treasury secretary larry summers. mr.thank you for joining us today. >> good to be with you. >> so, given the comments from commerce secretary ross that everybody will get over this in due course, do you agree >> i think the policy is ludicrous. 50 years from now, people will not remember this episode. but the truth is, we shot the economy in our foot today by raising the price of key input for industries that employ 6 million people in order to protect industries that employ less than 100,000 people we damage relations with our closest allyies we undermine the system that allows our labor force to prosper and threaten our national security by driving a wedge between our allies at a moment when we've got real challenges with respect to china to face. so, yes, all mistakes are corrected in the fullness of time but to defend a wanton act of economic aggression that hurts our economy by saying that all things work out in time is absurd i'm appalled by the action today. >> commerce secretary ross said when it comes to additio

actual fact just think she was a fake general public in iran but just as much as if we're going to larry. summers like you know. let's not do that over again. the united states has closed the door to negotiations we cannot hold talks about a number of analysts told us washington is belligerence could cause chaos across the middle east and leave the u.s. increasingly isolated. this is not the first time actually american administrations in the past have tried to actually destabilize the from the inside but the problem with that is that this turbulence in governments in this part of the world there from libya in in. various parts in egypt. in tunisia these disruptions for the for the stability of these countries created more damage and more harms for the rule of law for human rights for human dignity all over the region seeing that the wrong will not trust the united states for years and the allies of the united states on the other hand even the europeans they cannot count on what the united states say. the champ administration regardless of what their allies in europe are saying they restore fund

she opposed larry summers as president obama's favorite candidate to head the federal reserve in 2013ll street wing of the democratic party. >> she derailsderails the nominf an nvment banker to the top position in treasury department. >> enough is enough with wall street insiders getting key position after key position. and we have seen in the executive branch. >> she's accused offend going too far. >> the criticism this was too striving. you were saying anybody who is an investment banker is unworthy of a major position in government. just because they're an investment banker. >> that fierceness and willingness to stands up to her own party wins support from the democratic left. she's getting buzz. as many look ahead to the 2016 presidential race. >> i went to a liberal gathering in detroit. there were people wearing these hats at the conference. run elizabeth run. they were screaming. they were desperate for her to run. >> coming up. >> nasty women have really had it with guys like you. >> a low hanging fruit. an easy target for elizabeth. ♪ i'm jimmy, this is my definition of fresh

she opposed larry summers as president obama's favorite candidate to head the federal reserve in 2013 sawim as part of the wall street wing of the democr par. >> she derails the nomination of an investment banker to a top position in the treasury department. named antonio weitz to a top position in the treasury department. >> enough is enough of wall streeters getting key position after key positions and the kind of cronyism we have seen in the executive branch. >> i think the criticism was it was too strident. you're saying anybody an investment banker is unworthy of a position in government just because they're an investment banker. >> that fierceness and willingness to stand up to her own party. warren is getting some buzz as many look ahead to the 2016 presidential race. >> i went to a liberal gathering in detroit called netroots. they were waving signs that said, run elizabeth, run, they were screaming. they were desperate for her to run. >>> coming up. >> nasty women have really had it with guys like this. >> trump is low hanging fruit, an easy target for elizabeth. hold on dad.

this is a deeper challenge that we all face, and larry summers has talked about this, do we face a problemsecular's star stagnation or is this something we come off of as we gradually come off of the crisis? we do not know very much yet about what the underlying economy looks like. alix: you support three rate hikes over three years? paul: i think this business, rather like the dots in the u.s., will do two or three or four. they cannot know with any confidence. the great strength of the system on both sides of the atlantic's they have numerous meetings a year. it is what economists would call an error correction. if they make a mistake this month, or if the fed makes a mistake next month, they can correct it later in the year. the markets will be volatile and get excited, but they should not be too concerned about that. david: we have not been able to get the productivity of -- up. in the united states and in the u.k., is it the central bank's job to protect us from the bad effects of that? and the risk of not having any weapons, any ammunition for the next downturn? paul: what is their j

the corporate rate, that was a sale of the entire plan that you'll get increased buyback -- >> larry summers been talking about there's a statute of limitations eventually on the call there's a 40% -- a 40% artificial -- i know, i know >> without the buybacks whether it's masking an economy that may not be as strong as the market would indicate >> and the fed inflating, moving its balance sheet to $4.5 trillion that the market was artificially inflated. and you'd be up to 2700. >> the senator has a question. >> there's a multiple. it's not the economy it's the multiple you assign to the earnings and to the economy. >> i'm giving my time to the senator. >> thanks. my understanding is that the growth in buybacks and dividend increases has been swamped by the increases in capex at least among the big s&p companies. is that your understanding of the data and doesn't that suggest that we could have more sustained growth at elevated level? >> technology is about 25% of the s&p 500. in europe maybe it's a sector. it's about 5%. one of the things we learned from the 2000s tech boom bust is that tech

secular stagnation, larry summers, that we would be stuck in this low productivity economy, whether demographics or other headwinds. that is the reason. now the problem is corporate concentration. it is the largest technology companies. that explains everything, why we have high levels of inequality, the threat to democracy, the low wages. now it is the big technology companies. ultimately i'm not sure that is the case either. i guess i am approaching this with skepticism. i look back on the past 10 years and think about what has gone right with the american economy. well, not a whole lot. i guess maybe the biggest thing is thes gone right emergence of these amazing technology companies which hire lots of people, which provide good jobs, which spend tens of billions of dollars on research and development. these fonts of innovation of the current economy -- the first rule is never to question the premise of the panel. i don't think we should give them scrutiny on antitrust. gosh, i'm not sure if i went back i would let facebook by instagram. maybe that wasn't the best idea. but i would not be eag

and then obama appoints a bunch of proteges starting with larry summers.mbers than hillary clinton. so, you can't just blame this on race. >> robert, thank you so much. >> thanks for being on. >> great to have you on. we hope you'll come back soon. >> i hope so. >> final thought, john heilemann? >> i'm looking forward to seeing how donald trump, what he has to say today about north korea. that will be an interesting thing. also looking forward very much to the question of how they decide to celebrate the win-year anniversary of the mueller investigation as previewed by rudy giuliani. >> i'm thinking rudy needs to get in front of those cameras and do what he does. >> and defends donald trump's wisdom and education. >> yes. >> this is a moment many presidents have disappointed by, whether clinton, obama, george w. bush with north korea. kim jong-un has always erratic and throw you off your game. now, what do you do to get to the finish line? >> i would look to the example of ronald reagan at reykjavik, he was cast tftstigated by memb. and gorbachev went back

stream millions of times online with millions of views on you tube just in time for the summer season i've also larry has released his new single lesson to whatever i'm at the spanish german musician in the studio and by then. three years ago this song tour the album rose somewhere into a household made. the summer hits el mismo song topped the pop charts in several countries. celera records the songs at this music studio in the hearts of berlin. but the melodies really positive it makes you think of summer of. show the vibes the studio has recorded number one hits that went gold and platinum. there's all this even and it's funny when friends call me and say i'm in a club and your songs on all scream into their cell phone hey listen it's your song . celera lives in berlin but he was born in barcelona he says that's where you quiet his love for sun and fun luckily he's often in spain for concerts or to visit family for him the only real summer is a spanish one. the last is almost the light summer breeze is that coming from the sea the pine trees that have this smell the smell of the mediterranean you

summer to carry you away. spanish german singer are also larry a good example of where the silicone comes down. to forty five. w. . lobel inequality and. what does inequality mean any globally connected well. known to the media. join a discussion and have nothing to digest as a global media forum tenzin. every journey begins with the first step and every month for each of the first one. nico he's in germany germany. why not. it's simple mind on your own miles. south of. course. maybe. a low and welcome to this edition of focus on europe i'm brian thomas thanks so much for joining us. continues to present europe with new challenges one of the most contentious is how to handle the border separating northern ireland and the republic of ireland now some fear this issue could cause tensions to flare between protestant and catholic extremists beginning in jan.

the best sultry sounds of summer to carry you away the banished german singers are also larry the beauty . we make up oh but we watch as a folks that under the age of five we are the civil servants. the one to shrink the continent's future to. be part of enjoying african youngsters as they share their stories their dreams and their challenges. a seventy seven percent. platform africa is charging. higher and higher further and further going to turn here and dirtier. the high gloss world of professional sports behind the scenes webspace or truth. manipulation exploitation corruption style of business worth billions but just how murky is the world of sports in reality. dirty games starting june sixth t w. you can tell a lot about a society by its garbage. the first since merciless for the rich but for many poor people it offers their only chance of survival. and i could be lunch for today just like us. our reporters travel to nairobi and so forth and meet people who know the true value of coverage. it has created a surprising parallel economy. what does all this mean for economic inequality

united will not transport pets through the summer through airports las vegas, palm springs -- >> the game starts at 7:30. larry beil is there live. hey, larry. >> reporter: look who happens to be over my shoulder here. familiar number 30. steph is switching sides after weeks of doing his rehab routine. steph is back with his teammates doing his normal pre workout routine and did it on the bseline earlier as he gets set to return to the court for the first time in five and half weeks. we mentioned, it has been over five weeks since steph last played an nba game. the wait is over. everybody in oracle is going to be unglued in this place. if you thinks fans are fired up, listen to his teammates. >> i'm excited. i feel like a fan. can't wait to see him out there. knowing steph, i know it is killing him. >> seeing any of your guys come back from injury, is a boost. >> steph is a legend. he is great. he is elite and we expect that out of him. no matter how much time he misses, we expect that out of him. >> it appears as though steph's left knee does not have a brace on it. but his right knee appears to be more heavi

summer vacation really soon. we will see. tip-off is at 6:00. live at oracle, larryall right. >>> now on to the weather. >>> announcer: your accuweather forecast with sandsia patel. >> let's take a look at live doppler 7 right now. it's one of those days where you want to crawl back into bed and just chill with a book. it's a dreary day out there. live doppler 7 showing you quite a bit of low clouds and fog. some people like it. they're telling me on social media this is all good. if you like it, enjoy. there's more coming. in the sierra nevada it has been active. thunderstorms firing up right now. snow showers at the very highest elevation. those thunderstorms over blue canyon heading towards tahoe accompanied by rain which is obviously is good news around this time of year. here in the bay area we're dealing with the gusty onshore winds. look at fairfield out of the southwest, gusting to 36 miles an hour. this is certainly playing a role in keeping us on the cool side. take a look at how many days of dry conditions we've had in terms of no measurable rain. we've ha

summer? >> oh, yeah. absolutely. this is for the entire season, larry. it's -- everything that the warriors have been through. this is the first time in their franchise history that they played a game 7 in the western conference finals on the road. they know that toyota center will be inhospitable. there are red t-shirts on every seat. it's going to be incredibly loud and the warriors are ready for it. >> when you win game 6 you have work to do. if you get a win tonight, you can turn the page to the finals. every game in the series takes a different shape. but game 7 is ten times that. just because you throw everything you have out there on the floor. one last effort to get a win. got to be ready for anything. >> butterflies are a little different before game 7. there's a few more of them in there, i think. it's a great day. great day for sports. for basketball fans. for our players. so it's just the stakes are what create the butterflies. what's important is not thinking about the stakes and the repercussions and the judgment that comes. you know, either way, win or lose. imt the players are out here just st

interview with savannah last month, martha karolyi says she first learned of larry nassar when steve penny called her in the summer no longer be wo working with usa gaymnastics as team doctor. >> did he say what the concerns were? >> no. just concerned about therapy matters. >> did you understand it was in the nature of sexual abuse from that conversation? >> no. >> reporter: now, lawyers from the gymnast point to a deposition, in which martha karolyi was asked if usa gymnastics told her about a complaint of molestation of a gymnast at the ranch. >> yes, i did. >> reporter: and whwho reported to you? >> mr. penny. >> reporter: a lawyer says she misunderstood the question and misspoke and she first learned about the nature of nassar's misconduct after the 2016 olympics. but for some survivors, martha's story doesn't ad d up. >> i think she was told exactly what happened. >> reporter: usa gymnastics declined to comment to nbc news. many gymnasts, including aly raisman, have said usa gymnastics should have done much more in 2015. we should note the fbi was contacted by usa gymnastics back in 2015 and is accused of mo

see the best sultry sounds of summer to carry you away the best spanish german singers are also larry movie jasmine the boxer. just to be abused. what. difference a disadvantage. implicitly. to the. joint to. the media farm twenty. plagues. the looking for the white house. around this shaking the the top of those your favorite. thing to bring them a. little bit to the entire country champion free. for the last sixty years. before minds. how the germans came together in one nation from shove their money into chancellor although from bismarck. the history of the germans has been shaped like a great. ice well always to bring my royal college of battle to protect christendom and spread truth. behaves will learn to. be called the enemy. the against the courageous decisions the bomb alcohol strozier masterings we have received the crown of our room from god not from his presumptuous servant in the realms of. the i mean must. play. the flute. plain . this is g.w. news live from her lead after months of allegations harvey weinstein's hands himself into authorities a court in new york charges

summer will be the first burning man without him. kron 4's ella sogomonian talked with a loved one who was with larry in his last moments...ll you? live she tells me larry harvey always inspired those around him to create and be true to their vision...he most recently had another of his own... an interactive robot that without harvey she says now needs the help of local artists she'd like to make happen in time for the upcoming burn in his honor.pkg larry harvey moved to san francisco in 1969 to the haigh ashbury district. harvey became close with a group of visionaries that came together on baker beach in 1986 to burn an effigy of a man.the event paved the way for what is now known as burning man.every year the festival of arts now draws more than 70 thousand people worldwide to black rock city nevada - setting the stage for other dreamers as a platform for all things creative.sot: cheryl edison, larry's girlfriend// "this year harvey had a special art project in mind to add a technological element to the man that mirrors new age society. a robot that can engage with the public at the next event on the playa.a project tha

separate attack involving fraudulent transfer request summer to what we saw from the bangladesh bank heist 2016. our safeguards enough at the moment? larry data sharing as to what is the nature of those breaches. unfortunately we do not know all of the details for what has occurred. both the national regulators as well as global regulators to work together in a much more coordinated action with the private industry to come up with standards in terms of what the sharing should be so we all have the right information so we could protect the financial industry on a global basis. yvonne: that is the issue, how localized relation has been. when it comes to hong kong and singapore, there is a race to become the next fed tech hub. how do you create a global revelatory platform when there is different political, economic, social, and how technically advanced these regions are. larry: you hit upon a very important issue. what we need is standards set up the private sector and public sector. then conjunction -- but paper where we layout guidelines in terms of what should be happening in the financial industry. one of those is it should be preparat