helping us out on those we got to bring you on again to talk about this growing problem in the united states gary left chairman and c.e.o. of miles and points consulting and the founder of you from the wing dot com thank you thanks lindsey. the internet has disrupted just about every industry but it significantly changed the way we shop our chief correspondent trinity child has has more on that from new york brick and mortar stores are closing out an epic pace putting the retail business at risk for the most store closures this year than ever before leaving many wondering what the future of shopping looks like. advancements in technology have made it easier for brands and customers to analyze and share information which is changing the retail landscape drastically but with the rise of the supersized each tailors like amazon and e bay more and more brick and mortar stores are having trouble competing so i think that their role is definitely changing right so it's not it's no longer sort of the of a constraint that where people have to shop right because almost anything as i. online now according t

. ♪ >> ladies and gentlemen, and the president of the united states captain michael gary rose, captainunited states army, retired. ♪ >> we recall the words of sacred scripture. no one has greater love than this to lay down one's life. for one's friends. let us pray. almighty god, source of faith and love, be present with us here and now on this important location for our nation, as we recognize the extraordinary selfless service of captain mike rose. his heroic acts of sacrifice reveal to us the true dignity of each and every one of us, of all our brothers and sisters. they these few moments here today and this example of captain rose's noble service show the way of life, liberty, and the pursuit of happiness. may his her like acts stir within us all the sacred desire to serve our nation. to serve with honor. and to serve with selfless acts that lead to peace. amen. pres. trump: thank you very much. chaplin hurley, vice president pence, secretary shulkin, members of congress and the armed forces and distinguished guests, please join me in welcoming captain michael gary rose to the whit

helping us out on those we got to bring you on again to talk about this growing problem in the united states gary left chairman and c.e.o. of miles and points consulting and the founder a view from the wing dot com thank you thanks lindsey. the internet has disrupted just about every industry but it significantly changed the way we shop our chief correspondent trinity child has has more on that from new york brick and mortar stores are closing out an epic pace putting the retail business at risk for the most store closures this year than ever before leaving many wondering what the future of shopping looks like. advancements in technology have made it easier for brands and customers to analyze and share information which is changing the retail landscape drastically but with the rise of the supersized each tailors like amazon and e bay more and more brick and mortar stores are having trouble competing so i think that their role is definitely changing right so it's not it's no longer sort of the of a constraint that where people have to shop right because almost anything as i. online now according t

every time you go and get a favor from vladimir, you are harming the united states. garyaka kasparov will tell yo this. one thing overlooked about the why russia question. russia is a small economy. small thaern italy's economy. but russia as a friend of mine wise in the ways of finance pointed out. russia is a huge unregulated capital. if you want to understand the story, you have to go back to 2008 and a comment that donald trump jr. made to a real estate newspaper or magazine saying a large part of our business is in russia. it was the unregulated capital, not in russia but in the ukraine that attracted paul manafort. michael flynn going to russia to get large speaking fees from rt. that is why russia is so important to the story and i think this is why donald trump is so nervous because so much of that unregulated capital tries to wash itself through real stae estate. >> what does unregulated capital mean? >> it's money whose ownership, whose uses are not entirely clear that moves from one offshore account to -- from the jersey islands to the caymans into real estate

united states. accompanied by medal of honor recipient. recipient captain gary m. se, united states army, retired. >> let us gather in these sacred words. no one has greater love that than this, to lay down one's life for one's friends. let us pray. almighty god, we thank you for the gift of this day, of this living lives all devoted to in service to you and this country. our hearts are especially grateful this day for the courage, honor, and extraordinary service of specialist james mcluhan, whose acts of bravery conveyed to us a true understanding of the bravery of life as his service demonstrates your faithfulness and a unconditional love for all humanity, we ask you to continue to inspire and guide others to their own acts of selflessness and grant all of us hearts eager and preservewill life, liberty, and the pursuit of happiness -- liberty. amen. >> thank you very much. please, be seated. you chaplain hurley. secretary mnuchin, secretary shulkin,ecretary congressmanan out, upton and members of the armed forces, thank you for joining us as we award our nation h

of this because apparently this is something that the president of the united states thinks it's worth his time and to agree with gary b. i'd rather my president find this below him and focus on things more important like why is he spending his time on this? >> dagen: patrice you get the final word on this but the president didn't start it and there are a lot of americans who are angry that people cannot respect the anthem. >> you know what's interesting is these protests had dwindled down to nothing at the very beginning of the season and it wasn't until president trump did tweet which to the point of some of my colleagues here that all of a sudden this anti-trump resurgence of interest in the protest came forward. again, i stand by my comments about the motives of these guys. i really hope criminal justice reform supporter and i hope they are here but if they are not it's hard to believe they are really being sincere and not just stepping up as soon as the president says something about it because they feel slighted by him. >> dagen: thank you, ladies and gentlemen. cashing in just over an hour from now, trish rega

united states and give it to the wealthiest people in this country. damnis not going to fix a thing in the united states. it will not help split, springfield, youngstown, pittsburgh, or gary, i am talking about gary, indiana. they will get hammered. we have tried this before and many of you were here. president bush did this in we will cut taxes for the wealthy and that will lead to growth and wages to go up. we had the most stagnant decade of growth since the great depression. it ended in a complete economic collapse. this is a canard. this economic philosophy stinks, it does not work and hammers working-class people. to pour salt in the wound, madam speaker, to put salt in the wound, you keep the deduction that allows a corporation to outsource jobs from our communities to other countries. the only place this bill will in beijing, is china. i yield back the balance of my time. >> gentleman from illinois is recognized. >> the good news is, according to joint committee on taxation, 70% of the individual tax relief goes to families earning under $200,000, according to their publication on november 13. i yield a minute to the gentleman from florida. >> you are recognized fo

president of the united states hawk watchers this week on november eighth we mark the official one year anniversary of the night u.s. citizens chose donald trump over hillary clinton jill stein and gary johnson to be the quote unquote leader of the free world and what a jam packed three hundred sixty five days it is ben we've seen political discourse devolve into namecalling finger pointing paranoid zina conspiracy mongering and that is just on the democratic side of the country we've seen republicans finally get the ball in their court by having not only the presidency but the congress and the supreme court in their grubby little hands and still find a way to consistently fail there based on their long time campaign promises it's been quite quite quite the year but despite all the exasperate in the broken promises the new way of looking at the ism the embarrassing twitter wars the fake news the tapper is tapping the blitzers wolfing the military industrial chest thumping the kim jong un the protests the all right temper tantrums an anti was adolescent a. we are here in the united states are well we're still standing the world hasn't ended and thankfully thankfully there are still th

. >>> john harwood sat down with gary cohn and he joins us now >> when you shift to a more territorial system, companies are going to bring cash back in the united states and pay them more one of the things i asked gary cohn is, what happens and do you still get the benefit if corporation use the money for dividend and stock buy back which was what happened the last time we had a patriotiation the last holiday >> now, you are making business decision, if people will bring the money back because they think there is an economic return that makes sense here in the united states, we believe there is a great economic sense. if they go to your all alternatives which is issuing dividends or buy back stocks, we get another 20% tax on the money that they issue dividends or taxes. we get a dividend or capitol gain tax the people that get those dividends or the gains, they are investors, what are they going to do? they'll reinvest the money back in the market? the idea that you are going to hire more workers and pay marngmarn marginal workers more. if i got to pull the capitol invest market today and you send me a big dividend, i am sending that money back to som

united states. the republican tax overall bill is in the crosshairs is reports link gary cohn and wilbur ross to officer tax havens -- wilbur ross to offshore tax havens. looking forward to that conversation. less than half hour away from the european trading this morning. it is a look at we are going anywhere in a hurry. he's is the fell value actuations -- the fair value calculations. let's talk about some interesting things happening around the world. let's take you to the gmm function, first up, china's market had a solid section. solid session. -- solid session. saudi arabia markets down. kingdom holdings is having another bad day. the real is on the move. there's a peg so that is a big move which is why that gmm is flashing it. let's say some the other traits happening. the japanese 10 year is on the move. i want to highlight this very big move we are getting in iron ore up by 512%. -- 5.2%. the bond market neither going to be interested to see how they european miners trade on the back of that move. let's get to bloomberg business flash with juliette saly. juliette: in the u.s., 26 people have be

people that we get to work with, and i'm going to introduce gary doer, who many people know as canada's former ambassador to the united states. he was also premier of the province of manitoba. he's a rock star, a hard act to follow. you can just ask ambassador mcnaughton who had to follow him. you can ask the people who work with him in the embassy. i almost had you married to juton, who represents the province of ontario. our friends from mexico, everybody knows gary doer, so with that, gary will ask you to introduce to group. i believe general leslie is in the building. you can go ahead and start and we'll get him going. >> thank you very mump, scotty. please, i hope you get better soon, scotty. and you can have on our recommendation, either some tequila from mexico or bourbon from the united states or good old crown royal from manitoba, canada. and we would strongly recommend that for medicinal purposes here at this trilateral discussion on trade. it is an honor to be here with all of you. and i'm going to -- i'm not going to rag the puck. i understand general leslie is in the room or on the way. i think he's coming. so i

like secretary of state rex tillerson, wilbur ross, gary cohen, and treasury secretary steve mnuchin. let's be clear, offshore tax evasion is a major problem, not just for the united states but for governments throughout the world, and this is really quite unbelievable, but in the year 2012 the tax justice network estimated that at least $21 trillion -- $21 trillion, a number almost beyond comprehension -- is being stashed in offshore tax havens around the world. imagine that. $21 trillion flowing into tax haven in the cayman island, luks 'emburg -- luxembourg to avoid taxes not only the united states, but great britain, france, germany, et cetera, et cetera. it's a funny thing about these guys. all of these billionaires, they love veterans and they love the military and they want to see us rebuild the infrastructure and they want to see our kids get a good education, but you know what? they don't want to pay taxes to make that happen. they want ordinary people to pay the taxes. so republicans here want to increase military spending by $50 billion, $6 billion. not the billionaires, they are not going to pay that, they have their money in the cayman islands. it is

of the united states hawk watchers this week on november eighth we marked the official one year anniversary of the night u.s. citizens chose donald trump over hillary clinton jill stein and gary johnson to be the quote unquote leader of the free world and what a jam packed three hundred sixty five days it is ben we've seen police conspiracy mongering and that is just on the democratic side of the country we've seen republicans finally get the ball in their court by having not only the presidency but the congress and the supreme court in their grubby little hands and still find a way to consistently fail their base their long time campaign promises it's been quite quite quite the year but despite all the exasperate in the broken promises the new way of looking at the ism the embarrassing twitter wars the fake news the tapper is tapping the blitzers wolfing the military industrial trust thumping the kim jong un the protests the all right temper tantrums an anti was adolescent a. we are here in the united states are well we're still standing the world hasn't ended and thankfully thankfully there are still those of us out there in the darkness watching the hawks. it. looks like.

that's one of the reasons the president left steve mnuchin and gary cohen back in the united states we oversee this process. francine: why is it so difficult? mike: they are running up against the immutable law of mathematics. do au're going to try to tax bill that can only lose $1.5 trillion over 10 years, you got to make those numbers work. it's not fitting into the cap. congressional budget office came up with a number of $1.7 trillion for the house bill. they are over the number already . it's hard to make this work, especially since they are not working with democrats at all, trying to come up with a plan that satisfies only republicans. you see tension over state and local tax deduction in the united states. the house, very worried because republicans represent a lot of districts in new york, california, places that use this deduction, where as in the senate, the senators who represent new york and california are democrats. they are talking about repealing the whole thing. francine: in the corridors of washington, what is the horsetrading? kevin: a lot of anticipation to see whet

united states is really striking in this. >> okay. indeed. i want to talk quickly tax reform, john, because i want to play part of the clip that you have in your with interview with garyo's talking about the tax bill. here it is. >> one or two most important principles that drove what you did. >> so the president had two really important principles. number one is we have to deliver middle class tax cuts to the hard working families in this country. number two is our corporate tax system just is not competitive with the rest of the world. the big thing we're trying to do is we're trying to solve for middle income hard-working families. >> are they going to deliver all that, john? >> well, look, the argument from gary cohn and the white house is that if you cut taxes for corporations, they're going to take that money and invest in new economic activity, hire more people and bid up their wages. if you believe that, then they can make the argument that that is in fact what they're trying to solve for. but much of the economics profession does not believe that and when you look at the actual dollars going directly to middle class taxpayers, it is very small. and in fact si

of the united states hawk watchers this week on november eighth we marked the official one year anniversary of the night u.s. citizens chose donald trump over hillary clinton jill stein and gary johnson to be the quote unquote leader of the free world and what a jam packed three hundred sixty five days it is ben we've seen political discourse devolve into namecalling finger pointing paranoid zina public conspiracy mongering and that is just on the democratic side of the country we've seen republicans finally get the ball in their court by having not only the presidency but the congress and the supreme court in their grubby little hands and still find a way to consistently fail their base their long time campaign promises it's been quite quite quite the year but despite all the exasperate in the broken promises the new way of looking at the ism the embarrassing twitter wars the fake news the tapper is tapping the blitzers wolfing the military industrial chest thumping the kim jong un the protests the all right temper tantrums an anti was adolescent a. we are here in the united states are well we're still standing the world hasn't ended and thankfully thankfully there are still

gary augustine, executive director disabled american veterans. dana atkins president military officers association of america. jeff ledieux, president air force sergeants association. board chair commissioned officers association of the united statesvice. robert swann, national commander polish liege of american veterans usa. not with us today is paul warner, national commander from the jewish war veterans as they do not attend cemetery on the shabbat. they will celebrate veterans day at the vietnam wall and world war ii memorial. the associate members of the committee are located in the boxes to my left. i would like to ask the presidents and national commanders that compromise our associate membership to stand and be recognized. ladies and gentlemen, please join me in recognizing our veterans national leadership with your applause. [applause] it is now my pleasure to introduce our veterans service organization host for 2017. the korean war veterans association of the usa. the korean war veterans association of the united states of america or kwva is honored to serve as the host organization for the 2017 veterans day national commemoration at arlington national cemetery. kwva is incorporated as a nonprofit corporation that meets

brings us back to this conversation that gary cohn from the administration and so many republicans say you're going to get this flood of investment in the united states with the corporate tax cut to 20% guess what, coca-cola pays below that rate right now and the repatriated cash back to the u.s., quincey candidly say some will get invested in u.s. business, but don't expect us to make this big hiring wage increase, as we've heard from, frankly, some of the republicans. i think that's definitely going to be part of the debate >> sara, we'll come back to you in a bit really interesting stuff out of atlanta. sara eisen is at coke today. >>> when we come back, david faber sits down with charter's tom rutledge sara will get details on a big tech push. best day since september 11th for the dow. cisco is helping out, rising after the company finally managed to reverse the two-year streak of clindeing revenues we'll talk about that when "squawk alley" comes right back. >>> liberty media hosting its annual investor meeting in new york city. david faber is there and joins us with yet another special guest. david? >> thank you, carl, we're joined by tom rutled

united states. and the stock market of course is in record territory despite the naysayers from the mainstream media a year ago. bring in gary kaltbaum, kaltbaum capital management. and lenore hawkins, research strategist. gary, not a great market day. but another record. a year ago we were 5000 points on the dow. who gets credit for that? >> 3:00 a.m., night trump one the election, paul krugman -- david: doesn't say it. i would give it to lenore. lenore, pulling rug out from under you. here is what paul krugman said on election night. >> i did not know. david: it really does now look like president donald j. trump, markets are plunging. question when markets will recover, a first pass answer, never. we're probably looking at a global recession with no end in sight. lenore, i will throw it to you. what do you think of krugman's prediction? >> i think that prediction is about as accurate as much of krugman's predictions. his nobel prize, i find it rather fascinating. amazing to see these markets moving up and up and up. we are at a point getting concerning. you look at market top, never obvious at the time. one thing market t

united states be open to the best, brightest, high skilled workers to come here to work alongside my son and your son and others to create a brighter future for america. >> host: from ashland, ohio, independent line, gary >> caller: thank you. i have one question. mainly how much are the benefit] [inaudible] >> host: thank you, color. what is the impact on the physical state, texas, here in the united states and the national academy of science had d a very competence of study tht they published last year and he found low skilled immigrants do consume more in government benefits than they pay in taxes and that is no big surprise. but ifve you look at hire skilld immigrants so let's take a 25 -year-old immigrant who comes here at college degree and over their lifetime they will pay more to the government at all levels and taxes and they will pay $500,000 for, half million dollars more in taxes and they have an advanced degree of $1 million. if you let in another 300,000 high skilled immigrants as i deposef my paper that is like paying off $150 billion of the federal debt when they come in. and you let in. thousand last year and paying off another $150 billion so high skilled immigrants are gravy to the g

gary cohn, secretary mnuchin. today's lunch is excellent. we're talking about what we can do a few things to get the bill better to pass it in the united states senate. i worked with the committee. i met with leader mcconnell, john cornyn, the senate finance committee. my issue insuring that main street businesses are treated fairly in this tax bill. you look where the primary economic growth occurs in this country. 55% of the private sector jobs come from main street businesses versus large corporations. so this is about insuring that our pass-throughs, these main street businesses get treated more fairly in this tax bill. we're very, very close. melissa: you say you're getting close but earlier today you said you spoke with senator cornyn. i heard him in an interview saying what you were looking for was a tax cut on that last top 2% on the business pass-through. that they were willing to to lower taxes for everyone else but the top 2% of small businesses they didn't want to meet you on that turf because those people were just making too much money. did you have a separate conversation with senator cornyn that was more constructive than that

united states, at a significantly lower tax rate. possibly trillions of dollars. the thinking is that would create jobs. that is not the answer the white house chief economic adviser garymber of ceos this week when asked how would they use the tax savings. watch this. >> if the tax reform bill goes through, do you plan to increase investment of your company's investment, capital investment, show of hand, if the tax reform goes through? okay. >> why aren't the other hands up? >> that's a big optics problem for the white house. so the ceo of a big billion dollar technology company sales force says that is why there have to be restrictions on how this money can be used if it's brought back from overseas. here's what marc benioff told me. >> i do think the repatriation it would be a healthy thing for our economy, first of all it's a very healthy thing for the government because the government should be able to ring the register as that money is coming back. i would love to see the government be able to take 15, 20% right off the top, which is great for taxes and yet, great for the government in terms of the treasury, but number two, i think it's great for these companies b

united states. it's not going to help flint or springfield, not going to help youngstown or pittsburgh or gary. i'm talking about gary, indiana, will get hammered from this thing. and we have tried this before and many of you were here. president bush did this. said we are going to cut taxes for the wealthy and lead to growth and wages are going to go up. we had the most stagnant decade of growth since the great depression and ended in a complete economic collapse. this economic philosophy stinks. it doesn't work and hammers working class people and to put a little salt in the wound, madam speaker, you keep the deduction that allows the corporation to outsource jobs from our communities to other countries. the only place this bill is going to create a job -- the only place this bill is going to create a job is in beijing, china. i yield back. . the speaker pro tempore: the gentleman from illinois is recognized mr. roskam: according to the joint committee on taxation, 70% of individual tax relief goes to families earning under $200,000 according to their publication on november 13. i yield one m

sort of -- and to get the left in the united states to open up to this and make sure that we institute laws that do everything to protect these families. ainsley: gary struck me, i'm sorry, go ahead. >> go ahead. i'm sorry. ainsley: the diversity visa program the reason this was established to offer countries with low rates of immigration into the united states. does that seem like good enough reason to allow 50,000 random foreigners into our country? >> we are the most diverse country in the world. what do we need a diversity program on visas. the most diverse county in the world is queens county in new york. we don't need additional programs to gain diversity. we are the most diverse people there are. brian: gary, do you know what's most has changed? when we first started interviewing you being on the ground as one of the first units to go after bin laden. a sunni extremist who has a design to destroy the west. now, these same people are here, only instead of having cia trained agents, paramilitary out there, we are asking police officers to do the shooting and the killing. is that fair? >> well, it's not an issue of whether it's fair or not. the

united states. he is making a statement on tax reform. this what he hung his hat on for the whole campaign, promise of lower taxes. so this plan enough for him or is this negotiating starting point? gary, state and local income taxes if you're stuck in new york, you're one of the bigger earners paying 39.6%, you're looking at state taxes roughly 9%. city tax in new york city of at least 4%. you maybe can't deduct as much from your home anymore, because the mortgage deduction if gop and house had its way would be reduced. so will have negative effect on some pockets of the economy. >> i think they're going -- trish: hang on, larry, gary n remind everyone we're going to the president as soon as we got it. >> okay. >> i think they will build a lot more homes in florida if that is the way they will be. it is onerous if you think about it, some people have to work until month of july and august to make the first dime. they're funding government first half of the year with their earn ings that is a sin. that is obscene. something should be done about it. i get what trump is trying to force the states on tear state taxes which is ridiculous. that will be a big fight on hand that will be big

this happens in the united states, something we think only happened in places like europe, what have you? let's get the read on this from former chicago superintendent of police, gary mccarthy. gary, how do you play this? a lot of people say, i don't know if i want to go into crowded area, particularly new york. what do you do? >> well, first of all we have to live our lives. the first way to stop it, first recognize what the problem is and we in this country don't want to recognize the fact we're at war. you know, years ago i went to israel and i got to tell you there things are completely different. as a matter of fact, it was five years i went and right before i got there, the week before, is when terrorists started running people over at bus stops. the week that i got there, there were already bollards at those bus stops. the way to prevent this through intel and intelligence sharing. it is being reported, i'm not positive what the facts are yet, obviously they will still come out for quite some time. the mosque this man attended was sus spermia couple years ago. the nypd was being attacked with program they were using with the program they were using to preven

united states. >> the way the world works, i don't think anybody is going to argue with that, bill. we're going have the rest of the garyinterview in our speak easy on thursday. >> all right look forward to that very much, john john harwood, thank you. >>> we'll come back with the dow trying to turn positive. we have the "closing countdown" after this will they stay true to their words? or did they promise you one thing... only to do another? right now, congress is talking about tax cuts that will add trillions to our national debt and hurt our economy. it's time to tell congress... don't borrow more money from china. and leave more debt to our kids. keep your word. tax cuts shouldn't add to the national debt. ray's always been different. last year, he said he was going to dig a hole to china. at&t is working with farmers to improve irrigation techniques. remote moisture sensors use a reliable network to tell them when and where to water. so that farmers like ray can compete in big ways. china. oh ... he got there. that's the power of and. ( ♪ ) whoo! ( ♪ ) woman: class, let's turn to page 136, recessive traits skip gen

gary augustine, executive director disabled american veterans. dana atkins, president, military officers association of america. jeff ladue, president, air force sergeant's association. dean coppola, board chair, united statesof american veterans usa. not with us today is paul warner, national commander from the jewish war veterans, as they do not attend a cemetery on the chabot. they'll celebrate veterans day at the vietnam wall and world war ii memorial. the associate members of the committee are located in the boxes to my left. i'd like to ask the presidents and the national commanders that comprise our associate membership to stand and be recognized. ladies and gentlemen, please join me in recognizing our national leadership with your applause. [applaus [applause] >> it is now my pleasure to introduce our veterans service organization host for 2017. the korean war veterans association of the usa. the korean war veterans association of the united states of america or kwva is honored to serve as the host organization for the 2017 veterans day national commemoration at arlington national cemetery. kwva is incorporated as a nonprofit corporation that meets the requirements for a veterans service organizatio

i would rather the united states worken to come here to alongside my son and your son and others to create a brighter future for america. host: garyyou are next. caller: i have one question. how much with all of the cost to, what is the the american citizen? how much do they cost the american citizen every year? i don't expect me -- you to give me a dollar figure. the heritage foundation. guest: that is a good question. what is the impact on the fiscal state. taxes, benefits. the national academy of sciences had a study they published last year that found low skilled immigrants consume more in government benefits than they pay in taxes. that is no picks a prize. if you look at higher skilled immigrants, a 25 euros immigrant who comes here with a college degree. they will pay more at all levels in taxes. a $500,000 more in taxes than they consume and services. you lead in another 300,000 high skilled immigrants as i propose that is like paying off $150 billion of federal debt when they come in. paying off another hundred $50, , they are great. host: immigrant with less than a education. guest: yes. low skilled may be an emphasis on

united states allowed china entry into the wto on terms that were to generous. we wanted to integrate china and we did not hold them to hire enough standards. tom: garycontinue. much to talk about today, and your morning briefing in your car. bloomberg radio, sirius xm channel 119. new york, boston, san francisco, and washington. this is bloomberg. ♪ taylor: this is bloomberg "surveillance," i am taylor riggs. just breaking in the last year minutes, deutsche bank has attracted a new top investor whose identity will be probably revealed within days. is investors stake reportedly held through morgan stanley which reported holding 6.86% yesterday and the lender. germand of unicredit's candidate is the leading candidate to be the next ceo at deutsche. theodore weimer would replace carson can get her as the german -- at the german exchange. he is stepping down after becoming embroiled in an insider trading investigation. hisen buffett added to stake in apple and reduced his ibm holdings. berkshire hathaway bought another 4 million shares in apple and the stake is valued at $21 billion. they kept trimming their shake in -- stake in ibm. that is your bloomb

united states hear you say that is working but illegal immigration is the problem. >> every day i see truckloads of stuff going south. most of the time, they are going through the gate. that is garytexas. our question for viewers is whether you think immigration makes the country stronger or weaker. pew research poll on american views when it comes to immigrants over the past 20 .ears respondents were asked to consider whether their view on immigration was adding strength to the country or burdening them. in 2016, 63% of respondents said it strengthened the country and 27% said it earned and the country. you can see the changes in the chart from the pew research foundation. peterson, kentucky, line for independents. good morning. i am a a black man, 55 years old. kentucky,inner-city, 90% white predominately. i listened to the senator the other day making references to the confederate monuments. he made references about history. between donald trump and mr. kelly, these people have exemplified a level of ignorance and hatred towards black people that is indicative of the white house. mr. trump with his comments about the congresswoman, calling whowacky and general kelly, lied abou

gary cohn was speaking before me. and he asked, all right, we get this tax cut through, how many of you all are going to increase your capital investment in the united states i don't know, 65, 70, ceos in the room. we'll show you the video. i think three raised their hands. so the underlying presumption here that this tax cut with borrowed money is going to mysteriously, you know, drive up corporate growth rates in ways that are unprecedented -- i think there's no historical precedence there. in this nation, or for that matter, anywhere in the world. let me also ask you, mr. barthold. we're at $20 trillion in debt right now. while the debt rolls over on a -- not a regular basis, the number i've heard used is 100 basis point increase in interest rates. would add on annual debt service before we take on this additional debt that we're going to take on, $160 billion a year in additional spending. because we've got such a large aggregate debt. aren't we so vulnerable to increases in interest rates. and if you could be fairly brief on this, i want to get to a major last point. >> of course, that would be a consequence, sir. >> thank you. mr. chairman, earlier t