paul: dan, i don't know if you saw, gary cohen, president former economic economic adviser said thatdermine if this gets out of control, the trade tit for tat and the president is fighting with europe and mÉxico, canada and japan and now china, this could escalate in a way that puts a big dent in the economy, do you agree with that? >> i agree to the extent that yes, it could, we are not there yet, but we need some results if we are going to avoid that result and we just have not seen them yet but it's very complicated. the trump administration is kind of playing three dimensional chess here. we've slapped $50 billion of tariffs on china, who we want to help us negotiate denuclearization with north korea, all right, and as mary suggested, we should have our allies along if we are going to rightfully target china's trade practices, however, we have also targeted all those allies britain, europe, japan, south korea, with tariffs of their own. so this is a very complicated process and i presume the white house has a plan but if it doesn't pan out, gary cohen is right, we will start seei

what are your thoughts on gary cohen's comments? conventional wisdom tariffs are taxes on an economy. the trump administration cut taxes, so this is a tax increase, which slows the economy. now, it's hard to say how this plays out. it's still a tiny portion of the economy. but now we raise tariffs, china raises tariffs. goes back and forth. what is interesting, everybody agrees there's a problem with intellectual problem in china. but there's areas that china feels that they need to continue their growth. it's important to china's future. those are just going to invite more retaliation and goes back and forth. >> you talk about new technology and so forth. china agreed to pay a half billion or $50 billion fine for that. it's interesting because now you're getting down to the people that support trump. the technology people different. the people that support trump, the farmers are affected by this. they're concerned. midwest farmers are very concerned this is going to hit them where it hurts. those are trump supporters. >> yeah. you

it is one of the essential reasons gary cohen is not there anymore.s listening to the protectionist viewpoint here. the president is basically saying, i'm friends with president xi. this will work out but we have to do this. it's unclear if he fully understands the potential implications on this in red states, in trump states to trump voters here. the economy is not going to be humming along forever. long term forecasts say that inflation is coming and this could lead to that. so i think it's very -- it's a moment for him, and we're not sure how this will end, and it's not going to be good. >> it's not just china. we have the aluminum tariffs. call it what you will. this is a soybean farmer in illinois to cnbc. i'm nervous to think about what will happen if it does go into effect. in the last three to five years, with the depressed farming economy the way it is, it can certainly hamper us even further. it kind of scares me, to be honest. >> he said, i'm going to help with that trade issue. people remember it. people in this factory remember it. if we

shawn spicer,nd hope hicks and gary cohen. you get it. bottom line, o chieff staff gig, stay tuned.ght tossing and turning. that is it for the final 5 anher week. busy week and tough week. hopeou have areat weekend. morning crew here at 7 a.m. i don't want to get themearly, 7 p.m. have a good night. see you next week. good night. >>> ♪ ♪ . >>> now on "extra." gwen stefaniear tears. her powerful interview of w finding loveh blake after her marriage blew up. >> it started off writing a sono of all a anger and betrayal andr falling in love. >> opening up withip his relati with her kids. >> how special is that for you? >> and why she's ready to walk into the weekend like -- >> breaking couples' news. the true about jaime foxx and kaygh mcenan katie holmes break up news. in the extra feed, j-lo's

his previous economic adviser gary cohen stated this. >> in many respects it is helpful to our economy. if we could manufacture something in the united states cheaper or better than we could import it, we would do that. >> this got a lot of attention. that is the voice inside the white house that kept these tariffs from going into effect earlier. cohn added he believes strongly in global free trade. those remarks got a lot of play. >> didn't shock any of us. what reaction to the tariffs can the trump administration expect from china? matt rivers has the answer live in beijing for us. matt. >> reporter: dave, the reaction will be swift and it will be equal amount of tariffs the chinese will put on the u.s. chinese said within the last hour, the second the list is final on friday, they will retaliate in-kind. which products targeted? a small list. soybeans, beef, cars, fruit, small planes. these are the goods that part of the $130 billion in exports that come from the u.s. to china is what the u.s. is sending to china. china's position is they will not take this lying down. they will ret

reports from washington say that the former white house economic aid gary cohen withheld payroll numbersdonald trump. he held onto the information out of concern the president might comment on them. week move the markets last , tweeting that he was looking forward to them. news thatcks fell on the chairman is stepping down. he took the company from 11 20,000 andmore than 77 countries. his the pressure comes as a u.s. sales growth slows. and as a starbucks was criticized for the arre of two black men at a philadelphia campaign. there is speculation he may run for president. and the number of people killed by guatemala's volcano fire has risen to 62, and it is expected to go even higher. the eruption came without any warning, leaving residents no time to escape. it has had minor eruptions over the years, but you buy kuwait and were not ordered. the activity was reported to be decreasing. global news, 24 hours a day on air and on tictoc, powered by over 2700 journalists and analysts in more than 120 countries. i'm jessica summers. this is bloomberg. haidi: thank you so much. now a quick upd

the republican party has been split on tariffs for months, the issue was reportedly the reason gary cohen resigned. the house ways and means committee, confident some of his fellow republicans and democrats direct predictions for the impact of the terms on the us economy will not pan out. welcome. >> thanks for having me on. >> let's talk about these objections, we heard them from both sides of the aisle, tonight orrin hatch who chairs the senate finance committee had this to say. my position remains unchanged, tariffs on steel and aluminum imports are ataxic on americans and will have damaging consequences for consumers, manufacturers and workers. you think he has it wrong? >> i appreciate those comments but i appreciate with the president is doing, bringing disruptive policies to our trade agenda to send a message to not only our allies but mostly china but we will follow through putting american interests first. that is a firm message on the trade agenda and what i see is exactly what they promised to do, disrupt trade policies, but american interests on the same equal level playing fi

gary cohen. >> look, if you end up with a tariff battle, you will end up with price inflation.ou could end up with r more consumdebt. those are all historic ingred for an economic slowdo >> could it wipe out the benefi bill? >> yes, it could. >> now, the chairman of the counsel of economi presid has et and kevin, good to see you. now, look, i know the presid point to some good statisti statis but gdp was revised down. just y and th labor department, the bls came out and said there has not been an inkrecrease in hour wage fls a year ag not in supervisory a decrea do the things concern you? >> well, the wage are some says that up a lot growing at 4% a year, but in first quarter gdp numbers, the 2% number was probably a 2.8 becaus there's this leftover season and the thing we have b looking for -- >> so you don't buy it. >> no, but something you an talked about before was that we expect a capital spending boone because of the tax cuts and the it was revised up in the first quarter and right now, people tat quarter north of 4%. i thin signs are that the tax cuts are working as we h

if i could cite gary cohen and some others who recognize the fact that yes, he is the president and i have the staff guy but they could go in there and shoot the breeze and needle him and treat him like a regular guy. hr could not do that and he never got over it. trump likes to enter a people -- trump likes to interrupt people and take the conversation in a lot of directions and mcmaster would wait until there was a pause and pick up the same sense again. trump found that annoying. mr. hayes: is it the case that the president doesn't like -- you said he frequently interrupts and moves around. he has a reputation for not paying attention to details. he makes visceral judgments, he does not get bogged down in details. is that fair? mr. anton: i guess but i would wonder even if it is fair, is a useful for a president to get bogged down in details? isn't that why you have a staff? especially when you have to have in your head every issue. you need people to come to you -- the level of detail that mcmaster knew about the syrian civil war would not have helped a president make good decisio

happened in the first year administration we clearly had conflicting voices of the globalist, the gary cohenme with the thing on the nationalist. i think as president trump looks at the midterm and the republican party paul ryan quit. the republican party has had attitude we'll fight it district by district. what trump has done i think is moved aside the chief of staff. he is now -- five or six people directly report to him. he has a new nec, new ncs. nick mulvaney reports to him coms reports to him. he is executing on his plan on the promises he made up until build the wall which i'll get to in a second. this is playing for november 6th of 2018 it's a base plus election. okay if you want to limit -- by the way it's it's up or down vote on impeachment. trump son the ballot in every district. this is not some democratic congressman versus republican congressman. this is donald trump versus nancy pelosi and sometime. >> and he is nationalizing it using immigration. >> you are seeing more of this. more of the central beating heart issues. immigration is definitely one. >> thinking about footbal

he's become obsessed with that one figure, the advisers including gary cohen who had most likely to talkme, buy time, it looks like time's up. >> how does north korea play into all of this, obviously china is part of the possible denuclearization of north korea. do you think that could change things? >> no, that's a very astute question. and yes, that's a twist in this, our sources say that if china is cooperative and helpful with north korea, the president very much can pull these back. so this is a little bit of continuation of that storyline we've seen where the president threatens, threatens and what he does in the end is never as bad as what the markets fear and what it looks like from what he's saying. >> let me ask you about this interesting dynamic to all of this as this trade war kind of slowly unfolds there's an interesting appeal coming coming out of old-time film makers. >> parts of movies are script and filmed to afeel to that arctic and more accurately to avoid getting the wrath of chinese censors or the chinese government. so hollywood has always paid a lot of attention, b

what i think happened is, in the firstier, we had these conflicting voices of the globalists the gary cohens masters who are good guys. they've come up in the nationalists. i think as president trump looks at themid-term election, right, a and the republican party, paul ryan has quit. the republican party has had this at sued it will fight this. >> what trump has moved beside the chief of staff. five or six people report to him. new nsc. nick mulvaney reports to him. he is doing what he wants to do to execute on his plan and that plan he sees is the promises he made up until build the wall, which i will get to in a second. this is clearly playing i think for november 6th, 2018, it will be a base plus election. few want to limit. by the way, it's and up or down vote on impeachment. trump is on the ballots. this will be donald trump versus nancy pelosi and he's nationalizing it using immigration. >> you will see central beating heart issues. >> no, i think kanye west, what he is doing is that the black america is now understanding. hey, i've got the lowest unemployment in history. my wages is

happened in the first year administration we clearly had conflicting voices of the globalist, the gary cohensters good guys but they come with the thing on the nationalist. i think as president trump looks at the midterm and the republican party paul ryan quit. the republican party has had attitude we'll fight this by congressional district by congressional district. what trump has done i think is moved aside the chief of staff. he is now -- five or six people directly report to him. he hasew nec, new ncs. nick mulvaney reports to him coms reports to him. he's doing what he wants to do to execute on his plan and that plan he sees is the promises he made, up until build the wall which i'll get to in a second. this is playing for november 6th of 2018 it's a base plus election. okay if you want to limit -- by the way it's it's up or down vote on impeachment. trump is on the ballot in every congressional district. this is not some democratic congressman versus republican congressman. this is donald trump versus nancy pelosi and tom stein. >> and he is nationalizing it using immigration. >> you a

anna: that was a gary cohen speaking in washington, d.c. mackenzie joins us from beijing with the latest. what do we know at this stage about the sarah: -- about the tariffs? >> we know that by the end of the day on friday we will get this list of tariffs focused on high imports -- imports. there will be duties on about $50 billion worth of goods. prettys telegraphed clearly by president trump early in the week when he gave an interview and said he was going to be taking tough action on ,hina when it comes to trade but of course that does not help the global economic picture. he appears to be defined -- defying the warnings of the imf about what this may due to the global economy. immediately we are looking for that chinese reaction. anna: we are looking for the chinese reaction and how they are -- how are they expected to respond? us theyrces have told are going to respond once the tariffs have been announced. tariffs are expected to be soon.ted -- enacted china is going to hit back pretty quickly in kind. frome expecting tariffs china on

have kim kardashian -- >> i'm looking at them too, if you don't mind -- >> are you worried that gary cohen might flip? >> look, did i nothing wrong. this stuff would have come out a long time ago. >> it's really nice. >> is he still your friend? >> i haven't spoken to michael in a long time. >> is he still your lawyer? >> no, he's not my lawyer. >> your personal lawyer -- >> i always liked michael. do you mind if i talk? >> just want to know if you're worried he's going to cooperate -- >> no, i'm not worried because i did nothing wrong, nothing wrong -- >> got it. >> mr. president, about don jr., did you dictate the statement about -- >> let's not talk about it. you know what that is? it's irrelevant. it's a statement to "the new york times." the phony failing "new york times." just wait a minute, wait a minute. >> to clear it up. >> that's not a statement to a high tribunal of judges. >> understand. >> that's a statement to the phony "new york times." in fact, frankly, he shouldn't even speak to "the new york times" because they only write phony stories anyway. although yesterday they wro

. >> now that you mentioned that, gary cohen is talking right now from "the washington post" whos hadressed interest in thintech there are pockets that are interested >> this is the most important thing. paypal i happen to love paypal. >> the dogs -- we're going to talk to faber in a minute about comcast, disney, fox a lot to get to this morning we'll monitor gary cohn, and the first chance we've heard from him. when we come back, mark mahaney has a few challenges involving amazon as you know, the dow and s&p is coming off the highest loss since june and a drop on the nasdaq would be the first since may and the futures look pretty good here. back in a minute find the remote yet? nah. honey look, your old portable cd player. my high school rethainer. oh don't... it's early 90s sitcom star dave coulier... cut...it...out! [laughing] what year is it? as long as stuff gets lost in the couch, you can count on geico saving folks money. fifteen minutes could save you fifteen percent or more on car insurance. that's confident. but it's not kayak confident. kayak searches hundreds of travel and

gary cohen agrees with you. china is saying we will buy $70 billion of u.s.ds, that's off the table if those tariffs go into effect. the point being, china could come back and say we will buy $100 billion of u.s. goods. it's a process, negotiating tit for tat. ashley: i think the market is getting used to a world where donald trump and his negotiating tactics, this is back and forth, tit for tat with china, ultimately it gets resolved but in the interim the headlines, yeah, they shake the markets for sure but i don't think it's going to derail them by any means. stuart: jack, still with us, we talked to you before the market opened, you're not surprised that it has not gone down more, you think it should be down some more on the trade news? >> yeah, well, i think that investors are probably waiving offer a lot of the news as you mentioned this is headlines rhetoric, it's not necessarily policy. but i do think this is one of the things that, you know, that does bother mement i do think that if you really ask democrats and republicans and most americans they do

cohen,at today, gary when he had a job, did not give the president the jobs numbers the afternoon beforeed something like this would happen. mr. kudlow has said i gave him the numbers. he had them. alix: that is hyster he purposely did not give him the numbers. sarah huckabee sanders saying the job number tweet was fine. david: it did not give you the number, wink wink. alix: if he does not tweet next job number that we need to sell the market? david: i think they will be more constrained. alix: mr. ku going to be like, hey guys don't give him -- david: the leader of the free world you cannot trust with the jobs numbers. an update on what is making headlines. emma: larry kudlow told fox news rule breaking is going on all over the place and the president is responding to years of trade abuse. china says it the u.s. imposes tariffs they could back out of commitments to reduce its trade surplus with the u.s. the you cable seek a break in brexit talks. theresa may's government is the parent to publish its plan to keep the u.k. under european union customs rules for longer. the plan would all

gary, thank you so much. there's breaking news ahead. investigators say they've reconstructed 16 pages of shredded documents collected in the raid on michael cohennext week cnn will have a series about individuals and organizations who have made an extraordinary difference in people's lives. take a look. >> all next week, a special cnn series. our anchors profile champions for change. >> we tell story of change makers. >> we're joining their mission to make a difference. >> giving time to the causes that are dear to our hearts. >> and sharing the stories of the champions leading the charge. >> it's for a great cause. that's motivating? >> to help them in a way that helps them see this is not the way your life has to be. >> to do something that is meaningful. >> they are the kinds of students any community would be blessed to have. >> it just warms your heart that you could help someone with food. >> welcome. ♪ >> join the journalists of cnn as we work alongside champions for change. >> all next week. presented by charles schwab. el f non-drowsy children's claritin allergy relief. the #1 pediatrician recommended non-drowsy brand. because to a kid

gary cantara. we will also not joined by representatives from -- be joined by representatives by joseph duffy, patrick fosdahl, chris buck, and brent cohen. the board meeting guidelines are as follows: the board requests that you turnoff or silence all cell phones and other electronic devices so they will be disturb the proceedings. please carrie on conversations in the hallway. for those people standing by the door, can you please move away for fire code reasons? we have to keep it open. appellants, permit holders and department respondents are each given seven minutes to present their case and three minutes for rebuttal. people affiliated with these parties must include their comments in the seven or three minute period. members of the public who are not affiliated with the parties have up to three minutes each to address the board and no rebuttal. you are asked but not required to submit a speaker card or business card to board staff when you come up to speak. speaker cards are available on the left side of the podium. the board welcomes your comments or suggestions. there are customer satisfaction surveys on the podium for your conve

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gary chan and adrienne hider. we had a fantastic group of consultants that were from the neighborhood, david fletcher and his team, fletcher studio. and the wonderful leadership and stout support from supervisor cohen. the korean benefit district, dogpatch neighborhood association has been some of the many groups that have put their back in this moving it forward to making sure that the priorities that you are seeing today are aligned with the public's priorities. and, again, our colleagues at the m.t.a. and public works, rec park and s.f. port. with that, i will turn it over to john to do a quick introducti introduction to someone with their first appearance today. >> i would like to introduce you to sun hahn, who has been with the planning department since 2016. she's been lead urban designer on several projects on this one and on our street scape design team. she worked at placeworks and worked on street scape projects before joining us, including the milbury station plan. before that, interned with city of berkeley, assisting with developing streets and open space plan and has a masters in city and regional planning from berkeley. we welcome her to the commission. >> president hillis: welcome.