g.d.p. growth number let me give you one example last year when the government says that the g.d.p. growth number was more than six point five percent according to other cuckoo lation it was actually one point six seven or even negative but even so the number the figure there is a comment after some upbeat ingredients including factory activities a new loans and trade which is given some cause for optimism so we might not be able to trust the g.d.p. figure totally but we can be sure that china is doing all right from january to march this year how is all this related to the ongoing trades which we in china and the u.s. well let's say if we believe the g.d.p. growth numbers six point four percent is correct it's still the weakest in the early thirty years for china and we know china is squeezed by the trade war with the united states and the impact of the trade war has to ceded china is the patient and now even though both sides want to reach a deal there are still many obstacles so if this trade war drags on it would definitely influence china and china as. it colony world the terror

why not accept that and talk about t g.d.p. numbers today? because that is not the core of s.at he he is fueled by a fight. so that's part of this. but the question is how long will this go on. i don't think we know the to that. but it's conflicting his ability and constraining him from reall using this summer as a time to turn the page andn move o beyond this. people outside of washington aren't following all the ins and outs of this but they know there's a fight going on and he's in the middl of it. so he's trying to fire up the base. but we'll see how this works for him. but he has not declared victory and gone home. robert: certainly not. you mentioned the president is not moving on. he's playing to his base. he's ratcheted up this fight. if you wat the president on friday, he amplified his attacks on the probe and trained his fi on democrats during the national rifle association's meeting.en prestrump: corruption at the highest level, a disgrace. spying, surveillance, trying for an overthrow. they tried for a coup. didn't work out so wel

and circling back to the united states new g.d.p. numbers out today show surprising strength the latest figures from the u.s. commerce department show the u.s. economy growing at three point two percent in the first quarter hitting a level that exceeded expectations market watchers had been bracing for a much lower number after what felt like a full season of bad news including start market zigzags slowdowns in china and europe and the u.s. has continued entanglement and trade by across the pacific and their lead pick us president donald trump reacted to the new numbers with his usual sense of humility and position. which i believe very very low inflation our economy is doing great number one in the world which nobody want to go on to be right in the world and it's not even close. this has been a good. good morning season week so far we've seen some strong beats by companies like amazon locking martin and coca-cola leading the broader markets higher however there's a key segment of the market that is lagging smallcaps and the past two months

g.d.p. number all the loan that we got to be looking at the productive projects or they can be from the project. so i don't see that much problem but the economic growth that was supposed to happen on the back of infrastructure development hasn't yet materialized g.d.p. growth has hovered around five percent in the last five years while that can be considered a pretty solid number for some countries it's below the government's target of seven per cent and it's not enough for indonesia's development needs and ambition. condiments generally agree indonesia has to keep spending and not just on building roads railways and other facilities but we also need the soft infrastructure what i mean about this stuff infrastructure is for instance capital human capital development which i think. one of the up by at the of the government education in health care for instance have been given bigger allocations in the state budget physical infrastructure but jakarta's newly opened m.r.i. is only part of what indone

receiving today of course there's that relatively weak number here coming out of germany but there's the strong chinese economic data of course with g.d.p. they're being stronger than expected now of course nobody knows how much we can trust those numbers out of china but well they are there and since china is the biggest growth market for many companies all over the world and especially for german companies as well that is an important set of data here so it balances out kind of what we're hearing from a german economy minister here and that means basically markets are pretty flat for the day so far. another big story going on in germany at the moment is the merger talks between germany's two biggest lenders. and. just today it seems a new horses entered the race if you will dutch bank and g.m. has said it's ready to bid for spawn what are you hearing there in front. well first of all it makes things very complicated now not for investors they are of course are very excited about this especially shareholders for comair spun comments from shares are up over three percent right now because they are find themselves in a very good position

g.d.p. number all the loan that we got to be looking at the productive projects or they can be from the project. so i don't see that much problem but the economic growth that was supposed to happen on the back of infrastructure development hasn't yet materialized g.d.p. growth has hovered around five percent in the last five years while that can be considered a pretty solid number for some countries it's below the government's target of seven per cent and it's not enough for indonesia's development needs and ambition. condiments generally agree indonesia has to keep spending and not just on building roads railways and other facilities but we also need the soft infrastructure what i mean about this stuff infrastructure is for instance capital human capital the flop one which. is one of the up by at the of the government education in health care for instance have been given bigger allocations in the state budget physical infrastructure but jakarta's newly opened m.r.i. is only part of what indonesia

obviously the headline number of g.d.p. growth in china will slow and continue to growth.ut above 6% growth, it is till the second fastest growing economy in the world. the only other country that is close is india, which is obviously i think about a quarter of the size in its economy. all kind of data today was really good. retail sales, industrial production, property. it was all very good data. the bears will tell you this is all reflectled because they are really boosting credit again and building a longer term problem. sure that is logical, but it is a longer term problem. it means it is a problem for another year. i actually love fact that this rally is so unloved. people are second guessing the facts in front of their eyes. the same thing we had with the fed in january. when the fed turned dovish, rather than taking it this as good news, which was, people started panicking about what it meant for economy. rather than just look at the data, they look for a second message. it is the same with the china data. then would have been happier if the data was poor. they are

the stock market ticke g.d.p. numbers don't speak to people in my community.ork in a wrking class community where people work at full-time jobs still uood stamps. do you think they care what the stock market or g.d.p. numrs are. no. i'm not demonizing peoalple of . why are we gearing the tax code to help people of wealth get more wealth. we put 0 5llion in the tax code moving wealth up. why aren't we going things to make sure people working every day in america can have ame ican dream? that's the problem we have now. there seems to be a lack of empathy and more courageous empathy is needed in our country to see the strugs of pople from factory towns to farm towns who can't afford th rent in cities because cost is so high. >> woodruff: you favor the medicare for all plan introduced by senator sanders. in essence, it's single payer. it will within four years do away with all private healthe. insura your state of new jersey in november elected new members of congress, democrats, heavily republican districts. do you think voters in thoseri dis want to see their pr

across the pacific from china to mexico that country also has turned in some surprisingly weak numbers mexican g.d.p. contracted by point two percent in the first quarter of this year delivering a very unwelcome surprise to president andres manuel lopez obrador who took office in december the disappointing first quarter of twenty nine thousand figure follows a meager point six percent growth of g.d.p. for q four of twenty eighteen. on another front mexican action also contracted in the first quarter by point six percent more hopefully mexican agriculture which. has focus on revitalizing shows signs of life with two point six percent growth in the first three months of this year and previously stated a goal of two percent growth for twenty nineteen an average growth of four percent for his single six year term as president the latest numbers makes those goals even more ambitious and challenging. we said we wanted to hold support above fifty two hundred after forming the golden triangle in order to gain confirmation of another balrog well it has struggled and failed to hold on to gains above the fifty

pete: that's a g.d.p. numberer former president barack obama said he would need a magic wand to revive this economy. ultimately it wasn't coming back this way. president trump said it would be 3 or 4 or 5. here we are first three months of the year. jedediah: magic wand: s&p 500 and nasdaq closed friday at record highs. s&p 500 up .47% and dow up. starting to look at these numbers and wondering how democrats are going to run against an economy that is soaring. that's why when you saw joe biden's video oh trump is bad. yeah, yeah. trump is bad. racist, you know, next it's sexist and doesn't like just throwing words out because it's very difficult to run against it when people have more money in their pockets and stocks are doing well and they are feeling good about their lives and families and their ability to go send their kids to summer camp. griff: how the media mr. play they do mention it above the fold economy surges in first quarter as angst debates. first sentence of this article reports of economic expansi

g.d.p. by twenty twenty three a number that still doesn't meet the minimum two percent set by nato international relations expert hussein back she says nato is not as united as it used to be. demand that until two thousand trained twenty. members seem particularly to pm countries have to give two percent of their g.d.p. for defense purposes on the other hand also that president trump said that nato is obsolete it means it's not any more functional before nato remains definitely. under nato america's umbrella existing regional organization but the other twenty eight countries they are not always happy with the american policies like germany and turkey the moment americans consistently. threaten turkey not to provide for. thirty five turkey on the other hand had to choose the russian missile system because out of necessity turkey is turkish borders do not have any here defense systems however the key focus of nato has latest gathering in washington has not been relations with turkey but with russia with moscow again being portrayed as a major global threat the nato secretary general got and enthus

g.d.p. is an incredible number.ember this: not only that we have a great growth, we have great growth and also very, very low inflation. our economy is doing great. number one in the world. we're number one economy right now in the world and it's not even close. >> not even close. look at the q-1 numbers. 3.21%. that is just stunning. better than the 2.2. 1.8 and 1.5 in q 1 going back to 2016. so here at the white house we are hearing a lot about future confidence in the economy and the market. and just a bit of, i told you. syou so. i think the g.d.p. report will continue. we will stay with our 3% growth rate estimate. that's been our view all along. >> boy, larry was excited today. so the president spending time in the midwest not just today but over the weekend in wisconsin in green bay for a big rally. got that big number to talk about and talk about manufacturing. i think it will resonate. neil, back to you. >> neil: all right. thank you, my friend kevin corke at the white house. the president certainly wants t

g.d.p. the hotel and hospitality sector now fears the effect on visitor numbers. the beaches are empty a result of the terror attacks most tourists have gone home others are too scared to come out of people not often winding up in the nice limits and things that seem to come that some might want to but often and yeah just pennsylvania but i conned the big because by the peace and he said democracy says. the holiday business is important for sri lanka before easter sunday the country's financial situation was already rough last month the i.m.f. extended a one point five billion dollar loan into twenty twenty analysts have commented a collapse of the tourism sector could cause the rupee to weaken in turn leading to higher interest rates impacting businesses across the economic spectrum economic impact. of such i mean it's inevitable in the short so you have to face the consequences but we as a country and as a statement that buddhism to try and you know rebuild the industry would be confidence in the mind so that travelers but they should travel this. and keep you k

g.d.p. growth that we're seeing in the indian economy not creating this required number of jobs. well a lot more needs to be done in terms of industry in terms of infrastructure in terms of also catering to the needs of the fama so a movie has brought about huge improvements for example in the services sector. and india looks very different five years ago. from from from what it's like right now that industry is lagging and we are seeing a massive levels of migration from rural areas to urban areas and unless india a something about its. very weak industrial sector and this is something that has been a problem for previous governments as well he has been trying to fix it but it's going to take a long time to fix it's not going to happen overnight. what are the tensions with pakistan over a battle kashmir have been running high recently and that's always a delicate and sensitive issue within the indian society i wonder how important is a these these news to have a look at your personal economic situation and have that influence your vote. so all their reaction to the. situation in

hard numbers are hard to come by, but g.d.p. perapita is relyport six times what it was in 1995. for the rwandan government, stitching back together the social fabric means taking a strong-armed approach to promoting a new, national identity. day it's illegal to ask if someone is hutu or tutsi. >> we need a very strong rwandan identity, and to be proud of it. >> reporter: the goal is to create a new, national sense of citizenship, one that's not built on ethnicity. one way they do that is with a progmuram callednda. umuganda is a mandatory community service program. in rwandan, it means "coming together for a common purpose." umuganda requires a day of service each month for all rwandans between 18 and 65, hutu and tutsi. >> ( translated ): everyone needs to pugticipate in da. it's the law. >> reporter: villagers here in kiyeru are clearing a field ahead of the opening of a new school. often during umugandavillagers pick an area to clean, or fix a road. anyone who doesn't participate can be fined 5,000 francs, or around $6. that's not a small sum in rwanda. >> ( translated ): aft

g.d.p. finally let's take a look at mongolia it also is beijing some three billion dollars a number that amounts to set twenty seven percent of its economic output. and we're back with my colleague clifford kuhn and now as we've seen with those numbers a lot of the fears center around country's ability to repay them and from where i'm sitting those fears look justified i think so i think there is a danger of these countries becoming client states in a way that because there are so heavily reliant on china a lot of countries are seen to be distracted by the possibilities in thailand so by thailand building a high speed rail project with chinese money which obviously the government is very keen in thailand to have but their critics say there's no way they could ever pay this back or make it profitable so i think these are these are real dangers ball you know the chinese belt and road initiative gets a lot of attention because of its scope but there are other ways to infrastructure financing why don't other countries look at other routes well this is something particular in europe that people are t

lost in the economy you could look at it in a number of different ways the fact is that the united states generates many chinese of dollars worth of g.d.p. and does credibly inefficient way that leaves out all the people that are responsible in part to create that g.d.p. and harken back to.

get lost in the economy you can look at it in a number of different ways of fact is that the united states generates many chileans of dollars worth of g.d.p and does credibly n.s.o. .

lost in the economy you could look at it in a number of different ways the fact is that the united states generates many chinese of dollars worth of g.d.p. and does so in an incredibly inefficient way that leaves out all the people that are responsible in part to create that g.d.p. and if he harken back to a couple of decades ago and on this show we were covering this ten years ago carbon guzzling cars would pay extra and that extra would trickle down to people who didn't drive any cars right so you end up with the fulcrum you end up with a balance in the economy the point of equal equilibrium in the economy and that's something that economists talk about all the time is this point of equilibrium between supply and demand between. kind of all the incentives that are based in the economy that point of equilibrium needs to be readjusted so that the flow of capital for example as i've. had many times social security accounts should have a mandatory one percent of all stock bond for extractions should go into social security so that every individual will say when they become a team they've got fifty sixty thousand dollars in there that they

g.d.p. expansion, we're blowing through those numbers. now, it's too early to ever make a prediction like, well, the additional productivity, the additional number of folks working, the less demand on social entitlements because there's work, the number of americans who now have health care because they're working, all these good things that are happening in our society, but the fact of the matter is if you look at this chart and actually look at the growth and the size of our economy -- and this is a big economy. and for when it grows 3%, it's a tremendous amount of economic expansion. we're seeing numbers that, once again, those really smart economists were telling us we could not hit. where's the joy around here? the fact of the matter, whether you be on the left or the right, if you care about people, if you truly claim you love and care about people, the fact that so many of them have work now and their wages are going up, particularly for our brothers and sisters who are -- sorry to use the geeky term, the lowest quartiles -- if you

the q 1 number is 40% higher than it was last year. this morning we've had a very strong g.d.p., 6.4% ahead of expectations. i think what we're seeing now is that the credit availability in china has limited the downside metals price this is year. i think what we need to watch closely is how the authorities respond as we move into the second half of the year. what's really encouraging to me is a lot of this credibility is going into the old economy. so we're seeing good tchand coming through from infrastructure. we're seeing also a pickup in the property market in china. both of these are very important for metals demand. we're encouraged overall. nejra: we just showed a chart showing the pickup in financing. i showed a chart earlier as well that showed that commodities in terms of returns, bloomberg commodity index, have lagged how far equities have risen this year. we see something like a 7% rise in bloomberg commodity index this year. which metals do you think will jut perform more going forward ased on the outlook for china? >> part of it is going to be people's view in term

numbers are difficult to grasp. we are talking about 11% to 13% of our g.d.p. in 2022, rising to 13%, 15% in g.d.p. in 2031 being added to the federal ledger. we do the not have historical experience with permanent government expansions of this size. to provide a sense of the magnitude, the study notes doubling all current individual and corporate income taxes would be insufficient to finance the lower bound estimate. now, to be clear, these would not be the total costs of medicare for all. this would be the federal government's new cost above and beyond currently projecting -- projected health obligations. it would be somewhere between $54. trillion and $64.7 trillion. the vast majority of the costs would arise from the government of health spending by others by state and local government, private insurance, and individuals in the payments out of pocket. other aspects of medicare for all would add to that existing health fend spending. still others are intended to bring costs down. the biggest factor increasing health spending under medicare for all would be its expansion and increased again rossi

number one, we have to make sure that the economy is booming. i think that's what the president is doing with the tax cuts and making sure that we have this continued g.d.p. growth. and that's ultimately what we're going to have to grow out of way out of this a lot. now, the big question, really the unspoken aspect, we're going to have to tackle entitlement reform at a certain point if we're going to get the overall both the budget and then the overall national debt under control. that's something i would like to see the administration take a tougher position on, maybe in a second term. we saw obvious that will former president bush tried to dive into that right in the beginning of his second term, didn't work out quite as well. until we do something on the entitlement reform, this is going to be a challenge that confronts both president trump and any future president. host: lynn is next, independent in bishop, california. caller: yeah, good morning. you know, i would like to see maybe c-span have some people on that are actually showing what is being done instead of all this investigation. everybody knows how corrupt washington is and the rest of the co

g.d.p. grew at 3% a year. a dramatic he increase from the past. 215,000 new jobs have started, on average, every month since the tax cut change -- 215,000. those are very strong numbers across the country. unemployment has gone to 3.9% since the enactment of the tax reform. beginning in april of last year, the number of job openings in the national economy has exceeded the number of unemployed americans, something that's not been recorded prior to april since records have been kept. so starting this past year, there are literally more people searching to be able to find other opportunities than there are opportunities out there because there are so many jobs open. so many companies are still trying to be abe to hire and looking for -- to be able to hire and people looking to stay at their same job, get better pay or switch to a new job and get more opportunities. that's more opportunities for more people to transition to a new job or make more money at their own job. what about wages? as a result of the economy, wages have gone up 2.9% just since the tax cut. that's individual wages have gone up. what happens to income during that time period? let me go back to the o

number one, we have to make sure that the economy is booming. i think that's what the president is doing with the tax cuts and making sure that we have this continued g.d.pgrowth. and that's ultimately what we're going to have to grow out of way out of this a lot. now, the big question, really the unspoken aspect, we're going to have to tackle entitlement reform at a certain point if we're going to get the overall both the budget and then the overall national debt under control. that's something i would like to see the administration take a tougher position on, maybe in a second term. we saw obvious that will former president bush tried to dive into that right in the beginning of his second term, didn't work out quite as well. until we do something on the entitlement reform, this is going to be a challenge that confronts both president trump and any future president. host: lynn is next, independent in bishop, california. caller: yeah, good morning. you know, i would like to see maybe c-span have some people on that are actually showing what is being done instead of all this investigation. everybody knows how corrupt washington is and the rest of the coun