goes like this, dear business roundtable, your recent shift in the purpose after coverings sent shockwavesiness world t was also met with skepticism and outright disbelief. by shifting from a bedrock position established 1977 the sole purpose after business is to make profits there is ad mission that you have let down society in many ways. now you say the commitment to a free market economy that will serve all americans allowing for more inclusive prosperity. among these goals you stalk about fostering diversity, supporting communities and protecting environment. if you're serious about these commitments, why isn't there a greater effort to push for real free and fair trade with china? think about this for a moment. china's actions counter everything that the new woke business roundtable says it stands for. china is the world's greatest polluter. not even close there. it wages war on religious freedom of the has no freedom of press, no due process, engages in rampant theft of american intellectual property and debt diplomacy and militaristic ambitions. this is a great time for to you put y

>> that was very interesting to me, the oklahoma attorney general mentioned that business roundtable finding i'm not even sure, communique i guess we want to call it, that shareholder value is not necessarily the only thing they'll be focused on. of course j&j has the credo, they claim to have a responsibility to a lot of other people, what the business roundtable is now talking about. >> right the ceo spent a huge amount of time >> it's the first time i heard that business roundtable change cited. it's fascinating, what this will mean, if anything. we talk about the rise of pse&gs overprescribed and the other guys of course did much more.j&j felt that they di less, therefore why should they settle, and they ended up having to pay much more they'll have to go to the supreme court. i don't know about the oklahoma supreme court, to me the fact and the law -- >> we move on, as meg said, to cleveland and that case. a lot of other cases are consolidated that would seem to be very important in terms of trying to determine what if any is going to be the ultimate liable. >> just on j&j, this

i mean, look, it's a difficult situation because the c.e.o.s of the business roundtable have been very of a lot of the objectives that the administration has been pursuing in their negotiation with the chinese. there need to be structural reforms to get rid of intellectual property theft, to open their markets to more investment, to open their markets to more u.s. products, to stop forced technology transfer, to stop subsidies to targeted industries. and all of those things are very important to have happen. but if the-- if this trade war spirals out of control, the damage is huge. i have a lot of respect for larry kudlow, but he's just not reflecting the views of american business when he says, "this is all fine." a lot of american businesses now have their foot poised above-- right on top of the brake, and they're tapping the brake periodically. what we saw on friday with the stock market was the markets tapping the brake lightly. but if this spirals out of control, the risk is that everybody's going to slam on the brake, and that would be a disaster, not just for the chinese but for

the business roundtable i changing its statement of, quote, the purpose of corporation, end quote. the influential business group said decisns shouldo longer be based on whether they will yield highe profits for all shareholders. instead, they should take all stakeholders into account including employees, customers and community. >>> what cld this new change to the corporate mission statement potentially mean for you? joining us to talk about it is charles nelson. he's director of the wineberg gornance nter. thank you for joining us tonight. you.reat to be with >> you're not exactly enamored u? the change in the mission statement, are >> not at all. it's a rerun of the mission statements you saw of many corporations 30 years ago. the shtreholder wr movement. frankly, the more people you are, quote, accountable to, the less likely a bad decisioner wi ave any consequence to you. it's like yourh. wa the watch stops it gets the time right twice a day. you get multiple constituencies you answer to. you're going to get it right to somebody but that doesn't mean a healthy business. forer s

the business roundtable and jpmorgan's jamie dimon with something else on their minds, redefining what should be the philosophy of a corporation. former ubs america's chairman and ceo robert wolf is on hand to explain why shareholders may no longer be number one. >>> plus, huawei's big break. silicon valley versus france? and charlie breaks it on ge's latest attempt to fight off very pointed fraud charges. less than an hour to the closing bell. let's start "the claman countdown." liz: we have this breaking news. twitter stock, let's look at it, it is jumping nearly 3% after announcing it's changing its af advertising policies. moments ago, the social media giant announced it will no longer accept advertising from state-controlled news media entities. it says they can still use the product but cannot advertise. much of this is related to what video we just saw and that is the protests out of hong kong. twitter saying it has uncovered nearly 1,000 accounts originating from china looking to sow political discord in hong kong, where of course there have been mass protests about basically c

guy: i think this is really interesting, particularly at a time when the business roundtable changedld. it changed it from a focus on shareholders to stakeholders. you've got to think the unions play a part in that. if you look at the stats in the united states, and this is really interesting, you need -- interesting, union employees earn generally more than nonunion employees. support -- most citizens support unions. you've got bernie sanders saying this on one hand, and jamie dimon saying something not to do similar on the other hand nash dissimilar on this. it kinda feels what they are moving in a same direction. jamie dimon and bernie sanders. that is a pretty interesting combination. vonnie: i'm not quite sure they are saying the same thing. i would imagine, in fact, they are saying quite the opposite. that jamie dimon is saying the worker is important and we are going to have that is part of a platform for the business roundtable, but i bet if you asked him if unions were welcome and if they should be at every company, he might just have a very nuanced answer to that particular

the business roundtable was saying that companies are about ethical treatment of suppliers, supportingell, companies that care about all of these stakeholders are better companies and more sustainable and less risky. trevor, thank you for being with us today on business live. that is all we have got time for. plenty more business news today, on—air online. goodbye. good morning. we have some showers around this morning. 0verall, for many of us it will be a drier day compared to yesterday. more on the way of sunshine compared to showers today. by this afternoon we will see some showers around, particularly northern and eastern areas. we have an area of high pressure to the south—west which will become an important feature over the next few days with this warm front moving into northern ireland today, bringing more cloud and showers to northern ireland. you can see the showers in north—east england and some scattered around scotland. for most of us, it is a dry afternoon with that sunshine and maximum temperatures of 17—21. tonight, some showers across scotland, one or two on their way t

for decades the ceos of the business roundtable have put shareholders first, but it appears the tide is turning and the group is redefining its mission. >>> and the great american consumer will a love for online shopping and fast food keep the economy and the markets going? we're going to begin today with the rally. dom chu has those numbers. >> it will today, and i saw what you did, becky i cleared it before beck's little joke got on air but the consumer and optimism there keeping the markets in the green, at least for today. we're up almost 300 points for the dow industrials. the s&p up over 1.33% and the nasdaq composite among the minimum wage or indices up over 1.5% here so a big, big check mark there as opposed to what's happening to overall markets we'll see what's happening with the macro side of things so much attention being paid to the difference in interest rates between ten-year government notes and two-year government notes as well. remember, they had gone inverted or negative or at one point very briefly last week. now we're back up to six basis at one point earlier we

business roundtable a group of top ceos, including jpmorgan's jamie dimon now saying the purpose of a corporation is no longer about higher profits or shareholders. we'll tell you what its saying instead, what it would mean for some of the world's biggest companies. >>> first it was the dominican republic. now costa rica. the health ministry in costa rica 25 people have been killed as a result of tainted alcohol. we're bringing you the latest details. connell: back to the markets. three days in the green, we'll bring you coverage from kristina partsinevelos from the floor of the new york stock exchange, edward lawrence covering trade and phil flynn tracking oil and gold at the cme. kristina, we'll start with you. reporter: s&p 500 closing in positive territory. what are the big winners? le's talk about the dow. apple, comes after a nice friday night dinner tim cook had with the president. did a relatively good job that tariffs are bad for a lot of u.s. companies. seeing shares higher. home depot, earnings are coming out. past two quarter beat estimates. boeing on trade optimism. goldm

by the business roundtable that they're going to be more responsible to their workers the community and the environment or is this really ultimately just a public relations move given the political climate of the country better being cynical in thinking that this is just p.r. . no i don't need to being cynical at all in fact i think it would be a show me don't tell me don't tell me all the good things are going to do for workers amazon show me what you're going to do for workers and when jeff bezos talks about making life better for his workers he's talking about the robots or is he talking about the actual humans who are working in his warehouses or the contractors who drive around in their cars delivering packages all day i mean the reality is i think they're that these titans of industry if you want to call them that are right in that they recognize there is a coming kind of revolution that will change the way the system operates right now and so if you want to be able to stay on top of that system you better start operating differently but where is the evidence that they're going to

you are unimpressed with this business roundtable statement that the ceo said that they care more abouttock price you think they were really to get people to think they care? >> yeah. i mean, i'm not impressed because it doesn't say anything more than we care. it doesn't call for any kind of regulation or changes in tax policies or changes in how cus are paid and it's just kind of messaging and i think it suggests a deeper fear which is that the ceos and corporate america in general has done really well over the past expansion. but most people in america have not. you know, the gains haven't been spread widely and the recession could end the party and affect how people think about the fundamental structure of the economy. >> so then what would have substance? you mentioned a couple things, in terms of either policies that ceos and business roundtable could advocate that are specific versus what you think is lip survesh. >> i mean, you know, specifically, they could outline policies for changing ceo pay or just making it more equitable. they could talk about the decline in unions in amer

hear a lot of blubber from wall street anymore or the chamber of horrors or commerce or the business roundtable about free trade. the president seems to have made it very clear that there has been nothing free about free trade for the last four decades in the balance trade is the future and as a leader of the free world, he is persuading in the rest of western civilization certainly that this is a new dawn. what do you think? >> its reciprocal trade and europe is getting on board and i think europe views china just as we do, as a country that is violating all the roles and threatening the international ability to have a decent trading system. so let's see what happens. in the meantime, in the next month or two, we need the fed to do its job, to cut rates, european central bank will help us as well. lou: let me make a forecast, that is the fed will cut rates, jerome powell has had -- he is been tutored, he is more experienced by events. there is no way in the world he would not cut rates. and i will bet you any amount of money on that one. >> let's make sure he is playing chess not checkers. lou

and the business roundtable has been lobbying against that for decades.hange the rhetoric and the language, that is important. but what you also have to look at is the political context in which these companies are going to be operating. >> okay. so, dan, if these companies don't want regulations put in place that would force this new ethos into place, if it's just about guidelines, why would we believe these guidelines were a commitment if the market turns? >> here's the thing. this is in some ways a reaction to trumpism. corporate leaders have actually had to answer to their customers and their employees on a lot of really important issues having to do with the environment, and having to do with lbtq rights. the list goes on and on. their feet are being put to the fire. polling shows you that the arc of the political universe in the u.s. is really bending towards more progressive politics. and i think these ceos recognize, a, their lack of diversity, and, b, the control they have over millions and millions of employees. they are going to get in front of

. >> and then to provide you with an update from the mayor's small business roundtable that was held during small business week. on the 11th, senior staff, i meant to review the the roundtable's administration, working to pull the top 3-5 per category and we will be making recommendations on that. i will keep you posted, we are targeting by the end of the month to help out a little more formalized so we can reach back out to the attendees and those who were invited. i have distributed a flyer, oewd along with the department of aging and adult services or having a job very -- job fair matching jobs for older adults. commissioner. >> five have noted the value of older adults who aren't working full-time, and that value to our retailer so i will be taking a look at this, because this was an issue about finding employees that was brought up during the hiring, that the hiring working group of the small business roundtable, is this something that our retailers, in our neighborhood commercial districts would they be interested in doing something, or having some sort of program trying to matc

a lot of what business roundtable is doing is self-contained in the operations of corporations today.tainly get worried when we see business roundtable trying to codify this i never want to be in a situation where i have a public company ceo saying that we had a bad quarter financially but we had a great quarter because we had different esg goals or other aspects that are not financial that's a wrong way for corporations to operate. >> that was a new sort of a wrinkle that you introduced me to, that these guys could actually use it instead of -- you know, instead of, well, we had some currency headwinds or weather, they could say, well, we're doing a lot of great esg stuff but it's okay because we didn't do as well but we were certainly feeling good about ourselves. i mean there's so many different ways you can look at it. number one, if you say to elizabeth warren and bernie sanders you've been right all along, we've been profit mongers and now we've seen the light, do you think that's going to satisfy them and now they're going to say, now you're good corporate citizens it continhas

polishing effort or or a genuine shift by business but i'm not wild about the statement from the business roundtableons of american business issued a statement, a pledging social issues. they want companies to be first and foremost, nice. they want business to be sensitive to customers, employees, suppliers, communities, almost as an afterthought, shareholders. maybe we need to remind the titans of business it is shareholders who own the company and it is their money who is at risk. there is a lot wrong with this. if shareholder capital is diverted out side the company future performance suffers. that means all stakeholders suffer. innovation suffers. the competitive ethic suffers. i don't know about you, but i invest in companies i think will make a lot of money. that is what i want them to do. so the company will make progress and i will share in it. that is why i invest. now we all have our own personal values. i wouldn't invest in a tobacco company, for example, that is not what these executives are talking about. they're engaged in a reversal of corporate priorities. it doesn't look like profit

that is right in line with the business roundtable. they said be more socially responsible.h research. robert moran, brunswick group partner. robert, run through the numbers. tell me how many people think that public companies should be more socially responsible? >> we went into the field with survey after the brt announcement, 80% of americans agree with the ideas put out in the statement from the brt. stuart: wait a minute, brt, business roundtable? got it. >> in d.c. people call it the brt. stuart: 80%? >> for the audience. this is the most important story you haven't heard about. soç 60% of americans heard something about the greenland purchase story last week. only 23% of americans heard about this story. in a nutshell the business roundtable, which is an association of american ceos came out with a statement that said, they wanted to deliver value to all corporate stakeholders, including shareholders. and that is, there is somewhat of a debate going on in the business community and theoretically for the past 30 years about, do you, have and only shareholder view of th

there were various reactions to what the business roundtable put out.le like ben & jerry's and patagonia saying you have not gone far enough, just be a be corporation. that's a different certificate that some states allow in order to endorse paying attention to all the stakeholders. what do you make of that? >> is a really important part of the overall picture here. whether or not it works for a large publicly traded company, that's a big change. one thing that we see is that it is fine to be able to say -- ok, companies, now you have said this, what are you actuallythats a strong role, we think, we have been tracking these companies on this for five years. there are always going to be people who think it doesn't go far enough and plenty of people that think it goes way too far. i think that reflects the reality of running a modern-day corporation in america, balancing the competing interests. david: you not only measure these things, you have put together an etf to trade on that . how long has it been in existence? >> just for a year. it has outperform

i want to talk about the business roundtable. this is a group that represents america's largest corporation. this, a lot of people's attention, the statement didn't mention profit at all and it said things like, we commit to supporting the communities in which we work. we respect the people in our communities and protect the environment by embracing sustainable practices across our businesses. tell us what's going on at the round table and how they are signaling corporate values values changes right now? >> i assume they are worried about the way people are thinking about companies, they are concerned about increase regulation, they want to be ahead of the game and look good. if you read the statement, it is quite as radical as it's being portrayed in the press press. they might say we are committed to delivering value or we will treat suppliers ethically. these are things that any good business i think would be doing in the first place. what you quoted which does sound a little newer, believing in local communities and back and

let me hook this, if i may, to the statement that just came out of the business roundtable.sure, as a ceo in the early 2000s, i was asked what is the role of a ceo. my answer then and my answer now is that a ceo's job is to balance the requirements of shareholders who invest in your company, employees who produce value for your company, customers who reward that value with revenue and profit and communities who can either enhance your value by embracing what you do, or who can destroy value by resisting what you do. that statement was made by the business roundtable because business has destroyed a lot of trust and confidence. they have destroyed trust and confidence through the financial crisis, through the opioid crisis, through technology companies taking advantage of consumers and being less than transparent. so the business roundtable needed to make a statement that said shareholder return, particularly when the typical shareholder holds on to stock for six weeks or less, is not the end-all and be-all. i think president trump is being realistic in saying you know, putti

and this is now saying, quoting a business roundtable in the states, saying now that issues such as environmentalworkforce are seen as being on a par with that which in a way is just catching up with reality. ok. time has beaten us, folks. we will do it all again in about three quarters of an hour's time. that's it for the papers this hour. jo and john will be back at 11:30 for another look at the papers, and don't forget you can see the front pages of the papers online on the bbc news website. it's all there for you seven days a week at bbc.co.uk/papers and if you miss the programme any evening you can watch it later on bbc iplayer. thank you, jo tanner and john kampfner. goodbye. good evening. now week might have got off to a showery start but the prospects of tomorrow look considerably drier and brighter on the whole. as the week pans out, we have some warmer the whole. as the week pans out, we have some warmer weather eventually to look forward to as well. that said quite a chilly into the night in some spots, our weather front sinks down out of scotland, bringing rain into northern ireland a

ceos say shareholders are no longer the main priority with the business roundtable saying the new principles put workers, suppliers, customers and social responsibility first with labor advocates saying they appreciate the statement but they see tangible action on the newsstands. that is your cbs money watch report. go to cbsmoneywatch.com. at the new york stock exchange, i'm diane king hall. >>> it's 4:41. >>> lost at sea but hopes are high with new clues for the search for two firefighters swept into swept into the ocean. >>> you are looking live from our sales force tower cam at embarcadero, a foggy start on this tuesday morning and we will be right back. arodti don't's. consider your age. if you have no known fertility issues and you are under 35, try to can see for 12 months. if over 35, try for six months and see a fertility specialist. >>> a possible clue has searches with firefighters leaving for a fishing trip. reid binion reports on the broad and intense search. >> reporter: jacksonville fire and rescue chief, powers, the update with firefighters missing at sea. >> we will find the

the business roundtable led by jpmorgan's jamie dimon says it will leave behind the investor centrics like jeff bezos and larry fink say they will serve all constituents. employees, customers, investors, and society at large. here with more is dani burger. dani: the group led by jamie dimon released a statement saying while each of our companies serve its own corporate purpose, we share a fundamental commitment to all of our stakeholders. now would be a good time to do a check in on where the state of shareholder reward stands. looking at buybacks, you can say the message is starting to take hold. year-over-year in the second quarter, buybacks have declined by 10.4%, but this is probably not any altruistic reason. instead last year, we saw the tax cut bonanza. corporate's returning, money giving buybacks but according to s&p global company might have overstretch themselves and are likely to pull back for quarters to come. if they are going to pack -- pull back because the effects of tax cuts are fading or economic concerns, we are likely to see it in buybacks because there is more to

so he's engaging and also to the spirit of this new business roundtable, you know, ceos as corporateues against him. >> i don't want to diminish tim cook's brilliance, vision, execution or sterling character but on all the issues you named and hearing from apple's pr people in moments but he is not out front. he wasn't the first, second, third or 21st person to join the group criticizing charlottesville. on the religious freedom laws, at&t, different issue, people got out in front tim cook used wisely collective action this is exciting taking a position about social impact is that if you really want to be critical they need to protect each other flanks. the business roundtable is mute on charlottesville and the other issues even the boy scouts of america board spoke out after the jamboree criticizing the president. the business community isn't good at that tim cook would but ri himself. he is a member of the business roundtable and wasn't out in front by himself waving a flag when you see jeff bezos getting isolated or looking at harley-davidson with a position on a trade issue is th

in the united states this week, the influential business roundtable urged companies to treat workers he same importance level as pursuing profits. the business group has around 200 members with combined annual revenues of $7 trillion. members include the likes of amazon and general motors. joining us now is luke hildyard, director of the high pay centre. we were taught of the study —— you we re we were taught of the study —— you were pa rt of we were taught of the study —— you were part of the study. is it a good thing or a bad thing? definitely a good thing ceo pay is falling. how pay at the biggest companies is distributed between the top, middle and bottom has a impact on living standards. there might be a little bit more to give those in the middle and bottom a pay rise. however, talking about pay packages still over 100 times what the average uk worker is getting, still clearly a lot of room to distribute things more fairly and proportionately. does the disparity in wages between the level are great people and people at the top, morally, it might be reprehensible, but in practica

this likely is not any sort of altruism or goal the business roundtable set out.we saw all of those tax cuts. companies actually overspent last year. we are likely to see buybacks pulling away from where they were last year. there is certainly room for corporates to cut, especially if the economy continues to be weak. 77% is spent more on buybacks than dividends. at.dends nothing to sneeze this past quarter, they reached a record $14.24 per share. that goes into that lower yield story. investors love that dividend story, that bond proxy story. for evidence that this is not going anywhere, look no further than bhp, francine. francine: dani burger with the very latest. social issues. twitter and facebook say beijing used their platforms to sell unrest around the hong kong protest -- sow unrest around the hong kong protest. we will have more on that. this is bloomberg. ♪ ♪ francine: no need for a hike. the boston fed president tells bloomberg he is not convinced a rate cut is necessary, as president trump urges the fed two/rates by four percentage slash by a/rates --

he is leading a shift for the business roundtable and a lot of other ceos are on board. former ceo joe grano with us. what do you think of this move? >> it is not new, new. there are some corporations that follow that thesis. i'm delighted jamie dimon is taking the lead because i think he is the best executive we have right now, but a corporation needs to look at it seven as a partnership. you have obviously your clients, your shareholders, your employees. every major decision has to be fair and equitable for all three. if you cut any deal for one of them then you're stiffing the other two. i would say some ceos and corporations lost sight of all that. if that is only maximizing shareholder value, that is tainted an creates problems. connell: number one, people would say if your goal is to maximize shareholder value, keep it simple, somebody comes in with a social issue, political issue, as it may be, as a ceo, that is for somebody else, keep that outside of work, we're focused on shareholder, and you open yourself up. what do you say? >> every major corporation has a ob

we heard from the head of the business roundtable, a business on grell a group -- umbrella group. tapping the brakes on business investment. he said the next move might be to really slam on the brakes. businesses like certainty. they like to be able to plan their supply chains and other elements of their business or years and years, not just go from tweet to tweet. so they are very, very concerned. at one point that kind of stormed the white house to make their concerned tester concerns known. there certain -- to make concerns known. economist sees u.s. growth possibly falling below 2% on the latest tariffs. that is not a good environment for corporate earnings. you can see where the concern is coming from. paul: tom, you mentioned china feels at has already lost the u.s. to some extent. how seriously is going to take this threat of u.s. corporate divestment? very seriously indeed. out,s ros rightly pointed you have companies looking to taiwan, malaysia, some looking to move to the u.s.. you also have corporate's continuing to invest heavily in the chinese market. including tesla,

josh bolton of the bush administration is a nice guy but he's over there with the business roundtable and they are all against the trade push. if they want to go back to the old days when they made a lot of money in the regular people got shafted. we are never going back there under democrats or republicans. i want to play this, he's a former obama official who is now an anchor at cnn. he has this to say today. >> the primary national security and foreign policy challenges facing the your u.s. and europe today, there is a very public disagreement, the iran nuclear deal front and center but also russia's readmission to g7, open disagreement on that. the china trade war, no agreement and very public disagreement and this is president trump's third g7 summit. on each of those issues the president has not moved his allies in one iota. >> laura: so that's the sign of a failed u.s. president they say? >> you have to expect disagreements between countries that see things differently. there's a real disagreement on climate change. we are closer than iran than this commentator is making out. >

working with manufacturers, working with the business roundtable. whatever the creek but people are to get out and make the case. blending with the dfc, i think there are opportunities. what is important to me is that the model that mcc and the focus mcc has had since the inception does not change. focused ony laser poverty reduction through economic growth. that we stay the leading innovators and executors of our large-scale hard infrastructure projects. that is what has made us successful. that is what will continue to make mcc successful. that is what draws us the abundant talent that is at mcc. these are committed, highly educated, highly motivated mission driven people working on staff. it is because of that focus. there are great opportunities. we are going to work with dfc. folks over there to see where we are. the -- the main thing is to keep the main thing the main thing. that is what i want to do. power africa. our engagement series. these -- all of these environments are complex and very dynamic and challenging. mcc, where rico is not det

hopefully you have the business roundtable conversation -- the idea that short-term profit maximizationuge corporate entities should begin in greater advocacy by the u.s. government than the health and well-being of the american people, that has to stop. earlier today you were at the african-american chamber of commerce talking about policy issues like reparations. what do you say to skeptics of reparations? why is it important for there to be some type of commission to discuss this nationally? in your life whether it is the economy or anything else, you have to go back to your principles. -- can't have the abundance the abundant future that you want if you're not willing to clean up the past. when it comes to the economic disparity, it came from someplace. it came from slavery. this is all the legacy of slavery and you just clean it up. the idea of economic restitution for one people when a wrong has been done is not a notion. >> what you're advocating for is not necessarily a check to every african-american. . it you are calling for an investment. >> yes i am calling for money that wo

the business roundtable. the chamber of commerce. the koch brothers, big tech, he is pushing ahead and doing his masters bidding. all at the expense of american taxpayers and american working men and women. senate bill 386, is already passed in the house, hr 1044, it would remove green card limits on workers from other countries. it means is that big countries like india and china, they are no bigger in terms of population, they will be packing our green card lines with as many visa workers as a like all eager to take u.s. jobs at significantly lower pay. a real blow to the american dream, take a look at these top 10 companies that sponsor h1b visas. of them, only five are based or incorporated in the united states, three others based in or incorporated in india. and sources say if country scrapped is is the intent of the senate 386, indian citizens that will be taking about 90 percent of the employment green cards the next decade or more. they currently take about one fourth of those cards every year. far more than any other country

succeeded in doing, if you look at the most recent statements of the chamber of force, the business roundtable, wall street, they are not talking free trade anymore because the president has put before the american people the true cost of those idiotic actions over decades of free trade to u.s. economic growth. it is cutting -- by trillions of dollars. >> i love free markets but i cannot stand when they call it free trade and what that means is tearing down barriers to allow foreign powers that are corrupt and against america hostile like china to get american jobs, that is not free trade, that is insane. it is been created and sustained throughout binational left-wing media acting in complicity with the rhinos and the establishment right and the left. >> the whole crew. >> you bet it is great to have you with us. up next, more vile rhetoric from america's educational elite. how can we call them elites? how can we? they really are nuts. and they think about their orthodoxy having been question in the point of fact shown to be riddled with absolute contradictions and fictions. we take it up wit