the commerce department said the decision was made on national security grounds. and that is adding to a growing feeling in china circles that the real goal of the trump adminiration is going beyond rease and instead is to d america's depend on china. for nightly business report, i'm eunice yun in beijing. >>> under armour's turn around takes hold. that's where we begin the market focus tonight. the athletic wear make are toed earnings and revenue earnings and raised outlook for the year. the company attribute the skrong quarter to rice in sales overseas and few promotions. under armour shares jumped more than 24% to $20.97. americans are swiping their master cards a lot. the r companyorted stronger than expected earnings and revenue for ter third qua thanks to higher consumer spending. master card shares were off more th 1% to 187.73. >>> profits a at bp hit fie-year high. erpgs for the quarter more than doubled and were bolstered by stronger oilce p and cost cuts. the company says production during the first nine months the year rose thanks to the tapping of new

in the third quarter on the back of the strongest consumer spending in nearly four years the commerce department said gross domestic product the total values of goods and services produced increased by three and a half percent from a year earlier the sharp rise in spending help offset a big drop in trade companies spend more to increase their inventories which also helps all sort of growth analysts are expecting the economy to expand by around three percent this year and we're joined now by our financial correspondent in new york yen scored a yens another quarter of solid growth in the u.s. donald trump is looking like the business friendly president that he advertise themselves to be. you know if we look at the entire year if we're really going to read a good three percent of growth we haven't seen anything like that since two thousand and five so in thirteen years i mean first of all we shouldn't forget that us president inherited a pretty decent economy the economic recovery was already underway for six seven years before dawn of talk of what does help is that we almost have full employment i

there who think, great, a government doesn't do anything worthwhile anyway in these departments like energy and commercegriculture. they don't do anything we care about. let's not fill it up with bureaucrats and save those salaries. >> let's take a concrete example. all right, rick perry is nominated to run the energy department. he runs the energy department. he's one of those who said he's going to axe the energy department. couldn't remember the name. but the minute he actually collides with the energy department and asks, what does it do? well, it manages the nuclear arsenal, need to get rid of that. it's managing massive nuclear waste clean ups around the country. it is basically a science project. the future of the industry is going to be driven by the investment that they're making, basic scientific research. the idea of eliminating this, the people saying they're going to eliminate it, they don't know anything about it. one, it's mission critical. it's attracted people who are really interested in mission. they're not there for the money except some of the trump people. they're there because the

in the stimulus bill that was a lot of money, $4.7 billion we put dollars we put out for department of commerce and department of agriculture to help provide estimates for broadband investment. unfortunately, because of the way the law was structured a lot of money, the decision about where to invest that money, was made in absence of good data about where we had a a real challenge. the was a mapping component but that map wasn't until after the grant had already been given. .. gave us 7 and a half million dollar appropriation and said go out and improve and do it the way that can help us and the federal government make better decisions. we are trying to figure that how we can make better use of the money. >> right. >> that's a real challenge. there are in fact, still parts of the country where it's a challenge to get service at all. >> don't i know it. yeah. so it's interesting if you go 2 hours away from here, you start going to virginia, i had an interesting story, i was taking my kids to camp and my gps kept going out and i kept having to go back to main town to pick up service, 2-hour trip

the commerce department is pushing back and said this adds to the secretary's story and doesn't contradictissue because the concern from the critics is that adding a citizenship question to the census could ultimately discourage immigrant communities, particularly undocumented from filling out the census and undercutting the population and democratic areas could affect redistricting. the white house and the trump administration said this is all part of an effort just to get better data to enforce the voting rights act. cnn, capitol hill. >> as you saw the new york congresswoman was at the center of that exchange and she joins me now on the phone. glad you could be with us. according to the court filing, secretary ross admits to talking to steve bannon about the question. did the commerce secretary lie to you and if so not, then what? >> thanks for having me on and covering this important issue. i'm upset. he lied to my face and made multiple statements about the request being originated from the justice department about the voting rights act. it is clear now that this was a political move

we know that because of a division in the commerce department whose job it is to tell us how to prepare for and when to move when a hurricane -- >> they've gotten better and better at it. they've gotten better and better at it. weather prediction has gotten steadily better. it's gotten steadily better in part because of the data that's been collected inside the national weather service and made available to a lot of geeks to hack away at it. the people there in the weather service, they take their role protecting life and property very seriously. and i think when you back away, when people kind of lose sight of the basic role of the ghochlt is to keep us safe. and it manages a portfolio of risks that are absolutely terrifying. and we just assume they're going to do that even though all we do is kick them all the time. and if we have been doing that for as long as -- then you put a guy in charge of the thing who has no interest in managing it, we're asking for something bad to happen. >> i think of your reader ship, i don't think of politics at all. you've written books about wall street

what we're seeing is a very slow process going through these exemptions from the commerce department. in fact, right now, 30% of those decisions have been made on the steel side. that's about 11,500 steel decisions posted, with about 7600 exemptions approved and the rest denied. for aluminum, 16% of those decisions made, 805 exemption decisions posted with 663 approved, the rest denied. some big industry leaders have really asked for those exemptions. you can see chevron, the dutch royal shell as well as ball corporation and also some small companies asking for these same exemptions. everybody goes through the same process to get this done. liz: well, i always refer to the obamacare waivers, right? remember how many companies, some of them were boat manufacturing companies were getting waivers and the administration was granting them and conservatives were really upset about that and said well, if it's not worth upholding for everybody, then why have it in the first place. wouldn't you say that's the same situation here? 40,000 waivers and they are probably going to grant several thou

as a general matter, if a political appointee at the commerce department or the white house asked you to take an action to redesign a census questionnaire in a way that expert census bureau staff informed you would make the census less accurate and more expensive for american taxpayers. how would you deal with that? >> if i understand your question correctly, theoretical question if confirmed and in the position at the census bureau that we seek and consider all sorts of recommendations but the way you presented it, as i interpret it, it sounded as though you're talking about political interference coming from another level that would perhaps improperly affect the process for the scientific process of designing questions. while i can assure you that whenever the information, ideas, and thoughts might come from, they probably get a some consideration at the census bureau but the circumstances you've described do not sound to me as though it would be the appropriate circumstance and it would be something that i think is director of census bureau that i would have to carefully consider w

commerce department, poorly misnamed should be called the department of data. census is there, lot of the economic statistics -- dash statistics and weather and climate data is there like how do we get a picture of ourselves and our environment. and the trump administration has basically neglected the vast majority of it, the weather service. it's filled with really interesting people who are weather geeks. they have transformed weather prediction over the last 30 years. why you aren't going to get hit by a hurricane without knowing, you can thank them for it. all because of the collection of data. they put someone in there who is trying to shut down essentially the public's access to the data that the weather service i generates. >> dickerson: reason people should care, these people that you write about deal with the long term problem and politics forces politicians to only deal with what happens in five minutes. >> look at your show. dealing with whatever happened that day or that week. what we got here is, portfolio of very long term risk that if the federal

the commerce department said christ investing product or the total values of goods and services increasedby 3.5% compared to one year earlier. the sharp rise in spending helped offset a big drop in trade. companies spend more to increase inventories which helped to bolster growth. analysts are expecting the economy to expand 3% this year. we are joined by our financial correspondent in new york, jens korte. another quarter of solid growth in the u.s.. donald trump is looking like the business from a president that he advertised himself to be. jens: if we look at the entire year, if we are going to reach 3% of growth, we haven't seen anything like that since 2005. in the 13 years. first of all, we should forget that donald trump inherited a decent economy, the economic recovery was underway for seven years before donald trump took office. what does help is that we all must full employment in the united states, so the labor market looks pretty solid. on top of that, earlier this year, donald trump and his administration fired this huge tax cut and that was a incentive for the economy. steve

obviously both the group of industry security at the department commerce has been engaged and has the u.s. congress. putting aside the congressional pieces, they are a coequal branch and should do with the do. it's important to remember our law enforcement body with and department of commerce, as a look at our export rules enforcer export policies against can preset present operate in e united states, we are not the group within the department the density ntia is a policy advisory body and it would be inappropriate for us to be law enforcement. that being said i know secretary ross and the folks in bis has been hard at work to make sure that bis, their orders are complied with by zte never leave it to them to give you an update. >> is it a big issue for middle america? the chinese equipment companies, the good device makers have been out there selling to the smaller carriers and offering a cheaper product and to think it was a lot of concern about the smaller carriers about what they would do it that equipment wasn't available to them anymore. >> guest: as were looking at it it's a qu

i mean, i think my -- the last piece of the book is about the commerce department. i picked obscure pieces of the government to show even there, their portfolios of risk that you would not believe. and the commerce department, most of the budget, the majority goes to collecting weather data and trump has put someone, nominated someone to run it, ceo of accuweather who wants to shut down the ability of the national weather service to communicate with the population. and it's thrown the place into a tizzy. so do i -- you know, it's -- i think -- having said that, i would also say this, in the short term the permanent civil service can step in for a bit and run the place, but right now what's happened is an absence of leadership half of the top 700 positions in the administration unfilled. 20% of the top 6,000 senior civil servants resigned in the first year i mean it's a problem. one more thing, you know, you were saying earlier, introduced i was in favor of bigger government it's not so much that, it's just more -- there are five times more people working for the gov

the commerce department said gdp expanded by 3.5% during the third quarter. that was less than the previous period but still stronger than economists forecasted. stronach consumer pending a rice in business inventories helped results. before the release of tharo economich report, the head of the cleveland fed said that the central bank's economic forecast suggests gradual interest rate hikes are appropriate. >> financialonditions are still accommodative. nd i think that the economy is still growing above trend. i think the unemployment rate is at the lowest level since the late '60s and inflations at our target. that's a strong outlook and suggests we probably need to be gradually thinking more about taking back some of the accommodation. >>esster is aoting member this year on the fed's policy making committee and saidld the swings in the stock market are a risk to the outlook but they are not impacting her view at this point. >>> consumer sentiment remai near historic highs despite a slight pullback in october. a survey from the university ofs michigan s sto

well, we'll find out friday when the commerce department releases the latest report on the country'sprevious quarter showed that the economy grew at a rate of 4.2%. that's the highest we've seen since 2014. now, for this most recent quarter, economists are expecting a rate of about 3.3%. these are the final gdp numbers before the very contentious midterm elections. we can certainly expect that president trump will be touting the growing american economy. joining us is richard hunter, head of markets at interactive investor. welcome back. we are right in the middle of earnings season in the us. corporate america is updating the world on how it is doing. we have had some tech companies reporting in the last few days. what is the picture and sense you are gathering as an investor and what kind of mood music do we get from the states?” think the results themselves have been very strong. we have known for some time the us economy is firing on all cylinders. the banks in the us ticked off particularly strongly. the technology sector, as we have been hearing, has been something of a mixed b

according to the commerce department, the trade gap expanded to more than $53 billion. it's third straight monthly increase. the deficit with china and with mexico were both at records. >>> and optimism in the manufacturing sector is at a 20-year high. according to the latest survey of the national association of manufacturers, 92% of respondents pointed to tax cuts and regulatory changes. but said a shortage of workers posed the real challenge. >> 3/4s of manufacturer report that finding skilled labor is the the number one concern. it's the headwind that we see right now. if you look at tax reform and regulatory reform pb. those are the things responsible tor the 92% positive outlook. >> and as for tariffs, some manufacturers said their costs have risen from the duties. others say they are benefitting from the protectionist measures. >>> auto makers are not only keeping manufacturing plants busy, they are also adding jobs. and today mercedes-benz broke ground on a new electric battery plant that will employ 300 new workers. all part of german auto makers expansion into

it is important to remember the dif is a law-enforcement body within the department of commerce. and so, as they look at our export rules and enforcing export policies against companies that operate in the united states, we are not the group within the department that does that. ntia is said policy advisory body that would be inappropriate for us to issue law enforcement. that being said i know secretary ross and the folks have been hard at work to make sure that bas are complied with by dte and i would leave it to them to give you an update. >> host: is it a big issue for middle america? the chinese equipment companies, device makers have been out there selling to the smaller carriers and offering a cheaper product and there is a lot of concern about the small carriers about what they would do if the equipment wasn't available to them anymore. >> guest: we are looking at the question, as we look at the policies i come up for us it's a question of economic security. the president said in his national security policy, economic security is national security. when we look at these qu

the third quarter that's thanks to the strongest consumer spending in nearly four years the commerce department said gross domestic product or the total values of good goods and services produced increased by three and a half percent compared to a year earlier the sharp rise of consumer spending helps offset a big drop in trade companies spend more to increase their inventories which also helped to bolster growth analysts are expecting the economy to expand by around three percent this year. and we're joined now by our financial correspondent in new york yes quarter another quarter of solid growth in the us donald trump is looking like the business friendly president that he advertise themselves to be and if we look at the entire year if we're really going to read three percent of growth we haven't seen anything like that since two thousand and five so in thirteen years i mean first of all we shouldn't forget that us president inherited a pretty decent economy the economic recovery was already underway for six seven years before. took office what does help is there to be almost a full employmen

in the stimulus bill, there was a lot of money that we put out from the department of commerce and department of agriculture to help provide a stimulus for broadband investment. unfortunately because of the way it is structured, a lot of the money was made in the absence of good data about where we had a real challenge. that map wasn't done until the grants had already again given. we went back to congress and said we want to help solve the problem. and asked to improve it. isn't a challenge. >> if you go two hours away from here you run into places and i was taking my kids to camp and my g.p.s. kept going out and i had to go back to the main town. so a two-hour trip turned into a four-trip. do you think we will be able to do a better job? this information is very difficult. >> trying to overcome those barriers is difficult. we have an existing network of folks in the states who want to work with us. broadband u.s.a. that came out of the stimulus bill that was part of the 2009 stimulus has gone on to maintain what we call the leaders network. and points of contact and individual folks in stat

a citizenship question to be added to 2020 census, and the supreme court has supported that commerce department in doing so to this point. a new yale m.i.t. study puts illegal immigration population over 22 million perhaps 30 million, far more than the dems and rinos, national left wing media and business establishment have suggested were in the country, by fake o factor of 2 s many to 3 times as many, joining me now to talk about president's focus on border security. and closing immigration loopholes, congressman louie gohmert, house freedom caucus, and for congressman gohmert, border security is importantly represents a significant part of a significant state, by the name of texas. good to have you with us. >> good to be with you. lou: great to see you, let's weigh in on birthright citizenship, it is important. and the reaction of your speaker, paul ryan, questioning the president of the united states on the issue. >> well, it just shows our speaker once again has gotten terrible advice from whoever he listens to about our constitution. you know we have been trying to undo obamacare the const

on april 10th 2018 this committee held a round table with members of the department of commerce and the census bureau recording the 20 to census content including the addition of a citizenship question in the 2020 question area. at the round table, the acting commissioner said there was no definitive evidence that the addition of the question would reduce response rates and that other indicates such as household income appeared to have a greater impact on the community survey. i understand it is a controversial issue and reasonable people can come to different conclusions. i would like to emphasize for the purposes of this hearing that dr. dillingham was not at the census bureau when this decision was made. even if confirmed the doctor will not have the ability to change this decision because congress charged the secretary of commerce with the authority to determine the census content. this is again one of those powers that congress has delegated to the administration. this is well within the secretary of commerce's jurisdiction to create this question and determine what it is. now, cur

the us commerce department said there was a "significant risk" that the chinese company — fujianjinhuaand devices — could get involved in activities that may hurt us national security. tech giants including amazon, google and facebook will pay tax on their uk revenue from 2020. under plans unveiled in the budget firms will be taxed at a rate of 2% on their uk sales. shares in facebook, amazon and google owner alphabet all closed down following trade in new york. german carmaker volkswagen has reported an 18.6 percent drop in third—quarter adjusted operating profit to $3.99 billion. this has been blamed on weaker vehicle sales and headwinds tied to the introduction of more stringent anti—pollution rules. earlier this year, the firm saw its earnings hit by a 1 billion euro fine for its cheating around diesel emissions regulations. lots of corporate news out today. among those making the headlines... bhp, the world's biggest mining company, says the global economy could be weaker than expected over the next few years. why? well, it's all to do with trade tensions between china and the us.

expected in the third quarter thanks to the strongest consumer spending in delhi for years the commerce departmentsaid gross rest of product or the total value of goods and services produced increased by three and a half percent compared to a year earlier the shop rising consumer spending helps offset a big drop in trade companies spend more to increase their inventories which also helped to bolster growth analysts are expecting the economy to expand by around three percent this year. as. the preferred stock exchange about this because investors are a little jittery despite these robust numbers how do you read them. yeah the question is is the u.s. economy going to grow further on the surface it may look very good right now but if you go into deeper there's more to worry you mention trade has gone down also if you look at businesses they're investing in inventory but they're not investing long term they're not investing in machinery in plants and offices all of these have actually dropped to the lowest level since three years and that's because there's so much uncertainty about what's going to com

have seen also is that, because of this pressure to make china a global economic player, the commerce department to take more measures to control the economy. we have seen them subsidizing more exporters because of the tariffs. in july, they said they would cut import tariffs. at the trade war heated up, they said for u.s. automakers, they would hike tariffs. is a productive? fred: global growth rates are a big concern. the imf has reduced its forecast for this year's growth by 0.2%. not enormous but we would rather see it go in the other direction rather than down. the problem with trade wars is it is hard to do you escalate. you have two very large countries, the two largest economies in the world. it's like mom and dad are fighting and arguing. we are also somewhat at war. it is different than the u.s. and the ussr where we were not allies in any way and we didn't have much trade engagement. had issues with japan in the 80's but we were also allies. here, it is a little more complicated. we have to remember, president xi jinping has his own politics to work out -- worry about, not just our ow

the pentagon leaped into action to both hold a military parade and the commerce department moved to create a plan for auto tariffs after trump angrily say, there is no proof at all. let's view that in the audience and then we'll talk to the journalist. >> i spoke to one literally last night and another one this morning. very good relationship with border patrol and i.c.e. they say it happens all the time from the middle east. that's not even saying bad or good. some real bad ones, but they intercept -- >> they're in the caravan now. >> they could well be. >> but there's no proof. >> there's no proof of anything, but they could very well be. >> so ashley parker, is the subhead of your story that shiny objects will always be shiny objects? when you are the head of government, there are so many people beneath you that some of them can sound like orders and initiatives. >> they sure can. when you're head of government, you can turn your whims and your desires and your offhand comments and tweets into, oftentimes, reality. what we get to in our story is, in some examples, if you just take two f

commerce department already starting to see if there might be national security grants on imports ofgn car parts. we are expecting a ruling on this in a couple weeks. should be interesting. you,e: david, thank joining us out of melbourne. let's bring in our next guest, alexis crow from pricewaterhousecoopers. wto,ential showdown in the italy, brexit, the like. what ranks highest to you? sentiment,terms of it is trade. it was the key focal point at the imf meeting. as i move around the region, that is number one. the keyword is sentiment. we are seeing the chinese economy is far more resilient and replacing exports with consumption as a driver of economic growth. italy also is high up there. rishaad: one thing i have been noticing in the last few years, we do not get the same sort of reactions we used to for geopolitical events. it is almost as though people are not having knee-jerk impulses. used to see a small incident and iraq, the oil price would completely tank or go in the other direction. we do not have that anymore. what is going on? alexis: driving the markets, monetary polic

the state department also controls a lot of exports of systems, as does the department of commerce, and the department of defense. you have to unwrap this thing. it is a very complicated i'm sure you've been in some of these discussions where the state department person is saying, no, the commerce department is saying, absolutely yes, and the defense department person is saying, i have to talk with the general. it is complex system, diplomats involved, business people are involved, commerce people are involved, and there are different cultures in the united states across these organizations. and again, another plug for ndu and where he teaches, we have ambassadors in. we have commerce people in. we have people from all over the government to work on these things and understand each other, and i've seen this work with my students as they go on in their careers. they call up people who were in my seminar, in another organization, we need to get this done. bing. let's talk about it. very helpful. many were british there, by the way. all right. also, the diplomatic side is international org

as spending was on the rise according to the commerce department.ple are spending more money on new cars and trucks as well as recreational goods and healthcare. however, income growth down to just 2/10 of a % which was the weakest since june 2017 which led to the personal savings rate falling the lowest level. and one final be taken is good news by investigators a key inflation gauge by the fed raised at its lowest rate at just 1/10 of a % down to 2%. rising interest rates have been one of the key factors of the stock market. along with corporate earnings not living up to high expectations as we saw last week with amazon and google. stock market is looking to rally after another selloff on friday the dow dropped about 300 points. let's go to the big board. it is up about 180 points. now that gaining 77 points. and tesla continues its strong run for the past week. it's stock is up another 4%. >>> thank you. >>> it is 6:46 am. let's get a check on traffic. we are hoping that we can ease into the week. >> no. we hope for next week. >>> it has been pre

karen kelly, acting deputy secretary of the department of commerce. action deputy secretary of the department of homeland security. bridenstine, administrator of the nasa aeronautics and space administration. -- thompson, secretary of state of comp control and international security. chairman of -- vice the joint chiefs of staff. michael, deputy assistant to the president of science and technology. assistant and counterterrorism advisor. william, deputy assistant to the president and director of emergency technologies for the national security council. [applause] >> ladies and gentlemen, please welcome the 16th president of university, defense vice admirable rick -- [applause] rick: members of the national space council, distinguished guests, good morning, and welcome here to roosevelt hall in the national defense university. i am honored to welcome you to our campus where we educated and developed national security leaders for the u.s. departments and agencies, industry partners, and for international friends, partners, and allies. this is a universit

steel and aluminum tariffs are a different thing on a different tract being dealt with by the commerce department not part of this deal getting reaction this morning. a joint statement from the u.s. trade representative saying that this is going to be good for workers on both sides. congress just getting the text today. they'll start picking it apart because, of course, they have to approve it brian. >> big news to start your day. we appreciate you bringing it to us tracie potts, thank you very much. >>> the markets like this new deal nearly everything everywhere is up including as tracie is says, the automakers like it let's talk we're going to talk more about the markets in one minute. right now let's get to your top corporate story to begin your week that is tesla. elon musk striking a deal with the sec over the weekend to settle fraud charges under terms of that deal musk will remain tesla's ceo but he will surrender his role as chairman of tesla. he'll pay a $20 million fine the sec fining tesla $20 million. total $40 million payout in the meantime in e-mails obtained by cnbc, musk is urging

the commerce department says that gdp in the third quarter came in at 3.5%. that was better than expected. it was weaker than what we saw in the second quarter when growth came in at 4.2% but still a very strong rate as the economy this year is on pace to perform in its strongest rate since . consumer spending did a lot of heavy lifting, up 4%. that was the best it's been in almost four years and it offset weaker business investments spending. tech earnings, a case of very high expectations not being met. amazon's revenue climbed 29% to $56 billion. google's revenue was up 21% to $33 billion. but that is not enough in the eyes of wall street. shares in both companies are taking a tumble google is expected to see weaker dominance than it's had in the online advertising market because amazon is seeing a bigger gain in online advertising. google shares down by 3%. amazon is down by 7%. and that is not good news for the stock market. the roller coaster ride continues. we give back a lot of yesterday's big rally. let's go to the big board and see how we're doing s

some of its secrets the chinese company is a specialty or has a specialty in dram chips the commerce departmentaid the decision was made on national security grounds this would bar the company from sourcing from u.s. suppliers some people i've been talking to here say that will be damaging for the company because it is building a new $6 billion plant also reportedly has plans to ma mass produce some of those chips by next year so the foreign ministry reacted to both developments saying on the export ban that it hopes the u.s. can do more to enhance trust between the two countries and on the talk of the tariffs, saying the u.s. noise won't succeed in intimidating china. wilfred? >> eunice, clearly the rhetoric between the two countries not particularly positive at the moment we are, of course, approaching the u.s. midterms. is there a sense in china that firstly there's no point in trying to improve the tone until those passed but secondly there's increased hope once they have passed to progress things in a slightly more positive tone >> yeah, i would say so. there's a lot of people watching the

karen dunn kelley, acting deputy secretary of the department of commerce. claire grady, acting deputy secretary of the department of homeland security. jim bridenstine, administrator of the national aeronautics and space administration. andre thompson, undersecretary of state forearms control and international security. general paul selva. vice chairman of the joint chiefs of staff. michael crass yoes deputy assistant to the president for science and technology. admiral doug peters, deputy assistant to the president in homeland security and counter-terrorism adviser. dr. william happener, deputy assistant to the president and director of emerging technologies for the national security council. [ applause ] ladies and gentlemen, please welcome the 16th president of the national defense university, vice admiral fritz roegge. [ applause ] >>> well, mr. vice president, member of the national space council, distinguished guests, ladies and gentlemen, good morning, and welcome here to roosevelt hall and into the national defense university. i'm honored to welcome

both the commerce department and chevron refused to say what was discussed.t watchdog group won a lawsuit and hasased reveals that the meeting focused on trade issues. shortly after that meeting, ross's calendar shows he met with the ceo of boeing. at the time of that meeting ross's wife owned a stake in boeing of more than $2 million. federal law prohibits officials from taking certain actions that affect financial interests held by them or their spouses. >>> in a memo signed yesterday, president trump ordered federal agencies to develop a national strategy for the next generation of high speed wireless networks, opening up the air waves for a commercial 5g. this is big news. talking of huge sums of money, an executive at google walk away with a $90 million payoff. but fired after an employee was fired. the company is, in consequence of this, acknowledged it's terminated 48 employees over the last two years on charges of sexual misconduct. 30 of those by senior executives. >> that's pretty stunning. while we're on the topic of google, alphabet and amazon bot

commerce department moved to create a plan for auto tariffs after trump angrily threatened to impose them. just this week vice president pence, the department of homeland security and the white house all rushed to try to back up trump's unsupported claim that unknown middle easterners, the worst kind, were part of a migrant caravan in central america, only to have the president admit late tuesday there was no proof at all." quickly let's view that exchange in the oval office. then we'll talk to the journalist. >> and i spoke to literally last night. spoke to another one this morning. very good relationship with border patrol. and i.c.e. and they say it happens all the time, from the middle east. it's not even saying bad or good. but some real bad ones. >> you said they're in the caravan now. >> they could very well be. ? but there's no proof. >> there's no proof of anything. there's no proof of anything. but they could very well be. >> so ashley parker, is the subhead of your story that shiny objects will always be shiny objects when you are the head of government there are so many p

the commerce department moved to -- this reads like seth meyers -- to create a plan for auto tariffs r trump threatened to impose them. and vice president pence, the department of homeland security and the white house all rushed to back up trump's unsupported claim that unknown middle easterners were part of a migrant caravan in central america. here's the punchline. only to have the president admit later tuesday that there was absolutely no proof at all that there were middle easterners inside the caravan. the spaniel still here. ashley, this is one of your favorite stories you've written. this reads like a satire so jarring next to the thought of people receiving pipe bombs in the mail today. >> well, it's an interesting way to run a white house. and i think you have to sort of -- i think -- no. the one thing in our story we tried to do is there were two separate categories. one is to reverse engineer evidence for the president's claims that are not rooted in any tangible evidence. that's what we saw with the caravan claim. he claims there's middle easterners in there. everyone in h

we're not talking about the second in command at the commerce department, we are talking about a judgesomeone who should inherently have those characteristics of fairness, of honesty, truthfulness, that's what they expect from people sitting across from them. if thinks character traits are being called into questin now that is an issue. >> can we throw up the polls? i think this is crucial. both sides have been saying this is going to help them in the midterm elections or this is going to make their case. look at this. should the senate confirm brett kavanaugh? 48% now say no according to quinnipiac. that is up six points since september 10th. so now -- >> among women. this is interesting. so 55% of women say no he should not be confirmed, only 37% say yes. and then is he the target of a smear campaign? well, this shows you the trends. the trend of him being confirms has gone down as you can see, him not being confirmed has gone up. is he the target of a smear campaign which some people have suggested yes 49% no 45%. so more people think yes. >> it's interesting there, abby. two things

commerce department says between july and september, growth ran at an annual rate of 3.5%.t followed a second quarter when the ratwas better than . this was the last major look at the economy before the mid-term elections. the economy news was not enough to stop another sell-off on wall street. amon led the way down with weak earnings report. the dow jones industrial average lost nearly 0 points to close at 24,688. it had been down me than 500 points, earlier. the nasdaq fell 151 poin, and the s&p 500 slipped nearly 47. turkey moved today to try to extradite saudi suspects in the death of journalist jamal khashoggi. the saudis have admitted he was murdered at their consulate in istanbul, and they havnamed 18 suspects. meanwhile, turkish president recip tayyip erdogan toldpp ters that the saudis must produce the body. >> ( translated ): as a result of the meticulous work carried out by our police, judiciary and intelligence, the incident has been brought to light to a large degree. and we can say it's now evident that he is killed but where is he you need to show the body. >

now, the commerce department is not saying that he misled congress.fact, they're saying that it does not change the secretary's story. said it only adds to the secretary's story. but we're getting noticeable silence, jake, from republicans on capitol hill. the speaker's office referred questions to the house oversight committee, chairman trey gowdy. his office is not responding to our questions. and neither is john culberson's office, texas republican, chairman of the committee that heard that testimony that we just heard from wilbur ross. no comment and no response from their office either, jake. >> manu, beyond the fact that lying to congress is a crime, explain why this question matters, adding the citizenship question would be a big deal in a lot of people's views. and there's a lot of pushback. >> reporter: yeah, there is, particularly from critics concerned this is part of an effort to undercount immigrant populations, particularly undocumented immigrants who would be concerned about saying whether they're united states citizens or not. and that

hat in hand beg for waivers. >> and there is a huge backlog at commerce department right now for theseere great to see you jon thanks so much. >> thanks a lot. maria: great unanimously from are jon hilsenrath from "the wall street journal," once again gdp is out, this is the first reading of the third quarter came in better than expected up 3.5% versus estimate of 3.3%, coming up next microsoft on track to pass amazon in market cap after earnings we tell you where that market cap stands break down latest numbers right after this. ♪ ♪ what do you ♪ ♪ ohhh♪ ♪ i can't believe it. that everything sticks to stefon diggs's hands? no, i can't believe how easy it was to save hundreds of dollars on my car insurance with geico. cool, huh? yeah. he plays football, huh? yeah. believe it. geico could save you fifteen percent or more on car insurance. if you're waiting patiently for a liver transplant, it could cost you your life. it's time to get out of line with upmc. at upmc, living-donor transplants put you first. so you don't die waiting. upmc does more living-donor liver transplants than any o

lewis examines three cabinet departments, agriculture, energy and commerce. n, no one from the incoming administration showed up, and many of the planned briefings never happened. >> yowsa. we reached out to the white house and those departments for comment. we only heard back from the oceanic and atmospheric administration which falls under the commerce department. in the book lewis writes that the nominee to lead that agency wants to privatize weather data, something he says will negatively impact americans. noaa says it doesn't comment on appointments. michael lewis joins us now to discuss the book. i have to tell you, it's a great read, michael lewis. bravo to you. >> thank you. >> let's start in the beginning where you say lost in transition. because the way it starts, it doesn't seem like the trump administration even realizes they need to have a transition plan in place. >> slightly more complicated than that. chris christie had built a multi-hundred person team to go in after the election. he would qualify people to do it and trump fired the entire tea

it puts it at the department of commerce. and so we are moving out on those activities right now, the department of commerce, nasa is going to be involved, in helping create the technologies and the capabilities, and then turning it over to commerce. nasa does not want to get involved in being the traffic cop for space activity, because we are not a regulator. we are a science and exploration kind of agency. but commerce can and should do that activity. and we support that. >> okay. so asteroids. >> yes, so this is another big concern, so we've had a mandate from congress for a number of years now to find the largest asteroids that could be damaging to planet earth. and categorize them and catalog them. and we've been doing that. and at this point, i can't remember what the specific number is, but of all of the asteroids that could be damaging to earth, we believe, we assess, that we have catalogued over 90% of any asteroids that could be in orbit, helio-centric orbit, around the sun, that could cross the earth's orbit, we bel

as you will recall, terry, the commerce department which has the responsibility for determining a national security threat did not go along with that. they indicated this was not a national security issue so he ended up using another part of the trade laws with regard to putting tariffs in place, with i were short-lived, but the point is 232 has not been used traditionally as it's used now and that's why it's important to bring it back to what was intended back in the 60's, which was two national security situations. and specifically, our legislation would say two things, one, that the defense department, secretary of defense would make the determination. they have the expertise after all to determine what is a national security threat and what is not. and again, in this particular instance, our understanding is that there was not agreement from dod as to the 232 application to steel and aluminum. and then second, it says that with regard to the remedy, yes, commerce would have the responsibility, whatever is appropriate, but that it would have the opportunity, also, to go back to congress