> greg: i don't want someone with poor upper body strength to help me lift my couch. he is talking about the people that we know in our lives who are poor, no matter what they do with their money. no matter how much money they make it, they are just not good with their finances. somebody who is great with their finances, in charge of our finances, you want a great accountant who is good with money. it's

endorse this deal pushing for even more concessions from mexico joining is customers secretary wilbur rossning ross -- second ross good to see you put in context with overall negotiations plans to redo nafta why did you need to do this sugar deal now in order to clear the path for the nafta redo. >> well, it wasn't that it was necessary to do the deal but it was certainly desirable. reason being this has been a very nettlesome aggravating factor for quite some little while we thought it was a very good idea to try to get it out of the way so that we could get on with the much bigger parts of nafta that need changing. maria: and, of course, the sugar producers want more, they want more concessions from mexico, how are you going to win over the american companies the sugar producers? >> well, we basically gave them the vast bulk of everything that they had asked for we are now down to in their minds a technical issue and that is in the event that the department of agriculture forecaster sugar needs are wrong turns out much more needs to be brought in exactly what are the circumstances under

wilbur ross said he would open to completing the transatlantic trade and investment partnership being negotiated with the e.u. and top senate republicans said they are confident they can produce a new health care bill by the end of july. let's bring in the u.s. news editor of that paper, glenn hall of "the wall street journal" ." nice to see you, sir. happy friday to you. pick up the front page of "the wall street journal" as i do every day. in a way, she's calling her own paper out. >> the point she was trying to make in her opinion piece was largely that a lot of the news that happens gets overtaken by other events, sometimes the president's own tweets that redirect. today's front page, there's no question, pulling out of the paris kleiman accord is top news of the day and you'll see that out there. >> leland: is there simply more news than there used to be or do we just know about more news? it seems like your job has gotten harder. >> this president keeps is very busy in the social media, the speed at which information is being shared around the globe also has enhanced what we kno

we saw wilbur ross, the commerce secretary on our air with neil cavuto after it, he said this is not an treatment. this is making, we have to sacrifice the united states does. my question why did president obama, why did his administration think it was okay for america? >> it has been long a goal for liberal left in this country to advance a climate change agenda. you saw it back in the days of kyoto protocol. president bush actually submitted that to the senate. it was rejected 95-0. we heard some of the same apocalyptic predictions when kyoto was rejected. from 2000, to 2014, because of american innovation and because of new technologies, we saw an 18% reduction in co2 emissions in this country alone. so we demonstrated real leadership. we demonstrated real progress. but for some reason or another this issue of climate change emerged as a paramount issue for the left in this country and around the world. through kyoto, through president obama's cap-and-trade agenda, and then through the, in the last year of his administration to have america saddled in an international agreement in

for what it is worth, wilbur ross ev ross is very sharp., yeah, so, forget about the 2.7 million jobs lost. that's dubious. that's what trump claimed yesterday. let's talk about what concerns ceos. they are concerned because they know that a lot of money, trillions of dollars for sure is going to be spent on new energy technology over the next 50 years. they want a part of it. they want a piece of that pie and they want as much as they can get. i think what they're basically saying is we want cover from the u.s. government to help us get in the door and have the best shot of getting a bunch of that business. they're saying we're not in this deal, we're not at the table. we want a seat athe table and we don't have itnow. >> it's a good point. but, guys, i would ask you and shelby to you. this isn't going to stop them from investing in renewable energy. >> what is going to really change? as i said earlier, market sources make it profitable to invest in renewable energy and also under tremendous pressure from shareholders and customers to redu

coming up soon, wilbur ross this is bloomberg. now to your bloomberg business flash.ee new business units. incomet will cover fixed and another will focus on etf's and the third will manage regional sales. google is promising to do more to suppress terrorist propaganda. google instituted new policies and practices to identify terrorist of videos. people are concerned that terrorists are using videos to recruit. signs thatore sides the housing slump and u.k. will continue. prices drop to 2.4% in june. david: thank you. it may be difficult to remember but there is a lot going on in washington besides the rush investigation. there is legislation on health trade policy and bank regulations. to talk about the other side of washington are our next to guests. start with banks. we've got the stress test coming up. where are we with bank regulation in washington today? a slowink there has been but steady migration of expectations. that is a theme you see throughout, and managing of expectations at a minimum. with banks, there has been a shift from the legislative expectations

. >> wilbur ross discusses nafta, the north american free trade agreement and announced a renegotiation process would begin on august 16 and he made the announcement at the bipartisan policy center. on how nafta affects the business. this is about an hour. >> good afternoon, everyone. a pleasure to welcome you here to the bipartisan policy center for what i think will be a pretty exciting and important conversation about opportunities to strengthen, modernize and reform the north american free trade agreement. as i think you are aware, we have two action-packed conversations. talkingfirst start out it to of the leaders of the key industry that will be influencing this discussion. we will be joined right around 4:00 by the secretary of commerce. let me just set the stage for you for a couple of minutes, then we will get into our conversations. those of you who follow our work know we try to accurately define problems. we have a quaint affinity to evidence and are best efforts to come up with rigorous facts on which people can have a good fight. we like to try to move forward and develop

gary cohn and wilbur ross is here.robably leave the media. perhaps you can say a few words about trade and what we are looking to do. >> yes, sir. trade imbalance with shanghai -- shanghai south korea has changed. >> that's an absolute majority of it. so about nontariff trade barriers to u.s. export only 25,000 cars per manufacturer are about based on u.s. standard and anything about that needs to be on south korean standards. restricts u.s. companies have with korean markets and goods and steel product. there is no domestic market for goods in korea. so everything they make is for export and we've had recent trade cases demonstrating that a lot of that is dumped chinese steel coming and coming back to the oil. but a lot of very specific problems and i think the way to address it is to deal product by product with what we can do to change the export side and what we can do to reduce the bad influence side. >> thank you very much. you could stay for this also and perhaps gary cohn can say a few words about trade. >> yes

wilbur ross has been very successful. brilliant. in charge of commerce.y cohen advising on the economy as well. these people have been very successful, because they've been able to figure out the economic puzzle and how to succeed in the country. so, when president trump ran for office, he said, i want to get the best and the brightest available out there to help me with this challenge to make america great again. >> juan: can i interrupt? >> kimberly: yes. >> juan: he the richest. >> kimberly: i said when he ran for office. this is what he promised. >> juan: last night, he said the richest. >> kimberly: he said it makes sense to have someone who knows how to make money. >> juan: if he said what you said, i might buy into it. >> kimberly: would you vote for me, juan? >> juan: i can't help myself. i would. >> greg: he basically said, i don't want a clumsy person helping me move my couch. l there two types of poor people. there is a class designation where you work hard but you are never going to get rich. he is talking about the people that we know in our

commerce secretary wilbur ross says president trump never intended to tear up nafta, but it does require a thorough revamp. he said the guiding principle will be "to do no harm." he wants to talk to congress by july because big changes will require approval on capitol hill. he said the window to change nafta remains open through next january. trade tops the agenda as vietnam's prime minister became the first southeast asia needed to meet president trump. vietnam was seen as a beneficiary from the tpp and was to sign -- wants to sign bilateral agreements now that the united states has abandoned the pack. over america'sn $32 billion trade deficit with vietnam. >> we are already in discussions , including trade. we have a major trade deficit with vietnam, which will hopefully balance out in a short time. rosalind: malaysia airlines flies from airline -- melbourne to kuala lumpur was turned back after a passenger tried to enter the cockpit. the flight landed safely in melbourne before midnight and the carrier offered no further details. malaysia airlines is recovering from two fatal and unex

rex tillerson, wilbur ross, general kelly, general mcmaster, general mattis, steve mnuchin, gary cohnly the best cabinet that has been formed in the last 20 years. megan: at yale, the only 'a' you need -- thank you ver much. ♪ >> the thrill of living well is in the pursuit. the pursuit of the rarest experiences, the pursuit of the finest products. the pursuit of quality in everything you do. and in all of these pursuits, you need the best intelligence to make the best decisions. >> we know that she sells for a lot, but what makes are important. >> it isn't easy. it is difficult work. >> welcome to "bloomberg pursuits," where you find information that follows your inspiration. in this edition, how to make the most of a visit to mumbai. how to choose the sports car that suits you perfectly. >> this car has a lot to offer,

rex tillerson, wilbur ross, general kelly, general mcmaster, general mattis, steve mnuchin, gary cohnly the best cabinet that has been formed in the last 20 years. megan: you are looking at the administration, with great would you give it? so far? tom: look, i would not give it a grade yet. if you look at metrics, if there a health bill, tax bill, no. we have put a lot of chips and of things and are doing a great job, but it's too early to bring the report card in. i would give an 'a'for what they intended to do was to come in and turn things upside down. you can't live with status quo. i would take a sabbatical from the grades. look at it in a year as we approach the midterm and give him a chance. it is too early to evaluate it. megan: at yale, the only 'a' you need -- thank you very much. [applause] ♪ narrator: our world today is wealthier than ever. but not everyone shares in this wealth. today's young business leaders are challenging this, changing the way we think about money, its power and its purpose. this is a new generation. this is the new philanthropy. ♪

. >> we have the legendary wall street genius wilbur ross here, he's our secretary of commerce. have gary cohn, president of goldman sachs. and wilbur is very rich person in charge of commerce. this is the kind of person we want. the president of goldman sachs, smart, having him represent us. ( applause ) and i love all people, rich or poor, but, in those particular positions, i just don't want a poor person. does that make sense? does that make sense? ( applause ) ( audience reacts ) yeah, the federal department of (bleep), i'll have one of you guys! yay! trump, yay! ( laughter ) who is this guy? donald trump just said we need bankers to run this country and everyone applauded. right now i'm just thinking poor hillary clinton. bankers, goldman sachs bankers? that's what everyone went after her for. now trump went, yay! i imagine everything in hillary's house is bent in rage -- the spoons, the forks, bill, everyone, just bent over, like, ahhh! ( laughter ) you know, at first, i didn't get why the republicans were so ballsy with gutting america's healthcare. but after watching th

rex tillerson, wilbur ross, general kelly, general mcmaster, general mattis, steve mnuchin, gary cohnably the best cabinet that has been formed in the last 20 years. megan: you are looking at the administration, what grade would you give it? a to f, so far? tom: look, i would not give it a grade yet. if you look at metrics, if there a health bill, tax bill, no. where are we on foreign policy? we have put a lot of chips and and things and are doing a great job, but it's too early to bring the report card in. i would give an 'a'for what they intended to do was to come in and turn things upside down. you can't live with status quo. so i would take a bbatic om therades. i'd say, let's look at it in a year as we approach the midterm and give him a chance. it is too early to evaluate it. megan: it reminds me of that old saying at yale, the only 'a' you need -- thank you very much. ♪ ♪ announcer: "brilliant ideas," powered by hyundai motors. >> ♪ i-d-e-a, ideas ♪ ♪ narrator: times square, new york, this giant projection is the work of artist pipilotti rist, part of an important exhibition ab

wilbur ross described that to me as a feeble deal? is there any truth that? >> the enforcement deals are feeble. let's face a larger reality here and that is that the 20th century was the american century. the way we're actsing now 21st century is going to become china's. it's taking the leadership flag away from the united states. we increasingly across the world, i will tell you, especially in europe, there's a lot of people who are going to see this as the united states is now in the hands of a mad man of some sort. they don't get it. they're upset about it. and they believe that china is the country that's going to benefit middle east in the united states pulling back. >> today american workers will benefit and that's the difference. >> all right. we'll leave it there. thank you all very much. next, did jeff sessions commit perjury live? that's the charge. plus officials who met with every person named in the trump vex. jeanne moos does her best sean spicer. >> hey, turn that off. no cameras. audio only. you know who likes to be in control? this guy. chec

the president knows that and he was completely playing into that by talking about wilbur ross. i would bet that, if he were to do it over again, if you would put truth serum in his wheatity's and say, would you say it just like that, i don't need poor people? probably not. he was trying to make the flip side of that argument about the fact that he thinks that people who know how to make money, who have made money can be there. but i also think that alexander hamilton and others who are intellectually capable of understanding the economic process. >> -- you have all kind of people designing your economic opportunity. >> the rich doesn't necessarily mean they're all one people. >> let me add one other point. i do think this is an example of overly interpreting trump. we've been around long enough in the trump presidency to watch him make these eye rolling statements that seem to be so offensive to people if they took it literally and some people will be offended on the merits of it. what he's basically saying is we're going to come in from the outside, we want to win. i'm going t

but by the way, these guys from reince priebus to wilbur ross to pence, they've got nothing on northean propaganda when they praise kim. you know, his father, for instance, shot a round of golf 18, 18 straight holes in one, so, you know, these guys in the cabinet they just are real pikers when it comes to praise. this was sort of sickening. >> you mentioned it earlier, well yesterday, when we think about jim mattis the one person in the room who did not fall all over himself to praise the president. he was talking about our troops and the military. jim mattis has said north korea is the biggest threat, is a massive threat that we're underestimating. >> this is another example of america falling into full-on banana republic mode. here general mattis makes an accurate assessment about the threat posed by north korea with its ascending nuclear capabilities yet we do not have an assistant secretary of defense for asia, we do not yet have an assistant secretary of state for asia, what do we have? we have the worm. we have dennis rodman heading out there. this is just -- this is -- i never

. >>> plus, pushing back a completion date to renegotiate nafta, where the new timeline wilbur ross iss key campaign promises. we'll be right back. "how to win at business." step one: point decisively with the arm of your glasses. abracadabra. the stage is yours. step two: choose la quinta. the only hotel where you can redeem loyalty points for a free night-instantly and win at business. what's the best way to get v8 or a fancy juice store?s? ready, go! hi, juice universe? one large rutabaga, with eggplant... done! that's not fair. glad i had a v8. the original way to fuel your day. >>> welcome back. turning to the ongoing conflict in syria, the white house responding after russia's defense ministry said yesterday it will treat u.s. coalition drones operating west of syria as targets and will shoot them down. in a statement the russian defense ministry says those ambassadors are an act of "military aggression against syria's sovereignty" adding the kremlin will stop cooperating with the u.s. military in syria and no longer exchange intelligence meant to prevent mid-air collision. gener

julia: that was wilbur ross on bloomberg today.david gura will interview steve mnuchin, who will be speaking at the select usa event. the interviews at 7:30 a.m. wall street time and we will bring it to you here and on the radio. let's check on the first word reviews this afternoon with jessica. jessica: the supreme court has agreed to take m janet -- gerrymandering. democrats in wisconsin have challenged the boundaries for state legislator districts. the courts said that they were drawn unfairly to minimize the influence of democratic voters. three days after president trump signs the new cuba policy, the cuban foreign ministers rejected the presidents rules, saying that cuba will never negotiate under pressure or threat, saying that americans who received asylum in cuba would not he returned to the u.s.. angela merkel says that the u.s. is the important part of the group of 20 summit, which are , and ithost next month would be welcome. she spoke at an event and reviewed -- renewed her criticism of the decision by president trump

then mr strump noted why his cabinet is full of billionaires with secretary of commerce wilbur ross inwd. the comment comes as the congressional black caucus refused to meet with the as the congressional black caucus refused to meet with the president over his policies, arguing some significantly hurt low income americans. happening now - a search who threw bleach at two men outside a northwest bar early yesterday morning. police say this happened after an argument in front of the black whiskey nightclub. they say someone threw bleach out the second story window of the bar. it got in one of the victims eyes- and sent him to the hospital. d.c. mayor muriel bowser is declaring war.. on rodents. conference this morning, she'll announce new solutions to decrease the rodent population across the city. they include innovative solar trash can and smart litter bin initiatives. there's also the "waste compactor grant program." it will allow up to 60 local businesses to buy or lease trash compactors. the mayor will also highlight "text to 3-1-1" as a way for d.c. residents to request rat abateme

david: we also talked to wilbur ross about nafta, another big issue pending.d deadlines coming up. he told us august 18 this by which they have the starting negotiation and one month before that, he has to come out to congress with his detailed plan. what do you expect with the negotiation with respect to canada and mexico? wendy: we will have to see. there are important deadlines coming up, including providing negotiating objectives. administration is trying to figure out what do we ask canada and mexico to do in these negotiations? do we limit them to know -- modernizing nafta or include the provisions to bring down the trade deficit, one of the objectives stated by this ministrations return negotiations? this is a busy period for those working on trade in the white house at the commerce department and at the office of the u.s. trade representative. david: we will find out soon enough. to your point in talking to mr. ross yesterday, he did not mention totally redoing after that. what do you talk about, including digital services, including rules of portugal'

i think that wilbur ross and the department of congress have made it very clear that they want to get a better deal for our country. i understand the governor's point and we're going to continue to work through the proper channels and dispute resolution settlement to get that -- to achieve our goals and make sure that the concerns that we have are settled correctly through the mechanism that exists. speaking of kentucky, i'm going to -- hold on. >> today is world refugee day. does the president feel that refugees are a threat to american security? >> i think the first and foremost thing that the president is concerned about, obviously, you take an area like syria, for example, he's been very focused on trying to get countries to agree and to work together on creating safe zones, because refugees, for the most part, in a lot of areas, would rather be in their country where they're from, safely. have a place to raise their family and not be resettled. that's our number one goal for them in those cases. but number two is i think the president's also been very clear. his number goal as co

the president also made a comment about secretary of commerce wilbur ross' presence at the rally. >> i love all people, rich or poor, but in particular positions, i just don't want a poor person. does that make sense? >> trump also attacked the news media and blasted his opponents as unbelievably nasty. a group of protesters was escorted out by children. >> the flower children who lived through the summer of love came back for a celebration. >> a party filled with peace, love, and plenty of nostalgia. katie was there last night. >> the crowd was fantastic. >> the summer solstice and a free concert brought people together on the anniversary of the summer of love. >> here we are 50 years later welcoming people back to golden gate park to create a connection between past and present. >> always interested in the haight-ashbury buzz i grew up in mar marin. i started going on peace marches against the vietnam war when i was 14. >> she wasn't alone. some 100,000 young people converged on san francisco in 1967. flower children, hippies, counterculture. many opposed the vietnam war. like juni

according to the commerce department, wilbur ross was at that rally with the president and he could have fact check. new home construction has fallen to its lowest level in eight months. and home builders have actually built fewer homes in the last three straight months. come on now president trump, fact check it. >> well, that was a fact that wasn't true. we'll continue to fact check because we actually want that to be true. we want there to be a good economy. that's what we're here for. >> that does it for us. "velshi & ruhle" signing off. both of us every weekday at 11:00. >> and i'll 3b:00 p.there at 3:. have a great rest of your weekend. [vo] what made secretariat the greatest racehorse who ever lived? of course he was strong... ...intelligent. ...explosive. but the true secret to his perfection... was a heart, twice the size of an average horse. adult 7+ promotes alertness and mental sharpness in dogs 7 and older. (ray) the difference has been incredible. she is much more aware. she wants to learn things. (vo) purina pro plan bright mind. nutrition that performs. ♪ ♪ isaac hou has

the question is, what is wilbur ross or the trump administration going to do about these imports?l it just be china, as you mentioned? there are lots of questions like -- what about canada? told us a couple of weeks ago in a story to you 40% of aluminum constructions from canada. they questions as to whether they will levy tariffs or quotas against all countries or if they will specify them. >> does china have a case if you look at it on the opposite of china, canada, wherever else they are getting supplies from, they need to target one country. joe: that's a good question and one that hasn't really been playing out in the market. no action has been taken. i'm not the expert to know, but i'm sure that plenty of people out there are saying -- certainly, china has the option if they feel that something is unfair or illegal, they can take action, essentially going to the wto, which is not uncommon. we have seen this from all sorts of nations. it could be on a table, sure, but we would need something from trump and wilbur ross first. >> we will look for something potentially this week

comert secretary wilbur ross is a key supporter of the tariff, but some members of congress worry that could set off a global strayed war and raise prices in this country. police in the philadelphia suburb of west gauchan are investigating the murder of an 18-year-old girl this week in an apparent road rage attack. jim axelrod is following this. >> reporter: outside philadelphia this afternoon, police held up this wanted poster, a drawing of the man driving this red pickup truck who allegedly shot and killed this 18-year-old recent high school graduate bianca roberson, in what appeared to be a traffic dispute. thomas hogan is the chester county, pennsylvania, district attorney. >> a man in a red pickup truck pulled out a gun and shot her in the head, killing her. this is now a murder >> reporter: roberson and the man were merging into a single lane on a road in the town of west gauchan, 25 miles west of philadelphia. west gauchan chief of police joseph gleason. >> reporter: roberson's car veered off the road into a tree. she had planned to start at jacksonville university in august. to

wilbur ross is preparing to announce protectionist measures. >> that's right.on that as early as wednesday when wilbur ross will be talking about the findings from an investigation on whether foreign countries are dumping steel at an artificially low cost in the united states. the question is whether it is an issue of national security, whether this cheap steel is hurting u.s. steel manufacturers. if so, it could include a recommendation of higher tariffs , quotas, or some mix. itald trump last week said would look at particular products as well as particular countries. that was a failed to swipe, because anybody watching steel knows it all has to go back to china. is china'swhite line production of steel. that outpaces the blue line, which is the rest of the world. in the yellow, that is u.s. production. ofs is all normalized as 2007. after we heard the first news from donald trump saying he might pull out protectionist measures, we did see a pop in u.s. steelmakers, ak steel, u.s. steel. ak steel jumped by as much as 7%. you can see that in the middle of your

there was an off-mic conversation between donald trump and wilbur ross, commerce secretary a couple ofweeks ago which was reported on in politico trade where wilbur ross, look at the japanese on food, they don't accept anything, they don't let anything in and, you know what, if they're looking at japan as a model for not just food but calculation of trade because japan is trying to use value added trade accounting, then they'll do well to look at that example. i find that encouraging. not so optimistic in the moment. no one seems to have the appetite and defend what's good about these things. there was a question here, i think. >> thanks. i would like to explore what your thoughts are on the purpose for protection what i would define by china toward north korea and is that all a trade function and the potential loss of trade and could you comment a little bit about what seems to be a strategy to reduce the country's volatile government by the u.s. and others, but with china it seems at least what i've been reported is that china has a lot of -- of workers that come from north korea and

did that on may eighteenth and so it can't start till somewhere in the middle of august and both wilbur ross the commerce secretary and robert light hisor of the u.s. trade representative already been doing preliminary things to get their their ducks in a row and look i try to be. as i do a little pollyannish on this there are things that make sense to tweak on nafta i mean this is an agreement that was from you know ninety three didn't go to affected told ninety four originally started with talk about h.w. bush earlier it was really an h.w. bush initiative brian mulroney president salinas of mexico they started it came into into force when president clinton was there so it could be updated i mean the digital world technology agriculture there's lots of things they could do to update nafta renegotiating we'll have to see the mexican say we don't want to go shoot any stink and quotas or tariffs so that's off the table that of office but now we've got threats from from mexico and corn from elk. absolute answer but let's talk about august i'm a little skeptical as i usually am here august reces