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and thanks to austan goldie. -- austan goolsbee.great have interviews from the conference later today and tomorrow. this afternoon, tiburon pickens. tomorrow, jim chanos and michael lewis. ♪ alix: this is your global business report. scarlet: left anza is lowering lowering itsnsa is -- sites, scaling back expansion plans. we start with disney, whose latest earnings are stoking the latest media fears. profit from the abc broadcast operation declined. this marks the first time disney has missed analyst estimates in five years. alix: mitsubishi mortars is blaming -- it's a be she motors overstating -- nine more models may not have been properly tested. move cons is scaling back its own expansion plans. is scalinglufthansa back its own expansion plans. travelers are delaying the things because of the fear of terror attacks. the european central bank could discuss restoring greek banks' lending lines as early as june. a new waiver on the junk rated debt will probably be proposed by the ecb board wants the staff level agreement between th

joining me with more on their thoughts on economy, austan goolsbee, former chairman of economic advisors and steve moore, economist at heritage foundation. good to see you. austan we keep hearing from the president how great the economy is, 74 months of job growth, so why don't people feel a little better? why are they still saying the economy is the number one issue in this election? >> well, you know, i would, i disagree a little with the premise. i think the president has trump pell the things that are good but every time seen him speak he also says here are the areas where we still need to work. i think the feeling that ordinary americans have about the economy and not feeling that great about it despite low gas price, despite some substantial improvements on the jobs side, a, are lingering hangover from big financial crises. you've seen that in every single country around the world that face ad financial crisis and to, i think about wages. that wages have been stagnant for some time and now they're starting to tick back up -- trish: barely. >> you have gone through long period witho

here with reaction former obama economic advisor austan goolsbee. why are you smiling?ng for trump? that's what it is. >> you know i'm not voting for trump. i'm just smiling. >> i have got to give you credit. >> dinner get from a bet. we are betting. >> i think the country has moved a little more to the left than i like. put up with your best buddy who has ruined the economy. ruined our stature in the world. and i hope the country doesn't want more of that one in four families don't have one member in the labor force that came out last week, austan. how do you explain that? bush's fault? >> a lot of people are retiring. >> that's what it. >> i don't know if you or donald trump is thelma or the other one louise. you are driving off the cliff. >> more until food stamps. i will give you credit. did you point out that ted cruz was going to be formid being. >> i did. that's right. >> and he did extraordinarily well. i think he should be extremely proud. i think he, in the end, probably made trump a stronger candidate in a strange way. i know cruz people hate the trump people

. >> let's talk about this now with austan goolsbee, a hillary clinton supporter and economic adviser to the candidate and barry bennett. he's the senior adviser for the trump campaign and also the former campaign manager for dr. ben carson. i do want to talk about what elizabeth warren said in a moment, but, barry, this comment, this response from donald trump where he references pocahont pocahontas. it's very offensive to native americans. do you -- can you defend him saying that? >> well, i mean, it's -- it was elizabeth warren who pretended to be a native american, not donald trump. that's what i he was pointing to. >> but he's clearly using the word pocahontas in a pejorative way. >> it's a man who follows elizabeth warren's lead. she flipped five houses bought at foreclosure from people who couldn't afford to pay and profited from it and she did it and now she wants to blame donald trump for talking about it, she did it, put money in her own pocket from people's misfortune. >> austan, what do you say about that? >> look, that's totally outrageous. >> it's true. >> i'm personal f

austan goolsbee is with us.'re smiling, you're a big hillary supporter, i know that, officially. are you having second thoughts? 'cause you've got to admit she's in deep trouble here? >> look, i'm not having trouble. this is the same people, such as the congressman that you just had on, that are saying that the violations of the federal records act are a terrible violation, even though this very report identifies previous secretaries of state as doing similar things. they're the same people that said benghazi was terrible, they're the same people that said she murdered vince foster and as long as this remains in a partisan framing. stuart: but it doesn't. it's not. austan, you must have seen the new york times and "the washington post" this morning. the post, they're saying that her actions were inexcusable. very strong language. you can't just sluff this off. >> everything that we are discussing today has been long-known. there's nothing new in this report. this was a report by the inspector general. stuart: i

what i want to see is austan goolsbee.ormer advisor to president obama and there's the graphic, recovery roadblock. welcome to the program, good to see you again. >> great to see you. stuart: here is what worries me, we can't do much to arrest this slowdown in the economy in the short-term. we may want to invest in educational infrastructure, it's not going to happen short-term. and there's not much the fed can do, that's what worries me. mou -- how do we arrest in the immediate future this downturn into the economy. >> that worries me, too. it's not a-- it's mediocre, but we're growing in the 2% range it's a bit of a no man's land and we can't rely on any other country to give us a boost because they're doing worse and add on top of it, the market's got a lot of fear and uncertainty coming from the donald trump nomination, we're going to get a lot of political uncertainty going into november. i was a little worried about this whole thing as well. stuart: do you think the market might be worried about a bernie sanders nomi