we turn right to david nelson, chief strategist. good morning to you.x reform plan, people getting frustrated. an april survey of global fund managers bank of america, merrill lynch, that is the highest ever. the stock market is overvalued. her thoughts. >> yeah, maybe on that front that is true. they look around the world coming to get geopolitical problems in every corner of the planet. the nuclear threat to the korean peninsula. elections coming up this sunday in france. he talked about it earlier with the russian bombers off the coast of alaska. the real problem for investors right now is friday in washington. the failure of the health care package was sent back the agenda for the trump administration, especially regarding tax reform. paul ryan is talking about an end of summer bill coming out, but it's going to be watered down. we are looking to unwind 77,000 pages of tax code. now we are only talking about a tax cut at the corporate level. that would be good news, but we need border. lauren: is this a lower market? >> i'm not one of those armagedd

i'm here with david nelson as well as mercedes schlapp and i believe jose ariste munoz is here with us as well. this is perhaps an example of what is to come, david, here. this is a president who has pain anded on the premise that we need fairer trade agreements. that what's happening is not right and he has put wilbur ross in charge of trying rectify this. is this perhaps a warning. >> i think it'ar that the administration wanted to get wilbur to put the world on notice. there's a new sheriff in town. numbers are relatively small. trish: he's only going to make a billion dollars off of it. >> obviously a bigger message and translate not only to the northern border and the southern border but here and u.s. businesses have problem trying to get access to the chinese consumer, you have to partner with a chinese company, hand over intellectual property and they say hasta man jana. trish: and off they go, we have to play hardball with them. jose, canada is our number two trading partner, used to be number one trading partner, china has overtaken it as of 2015. our number one trading partne

the panel, daniel dimartino, and david nelson, and josh feinman from deutsche bank management.er leak stuff. get to that. the minutes, to me what stuck out. two things. danielle, tell me what stuck out to you. >> debate actual shrinkage. >> no timeline. >> shrinkage strategy. >> according to our viewers, do you think the stock market comment on stock market valuations? >> it always makes me uncomfortable. never happy when they do. >> shrinkage. >> shrinkage. well, different. >> seinfeldian. >> shrinkage. shrinkage. it tells you that not only are they talking abbott hadding their labor mandate, inflation mandate and also verbally concerned about financial instabilities. the third leg. >> should the -- stock prices? >> u.s. prices rising sharply. not clear how to do the unwind all at once or -- >> look, the market anticipating they're going to be kind, gentle and taper the roloff and only target high, long maturity bonds so that you, so they don't invert the yield curve abruptly. for them to discuss are we going to let the whole thing go? a surprise to the markets. that should be

davidl also be joined by spencer, nephew of nelson rockefeller and founder of practically republican. and david o'sullivan will join us, the european union ambassador to the united states. british prime minister theresa may formally begin the process to leave the european union. that is tomorrow on the washington journal at 7 a.m. eastern, 4 a.m. pacific. in the meantime, have a great saturday. [captions copyright national cable satellite corp. 2017] [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org] , next, the house committee considering legislation to make president trump's tax returns public. then fbi director james comey on the bureau's role and cyber security. then a house floor debate to block the obama administration rules on internet privacy. >> this week in c-span cities tour with help of our comcast cable partners will explore the literary scene and history of chico, california. about the founder , the life and writings of pioneer. >> starting with days in the relationship with the united states dep

thank you for the honorable art who certificate of occupancy be with us and nelson, and bradley hall al and robert, and sam david and sandra hernandez. >> (clapping.) >> all those people have nurtured and significantly helped to implement this vision but today's slkts not complete without honoring the honorable senator mark leno it is my privilege to award a marking marching mark with an open house appreciation for his support of openhouse and dancing lgbt issues and in our city and state mark authorized the landmark legislation but mandates the california department of aging and local aging agencies including the lgbt community, planning and assessment of activities to create responsive programming and services to meet the needs of lgbt elders marks landmark legislations guess is a model of lgbt outreach and inclusive deliveries for area agencies nation wide the foundation on which all lgbt elderly serving nonprofits has built and continues to build a safety net of services for the most vulnerable community members thank you, mark. >> (clapping.) >> mark leno is turned out out of california senate oh. >> oh. >>

thank you for the honorable art who certificate of occupancy be with us and nelson, and bradley hall al and robert, and sam david and sandra hernandez. >> (clapping.) >> all those people have nurtured and significantly helped to implement this vision but today's slkts not complete without honoring the honorable senator mark leno it is my privilege to award a marking marching mark with an open house appreciation for his support of openhouse and dancing lgbt issues and in our city and state mark authorized the landmark legislation but mandates the california department of aging and local aging agencies including the lgbt community, planning and assessment of activities to create responsive programming and services to meet the needs of lgbt elders marks landmark legislations guess is a model of lgbt outreach and inclusive deliveries for area agencies nation wide the foundation on which all lgbt elderly serving nonprofits has built and continues to build a safety net of services for the most vulnerable community members thank you, mark. >> (clapping.) >> mark leno is turned out out of california senate oh. >> oh. >>

thank you for the honorable art who certificate of occupancy be with us and nelson, and bradley hall al and robert, and sam david and sandra hernandez. >> (clapping.) >> all those people have nurtured and significantly helped to implement this vision but today's slkts not complete without honoring the honorable senator mark leno it is my privilege to award a marking marching mark with an open house appreciation for his support of openhouse and dancing lgbt issues and in our city and state mark authorized the landmark legislation but mandates the california department of aging and local aging agencies including the lgbt community, planning and assessment of activities to create responsive programming and services to meet the needs of lgbt elders marks landmark legislations guess is a model of lgbt outreach and inclusive deliveries for area agencies nation wide the foundation on which all lgbt elderly serving nonprofits has built and continues to build a safety net of services for the most vulnerable community members thank you, mark. >> (clapping.) >> mark leno is turned out out of california senate oh. >> oh. >>

thank you for the honorable art who certificate of occupancy be with us and nelson, and bradley hall al and robert, and sam david and sandra hernandez. >> (clapping.) >> all those people have nurtured and significantly helped to implement this vision but today's slkts not complete without honoring the honorable senator mark leno it is my privilege to award a marking marching mark with an open house appreciation for his support of openhouse and dancing lgbt issues and in our city and state mark authorized the landmark legislation but mandates the california department of aging and local aging agencies including the lgbt community, planning and assessment of activities to create responsive programming and services to meet the needs of lgbt elders marks landmark legislations guess is a model of lgbt outreach and inclusive deliveries for area agencies nation wide the foundation on which all lgbt elderly serving nonprofits has built and continues to build a safety net of services for the most vulnerable community members thank you, mark. >> (clapping.) >> mark leno is turned out out of california senate oh. >> oh. >>

thank you for the honorable art who certificate of occupancy be with us and nelson, and bradley hall al and robert, and sam david sandra hernandez. >> (clapping.) >> all those people have nurtured and significantly helped to implement this vision but today's slkts not complete without honoring the honorable senator mark leno it is my privilege to award a marking marching mark with an open house appreciation for his support of openhouse and dancing lgbt issues and in our city and state mark authorized the landmark legislation but mandates the california department of aging and local aging agencies including the lgbt community, planning and assessment of activities to create responsive programming and services to meet the needs of lgbt elders marks landmark legislations guess is a model of lgbt outreach and inclusive deliveries for area agencies nation wide the foundation on which all lgbt elderly serving nonprofits has built and continues to build a safety net of services for the most vulnerable community members thank you, mark. >> (clapping.) >> mark leno is turned out out of california senate oh. >> oh. >> mar

thank you for the honorable art who certificate of occupancy be with us and nelson, and bradley hall al and robert, and sam davidnd sandra hernandez. >> (clapping.) >> all those people have nurtured and significantly helped to implement this vision but today's slkts not complete without honoring the honorable senator mark leno it is my privilege to award a marking marching mark with an open house appreciation for his support of openhouse and dancing lgbt issues and in our city and state mark authorized the landmark legislation but mandates the california department of aging and local aging agencies including the lgbt community, planning and assessment of activities to create responsive programming and services to meet the needs of lgbt elders marks landmark legislations guess is a model of lgbt outreach and inclusive deliveries for area agencies nation wide the foundation on which all lgbt elderly serving nonprofits has built and continues to build a safety net of services for the most vulnerable community members thank you, mark. >> (clapping.) >> mark leno is turned out out of california senate oh. >> oh. >> m

thank you for the honorable art who certificate of occupancy be with us and nelson, and bradley hall al and robert, and sam davidand sandra hernandez. >> (clapping.) >> all those people have nurtured and significantly helped to implement this vision but today's slkts not complete without honoring the honorable senator mark leno it is my privilege to award a marking marching mark with an open house appreciation for his support of openhouse and dancing lgbt issues and in our city and state mark authorized the landmark legislation but mandates the california department of aging and local aging agencies including the lgbt community, planning and assessment of activities to create responsive programming and services to meet the needs of lgbt elders marks landmark legislations guess is a model of lgbt outreach and inclusive deliveries for area agencies nation wide the foundation on which all lgbt elderly serving nonprofits has built and continues to build a safety net of services for the most vulnerable community members thank you, mark. >> (clapping.) >> mark leno is turned out out of california senate oh. >> oh. >>