cuba trade an economic development council and before we go stephen hawking has passed away we'll spend a few more months moments on his remarkable life all that's coming up but first let's get to some hot headlines. breaking news a say afternoon financial pundit t.v. personality larry kudlow is going to be the next director of president trump's council of economic dividers advisory rather reuters reported that carlos said the president offered me the job last night and i accepted the any c. director is officially the principal economic advisor to the president the recent departure of former goldman sachs president and c.e.o. gary. cohen from the post over tariffs had rattled investors kudlow has criticized the president all over tariffs but reportedly became convinced of the merits after trump agreed to soften the impact on u.s. allies like mexico and canada in response to carlos' concerns. and the organization for economic cooperation and development or o.e.c.d. d. is pushing for an international dialogue to reduce trade frictions and prevent a cycle of tit for tat trade war escalatio

cuba trade an economic development council and before we go stephen hawking has passed away we'll spend a few more months moments on his remarkable life all that's coming up but first let's get to some hot headlines. breaking news to say afternoon financial pundit t.v. personality larry kudlow is going to be the next director of president trump's council of economic dividers ad buy it or rather reuters reported that kudlow said the president offered me the job last night and i accepted the any c. director is officially the principal economic advisor to the president the recent departure of former goldman sachs president and c.e.o. gary cohen from the post over tariffs had rattled investors kudlow has criticized the president over tariffs but reportedly became convinced of the merits after trump agreed to soften the impact on u.s. allies like mexico and canada in response to concerns. and the organization for economic cooperation and development or o.e.c.d. is pushing for an international dialogue to reduce trade frictions and prevent a cycle of tit for tat trade war as. elations the o.e

raiden economic development council and before we go stephen hawking has passed away we'll spend a few more months moments on his remarkable life all of that coming up but first let's get to some hot headlines. breaking news this afternoon financial pundit t.v. personality larry kudlow is going to be the next director of president trump's council of economic dividers advisory rather reuters reported that kudlow said the president offered me the job last night and i accepted the any c. director is officially the principal economic advisor to the president the recent departure of former goldman sachs president and c.e.o. gary cohen from the post over tariffs had rattled investors kudlow has criticized the president all over tariffs but reportedly became convinced of the merits after trump agreed to soften the impact on u.s. allies like mexico and canada in response to carlos' concerns. and the organization for economic cooperation and development or o.e.c.d. d. is pushing for an international dialogue to reduce trade frictions and prevent a cycle of tit for tat trade war escalations the

the secretary of the department of economic development announced a new advisory council initiative to help develop and attract blockchain business to the island? we are welcoming, with open arms, blockchain technology for puerto rico because we know there is a huge potential for the island. >> reporter: t insendives make puerto rico an appealing destalation. specif act 22, which says if you become a resident of essentially pay no taxes on long term capital gains. it's at the main reason cryptocurrency investors and blockchain entrepreneurs have d moveown to the island. >> this is one of the best places to put a start-up company. the tax incentives are incredible for a start-up. the talent doesn't here is incredible. >> reporter: thompsonke decidedo the move to the island in drone storage andcs analyti company utilized the tax incentive for his business and himself personally. challenges exist. while over 90% of the island's power has been restored many residents tell us they still deal with a power outage on a weekly basis. a few entrepreneurs social media told us while the governmt i

speeches in munich and at the mansion house setting out the future security and economic partnerships we want to develop the council also agreed guidelines for the next stage of the negotiations on this future relationship which must rightly now be our focus while there are of course some clear differences between our initial positions the guidelines are useful starting point for the negotiations that will now get underway and i welcome the council restating the e.u.'s determination to have as close as possible a partnership with the u.k. and its desire for a balanced ambitious and wide ranging free trade agreement for i believe there is now an opportunity to create a new dynamic in these negotiations the agreements our negotiations have reached on the withdrawal agreement and to the implementation period our proof that with political will and with the spirit of cooperation and a spirit of all. but unity for the future we can find answers to difficult issues together and we must continue to do so for where the people voted leave will remain many are frankly tired of the old arguments and the attempts to refight the

advisor to an investment banker and advisor to the chinese government on economic and development issues and from chicago. the chicago council on global affairs welcome to you all mr kemp first trip to a foreign country since taking power in two thousand and eleven just how significant is that and does that mean that north korea is now ready for more engagement on the nuclear issue. well it's significant in the sense that it is condolence first of a trip overseas it's been six years since he became leader. and going to china in his father's ahmed trained seems like a small voice of security is a priority but you know it is for the north korean government and i think he's very into the look at all of this in the big picture which is this diplomacy we're seeing now is coming after a very intensive year of mr allonby killa testing and it's a year in which we saw three r.c.b. ends and test it and the north korean stating definitively that they develop development plans have been complete it's a full crate it's in the state kill force in. north korea it has kind it's completed its nuclear weapons programs and it's now willing to

economic advisor, what does that entail? the national economic council was credit by bill clinton in 1993 to beat the economic equivalent inside the white house for the national security council. it hasn't developede cachet. it has risen or fallen on the strength of the people leading it. summers, garyry cohn, everybody knows them. the position itself is not institutionally strong. that means it is about the person. shery: and we know larry kudlow is a media personality and has been backing president trump and taxes.with what else the we know? things those are two key with the imitation. tax cuts, take that box. critical, butn have youhe -- tariffs has been critical with that. this may be about stopping bad things from happening rather than being proactive. david: i want to pick up on what sherry said on tariffs. he thinks tariffs is a bad idea. is the chief economic advisor or spokesperson? what is trump looking for. a mouthpiece for him? or someone was want to change his views on something? daniel: that is a great question that gets to the point of what is this role and how does it is the wish itself in the treasury secretary and the chair of the economic advisers. it is about collecting inform

economic council, and more staff changes may be on the way. secretary of veteran affairs andrew shulkin, hr mcmaster and housing and urban development ben carson the way out. >>> plus, new documents show a top attorney was involved in efforts to keep adult film star stormy daniels to keep her from talking about her affair with president trump. michael cohen, a trump attorney, says he paid her $130,000 not to talk without the knowledge of mr. trump. jill martin, a trump organization lawyer, is listed in court documents as lawyer for the shell company cohen set up. >>> and tens of thousands of students walked out of their classrooms. they stayed outside for 17 minutes, one minute for each of victims killed at a florida high school last month. >>> and at a high school in seaside, california, a lesson in gun safety this week did not go as planned. it ended with three students wounded. as mireya villarreal reports, this is not an isolated incident. >> reporter: as a california teacher attempted to instruct opportunities about gun safety in his criminal justice class, the gun accidentally went off. dennis alexander, a reserve officer and teacher is

economic developments. and then there is also the serbian people and how they feel about entering the you for instance of a survey from virginal cooperation council which says that seventy percent of serbs believe that the country will be part of the twenty twenty five and thirty three states serbia will probably never even join. you know this is joke that iraq what's the difference between not in this in the past and this is things that it's actually by twenty twenty five albania when you when serbia is to is president and then the pessimists think that serbia will enter the un all being president so why is there such a discrepancy between what the government wants and what the people want but. i think it's a reaction permanence which of the terms of an internal and external politics will talk about internal affairs different politicians give promises usually on the eve of the elections and then nothing happens on the other hand the european union often gave so to speak moving targets literally to do something and then literally to do something else the way the e.u. citizens are tired of enlargement the same way the citizens in western balkans a

economic developments. and then there is also the serbian people and how they feel about entering the year for instance of a surly from bridgend or corporation council which says that seventy percent of serbs believe that the country will be part of the twenty twenty five and thirty three. you know this is joke that iraq what's the difference between optimists in the past and the optimist thinks that it's actually by twenty twenty five albania when you when serbia is to is president and then the pessimists think that serbia will enter the. present so why is there such a discrepancy between what the government wants and what the people want but. i think it's a reaction permanence which of the terms of an internal and external politics will talk about internal affairs different politicians give promises usually on the eve of the elections and then nothing happens on the other hand the european union often gave so to speak moving targets like literally to do something and then literally to do something else the way the e.u. citizens are tired of enlargement the same way the citizens in western balkans are tired of reforms in that sense perhaps it's rea

speeches in europe and that the mansion house, setting up the future security and economic partnerships we want to develop, the councilttempts to refight the referendum over the past year. with one year to go, people are coming back together and looking forward. they want us to get on with it and thatis they want us to get on with it and that is what we are going to do. i commend the statement to the house. jeremy corbyn. thank you, mr speaker. i thank the prime minister for the advance sight of the statement, and join her in condemning the appalling attack in trebes, offering our solidarity with the french government, the people of france, and the family of arnaud beltrame, the hero of the siege. she is right to commend the heroic actions of security services here and in france, and to mark the one—year anniversary of the killing of pc keith palmer and others on westerners the bridge, who are quite properly remembered last thursday in westminster hall and saint mary undercroft. 0n russia, i welcome the international consensus that the prime minister has built, as i said two weeks ago. the most powerful response we ca

developing news, this out of washington. we are tracking another shake up at the white house. this morning president trump looking for a new economic adviser. gary cohn is out as head of the national economic council after butting heads with the president over tariffs. "today in the bay's" tracie potts has more on what's next for the future of trade in america. >> reporter: gary cohn's resignation isn't a huge surprise, he made it clear he is no fan of president trump's plan to tax steel and aluminum imports. key republicans were counting on cohn to convince the president to reconsider. >> i think the smarter way to go is neighboring it more started. >> reporter: cohn the latest in a string of high profile white house departures. asian markets closed lower after the news broke. >> short term this could be bad news for the stock market, traders on wall street like gary cohn. >> reporter: cohn says it's been an honor, president trump praised him for helping orchestrate tax cuts but behind the scenes, tension. cohn's efforts to beef up infrastructure, side lined. one official says the wealthy former banker wanted a bigger job and cohn may not be the last to go. >> there will be people, i'm not going

economic council in the u.s.. that's supposed to be our strategy function and it has been politicized. china has a strategy function housed in this organization called the national developmentof thought into strategy resigning five-year plans. we may not like the way they sound, but the architect of the was probably plans the senior chinese economic official now in charge of the economy. he was in washington a couple of weeks ago to deal with these contentious trade issues. strategic,rt, thoughtful, analytical thinker. with an enormous challenge in taking china which has been so export led into a more consumer-type economy. tom: we will come back with stephen roach. where are we going from here? francine: we will talk about china and we are waiting for the new -- governor to be announced and pick up the new issue of bloomberg businessweek. on the front page is the change is coming at goldman sachs. it's a funny cover. this is bloomberg. ♪ mom, dad, can we talk? sure. what's up, son? i can't be your it guy anymore. what? you guys have xfinity. you can do this. what's a good wifi password, mom? you still have to visit us. i will. no. make that the password: "you_stillóhave_to

we'll see if that develops throughout the day today watch for a possible announcement of larry kudlow as national economic councilirector that seems like a possibility for today. the president had some kind words to say about larry kudlow yesterday. but it's not a done deal very close, but not a done deal. larry kudlow would replace gary cohn cohn resigning last week over the issue of tariffs and the failure to achieve higher position within the trump administration the president said that larry kudlow has come around on the issue of tariffs on the issue of a negotiating tactic we're getting new reports from reuters yesterday that the white house is considering about $60 billion in new tariffs on china. that would go into place this year i've been talking to sources who say not only is the white house considering tariffs on china but a couple other restrictions as well, including restrictions on investment in the united states by chinese individuals and possible visa restrictions for chinese travelers. all of that aimed at china, aimed at correcting what the white house sees as a gigantic imbalance in trade betwe

news, big developments for sure, i think gary cohn's resignation might have been something he certainly contemplated before i think shot lack of full process as head of the national economic counciln terms of getting everyone's input i think we're seeing some of that now what i would call kind of a course correction if you will. i think the initial decision was somewhat of a sledgehammer approach i think now we are trying to -- see it pull back a bit with this potential carve-out to mexico and other countries including canada two trading partners on north and south i think you probably seeing secretary tillerson secretary mattis weighed in regarding security mats should point out, as report noted i think on nafta itself you will see secretary perdue at agriculture have a big voice in this, as he has had in the past. gary cohn a big -- >> how important is this trade deficit, when you you were in the job you were you had the president's ear, when you see that america is on losing end so many trade deals should we be worried about that or does it not matter the priorities should be economic growth if it takes away from economic growth maybe the wrong move? your take. >> complicated