cohn: i disagree. today the president announced the culmination of something that's been going on for a long time. these are individual companies that tried various remedies. if you read what these companies went through, it's extraordinary what is companies had to go through to try to protect american jobs and american workers against unfair practices from other countries. you finally see companies bring cases in a bipartisan system. they go through the system, it goes up to the ustr, the ustr makes a recommendation based on the bipartisan committee's recommendation and the president makes a final ruling. the president made a ruling that will make the u.s. competitive and help us grow our economy. it just so happens on the washing machine side, both of the companies that had been creating enormous problem for the u.s. manufacturers of washing machines are going to open up manufacturing facilities in the united states, hiring over 1600 workers. that's exactly what the president wants to see. you want t

cohn: i disagree. today the president announced the culmination of something that's been going on for a long time. these are individual companies that tried various remedies. it's extraordinary what is companies had to go through to try to protect american jobs and american workers against unfair practices from other countries. so, you finally see companies bring cases in a bipartisan system. they go through the system, it ustrup to the ustr, the makes a recommendation based on the bipartisan committee's recommendation and the president makes a final ruling. the president made a ruling that will make the u.s. competitive and help us grow our economy. it just so happens on the washing machine side, both of the companies that had been creating enormous problem for the u.s. manufacturers of washing machines are going to open up manufacturing facilities in the u.s. hiring over 16 hundred workers. that's exactly what the president wants to see. you want to secret -- companies moving to the u.s. to bring --

and roy cohn said, "never settle."d, "you need to fight back harder than they ever hit you." >> narrator: at a press conference and in court filings, trump and cohn claimed they were the victims. >> he comes right back with a $100 million lawsuit, which was filed by roy cohn. and that was roy cohn's signature kind of thing. >> roy cohn taught donald how to come out punching, how to use lawsuits like machine gun bullets, and take a no-prisoners approach to city hall, to your business opponents, to anyone else who might get in your way. and i think donald reveled in that. >> narrator: but with damning evidence of racial discrimination, the company was forced to settle. nevertheless, trump didn't admit any wrongdoing and even declared the outcome a victory. >> this is a classic example of where trump begins to demonstrate something he talks about all the time today, which is he's a counter-puncher. so somebody comes after him and says that he's done something nefarious and horrible, and he just goes back at them with all

it surprises me not at all that he would ask for his roy cohn because of how instrumental roy cohn wasdonald trump's life. the influence that he had. trump is quoted saying more than once that roy cohn would brutalize people. and that he was vicious to people on my behalf. and that roy cohn demanded ironclad loyalty which is partially where trump gets this idea of loyalty, almost mafia-like in a way. that's not how the presidency works in this country. this is consistent with what's report of how donald trump has run his entire operation, run his entire life. so why would it surprise anyone that he would change to anyone different? it should scare people that he would want a roy cohn in the white house with him considering the illegal stuff -- >> i have to say it would disappoint me if he did not try to keep his attorney general in the game on a very important matter. and as he said, robert kennedy -- >> wanted to protect him -- >> he cited robert kennedy. he cited eric holder. eric holder, the only cabinet in history who got accused -- actually was guilty of contempt of congress which

he will be with gary cohn in camp david over the weekend. there's going to be a legislative session, a brainstorming session. gary cohn will be there along with a bunch of others i talked to gary this morning, said are you going to stay here at the white house he said, yeah, i'm going to be here today and all next week typical gary, very cheerful, upbeat no indication he's leaving any time soon. >> eamon javers. we're figuring out what the word is not hard. >> reporter: keep thinking. >> i'm thinking. thank you. michael wolff for his part defending his explosive account of the chaos in the trump white house. your next guest was one of six guests along with steve bannon and roger ailes who were at a dinner party she says every word from that evening which is detailed in the book is completely accurate. janice min, welcome to "power lunch. >> hi. >> thank you very much for joining us. >> thanks for having me. >> i saw your sbrinterview on "morning joe." i appreciate you coming on "power leverage. credibility of michael wolff, you worked with,

and roy cohn was sloppy. he didn't -- he ignored facts. he let cases pile up. he made unsubstantiated charges. he didn't care about the truth. and as i was reading this two years ago, i said, my god, the parallels between what i'm reading about roy cohn in the 1950s and what we know about donald trump in 2016 is remarkable. and then you have bobby kennedy always getting the best of him. bobby kennedy, of course, worked around the clock, had the best staff and actually was stuck to the facts. again, this is important breaking news for the prosecution, possible prosecution of the white house, but the fact that donald trump believes the united states attorney general should act like roy cohn is actually the most damming of all statements coming out from this very disturbing story. >> well, the link there, joe, was robert kennedy and roy cohn, the same as michael smith explained donald trump expecting loyalty to himself. not to the presidency. not to the nation to himself. roy cohn's loyalty in the 1950s, during

roy cohn ultimately became a very close legal associate to donald trump.hat we're hearing is that he wanted a roy cohn-like person, meaning donald mcgann, the white house counsel who is supposed to be representing the american people and not donald trump as a private citizen, as roy cohn was doing, to say to jeff sessions, you cannot recuse yourself. even if you are conflicted, even if you did have dealings with the russians, even if you were an intimate member on the campaign team of the trump administration throughout 2016, you should not recuse yourself from the russian investigation and whether or not they had compromised or attempted to compromise the elections in 2016. absolutely irresponsible. donald mcgann should no longer be working in the white house. he has already forfeited that because he should be representing the american people. when jeff sessions made the decision to recuse himself, he made the right decision. and he testified to that effect before the congress. he knows he made the right decision, and so ultimately, the president shouldn'

and gary cohn had a role in that. you see what i'm saying, in the ends if one thing bo say people are accomplished outsiders who are trying to work there should flee because it's so awful, that's their own personal decision as a matter of serving the public of the united states, that would seem to me -- >> do you think steve mnuchin and gary cohn are there to serve the united states? >> no, i'm saying, are you saying they should get out of there, because it's so terrible. i don't care if it's terrible for them or not, if they are minimally competent, that is a good thing for the country. i don't know that they are. i'm saying the last thing you want to do is say what the hell are you doing there, get out of there, if they have the ability to have a sane meeting, you know. >> even on the margin. so. >> foreign leaders because he walks out of the room. you want a charlotte mcmasters there. >> now, let me bring in. >> keep going and discuss the seven points that we have to discuss here. that's a good thing for the countr

cohn: i did not. president trump: will gary cohen continue or remain in the administration?i said, i hope so. if he leaves, i will say i am very happy he left. [laughter] come here, gary. are you happy, gary? mr. cohn: yes, i am happy, how is that? president trump: he will hopefully stay for a long time. yes, ma'am? reporter: are you willing to engage in phone talks with the president of north korea? president trump: i believe in talking. [indiscernible] i will be absolutely -- i would do that, no problem at all. reporter: so no prerequisites to coming to the table and talking with them? president trump: look, right now, they are talking about the olympics. it's a start. it is a big start. if i were not involved, they would not be talking about the olympics right now or it would be much more serious. he knows i'm not messing around, i am not messing around. not a little bit. not even 1%. he understands that. at the same time, if we can come up with a peaceful and good solution, we are working on it with rex, a lot of people, if something can happen and something can come out

steve mnuchin and gary cohn want to stay the course the biggest wild card is nafta republican senators and governors have been seeking assurances from the white house that the u.s. won't withdraw at one meeting in early december, a source says senator

but michael cohn is not in the position of donald trump. and he's named in there. so to see a defamation case come outside of the parameters of the political arena, go into a court where truth is a defense, is going to be interesting, to say the least. and i think it may be more elucidating than some of the things going on in the political arena. and if you're running one of the investigations in either the house or the senate, not robert mueller's and you have something like senator feinstein releasing an otherwise private transcript, then what do future witnesses do? do they talk less? do they come at all? they certainly would be presuming that there is no such thing as private testimony, if one senator can simply release it. so i think that may change the dynamic for the witnesses, not in a way that the ordinary public will see, but it may slow the flow of information into the congressional investigations at least. >> laura, before you respond to that, because michael cohn is saying that the allegations raised against him and there's a statement, but i don't hav

kennedy, the way eric holder had for barack obama, and he said, i want -- where's my roy cohn. he wanted someone whose job he felt it was to protect him personally. >> fundamental misunderstanding of the, you know -- >> the justice department? >> the justice department. thank you. it really is. and there are a lot of implications there. let me get you on this, too. it does tie into sessions and the justice department. the reporting you have that, you know, just days before firing comey, sessions' aide goes up to capitol hill and tries to get dirt on comey. whatever he can find. that's big. >> right. well i mean we know that trump was very angry at comey for refusing to publicly clear him in this russia investigation. he had told him privately that he wasn't a target, but he wouldn't say it publicly and, in fact, he had gone to the hill and testified and refused to say that. so he was very angry at comey and it seems that he enlisted

roy cohn disbarred and banned from practicing law in 1968. and that, that is who donald trump wishes was still at his side tonight in the white house. "the new york times" is reporting tonight that special prosecutor robert mueller has substantiated the claims that former fbi director james comey, quote, made in a series of memos describing troubling interactions with the president before he was fired in may. the special counsel received handwritten notes from mr. trump's former chief of staff reince priebus showing that mr. trump talked to mr. priebus about how he called mr. comey to urge him to say publicly that he was not under investigation. "the new york times" has also learned that four days before mr. comey was fired one of mr. session's aides asked a congressional staff member whether he had damaging information about mr. comey, part of an apparent effort to undermine the fbi director. the attorney general wanted one negative article a day in the news media about mr. comey according to a person with knowledge of the meeting. before fi

trump they might get a call from michael cohn.t bull, anthony scaramucci, said -- told us for that story that he's the guy you call in the middle of the night at 3:00 a.m. with a problem so this is the kind of thing that michael cohn did for donald trump at the trump organization. >> last piece of due diligence and reporting this out, obviously, the picture accompanying the story shows that ms. daniels and mr. trump have been in the same place at least once. were you able to document anywhere else they were seen in the same place? >> we don't know over instances in the same place and spoken to at least three people, three people who contemporaneously spoke to stormy daniels about her account of an encounter, sexual encounter with donald trump. around that time. >> okay. this is -- this is our lives now. michael rothfeld of "wall street journal," one of the reporters who broke the story today, thank you for helping us understand it today. >> thanks. >> we'll be right back. ♪ with expedia, you can book a flight, then add a hotel, an

cohn did not address any alleged payment.letter that she says is stind by stormy daniels in which she denies that anything took place and denies that she was paid hush money by donald trump. doesn't say if she was paid hush money by michael cohn. but anyway, if that wasn't enough, now today before we got on the air, t"the daily beast" published this story where it says it too was chasing the stormy daniels story, during the campaign, negotiating with her to go on the record with them. they say they have three sources confirming that a sexual relationship between mr. trump and stormy daniels did take place. "wall street journal" reporter who broke this whole story joins us here next. life happens. that's why feeling safe is priceless. with adt, you can feel safe with an adt starter kit professionally installed for only $49.00. call today, and install an adt starter kit that includes security panel, keypad, key fob, entry and motion sensors and for a limited time, get a camera included and installed at no additional cost. that'

you've got wilbur ross saying we've been giving it away since 1945 and gary cohn's side of the housenafta, maybe parts of it have to be improved. in the speech on friday president trump throws tpp out there. he said we're going to leave it but negotiate better terms. nothing has happened. tpp and trade have marched on without us. >> and trade is one of the large pillars that really president trump can thank for his large win. across the midwest while people were talking about jobs and other things, the name recognition of nafta in michigan, in pennsylvania was overwhelming. there's this idea that people really expect him to renegotiate america's position in the world and that that is going actually impact their daily lives. people think that their jobs in steel mills and other things that have in a large way been automated are coming back because china has been the person to blame on that. one of the biggest things that are going on right now is a war of words with the european union of all places. the president has hinted that he was going to retaliates for unfair tactics and the eu

and trump's lawyer cohn has not provided contact information for her.f this alleged event did, nonetheless take place, it would have occurred the year after he married now first lady melania trump. don? >> tom foreman, thank you very much. we appreciate it. >>> when we come back, could big game hunting actually be the answer to combatting animal extinction? that's what a new documentary film is arguing. we'll break it down next. with its historical ance records...test ...you could learn you're from ireland... ...donegal, ireland... ...and your ancestor was a fisherman. with blue eyes. just like you. begin your journey at ancestry.com searching for answers may feel overwhelming. so start your search with our teams of specialists at cancer treatment centers of america. the evolution of cancer care is here. learn more at cancercenter.com/experts he's a nascar champion who's she's a world-class swimmer who's stared down the best in her sport. but for both of them, the most challenging opponent was... pe blood clots in my lung. it was really scary. a dvt in

let's start with how gary cohn framed the u.s.dministration saying it's america first, not america alone. do you think that's a fair framing of the actions president trump has taken so far in office and do you welcome those actions? >> i feel like it's a great gesture, and the more we can send a delegation here and get involved in the global economy, the better gary is right. what's good for the global is good for america and vice versa. it's a great sign that so many people are coming over to hear the world views here in realtime and in davos >> do you think the president's actions so far have been one of america first or america alone i bring up the point of some tariffs imposed on things like solar panels yesterday that sort of action, does it concern you? likewise when we've seen negative headlines around nafta in the last year or so, is that something that concerns you going forward? >> the u.s. economy is actually doing very, very well. i think the president ran on an agenda to try and really bolster the middle of the countr

director of national economic counsel, gary cohn, our tax guy. our tax man. where is gary?ary, did a good job on those taxes. everybody being helped by those taxes, huh? big tax cuts. as well as a number of outstanding members of congress, representative lou barletta. he has been a friend of mine for a long time. here is another one. mike kelly. mike. i won't have you go through and over those gates. pat mehan. thank you, pat. great job you do, pat. these are like real friends of mine for a long time. representative keith rofsus. does everybody know him? keith, thank you, keith. thanks for being here, keith. a man that everybody in washington knows and so respects, bill schuster. bill? thank you, bill. representative g.t. thompson. and a person people are hearing more and more about, a real friend and spectacular man, rick saccone. [ cheers and applause ] and mrs. saccone. special people. thank you for being here. my daughter, ivanka, is also with us here today. she worked so hard on the child tax credit. ivanka, come up here, will you? come on up. and a very special thank

where is my roy cohn. referring to the pond scum of the new york bar, roy cohn, who had an inglorious history of being indicted for federal crimes and was reviled among people for his work with joe mccarthy. >> on that bigger picture, though, is it okay for him -- appropriate for him to be ordering the white house counsel to go tell sessions not to recuse himself? >> well, it's quite inappropriate and sessions was following the advice of long-time professionals at the justice department who quite clearly looked at the facts and said, look, mr. sessions, as attorney general, you cannot be in charge of an investigation in which you are implicated as a witness and perhaps have done something inappropriate in how you have responded to questions about your contacts yourself with the soviet -- with the russian ambassador kislyak and so attacking that. >> yeah. >> is extraordinary. of courses trump finds himself in the remarkable position of having an independent person of the highest repute, robert mueller, bein

i think gary cohn answered the question very well.disagree, but to me, it was an example of the media would never, ever, piv -- give any credit possible to anything that president trump does. >> absolutely, stuart, and that reporter must be having too many swish meals with nancy, marie antoinette pelosi, they are giving out crumbs. jamie dimon with big policy differences with donald trump, 20,000 net new jobs, 400 branches opening. he is no friend with donald trump but he sees what is happening with the economy. he wants to make his company better. that is what the whole tax cut is about. that is what we're talking about. stuart: i think american business was put on trial almost by these tax cuts because business got almost everything it wanted. now the question is, what will it do for us. you got what you wanted, what are you doing for us. i think we're passing the test. what say you? >> not only passing the test. this is not just trickle down. this is building up this is creating new jobs, new opportunities, new factories. the whole

general mcmaster, gary cohn. wash is a place, if you don't have thick skin, you shouldn't look for a job. >> yesterday the white house defended the president's relationship with wilber ross saying the president has 100% confidence in the secretary. the question is, is that an endorsement or the kiss of death? take a look. >> do we not have the sound ready? >> yes. >> first of all, sean spicer is a fine person. >> i thought dr. tom price, who is amaze go on health care and his knowledge. i thought did he a fantastic job. >> of course not long after, that flynn, spicer, price. when they say that president trump has 100% confidence in wilber ross, should he start packing his bags? >> no. we've reported on a lot of them that haven't taken place. i think it is part of who trump is and part of the white house. i think it is exhausting. and they have the added problem that they have not staffed up the federal government in some of these appointments the same way another administration would have. so they're running with

so gary cohn and m.r.r with sarah sanders minutes from now live from the briefing room here on fnc. as democrats face off with the white house over immigration, president trump's infrastructure plan has leaked to the media, again, it's axios breaking another story and publishing what they report is a draft copy of the infrastructure plan. how to fix all the country's roads and bridges and airports. it was one of -- it was candidate trump's major campaign promises. last month the president said infrastructure would be the perfect place to start working with democrats. adam shapiro with the news. what are some of the major details of this leaked plan, adam? >> the white house won't comment about the leaked plan. how does $200 billion as seed money to leverage $1 trillion in capitol improvements to road, brings, waterways, transit systems throughout the country? that's what they're talking about, again, the white house won't confirm it. buried within the plan, take a look at the video when new york city opene

he said, where's my roy cohn. i could point out how evil roy cohn as the person involved in the mccarthy hearings but a mentor to roger stone and donald trump and when he says i want my roy cohn or i want my protection, that says, you put it all together, he has some consciousness that he's done something wrong and needs protection. >> ken, is this an investigation now about collusion or obstruction? >> it's clearly about both, katy. and, you know, jill's making some very strong points. i would just say there's many legal scholars saying that the obstruction case is difficult one to make and may hinge on the question if the president has the right to fire the fbi director for any reason and whether it's construed as an attempt to obstruct justice, part of a conspiracy and then all the other acts we have been hearing about were furtherance. to say there was no collusion, the effort to say comey to go easy on mike flynn and part of what robert mueller is looking at. >> guys, thank you very much. >> good to be with y

vonnie: gary cohn, the white house national economic director counsel. bloomberg business flash, the biggest stories in the news right now. emerging-market investor mark mobius is calling it quits, he will retire at the end of the month. he is 81 years old and has been with frank when doubled in for more than 30 -- frank when doubled in 430 years. -- for 30 years. his messi has something in -- he is the world's best soccer player five times. coming up, the battle of the charts, the commodity come back. this is bloomberg. ♪ ♪ time for our global battle of the charts of a look at the most telling charts of the day and what they mean for investors. nor did in our efforts yesterday thankk you, mark barton, you president donald trump we will not be forwarded -- th warted today. >> passive versus active. this chart tells a different tale, in the white bars is the s&p 500 sector dispersion. the best performance sector versus worse each year. 2017, the spread is at its highest since 2009. what else, the average correlation between stocks is the blue line, it fal

gary cohn a top example. a lot of people expected him to leave.e didn't necessarily say he'll stay for a long time, but he seemed to indicate he was happy with the job. the question here, though, is, who is in the ranks to fill some of these positions? there are going to be vacancies. there is not a huge line out the door -- >> to be in this administration. >> of qualified people. think that is the real issue, specially on the economic side. there are a lot of people who do not want this drama. potential legal consequences, et cetera, here, so i think staffing is a huge issue in the second year of his term. >> some of the news this week was tillerson, who seemed to be exiting, says he's on for 2018 at least. we'll see what happens with that. >> i mean, his demise has been reported now for months and he's still there. i think he could stay around a longer time than we think, at least through a couple more seasons, perhaps into the summer. >> all righty. we'll see. >>> coming up, the special counsel has significant details surrounding the drama atto

gary cohn shot that down. the other you mentioned the fact that the president wasn't speaking out for human rights when in fact they had to reinmind the press this president attacked syria after they used wmd. he mentioned a number of other points the president is insist extent on human rights. melissa: a long list. you want us to go to our panel. here we go. moments ago, white house press secretary sarah sanders slammed bipartisan immigration agreement proposed to the p take a listen. >> unfortunately the flake-graham-durbin agreement does not meet the ben marks, it would not secure the border, encourage more legal immigration and end to chain migration and end to visa lottery system. in short it is totally unacceptable to the president. it should be declared dead on arrival. melissa: here to react, hadley heath manning independent women's forum, and richard fowler. hadley, senator schumer has taken a beating in the aftermath of this little teeny, tiny shutdown. how do you see things shaping up from here? >>

gary cohn one of those people complaining in the book whether this was true or not.e was asked if he was going to stay on the job? andays he is there today will be there next week, but there's going to be high turnover the white house this year for sure. marty: their traditionally is after one year and there's been lots of talk about tillerson and cohn and others, but they are all there. until someone high-profile you shouldon't think necessarily expect an exit odus. david: kevin cirilli and marty marty schenker, they could both for being with us. shery: abigail doolittle with the latest. abigail: the rally continues not just across the globe but the u.s. as you just mentioned. we have the major averages nicely higher for the fourth in a row. we have a new set of record highs for the dow and s&p 500 and the nasdaq. the s&p 500 and the nasdaq on pace for their best weekly gains. i just read something very interestingly on the idea that perhaps this has to do with relief that the tax reform bill did actually go through and as expected to stimulate the economy. as for s

where's my roy cohn? he said, obama had holder. jfk had rfk. where's my roy cohn? and the idea that the person who should be running the justice department and following the facts is someone who he thinks is roy cohn is very disturbing to people at the fbi and to law enforcement. >> and what do you make from your white house sources about sort of -- they take two lines in my conversations. it's all hiding in plain sight. basically he's not hiding what he thinks this should be, but there are guardrails. there are people like don mcgahn who are experienced who are telling him how it's supposed to be, and the idea that this is almost so blatant and so obvious, how could mueller not have assembled, along with donald trump's public statements, his public berating of sessions for recusing himself, of mccabe for the reasons that we've been talking about, how could mueller really not be able to assemble an obstruction of justice case? >> i mean, that's the question. is this all part of some sort of grand plan or

today's top story, where is my roy cohn? that was donald trump's angry reaction to top white house lawyer don mcgahn who he directed to stop attorney general jeff sessions from recusing himself in the russia probe. cohn was a one-time fixer for donald trump and trump clearly thought he needed one at his justice department. this account part of some stunning new reporting that potentially gets directly to the president's state of mind at the time of sessions' recusal. all of it from michael schmidt who also reveals, quote, the lobbying of mr. sessions is one of the several previously unreported episodes that the special counsel robert s. mueller has learned about as he investigates whether mr. trump obstructed the fbi's russia inquiry. schmidt's reporting also casting this nugget from his sit-down interview with mr. trump at mar-a-lago last week in a new light where donald trump said, i don't want to get into loyalty but i will tell you tharkts i will say this. holder protected president obama. totally protected him. when you

rex tillerson says he never questioned president trump's mental fitness and economic adviser gary cohn says he never called trump dumb blank. >>> fcc chairman ajeet pie canceling his scheduled appearance at the consumer electronics show reportedly received death threats. the fcc says it doesn't comment on security issues pai has been a target on social media by those unhappy with his vote to repeal net neutrality rules. >>> 100 million bucks for a football coach yep, that's what the oakland, soon to be las vegas raiders, are reportedly going to pay jon gruden over ten years. gruden coached the raiders previously from 1998 to 2001 he spent the last nine years in the broadcast booth for "monday night football." >>> and take a look, take a look at the top of this car a driver in wisconsin happy to be pulled over that officer pulled over the minivan because the driver left her coffee on the roof he retrieved the cup, handed it to the driver and walked away. but when you see those blue lights in your rearview mirror -- >> i was going to say. >> -- should be -- >> what did i do >> exactly i

as suggested by gary cohn. kathy: i do not think it will happen very quickly.hink it will take some time for deregulation to work its way through the system to produce the kinds of results that would cause the long end to sell off. in terms of all the regulatory changes and the tax changes, i'm more focused on the high-yield market at this stage of the game than i am about the financials. jonathan: we are going to talk about credit in just a moment, i do want to get your thoughts, krishna on the inflation dynamics. break even rates are picking up. are we thinking about inflation this year as a tale rift? do you need to hedge out or a base case that is going to materialize through this year? krishna: i think, as michael was saying, that's the great mystery. inflation would pick up a tad. i don't think it picks up a lot. if it picks up a lot, we will see a much more forceful response from the fed to get us into a recession. two phase that out. counting on breakevens picking up in a big way, i don't think it is in good context. jonathan: a really interesting note

trump then asked where's mu roy cohn? >> trevor: where's my roy cohn.de where's my car. it's an incredibly revealing question for trump to have asked because he's saying his ideal attorney general is roy cohen, this guy. >> roy cohen was a horrible guy. >> he would lie and cheat. >> he was the right hand assistant to joe mccarthy. he was single-handedly responsible for naming innocent people as communist without any backing, without any evidence. >> cohen specialized in this kind of savaging of enemies, lies, slander, character assassination. >> roy cohen humiliated people, he made up things, he had no mocials. you couldn't say he even had the morals of a snake. >> trevor: man, i feel bad for snakes. ( laughter ) no, because one snake tells one woman to eat an apple and now everyone hates snakes and women. ( laughter ) ( applause ) so trump longing for a lawyer like roy cohen is disconcerting because what he admires in cohen is that he worked to destroy his political rivals by any means necessary and that's exactly what trump wants the justice departmen

thanks so much, ali. >> gary cohn reportedly wrote that speech for the president to deliver in davos.>> a lot was happening elsewhere in the world of trade. negotiators from the united states, canada, and mexico were engaged in their sixth round of talks to update nafta, an agreement that trump has threatened to walk away from. canada announced it will be joining ten other countries as part of a revised trans-pacific partnership, a deal the president did walk away from a few months after he took office. earlier this week the president signed off on tariffs on foreign-made solar panels and washing machines. >> and the u.s. is still a major player, you cannot understate that, but the world is moving on. europe, japan, china, all moving on. i mean, you have to realize, the fact that justin trudeau announced tpp being renewed while they were in davos, that says a lot. and some concern about this argument, it's a huge drain on our system. it's not. >> you look at what happened immediately after the u.s. pulled out of that deal. the other countries in that tpp partnership meeting with each

we talked to gary cohn and he talked about the deregulation around banking.o you think there is a reason for the u.s. long end to sell off sharply if the banking deregulation bill kicks in around q1 as suggested by gary cohn? kathy: i do not think that will happen very quickly. i think it will take some time for deregulation to work its way through the system to produce the kind of results that would cause the long end to really selloff. in terms of all the regulatory ianges and the tax changes, am more focused on the high-yield market at this stage in the game that i am about the financial. jonathan: we will talk about credit in a moment. krishna, i want to get your thoughts on the inflation dynamics. break-even rates are picking up. are we thinking about inflation this year as a tail risk, if you need to hedge out, or will it materialize through the year? krishna: as michael was saying, that is the great mystery. i think inflation would pick up a tad. i do not think it picks up a lot. if it picks up a lot, i think we will see a much more forceful response f

for "nightly business report" i'm scott cohn in moth month county, maryland. >> can't wait to see. >>> before we go here's another look at the record day on wall street. the dow rose 223 points. the nasdaq climbed 94. s&p 500 added 33. the gains for the week for all three, better than 2%. >> what a month it's been. and it's not even over. >> i know. that does it for us tonight. i'm sue herera. thank you for joining us. >> i'm tyler mathisen. thanks from me as well. we'll see you on monday. >> this is "bbc world news america." funding of this presentation is made possible by the freeman foundation, and kovler foundation, pursuing solutions for america's neglected needs. >> planning a vacation escape that is relaxing, inviting, and exciting is a lot easier than you think. you can find it here in aruba. families, couples, and friends can all find their escape on the island with warm, sunny days, cooling trade winds, and the crystal blue caribbean sea.

for "nightly business r i'm scott cohn in denver. >>> and that is "nightly busi for tonight. i'm sue herera. thanks for joi us >> i'm tyler mathisen. thanks from me as well. have a great evening, everybody. >> this is "bbc world news america." funding of this presentation is made possible by the freeman foundation, and kovler foundation, pursuing solutions for america's neglected needs. >> planning a vacation escape that is relaxing, inviting, and exciting is a lot easier than you think. you can find it here in aruba. families, couples, and friends can all find their escape on the island with warm, sunny days, cooling trade winds, and the crystal blue caribbean sea.