senator elizabeth warren has proposed getting them into banking services. that was a surprise. u.s. did provide banking services for a long time -- small deposits -- that goes back to the 1890's. pushing that is the american postal workers union and they represent people working in post offices, so they like to do that. i don't think congress has an appetite for it. postmaster the general, and i don't know where that is going. so much.thank you great story. we will have much more coming up, including t-mobile's cfo on bloomberg market day. ♪ >> it is 10:00 in san francisco. mark: u.s. economic growth picks up at the fastest paced in the second quarter. will it be enough to convince the fed to raise interest rates? bill gross things it is. plunging onceices again, saudi arabia is desperate to find new areas of growth. a look at the world's biggest oil producer and how it is trying to diversify. --k: another successful t-mobile hurray we will hear from the company'cfo about the plan to in the wireless wars. ♪ -- win the wireless wars. ♪ scarlet: good afternoon, everyone. mark: thank y

in terms of the republican race donald trump has tapped into what people like elizabeth warren has, peoplethings are not going right in this country. >> how could they feel that way? >> when you have 90% of the people whose incomes haven't gone up. >> populous means for the people. who would be the people on the other side of that e kags? what is the antonyn? >> washington does well while the rest of the country does not. >> i've noticed that. so when steve forbes is described, what would you like to be called? >> i'd like to be called steve forbes. >> you threw out the first label. i'm trying to find the second one and your choice. what i find interesting is -- >> progrowth reagan americanism. >> go get them. by the way, i can personally -- i can corroborate your views of thoughts and values. i've known you for so long but what i cannot understand is why there is this reluctance in the republican party for this word populism. if the republicans do in thenot connect with the people working men and women, small businessmen and women, if they do not connect with the middle class, they're toa

in terms of the republican race donald trump has tapped into what people like elizabeth warren has, peoplel things are not going right in this country. >> how could they feel that way? >> when you have 90% of the people whose incomes haven't gone up. >> populous means for the people. who would be the people on the other side of that e kags? what is the antonyn? >> washington does well while the rest of the country does not. >> i've noticed that. so when steve forbes is described, what would you like to be called? >> i'd like to be called steve forbes. >> you threw out the first label. i'm trying to find the second one and your choice. what i find interesting is -- >> progrowth reagan americanism. >> go get them. by the way, i can personally -- i can corroborate your views of thoughts and values. i've known you for so long but what i cannot understand is why there is this reluctance in the republican party for this word populism. if the republicans do in thenot connect with the people working men and women, small businessmen and women, if they do not connect with the middle class, they're t

elizabeth warren? the magazines are vested in setting up a rivalry. hillary clinton has the same language that elizabeth warren has in economic populism for many years. i think we will hear that on monday and a lot of people will say look at hillary clinton adopting elizabeth warren language and that's fine. >> this isn't a strong man fight. i don't think elizabeth warren is about to endorse bernie sanders. her design is to put as much pressure on hillary clinton as she is on barack obama, to push the policy and personnel to make economic regulatory decision financial regulatory decisions. the pressure is very real. it doesn't mean -- enadon't suggest in the article she is about to bolt from hillary clinton. i think warren sees hillary as the best possible future. i think she's skeptical if hillary will break the ties she has to wall and economic advisers she really december piuss. that wres the suspense is. ift is where hillary clinton will come down in terms of specific policy over the next several months. when it comes to, that whether or not warren can be trusted to

that dodd-frank notwithstanding its intentions to constrain 13 three did not hit the mark and elizabeth warren has been rather outspoken on the matter and is actually introducing bipartisan legislation on the senate side in this regard. setting aside arguments about whether or not aig bailouts, specifically, was a good thing dodd-frank,ng, post is it your interpretation that the fed retains the power to do a similar bailout, where counterparties and creditors receive a hundred cents on the dollar, including fou foreign entities. janet yellen: the role of lender of last resort is a critical responsibility that central banks fulfill around the world and it is why the federal reserve was created. i do believe this is a very important power. we need to address the 30 and credit pressures in times when there is unusual financial stress. however, congress did amend section 13-3 in dodd-frank. it allows the federal reserve to extend emergency credit to the financial system, only through facilities that have broad-based answer is no,he we could not use those powers to address the needs of a single firm li

elizabeth warren has said crazy things. nancy pelosi has said crazy things. >> no. no. just want to level this out. but everybody says something crazy once in a while. >> howard dean has said some crazy things. >> never has. >> so jeremy you get the point. >> why is everyone -- >> right, we're smiling for the same reason that a lot of people are lining up to go see donald trump from las vegas to arizona to new hampshire because he's a spectacle. he is entertainment. he is a cultural he is a reality star. people go to his events that wouldn't ordinarily go to a political event and probably won't even vote. what trump tapped into is this sense that is very strong among a lot of people in the conservative base. they feel like something has been snatched away from them. if he feel lake their country has been changed and they want to take it back. >> hold on. right there. jeremy? jeremy, what you just said if, that's what it is that is serious. hold on. that's really serious that he's able to do that. that just sounds like a real candidate. sorry. i'm afraid to say it myself

a lot of what elizabeth warren has that people love about her. i do he's been underestimated. it's unbelievable when you compare that to some of the events hillary clinton has had. i think with bernie sanders, people are excited about him. they all assume it's going to be a jeb bush/hillary clinton outcome. and frankly people are bored by that. another dynasty election bernie sanders brings something more to the race. it's going to bring an interesting debate. and pull hillary clinton to the left, when a lot of progressives in the party want to have happen. i think this could potentially be just the beginning. the republicans have a lot of folks there, the debate is going to be rebust and interesting to watch. the democrats need a good debate as well. >> the other big news this afternoon, at least to political junkies is jim webb the normer senator, former secretary of the navy announced he's running for president. these guys and gals have their prep period and they make it official. i want to read from his e-mail, making it official. we need to shake ahold of the shadow elites

this is the idea from senator elizabeth warren who has been talking about the government putting puttingnt loans and if you give the federal government all this money they should have skin in the game and they should be paying back part of the loan. >> to john's point, why is the government in this business? if it's a profitmaking enterprise? >> they saw the private market in this industry david, that was making money. they wanted to gouge it and sell it cheaply as a free subsidy, if you will to people who want to go to college. the question for the president is really about his own hypocrisy. over the years as the government role in college loans has increased, so has the amount of debt that the college students graduate with. by his own remarks, it's really the government's fault. >> so rich the government being in the student loan business is one reason why we pay so much for college education. >> yeah. among many reasons. way too many administrators per actual teachers is probably the major reason. but, look i think donald trump stumbled on to something here and as an employer he see

elizabeth warren has figured out a way to authentically channel a progressive populist frustration. survive the primaries. ted cruz as president of the united states, is more likely than i'm comfortable with. ♪

this is the idea from senator elizabeth warren who has been talking about the government putti puttingnt loans and if you give the federal government all this money they should have skin in the game and they should be paying back part of the loan. >> to john's point, why is the government in this business? if it's a profitmaking enterprise? >> they saw the private market in this industry, david, that was making money. they wanted to gouge it and sell it cheaply as a free subsidy, if you will, to people who want to go to college. the question for the president is really about his own hypocrisy. over the years as the government role in college loans has increased, so has the amount of debt that the college students graduate with. by his own remarks, it's really the government's fault. >> so, rich, the government being in the student loan business is one reason why we pay so much for college education. >> yeah. among many reasons. way too many administrators per actual teachers is probably the major reason. but, look, i think donald trump stumbled on to something here and as an employer h

in fact elizabeth warren has been outspoken on the matter and is introduced bipartisan legislation on the senate side in this regard. setting aside the arguments on whether or not the aig bailout was a good thing or bad thing post dodd frank is that your interpretation that the fed retains the power to do a similar bailout of aig where counterparties and creditors could receive 100 cents on the dollar including foreign entities? >> so let me start by saying the role of lender of last resort is a critical responsibility of the central banks to fulfill around the world. it's why the federal reserve's was created. i i do believe this is a very important power we need to address liquidity and pressures in times when there is unusual financial stress. however congress congress did amend section 13.three in dodd frank to allow the reserve to extend emergency credit to the financial system only through facilities that have broad based eligibility. >> we could not use those powers to address the needs of a single firm like the aig situation. >> several other firms and aig bailout was made ava

dodd frank notwithstanding the intentions to constrain 1313 did not hit the mark and senator elizabeth warren hasn on the matter and has introduced bipartisan legislation on the senate side in this regard. setting aside the arguments of whether or not aig bailout, specifically was a good thing or a bad thing, post dodd frank, is it your interpretation that the fed retains the power to do a similar bailout of aig where counterparties and creditors could receive 100 cents on the dollar including foreign entities? >> so let me start by saying that the role of lender of last resort is a critical responsibility that central banks fulfill around the world, and it's why the federal reserve was created. i do believe this is a very important power. we need to address liquidity and credit pressures in times when there is unusual financial stress. however, congress did amend section 133 in dodd frank to allow the federal reserve to extend emergency credit to the financial system only through facilities that have broad-based eligibility. >> chairman yellen -- >> we could not use those powers to address the n

tom hartman, do you see it as bernie sanders has earned the elizabeth warren endorsement? e you. i think not only has he earned the endorsement but he is actually the best guy for the job, the best person for the job of president of the united states. bernie has a depth and a gravitas to him that i think most people are unaware of. although i think they are catching it. you are seeing huge crowds, all the enthusiasm. you see he has taken over the facebook sphere and twitter sphere and what not. and because he is speaking about things like the destruction of the middle class. our crazy trade policies, taxing the rich. basically lets go back to what worked in the '40s, '50s, '70s, and discard the reaganism that. >> i'm not one that predicted bernie sanders would be getting the biggest crowds? were you surprised by this? >> no, i was one that said the would get big crowds. he speaks to a base within the party that feels strongly about these issues as tom suggests. he is a thoroughly authentic person. nobody -- bernie sanders is clearly speaking his mind as he has throughout hi

has the revolving door helped provide for city? well, during the financial crisis citigroup received nearly half a trillion dollars in government bailouts. that was trillion with a "t." >> that was elizabeth warren this weekend. and net roots always has a favorite, and it looks like it was elizabeth warren then time. it sounds like this revolving door issue and cabinet appointments, she's going to be very strong on and this is not the last we've heard of it from her. >> absolutely, what happens too often is that the public chooses the president and wall street chooses the appointees. what elizabeth warren is doing is putting a bright line on this issue, saying any potential president should make a commitment now to support a bill by cami baldwin that would say if you are in the private sector you can't get a multi-million payout to supposedly help compensate you for your sacrifice but to in effect buy you off. this is something she had been working on since before she came into the senate, and it's something the public's complete lay with her on. >> do you know that net roots nation gave her a big round of applause for that. and martin o'malley and bernie sanders said they agreed with that, but

other wings, the economic populous wing represented by bernie sanders, represented by elizabeth warren. but nobody hasis third which is this racial justice wing. that black lives matter. the young dreamers talking about immigration. that passion in the party actually neither bernie sanders nor hillary clinton has tapped into. whoever gets them will win. if bernie sanders figures out a way as he was trying to do today, talking about jails, if he taps into that racial justice passion she's in trouble. >> i want to bring up one other thing having to do with hillary clinton that i know you're eager to talk about, she tried to walk in a parade yesterday in new hampshire and i think we have some photographs of this. to cordon off the press, they were put in this moving rope line, a la a veal pen and this is obviously making a lot of waves on social media. although i have to say, i see a lot of republicans loving it. because they hate us more than they hate her. >> well, i mean, this is humiliating. this is humiliating for reporters who have to abide by hillary clinton's rules of journalism. and it's not jus

elizabeth warren's views is that the dodd/frank bill was pushed through as speaker. she counts that as one of her legacies as president obama does. guys? >> but elizabeth warren clearly, haseels on issues when it comes to wall street and, you know, on the one hand nancy pelosi talks about wanting to protect working families in this country. well nancy -- elizabeth warren is really making that a huge part of her platform isn't she? >> she is. and she's influential. in the senate she's very hot on the democratic fund raising trail. democratic candidates want to appear with her. but she isn't calling the shots for the entire party. and she was making that clear. she outranks elizabeth warren on capitol hill. >> i know she's got a reaction to this story. >> you're asking me to pick between siding with senator warren and representative pelosi. it's like my own personal political sophie's choice. i don't even know where to go. in this particular case, obviously i'm with nancy pelosi. i don't think after dodd frank has come out and to see the cumbersome regulation not just for wall street but also for regional banks, community banks. the effects that has had on wall street and s

at the same time if you look at it, what he has right now is what elizabeth warren had. a year ago everyone tested elizabeth warren against hillary saying she should get in the race and elizabeth warren looked at the numbers a year ago that sanders has now and she said not enough to win, i'm not going to run. >> as formidable as hillary clinton was in '08, she's even more so now. these crowds that bernie sanders are drawing are impressive but i'm not sure they're significant. what's significant is he raised $13.5 million and three-quarters of it is from small contributors. he has a lot of passion and energy out there. the question is whether he can take that and build upon it and broaden it. >> that's the key question going forward. a lot of polls will come out. let's see if he starts making headway where nobody thought he would make headway. karen, thanks for your time tonight. >>> still ahead, the u.s. starts a new era with two long standing and supposed enemies. diplomacy is breaking out in all sorts of historic ways. that's coming up next. ever since darryl's wife sta

. >> elizabeth warren is saying what she has always said. this is not a new message from her. think it's notable that when hillary clinton spoke at this iowa dinner on friday she did not talk about the democratic opponents at all. she only went after the republicans. and i think it's worth noting that this for her is the easier thing to do. it's easy for her to say, republicans are in the wrong front on climate change. they're the backwards party. i think it's more difficult for her and we've seen this over and over again to talk about issues like trade policy or minimum wage. the things where someone like elizabeth warren or bernie sanders really want to go after her for. i think that is her bigger challenge right now. >> can she get away with it is the question? can she focus on the republicans and say, okay, i'm getting pressure on the left but it's not enough yet? >> exactly. and she's looking at the general election saying, i have to make sure i'm a palpable enough general election candidate. where was she last night? in arkansas trying to rebuild the arkansas democratic

elizabeth warren. >> we'll see. >> this has been a strong week. u.s. stocks are set for their best week in nearly four months. >> the best five-day run since december. it has been very strong. people got too defensive. too much cash built up. i don't know that means anything in terms of a decisive break above the range. >> google earnings coming out. john fortt, what do they look like? >> revenue in line at $17.7 billion. earnings per share, $6.99. that includes the traffic acquisition costs. they are not backed out. aggregate paid clicks year over year up 18%. cost per click year over year down 4%. sorry. year over year down 11%. sequentially paid clicks up 7%. sequentially costs per click down 4%. overall, this report looks pretty much in line. it looks like google did some things on costs that investors are going to like. this is ruth porat's first earnings report as cfo. "we are very focused every day on developing big new opportunities across a wide range of businesses. we will do so with great care regarding resource allocation." that is one of t

she saw the whole pro-elizabeth warren movement beforehand so how has she not been able to get out aheadbecause you never -- i have said this from the beginning and i'll say it again, you're never going to have a coronation in my party. never. never. senator sanders tapped into something real. that's not just a one-hit wonder. that's not the last time he'll have a rally with 10,000 people. it is real. i think it is actually a good thing in my party that we don't -- i'm all for hillary and work with the pac trying to elect her. but it's better for the party to have a tougher primary. i say this from the beginning, you are right to ignore the national polls. we don't nominate the president nationally. you begin with iowa that went from 5% to 33% in two months. >> in eight weeks or so. >> it doesn't mean it has to be negative. so hillary has as good as claim as bernie to the populist message. i'm old enough to remember when the clinton camp used to call them bolshaviks. >> if you are joe biden and you're saying i'm going to think about this in august. do you look at that and say, there's an

definitely an additional shot in the arm for bernie sanders if he got someone like elizabeth warren's support. but bernie sanders has defenders get offended when you say it. when you look at his crowds they're not very diverse. and the democratic party is a very heterogenius party. the winning coalition for obama was three out of every four asians, three out of every four hispanics. record number of african african-american african-americans. jews. we're not seeing that cross-section with him. and they get offended, the supporters, don't get offended. fix it. >> he addressed that last night. >> right. >> and he supposedly is dealing with that. let me ask you this. when you look at a poll that says in iowa 91% of iowa democrats think the federal government should try to reduce income inequality. >> yeah. >> is that what this race is all about? >> frankly, until i saw that i didn't know 91% of the democratic party agreed on any one thing. that was a huge number. >> huge. >> it's crazy, right? so yeah i do think that means economic inequality is going to be a major issue in the democratic primary and likely the general

. >> hillary clinton has been there. elizabeth warren. a lot of liberal activists go to this on a yearly basis. >> i understand that. but i don't know whether this crew black lives matter have any constituentcy other than a radical left fringe nuts that run around the country saying crazy things. have they made any inroads into a more established position? >> well black lives matter is really an umbrella slogan kind of group that encompasses a lot of social justice workers. and a lot of social justice organizations. it's a group that was started by three women that work at soros-backed organization that are in to community organizing in to riling up activists. and what all these social justice groups have in common is basically three things the first is they believe fundamentally it's social policy and the man and political class that's out to get them. that basically all of their social woes and economic can be based on unfair policies. second is that they're very well organized. there's think tanks that put out the narratives they're fo

has elizabeth warren been chosen to be an ostnotastronaut?l, our friend, who is never really going to be an ardent supporter of hillary clinton. this is what he said yesterday at an event at home in kentucky. take a listen. >> going to run straight left. just like the president did. and their gamble is that the country is further left than it used to be. let me tell you why i think that's a flawed strategy. i don't think arguing vote for me because i'm a woman is enough. you may recall my election last year. the gender card alone is not enough. i beat my opponent with women in my race. because the gender card alone is not enough. i'm sure there are millions of americans who would love to have a woman president, but the question is a woman president to do what? >> the clintons were a major supporters of alison lundergan grimes who lost to mcconnell.rself a clinton democrat. here's how clinton reacted in a facebook chat. wow, if that's what he said mitch mcconnell really doesn't get it. there is a gender card being played in this campaign. it's

netroots nation conference, which is basically comic-con but with elizabeth warren and bernie sanders -- (laughter) -- instead of a guy who hasned his frodo baggins and robocop costumes and calls himself frodocop. (laughter) basically all it is. and things got a little awkward for presidential candidate martin o'malley when a group of black activists started chanting "black lives matter." >> when the crowd chanted "black lives matter," o'malley tried to respond. >> black lives matter. white lives matter. all lives matter. [ audience boos ] black lives matter. white lives matter. all lives matter. >> larry: no, no! you don't say it twice. didn't you hear the booing the first time?! (laughter) they weren't booing the fact that you only said it once! (laughter) "boo! why are you only saying it once?" (laughter) but why was o'malley surprised by this? i mean, hillary got dinged for the same thing last month. so it seems like there's a little confusion here over this phrase. why can't you say "all lives matter"? i mean, it sounds like it makes sense. here to break it down for us is our resident blegghead, felonious munk. felonious

it is a message that has been delivered for months, be bernie sanders and elizabeth warren's supporters seem rather consistent cal ofskepticalabout clinton. >>> i'm running for president to fight and win for american people. >> wisconsin governor scott walker posted that to his website today. one of the youngest candidates, and without a degree. >> if we can do it in wisconsin no doubt across america. thank you for letting me share with you. >> wisconsin governor scott walker has only been in office for a few years but he has made a swift rise in the republican party. >> just because i ran for governor i wanted them to have a better state to live in. i want every son and daughter to have a better country. >> walker was raised in a small town in wisconsin. he showed an interest in politics as early as high school and president ronald reagan was his role model. walker spent a few years in college but did not graduate. went on to work for the wisconsin red cross. his first job in politics was in the state legislature at 22. he ran for office and lost. in 2010 walker decided to run for gove

it might've been elizabeth warren but bernie sanders has staked out his ground.omeone the nation has been covering, paul, since -- you know he entered the public in 1990 so it strikes me that he is only now getting popular. the crowds are growing. part of it i think, paul, is the mainstream corporate media in this country has for a long time sort of policed the parameters of the possible and it led to a sort of downsize of exclusion. the view bernie sanders holds about a more fair country and how to get there taps into the belief that this country belongs to the citizens, not the alien heirs. -- not to the billionaires. in the interview we push him on, what does it mean to be a socialist? a social democrat. he would be sort of center left in many countries. he is sort of a new dealer. i think bernie sanders and his issues are very much in sync. according to many gallup polls the mainstream -- the mainstream media has said -- i submit one example. bernie sanders was a guest on "meet the press," on sunday, the first time in 20 years. whereas, john mccain is a frequ

elizabeth warren. but bernie sanders has staked out his ground.e is someone the nation has been covering since he entered congress in 1990. millions of people are meeting him for the first time. he announced only two months ago. the crowds just grow. part of it is the mainstream corporate media in this country has for a long time sort of police the parameters of the possible i would argue and led to a kind of downsize politics of excluded alternatives. the views bernie sanders holds about a more fair country and how to get there, tax increases on the very wealthy, the belief that this country belongs to its citizens and not to billionaires -- debt-free education safe and secure retirement, expanded social security. what does it mean to be a socialist? it is essentially being a social democrat. he would be centerleft in many european countries. it is a modern new deal. i think bernie sanders and his issues are very much in sync. according to many polls with many american views. the mainstream media has said that he is french or his views are french

it is interesting, bernie sanders focused on inequality and has been taking the progressive stance that a lot of people hoped elizabeth warren would take. she ducked out and didn't want it and didn't want to run. sanders is there and getting big crowds and as trump pointed out. no one has had a bigger crowd than him. he had 9000 and hillary clinton's big a noupsment speech that people waited for years for only drew 5000. >> thank you, peter doocey thank you. >> italian officials say the bombing outside of their consulate in cairo was an act of terror. one person was killed and security investigators say that the bomb was placed under a car and detonated remotely. and the egypt branch of isis is claiming responsibility for the attack. and there are new reports that a new air strike drew a blow to leadership in afghanistan. and the strike killed 30 militants including the highest ranking isis leader. and the pentagon is confirming that an air strike was confirmed and greek negotiators are trying to perper suede international creditors to help the nation with financial ruin with another bail out. they were skeptical after greec

elizabeth warren. but bernie sanders has staked out his ground. he entered congress in 1990. what strikes me is that millions of people are meeting him for the first time. he announced two months ago, but the crowds suggest -- just grow. and part of it i think paul, is that the main stream corporate media in this country has for a long time sort of policed the parameters of the possible. i would argue. and led to a kind orphf downsized politics. the views bernie sanders holds about a more fair country and how to get there, tax increases on the very wealthy, the belief that this country belongs to its citizens, not to billionaires, debt free, free higher education. safe and secure retirement. expanded social security. all of these by the way, in the interview we push him on what does it mean to be a socialist. essentially it's being a social democrat. he's been center left in many european countries. he's like a 21st century new deal. according to many gallop polls, for example, majority of american views but for too long, the mainstream media has kind of said he's fringe of h

elizabeth warren. he is channeling that wing. party who hillary has not spoken to. >> can i speak if only as a badger. i went to madison. you can get 10,000 people for a very left wing person. i love bernie sanders. who knows, i could vote for him. but you can turn out 10,000 people for a progressive in madison. >> that doesn't explain the 5,000 in iowa, the 3,000 in new hampshire. >> those are decent crowds. >> to obama's point, there is a movement out there on the democratic side. >> you talk on every single presidential campaign of the republicans, they're not even calculating that. they think he is going on flame out. >> by when? yesterday the former candidate himself george pataki wrote a letter. all of them urging them to take down trump. he wrote, as donald trump doubles down, i'm asking to you join me in standing up. stand up for our party. stand up now. deannounce his comments today. here was trump's comments. he said governor pataki couldn't be elected dog catcher if he ran again so he didn't. so my question, i want to ask you about bernie.

elizabeth warren. but bernie sanders has staked out his ground.e is someone the nation has been covering since he entered congress in 1990. millions of people are meeting him for the first time. he announced only two months ago. the crowds just grow. part of it is the mainstream corporate media in this country has for a long time sort of police the parameters of the possible i would argue and led to a kind of downsize politics of excluded alternatives. the views bernie sanders holds about a more fair country and how to get there, tax increases on the very wealthy, the belief that this country belongs to its citizens and not to billionaires -- debt-free education safe and secure retirement, expanded social security. what does it mean to be a socialist? it is essentially being a social democrat. he would be centerleft in many european countries. it is a modern new deal. i think bernie sanders and his issues are very much in sync. according to many polls with many american views. the mainstream media has said that he is french or his views are french

elizabeth warren but nancy pelosi is responsible for trying to win back the house. she pushed through the financial regulation bill that elizabeth warren thinks was too soft and also hasraise money for democratic campaigns and she was trying to send the message, yes, elizabeth warren may be getting headlines as the crusader against wall street but not everybody is marching behind her. that's significant. >> let's talk about jeb bush releasing his income from last year and some of the tax reports earlier than that. is this going to is anyone making? >> we have known since leaving the governship of florida jeb bush was out to make money and make themselves more financially secure as a prelude to running for president that's exactly what happened and he has a high income and also paid relatively high for people with that kind of money. >> 40% tax rate. >> that's right. >> it's not mostly capital income. it's a lot of speech making income. not surprising. not something that hillary clinton will be able to use against him given what her husband and she had been able to make. he's likely to get points for transparency. >> it diffuses the possibility of a harry reid lying an

has exposed some vulnerabilities of hillary clinton. >> but why isn't bernie sanders himself, okay he's taking the risk right, of running. these other guys sitting on the sidelines, elizabeth warren isn't running. sanders is saying but i'm in. and he's taking the lead. why isn't he a plausible president? >> well he's not a plausible president because the democratic party has acknowledged that is the party leaders and so forth are going to get behind hillary clinton. he is not going to get more delegates than she does. he has the party control superdelegate. the people who depend on the government distributing money in terms of subsidies and public jobs where the rubber hits the road are going to be supporting hillary clinton because she'll deliver it. bernie is an outlier in that sense. he's a birkenstock liberal who just simply is attracting those people and give being them sort of a day in the sun. >> so how is he affecting hillary clinton's campaign so far, james? i would argue that his doing well in the polls has coaxed her, finally, to do her first interview this week. get out there, you can't stay behind you know a rope line forever. and that one of the effects. what else -