other than that, david, help me out. >> david: no, you're doing great. david beckham's in it.david: yeah, i watched last night so i could prepare for the disaster of tonight. [ laughter ] they told me this won't help you, but just go out there and watch. charlie was great, seems like a super cool dude. david beckham was in it. they have a picture of david beckham. uglied him up a bit? >> we did. i didn't want david beckham to bounce you out of the movie. so we stuck lots of makeup on him and tried to mess him up as much as we can. >> david: yeah he's playing frankenstein. [ laughter ] look at that. >> you say that but my female assistant that was on the right-hand side of me, i said, do you think anyone will recognize it, recognize him as david beckham? she said, i don't know but i'd still give him one. [ laughter ] >> david: dude. if i was with a girl she'd push me in a wood chipper if i was with that guy. [ laughter ] by the way, it is cinco de mayo. i don't know if you have cinco de mayo -- >> i had a 30-second briefing on what cinco de mayo is. >> david: i don't really kno

david: ok.e: and i was able to play a lot during my five years of service. i was a captain in the army, field artillery, but i got to play on a number of all-army and all armed forces teams and travel around the world on temporary duty a lot during that time. david: so when you finish your military commitment -- when you go to west point, you have a commitment of four-five years. mike: five. david: you finish your commitment, then you got into coaching. where did you first coach? mike: indiana, i was a graduate assistant. i was getting my mba at indiana. coach knight was there, and i was there for one year and did not finish my mba. and i was fortunate to go back to my alma mater at the age of 28 and coach at west point. we took over a program that had seven wins and 44 losses in two years. i got the best start that you could get going there. david: you coach there, then duke was looking for a coach, and they interviewed you. your coaching record the year before you were hired was i think 9-16.

david: alright, so you buy a house here -- mr. buffett: i rent a house. david: you rented a house?uffett: i rent a house for $175 a month. david: ok, and when did you buy the house you are still in? mr. buffett: 1958. when my third child was on the way. david: you started a partnership here. how did you raise money? mr. buffett: well, david, actually when i came back, i had about $175,000. i thought that was all that i would need to live the rest of my life to take it of everything. i planned on going to school, thought about law school. david: think about how successful you could have been as a lawyer. mr. buffett: that is true. i know, i have regretted it ever since. david: you first partnership, you had to cobble together some money. how much money did you actually cobble together? mr. buffett: we met one night early in may of 1956, and there were seven people there, aside from myself. and they put in $105,000, and i put in $100, so we started with $105,100. i gave them a little piece of paper called the ground rules. david: but ultimately you ended that partnership? mr. buffett

david: right.tralians seem even keeled, and consultants are even keeled, so you seem to be an even keeled guy, but wall street ceos are thought to be people who throw at walls, scream, yell, slam phones down. so is that image wrong? or have you just succeeded even though you are low-key or do you actually throw things as well? [laughter] james: you seem modest and controlled in your personality. david you seem modest and : controlled in your personality. aren't you used to ceos who are throwing things? james: i think if you are the seventh of 12 children, you don't want to be the thrower. that is not going to end so well. no, i think part of it is honestly just personality and that probably helps shape you. your family obviously does. but i think these businesses have been on a 30-year transition from very tightly held private partnerships where frankly, more extreme the personal behavior, taking more risk because it's your own money, etc., etc., was par for the course. versus now, these are big gl

david: you have 220,000 employees.t to keep them informed about what you are thinking any hour of the day? [laughter] mary: i have a facebook account and i do have a twitter account. for those of you wanting to communicate with your organization, i have found it to be an extremely effective way to communicate and just share what's going on. and also interact with employees that are doing great things and capture that either on my facebook or twitter account. i find it a very effective way to communicate. david: you have been ceo for a relatively short period of time. at some point, ceos retire. at least that is what they say. when you do retire, what you do you want to do afterwards? would you go into government? if the president said i want to be secretary of this for that, would you go? mary: i would not. i have a job to do for many years, hopefully. i serve at the pleasure of the board. i'm so excited about the technology we are working on. i would say that when i'm done doing that, i will probably focus on sleep. [

david: no.harlie: did he write letters? charlie: -- david: yes, indeed. charlie: as many as adams? david: no. the main thing with jefferson was he destroyed every letter he ever wrote to his wife, or that she ripped him. he would write to friends of theirs and say, if you have any correspondence from my wife, please return it to me, because i would like to have it, and then he destroyed it. charlie: why did he do that? david: nobody really knows. charlie: why do you think? david: i think he felt his private life must remain private. charlie: why didn't you write about jefferson and washington? david: i like to read about people who i feel deserve more attention and credit. i like to bring them front and center stage. i like to write about the wives of these people. i like to write about people you've never heard of. because, why should they remain in the shadows, or the wings, as it were? the other -- i'm drawn to people who set out to accomplish something worthy, noble even, that they knew woul

david: capture or kill.erted to that, because you are not directly in the chain of command for that decision that night? gen. petraeus: no one else in our headquarters knew at all. i got up myself, no aides, anything else. we had a joint special operations command post at the nato headquarters in kabul where i was located. i went in there, sort of surprised them at 11:00 at night, said what are you doing in here? i asked everyone to leave except for one officer who i knew very, very well. we dialed up so we could monitor the operation. we had a lot of contingency plans. and the forces they conducted some of those, at least in the headquarters, was working for me in normal times. but that night they were working for the cia. the cia, it was a covert action, which means the chain of command runs from the president to the director of the cia, leon then, to admiral mcraven and the seal team 6 unit. david: did you -- subsequently, the afghan military or their own service or intelligence versus knew that osama bin

david: let's talk about autonomous cars.conomists is -- autonomous is a euphemism for driverless cars. people don't like to say 'driverless' because it scares people. [laughter] have you been in a driverless car? your board of directors let you go in a driverless car? [laughter] mary: if it is from general motors, i think yes. i have ridden in one of our vehicles. they do have a safety. it's called the trainer. i have ridden in the cars in san francisco. it is quite astonishing to see what these cars are able to do. we're seeing progress and also on a weekly basis. david: do you put your foot on the brakes to stop it or do you get away from doing that? mary: i do when i'm driving with my children. [laughter] or riding, i should say. it is kind of a trained response. it is so smooth. when you are riding in a vehicle and you come up to an intersection, you look up and the light is yellow. you have to make a decision. are you going to pick up the pace and go through or come to a stop? the autonomous vehicle has sense of exactly

david: other phrases that come david: other phrases that come out lately, one is ridesharing.t is ridesharing? mary: when you are -- it is similar to a cab. you are looking to get a ride from someone. so you are going to, ridesharing versus car sharing is you will have the use of the car, whether it is a day or an hour or a month. we are participating -- we have a stake in lyft. we are participating in ridesharing and we have our own company in 16 cities across the united states where we are doing car sharing. david: you mean you drive the car for a short amount of time and then you get it back to somebody? mary: for instance, in the city of ann arbor, we have cars stationed. you go online and reserve it. you use the app to unlock it and drive it. drive it. you can return it for now, we have some services we can drop it off in a different place. david: if everyone is using car sharing or ridesharing, won't there be fewer cars sold? is that a good thing for general motors? mary: there have been a lot of studies about whether there will be more cars or less cars. think about som

david: cadillac, that's your premium.also makes the presidential limousine, which is like boprf or something. ever been in that car to see what it's like? what you cannot comment? mary: i can't comment. david: i guess the average person cannot afford to buy some thing like that. probably not. he joined general motors in it was a dominant company, then he went south for a while. what was the atmosphere like when you are working there? mary: it was very difficult. across the globe we had 220,000 people. the restructuring event was primarily in north america, but that was 100,000 people we employed today. it was a difficult time. that's when you saw the result. one of the things i think is so special that general motors is the n d women at general motors. they work so hard during that period doing what needed to be done to get the restructuring completed. david: the government put money in aenal motors. to the government get its money back in someoror another over the years? mary: we -- there was a portion of what the govern

david: i'm laughing. because frankly, i don't think the democrats are going to go along with any of this. >> right. david: but the economy is slowing down. the gdp figures were obviously, 0.7% for the first quarter. >> that's right, i think the atlanta fed revised higher, but you're right, it looks like auto sales not coming in as strong as expected. david: auto sales are down. >> what the president is facing is the swamp and he wanted to drain the swamp, the battle is the swamp winning? will he start looking like his nemesis arnold schwarzenegger who had epic battles with sacramento. donald trump is up against the d.c. elite and establish pt there. can he get it done? will tax reform happen or at minimum tax cuts. david: john tamny, it doesn't go as far as far as i'm concerned. we go from seven brackets down to three brackets and it cuts the individual income, at th that-- tax rate and the corporate rate. >> the index whether the economy is growing is irrelevant. the better point to make, the americans h

david: ok.c: we have problems where engineers would move in and put cots on the floor, and we would explain, you can do anything you want at google, but you cannot live here. you have to have a bed somewhere else. we famously encouraged people to bring pets. right? we have lots of rules about the pets. we didn't have any rules about the people. if your pet was over here, you had keep your pet over here. david: so what about the food? very unusual. you had free food for everybody. what was the purpose behind that? eric: the comment was the free food really changed everything, but the real reason we did food, and many of these things were marketed as great fun, but there was a serious business behind them. we, in the case of the food, this was sergey's idea, families eat dinner together, and he wanted the company to be a family, and so if you had people have proper good food, breakfast, lunch and dinner, they would literally work as teams, and work in whatever way made the most sense. larry and se

david: right. general petraeus: it is chilling. david: right.ou were there for how long before you were sent back to the states? david: that was about? general petraeus: that was about a year-long deployment, and i was back for a couple of months and asked to go back over quickly for an assessment for few weeks for the command, central command, and the secretary of defense on the iraqi security force effort. i reported back to secretary rumsfeld and he said great report, now go back and change out of your division and do what you recommended we do. david: have you thought that if you hadn't written such a good report that maybe you wouldn't have been sent back? or never thought that? general petraeus: secretary rumsfeld had an interesting way of giving rewards. the next tour was 15 and a half month tour in the final week or so he was literally patting me on the back. and i thought, this is really nice, and then he said, you know, on the way home, i want you to come through afghanistan. i said, that's not exactly the direct line between two point

david: people would not recognize me [indiscernible] let's leave it this way. ♪ david: i don't considerelf a journalist. nobody else would consider myself a journalist. i began to take on the life of being an interviewer even though i have a day job of running a firm. how do you define leadership? what is it that makes somebody effective? do you get tired of people asking you what it feels like to be a woman c.e.o. of any company? mary: i think i was surprised by it. when people started asking, it was a reflection on the auto industry and what people thought of the auto industry. i had grown up in it. frankly, i would not be sitting here today if the chairman and c.e.o. 20 years ago had not taken chances on developing me. now if i can be a role model for other young girls to pursue engineering careers or math and science, that is a good thing. it is a question that gets asked probably more than it should. david: when you joined general motors at 18, did you expect you could rise up to be the c.e.o. at that time? mary: i had no vision it was something i could achieve. i was studying engi

david: ok., as you look at general motors, what are the most important challenges you face in running the company? mary: right now, the auto industry is seeing more changes than we have seen in the last 50 years. think about the cars you drive today and rewind five to ten years ago. think about what you do in your car. you want your smart phone connected. a lot of safety features all around you. we are working on autonomous. you are driving electric vehicles, or you have the option to. and so when we look at how the industry is being transformed, we are changing the ways people are going to get from point a to point b. it is a very exciting time, but there is also no -- we are moving at a rapid pace because we are competing with silicon valley. david: let's talk about autonomous cars. it's a euphemism for driverless cars. people don't like to say 'driverless' because it scares people. have you been in a driverless car? your board of directors let you go in a driverless car? >> [laughter] mary: i

[laughter] david: ok.wo main companies, or i should say the three main companies in detroit that are making automobiles, chrysler, ford, and general motors do you , run into the other ceos at shopping centers? mary: not so much at shopping centers. i might have a different shopping pattern than they do. i like to shop. i would say at events. clearly at events. whether it's the detroit grand prix or a meeting such as this , often we will be in the same place. david: for relaxation, other than retail therapy, what do you do? are you a golfer? do you ski? mary: i would say at this point a lot of my free time has been dedicated to going to my childrens' sports. hockey, soccer, cross-country, football. so i'm a hockey mom and a soccer , mom. i have watched a lot of sports. as that chapter ends i'm , starting to take golf lessons. that is probably all the time i have right now. david: i would suggest miniature golf. it is left restraining. [laughter] mary: that is a good suggestion. david: when you're watching y

david: does your children treat you with more respect?ary: my son reminded me last mother's day the most important job is mom. david:heovernment put some money in general motors. did the government get its money back? mary: we will be forever grateful for what the government did. david: your board of directors let you go in a driverless car? [laughter] mary: if it is from general motors, i think yes. >> would you fix your tie, please? david: people wouldn't recognize me if my tie was fixed. let's leave it this way. all right. ♪ david: i don't consider myself a journalist. nobody else would consider myself a journalist. i began to take on the life of being an ierewer, even though i have a day job of running a private equity firm. how do you define leadership? what is it that makes somebody tick? do you get tired of people asking you what it feels like to be a woman ceo of any company? mary: i think i was surprised by it. when people started asking, it was a reflection on the auto industry and what people thought of the auto industry. i hav

♪ david: so, what did your family think?id they say that there's something wrong with this young man? he just wants to do computers? bill: it was considered a little strange. david: have you thought how much better your life would be if you got your harvard degree? bill: i am a weird dropout because i take college courses all the time. david: what about steve jobs in those days? what was your relationship with him? bill: we were both there at the very beginning. david: you are the wealthiest men in the world for 20 years or more. is that more of a burden than a pleasure, to be the wealthiest man in the world? >> would you fix your tie, please? david: people wouldn't recognize me if my tie was fixed. let's leave it this way. all right. ♪ david: i don't consider myself a journalist. and nobody else would consider myself a journalist. i began to take on the life of being an interviewer, even though i have a day job of running a private equity firm. how do you define leadership? what is it that makes somebody tick? you built one

david: cadillac is your premium, right?ntial the limousines, bombproof, have you ever been in that car, seen what it is like him are you can't comment? mary: i really can't comment. [laughter] david: ok here it i guess the average person couldn't afford something like that? what was the atmosphere like when you were working there? mary: it was very difficult. , theve 220,000 people restructuring was primarily with america, but that is 100,000 today, so itloy was a difficult time. that is where you saw the resolve. things most special general motors is the minimum women of general motors. they worked so hard through that period and did in a short period of time to get the restructuring completed. the government get its money back in some form or other over the years? portion of was a what the government provided that was loans, and they had some ownership and stock. we paid back the loans, and then they chose went to sell the stock, but there is a difference there. when you look at the reserves created because we have invest

david: how do you define leadership?e the examples in your mind of what it takes to be a great leader? lloyd: different institutions and different cultures require different things in different times. you have to be optimistic but not so optimistic that you lose credibility. you have to be willing to take a punch. you have to have a compass. you have to be, if not charismatic, then at least articulate because you have to bring people along. you have to get people to behave well. i said in the crisis to people that remember, act well now. i said this to my partners. because people are going to remember forever how you act in this critical time. so think about it. because we are going to get through this. and your reputation that you form in this period of time will stay with you forever. david: did you go for a second and third opinion just to be sure? lloyd: my whole life is about risk management and due diligence and worrying about details. the peculiarity of my being a ceo of a public company is you really can't tell a

david? david: earthquakes inside the beltway finally making waves on wall street today as traders question whether the president's political troubles will cripple capitalist pig hedge fund, and lenore hawkins, thematic research. with that smiley face i have to start on a positive note here which is bill clinton at height of all his political problems that eventually lead to his impeachment, managed to lower the capital gains tax cut and get a boom in the stock market. even if a president has serious political problems as bill clinton did youpartisan. the left and the right don't want to work together. trump faces some challenges that bill clinton didn't face in that trump has one of the lowest approval ratings of any president in history at this time. with a lot of democrats coming up for reelection in the midterm election, their constituency doesn't want to really see them working with trump. which is a bigger headwind for him. david: jonathan, the market always overreacts to the upside or

david: veterans? [applause] general petraeus: david, i have often said that those who served in the post-9/11 generation, all of whom are volunteers and raised their right hand and took an oath, likely knowing they would be asked to deploy to a combat zone. i have often described them as america's new greatest generation. something tom brokaw shouted in my ears after he saw our soldiers in the first year in iraq in the first year in mosul. and he saw all that they were doing, myriad tasks from combat to helping rebuild cities that had been damaged during the war, all of these different tasks. and he said, you know, that world war ii crowd was the greatest generation, but surely the men and women we have seen today is america's new greatest generation. and i very much believe in that. david: let's talk about how you came into the military. your father was a dutch sea captain, and he met your mother, who was from brooklyn, and they met at a church service? general petraeus: yes. david: and he later stay

melissa: david? david: with the earnings number coming out, actually it is not earning, it is a loss, tesla. first quarter results coming out any second. jonathan hoenig is still with us. gary gastelu, automotive editor is with us right now. gary, question what tesla is. it is no longer called tesla motors. they do so much everything from batteries to space travel. i'm wonder if they're into too much right now? >> space travel is separate. talking about batteries and solar panels for the roof. they're involved in a lot of things. it is this big ecosystem elon musk is trying to put together under thes it la brand. it is still primary a car company. it needs to make cars. it needs to sell cars. the next big hurdle is later this year when the new model 3 comes online. that will need to be a clean launch. they need to ramp up by the end of the year to 5000 units per week, 250,000 units per year they said they would be able to do. david: jonathan, look at that stock price. a year ago, it was $212 a share.

david: david: sicily, blake gets breaking information.re on president trump's meeting with the pope, here is pastor robert jeff press, trump faith campaign advisory member and fox news contributor. we're always happy to see you, pastor. thanks for coming on. to use a southern phrase these two gentlemen had words in the past. were you shocked as i was how well they seem to get along? >> no, i wasn't shocked along. i have been in meetings, i moderated a a meeting one time between president trump and never trump religious leaders. they came in david, all prepared to give the president a piece of their mind. by the time it was over he had disarmed them. he listened to them. they were eating out of the palm of his hand wow. >> i wasn't surprised the at all the pope and president emerged as bffs. they were willing to turn the other cheek. david: pastor, as you well know, this business channel, what intrigues us about the relationship because of the pope's critique of capitalism. i understand the catholic church's views on materialism. that is n

david: thank you. jones, thank you. i will set down with a former u.s. ambassador to nato. domestic matters, the congressional budget office released the score for the republican health care bill. they found it would increase the number of uninsured americans by 23 million. and make coverage costlier for those that need it most. here with us, our correspondent from the white house. how does this, locate thanks for the white house? we talked about this yesterday, what the white house was looking for in terms of best and worst case scenarios, so where does this fall? >> somewhere in the middle. the white house is happy that the bill says there is going to be about $119 billion in savings because of the bill and at the same time, 23 million people will be going without insurance, more than if obamacare were to stay in place. democrats are using that number to attack republicans, saying they will take insurance away from millions of people, even some republicans in the senate say that this bill is unaccept

david: ok.h: i was just doing what i always do, and that is not just trying to be a spokesperson, but listen, how can i own a piece of it, because since the days of the oprah winfrey show -- you know that worked out for me -- the biggest, greatest decision i made with the oprah show was own it myself. so the very first year we came up for renegotiation for a contract -- because my bosses at abc had given me a really hard time when i was doing "the color purple." they had said to me, you only have two weeks vacation, and i wanted to do that more than anything i want to do in my life. i said to them, i will give up my entire contract's vacation if you would just let me do the movie, so i had a smart attorney at the time, jeff jacobs, who said, you never want to be in that position again where you have to give up yourself, your life, so when the contract negotiations came around the second time, i said, what if i own the show and you don't pay me unless the show makes money? and we make money toget

david: ok.e: and i was able to play a lot during my five years of service. i was a captain in the army, field artillery, but i got to play on a number of all-army and all armed forces teams and travel around the world on temporary duty a lot during that time. david: so when you finish your military commitment -- when you go to west point, you have a commitment of four-five years. mike: five. david: you finish your commitment, then you got into coaching. where did you first coach? mike: indiana, i was a graduate assistant. i was getting my mba at indiana. coach knight was there, and i was there for one year and did not finish my mba. and i was fortunate to go back to my alma mater at the age of 28 and coach at west point. we took over a program that had seven wins and 44 losses in two years. i got the best start that you could get going there. david: you coach there, then duke was looking for a coach, and they interviewed you. your coaching record the year before you were hired was i think 9-16.

david: fred?rry, michael. >> you know, i have known general flynn for 20 years as well. i agree, let's say that memo is correct. i, agree that general flynn with a good guy, all i would say, let's see what happens, so far we have two friends of comey saying they have seen a memo that says this, and "new york times" said they have not, it would be nice to see what happens, i don't defend everything that the administration does, i was on the show to defend the mcmasters comments but flynn, was a good guy, he is a good guy, always an against russia guy when i knew him, these reports of collusion, i believe with all reports if there was collusion between trump administration and russians, the washington post and "new york times" would have it already. david: judy is it note -- isn't it time to release this information, i understand a lot is sensitive. both democrats and republicans, seems there a growing consensus to cut through the selective leaking and bring the information out so that american peop

david? david: all right. adam, thank you very much. here is what really separate this is budget from those of previous administrations. according to cbo director mick mulvaney, take a listen. >> we haven't spent nearly enough time focusing our attention on people who pay the taxes. i got a couple questions yesterday, i know i will today about compassion. compassion needs to be on both sides of equation. you have to have compassion from folks receiving federal funds you have to have compassion for folks paying it. david: david stockman, former reagan budget director, and "trumped" author. david, isn't it nice finally somebody who has concern for those of us who pay so much of our paycheck in taxes? >> yes, exactly, at last. also focus on balancing the budget after with run up 20 trillion of debt in the last two or three -- david: they say they can do it in 10 years. do you believe them? >>pplaud ther the target. the math of getting there is totally unlikely or impossible but at least they laid out a target and have 3 trillion worth of r

david: i'm david asman. glad you could join us for the "after the bell." sean spicer back at podium at the white house. peppered with question on reportof back channels to russia and shake-up in the communications staff. we'll take you live to the white house for the latest. look at this. tempers flaring as a texas legislative session gets physical. protests and threats emerging over a law banning sanctuary cities in the state. we'll speak with one state lawmaker behind a bill who was a witness to that fight. >>> don't mess with our flag. we'll be speaking with two veterans who are fighting a local ordinance would prohibit them flying the "stars and stripes" in their own homes. why? we'll ask them. melissa: goldman sachs, jpmorgan, exxonmobil among today's biggest drags. go straight to nicole petallides on the floor of the new york stock exchange. nicole, markets as a whole seem to sit tight until tomorrow's big jobs report. big stocks closing at brand new record highs. >> that's right. great to see some names that everybody holds in their 401(k)s, ira's.

david: brad, quick last word. >> david, this was amateur hour.s been pulled from the air because it violated defense department rules showing an active duty military officer. david: defense department rules? >> his political team doesn't even know how to put ads on the air. total amateur hour over there. david: i didn't know defense department rules. that is new one on me. i appreciate you being here. you too, kristen. melissa: so in the united states anarchists flooded the streets but overin cuba one man risked interrupting a communist parade to wave an american flag. wait. david: wait until you see this. and markets continue to rise and fall... to help protect what you've earned and ensure it lasts. introducing brighthouse financial. a new company established by metlife to specialize in annuities & life insurance. talk to your advis about a brighter financialuture. the toothpaste that helps new parodontax. prevent bleeding gums. if you spit blood when you brush or floss you may have gum problems and could be on the journey to much worse. help s

david: we got to go. we're geing a little reaction to what zeke said and steve forbes and carol roth. what we just heard was essentially an explanation of what is possible, what could work, what should be working but it's not working. people see that their health care coverage is getting less efficient, costing a lot more money and insurers are leaving the states. i just wonder all these architects of social welfare plans whether for obamacare or something else, once they get down the road their vision stays the same but reality becomes further apart from the vision. >> this is what happens when you have a top-down third party system, david. it doesn't work because socialism doesn't work f you have a normal market where consumers make the decisions instead of third parties like the government, insurance companies, big employers, insurance will work. melissa was absolutely right. i don't need pregnancy services but i'm forced to buy it. young people under obamacare are grossly overcharged for insurance, so

david: trump bump. cbs star stephen colbert is doubling down on vulgar joke he made regarding president trump. responding to growing backlash about remarks he made about the president. the late night star said he is not story sorry. >> if you saw my monologue on monday because i was upset with donald trump insulting a friend of mind. at the end of that monologue i had a few choice insults for the president in return. i don't regret that. while i would do it again i would change a few words that were cruder than they needed to be. davi words that we're not going to mention here. here is howard kurtz, fox news media analyst and "mediabuzz" host. good to see you, howie. are folks at cbs worried about this? >> they should be. stephen colbert gotten a big surge in the ratings as he has gotten full anti-trump but this joke was so far beneath him a sex joke between trump and putin, i was surprised he didn't come out look, folks i'm sorry, that one went too far. instead as you said he doubled down. he decided t

david? david: thanks, alix.back to this question, what happened it did not happen between at the eye director james comey and donald trump. several lawmakers broke out on the subject. >> mr. comey is alleging the president did something toppropriate, i do not want read a memo, i want to hear from him. schumer: i was shaken by the report from the "new york times" that the president tried to shut down an act to fbi investigation into a close political associate. >> we are to ask the directors come in to testify. that ought to the first step here to we ought to ask if there are notes, notes taken around become a station, i think it would be very powerful evidence as to what to lay's and the conversations. david: we are now joined by congresswoman nita lowey. she is ranking member on the appropriations committee in the house her and she was my congresswoman until they redistricted her out. reactthe news, we have to to the reports overnight about the president. we heard from several of your colleagues saying this is

david.the bond investor who predicted donald trump's win is now making another bold call three jeffrey good luck suggest, shorting the s&p 500 index, going on on emerging-market stocks despite conventionalas to u.s. rates will lead to a stronger dollar. i look at reaction to that call. what stuck with martin gilbert, the ceo of aberdeen asset management. joins me in new york, great to see you in person. but they start with your reaction. how up to mystic are you about emerging markets right now? >> without for tough years. this is the first quarter -- it flow in. aboutre optimistic emerging markets than develop markets at the moment. that has been a big swing with investors. you do a lotntion of approach and asia. how do you approach the asian market? there's good -- >> there's good and bad markets. the the key is to choose the good -- companies and good markets. for us, especially in southeast asia, these are countries we would like at the moment. david: is there a particular sector with in

david: that's good. gary kaltbaum, kaltbaum capital management, fox news contributor, kevin kelly recon capital partners. on one hand paul ryan singing optimistic tune. on other hand we heard from wilbur ross, no way we get to 3% growth this year, who do you believe? >> if the tax cuts do not get done sooner rather than later it will be very tough to grow 3%. you have to remember the federal government will spend $4.1 trillion this year. that is coming out of the economy. that is coming out of our hide. no way with the trajectory hetry of government spending coming out of the economy we can do better. they're killing the economy with government spending. they have to do something different. david: gary, the first quarter was so lousy at 0.7% growth, we would have to grow over 4 percent for the remaining three quarters in order to get to 3%? >> just realize another part of the equation. we're 3/4 fed funds rate and around the globe they have negative rates. if we can't get get going with that we have to d