gary cohn, you couldn't have a better adult.can run goldman sachs, the economic piece of the white house. reince priebus knows the hardware in the plumbing of washington. steve bannon is the vicar of a philosophy, whether you agree with it or not. you can agree with it or not. megan: that's the last time you with your man and described as a buddhist monk. tom: he has a point of view. all these other things on the leaks come from management by confusion. command and control is the president. to give you an example, the president goes to i.m. pei. he says what you want me to do? i want to use your name and i will design the building. true story. he says i want you to build it. i don't really want you to build it. i need your bond and i will negotiate the drywall contract. he has the plumber command, the electrical. today you want to the white house you are walking into -- there is no james baker. there is no differentiation between him and what is happening in all the spheres. that is how he manages. the death by a thousand leaks

gary cohn, you couldn't have a better adult.can run goldman sachs, the economic piece of the white house. reince priebus knows the hardware in the plumbing of washington. steve bannon is the vicar of a philosophy, whether you agree with it or not. you can agree with it or not. megan: that's the last time you with your man and described as a buddhist monk. tom: he has a point of view. all these other things on the leaks come from management by confusion. command and control is the president. to give you an example, the president goes to i.m. pei. he says what you want me to do? i want to use your name and i will design the building. true story. he says i want you to build it. i don't really want you to build it. i need your bond and i will negotiate the drywall contract. he has the plumber command, the electrical. today you want to the white house you are walking into -- there is no james baker. there is no differentiation between him and what is happening in all the spheres. that is how he manages. the death by a thousand leaks

cohn -- know gary for a long time. he's a very sophisticated and shrewd individual who is not double talking. i mean, he's basically saying, look, he talked about coal. you know, it's one of -- it's certainly one of the pillars. i think the problem we all have is that if things continue to unfold the way they do which is that -- that there is not a lot of cooperation then the president has a good spokesman in gary cohn. but where does it go? i mean, it goes to the american people. but it does not go further -- it does not go to the other branch of government or to the supreme court. it just doesn't go to those. and in order to get something done beside executive order, it's got to go to them. we need to see tangible action. >> conagra? >> yeah, let's do -- >> huh, conagra? >> we want to get to dom, to the markets in general. but before we do that, i did want to get to a story yesterday that moved shares of pinnacle foods higher. much higher. >> yeah. >> we spoke about the idea that conagra had engaged some point, this

i'll speak live to the president's chief economic advisor gary cohn. secret meeting? his kremlin contacts and whether he might have committed perjury. senators confirming condition's reporting about a possible third undisclosed meet willing with a russian ambassador. >>> day of reckoning. the day is set for fired fbi director james comey to go private about his private conversations with president trump. will his senate testimony be a game changer? >>> acting alone. the house intelligence committee chairman under fire for unilaterally issuing subpoenas related to the russia probe. tonight, a top democrat is accusing devin nunes of violating his pledge to step aside from the investigation. >>> we want to welcome our viewers in the united states and around the world. i'm wolf blitzer. you're in "the situation room." >> announcer: this is cnn breaking news. >>> breaking news tonight. a major decision by president trump that may have huge global consequences. he just officially announced that the united states is withdrawing from the landmark paris climate agreement aimed

d let me give a shout out to director gary cohn and other senior advisors to the president who are joining us as well. it is an honor and delight for the department of transportation to host all of you. now both president trump and secretary zinc and i have just participated in a round table with state department of transportation directors. and the challenges of infrastructure permitting. we're so fortunate because this president is a builder and he understands immediately what the state directors of transportation were saying. he understands the challenges facing our country's frastructure better than any national leader in recent history. and i can tell you from experience he is a good listener as well as we have just seen. he takes to heart what people in the real world tells him and delivers. and that's why he made rebuilding our country's crumbling infrastructure one of his top priorities. the president designated this week as infrastructure week to call attention to the need to change the way that the government regulates infrastructure permitting. the current process takes far too

corporations like goldman sachs, gary cohn has top economic advisor came out tweeting for the first time about this, because it's such a bad deal. when you have exxon, doesn't even want it. eric: that's not what i'm saying. let's bring it-- wall street says new record highs, putting in money for the future of the economic growth, not what president obama did eight years ago. it's for the future and if jessica's studies were right and there's going to be $8 trillion of lost gdp, there's no one in their right mind on wall street that would put money into that. >> it's fascinating. the piece on the startups they were going to struggle because of paris climate agreement and then you have this individual come out and basically say he's running one of the companies, oh, no, our investments are going to be fine. yes, it's disheartening that we're not part of the paris climate agreement, but clean energy, those investments are going to continue because the united states is a leader in terms of innovation, of clean energy, as well as oil and energy production. so, i think that even say that that'

economy where we think we can drive real job growth. >> gary cohn of the white house. ali velshi, while i appreciate his point we're only lending to the most credit worthy borrow borrowers, that's a good thing. when we weren't, that got us into the subprime process, loans have gone out to say they e not is an overstatement. we also ovste t growth of small busisses, we have many people in the republican party, the president at one point was talking about a border adjustment tax. think about the amount of people losing their jobs in retail. what a border adjustment tax would do to retailers to clothing manufacturers, kill it, absolutely kill it. >>. >> i want to continue to wish you a happy energy week. even his former employee, go goldman sachs does not share the optimism getting to 3% economic growth is easy. your point is important, if it's true that this administration in its work can get us to 3% economic growth, you and i and a lot of americans would wholeheartedly support that but -- >> without a doubt. it's kind of like my weight loss goals. i really plan to be 1

you have gary cohn talking about trade with south korea. but really we're at the highest state of tension that we've been at with north korea in a long time. how do you assess the way this conversation has been going? >> just a couple of things. one is the fact -- i thought it was interesting that china figured quite largely in the comments, is sense that there's a lot of work to be done in the trade relationship with china. so of course they led off by talking about the trade deficit with south korea and the need to renegotiate of course fta is of course something moon will take back to seoul and have to think hard about. but the mention of china as potentially the larger problem and then the u.s. saying that it's something that they think maybe the u.s. and south korea need to work together to address, i thought that was quite interesting. so it was kind of saying that we have this bilateral issue we have to work through but we also have this other issue that we can work on together. so i thought that was quite balanced. and, you know, on

onid: that was gary cohn boomer television.us daily press briefing, chop -- scott pruitt expected to address reporters. we'll bring that to you live. this is bloomberg. ♪ this is bloomberg markets, trump economy. we are writing for the white house daily press briefing, scott pruitt is expected to join --n spicer there to address will bring that to live as soon as it starts. it to the headlines on bloomberg first word news. mark crumpton has those. mark: secretary of state rex tillerson told reporters today that quote, hopefully people can keep the decision to keep a paris climate quote -- accord perspective, speaking aligned echelons of the visiting foreign minister the state department trade mr. tillerson said it's important for everyone to recognize united states has in his word, a terrific record in reducing greenhouse gas emissions. secretary tillerson urged president trump stay in the paris climate accord. germany has passed new measures to strengthen the ability of minorities to identify and deport migrants who may be dan

and according to gary cohn, liz, some time in the ladder part of september, they are not going to drops bill until they know it will pass, which means it will happen very quickly. so what secretary mnuchin and gary cohn are saying, is that, look, it boils down to very -- three very simple concepts. the tax brackets, the rates, simplification, and economic growth. how you get there is what they're negotiating. and then you had speaker of the house paul ryan saying this will happen before. i'm going to do you one better. you said before on new year's eve. he said they're going to do it before thanksgiving. there is a roadblock. the border adjustment tax but before we get into the politics of at, and won't before or you with it, listen to what paul ryan said. >> now, i know the senators and naysayers are going to be out in full force. you will hear that tax reform is coming along one day, and then you will hear that tax reform is dead, and then you will hear that it is back on track, then you will hear that it is on life support. sometimes you will hear this the same week. sometimes you w

later, more of our exclusive interview with gary cohn. how much of these great jobs numbers and economic data can be attributed to president trump and not president obama? it takes time for that data to find its way through the system. then we'll talk about energy. america's energy dominance. that's the white house's focus this week. what are they doing about it? >>> but next, we'll go back to capitol hill. the first real test of the president's tougher immigration stances is up for a vote today. cracking down on sanctuary cities. for your heart... your joints... or your digestion... so why wouldn't you take something for the most important part of you... your brain. with an ingredient originally found in jellyfish, prevagen is now the number one selling brain health supplement in drug stores nationwide. prevagen. the name to remember. when a fire destroyedwith us everything in our living room. we replaced it all without touching our savings. yeah, our insurance won't do that. no. you can leave worry behind when liberty stands with you™.

but mnuchin and gary cohn and a congress that has to get there. this congress has to do something.nk in a business sense, optimism, hope, boldness. when you look at why the stock market is doing what is doing, it is driven by five stocks. all we have to do is invesin google, amazon. that is the market cap of the entire world. but transparency, optimism, capital, at a time when the rest of the world isn't sovereign wealth, central-bank warfare. the only reason it's getting better is that central banks have become the governor's dejour. 10 years ago no one cared who was the central banker in any of these countries. even in our country. it was a boring job. right? now dictates tastes. when you look. we're almost in the 10th year. even in our country. everyone was to fix interest rates. all of you in the audience, all of you sitting at home are saying they are starting to drift from 5% to 4%. i'm going to lock. i'm just going to lock wages rates in go fish. in the last 15 years you would have been wrong. an amazing phenomena. everything is getting cheaper. everything is getting interme

gary cohn it's a pleasure.uch for joining us, sir, we appreciate it. >> my pleasure as well. thank you. stuart: remarkable stuff, i got to say. i mean, i don't think mr. cohn is used to appearing on television that much but now, he comes on like a real pro. you can't deviate this guy. you just simply can't. i stay on the economy. look who is here, john lonski moody's managing director. okay, i want your reaction to i'm going to call it disappointing jobs report, only 13thousand. >> it is disappointinging. moving three-month average to jobs growth is down to 140,000 of jobs a month if i go back historically, when the recovery drops to 130,000, guess what tends to happen six to 12 months later? stuart: what? >> recessions. stuart: do you think we're heading to recession? >> i would keep an eye on this thing, tells me hiring activity is running out of steam. not a total surprise. let's not forget that business sales growth hasn't been that great. profitability in a broad sense hasn't been that great. stuart: we go

gary cohn is also the key driver of much of the president's agenda.at despite the noise we are hearing on russia, they are determined to make progress on health care, tax cuts, and also their big focus all this week, which is increasing u.s. energy exports, which means more american jobs. >> the president is very committed to health care. the president has talked about what's going on with obamacare, how it's affecting our citizens, how the service has gone down, and premiums have gone up. how there's many counties out there that are offering no health care options, no providers out there. the president is committed to fixing this. he's meeting with the senators as we speak right now. he is actively engaged and wants to see this to the finish line. >> how do you fix it when it appears like republicans don't have a consensus? >> the president is a dealmaker. he is i was talked about himself as a dealmaker. this is a deal he needs to make, there are issues that need to be worked out, and there were in there talking to the group. they are trying to credi

gary cohn has another life after this.owell is one of the smartest, most respected people in the world. the rationalization, gary cohn said the reason he's still there, wants to do his best, do everything he can. i think all these guys have that patriotic thread, but at some point, they're going to go, i can't help, and i'm out of here. >> you're nodding. >> i agree. i thought one of the reasons -- one of the things about mattis and tillerson, he didn't know these people, president trump didn't. i was reassured, he has the ability and capacity to reach out and fill his cabinet with people whom are validated, accomplished and frankly don't need these jobs to make a few extra bucks or for that matter get another job. i think listening to mattis who made comments overseas suggesting to people, look, don't worry, things are going to be okay to allies around the globe, that's why i'm here. you can only do that so many times before you lose your own credibility. i am hopeful the president does not give them more opportunities or

perhaps gary cohn could say a few words about trade. >> thank you mr. president. as you know, much of our biggest problem on trade has to do with our economic relationship with china. we have maintained a very large trade deficit with china and it continues to grow. as wilbur said, china has many predatory practices in the way they deal with us. intellectual property and trade barriers for us. we are forced to transfer technology into china, forced to have ventures in china, we have nonterrorist barriers unable to own companies in china as well and we are dealing with all their policies. at some point, we would be interested to hear about your chinese policies and how you can help us in dealing with china's policies. >> thank you very much. the fact is that the united states has trade deficits with many, many countries and we cannot allow them to continue. we'll start with south korea right now. we cannot allow this to continu continue. this is a statement that i make about all trade. for many, many years, the united states has suffered from massive trade deficits

like seen top advisers gary cohn walking in.s for prosperity, who spoke on our network earlier today about why moving from the agreement is noteworthy. we should note that the president is from elaine a campaign promise here today but it also comes on the same day that he has punted a decision to move the u.s. embassy from tel aviv to jerusalem. the administration feel this is a way to fulfill a campaign promise. they also feel that this is, for lack of better terminology, a waste of money. they feel that they will meet emissions standards without the paris accord agreement. they also feel that technology will help to innovate any type of climate change. there is skepticism that the agreement will actually help. i can't underscore this enough. when you have big banks like citigroup, morgan stanley, a host of others, all saying that this is a bad idea, this sends the wrong signal to our global sends a very this clear line in the sand. clearly a lot of the preannouncement celebration going on. julia: getting louder and louder. sca

director of the national economic council, spearheading energy week, former head of goldman sachs, gary cohn. we covered a lot of ground and dug into -- you'll see. >> has people so energized obviously health care. the senate bill as it stands according to the cbo report, 22 million people will end up uninsured, this is polling in the teens and there's campaign promises that aren't met. if it goes through, will the white house sign it? >> first of all, thanks very much for having me today. when you say if it goes through will the white house sign it, as you know the white house has been working nonsp with the senate to come up with a health care bill that the senate can pass and we can sign. we are very actively involved. we think we're going to get to a place where we and the senate can agree on a health care bill. >> can you sign something that cuts medicaid. you yourself have said if you're on medicaid you're not going to lose it. there's people who are going to lose it. >> we'll have to see what the final piece of legislation that comes out to the senate looks like. we really want to get

gary cohn, you couldn't have a in theadvisor -- adult sandbox. if you can run goldman sachs, you can run the economic piece of the white house.reince priebus knows the hardware and the plumbing of washington.and steve bannon is the victor of a philosophy, whether we agree on it a not -- or not, he's like a buddhist monk. reporter: that's the last time you will hear steve bannon described as a buddhist monk. [laughter] >> he's very bright and capable and has a point of view. all these other things on leaks come from management by confusion. there's no command control. the command-and-control is the president. to give you an example, the and says ioes to pei want to design a building. he says i want to use your name and i'm going to design the building. then he goes to a builder. but i don't really want you to build it. i need your bond. i'm going to negotiate the drywall contract. he has a drywall contractor come in. he has the palmer and electrical.today, you walk into that -- white house and the office, baker.t james there's no differentiation b

gary cohn is saying it's time to do this, this year with.ons as to whatever they come up with would be retroactive at the beginning of the year. gerri willis, how doable is any of that? >> well, it's a great question. i believe if i understood this right, paul ryan wants tax reform bthbeginninof deer hunting season, and that would be the saturday before thanksgiving where he lives. it's a long way to go. and keep in mind, it's not the only thing that congress is having to deal with right now. we're also talking about health care. but just to break down a little bit of what he said about reform, i think you mentioned a big headline here, border tax may be out the window. didn't come up today. but he did go over some of the details we've heard before. so death tax, out. alternative minimum tax, out. again, we we take seven brackets, we move them to three brackets. i'm talking about the individual tax side. he also talked about corporate taxes, but in the text of his comments i didn't want see him go -- i didn't see him go at the level of taxat

mcmaster and gary cohn penned in the "wall street journal" last week and i think it's a big shot. i think the climate accord and pulling out in paris is the latest. >> rose: we conclude with a conversation with actor brian cox in his new film, "churchill," he plays the prime minister in the days leading up to d-day if june of 1944. >> we have churchill the hero, churchill the master of the second world, churchill the great rhetorical speaker and broadcaster, the guy who got us through war with his broadcasts through there wasser churchill. >> rose: the challenge facing donald trump, james comey's testimony and actor brian cox when we continue. >> rose: funding for "charlie rose" has been provided by the following: >> and by bloomberg, a provider of multimedia news and information services worldwide. captioning sponsored by rose communications from our studios in new york city, this is charlie rose. >> rose: we begin this evening with politics. former f.b.i. director james comey will testify before the senate intelligence committee thursday. it is one of the most blic appearance si

joining us now the chief economic advisor to president trump, gary cohn. thanks so much for joining us. >> thanks for having me, wolf. it's a pleasure. >> let's get through some specifics. last week you said the president was evolving on climate change but he just pulled out of an agreement that post experts believe is the best hope for preventing its worse effects. does president trump still believe climate change is a hoax? >> president trump believes is he was elected to grow the u.s. economy and provide great job opportunities for american citizens. what he believes he did today was do exactly that. he's always been committed to the american workers and american jobs and the american economy and this is part of his approach to grow the u.s. economy. >> but he has said repeatedly during the campaign, he said very often that it was a hoax. at one point he tweeted the concept of global warming was created by and for the chinese in order to make u.s. manufacturing noncompetitive. he tweeted ice storms roll from texas to tennessee and it's freezing. global

mcmaster and gary cohn penned they said the president did support article 5.hat point did he say that? >> what the europeans heard and it's clear what the europeans heard, particularly angela merkel when she went back and talked to her audience they heard there was not support for article 5. it doesn't matter what h.r. mcmaster says in the "wall street journal." about this being for a domestic audience, the applause when he said the word sovereignty was amazing. so clear that was a code word for them, we are russia and inviable. i wanted to ask max a question, this strategy of saying patriotically minded people might have done it sounds like the way journalists get killed in russia, which is the government doesn't kill them. gangs kill them. the government doesn't do anything about it. it's sort of indicates who a good target might be through casual language. do we, does the u.s., the western community, have any way of dealing with these kind of gray zone actions that aren't an overt violation, but we know what happened. >> we've been back footed by it and you

vonnie: gary cohn, we spoke to him earlier on bloomberg, one of the things he said is they are goingo fix tax policy and drive infrastructure. will they get it done in the first term, let alone in 2017? >> that is the $20 trillion question. the size of our government debt. u.b.s. believes we will see tax reform late this year or early next year. the scope and depth of it and whether it will translate into increased fiscal stimulus is an open question. vonnie: do you have a best case scenario? >> we do see modest, comprehensive tax reform. what we have been focusing on and the market has rightly been there ison is the idea one issue with regard to taxes that both sides of the aisle agree with, and that is repatriation. and that is part of the reason you have seen technology and health care outperform this year because those are the areas of the market were all of the offshore cash is centered. i'm looking at the data inflows in european stocks. inflows just had their biggest week in months. u.s., discuss. >> the value proposition in europe is more attractive than the u.s. at the prese

economic council director gary cohn on bloomberg daybreak: americas today.ussia,p, we go to talking global demand and a possible ipo. that exclusive interview is next. this is bloomberg. ♪ vonnie: live from bloomberg world headquarters in new york, on vonnie quinn. mark: live from london, i am mark barton. roughly 60 minutes to the european close. day two of the international economic forum, and russia's big theme has been global commodities and bloomberg search after sat down with the founder of the biggest aluminum producer outside of china, oleg deripaska, discussing a possible ipo. it will happen when we have enough requests. erik: is that likely to take place? mr. deripaska: it may have been in the next -- it may happen in the next 18 months. erik: how much money? mr. deripaska: depends, up to $1.5 billion. erik: and what with the capital raise allowed to do? mr. deripaska: we offset the debt. erik:and plans are investment? there'spaska: investments, but we are supported by banks and project investors. we need enough capital for the next private -- five

positions,f these gary cohn and i are working closely to make recommendations to the president so he and i can meet all the people and make joint recommendations to the president. >> what do you think constitutes a good fed chair? >> what do you think the president should be looking for? >> we haven't made any decisions yet on the fed chair. whether we have a new one or not. it will work closely with the president as we consider all of the issues. >> what is your relationship like with mr. cohen? with hear about reports of division within the white house. what is your sense of how the economic team is working? >>>> the economic team couldn't be working better together. that is a combination of myself, gary cohn, wilbur ross, bud light heiser on trade, and we meet constantly, and i think we couldn't be working better. gary and i have known each other for a long period of time and we have worked closely together in the past. vonnie: u.s. treasury secretary steven mnuchin speaking to bloomberg earlier today. coming up, oil trading at a seven-month low. under $44 a barrel on wti 42.19. y

that is also the time that gary cohn was saying much the same.to see something move out of the house by about that same time period. so obviously they're on the same page here. house ways and means committee chair, kevin brady, do you think it's doable? >> it is. the speaker made the case, what we're hearing from local businesses which is go bold, go permanent and go now. we're making steady progress on tax reform. we continue to meet with the trump tax team, the house and senate will meet again working on this. so look, we have more work to do in the weeks ahead on unified tax reform plan. but we continue to stay on the right timetable. >> neil: chairman, when we were monitoring speaker ryan's remarks on fox business, which if you don't get, you should demand. i know you're busy. but one of the things i did catch, he didn't say word one about the border adjustment tax, the tax on imports. i'm wondering if that was coordinated with the white house to say it's dead, speaker. move on. >> he made that clear in subsequent discussions but he played th

gross andar from bill gary cohn from the white house. with30 a.m., we will speak david einhorn about the proxy fight with gm. watch for all of that coming up. this is the market action for you. futures are up after closing at a record high. treasuries are up despite decent data. 221 is your yield on the 10 year. up, jobs friday in the trade balance for april. philadelphia fed president talks on the economy. robert kaplan takes questions and luncheon in texas. baker hughes rig count, we are looking at oil, it's getting hammered. it's going to be brutal to watch that cap. david: president trump has decided to withdraw from the paris accords. the reaction worldwide was immediate, even from prominent ceos who turned to the president's favorite means of munication. climate changeed is real, leaving paris is not good. bob eiger followed soon after. he resigned from the president's council. thehead of goldman sachs cited to send his first tweet ever. he said it's a setback for the environment and the leadership position in the world. saidbeniof

that has come down on the shoulders of gary cohn and steven mnuchin. are you confident as well we'll get meaningful tax reform by august which they're committed to? >> i'm losing mile faith to be honest with you, cheryl. market seems like they're holding on to hope. that is what is dangerous here. i agree with kevin, i like the rhetoric. there is good thatting in d.c. what needs to be done just is there cooperation in congress. i make a quick comment about the today was the war on coal. it was the end of the war on miners. it was the end on the war of manufacturers. it is the end of you didn't build that era last eight years why stocks are happy. cheryl: veronica, tomorrow we get may unemployment report. i'm looking at manufacturing. how many ceos have we seen at white house last five months. do you think we'll get meaningful numbers tomorrow? >> i hope so. probably not as good as april. we need continued wage growth. that has been missing piece of the puzzle. we need meaningful wage growth to get the economy further off the ground. we need tax reform

gary cohn and i will at some point make recommendations to the president, but no decisions have been made on that. in regards to tax reform, i think as you've heard gary and i say we are very committed to get tax reform done this year. it is one of the president's top priorities for economic growth, i think the people of america understand that tharwe need ecoc growth and committed to doing that. i expect health care hopefully will get done, but regardless we are committed to getting tax reform done. you had so many questions i forgot your first one. >> let me actually follow up with you on tax reform if you don't mind. paul ryan had said today that things are on track. why should the american public believe things are actually on track with what we see going on with health care reform and it seems like the timeline keeps getting pushed? >> why shouldn't the american public believe it? of course they should believe it. we've said that, speaker ryan has said that, chairman hatch has said it. we're all 100% committed to getting tax reform done this year. >> mr. secretary, in february yo

he splits the difference between the steve bannon nationalist camp and the moderate gary cohn camp by not going to deny the science, but i'm going to stand up to these scientists who pander their salons and build up the global power plant. so it works for him at home. >> pittsburgh -- he says i represent the people of pittsburgh, not paris. pittsburgh has as many clean air jobs as these countries. it all has a price in terms of the climate and the economy, right? >> absolutely. if i may, fareed, i would just like to add a couple footnotes to what's just been said, one being that, as richard said, this is a pattern in many cases. together deeply shaking the confidence of our allies and friends in our reliability and on the jobs front, and this is part of the impact on the jobs front. i would like to inject in that in addition to the paris accord announcement that the president's administration has also sent a budget to congress that would undercut the innovation investments that are exactly the foundation for jobs of the future, exactly the investments that would position us to get a l

i mean, i think the guessing game must be so annoying hat's off to gary cohn that he's always pleasant and funny about it doesn't do what i know i would do, which is like will you shut up asking me about that. i like my job. but gary he's dealt with these issues with a smile. gary at goldman would not be smiling so much if you kept bothering him about the position. >> what about gun lack saying raise -- the people who are buying now are buying high and crossing their fingers. >> right i think that these are big think guys you know, again if you want to take your hat off about gun lock, about the bonds. but i would point out, s&p, that's old style that's asset allocation by stock glass. the thing that's happened since the beginning of the year youn't do that. you can't say you have to get out of the market. if you get out of the market you'll sell procter & gamble at some price unimaginely low you'd be dumping 3m to get back at 198 are you saying that microsoft is not going to have a great quarter? individual stocks are acting much better and this notion of the broad brush, the sickle t

. >> gary cohn, notably. >> absolutely, yep. >> well, it is interesting. some say regardless of what happens with paris, the president has already undercut the agreement anyway by executive order, so -- >> and that's one of the things inside the white house that he is being counseled, that already the united states is gutting so many of these environmental protections that you can't stay in the paris climate agreement and do both of those things. >> would it do bigger harm to stay in it and not abide by what we committed to? we'll go on, but we'll also go on about the tweet that just won't quit. >>> just when the world was ready to move on from confefe, white house spokesman sean spicer raised 1,000 more questions. he could have passed off the president's now-infamous post as a harmless typo. it happens to nearly all of us who use twitter, but that wouldn't have been nearly as dramatic as this. >> do you think peep should be concerned for the president posting somewhat of an incoherent tweet last night and that it then stayed up for hours? >> uh, no. >> wh

gary cohn, dena powell, others that have debated what this move would be and what the repercussions are. it will be interesting to watch the markets and see the fall-out from this, if there is any. they're going to spin it this is an upside and america first. this is what he promised and what he delivered. >> shepard: brett, thanks. chris wallace from washington with us as well. this idea, the checks marks on white board, that's been crucial to his dialogue and his ordinary ty throughout. if you're following along that path, this is another presidential win. >> i don't know that i'd call it a win. i'd call it a promise kept. if you want to call that a win. interestingly enough to a certain degree, the president in an effect has already pulled out of the paris climate accord. there's a number of provisions that he and his epa director, scott pruitt, have imposed. for instance, pulling out of the obama clean power plan that already made it impossible to keep the pledges that president obama did in terms of reductions of greenhouse gas emissions by 2025. in effect, the president had alread

a huge divide within the white house whether you're talking rex tillerson, dina powell, ivanka, gary cohnnon and steven miller on the other. in the end, the president went literally with the team who spoke to him last including scott pruitt. we saw many members of the administration really disappointed. >> this may not be the privatization while it is disputed between the parties, it may not be something that's disputed all that much in the white house. it may be as kristin made a point, this is legislation that existed in the past or that was drawn up in the past. it's not out of thin air. there's a possibility this could actually be something that the white house gets to put one foot forward on. that is by no means, kristin, as i'm sure you've heard, by no means is there bipartisan support on this. nancy pelosi came out this morning and said that the democrats are not going to support this. >> there's no doubt. there will be a robust debate, fight around how to move forward with this legislation. i think you're going to see that in general moving forward with the president's agenda. dem

we have gary cohn, president of goldman sachs.nd wilbur is very rich person in charge of commerce. this is the kind of person we want. the president of goldman sachs, smart, having him represent us. ( applause ) and i love all people, rich or poor, but, in those particular positions, i just don't want a poor person. does that make sense? does that make sense? ( applause ) ( audience reacts ) yeah, the federal department of (bleep), i'll have one of you guys! yay! trump, yay! ( laughter ) who is this guy? donald trump just said we need bankers to run this country and everyone applauded. right now i'm just thinking poor hillary clinton. bankers, goldman sachs bankers? that's what everyone went after her for. now trump went, yay! i imagine everything in hillary's house is bent in rage -- the spoons, the forks, bill, everyone, just bent over, like, ahhh! ( laughter ) you know, at first, i didn't get why the republicans were so ballsy with gutting america's healthcare. but after watching this rally, i finally understood their confidenc

. >> first one is just, gary cohn spoke at a meeting and kind of laid out the timeline for a bill --t to the floor of congress. is that realistic, as far as timelines go? we heard a lot of different things? i keep getting pushback. not a final vote on health care yet alone all the other things that have been talked about. do you think that is actually going to be a realistic timeline? >> i think we're working real hard. i think you saw the speaker and vice president as i mentioned at the top both talk about this. there is strong commitment to doing it. i think it is frankly bicameral and bipartisan. i saw senator warner from begin i can't earlier today talking about his concerns with the corporate tax rate, the need for it to come down to the 20s. that is great. we would love his support on a package like this. there will be very bipartisan, bicameral support for tax reform. as we move forward, the degreej% we get some of those individuals to join on, craft a bill, will determine the schedule. that is mostly a congressional timetable we have to move with. >> will there be outreach to

>> on all of these positions, gary cohn and i are working closely together in making recommendationspresident. he and i have interviewed all the people and have made recommendations to the president. >> what you think constitutes a good fed chair? what do you think the president should be looking for? >> we have not made any decisions yet on the fed chair. whether we will have a new one or not. we will be working closely with the president as we consider all the issues. >> what is your relationship like with mr. cohn? we hear palace intrigue within the white house. what is your sense of how the economic team is working together? >> i think back in on the team could not be working better together. that is a combination of my self, gary, wilbur ross, rubber zer.thizer -- robert lighthi gary and i have known each other for a very long period of time and worked closely in the past. >> the number of congressmen becomingns are controlling members of the sick go. what are concerns for have that means for sanctions, having so much sanctions under russian control? >> first of all, i do read m

the director of the national economic council, gary cohn. [applause] >> thank you all for joining us here this morning, i guess this afternoon by now. special thanks to secretary chao and your leadership on this real ly important topic, leader mccarthy, thank you, chairman shuster, thank you for your lead ership on this topic, and the many other members of congress for being here today. thank you very much. this is very important to have you here and have your support through this process. especially thank you to the former d.o.t. secretaries for being here and showing how important this issue is to the american public and your involve ment means a lot to us. so thank you very much for being here today. the white house with president trump's leadership is very excited for this important step forward in improving air traffic control in this country, which will bring enormous benefits to the public. we're going to improve our already excellent safety record. we're going to protect access to all user. we're going to speedily implement new techn