who better to tell us what this all means than former secretary of defense donald rumsfeld.is the author of a new memoir of his time in the ford administration. gerald ford in the rescue of the american presidency. mr. secretary, it's great to see you. haven't seen you in a while, thanks for stopping by tonight. i want to start with the big news of the day, the president's decision to move the capital of israel to jerusalem. why is everybody so upset about the timing given the fact that this has basically been on the books since 1995? a huge bipartisan support, most presidents, all the presents i can think of said they were going to do it and they didn't. >> i guess the reason it's an issue is because there are countries around the world that would prefer that it had not been done. it's a no-brainer. it's the right thing to do. president trump made the right decision, he stepped up and did it. it's inevitable that there will be some criticism about it. but i just can't imagine any country in the world that doesn't believe that they have the right to have their capital where

we will talk about it in a rare interview with former defense secretary donald rumsfeld. don't and you want to stay till the end of the show tonight where i will deliver a special message on "time" magazine's farcical person of the year choice. but first, the desperate political warfare of the left. that's the focus of tonight's angle. i'm going to explain to you what is really behind all these calls on capitol hill suddenly for al franken to resign from the senate. at last count 34 democratic senators, look at them all their are demanding that he step down in the wake of a string of harassment allegations that we've been hearing about now for days. before you join the march to the castle to capture the monster, i have a word of caution. they've come down with a sudden case of feverish morality, but what it really is is nothing more than a political calculation by the dems. look, they have two paths to destroy the president. the first is the mueller investigation. we've been talking about how that is corrupted of course. last night with jeannie reed, yet another prosecuto

dick cheney donald rumsfeld condoleezza rice paul wolfowitz douglas feith these are the advisors who have pushed his ear. joe wilson a career diplomat witnessed the rise. they came into office with the republican party and particular with the staffing done by the vice president and his office and the secretary of defense in his office. referred to his neo conservatives they have ties to the world of oil to the defense industry they are strong proponents of american global domination. saddam hussein softened by years of sanctions is in. an evening of nine eleven the president saying well maybe you know we will be going after iraq now and somebody said well. that would be a guess since international law. the president responded i don't care it was going to kick a few days after the world trade center. and the pentagon were attacked the president was at camp david with his senior officials and mr wolfowitz was selling the president. the rock and saddam hussein is the real problem. new goals were defined change the regime in baghdad and subjugate iraq a simpler objective than that of des

was get since americans began fighting in afghanistan was in december of 2002 by then secretary donald rumsfeld. global news 24 hours a day, powered by more than 2700 journalist and analysts in more than 120 countries. i am emma chandra. this is bloomberg. shery: thank you. coming up, the tax bill aftershock, details of a provision in the newly passed law that would fit some of the biggest foreign banks operating in the u.s. this is bloomberg. ♪ ♪ shery: this is bloomberg markets, i am shery ahn. frivolous sex from the tax bill could make it beyond u.s. borders as a provision in the provision from the tax bill could make it beyond u.s. borders. goldman sachs announced that it will take a $5 billion to hit to its profits because the repatriation tax. this.talk about a new provision, tell us what it does. it is supposed to catch money that is shifted abroad. now that u.s. tax is much lower, more copper bowl to the rest of the world. we -- more comparable to the rest of the world. whatever you make, where a remake was tax of the u.s. rate now but you make money overseas, a lower rate. provisions,e

americans begin fighting in 2002 bytan since secretary donald rumsfeld.up, record cold grips uch of the northwest. dozens of cities are setting daily called records because of the arctic blast. the deep freeze is expected to hang around through next week. global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. ♪ cory: this is the "bloomberg technology." i am cory johnson. bitcoin trading after a selloff yesterday, nevermind. bitcoin bouncing off lower $14,000 atl above the close. this is after south korea curb speculation and suggested retail customers might not he able to trade it everywhere they want. has droppedcurrency from a record high at $19,511. among the largest holders, cameron and tyler winklevoss founded a crypto currency exchange called gemini. why they made such an early big bet on this asset in 2013. >> we think bitcoin is like cold 2.0. whatever your reasons for investing in cold, scarcity, , bitcoiny, fungibility matches or beats gold across the board in all those catego

guantanamoo visit since donald rumsfeld in january of 2002 just weeks after the prisoners arrive fromfghanistan in early stages of the u.s. fight against terrorism. in catalonia, deciding to back political parties are those that want to stay in. neither side having a clear majority in the regional parliament. declaredt lawyers independence. it could cause or upset huge fire still smoldering. the blazes about 60% contained in the second largest in california history. firefighters attacked southern sections of the blaze from the air because terrain near the city was too rugged. dayle news 24 hours a powered by more than 2700 journalists and analysts in over 100 country countries -- 120 countries. prime minister theresa may tries to shore up alliance inside the eu. talking growth and uncertainty over brexit and how bank of america is coping with protracted negotiation. >> it's about 1.25 or 1.5 type of level. you think it is caught up with itself. the restructuring of the financial sector. it will not hurt the economy. the big wild card is how brexit will fallout and you don't know negot

. >> donald rumsfeld says it is inevitable that people will not like move he just made but there's aeason the american people put him in office. >> the idea of the behavior or conduct or positions being taken by the president of the united states are ruining our image around the world is a massive overstatement. the reality is the american people made a conscious decision to put in the presidency of the united states someone who have never served in government, military or civilian. has there ever been a president who never served? why did they do that? they did that because they wanted someone who never served in government and that is what we have got, he does not behave like an establishment politician and that is hard for establishment politicians and establishment media, it is not the normal behavior of a seasoned politician. jillian: house republicans demanding answers about the fbi agent kicked off of the special councils russia probe. heather: what those anti-trump text messages could mean for couple investigations. >> reporter: the capitol hill hotseat welcomes a high profil

donald rumsfeld will be among the speakers. it happens on saturday at lincoln financial field. >>> today 32 feet of greenery and lights will come to life. i love the tree lightings. it will happen this evening in front of camden city hall. look for performances from the brass ensemble. the event starts at 5:00. ♪ >>> the eagles looking to get back to their winning ways. count on us to get you ready for the match up. it all starts sunday morning at 9:30. we start you early with game day kickoff. more right here on nbc 10. tonight is football night in atlanta. coverage starts right here. >>> they have chosen its color for 2018 it is ultraviolet. a spokesperson says it evokes a counter culture flare and visionary thinking who liked to use purple lighting in his performances. you'll see it pop up in home design fashion in the coming year. >>> spending more than frp this holiday season? how it could be a record setting shopping season. >>> and why experts say people are safer behind the wheel these days. >>> our rekrentd stretch of

remember on september 10, 001, donald rumsfeld will a press conference where he said hat there are 2.1 million dollars missing from the pentagon budget. recently come into the news that the actual number department of defense h.u.d., housing and urban development. we are up to about $21 trillion taxpayer money. ould either of you comment on that? you just have to google it and that even forbes magazine mentioned it. lot of ms like an awful money. to t: i can't speak of icular dollar figures what we often refer to as waste, fraud and abuse in the federal government. i think say one of congress's fundamental responsibilities is to oversee the conduct of the branch.e and one thing we see over time oversight is that responsibility atrophy. not across the board. good e examples of congressional oversight but it s definitely the case congress does less oversight. is the appropriations process. that is historically a place for oversight can happen at the appropriations committees as that proposals and rocess has gotten less robust and relies more on continuing esolutions and omnibus bills tha

while she might have reported to general kelly, remember, donald rumsfeld offered his letter of resignationo president bush several times. each time he said no. if he wanted to keep omarosa around he would have said, i appreciate you, i need to you stay. >> you should know better. >> i just wanted to say, you should know better, paris. >> i should know better for what? >> she had no political experience. republicans didn't know her. and democrats didn't like her. so how is that going to -- how are we going to use that to message the community when she's not even credible or well liked by the black community. >> shermichael, stand by. could energized black voters, women and young black people threaten the trump president den densecy in the midterms? ♪ if you have moderate to severe plaque psoriasis,... ...isn't it time to let the real you shine through? maybe it's time for otezla (apremilast). otezla is not an injection or a cream. it's a pill that treats plaque psoriasis differently. with otezla, 75% clearer skin is achievable after just 4 months,... ...with reduced redness,... ...thickness

we will talk about it in a rare interview with former defense secretary donald rumsfeld. you want to stay till the end of the show tonight where i will deliver a special message on "time"

arthur laffer was having dinner with four administration officials, including dick cheney and donald rumsfeld drew a curve to illustrate his theory. government spending doesn't stimulate demand and heavy taxes can stifle the economy. on one end of what we call the laffer curve, the government taxes everyone at zero percent so it gets no revenue. it if it taxes at 100%, the same thing would happen. no revenue because nobody has incentive to earn or spend. he concluded that lower taxes would spur the economy. his supply side economics became a cornerstone of president ronald reagan's economic policy. resulting in one of the biggest tax cuts in history and tax revenues soared thereafter. his napkin resides in the smithsonian. but critics still think the trickle-down theory of economics does not work. joining me economist and former economic adviser to president ronald reagan is dr. arthur laffer. you premise something, you get less of it tax something less, you get more of it when you tax less, you don't necessarily create enough revenue to make up for the loss of revenue, is that accurate? >> t

all right, you guys give me three puns about donald rumsfeld's penis. >> okay, schlongald nuts-feld!-dong rumsballs! >> brilliant! no wonder we win emmys! ( laughter ) all right. >> stephen: what about me, jon? what do i do? >> stephen, i guess just arch your eyebrow or something. makes people think you're smart. >> stephen: got it! ( cheers and applause ) >> but first, before we do anything, our traditional pre- show prayer. hands in, everybody. >> okay. >> goooo, liberal agenda! ( cheers and applause ) >> stephen: stick around, everybody. all these people are on the show tonight. we'll find out how much of what we just said was real. ♪ ♪ lookin' good in here! now it just needs a tv! we can just order one on target.com and pick it up in the store. easy! you got this? can you add a vacuum to that order? order online at target.com and pick up in store. blue moon is brewed mwith valencia orange peel, for a taste that shines brighter. stores are now open 24 hours. take an extra 20% off when you spend $100 or more! and get kohl's cash for you! short on time? buy online and pick up free i

this is a time bhi think what a friend of mine donald rumsfeld used to say, weakness is provocative.pure competitors, russia and iranians, even north korea is imposing credible threats. the needless deaths of servicemen and possibly a lot of others of us if this is not remedied right quick. charles: thank you very much for your expertise. >>> next, economic momentum getting stronger after another historic day on wall street and washington. we'll discuss it next. charles: ground breaking day on wall street and washington, stock market rallying to their record close, fed raises rates. but markets did not blink an eye. republican law makers, this close to gets that tax reform across the finish line. can we keep it going? back with me liz and katy. katy, the market is just been amazing. underpinnings of the economy have been an amazing untold story in my opinion. washington may be getting its act together on the republican side we have good momentum going right now. >> we do. with recent polls in terms of favorability toward trump and the economy, they are higher than his general perform

so while she might have reported to general kelly, remember, donald rumsfeld offered his letter of resignation times and each time president bush said no. if president trump wanted to keep omarosa around he would have said omarosa, i appreciate you, i need you, you need to stay and she would have stayed. >> you should know better. >> go ahead, ayshia. >> i just wanted to say you should know better, paris. >> i should know better for what? >> she had no political experience. she's never worked in any capacity. no relationships on either side of the aisle. republicans didn't know her. and democrats didn't like her. so how is that going to -- how are we going to use that to message the community when she's not even credible or well liked by the black community? >> shermichael, stand by. stand by, everyone, because we're going to come back. i'm going to keep you guys and hold you over the break. when we come back, could energized black voters, women and young people, the biggest threat to the trump presidency in the coming mid-terms, could they be? we'll talk about that coming up. it's date night

he is the first defense secretary to visit guantanamo since donald rumsfeld in january 2002, just weeks first prisoners arrived from afghanistan in the early stages of the fight against terrorism. global news to me four hours a by 2700 journalists and analysts in over 120 countries. banks stand to be some of the biggest winners from the republican tax overhaul, coming after the industry endured a substantial revamp in the wake of the financial crisis. the question is whether banks should be taking on more risk to grow faster, or whether there are ways to grow within a reduced risk profile. that is where we started with brian moynihan in an exclusive interview. -- eight lines of business, strategies. we want people to think about , underneath the crisis, we are making tremendous investments. we have to grow, no excuse. we have to win in the marketplace. the second part of responsive growth is to do it on a customer focused basis. for us to make an acquisition, we have no desire -- it is all organic, customer driven. the third part is risk. in good times, you have to be more careful with

he's the first american defense secretary to visit gitmo since donald rumsfeld did some 15 years ago.e president, raul castro says he'll stay in office a little longer than expected. he will step down as cuba's president on april 19th. that's two months longer than originally planned. the 86-year-old has led the country since 2006. of course he took over for his brother, fidel who retired due to health issues. recovery from hurricane irma was the reason for delaying the presidential election from now till april. >>> papa john is stepping down as ceo of papa john's. the pizza company's founder says john shatner will be replaced on january 1st. it comes about two months after he said the nfl anthem controversy was slowing sales growth. papa johns is a nfl sponsor. the company later apologized for shatner's statement. he will remain as chairman of the board. >>> so facebook is changing the way it identifies fake news stories. it is dumping its system of red flagged icons next to the stories flagged as false. now such articles will have related articles next to them from reputable news so

the first visit to gitmo since donald rumsfeld in 2002. >> laura: a fox news alert.ity council will discuss president trump's controversial decision to recognize jerusalem as israel's capital. the president in recent days warning other nations that a vote against the u.s. will have consequences. >> president trump: for all of these nations that take our money and then they vote against us at the security council or they vote against us potentially at the assembly, they take hundreds of millions of dollars and even billions of dollars and then they vote against us. we're watching those votes. let them vote against us. >> laura: rick leventhal joining us now from the united nations, hi, rick. >> the president threatening to put a lump of coal in the stockings of nations to vote against the u.s. 29 speakers from signed up for their five minutes to weigh in on the resolution proposed by turkey and yemen that calls upon all states to refrain from putting embassies in jerusalem and recognizing it as israel's capital as the president announced he would. the same resolution

remember on september 10, 001, donald rumsfeld will a press conference where he said hat there are 2.1 million dollars missing from the pentagon budget. recently come into the news that the actual number department of defense h.u.d., housing and urban development. we are up to about $21 trillion taxpayer money. ould either of you comment on that? you just have to google it and that even forbes magazine mentioned it. lot of ms like an awful money. to t: i can't speak of icular dollar figures what we often refer to as waste, fraud and abuse in the federal government. i think say one of congress's fundamental responsibilities is to oversee the conduct of the branch.e and one thing we see over time oversight is that responsibility atrophy. not across the board. good e examples of congressional oversight but it s definitely the case congress does less oversight. is the appropriations process. that is historically a place for oversight can happen at the appropriations committees as that proposals and rocess has gotten less robust and relies more on continuing esolutions and omnibus bills tha

rishaad: depends on how many times donald rumsfeld gets -- on that one. couple of rate hikes. three in the u.s. i think one thing i was looking t, the output gaps are significantly different to what we had at the beginning of this year. that's something you're looking at as perhaps where inflation may come from ultimately. tell me about that. >> we are still quite dovish with our forecast on the fed hike. we have only seen two fed hikes. we actually think the fed will be on hold until june. the new chairman will come in nd see how things are going. it will gradually move higher. looking at the outputs, the key that we are basically forecasting and think inflation will go up and leads to high volatility on the equity side and the fixed income side. gaps have closed globally and will move into a surplus. naturally should lead to higher wage inflations. wage growth should pick up. something positive initially. it could mean higher consumption. the central banks more on alert. maybe more hawkish than what the market is expecting. rishaad: people have been say

i will tell you -- when president went into the military -- do you are member what donald rumsfeld saidwe have to go to war with what we got. here come trump -- trump do not know what he is doing. i agree with the other guy before. president obama done more for the military -- housing, education. and try to get them paid. we didthe republicans -- not get no pay. and our benefits -- he tried to get our benefits. people do not realize that george w. bush put a bunch of people in the administration to stop the veterans from getting their benefits. when people are talking about the military -- i am a vietnam veteran. i fought in vietnam, all the way down through the years. before saudi arabia. we did not have no different pay for a vietnam veteran. but they want to make all of this thing about the gulf war victims. i am a veteran. if you are a soldier, you are a soldier. do not go telling you are a gulf war veteran. i am a soldier, too. i fought in battle, too. i do not like the device they do. as for the vice president, they are a disgrace. i have my friends in germany saying, we talk back

gathered in advance of today's army/navy game inspiration american heroes like former secretary donald rumsfeldgan the travis manion foundation five years ago with five words if not me then who? we have been able to take that movement and stretch it across the country. what better way to teach next generation of life of character than to share the stories of the men and women who volunteer to put on our nation's uniform and to step forward and serve? griff: when you travel as do you all across the world and country and you see a young service member maybe weary, what do you say to him? >> i walk up and look at him and say you know, there is an awful lot of us that really appreciate what you are doing. those men and women represent patriotism to be sure. character to be sure. but also qualities of discipline. and determination. which are characteristics we all admire. every single person serving in the military is there because they want to be there. they have raised their hand and said send me. god bless them. >> i'm inspired every single day by our future leaders. seeing what the young men and

rumsfeld with help from an assistant named dick cheney pulled the presidency out of the nosedive. >> but gerald ford was a much different man than donaldld trump is impulsive. he goes by the gut. he doesn't like listening to anybody. we're already hearing stories about how people get around john kelly, they call melania and ask her to pass him information or he calls people from the residence and says don't say anything to the chief of staff, this is according to the reports out there. >> there's no question about it. donald trump is a completely unique animal. he is very difficult to discipline. it could well be mission impossible. but at the same time, it makes kelly's responsibility even more important. you know, this white house chief of staff more than any of his predecessors is the thin line between the president and disaster for us all. when you look at his impulsive -- the president's impulsive nature and the tweets taunting north korean dictators, we could go on and on. that's -- those are the stakes for this white house chief of staff. >>> coming up, a top utah newspaper tries to bring down republican orrin hatch. why a scath