jeffries: thank you, mr. speaker. a resolution expressing the sense of the house of representatives that president donald trump shall publicly disclose his tax information which shall conform with an important tradition to occupy and si of the white house and uphold his promise that he would release his tax returns, whereas every president since president ford has disclosed their information to the american people. whereas in may of 2014 -- the speaker pro tempore: the gentleman is correct. the house is not in order. the chair would ask all members to please take their seats. the gentleman from new york. mr. jeffries: thank you, mr. speaker. whereas every president has disclosed his tax return information to the american people, whereas in may of 2014, donald trump stated during a television interview if i decide to run for office, i'll produce my tax returns absolutely. i would love to do that. whereas in february of 2015, donald trump stated during a radio interview, i have no objection to certainly showing tax retu

i was just talking to hakeem jeffries. you guys were watching it.hould be using their political capital on? yes, people want to see donald trump's taxes, yes, it is relevant. but is there a chance anybody is going to see donald trump's taxes? >> i think it's a drum they have to keep beating, they have to keep their troops energized. at the end of the day the electorate didn't care that much about the taxes. >> trump supporters. >> but a lot of people know that the tax code is unfair and they kind of, you know, he didn't pay taxes. >> what about draining the swamp, another one of those promises, the slogan that doesn't amount to much? >> it's a signal to the democratic base that they are not getting off this fight. it is keeping them engaged and it's trying to increase the cost of compromise. trump, if he hadn't, you know, gotten his supreme court nominee in when the senate didn't even give garland a hearing, if trump hadn't offended so many people with comments about immigrants and border wall and all this stuff, democrats might have been in a posit

what we are left with is a graveyard of broken promises. >> congress member hakeem jeffries, thank youwe have heightened tensions overseas after new aggression from north korea. a ballistic missile launch yesterday and appeared to fail minutes later making it the ninth missile launch since president trump took office. the fourth successive failure. we have steve joining us. steve, is this really a failure or something that could be u.s. cyber sabotage? >> it could be either or both. we have seen a lot of tests in the past with north korea with no meddling by the united states and those tes failed. nonetheless, they helped north korea learn something. there may be something going on. when the briefing of 100 senators at the white house happened the other day, i talked to a number of senators. they said they had classified briefing in which they were told that american capacity right now to penetrate north korea's weapons systems with malware and other controls is high. a degree of confidence in our ability to do that. this is the second missile test we have seen go bad and it is raising

. >>> jeffry lord, trump supporter and former white house political supporter and our politics reporter and editor at large. keith, under audit, no returns. the president is being consistent, isn't he? >> no, because actually if you think about it before he used the audit excuse he did say he would release his tax returns. he said at first with regard to president obama. if president obama releases his birth certificate, i'll release my tax returns. he didn't do it. then in an interview with an irish television in 2014 he said if i run for president i will absolutely release my tax returns. he didn't do it. it's a question of honesty and integri integrity. this is a president who lied about his willingness to release his tax returns to the american public and people like jeffry should be ashamed they continue to support him because he is consistently inconsistent about the tax returns. >> he has moved the goal post again and again. that is true. this is also true. every president since gerald ford has released tax returns while in office even though they are under audit. trump is on an

jeffry and i have been going back and forth about whether or not it matters all day.ive you his answer on that. i suspect i know what it is, but let's talk about raw politics and election politics. in that sense it is a smart move in that the democratic base has such fervor and they're so angry by not just donald trump's presidency, but specifically by the idea that president obama's nominee wasn't given a hearing for 11 months. they're begging, demanding that the democrats do exactly what they're doing right now, which is filibuster president trump's nominee. however, if you look at the politics of the supreme court, very different politics, i would argue, and i've talked to several democratic senators who actually agree with me today, that the idea of filibustering this nominee, who is filling a conservative slot, is certainly would get a short-term gain in that you're showing the base that you're standing up to the republicans, but they know that the result will be, as jessica said, for the republicans who are in charge in the senate to change the rules and that le

hakeem jeffries of new york is joining us from capitol hill. thanks force joining us. >> you're on the budget committee. that's your reaction to what you've heard so far about the president's tax proposals, his recommendations to cut taxes? >> well, this tax proposal as far as we can understand from the details presented so far, is really just a gift to corporate america and will not have anything meaningful to help improve the conditions of working families, middle class folks and those aspiring to be part of the middle class here in america. that's problematic. >> you've suggested there should be no tax reform at all until the president releases his income tax returns. doesn't look like he's going to do that anytime soon. so far what does that mean? let's say he does come in with some major tax reform,tach cuts for the middle class or lower income taxpayers for that matter. you wouldn't support that if he didn't release his tax returns? >> i think a reasonable first step, wolf, is for the president to do what every other president since gerri

robert jeffries, saying one more example of political correctness -- been berserk, people are fed up.l listen. we'll talk. we'll plan. baird. bburning of diabetic nerve pain these feet... jumped into city life as a kid... ...and kept my town moving. but i couldn't bear my diabetic nerve pain any longer. so i talked to my doctor and he prescribed lyrica. lyrica may cause serious allergic reactions or suicidal thoughts or actions. tell your doctor right away if you have these, new or worsening depression, or unusualhanges in mood or behavior. or swelling, trouble breathing, don't drink alcohol while taking lyrica. don't drive or use machinery until you know how lyrica affects you. those who have had a drug or alcohol problem may be more likely to misuse lyrica. now i have less diabetic nerve pain. ask your doctor about lyrica. your insurance on time. tap one little bumper, and up go your rates. what good is having insurance if you get punished for using it? news flash: nobody's perfect. for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accide

finishing off with the french election, be away, merrill lynch, jeffries, barclays favor european stocksespite french election risks. the white bars going back to 1988 is round one and the blue bar is the one day move after round two. round two. will history repeat itself? 90 minutes into the trading day in the u.s. all three major averages have turned deeply into the red, health care weighing on them the most. drug distributors are down since card -- cardinal brought -- bought business from medtronic's. the bank of america merrill index of this financial stress -- index of financial stress, this is one that goes back to 2012. if you look at year to date you will see what is going on. we see a spike in that financial by increaseddence volatility across asset classes, and declines in stocks. let's take a look at the financials, we had all these earnings from various companies. goldman sachs trading revenue disappointing. bank of america has turned into the red even though that company on the face looked like it's numbers beat estimates. the increase in net income will moderate. down, fina

under armour up 4%, a big game on a recommendation from jeffries. vonnie: thank you for that. breaking news, the white house chief strategist, steve bannon, has let the national security council, has been removed, rather, in a shakeup today that we discovered in a regulatory filing. at the federal registered. jennifer jacobs reporting on this. let's go to our chief washington correspondent, kevin's really, at the white house -- kevin cirilli, at the white house, why has even been in been removed? exclusive from our jennifer jacobs that steve bannon, the chief strategist to president trump has been removed from the national security afterl just two months general h.r. mcmaster has taken over the president's national security advisor. some interesting back story. you remember that the national security adviser was once a position held by general michael flynn, who had resigned, following a failure to disclose his communications with russian officials to vice president mike pence. general mcmaster is the successor to general plan. generalhe first hires mcmaster did was to bring o

. >> oh, jeffry, jeffrey. >> when i was a kid, kennedy did not want to introduce the civil rights billause he said it was not popular. he didn't have the votes for it, et cetera. dr. king kept putting people in the street's in harm's way to put the pressure on so the bill would be introduced. >> jeffrey, you do understand that dr. king was marching for civil rights because people who look like me were being beaten. basic human rights were being with held from these people merely because of the color of their skin. so let's not equate. >> i agree. >> dr. martin luther king jr., humanitarian, nobel prize winner, to vagina-grabbing president trump. >> all right, jeff, i want to give you a chance to explain exactly what you meant by your earlier comments. >> sure, i was not comparing president trump and dr. king. who by the way, is a hero of mine when i was a kid. i compared their strategy, dr. king, quite especially, and i knew that when i was talking about it on air this morning was talking about creating a crisis, let me read you the quick sentence here from his letter from a birmingham

jeffries, guy they had was already tall, if you had both of them, nobody could stop the eagles becauseink there is, i mean, cornerback in the league to match up with them. >> at one point he had a broken neck. can you imagine? >> well, he is back, injuries are part of playing football. you have to rebound, do you have come back. >> you have to game cock. >> he went to south carolina. >> did he? >> clemson. >> clemson. >> big rivalry. >> national champions. >> that's right. >> all right, you're the eagles, what's the pick tonight? fourteenth pick goes to? >> i think ends up taking mike william, other guy off the board, all depends on who is there. they got about four, five picks they can take. they'll take the guy there, you don't no the other guys will take. >> go with the best player out there. >> best player. >> or best position. >> best player. >> best player. >> who knows, it could be rumor foster, lin linebacker. >> that's what i think. >> you think flow. >> thanks, gary, sore bit chair. >> i've always been a good boy. >> here is the thing when he stands up it, stuck to his butt.

her name is clara jeffries.he is certain that many american indians is enraged that tomahawk cruise matthews that use the name of a traditional alcoholic when of a traditional algonquin weapon. >> i think what i'm going to say here, a lot of people probably will not like. i think the other day i was never trump during the election and i came away from that thinking, while back, he did something that i am 100% behind. he said a clear message to assad. in one of those moments, we had a lot of people on the right calling him a neo-con, which is a very interesting revelation, where is it coming from? to take it in this direction for! there were a lot of hillary clinton supporters was active hillary did this, we would be supportive of it. >> tucker: i love the syria strike. this was a serious thing no matter what side you are on, to reduce it to the dumbest identity politics and save space rhetoric about tomahawk -- i mean... it's not a serious critique. >> no, it's not a serious critique. a liberal journalist who tw

response,ocratic garnishment hakeem jeffries urges president trump to release his tax returns.mericansp: my fellow , we are only 11 weeks in, but already my administration has achieved historic progress for the american people. 93% of our domestic

this is a pretty good set of numbers, jeffries had written up their note that those fourth quarter organicing at 6.2%. numbers atre the .emy >> let's tell you what is happening with the ftse 100. you could see some volatility. that is where fair value is pointing down another 1.2%. let's talk about levels, let's talk about the fibonacci levels, you could see some support on this fibonacci line, the 23.6 line that comes in north of the 7000 level. so what's that is a key line in 23.6.nd for the markets, let's start about what moved the market yesterday and that was the pound. the concerns surrounding the election, that is not a line you can draw. what you can draw is line tween what is happening with the pound, the market was sure the pound, we knew that and we were looking for something to keep is higher. we saw this move here yesterday. let's talk about levels. action a while -- along the 127 levels. a traitor said you have to respect the recent ranges. while we had a little push higher we did see the levels being respected. level at the 128 moment. are we going to come back down, is this

last week, jeffries highlighting byt surge has been driven the turnaround since the takeover of management is overdone. ramy: in the u.s., a weaker than expected forecast on job creation has cast doubt on the fed policy. the president of the st. louis fed said it will not stop the fed from reducing its balance sheet this year. let's bring in kathleen hays. talk about the jobs first. jim bullard has doubted the fed rate hike path. nevertheless, let's look at that payroll number. jobs, 98,000, the forecast was 180,000. that is the white line. you can see how it decelerated in march. the yellow line is a three-month moving average. jim bullard said it is still consistent with slow, modern trend growth. we are not talking about asset sales, or at least i am not and i don't think other committee members have talked in those terms. it is about ending the reinvestment policy, and it would allow a slow runoff of the balance sheet and create policy space for the future if we ever did get into another recession. i think it is a prudent policy at this point. >> other fed officials have made it clear

alix: to that point, jack, yet jeffries coming out with great earnings, yet you wind up having some bigus. jpmorgan saying charge-offs for credit rates are higher. the underlying fund a metals from some of the ceos have not been that amazing. jack: we saw it last quarter, too. bank of america had a good earnings number, but it was all on cost-cutting. is really kind of tepid right now. the fact is that baby boomers are retiring with more debt than any of their predecessors. demand for taking on more debt among households certainly is not there. now we are starting to see demand for business debt languishing a little bit. we do need to see that flow. i would like to see topline growth. jonathan: appreciate your time, and a special thank you gina martin adams. she will be sticking with us. 10 minutes into the open, let's round this up. futures up 41 on the dow. to s&p 500 up by 0.025 0.25%. you are watching bloomberg. ♪ emma: this is "bloomberg daybreak." i'm emma chandra and this is the hewlett-packard enterprise greenroom. later on bloomberg, janet yellen speaks at the university of mic

comingcoming up, jeffries. nestlÉ posted first-quarter sales growth that the estimates. nestlÉ has been able to raise prices 1% in the midst of weak consumer demand. u.s. steel taking on china in a case attracting attention from politicians and unions. wants the government trade agency to revise claims the chinese steel makers join forces to keep prices low and undercut competitors in the american market. the international trade commission will hear u.s. steel's arguments today. rebound afterhe saudi arabia signaled of potential extension to opec-led supply cuts. here is what the oil minister said. although there is a high level of commitment, we have not reached our goal to reach the five-year average. there is an initial agreement that we might be obligated to extend to get our target, but we did not communicate with all the countries. joining us now bank of america merrill lynch global head of commodities research. we talked, but we did not talk to everybody. how much jawboning will we see like this over the next month? quite a lot of it, and the market will be jitter

jeffries is recognized. >> my question though is not would it get it to zero. basically wosh basically, would it affect. i didn't get an answer to. that. >> i thanked distinguished chairman for yielding and for his leadership and the distinguished witnesses for your presence and for your service to this country and helping to make america safe as it can possibly be. i just wanted to turn to mr. rosenberg for a few questions with respect to the trajectory of the war on drugs that has been underway here in america for last few decades. it would be accurate to say that the war on drugs has been under way now for more than 45 years? >> yeah. i don't use that terminology. but it's been around for a long time. >> i guess the demarcation point in terms of the beginning of the so-called war on drugs was when richard nixon declared drug abuse in america public enemy number one. he did that in 1971. is that correct? >> i don't know when he declared it. i know he created the dea in 1973. >> at the time the dea was created, there was approximately 350,000 or so people enka

. >> the jeffries call that equated snap to a lottery ticket.ou think tesla is in that universe. >> exactly. >> you wouldn't add it to your charitable trust? >> no, i'm more inclined go gm can be bought, because i like value. i don't think it has any place in a charitable trust. but you know what? remember, amazon is what we saul sui generous. no way there would be another amazon but i understand tesla is bigger because i understand the flaws of the market. if you're short that stock and ten cent comes in, you can't cover, you're trying to bid it up to bring in the short because your boss is saying i cannot believe you're short tess larks you're idiot ten cent bought 5%. you don't know what you're doing and when i drive it, i love it. >> we are getting some news from ralph lauren, the company announcing it's closing its flagship fifth avenue store in new york city. it plans to integrate its product into other new york stores on madison avenue in downtown. rl announcing several key actions as part of its way forward plan. this is the latest eleme

response,ocratic garnishment hakeem jeffries urges president trump to release his tax returns. americansp: my fellow , we are only 11 weeks in, but already my administration has achieved historic progress for the american people. 93% of our domestic manufactures have expressed optimism about the future, a record. the confidence we are seeing in our nation is about jobs and opportunity. it is also about safety and security. security begins at the border. as a candidate i pledged to take swift and decisive action to secure the border, and that is exactly what i have done. a full-fledged border crisis. it was a disaster. yet with quick and bold steps, we have so far exceeded even the most bullish predictions for the progress we could make in so sure a. of time. a 64%onth we saw reduction in a illegal immigration on our southern border. time, we are conducting enforcement actions across the country to remove dangerous criminal aliens from our society. they will be gone. and just the last few days and nations ice officers have arrested criminal aliens in south texas, 84 criminal ali

. >> i'm congressman hakeem jeffries, and it is my honor to revisit the hard-working people of brooklyn and queens in one of the most diverse district in the nation. almost a third of the people i serve were born outside of the united states during people from all over the world come to brooklyn and queens to pursue the american dream. , mying up in brooklyn grandmother often told my younger brother and me that if you get a good education, work hard on your job and play by the rules, it you can make a life for yourself in this great country. i have never forgotten those words. abraham lincoln once said we deserve a government of the people, by the people, and for the people. everyone, including the president of the united states, should play by the rules. that is the american way. unfortunately donald trump sees things differently. as we approach tax day, it is important to remember that every --sident since gerald ford democrats and republicans -- have released their tax return to the american people. before the election, donald trump repeatedly promised to release his tax returns, jus