joining us now is gene sperling, the economic advisor for the clinton campaign. esident obama made a full throated argument for why the tpp is in america's interest. are you know in disagreement with your president on this issue? gene: it's always hard when you are the child and mom and dad disagree. i think president obama come , he ising he does directed towards helping workers and that's what he believes. on this issue, i think hillary clinton is in the right place. we have to put our focus as a behindf progressives investing in manufacturers, ensuring that we don't have a tax code that encourages outsourcing and inversion. she sees real challenges with this and i think she wants to put tpp in the rearview mirror and be focusing. these are two great people i'm honored to have worked with. they disagree. i think trade is always a difficult issue, but as we say, i'm with her. the secretary clinton think globalization is good for american workers? of the great challenges of our time is to make sure globalization and technology are being shaped by our policies in a

us now is jean stirling -- gene sperling. to talk campaign momentarily and the outsourcing push that the campaign is putting out right now. i want to talk to you about president obama yesterday who made a full throated argument for why tpp is in america's interest. are you in disagreement with the president on this issue? gene: it's hard when you are the child and mom and dad disagree. president obama, everything he does, he is directed towards helping workers and that is what he believes. but on this issue, i think hillary clinton is in the right place, which is that we have to put our full focus, as a party progresses, on uniting behind clear job creating measures, like infrastructure, investment and many fractures, like ensuring that we don't have a tax code that encourages outsourcing and in versions. inversions. tpp in she was to put the rearview mirror and refocusing. they disagree. i think trade is always a very difficult issue. but as we say, i'm with her. mark: the secretary clinton think globalization is good for am

gene sperling has former national economic advisor. it resulted in a $236 billion surplus. jean, welcome. he will lower it to 15%. and then on the other end of the spectrum he said the poorest will pay no tax. that is pretty seductive. how will she beat the popularity be to the popularity of trump's outline. >> i think with donald trump you always had to look at what's actually there is to how he marks that's it. the real highlight of this plan a doubling down on what they call trickle-down economics. probably the parts of his tax cuts that will most contribute to economic inequality. and here's the basics. we know a tremendous amount of income gain has gone to the top 1% if you look at what his tax code has been judged almost 90% went to the top 1%. he has double down on the 15% solution. everybody who has any type of pass-through income. more than half of the 400 richest people have passed. liz: let me jump in here. i know what they will say and they will say howdy explained that under president obama that get between the middle and lower classes turned into a yawning div

joining us now gene sperling.s the national economic counc council director under bill clinton. what did you make of yesterday's speech from donald trump? i imagine not much. >> well, the go with the flow of the program, i think you can say it was the whopp-rito of tax cuts for the top 1%. >> filled with a lot of stuff and delicious? >> i think a lot of things that for 99% of people they wouldn't think were particularly good for them. and let me just explain why. he tried to make a deal out of while he was joining some of the republican, some of the republican strategy. but think of -- consider two things. number one, his tax rate for most well off americans would be 15%. in other words, if you have any business income, any pass through income, any esquire income whether you're a corporate law partner, hedge fund which he said they were going to raise their rates. he would be cutting all of theirs to 15%. so for over half of the fortune of -- excuse me. for over half of the 400 richest americans each year, he woul

so gene sperling really -- if i were hillary clinton i would have gone back c-span, watched gene sperlinguldn't be on my economic advisory council. >> well, let's talk about what donald trump rolled out yesterday. you say the key to his plan is that if everything goes according to his plan, we would have a lot of growth. and that big growth would be in comparison to what we've got right now. that would change everything. >> yeah. what we have is the past 15 years where people like hillary clinton and barack obama look at this problem in keynesian terms and apply fiscal and monetary stimulus, double our debt and screw up the fed balance sheet. and donald trump sees it as handling it through comprehensive tax reform, trade reform, energy policy reform and regulatory reform. that was the beauty of the speech. that was a beautiful speech yesterday because it laid out a comprehensive plan. the goal is to double our gdp growth rate. generate millions of new jobs and generate the tax revenue to pay for the infrastructure and social security and everything in between. that's the philosophy of it.

we're going to have gene sperling. a couple of other things to tell you about, in the 7:00 hour, we have the ceo of walmart and ceo of jet. they're going to be coming to us from jet's headquarters. becky quick is there now. we're going to be talking about what the deal is all about. a book for you to must read, thrk is a book by james andrew miller. cia and the agency business. this is spectacular. he's going to be on the show in the 7:00. and then we have nick cannon from america's got talent and because you have so much talent, maybe he will come and be watching and judge you. probably judging us, but who knows. >> that is a very diverse. >> we have a lot going on. >> must reads and must watch all in one morning. >> when we come back, we'll get you ready for the trading day ahead. he's joining us next. you're watching cnbc. first in business. "world wide exchange." >>> welcome back to "world wide exchange." corporate news out of china. bp is sooki iseeking buyers. this is the i thinkle largest investment this china.

hillary clinton supporter gene sperling saying this here on countdown yesterday -- >> i don't know whether first plan or his second plan will win the gold medal for which is the most regressive and most contributes to income inequality, but it'll be a tight race. liz: well, katrina pierson, trump campaign national spokesperson, is ready to pounce back live from dallas. stay tuned, she's coming right back with "countdown." ♪ ♪ ♪ [announcer] is it a force of nature? or a sales event? the summer of audi sales event is here. get up to a $5,000 bonus on select audi models. [ hip♪ olympics 2016, let ] me get you on my level. ♪ ♪ so you never miss a moment, ♪ ♪ miss a minute, miss a medal. ♪ why settle when you can have it all? ♪ ♪ soccer to wrestling. track and field to basketball. ♪ ♪ fencing to cycling. diving to balance beam. ♪ ♪ all you have to say is, ♪ "show me," and boom it's on the screen. ♪ ♪ from the bottom of the mat, ♪ ♪ to the couch where you at? ♪ ♪ "show me the latest medal count?" ♪ ♪ xfinity's where it's at. ♪ welcome to it all. comcast nbcuniversal is proud to bring you coverag

john: gene sperling, speaking with extraordinary brevity and unusual concision here on "with all due we love having you on. thank you so much. coming up, we will communicate with two communication experts, after this. ♪ mark: welcome back. join now by two people, matt bennett, senior vp for wesley clark's campaign. and with us from dallas, former press secretary mindy tucker. mindy, you first. what have you learned about donald trump in the last week that you did not know before if anything? mindy: or do you mean how much worse has gotten, maybe? i do not think anyone has learned anything different. i think we have seen a lot more of the same. we might have learned a few things of the convention that made is little more interested, or saw a different side of him, but he came straight out of the convention saying the same kinds of things and it is disappointing. mark: you are in never trump land. you are not going to vote for donald trump. ndy: that is true. mark: donald trump, is he doing anything now despite all of the horrible stuff, is or anything that is making you think, maybe t

reporter: you heard gene sperling make reference to the middle class not doing as well over last 15 yearstricky thing for hillary clinton last seven 1/2 years has been under her ally president obama. she has a fine line to walk. abby: we'll hear more in two days. mike emanuel live. bill: reportedly in attendance at one of hillary clinton's rallies in florida is the father of the orlando nightclub terrorist, in the shadow here, you see sadik mateen, spotted by local television crew, in campaign rally in kissimmee, florida. he is sitting behind clinton on stage. his son omar mateen is the one who killed 49 and killedded dozens of others in the worst mass shooting in recent history. florida democratic party, reports that mateen was invited are all wrong. they say, quote he just showed up after covering that in orlando. he has been involved in american politics for some degree -- abby: some controversy there, bill. i wonder who spotted him though, you know? bill: my guess the folks in orlando, in miami, florida. abby: could be local affiliate. bill: they have been watching this for some time.

sperling we have today. no, i'm kidding. i love gene. in the futures this morning, they're indicated a little bit higher. can see the nasdaq is down. once again, the eu -- we had some really successful companies over here in the united states. anyway, check out the price of oil at this hour. it is not doing a lot today. it's up 29 cents to $47.28. plus interest. let's get a live update on the situation. julia joins us with more from brussels. >> reporter: good morning, wilfred. as you quite rightly said, and that's not fair. guys? >> what was the takeaway from that? was she saying the fault in terms of who wasn't playing by the rules was more the irish or apple? and who's the blame on and also you asked her about with this based on past situations or current situations with irish tax law regarding apple today? >> reporter: yeah. it's a great question, wilfred. and i did ask it whether or not she believed they've acted appropriately now. to look at the arrangements they set up. basically giving apple unfair competition relative to other companies in europe. i think this is the critical point and the argum