tom: coming up later, we will solve the social security mess with artan feldstein. -- martin feldsteinapped up and there is still plenty of work. china's official news agency said the two sides reach consensus on some issues, but major disagreements remain. the u.s. wants china to reduce the trade deficit like $200 billion by the end of 2020. the fbi reportedly has been monitoring the phone lines of president trump's personal lawyer. according to nbc news, agents had the ability to see who would call, although they could not listen in or record the calls. there was at least one call theeen a cohen phone and white house. u.s. prosecutors in michigan have charged the former volkswagen ceo in the diesel emissions cheating case. role ased down from his ceo days after the scandal was revealed in 2015. hawaii, kilauea volcano has spewed lover into this guys and residential areas after days of earthquakes. authorities have ordered some neighborhoods to evacuate. one witness described the love up as a curtain of fire. global news 24 hours a day, powered by more than 2700 journalists and analys

there is priest at the catholic church of st mary magdalene in the new liesl feldstein strict from the beginning he was convinced in an area where forty percent of the residents don't belong to any religion and christians shouldn't start by excluding each other in fact the catholics had enough money to build their own church but things turned out differently. i knew coalition is of one church that we don't need an exclusive spot for each of us but one space one church one altar where we worship together in minds on fire. the trick in fribourg is that there are two separate church spaces that can be converted into one space when required. but the caretaker stefan plucker explains thank you often the people often ask how it works then i usually say electrically i don't have to do anything manually push things around it's all done electrically. the mobile walls are eight meters high. the largest measures one hundred square meters and weighs thirty tons. yeah they feels right this way how it was meant to be a big church for everybody and a qualification for other. but most of the time the

on the right there were people like marty feldstein calling for more infrastructure expenditure, probably not paid for debt, not debt-financed, but nevertheless the underlying impulse was the same. it was a missed opportunity five, six years ago, and it was a missed opportunity because it's convenient in the short run, politicians, to sit on their hands, because they know that the central banks, the fed, the ecb, my goodness, true in europe. will have to re-invent themselves as the u.s. cavalry. >> i'm fascinated. because president trump is constantly touting the stock market, the dow jones. it's been doing really well the entire time he's been in office, with some ups and downs. in fact today is a bit of down with global stocks and shares. and yet you've written correctly in the book that actually most people, most ordinary people don't he shares. so what's the disconnect there done to the ordinary people? >> in this country, we're spking in the united kingdom, they don't and in continental europe, few do. but in the united states many, many more do, including through their pension plans

secretary mnuchin laid out there one or two page tax bill, about one it was a same day that martin feldstein, former reagan adviser, group of supply-side economics had an op-ed piece in the wall street journal. he said, don't believe it when they say that you can grow your way out of these tax cuts entirely. he said what they would need to do though is reform, was a word they used -- reform entitlements. what that meant was a race the eligibility rate for social security and medicare. and did not take olive i more than a few hours after the bill was lined to begin to talk about that. -- it did not take paul ryan long to start talking about that. that is the movie they run over and over again. rich.o tax cuts for the we know they have roughly, over the period of this tax cut, 80% of the benefits go to the top 1%. we know that it will discourage more than encourage more outsourcing of jobs -- it will encourage more of that. in my state, it will mean eliminating $400 million that we spend to keep the great lakes clean, going after social security and medicare. it is give more to the wealthy peo

secretary mnuchin laid out their one or two page tax bill back about a year ago and the same day martin feldstein, former reagan you don't want to do that as a party to quickly. that's the movie they run over and over. they do tax cuts for the rich. we know roughly over the period of this tax cut 80% of the benefits go to the richest 1%. we know this will encourage more than discourage more outsourcing of jobs and we know it puts congress in a position of we've got to do something about the deficit. it might mean eliminating $400 million we spend to keep the great lakes clean. it means eliminating the appalachian regional commission and going after medicare and security. it's give more to the wealthiest people in this country and stick it to working families again and again and again from all different directions. >> i want to ask you both a question. i'll start with you, professor krugman. i think as glen mentioned, we basically have a dichotomy in the economy which is we've experienced over 10 years a rebound in growth rates and obviously a lot of growth at the higher end. we've seen wage stagn

secretary mnuchin laid out their one or two page tax bill back about a year ago and the same day martin feldstein, former reagan you don't want to do that as a party to quickly. that's the movie they run over and over. they do tax cuts for the rich. we know roughly over the period of this tax cut 80% of the benefits go to the richest 1%. we know this will encourage more than discourage more outsourcing of jobs and we know it puts congress in a position of we've got to do something about the deficit. it might mean eliminating $400 million we spend to keep the great lakes clean. it means eliminating the appalachian regional commission and going after medicare and security. it's give more to the wealthiest people in this country and stick it to working families again and again and again from all different directions. >> i want to ask you both a question. i'll start with you, professor krugman. i think as glen mentioned, we basically have a dichotomy in the economy which is we've experienced over 10 years a rebound in growth rates and obviously a lot of growth at the higher end. we've seen wage stagn

does not do a good job of measuring the technological change we should have marty feld stein on -- feldstein fed has some of that right now >> we have steve eisman on now >> it's missing an l, it would be you, same name, he's much richer watch out best spotify, youtube wants to take you on in a new way the details on "squawk box" comes right back everything. and that 2% cash back adds up to thousands of dollars each year.... so i can keep growing anmy business in big leaps!up what's in your wallet? yourbut as you get older,thing. it naturally begins to change, causing a lack of sharpness, or even trouble with recall. thankfully, the breakthrough in prevagen helps your brain and actually improves memory. the secret is an ingredient originally discovered... in jellyfish. in clinical trials, prevagen has been shown to improve short-term memory. prevagen. the name to remember. yes or no?gin. do you want the same tools and seamless experience across web and tablet? do you want $4.95 commissions for stocks, $0.50 options contracts? $1.50 futures contracts? what about a dedicated service team of tr