he's gary kelly. this is overheard. (moderately paced music) let's be honest. is this about the ability to learn, or is this about the experience of not having been taught properly. how have you avoided what has befallen other nations in africa? you can say that he made his own bed, but you caused him to sleep in it. you know you saw a problem, and over time, took it on. let's start with the sizzle before we get to the steak. are you gonna run for president? i think i just got an f from you actually. (crowd applauds) (crowd applauds) gary kelly, welcome. - thank you. - nice to be with you and congratulations on all your success. - well thank you. - the long and good record of putting big numbers up on the board. i was actually gonna come in here today and say, "boy, isn't it a challenging time to be in the airline business?" apparently not, the most revenue, the most profit, the most shareholder returns, the highest stock price. - the most customers. - the most customers. - the highest load factor. - you have more planes than ever. you've got more destinations

southwest airlines and southwest airlines not only works well with us but even the ceo, gentleman named gary kelly came personally involved in the issue, was thoughtful about it and instead of us doing things that would cause necessarily a fight i think mr. kelly and the mayor of the town met and found a way to hear back and so look to your amendment but i don't know the model that you followed. that's the model that i followed of trying to actually work with them and getting them to understand and see a lot of things and it turned out well at least for the people who were seeking competence in that working relationship so i want to thank you all for taking the time to be here. if you will please remember our awesome stenographer would like to get anything that you presented in writing. it allows her to get all the correct things she has to translate texting occasionally and sometimes from worcester massachusetts but you have a chance to help us out it would be appreciated and i want to thank you very much. okay we are now going to go to panel number three. panel number three would be mr. mitchell

we had gary kelly on over here, got the hedges wrong, did not deliver and jpmorgan says you got to buy i think it is just a great company. remember always made money during the period when every airline lost money then it started to be kind of steady eddie when the airlines were making a huge amount of money. now back to the old days where southwest makes money and everybody else is up and down and up and down. a record high going here i'm thinking maybe apple stocks, maybe apple slows its decline. apple has been hurting this market for the last few days as we had to -- bought the stock off the x and 8. >> defense doing well. >> boeing, raytheon, so terrific >> like raytheon, i guess. >> easy to like. so is invidia, just so we know. >> what is not faring so well. some leisure stocks. oracle, jim, the fiscal third quarter earnings season is officially upon us -- >> the oracle people never like to hear anything remotely negative and there were some people that came out and started reporting on this story about they were on the conference call as my friend eric johnson at the street write

gary: i give him another shot. >> brad: dormady, low snap. has time. throws to the corner. incomplete. kelly the intended receiver. >> gary: i would have gone one more 50-50 ball. >> brad: mcwilliams the big play. >> gary: trying to pick. run everybody across the field. god coverage to the outside. nowhere to throw the ball. c.j. mcwilliams did a good job staying home and waiting for the back. >> brad: let's see if aaron medley can put the last one behind him. 27-yard field goal to try to tie it up inside a minute. medley. dump time out before the kick? the kick is good. everybody just sort of stopped and he drilled it. evenav 20-20. less than a minute to go. fourth quarter. ♪humming ♪whistling ♪ ♪home sweet home to me ♪good ol' rocky top - woo! ♪rocky top, tennessee ♪ >> brad: rashaan gaulden's interception turns into a medley 27-yard field goal after a 31-yard march in eight plays and we're tied at 20-20. now medley's got to not kick this one out of bounds as he did earlier. >> gary: if your watching the game and you are a gator fan, it was so hard to score a touchdown in the first half an

kelly is here too. she also needs help. another grateful mouth is garyys he's homeless due to universal credit. as we head off towards his shelter, he says he's been turned down by 58 private landlords. as soon as i go to meet them and i say i'm on universal credit it's a no, "we've got no room. "we had room and now we ain't got no room". and if you tell them on the phone that you are on universal credit? they hang up, pretty much. ironically, gary's universal credit payment would cover any rent. this is where i live. since i got on universal credit, this is what happened. this is where we are now, the situation we are in. it's hard to get out of the situation because of universal credit. landlords won't accept us. so, for now, this is home. the government has indicated that parts of the public sector may get a pay rise above the 1% cap. and a lead of published today, the chief secretary to the treasury said wolpe discipline was still needed, public sector workers needed jobs that were fairly rewarded. the minister previously said that pay recommendation

steve mnuchin today, gary cohn, rth rtex tillerson, mattis, gen mcmaster, kelly. president needs strong people gary is one of them. i do think if he wasn't there, obviously there are other people who could do the job, that would be a negative to help people view potential outcomes for tax and things like that. >> going to make it more complicated for you. you've seen the speculation in the press. would he make a good successor for jamie dimon? >> it wasn't speculation someone wrote a fantasy story. the rest of you start repeating it the successor for jp morgan is inside j prks morp morgan. >> let me ask you a question -- >> like i say, i enormous respect for gary don't confuse the two. but our company is large it's global. we're a consumer business. cash management businesses several people who are unbelievably talented. i should brag, too, by the way, 50% of the operating committee is now women we just promoted one to run technology robin leopold to be head of hr we're doing a great job in that. because they're good not because they're women, by the way. >> let me

and if you look at his top advisers, general kelly, a very mod kate ran, gary cohn, jared and ivanka, trump is surrounded by people that are sympathetic towards the plight of the dreamers. i think this is not an unsubstantial factor in all of this. >> it's a fascinating piece you wrote there. thanks for joining us. for more, joined by our panel, nan hayward and baysal smiekal from the new york state democratic party. nan, let me start with you. we have the clips from the conservative media, that the voices maybe aren't getting to the president these days. but those voices are out there saying look, if donald trump goes forward with this deal with nancy pelosi and chuck schumer, that's amnesty to the republican base and poison to the republican base, he's going to lose the base that elected him. is there truth to that? >> he does run a risk with the folks who elected him. it's not just republicans as we know. he won the rest belt because he appealed to a lot of democrats who worry about those issues. >> is this amnesty to him. you saw the clip of trump yesterday saying they were forced

kelly is here too. she also needs help. another grateful mouth is garyniversal credit. as we head off towards his shelter, he says he‘s been turned down by 58 private landlords. as soon as i go to meet them and i say i‘m on universal credit it‘s a no, "we‘ve got no room. "we had room and now we ain‘t got no room". and if you tell them on the phone that you are on universal credit? they hang up, pretty much. ironically, gary‘s universal credit payment would cover any rent. this is where i live. since i got on universal credit, this is what happened. this is where we are now, the situation we are in. it‘s hard to get out of the situation because of universal credit. landlords won‘t accept us. so, for now, this is home. and michael is here. it was the flagship programme of the government‘s benefit reform said ministers had high hopes for universal credit. absolutely, and they still do, they still believe it‘s the right reform at the right time. it‘s not just it‘s the right reform at the right time. it‘s notjust conservatives, it‘s across the political spect

and bannon slammed the president's economic adviser gary cohn who criticized that response. >> my problem, and i told general kellyou side with him. i was proud to come out and try to defend president trump. >> no objections? >> you can tell him, maybe do it a better way. if you're going to break, then resign. if you're going to break, resign. the stuff that was leaked out that week by certain members of the white house was unacceptable. if you find it unacceptable -- >> who are you talking about? >> gary cohn and some other people. if you don't like what he's doing and you don't agree with it, resign. >> so gary cohn should have resigned of the. >> absolutely. >> well, michael steele is the former chair of the republican national committee. i think journalists and politicians kidiffer. my political brain says be a man, be a woman, don't say i want the sxa the honor and responsibility of serving in the white house but the minute i get near a phone, i'll trash the guy. i think this is where mr. bannon has a strong point to make. what is yours? journalists can't live with that. if you're a reporter, you want everyon

although she has a place, kelly is here, making herfor pens stretch as far as possible. another grateful mouth is garys homeless due to universal credit. as we head towards his tent, he says he has been turned down by 58 landlords. i meet them and say i am on universal credit and they say, we have not got any rooms. and if you tell them on the phone that you are on universal credit? they hang up, pretty much. gary's universal credit payment would cover any rent. this is where i live. the problem is the benefit has caused in great yarmouth means that for now, this is home. and michael buchanan is here. some depressing stories but there we re some depressing stories but there were high hopes for universal credit. there still are, certainly in government circles. they continue to say that this is the right reform at the right time. across the political spectrum there is broad agreement that simplifying the benefit system, which is what universal credit does, is the right thing to do. the problem is that some of the difficulties that have emerged as it has been rolled out are becoming more apparent becaus

chief of staff john kelly was there, gary cohn, stephen miller, they were all there.ut tax code, reforming tax code, obamacare, is that really dead. is he willing to work with democrats? is he confident with mitch mcconnell? that is what he had to say. mr. president we're here in indiana. you will launch the tax reform plan in front of this crowd. who is your tax plan intended to help? >> really the working people. we say the working people, middle class, the people have not been treated right, pete, have not been treated right for a long time. also, it is going to be for businesses where they're going to employ jobs, where they bring in jobs. it is for jobs. this is a tax plan for jobs and growth. growth for our country. it will be the largest reduction in terms of dollars of any plan ever in the history of the country. and it is going to be something very special. it is really for the middle income people and it is for the working people and it is for jobs. >> are there any rates or brackets non-negotble? >> the 20% is non-negotiable. i wanted to do it at 15%. this

jason kelly, bloomberg's new york bureau chief. cohn: coming up, garyeels confident that wages will rise. we will have highlights from our interview with him after this. from new york, this is bloomberg. ♪ miss?hat'd you there was a big week for economic data around the world, and the spotlight was u.s. jobs data for august. employers added more than forecast, while the jobless rate ticked up to 4%. gary cohn, president donald trump's top economic adviser, spoke about the report with alix steel. mr. cohn: it's part of the natural growth we are seeing with the economy could be headed gdp number 3% this week, jobs numbers still very good. i had told you at the beginning of the year, and occupation day, we would be a few percent gdp and 4.4% unemployment, you would've said those are great numbers, that would be an amazing accomplishment by labor day. overall, we are very, very pleased with where we are in the economy and the cycle. we still know there is a lot of work to do and a lot more upside, and the president is focused on that. that is why we launche

kelly is here making herfor 4p stretch as far as possible. another grateful mouth is garyal credit. that is all we've got here now. as we head down towards his tent, he says he has been turned down by 58 private landlords. since i've gone to meet them and said i am on universal credit it is a no. they have got no room. that happens but then they don't have rooms. if you tell them on the phone that you‘re on universal credit, what do they say? they hang up pretty much. the payment would cover any rent. this is where i live. the problem is the benefit is causing great yarmouth means that for now this is home. the headlines on bbc news: the governor of the bank of england gives his clearest signal yet that interest rates are set to rise for the first time in ten years. the 1% cap on teachers‘ pay in england could be lifted, after the treasury accepted more flexibility was needed in areas of skills shortage. ukip has elected a new leader — the former army officer and one—time liberal democrat parliamentary candidate henry bolton. sport now, and time for a full roundup from the

kelly. >> this from glen thrush at "the new york times" is now reporting that gary cohn, who is the nec chairo is jewish was quote, disgusted and quote, upset by trump's comments on white nationalists. >> seth: so they're disgusted, but not quitting. trump is turning every republican into golem from "lord of the rings." i support the president, and his agenda -- no! he's a crazy racist. he's going to get us all killed! [ light laughter ] [ cheers and applause ] and then -- there are the two people who were supposed to be a moderating influence on trump, his son-in-law, jared kushner and daughter ivanka. where were they during all this? according to "new york times," ivanka and kushner urged trump to take a more moderate stance, but as with so many other critical moments in trump's presidency, the two were on vacation, this time in vermont. oh that is bernie sanders' worst nightmare. [ light laughter ] his home state infiltrated by a millionaire, and a billionaire. also, how often do these two go on vacation? every time something goes haywire in the trump administration it seems like they're n

kelly is here making herfor penn stretch as far as possible. another grateful mouth is garyhomeless due to universal credit. that is we've got here now. as we head down towards his teddy says he has been turned down by 58 private landlords. since i've gone to meet them and saidi since i've gone to meet them and said i am on universal credit it is a no. they have got no room. that happens but then they don't have rooms. if you tell them on the phone that on universal credit, what do they say? they hang up pretty much. they hang up pretty much. the payment would cover any rent. this is where i live. the problem is the benefit is causing great yarmouth means that for now this is home. yarmouth means that for now this is home. we're joined we'rejoined by a professor of social policy at brunel university london. thank you very much for joining us this evening. what are the drivers for pressing ahead with universal credit, giving the warning that dame louise casey has made? i should say i have also a professor of citizen participation at the... i think it is very complex because t

are a lot of moving pieces, i think some relates to john kelly and how the president is interacting with him. let me highlight a guy i'm in gary cohn? a top economic adviser at the white house, focused on tax reform, has been out trying to push the administration's line on this and talk up the white house's position and how he wants to get it done and continues to be dogged whether he will stay, whether the white house has confidence in gear cohn. whether the president has confidence in him and while publicly the line is yes, that is also something that we have we heard in the past about people who ultimately are no longer inside the building behind me, steve. you mentioned one other thing at the top of your show about what is happening inside the white house. >> that is this decision over daca. while we know this won't be announced formally until tuesday, although, that does not preclude some tweets between the president when the now and then. it has been a subject of the internal consternation here when you talk about what is happening behind the scenes. multiple sources has told nbc for days the president is leaning towards

kelly. he is definitely more furious if we're doing a president's fury against gary cohn for his response to charlottesville and feuding with the secretary of state actually on policy matters. they have a different world view on a number of issues. >> secretary of state saying that the president speaks for himself on a sunday show this weekend when it came to his response to charlottesville. but you mentioned gary cohn, and that financial times article that he basically criticized the administration saying they didn't come out strongly enough against neo-nazis and hate groups after charlottesville. gary cohn was asked on fox business whether or not the relationship between he and the president is still okay. take a listen. >> the gossip is -- you're laughing. you know what's coming. that you're only staying in this administration to get tax cuts done. is that accurate? >> look, tax cuts are really important to me. i think it's a once in a lifetime opportunity, we haven't done tax cuts in 31 years. so to be part of an administration that gets something done that hasn't been done for 31 years

gary cohn. >> my problem and i told general kelly this, when you side with a man you side with, i was proud toomeone? >> you can tell him, hey, maybe can you do it a better way. if you break, then resign, if are you going to break, resign t. stuff that was leaked out that week by certain members of the white house i thought was unacceptable. if you find it unsenable, you should resign. >> who are you talking about? >> i'm talking about obviously gary cohn and other people, if you don't like what he is doing, you don't agree with it, you have an obligation to resign. >> so gary cohn should resign? >> absolutely. >> there are reports suggesting it may be costing him a high profile gig. so let's bring in cnpc sarah eisen live from the new york stock exchange with more on that and other news in business. sar. >> reporter: this is certainly the biggest story for us the mystery building around who the next federal reserve chairman is going to be a. lot of people here in wall street saw gary cohn as the front runner. according to this new "wall street journal" report out today, trump is leaning again

some of it relates to john kelly and how the president is interacting with him. will you met me add someone else in. a guy named gary cohn. focused on tax reform. he's been out trying to push the administration's line this and push out the position and how he wants to get it done. he continues to be dogged whether the white house has confidence in gary cohn. whether the president has confidence in him. and while publicly, the line is yes, that is also something we've heard in the past about people who ultimately are no longer inside the building behind me. you mentioned one other thing at the top of the show about what is happening inside the white house. that's this decision over dhaka. while we know this is not going to be announced formally until tuesday, that does not preclude some kind of tweet from the president. there has been a subject of internal consternation. we talk about what is happening behind the scenes. hurricane harvey changed some of the calculation. now there are those white house insiders who say how some of the west wing worry about redescribrescinding it at this moment. states that have 126,00

kelly and mattis and hr mcmaster. steve bannon is saying, you don't like it, get out. >> if gary cohen is there for tax reform, if garyohen is there as had been reported maybe because he was eyeing the fed chair job, we're learning he's most likely not getting that fed chair job. if we're not getting tax reform and he disagrees with the president -- >> what is he doing there? there is now talk that fed chairwoman janet yellen might get her term extended. >> and stan fisher announced he'll be stepping down. >> vice chair. he just announced yesterday he's stepping down. >> this is the guy who taught economics to most of the leading economic minds on the planet. you got no stan fisher, unclear if janet gellen is staying. could it be a -- i know financial markets are focused on it. maybe now gary isn't focused on the job. >> they're playing music. >> that's the hook for the two us. >> saying we have to pay for the show somehow. when we come back, millions in south florida may be in the path of irma's intense eyewall. that's the eyewall. this is the video of it. the eye and the wall, released from noaa this morning. >> ext

kelly, the increase of james mattis, that it means that trump is more contained. but remember, some of those, quote, traditional officials you talked about like gary cohn, the chief economic adviser, trump has frozen him out since cone owin cohn's comments last month criticizing the president. so we're still not certain whether there is an organized strategy coming out of the white house. >> the president does pride himself in being unpredictable and there had been a series of contra gikss codictions coming e white house. so we'll have to wait and see. let's look lady to thiahead to . world leaders are coming to new york. given some of these topics, what do you expect the president's reception will be as these world leaders convene in new york? >> well, everybody will smile nicely for the cameras. the president will meet for example the leaders of france, israel, turkey and in the context of the north korean crisis japan and south korea. but it's what happens behind the photo opportunities and in i wouldn't be looking to what is said with trump or even to trump's speech. which u.s. officials are they talking to. are they talking to nicky haley or rex tillerson or

kelly, was he happy beating? -- was he at the meeting? >> yes. he was very quiet. taking notes. the president spoke on behalf of the administration. garywas there. mick mulvaney was there also. the major conversation was with the president and with gary cohn on tax reform. julia: thank you so much for joining us. let us get a check on the headlines on the bloomberg first word news. mark: president trump is headed back to washington after visiting florida. is the third time in three weeks the president has visited an area devastated by a natural disaster. myers in naples and fort to meet with those affected i hurricane irma and learn more about relief efforts. he was joined by vice president mike pence and by the first lady. tropical storm max has strengthened into a category one hurricane off of mexico's southern pacific coast. landfall off of the region of acapulco. it hasn't sustained winds of 80 miles per hour. terrorism related arrests in britain have risen to a record high level and the rest of the country -- in the rest of the country has increased. fore were 379 arrests terror related offenses in the past 12 months, an increase

kelly o'donnel in front of the bulldozer doing some construction there on the north lawn, maybe a metaphor. >> i've got my hard hat, as well. >> gary is over on capitol hill. garrett, people -- some lawmakers might meet them given some of the backlash that we're seeing now from members of the very conservative wing of the party. the idea that a deal could come together and seeming to make some of them very upset. >> yeah, halle i'm hearing sort of two different things. the first from senate republicans, essentially maybe in a little bit of denial about this. john and chuck, two powerful senate republicans said, no, this is a deal to make a deal. we're going to be involved. we're going to get involved with the process, downplaying the significance of whatever might have happened last night. you're hearing a much more aggressive response for some more conservative house republicans pushing back hard and saying this is betrayal by the president, here with steve king this morning. >> i think something's going to have to reversed here with this president's policy or it will just blow up his base. i mean, this was a straight-up promise a

kelly and steve bannon have mutually agreed today would be steve's last day." yes, it was mutual. same way my college girlfriend and i mutually agreed that she'd be happier having sex with gary. ( laughter ) well, seems like a good guy. you'd like him. ( laughter ) well, this sunday, bannon's making his first post-white house tv appearance right here on cbs, and, surprisingly, it's not as a corpse on "n.c.i.s." ( laughter ) "how long has this guy been floating in the harbor? ( laughter ) bannon -- somebody's little boy. bannon is sitting down with our friend charlie rose on the "60 minutes," and he teased it this morning on "cbs this morning." >> first television interview he's done. >> yep, most people have not heard him speak before. but he's certainly not one to mince words, charlie. i'm surprised he came out. >> stephen: oh my god, he came out? this interview's going to be amazing. ( applause ) i'm surprised. i'm surprised he's not more fit. ( laughter ) now -- we got a sneak peek of charlie's interview and, in it, bannon defends trump ending daca, even thought bannon's a catholic and the church opposed the decision. >> the catholic church have been terrible about this.

gary farmer. we appreciate you being with us tonight. for millions of floridians there will be no calm after the storm. kelly: the daunting task of mending so many tattered lives in the wake of this storm. we'll talk to someone willing, ready and able to lend a helping hand. andre is confident. but when it comes to mortgages, he's less confident. fortunately, there's rocket mortgage by quicken loans. apply simply. understand fully. mortgage confidently. tha...oh, burnt-on gravy?ie. ...gotta rinse that. nope. no way. nada. really? dish issues? throw it all in. new cascade platinum powers through... even burnt-on gravy. nice. cascade. did you know slow internet can actually hold your business back? say goodbye to slow downloads, slow backups, slow everything. comcast business offers blazing fast and reliable internet that's up to 16 times faster than slow internet from the phone company. say hello to faster downloads with internet speeds up to 250 megabits per second. get fast internet and add phone and tv now for only $34.90 more per month. call today. comcast business. built for business. kel kelly: many peo

julian robertson told kelly about the challenges facing hedge funds and today comes word that yet stother hedge fund is biting the duwe have details coming up. [pony neighing] what? hey garywhat's with the dog-sized horse? i'm crazy stressed trying to figure out this complex trade so i brought in my comfort pony, warren, to help me deal. isn't that right warren? well, you could get support from thinkorswim's in-app chat. it lets you chat and share your screen directly with a live person right from the app, so you don't need a comfort pony. oh, so what about my motivational meerkat? in-app chat on thinkorswim. only at td ameritrade. for tech advice. dell small business advisor with one phone call, i get products that suit my needs and i get back to business. ♪ so they called the fire, yodepartment for us.clearly, my first truck was on the scene within five minutes. i am grateful we all made it out safely. to protect what you love, call 1-800-adt-cares we get a gift for mom and dad., and every year, we split it equally. except for one of us. i write them a poem instead! and one for each of you too! that one's actually yours. that one. regardless, we're stuck with the bill.

kelly successfully ejects steve bannon from the white house. so the moderates rejoice. well, trump is now completely ticked off at steve cohen for, garyand is icing him out at meetings, and trump is paying more attention to steve bannon than he has in the last six months. and bannon yesterday i'm told met with mark meadows at the embassy on capitol hill. so he is cooking something up. there's all kinds of political intrigue going on on the president's right he's concerned with while this other stuff is going down. >> you look at the polling here. this is once again a 33% solution. the president is once again blocking off all escape routes. >> like everything else. you look at every poll, it's 33/66. every poll. >> it seems like everything he does, it plays to the heard 33%, and the only rational answer to this is this is a man that wants to get out of the white house and start a media company that just feeds on the 33%. because there is not a rational answer to why he continues to do things that offends two out of every three voters. and that for a while, after a while you have to say -- >> what's gary cohn still doing there? >> it's