>> i'm monica malpass. philadelphia's mayor proposes raising property taxes 6%, and the shock waves are immediate. let's get the inside story. ♪ good morning. welcome to "inside story." i'm monica malpass. and let's meet our insiders this week. they are ajay raju, attorney. o have you again, sir. ed turzanski, foreign policy analyst. always nice to see you, ed. david dix, governmental affairs. good morning to you, sir. thank you for joining us. and we welcome a new panelist, liz preate havey. she's an attorney and gop party chair, and welcome. we're so glad to have you as well, liz. >> thanks for having me. >> absolutely. let's talk about mayor kenney's proposal. literally, city council had an immediate reaction. so did pretty much everybody who was listening in a good way or a bad. but his idea was raise taxes -- possibly property taxes -- 6% to dig out the $1 billion school deficit that the school remains in -- school system. and, so, of course, that's important for our childrenhos, t everybody else said,

>>> "action news" continues with meteorologist adam joseph jaime apody, rick williams and monica malpass> hello again. here is what is happening on "action news" tonight. less than a week after a nor'easter left a trail of debris and power outages we are tracking another storm that could cause problems today and tomorrow. >> and a driver that dragged his arrive behind for three miles after hitting an overpass. >>> and a local mayor makes a big announcement. >> now the details -- the sec nor'easter to hit the delaware and highlehigh valley is just hour as way. check the bottom of your screen or online at 6abc.com for school closures. >>> and it's creating issues for travelers tonight. septa plans to operate regional rail trains on a severe storm schedule tomorrow. mirroring a saturday timetable with some adjustments. septa asks customer to avoid travel if at all possible. and a modified schedule on the northeast corridor between washington, d.c. and boston. a full list of septa and amtrak changes can be found on the website at 6abc.com. we have live team coverage ahead of the nor'easter t

for jaime apody and cecily tynan and adam joseph i'm monica malpass have a good night and be safe. >>> "action news" delaware valley's leading ns program. >>> this one turned out just as we expected it would. a lot of snow. substantial winds at time and kept going on the roads and many people staying at home. >> oh, yes, a lot of kids spend their kids at school perfecting the sledding techniques with help from dad. it's wednesday night and the big story is the last legs of the for easter and mobile 6 is live on delaware avenue heading south just having passed penn's landing and we can tell you that the storm is prepare fog move out to sea. and much of it already has. we expect is that most schools will be back in session tomorrow but we are waiting to hear from major school districts. and our projected snow totals were pretty much on target. meteorologist, cecily tynan and adam joseph brings us up to date in a moment. first let go to annie mccormick in limerick she is touring t tri-state area for hours. hats about limerick? >> reporter: right now limerick is beautiful and the snow sto

monica malpass is live now with more. >> reporter: the white house chief of staff did say even though he is a four star retired general and used to serve as the head of homeland security. he had issues with jared kushner and steve bannon and other high level staffers. but during an event he made a comment that raised eyebrows and even got a few laughs. >>> and an inspirational stories. and what one of the donors told the person that received her kidney we'll have that story coming up at 5:00. >> thanks. >>> local law enforcement officers are being recognized for going after delink went parents. the onner comes from the child support council and they were chosen because they served 100% of their child support warrants since 2017 and resulting in the collection of $235,000. >>> a palmyra principal is looking forward to sleeping in his own bed because he woke up on the roof of his school this morning. charles street school principal promised his students he would spend the night under the stars if they completed 1,000 minutes of reading in honor of dr. seuss's reading and they did it. an

monica malpass was one of the speakers in center city tonight.ladelphia women in film and television recognize one of their contemporaries tonight, sharon pinkenson, the director of the film office, honored at the elevation awards gala. her every time every efforts tod productions to pennsylvania have kept the city in the spotlight. in hollywood, they'll be celebrating the film industry with the glit si way this sunday at the 90th academy awards. the party beginning at the governor's ball. celebrity chef wolfgang puck in charge for the 24th straight year, wine from francis ford coppola, 1500 guests are expected. you can see the oscars live sunday night with >> students flex their problem-solving mussels at the police athletic league math competition. students challenged themselves using mental math to solve problems. >> let's forget about the kidding here, great game by the sixers in cleveland. lebron had to be impressed. >> will that mean he will join the sixers? we do not know. we have been talking about lebron james to the sixers rumors. earli

malpass walked back that comment, no, no, i misspoke.tension between the administration over the economic future talks and future how to respond to china and economic matters. david: right. in other words, there clearly might just be something happening underneath that we don't see. we got perhaps got a -- of it. back to those remarks, how significant are they? di: first of all, it's confusing. what are the talks with china? what is our economics relationship? china has $1.2 trillion in u.s. treasury bonds. they are our biggest ford holder of u.s. debt. so that is significant. in recent weeks, the administration, president trump has come out with the terror, the steel -- the tariffs, the steel and aluminum tariffs, which is largely aimed at china. there is a lot of tension anyway. end, thatalks were to would create further tensions. betty: what could an end to these talks actually mean? jodi: this has been a channel for conversation, for linkages. they have had people coming back and forth on in annual basis to discuss economic matters.

>> "action news" continues with meteorologist adam joseph, jaime apody, rick williams and monica malpassllo again, monica is off. here's what's happening on "action news" tonight. much of greater philadelphia is under a winter storm watch as we track a second nor'easter that could create major problems this week. plus, construction of a pipeline in chester county is facing more criticism after three large sinkholes opened up in massive brawl at a new jersey chuck e. cheese we're learning new details about two women who are now facing charges. >> ♪ >> now the details on the accuweather alert we've been telling you about with evidence of last week's powerful nor'easter still creating issues across the delaware and lehigh valle, m the way. chopper6 hd over theews are stis of removing several large trees that had fallen along manayunk road including one near conshohocken state road and another one near bryn mawr avenue. similar scenes could be on the horizon as a second nor'easter in less than a week is heading our way and with the very latest on that meteorologist adam joseph who is trackin

monica malpass was one of the speakers in center city tonight.women in film and television recognize one of their contemporaries tonight, sharon pinkenson, the director of the film office, honored at the elevation awards gala. her every time every efforts tod productions to pennsylvania have kept the city in the spotlight. in hollywood, they'll be celebrating the film industry with the glit si way this sunday at the 90th academy awards. the party beginning at the governor's ball. celebrity chef wolfgang puck in charge for the 24th straight year, wine from francis ford coppola, 1500 guests are expected. you can see the oscars live sunday night with host jimmy kimmel starting at 8:00 right here on channel6. -♪ well, i'm trying to get home ♪ ♪ but it feels like another life ♪ ♪ that the further i go ♪ the more that i know ♪ that i want to go home -[ snorting ] ♪ the more that i know new tv, new speakers, netflix. this is going to be the place for binge watching, ladies. is it, ladies? fios is a 100% fiber-optic network, literally engineered for stre

. >> i'm monica malpass.aising property taxes 6%, and the shock waves are immediate. let's get the inside story. ♪ good morning. welcome to "inside story." i'm monica malpass. and let's meet our insiders this week. they are ajay raju, attorney. o have you again, sir. ed turzanski, foreign policy analyst. always nice to see you, ed. david dix, governmental affairs. good morning to you, sir. thank you for joining us. and we welcome a new panelist, liz preate havey. she's an attorney and gop party chair, and welcome. we're so glad to have you as well, liz. >> thanks for having me. >> absolutely. let's talk about mayor kenney's proposal. literally, city council had an immediate reaction. so did pretty much everybody who was listening in a good way or a bad. but his idea was raise taxes -- possibly property taxes -- 6% to dig out the $1 billion school deficit that the school remains

guy: what happened with malpass in this new speech -- in this misspeech?e get to that point? the u.s. and china have been holding these multiparty talks for some years. they call it the comprehensive dialogue. they fell apart last summer when the u.s. and china could not agree on how to take it forward. ofid malpass got up in front international financers and said he discontinued the talks. the u.s. never formally announced they did that. they called and reporters and they are walking it back. they said they are stalled, but not discontinued. secretary mnuchin is still talking to his diet -- his counterpart in china. a bit of an embarrassment for the u.s. in its effort to turn the world against the chinese. guy: will there be a problem with the communique? case, we have the obtained a copy of the communique and it looks like they are finessing one of the problems they had a year ago when steve mnuchin refused to sign on to the normal g20 language that commits countries to free trade. they're going to talk about the importance of trade to the world and this

with jaime apody, meteorologist, cecily tynan, and rick williams and monica malpass. >>> tuesday night and the big story on "action news" an ac warren alert as we continue to monitor another nor'easter headed our way. city and state agencies are already making the necessary moves to be in place when the storm hits. >> pennsylvania and new jersey declared states of emergency. we see a mixture of rain and heavy wet snow and wind starting tonight and all day tomorrow. because of the expected conditions, all philadelphia public and parochial schools are closed tomorrow. we are also running additional school closings on the bottom of your screen and online at 6abc.com. >>> of course the timing of the storm could not be worse. power crews are still trying to restore service to tens of thousands of customers in delaware and montgomery counties. they lost power during the last one on friday during the nor'easter. this all day storm will certainly test the resources. >> and the storm has a bit of everything and getting around will be difficult especially during the evening commute tomorrow. roa

vonnie: still ahead, treasury undersecretary david malpass saidhe misspoke when he the u.s.l economic dialogue with china. we get the latest from buenos aires next. this is bloomberg. ♪ mark: live from london, i am mark barton. vonnie: and live from new york, vonnie quinn. this is "bloomberg markets." confusion over u.s. trade policy, david malpass of the treasury department says treasury had discontinued the formal u.s. china comprehensive economic dialogue. interview, he said it was due to the lack of progress from the chinese. >> china appoints in its recent history has moved towards markets, they are joined international institutions, and they were allowing market pricing within their own economy. but in recent years, that has stalled or even reversed. that's a concern for the world, because it means that the world can grow as fast as it should. vonnie: he later said he had misspoke and that high-level talks to continue between the treasury and china. michael mckee conducted that interview earlier today and he joins us now. what is the official u.s. position on the china

through the week and, confusion at the g20 summit in buenos aires, david malpass adjusting that --

with jaime apody, meteorologist, cecily tynan, rick williams and monica malpass. >>> it didn't look like much this morning but that all changed as the hours passed. as accuweather predicted the latest march nor'easter brought the heavy wet snow and treacherous driving conditions to the region. >> here is a look at center city philadelphia and cape may new jersey, right now where you live determined what type of precipitation you had. and how much you got today. folks at the shore mostly got a wintry mix and most of our regions to the north got socked with snow. and continuing coverage of the march nor'easter and the precipitation started to fall late last night and the roads are covered in snow. >> barely passable in regions. and folks are asked to stay home if they don't have to go out. >> and little by little was the way to tackle this heavy snow. all right mobile 6 driving right now along northbound route 1 headed toward cotman avenue and it looks like the roads are treated and folks are moving along at a decent clip but on the ride hand side not as good. the middle lane is the best o

also david malpass. does that give you any solace?that there are people agree with you on trade now part of the trump administration? >> it does. let's see action. what we heard from president trump yesterday this awful move vis-a-vis china is the first of many. markets have responded. who in the administration who believes as we do is going to stand up for the right of people to trade with anyone regardless of what country they are in? david: todd, quickly. >> yeah markets responded. they're up 29% since trump took office. you have to understand that you have to negotiate -- david: todd, they're down since the tariffs were announced, right? >> sorry? david: the markets are down since the tariffs were announced? >> they're down but david, we know that the market should come down anyways. we talked about market coming down before tariffs were thought about. david: both of you guys, both of guys are good friends of mine. you're both brilliant. you're both free-marketeers. you have a big difference of opinion on this one. come back and t

mick mulvaney, the budget director, david malpass, i believe he's at the fed.o work at bear stearns. >> where is david now? at the fed? liz: he had his company. >> he's in the administration, isn't he? liz: he may have joined them. >> doug, a longtime economist in republican circles. liz: right, served with mccain. >> right, i know that larry spoke with the president yesterday, they had a very good conversation, and as i said yesterday, i believe it was on charles payne's show, on cavuto's show with charles payne co-hosting, larry is starting to loosen up and warm up to the president's protectionist position, you can see it in tweets and writings, and it's somewhat baffling. he obviously wants the job, he's soft pedaling a lot of the tariff stuff saying, well, looks like the tariffs are not so onerous, he's telling friends it looks like trumps are backing away from the low level tariffs. liz: what are friends telling him? >> be careful with the job. a lot of friends tell him not to take it. larry doesn't know trump very well. and donald trump is not a lineal th

. >> tell us w about our on our facebook and twitter malpass. eporte later this morning philadelphia'sn school deficit. the shockwaves are immediate. county i pharma because it says a causing the epidimic. we'll talk about that ony and i hope to see you withst internet available you'll enjoy virtually seamless streaming for only $79.99 per month with a two year agreement and get one year ios gigabit connection on the 100% fiber-optic network, you can stream on up to 100 devices at once. so get the fastest internet available plus netflix, plus up to 200 tv channels plus phone, plus for just $79.99 per already have netflix? we'll pay for it. so get one year of netflix on us.ore fios by verizon has won the jd po by customers for residential internet service in the east 5 years in a row. so experience netflix on the 100% fiber optic network made for streaming. switch to fios and get one year of netflix on us with a two year agreement. go to getfios.com to switch today. thanks for coming in today. when it comes to planning for retirement, i get this a lot. first comes denial. not worried. p

valley's leading news program with jaime apody o-meteorologist cecily tynan, rick williams and monica malpassjoining us and the big story on "action news" tonight is anaccuweath a major nor'easter is once again heading our way. >> yeah, the storm is similar to friday's only the wind won't be as strong. but the snow will be heavy and travel will be dangerous yet again. this is also another big problem that we're seeing across the region. and crews don't have much time to fix it. downed trees and power lines blocking roads and cutting off the power. residents who have gone without electricity may not get it back before the next storm hits. >>> we have live team coverage today. "action news"'s walter perez is live in south whitehall township with cleanup efforts across the lehigh valley. and sarah bloomquist is in wynnewood montgomery county with the efforts there. >> but firs latest on this next nor'easter from are meteorologist cecily tynan. >> this is news people still recovering from friday's major nor'easter do not want to hear but double scan live showing that next storm system, the pieces

in an exclusive interview, david malpass tells me the u.s. responding to provocation from china. in itsa, at points recent history, has moved towards markets, joined international institutions, and they were allowing market pricing within their own economy, but in recent years, that has stalled or reversed. concern for the world because it means the world cannot grow as fast as it should. michael: when a secretary mnuchin's jobs will be to gin up pressure on china. they will have intellectual piracy. like support from allies, a goal made more difficult by the steel tariffs, and a fear that trump is on the urge of -- verge of starting a trade war. the u.s. may be on that list. michael mckee, bloomberg, buenos aires. anna: much to look ahead to this weekend, whether it is the g20 meeting or the fed decision. stephen joins us this morning. happy monday. let's talk about your concerns about trade or lack of concerns around trade. where do you start to think about material significant increase in protectionism and what that means for your investme