declined and the first few years so your cognitive ability declines in the first few years as a business administration student somebody like donald trump he studied business at university of pennsylvania so. these are the people that are running our economy by the way you go to business school and apparently you actually become dumber when you go there well there's a reason for that because wall street hiring people with no empathy if you're already well rounded liberal education you would by definition improve your empathy toward other peoples other cultures ideas you'd be able to think cognitively if you will use a term about a multiplicity of ideas but a wall street wants people are without empathy they want people that are on the spectrum the autism spectrum and suffering severe autism because they want them to look coldly at the numbers and to harvest gains like you would harvest organs on a kidney you know from whole most people and that's what they want so makes sense that cognitive abilities are on the wane because of the commons becoming financial ised and that's being paid in this economy th

such as business administration student's cognitive abilities actually declined and the first few years so your cognitive ability declines in the first few years as a business administration student somebody like donald trump he studied business at university of pennsylvania so. these are the people that are running our economy by the way you go to business school and apparently you actually become dumber when you go there well there's a reason for that because wall street hiring people with no empathy if you're already well rounded liberal education you would by definition improve your empathy toward other peoples other cultures ideas you'd be able to think cognitively if you will use a term about a multiplicity of ideas but a wall street wants people are without empathy they want people that are on the spectrum the autism spectrum and suffering severe autism because they want them to look coldly at the numbers and to harvest gains like you would harvest organs on a kidney you know from the whole most people and that's what they want so makes sense that cognitive abilities are on the w

commission was with fdr in the white house one of these businessmen who understood hierarchal business administration structure said with my thoughts? that is a question you would expect from a business person. and roosevelt on and set i said i guess i am. in other words if we didn't have to take responsibility he wouldn't but if he was asked that yes he was the boss. someone at the very first things the commission did was to hire robert horton in june of 402b the pr director and that was a real moment of a clash between a clash between the old view of government that if you are a business ceo you don't fight or respond to questions or hold press conferences or go out on speaking to worms you go above the fray and he successfully convince them that the national defense advisory commission would face in understanding public of what was needed to mount that national production effort so he started a program in the summer of 40 roosevelt is 40 roosevelt is just about to admit he might accept a draft for a third term but he believes there is a vigorous public a vigorous public relations program so they c

administration. and -- we're not finished. we're not finished. [applause] but i had many businesssay that is more important even than the tax cuts. i don't want to knock our tax cuts because people love our tax cuts but the cutting regulations in many ways might be just as important or more important. so i want to thank and congratulate the incredible people that are working hard. we're working against a tide of blue and the tide of blue, you know, they want to have open borders, they don't mind crime, they don't take care of our military, they don't take care of our vets. we're taking great care of our vets. but what we're doing for our vets -- [applause] choice, accountability. how about after 48 years we got choice approved? so veterans can go, if they have a long wait, they say bye-bye, i'm going to see the doctor next door, we pay for the bill. and actually we're going to save a lot of money but they will be taken care of. we have vets used to wait on line for seven days, 20 days, 30 days. i heard up to 38 days. they go in they're not feeling good and they -- but simple to ge

small business administrator linda mcmahon is there with the president. she will give us details on this new initiative. that is next. >> small businesses will no longer be at a competitive disadvantage, and small business workers will now be treated more fairly and have many more choices. they didn't have a choice. ♪ because he hid his customers' gold in a different box. and the bandits, well, they got rocks. we protected your money then and we're dedicated to helping protect it today. like alerting you to certain card activity we find suspicious. if it's not your purchase, we'll help you resolve it. it's a new day at wells fargo. but it's a lot like our first day. iyou may be at increased riskf for pneumococcal pneumonia -a potentially serious bacterial lung disease that can disrupt your routine for weeks. in severe cases, pneumococcal pneumonia can put you in the hospital. it can hit quickly, without warning, making you miss out on what matters most. a single dose of the prevnar 13® vaccine can help protect you from pneumococcal pneumonia. prevnar 13® i

sector and in government, having served as deputy administration -- administrator of the small business administration under president bush. as i mentioned earlier, her office has been tasked with leading the reform of federal financial literacy programs, and i look forward to discussing her findings so far. i would also like to congratulate her on her recent nomination to either member of the women suffering -- suffrage centennial commission could i am say thatways proud to luisa swain did so in laramie, wyoming. effort that gave women the right to vote. to own property, and hold office. >> she didn't vote for you, did she? [laughter] not.enzi: unfortunately she was actually in maryland. she was in miami, and register to vote. also, i would mention that if any of you get a new dollar bill, or a new bill of any denomination, you will probably find her signature on the bottom .eft-hand side you might also be able to get her to sign a dollar for you. [laughter] next, i want to of ame official jane come financial wellness officer in credentials workforce solutions group. as both an employer and a financi

illustrations appear in many leading german newspapers and magazines he originally started working in business administration. but then he felt an urge to do something creative and began drawing he expresses his interest in politics through pictures and he's not afraid to take a stand. and i want to convince people through ideas i find it really exciting just to throw readers a few pieces of the puzzle. for you he. tried to leave out anything superfluous maybe use just two or three colors and leave out some texture. illustration capture the complexity of the trade routes between the united states and the e.u. . finds the perfect image. a handshake with one hand wrapped in barbed wire and contest. you could push the whole thing to extremes by showing the american flag here. and i still haven't decided how it will end up. this is the final image. deals with everything from german international politics to social issues he has to react quickly news stories often stay on line for just a few hours and wind up in the trash. limit gable's pictures don't lose their relevance on the country. they chronicle contempora

business live from bbc news. department store chain house of fraser is to appoint administrators, after giving up the fight to save that talks with investors and creditors had "not concluded in a solvent solution". joining us now from the salford newsroom is sean farrington. good morning. sadly inevitable. essentially the problems are the same from any high street chains right now? absolutely. it wasn't a foregone conclusion that house of fraser would go into administration. they have been talking a lot in recent weeks to investors about trying to get somebody to come in and buy the business. they say today even as part of this administration process , even as part of this administration process, they say they hope investors will make —— administrators will make a sale at the end. for the 17,500 staff across the end. for the 17,500 staff across the country in 59 stores that will not be that reassuring. we have already heard there will be 31 store closures. that would affect 6000 jobs. it now could be many more. they have said previously they wa nted they have said previously they wanted to close a number of stores

. >> what about the hatat of the small business administration? >> my point is they were nevert. going to go for the wrestling lady..butb i am fine with her but on othert was perfect for connecticut he overturned dead democrat in the upstate district he was perfectd perfect perfect in day voted for him even in greenwich. he could he could have one he had everything except for moneyd campaign said forget him. and then she had another bank account? it is? it is outrageous how many seats republicans have lost because of this shyster campaign consultants i would love i would love to know the name of the consultants who persuaded foster to run and west virginia? he is a wonderful man but they would not vote for a man in wesd virginia in palm beach but theyc werek. not going to do but i tel them you can win just write thew check. >> from new york republicanell. go-ahead. >> i i want to say rocks. leaves t >> i hope i hope she never leaves her job. [laughter] i wanted to do it without payo o help wanted me toit do it and i said i can do it one month not officially but just to show how i

it's incredible the size of it, but it's called small business administrator libda mcman for helping to lead this important effort and linda has been a real star thank you, linda, incredible job. we're also grateful to be joined by several fantastic members of congress they helped me and them and you and everybody with the largest tax cuts this country has ever seen and the cutting of regulation you know, as small business owners, the cutting of regulation, i have friends that say we've cut more regulation in less than two years than any administration no longer how long it was has cut during their entire administration. and we're not finished we're not finished but i've had many business people say that's important even than the tax cuts. i don't want to knock our tax cuts because people love our tax cuts, but the cutting of regulations in many ways must be be important or even more important. i want to thank our incredible people they're working hard, and we're working against a tide of blue and the tide of blue, you know, they want to have open borders, they don't mind crime, they

he was joined on stage by labor secretary alex acosta and small business administrator linda mcmahon.ory barriers, small businesses will be able to pool resources and negotiate affordable workplace retirement saving plans, similar to those 401(k) plans offered by large corporations. >> today's historic action will provide new retirement security to countless american workers and their families. we believe all americans should be able to retire with the confidence, dignity and economic security that you want. >> from here, the president traveled to the caramel country club to help raise money for two republicans that face tough battles. ted bud, a first term congressman from north carolina's 13th district and mark harris, a baptist pastor that won the republican primary in may. adding to the uncertainty, neil, is a decision earlier this week by a panel of three federal judges that determined that the current congressional district boundaries in north carolina are unconstitutional. that they unfairly favor republicans. right now the court is considering some additional briefs filed by b

i study chemical engineering and business administration at t.u. family: you know!ity, where i am mr. tuskegee, secon

and in government having served as deputy administration, deputy administrator of the small business administration. under president bush. as i mentioned earlier, our office has been cast a as a refm of federal financial literacy programs, and i look for to discussing her findings so far. i would also like to congratulate trento on a recent nomination to be member of the women's suffrage santino commission. always proud remind folks that luis assuaged, the fulfillment and the united states to cast a general election ballot did so in laramie, wyoming,, part of the effort that gave women the right to vote, on property and hold office. [inaudible] [laughing] unfortunately not, but she was actually from maryland. [laughing] >> she was in wyoming and register to vote, so, also i would mention it in if you get a new dollar bill or a new bill of any denomination, you'll probably find her signature on the bottom left-hand side. and you might also be able to get her to sign a dollar for you. next i want to welcome vishal jain who is the financial wellness officer in prudential's workforce solutions group as

the small business administration approved disaster loans. the national flood insurance program expedited claims. gradually ports reopened, schools and roads started to as well. and governor abbott immediately formed a commission to rebuild texas and wisely appointed a great texan, john sharp, to chair. following the emergency response, our job here in washington was just beginning. in the weeks and months following landfall congress past three separate aid bills totaling $147 billion. of course this wasn't just for hurricane harvey. it was for the wildfires out west and the hurricanes in puerto rico and florida as well as texas. we also passed a new law allowing texans to receive tax deductions for hurricane-related expenses and successfully encouraged fema to reverse a policy that prevented houses of worship from accessing disaster relief funds. afterwards we codified this change into law. meanwhile the department of housing and urban development announced plans to use $5 billion of the disaster funds to help homeowners rebuild through the

hector barreto, former small business administrator. thank you for coming on. reason we have you on talking about the president's rally tonight, amid all the news breaking from courtrooms around the northeast, this brings up an emphasis that the president put on small business, especially rolling back, when it comes to coal tonight, but generally speaking rolling back regulations. someone who looked at this a lot, what helped more with the president's policies, lower taxes or fewer regulations? >> i think it's a combination of above. the regulatory roll back is one of the untold stories in the economy. when you take the barriers especially off small business, they have more money to invest in companies. they're more optimistic about the future. deregulation is really important. we need to have some regulation. but it shouldn't be onerous the way small businesses felt for the last eight years before this president. connell: now with this particular industry. he will focus on it in west virginia this evening, the coal industry, you could ask a couple different qu

thank my colleague, secretary ross, secretary perry, administrator green, ambassador garash, ray washburn at opec, a good friend of mine from my business days. your president helped solidify our economic approach to the indo-pacific has a truly whole of government mission. i wanted to come here this morning to talk about the trump administration's strategy for advancing a free and open indo-pacific and why u.s. business engagement is at the center of it. it's a staple of our mission to promote peace, stability and prosperity. president trump first outlined this in vietnam just last year. the national security strategy also detailed that vision. make no mistake, the indo-pacific, which stretches from the united states west coast to the west coast of india, is a subject of great importance to american foreign policy. as i will detail in a bit, this region is one of the greatest engines of the future global economy, and it already is today. the american people and the whole world have a stake in the indo-pacific's peace and prosperity. it's why the indo-pacific must be free and open. and for those of you who might not be familiar with our

business. when administration happens, suppliers often end up taking the hit. neither company has commented.n said 627 workers got redundancy notices on friday. meanwhile, the luxury retailer selling handbags, mulberry, its share price collapsed by 30% today after telling the stock market collapse of house of fraser would cost it up to £3 million. we are starting to see the ripple effects from this huge retail collapse. thank you. the woman who survived in the adriatic sea for 10 hours overnight after falling from a cruise ship 60 miles off the croatian coast has left hospital. kay longstaff was pulled from the sea yesterday morning after apparently falling from the cruise liner on saturday night. she said she was very lucky to be alive. guy de launay sent this report. kay longstaff returning safely to dry land on a different sort of ship. the croatian coastguard rescued her from the adriatic after she spent a whole night treading water. i fell off the back of the norwegian star, and i was in the water for ten hours, so these wonderful guys rescued me. this is the moment she was pulled from

are examples of some things the business community would like to see addressed in nafta. the administration has pursued a number of proposals that do not popularity in the business community. i will mention a couple of them. if you walk the halls of congress, members of that we want our trade agreements to be strong and enforceable. how do you you enforce a trade agreement? in nafta, chapter 20 create a form of a dispute settlement system, panels are created to adjudicate a trade dispute if we think canada or mexico is not complying with the terms of the agreement or the other way around. in the event the panel rules against one party, the others can suspend benefits. they could raise tariffs and response, as a legal retaliation. administration has proposed to do away with that and make the rulings of these dispute bodies purely advisory. in our view and that of the congress, that would take nafta and turn it into an advisory document. it is no longer binding and enforceable. you have probably heard about the sunset clause. businesses make investments over years and years on the assurance t

administration — by sports direct. its owner, mike ashley, says he wants to turn the chain into the harrods of the high street. sports direct is paying £90 million for the business years old. house of fraser has 59 stores across the country — administrators had earmarked 31 for closure, but mike ashley said in a statement he'll be doing his best to keep as many open as possible. so, this evening, the 17,500 strong staff wait to find out exactly what he plans to do with his acquisition. our first report is from our business correspondent emma simpson. glasgow, where house of fraser began. it's early doors and staff are fearing the worst. began. it's early doors and staff are fearing the worstlj began. it's early doors and staff are fearing the worst. i don't think i have an understanding of it here. it's not really been explained to us at all. i think we're all trying to keep each other up, stay motivated and hope for a good outcome. today, shoppers had to wait. in hull, many worried about losing one of their favourite stores. edwin davis, british owned stores are now this one, where we going to shop? at our age? but, by the time the doors opened across the count

. >> host: i wonder how you feel but linda mcmahan has head of the small business administration. >> guest: probably fine at that. i'm-- we are not minnesota. they were never going to go for the wrestling lady and they weren't. answer the picked her i was fine. but rob simmons was perfect for connecticut. he hadden -- overturned a democrat in an upstate district. i won't go into him but he was perfect, perfect, perfect. that would asset voted for. he could have won. he had everything except money. and the campaign consultants say, friending him and why they -- forget him. they found out she had another bank account? it's outrageous how many seats looks have lost because the listen to shyster campaign consultants. they get john racy in west. a wonderful, wonderful man. they were not going to vote for man in west virginia who lives in palm beach. they weren't going to do it but the campaign consult stands you can win, just write it another check. >> host: five minutes lefts. mike, highland, new york, republican. go ahead. >> caller: himself how are you doing? >> host: doing well. you'r

and turning now to the policy scene, let me start by offering the business community's view before i turn to that of the administration. so trade is an opportunity and a challenge for the american business community. the nature of the opportunity you'll see on web sites like this one which is the u.s. chamber web site called trade works for us. trade works for us.com. you can go in there and find all kinds of facts generally available from u.s. government data about what are the benefits of trade to the united states. the jobs supported about 40 million american jobs, the number of small businesses that export how many jobs fend on exports in -- depend on exports in the manufacturing sector. and you can go and look at this by state as well. these are the data for washington state, one of the most trade-dependent states in the country. i just visited there, so i chose them. so, clearly, trade is an opportunity for growth for american companies, but it's also a challenge. and just to put it in a very simple term here, you'll often hear from american companies that importing into the united states is generally pretty eas

small business administration and nine years working in the u.s. house of representatives on the house committee on small business and house armed services committee. the doctor is the director of the office of personal management, a position he's held since march. he's had over 25 years of experience in leading organizations in transforming talent management in the private and public sectors. the doctor previously served as the society for human resource management chief human resource and strategy officer. i thank both of you for not only stepping up and taking these responsibilities, going through the nomination process is not fun. to go through that process but also to be able to step in and take the challenge of the reorganization which ask a significant event -- which is a significant event. status quo is much easier than doing the reorganization that needs to be done. i thank you for stepping into it. it is the custom of the subcommittee to swear in all witnesses that appear before us. please stand. raise your right hand. you swear the testi

n my first four months as chief-of-staff of the small business administration, we asolved a year old backlog of hundred thousand hurricane katrina disaster assistance requests. in dot i was a designated federal government official sending out $48 15,000 , completing over transportation projects. under my watch the maritime usedistration quantify the of u.s. league necessary to mploy enough american mariners to meet our military requirements. i hope my record in these ositions and elsewhere assures the committee and the senate that i have the skills necessary this office. since january, i have been managing the office of aviation international affairs. also have prior experience in most of the missions of this office, including negotiating governments during my time as uscpa, serving as the transportation counselor at the embassy in iraq, and in multiple roles at the department include ortation to talks in the agency's ascension nto the u.s. china, strategic economic dialogue. in two prior stints with the dot -- managed the staffing and budget including the essential the air service d

business confidence. much as the previous administrations regulatory policy had. if business confidence were to be affected negatively by the trade actions then it would eventually feed through to lower business investment and it would take some of the strength out of the economy. we have not seen that. and now, of course, we are steering -- with the trade union. an agreement with mexico. we wait for canada to be included in that. and then we can have a judgment. but we are threatening to have peace breakout and if so, the threat of a trade war to our economy going forward, would greatly diminished. we still have certain areas -- steel and aluminum, the contest one,china -- but, one by the president is making progress on negotiating with these trading partners. , theing the pressures likelihood of a trade war. which right now is the main threat we have towards our economy today. otherwise, continue to acceleration and growth is the consensus forecast. it is really just a question of, accelerationthis of the abnormally strong growth persist? we don't know but the re

businesses. what are your thoughts on the administrations comments on this issue? senat >> thank you for the questionue. and this has been a major issue almost from the moment that a joint this office in january. ti as you point out the administration statement come out may 5.ame this is after the chinese had made the demands of all their dn international entered onds apr l april 27. the challenge that we had in the administration, not just us but the partners would work with in the state department as well asr within the white house such as the national security council is we opposed the action china took trying to force for political reasons private businesses in oe this case aviation businesses,ae airlines from complying with the political world as they want to see it. but from the cellist from our perspective is we don't want tot put an same trap in order u.s. businesses have should respond.d so instead we worked with those businesses, those airlines. we encourage them to work together so they could not get picked off one by one by the chinese government and th

we were part of an administration busy rebuilding the military, restoring the arsenal of democracy.s the proud father of a marine i could not be more proud. i could not be more proud to serve alongside the president who recently signed the largest national increase in our national defense since ronald reagan. [applause] and how about this economy? this president kept his word from early on. president trump literally from the first day of this administration went to work to unleash the bound up potential of the american economy. he has signed more bills, rolling back federal regulations than any president in american history. we have unleashed american energy and we are now exporting energy as never before and president trump just before christmas signed the largest tax cut and tax reform in american history. [applause] and this economy is rolling as a result. it really is remarkable, nearly 4 million jobs created since election day, unemployment setting new records, the president and i could not be more proud, we have set new records, the lowest unemployment rate ever recorded for a

>> also, not being political the obama administration as a backlash of '08 and '09, and people felt very anti-business the reverse is true of a trump administration, pro business and so that causes sentiment to change which causes couple ofs to feel much better about being able to spend and having some certainty about the regulatory environment wouldn't move against them so that was really important remember, the trump administration has careened from crisis to crisis since the very first week, right? and yet the market continues to go up. they didn't get tax done until the end of last year, and i was surprised they got it done, but they did so i think those things are staying in place even if he's not there, and i think they're staying in place and it's been too good for the american economy, even if we had to sweep the other way and they were dismantling the corporate tax cut. >> they would have to have a huge sweep and they would have to take over the house and take over the senate and they would have to get to the magic number. all of the things that were pro growth, bullish, that happened not goi

and a lot of them were left without foreign labor and scrambling to save their business. >> what was the administration'slanation for doing so? >> the demand. in the first five business days of this year, they received 47,000 applications to get workers and that exceeded the cap. so they need to shift to find a way to give out these visas. >> would the administration make the argument we have a wage problem in this country, we need to cap the visas in order to get these businesses to pay more and attract american workers. could they possibly make that argument? >> no, because the businesses pay more then minimum wage and some local and sometimes higher than the federal minimum wage. i've spoken to business owners who say they've gone to job fairs there, advertising wages that are sometimes double the local minimum wage but american workers just aren't attracted to these jobs in a good economy with low unemployment. >> the president promised to support small business owners. >> that's right. >> so from those who you have spoken to, how do they feel? because business sentiment, small business and large bus

remember, donald trump still owns his business but the administration of it is left to this trust which is run by eric, don, and allen weisselberg. so allen weisselberg to me is not somebody who typically does things on his own, somebody tells him to do it, we dent know who gave that order. as you saw in the charging documents, the only executives mentioned are allen weisselberg and somebody who works for allen weisselberg so if there's some conversation between allen and don sr., don jr. or eric, it's not captured in that information. >> let me ask you to be clear, there's the trump organization, the trump foundation, a charity being looked at now by the attorney general of new york but this is a trust. weisselberg said please pay this from the trust. is this the company donald trump got up, is that the company that donald trump announced he was handing over to his sons? >> that's right. the trump trust is an umbrella group that includes the trump organization. so when donald trump entered office, he kept ownership of his company, he kept the right to withdraw money from it at any time

business confidence. much as the previous administration's regulatory policy had. if business confidence were to be affected negatively by the trade actions then it would eventually feed through to lower business investment, and it would then take the strength out of the economy. we have not seen that. and now, of course, we are with the euente we have the president announcing an agreement with mexico. we are waiting for canada to be included to make a judgment about the progress that is being made in the three country trade negotiations, but it is important to point out we are breakening to have peace out in that area of trade negotiations. if so, the threat of a trade war to our economy going forward would greatly diminished. we still have certain areas and products, steel and aluminum for example, we have the contest with china and negotiations there, but one by one, hopefully continuing, the president is making progress on negotiating with these trading partners. reducing the pressures, the likelihood of a trade war. as far as i can see right now, that is the ma

president trump has warned america's trading partners against doing business with iran hours after his administration post businessd anyone doing with iran will not be doing business with the united states. i am asking for world peace, nothing less. spokenopean union has out against the sanctions and said it will protect companies doing legitimate business w h i spoke with the john hobson -- don hopkins school of international studies. if the iran nuclear deal is dead -- is the iran nuclear deal dead? >> it is close to dead, but as long as they are still ialthe it is technically alive. but isn't it is getting more and more difficult for everyone to stay. talkshance of direct niteden iran and the eight? cracks i think the rhetoric reflects anger and frustration and seriousness on the part of the u.s. and also necessary. they had a lot of chest thumpine before they sh up. talk,, we are ready to thank you for offering. but i think they are seriously considering it. is an example of north korea that did not turn out too badly. >> is there a chance that the iranco new year dead be kept afloat by the chine

this is the only game in town when you have deregulation and a business-friendly administration, cheryl. this is what you have. yes, the trading we are in august it is a little thin. but what trading there is, there is a lot more buying than selling. cheryl: there we go. we like to see the buying. stay with me to give more color on the markets what traders are telling you down there. bring in folks with skin in the game. sean o'hara is with me and money map keith fitz-gerald on the stocks near the longest bull market in history. great to have you here. keith, i do want to start with you, this bull market, what is interesting about this bull market we didn't have during the dot-com boom is that you have actually lower returns for investors yet it's a longer bull market than we've had in the after the making history. what do you say to that? >> i think that is absolutely spot on and there's two things that stand out. number one we have real companies and real earnings which we did not have during the we have confident money and confident growth. we have low interest rates and relative str

we have got up in a special guest, small business add spin administrator, linda mcmahon and he is going to tell us why, we'll be right back. and i was wondering if your brokerage offers some sort of guarantee? guarantee? where we can get our fees and commissions back if we're not happy. so can you offer me what schwab is offering? what's with all the questions? ask your broker if they're offering $4.95 online equity trades and a satisfaction guarantee. if you don't like their answer, ask again at schwab. you shouldn't be rushed into booking a hotel. with expedia's add-on advantage, booking a flight unlocks discounts on select hotels until the day you leave for your trip. add-on advantage. only when you book with expedia. add-on advantage. retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every

have twoly, you business friendly administration's.cy with the the chinese, there is a common interest. the united states does not want to see a depreciation. the currencies have been hit hard. best look at the best -- risk to reward currencies, it is emerging-market debt rather than emerging-market equities. t: what you think about the commodities? they are having a rough day and they have had a rough time. i think that is correlated with the slowdown we are seeing in china. the u.s. economy is very strong. it is noticed -- no surprise to see some of the metals come off. oil will remain strong enough for us. that will dominate the commodity index. there is a slowdown in china, engineered by the authorities. can this be contained? in our judgment, it can. >> 20 weeks of outflows now. alan: you are quite right. been her friend's for european equities. it is usually a contrarian indicator when the outflows have been so huge. when you see these huge outflows, especially with the percentage of aums that have become very large in europe, it

welcome to do business now that the trump administration and mexico have reached a preliminary deal to replace the north american free trade agreement it's time to canada trump who's called the old to trade pact a job killer already said he can't imagine a separate to deal with auto and that's would mean the end of nafta. donald trump welcome the overhaul of the twenty four year trade pact as he suggested a new name for it is canada is not included. the state. says to do they should go in after what they call it the united states mexico trade agreement it will get rid of the name nafta has a bad connotation because united states was hurt very badly by now for many years and now it's a really good deal for both countries u.s. negotiators were pushing for a sunset clause requiring renewal of the deal every five years but the mexican side succeeded in adding a clause that would give it a sixteen year lifespan with the review every six years the two countries also agreed that seventy five percent of a product must be made in the u.s. or mexico to receive tax free status trump said a trilat

chamber of commerce, typically agh leaning, business friendly think tank, says that the trump administration does not "have a coherent strategy for these w negotiatioh the chinese." low expectations going into this round of negotiations sent to kick off this week. rajini: paul blake with a lovely backdrop in new york, thanks for joining us. along with trade, immigration relicy is one of president trump's mostent targets for overhaul. today he hosted an event at the white house to honor members of the immigrations and customs emenforct service, also known as ice. he called them patriots and --oes command claimed patriots and heroes, and claimed that democrats are weak on border control. i spoke with the former acting director of ice. e nt today honoring those who work at the border. you used to head up ice. i a good thing, right? >> it is a good thing in the sense that they are honored for the work that they do and the heses he highlighted are the good examples ofncredible work that ice officers do in the country -- saving drugs of the border and saving people from human trafficking. the over

business with the united states. we have a ton of power here. are we going to be able to use it this time? >> i think we are. i think that is exactly what the trump administrations doing. i applaud them for it. you want to do business with a blood-thirsty nation, kidnapping people, funding all kinds of terrorism all over the world? that is your choice but you will not be able to do business with us. the money you make off iran is blood money. you will not be able to do business with us. that is exactly the message. trish: the europeans don't like this. they wanted the deal. they didn't want us to back out of it they didn't want us to be facing what is happening now, saying it is us or them? >> that is too bad, europeans. you're the ones who created a lot of this problem by looking the other way at the incredible human rights violations going on against the people of iran inside that country by its own government and for you to pretend you care about morality, what is right and wrong, the tone of the administration, all the while you were doing business with thugs and murderers and kidnappers, i'm sorry, that just doesn't wash. so i'm glad the president is takin

business outmaneuver. maria: welcome back. we continue my conversation with t.j. rodgers, founder of cypress semi conductor. i want to ask you about the otheother policies coming out oe administrationtax cuts, rollback open regulation. what's the impact on your business and the economy overall in your view? >> okay. well, to start with tax cuts. and i won't talk about deficit until after i talk about tax cuts per se. when i was a kid president kennedy ran against nixon. candidate kennedy ran against nixon said the eisenhower administration which had a 92% marginal tax rate was harming the economy and kennedy cut taxes and we had a boom. and kennedy was an economic hero. ronald reagan came in and did the same thing, he cut taxes, the top bracket went to 28% which is a record. he got down to three brackets and then there was a boom that transcended reagan's presidency in the presidents following all the way through clinton. we now have a tax cut and for the third time in my life the economy is a booming. now the difference here is that reagan's first tax cut paid a lot for itself because the increased volume of the economy caused more transactions to be taxed at a lower rate. i'm ver

iswhat is interesting there consensus among the business of administration, that this would be a good idea. the sec, they see themselves as the investor advocate. i think you will see big investors, big hedge funds in particular, short-sellers who think this is horrible. people may be saying today it makes sense, we can agree this is great. the sec is going to base -- face pressure from the other side. i don't think it is going to be as easy as some think. investor atre a home you read the quarterly data and you make your decisions. sophisticated investors have all kinds of access to data others don't have. satellite card data. goingg is the concern longer between official announcements would widen the gap between people who can pay for this specialized form of data most can't get. >> there is another argument why we shouldn't do this. rock, you are a massive hedge fund that hayes all sorts of analysts to tell you what they are thinking about a company. the longer-term you go out for mom-and-pop investors, smaller institutional investors, they don't have access to that data you can pa

the reception at least of a business pretty administration. the transferred trump was a positive one. the capriciousness for mr. trump for trading something on amazon, when he went after amazon, i thought this would blow over, sure enough, it did. there is a little bit of a trade in that, but i would not recommend trading on the probability of president trump's timeline. >> neil: would you adjust the trade here? >> in fact i have. neil, when i was last on your program, i said i don't believe that the trade war is all for nothing. i think it is a negotiating tactic. i actively recommended my clients to invest. that is proved to be a very lucrative trade. >> neil: you said that now. we won't get into that. >> we have gotten into nastiness, but trade war, and semantics. a trade war is catastrophic. right now, we are talking about negotiations and proving and getting fair trade. i think you can trade on some of the headlines and headline news. >> neil: scott, on those earnings, the economy, and the performance, the rumors, back-and-forth on trade,

that business administrator. the top story and his earnings in focus. they are all set to report earnings this week top a big set last week. they traded a premium to the rest of the market. the high prices are justified for tech. nearly half of the s&p 500 rise this year alone. not to mention that trillion dollar market deal. thank you so much for joining us. do you agree with the notion that it's justified to see some of these valuations in tech. they've have a really good run. technology and consumer discretionary our top two sectors that have been performing. they been back a little bit over the last month. they still have a really good run. we would take a little bit off the table right now from some of these names because of the strong run that they've head. i think they can say perhaps it's justified but i'm not sure it's good to continue at the same rate that we've continued in the past. a lot of them are tied with amazon. perhaps we see continued strength there. even apple it's dagen mcdowell apple hitting an all-time high with the fourth straig

colleagues want every single committee of congress to look into this including the small business administration committee including natural resources. they want every committee of congress but the reality is, given the sensitive nature of this information that investigation is best handled in a confidential setting which is where the house intelligence committee meets and we met for the better part of 2017. it's where the tenant intelligence is currently meeting and they will issue a report and it's not lost on me and perhaps it will be lost on our four witnesses but there been a number of references this morning to the indictments that have been issued by the grand jury in the robert mueller probe. anyone sit through the grand jury proceedings? anyone got a problem with the fact that you didn't fit to the proceedings? anyone sat in on any of bob mueller's interviews? any of you have a problem with the fact that you have not sat on bob mueller's interviews? everything can be done in public. we had the most productive classified briefings that i have ever been a part of last week. i really wish