is next is directly by the job guaranteed because i are trying to get into central planning to josh bolten and i don't understand that and let it be awful in that regard i have a story here about the richmond fed. set the economy and because all these youngsters are talking about universal basic income the top down approach is they're jumping in and this is the sort of dystopian soviet like future they see for us so the richmond fed finds that it would be optimal to continue to concentrate knowledge workers specialized hogs like new york city like san francisco these booming innovative thinking class sort of cities where hillary called the winner is the winners that voted for her and the rest of the country they're the deplorable is right the losers of globalization and what the richmond fed says is that the government should subsidize these people these less educated people to live in less productive cities and then give them a u.b.i. like cut of the agglomeration bonus it's fancy words but it but basically it's a it's a payoff to sustain the existing system which creates a problem in the

josh bolten, business round table, thank you, josh. great job. david calhoun. he has a very easy company to run. he just took over boeing. where's david? where's david? stand up, david. see, he didn't want to stand. it's not your fault. you just got there. you'll straighten it out quickly, please? >> we will. >> i have no doubt. a great company. >> les daniels ustractpn. okay. we've been fighting steel things for 20 years together, dan, i'd like to say 30 but i don't want to do that. right? we've been fighting together a lot longer than 20 years and -- >> we're winning. >> now, we're winning. took 25, 30 years. took a little change at the top, didn't it? you're a warrior for getting taken advantage of as a country and you've been a warrior, i appreciate it from the beginning. it was the fight of two people against the world. tom donohue, u.s. chamber of commerce. where's tom. thank you, tom. great job. brian duperalt of aig. know that company? >> the president is in the white house. he is celebrating. they're about to sign so-called phase one of the trade deal.

ajay banga mastercard josh bolten. [ laughter ] >> seth: "congratulations to the class of 2020. [ cheersuse oh oh, the places you'll go [ laughter ] jail." and then, in an even more desperate attempt to counterprogram the impeachment talk, trump made a random announcement out of nowhere, about the fourth of july, that had nothing to do with trade or china or really anything to do at all >> we're gonna do a big fireworks display. right? mt. rushmore we're going over i think i'm gonna to try to be there on july 4th. i haven't been there for like, for 20 years i said, "why?" "environmental reasons." i said, "you mean, you can't have fireworks because of the environment? "yeah, environmental reasons." i said, "what can burn it's stone you know it's stone." >> seth: well, you idiot it's in the black hills of south dakota [ laughter ] it's surrounded by trees there's a forest like, right across the street. [ laughter ] because he used to be a new yorker, trump thinks everything is in times square "what can burn it's stone you just take the subway up to mt. rushmore [ laughter ] and then when y

josh bolten, business roundtable. thank you, josh. great job. david calhoun.s got a very easy company to run. he just took over boeing. where's david? david. where's david? mr. calhoun: right here. pres. trump: stand up, david. see, he didn't want to stand. let me tell you, it's not your fault. you just got there. you'll straighten it out quickly, please. mr. calhoun: we will. pres. trump: ok. i have no doubt. it's a great company. les daniels, ustr, actpn. ok? dan dimicco. we've been fighting the steel things for 20 years together, dan. i'd like to say 30, but i don't want to do that. right? we've been fighting together for a lot longer than 20 years on the -- mr. dimicco: we're winning. pres. trump: and now we're winning. finally. it took 25, 30 years. it took a little change at the top, didn't it? but you've been a warrior for -- for getting really taken advantage of as a country. and you've been a warrior, and i appreciate it. right from the beginning, dan and i -- we -- it was a fight of two people against the world. tom donohue, u.s. chamber of commerce.