feeding marx detailed information. so when you read marx's description of capitalism, he uses the example of the cotton mill x. it's not some abstraction. he masker of course, this much to buy that thing. and they, again, you know, they're not looking just at sort of vast transformations, they are acutely interested in the day-to-day struggles. and for marx above all it's the length of the day, you know, which is the exploitative moment, you know? and these are child labor. and so, you know, it becomes the central imagery of capitalism in capital, you know? and i think, again, why that is owed to engels including, by the way, marx's ability to write the book because engels subsidized him, offered him the salary he got while he was writing capital. ironic, it dose the full circle -- it goes the full circle. >> it was really eye-opening to read about the early history of manufacturing in the united states. i was having dinner with someone from rhode island, and i said one of the very first factories was in porticket, and

willem marx is live in venice with what you need to watch.ome familiar faces from renzi to berlusconi, willem. it wouldn >> you're right. matteo renzi has been falling in the polls, and berlusconi is actually banned from serving as prime minister, but that doesn't mean he won't be kingmaker his party, forza italia teamed up with a right wing group known as liga, formerly the right wing league they will not necessarily get a majority of votes to form a government, so the negotiations that follow have a lot of moving parts. another party here, 5 shg, the r movement looks like they will get the most number of votes as a single party they issued their list of potential cabinet ministers, trying to project confidence ahead of this vote on sunday either way there will be negotiations likely on monday. a lot of horse trading we won't have a clear picture of who ended up on top and who teamed up with two long term until the end of march back to you. >> i'm curious what your thoughts are and why the equity market seems to be brushing off this uncertai

transcend and jobs and economic stockyards on this argument goes back two hundred years repairer no marx and other people who are saying it's mechanization going to replace libor or no and marches and if there was no it's not going to because instead of more and more workers are going to be employed in the capital goods industries. that are making the machines that displace our manual labor so what you're going to have is an upgrading it later from the old manual labor to the machine making labor well the same argument that was waged in the one nine hundred century can be waged now in the twentieth century how many workers are going to be employed in the artificial intelligence of this great how many i mention all of the all of the gas stations that are going to get more business as a so the parents also mention to each other i mentioned the increase in hospitals and the smoke running power automatic in silence and cars run over pedestrians you know who knows you know how many extra jobs are going to be created by this so the let me let me jump in for a second. and let's go off on a wild

i transit and jobs and economics dr odds on this argument goes back two hundred years repairer no marx and other people who are saying it's mechanization going to replace libor or no and marches and if there was no it's not going to because instead of more and more workers are going to be employed in the capital goods industries. that are making the machines that displace our manual labor so what you're going to have is an upgrading it later from the old manual labor to the machine making well the same argument that was waged in the nineteenth century can be waged now in the twentieth century how many workers are going to be employed in the artificial intelligence of this great how many i mention all of the all of the gas stations that are going to get more businesses are so crowded parasols mentioned to each other imagine the increase in hospitals and the smoke running power automatic in silence and cars run over pedestrians you know who knows you know how many extra jobs are going to be created by this so the let me let me jump in for a second. let's go off on a wild tangent here as

we have willem marx standing by at the eu headquarters let's begin with the big bl blow back in china eunice yoon has more from there. >> i'm coming to you from u.s. trade deficit central. american companies we e. rely on manufacturers like this one to sell and produce goods for americans. this factory makes men's shirts. a lot of other factories make toys, gadgets. and there's a word to describe the mood in this part of the country, i would say it's nervous. this morning we woke up to some very strong reaction out of beijing. some tariffs of their own. these tariffs are not a reaction to president trump's announcement last night, but actually to the steel and aluminum tariffs from earlier this month the chinese chose quite carefully fruit, nuts, wine, modified ethanol, ginseng, pork and aluminum scrap the chinese are targeting president trump's political base, american farmers as well as swing states. as this unfolds, i've been speaking to business people on the ground, basically they're fearful. because we don't know what the tariffs are going to look like president trump has said t

it talks about conditions and what inspired marx to become marx it talks about henry ford and the sitdown strike and fast forward to -- where there are 300,000 workers. many of home are making ipads and iphones. josh is a wonderful writer. it is really an excellent read. we do not expect academics to write so well. but sometimes they do. i always thought that manufacturing began in the late 1700s. in the very first paragraph of your book, you write about the factory in 1721 in derby, england. the very first factory in the world. can you tell us a little about the factory and what the arrival of manufacturing meant for humankind? >> yes, i'll do the political thing. i just want to thank everyone here at the phd program for sponsoring this. and my publisher and my editor, mac -- in derby england there still stands a foundation. it is an extraordinary thing in a way because if you look at a graph of it you look and you say it is a factory. and yet in many ways it was completely pioneered. it made silk thread. it was a common increasing want for this and be thread the sill form in the cocoon

you know what i think it's time to start watching the marx. wonder what it. looks like real that this would. be the plot of. the day like you like i got. this. week so i. rather we're going to watch the hard science i robot and i'm topical and it always somehow goes nuts if this it does doesn't it doesn't that it's not a joke it really is every conversation but it does and i think that's that's what's interesting about connecting those two things and having these moments is that so much today so much and mainstream media or people like hillary clinton are saying some the same something with the russians are still coming it's just i can't it's hard to it's cartoonish at this point for her to say that but it does make the point that this is always been the case it's always and it tends to go back to the communists and they.

cnbc willem marx is in rome with the details.illem >> reporter: yeah, seema, that's right, this is not an unexpected result we saw in the polls last week indicating a hung parliament we've seen the five-star movement, the anti-establishment party formed back in 2009 has come out with 32% of the votes counted so far 30 counted out of 35 or 36 there's still a way to go before we get a final number. if we look at the center right coalition led by the party founded by berlusconi, the former prime minister and lega, rebranded, and they have come out with the party as 37% of the total vote that does not give them nearly enough for the majority and the party of the renzi and paolo gent gentiloni coming out with 27% of the vote what this means a lot of negotiations back room dealing, whatever you want to call it, when it forms in march and you the aegis of the italian president. not a lot of clarity, but we'll have final numbers later today to give a sense of how the parties fit together, but some form of agreement would have to be forth

this story throughout the day fresh reaction from the european union side of the debate and willem marx in brussels with more. good morning to you. >> good morning, wilf. as kayla mentioned there, cecilia malmstrom the commissioner of trade is hoping to meet with robert lighthizer here tomorrow. she said this morning she would be seeking further clarity about whether the eu would be excepted from the trade tariffs on steel and aluminum and she was critical of the way this was handled seeing that the europeans see themselves as allies of the u.s. here's what she said if these tariffs are not going to exclude them from this process >> we will go to wto, possibly with other friends we have to protect our industry with rebalancing measures, safeguards, and preparing with member states a list of rebalancing measures that could possibly enter into force. >> worth pointing out there will be a distinction in terms of timing with the u.s. able to enact these tariffs within 1 days in brussels things move more slowly, we're expecting up to three months of discussions before they can take the measu

well historysism is what the hagel and marx. mark: what is historiorissism. the constant development of the human being so the past is lopped off. >> everything, it goes beyond the human. everything is change, and everything is -- not only is everything subject to change, everything is formed by the process of change, and so we are consciousness, that's a term of art in historicism, charmed by the forces of history working on us. that's the second thing, this is the attractive, the seductive part of progressivism, that is that once you know that everything is in the process of change, first of all, the first thing that happens is it means they start writing about the declaration of independence, it was good for the time but not relevant anymore. mark: so no declaration. >> that won't work, by the way, because if the declaration is false now, it was false then by its own terms, never mind that. so they wipe all that out, but then the second thing is, now you see, wow, if everything is changing, maybe we could get control of the process of change? we could beco

willem marx is live in brussels with the eu angle for us this morning. >> yes yesterday we heard frommissioner from trade and then donald tusk the european council president. he loves word play mr. tusk said that trade wars are bad and easy to lose we've been hearing this morning from officials across europe including germany where they are saying they will take this case to the world trade organization, echoing what we heard from the european commission. and others saying this is a terrible idea. we heard from a former foreign minister in france saying the european union would have many weapons as part of its arsenal that could be deployed against the u.s. in response we had comments also from the european union's vice president, the commission's vice president saying that past examples of u.s. tariffs on steel have ended in thousands and thousands of job losses for americans they're trying to protect also european jobs. he said the eu is still working with its u.s. partners to try to deescalate the situation >> if we did see carve-outs which have been mooted as it relates to the naf

willem marx is live in rome with the latest >> we have a few precincts left to count, but there's beencant gains for two populous parties here that have not had significant roles in government recently. the five-star movement with a clear lead as an individual party and lega as a coalition. leaders of both parties saying they would like to take the rel of forming a new government. that will be up to the italian president. we won't know about that for a few more weeks perhaps months. the real question is public spending, public debt, currently at 130% of gdp, and very crucially italy's role within europe as leaders like emanuel macron try to integrate the continent ever more. >> does the leaders of whether it's the league in the north or the five-star movement, do they have a mandate to block those types of reforms that people like emanuel macron of france are looking for. they softened their eu rhetoric coming into the election, but they're not pro integration. >> many italians are proponents of the european project. there was a realization that by being so critical of europe they were

tariffs in theory should kick in >> willem marx, see you on cnbc.ou very much. >>> this has certainly been an administration where politics and ceos have intersected like never before and chris liddell a former executive of general motors is now reportedly under consideration to be president of the united states trump's economic adviser this comes as gary cohn announced he'll be leaving the post larry ludlow has been cited as that also. ian, do you have a selection, navarro, our friend larry kudlow, nadel or someone jels. >> our friend kudlow, or knight who works. with gary cohn is he nec is still there. and probably be market friendly and somebody that the investors would like better. liddell is a little bit of a question mark because he fits the trump mold as someone who is an executive and knows the corporate world. but the thinking is, based on some of the statements he's made in the past is that he's a little more protectionist perhaps than conh, so that raises questions whether he would fight back >> do you think that gary cohn left entirely b

hear from the european union within the next few minutes, particularly the trade commissioner willem marxbrussels with what we can expect when the european union responds to president trump. >> that's right. we'll hear from the swedish commissioner for trade in brussels she is expected to outline some targeted tariffs and taxes they may try to inflict on u.s. products coming into the european union in response to those proposed measures from the trump white house. they're looking at 2.8 billion euros, around 3$3.5 billion worh of goods split up between three areas. one is steel, in response to the what the trump white house proposed another is focused on consumer goods, so shirts, jeans, motor bikes, and then looking at corn, rice, cranberries and orange juice. we will hear from her about some of those details hopefully also we heard from jean-claude juncker saying he doesn't like to use the phrase trade war, but he believes the u.s.'s behavior has been war-like. christine lagarde saying a trade war is in nobody's interest. they made it clear they do not buy the justification for the tari

agronomist gonzalo marx peÑarreta was exposed to farming chemicals for three years.he worked for a pesticide wholesaler -- until he got sick. gonzalo: i worked for a company that sold farming products -- like pesticides, and so forth. i had to work on the fields that were being sprayed by the airplanes. that's how i got sick. pesticide use makes the plantation workers sick. once they've reached a certain age, they lose their nails, they get cancer, they lose their hair and their eyesight. it's all too much. reporter: it's hard to get official figures on health problems caused by pesticides, but in this region, everyone seems to know someone who has gotten sick. the organic plantations only use natural substances, like manure, bacterial extracts, algae extracts, and oils that may help slow growth of pests like the sigatoka fungus. gonzalo: on a conventional plantation, you can go walking at night and you won't encounter anything on the ground. on an organic farm, you'll find weeds, worms, ants, and all kinds of different insects. reporter: ecuador is undergoing some c

russia and he throughout his campaign trail he not only emphasized the legacy of the soviet union marx and lenin and such but he also talked about scandinavia and the scandinavian social democratic model and what russia could possibly learn from that so it's been kind of a different campaign than what the communist party has previously run and interesting campaign overall but not the results they were expecting i can guarantee you that it's never just about the headline figure is it it's about all the numbers in and i'm going to kind of thanks very much for coming over following the communist party's. trials and tribulations overnight. to turn on only sixty eight percent that's a little more than the election in twenty trial as you'd expect people to move walks of life confident that it's. i'm. going to. try. to put such a. beautiful. look at him i'm sure british it. was a little news. you've been watching all special coverage here from the center of moscow on all t. international it made a day or two to call in for a this by no means over yet in the coming hours we've got more interna

different people take on the role of being signed marx force care one way is one of them. to set out to shout. yes if i could if i could say. country i cut and then we wrote our first song fighting to god and then our cooperation worked so well that i actually became i was started working on his album with them and i actually ended up touring with them for the past five years. i've learned that this music its realization and performances are about more than music i want to be a role model i'm innovative i have big plans and i want to keep pressing ahead with them. that's why a few years ago finance foreign minister made son mark a special representative to promote the rights of people with disabilities he's the perfect ambassador for inclusion how to get the consignments enthusiasm is simply infectious sweet. but. i still will tell you. this. it was just last december that the art of neapolitan pizza making was granted world heritage status by unesco giving long awaited international recognition to the pixar your law profession which includes the spectacular handling and t

in the us let's go off on a wild tangent here as we normally do so yet you talk about ricardo and marx and nineteenth century economic models and how this is not any different but i would posit that it is different because in the case of the algorithmically driven the high tech economy that we're now living in the cost of the raw materials the digits that go into this economy are zero zero this is completely new never seen in the history of economics on a case of over you know they have over drivers working at under below the minimum wage because a platform that algorithmically controls millions of customers and thousands of taxi drivers taking advantage of the fact that there of raw material cost digit electrons to them is basically zero same thing with google as same thing with all these major platforms facebook it's a platform is resting on a reservoir of raw material that causes your oh and so things are trending down is highly deflationary in this regard and so therefore this artificial intelligence again are algorithmically driven is tapping into this a some pot a curve of raw ma

in the us let's go off on a wild tangent here as we normally do so if you talk about ricardo and marx and nineteenth century economic models and how this is not any different but i would posit that it is different because in the case of the algorithmically driven high tech economy that we're now living in the cost of the raw materials the digits that go into this economy are zero zero this is completely new never seen in the history of economics on a case of you know they have over drivers working at under below the minimum wage because a platform that algorithmically controls millions of customers and thousands of taxi drivers taking advantage of the fact that there of raw material cost digit electrons to them is basically zero same thing with google as same thing with all these major platforms facebook it's a platform is resting on a reservoir of raw material that causes hero and so things are trending down is highly deflationary in this regard and so therefore this artificial intelligence again are algorithmically driven is tapping into this a some pot a curve of raw material cost

was an interesting campaign in addition to you know pulling from the legacy of the soviet union and marx and lenin they emphasized what you might call scandinavian social democracy and the need for more of a welfare state so it was kind of a new turn for the communist party in the election so we'll be keeping an eye on that mustache and see what happens next but not a good not a good result for them they were pretty far ahead of all the other parties a pretty strong second though not as strong as they would have won it for me a bit like the kind of thanks very much for that. i was going to turn out to be standing almost sixty eight percent it's a little more than who turned out for the election in twenty twelve that you might expect people from all walks of life and those that. are. looking for. a little bit. well that's it from us for this hour then thanks very much for your company for all future lection coverage which continues for the rest of the monday plenty more reaction not only from the parties and voters in this neck of the woods but also all around the world but for now from m

willem marx is in rome and joumanna bercetche is in italy where do we go from here, what do you thinkhe final outcome is going to be >> well, we've got a few million votes to be counted, karen i think the turnout based on those counted so far we're looking at well past the 60% mark in terms of votes counted. so it doesn't look like a lot has changed. in terms of the picture, irrelevant we've seen there is no single individual party or indeed no bloc that has gained more than 40%. which is not able to form any part of the italian government the most likely outcome, in the next couple weeks, we'll see that the parties will try and informally negotiate with one another, try to figure out who is friends or foes who are not and we'll see leaders in both the upper and lower chamber of the parliament being selected. and around that time, there will be a formal set of conversations started and you the aegis of the president, the 70-something sicilian man who is trying to form a government in the fangses. and the one to five is the five-start movement. they said in the past, they don't want to

thank you very much for that willem marx in brussels. >>> shell and blackstone are working up a $10 billionor miner bhp's u.s. shale assets. all three companies declined to comment on the report. several potential bidders could be in the mix for the world's largest miners, american shale operations investors pressured bhp to sell the unit. >>> and inmar ststat reduced its dividend profit after tax fell 25% due to lower ebita and higher depreciation c >>> coming up on the show, it's a pay day may day for some we'll look at the concerns over the pay packets of elon musk and bob iger that's coming up but i'm not standing still... and with godaddy, i've made my ideas real. ♪ i made my own way, now it's time to make yours. ♪ everything is working, just like it should ♪ successful people have onthey read more.on. how do they find the time? with audible. audible has the world's largest selection of audiobooks. books like peak performance... and endurance. books that energize and inspire for just $14.95 a month. less than you'd pay for the hardcover. with audible, you get a credit-a-month good for

the tomb of karl marx stands sentinel over those of other socialists dignitaries.r kgb officer alexander litvinenko, believed to have been poisoned by russian spies. a reminder, as if one were needed this week, that cold war espionage is alive and well. there's an old kgb handbook which details the tricks russian intelligence got up to in the bad old days of the cold war. the gossip is these techniques are still very much in use. lessson one; when targeting the enemy, don't use a russian if you can find someone from a third country who will do your dirty work for you. this is a strange tale of the connections between three men; the first maltese, the second russian, the third german. we begin with the links between the russian state and the election campaign of a certain american reality tv star. during the american election, trump advisors were offered e—mails from inside hillary clinton's campaign — e—mails hacked by russian spies. the fbi has launched a major investigation. this is trump advisor george papadopoulos. he pleaded guilty to making false statements a

we'll wait and see in brussels >> thank you willem marx. >>> shares of netflix are slipping on downgrade valuation. take a look at stocks, near 70% run. down today about 1.5%. we discuss those concerns in a bit. >>> and taking a look at the dow, down about 153 points stay with us we just got married. we're all under one roof now. congratulations. thank you. how many kids? my two. his three. along with two dogs and jake, our new parrot. that is quite the family. quite a lot of colleges to pay for though. a lot of colleges. you get any financial advice? yeah, but i'm pretty sure it's the same plan they sold me before. well your situation's totally changed now. right, right. how 'bout a plan that works for 5 kids, 2 dogs and jake over here? that would be great. that would be great. that okay with you, jake? get a portfolio that works for you now and as your needs change from td ameritrade investment management. >>> good morning, everyone i am sue herrera here's your cnbc news update attorney for stormy daniels who claims she had sex with donald trump says she's suing to invalidate a nondisc

her frustration with marx mosco moscow. >> a military grade nerve agent in europe. >> meetings betweenritish and russian officials are offer now. there was increased scrutiny of russia. the russians demanded a sample of the nerve agent. >> i said everything done by the british government is absolutely unacceptable and we consider it a provocation. >> russian double agent sergei skripal and his daughter in critical condition were poisoned with a nerve agent identifying s novichok. deadly chemical weapons from the soviet union. despite russian denial, experts say all avenues lead to russia. >> it has to be underwritten by the top authorities in the kremlin. this has all of the of footprints all over it of interservice operation authorize from the highest level. >> the kremlin hasn't taken any action in response to the expulsion about russian officials say they are preparing one. russian president vladimir putin a.b. preoccupied by his visit to crimea today where he thanked residents for voting to rejoin russia. bret, the u.k. called an emergency session of the u.n. security council this

organization french foreign minister said they must respond with firmness to president trump's tariffs willem marx us live from brussels the eu has drawn up the back list of u.s. imported goods, everything from bourbon to oranges. how shaky are the alliances between the u.s. and its allies in europe and nato after trump used national security to justify the tariffs? >> that's something the european commission yesterday said they were not buying. the pretax of national security which was never questioned before is not sufficient ground for the u.s. the european union preparing to respond to those terms by trying to inflict the same level of economic damage to the u.s. economy as they suspect will be impacting theirs, around 2. billi2. bil8 billion euros. we heard the messages from the french, german and chinese that is the message at the moment, to deescalate rather than retaliate >> we are eager not to escalate this we do not want this to go out of proportion the measures that they are possibly still hoping we can avoid it, and we do everything we can to try to offer a doy dialogue it could be a s

quarter or four five times and there are several obvious obvious flaws are more of us weren't aware marx. busy because they're only i don't know the. newly qualified graduates are cool to the bar and gone this is a joyful occasion but mass is expose a is also cost a major cloud over the proceedings. the song is not impressed the chief justice. you are graduating at a target in a legal history well more than ever the perception of the public on the process is largely negative. allegations of bribery and corruption in the judiciary and of the legal profession in general is at an all time high and closer to those possibly at all times and. the chief justice is firm message to the young lawyers is one that is resonate in around the well. when you have had to for charges who are caught on tape. with the evidence they may have taken bribes is an indication that there's something hopelessly wrong with her system. you cannot afford to have a condition a neck country like canada at to start reliable that has car dependent that people have no confidence in. the results of this should be that those

i have heard better towels from harpo marx. i think trump is like any choice you make, the flaws understood beforehand. trump's follies as a man are well documented for decades. the election proved that they were factored in by half the population already. to continue to scream about the fact that he may not have been a good husband or he cheated on his wife, it's like moving to seattle and then every day complaining about the rain. you moved there. the election happened. it's like how conservatives complained about president obama's inexperience after he had been elected and kept complaining about it. he won. that debate is over. the one thing i would do is unlike hillary clinton and the media, i'm not going to trash a woman because of sexual claims but it is safe to say america can accept a billionaire extrovert with unlimited options in new york city and wasn't a great husband. >> kimberly: okay, dana, what do you make in terms of the communications, the interview last night and the reaction. >> dana: raj shah do the briefin

kasowitz will keep representing the president for those women accusing him of defamation matters, maybe marxasowitz will come back to the team where that security clearance question will be relevant all over again but worth remembering part of the reason the president has not been able to put together an a list or b list or c list on the russia matter is reportedly because no top drawer a-list republican lawyer in washington d.c. wants to work on even a presidential defense team if he or she has to do so alongside these hairdo mcswera lawyers, the these guys with the pinky rings and big hair. that's not the stale of most good lawyers that put on an excellent defense for a president with a national security related crime. so john dowd, president's lead russia lawyer out as of today. two more conspiracy theory tv lawyers are in instead. and mr. watch your back f-bomb guy may be back in the mix, as well. four sources tonight say what set off this big shakeup in the president's legal defense is the president going through the roof about robert mueller's latest actions. robert mueller and prosecu

we do have a few of marx books back here if you like to get one. think you.[inaudible conversations] book tv tapes hundreds of author programs around the country all year long. here's a look at some of the events we are covering this week. we are in new york city and barnes & noble take your britney cooper to offer thoughts. and how it can be harnessed to bring about social and political change. tuesday we are back at barnes & noble where the former communications director for hillary clinton jennifer palmeri shares her thoughts on how future female leaders can succeed. also that day anthony hinton is at the alabama book smith. he spent nearly 30 years on death row. before being released in 2015. ben austen is at the newberry library in chicago to provide a history of the green housing project which at one time provided public housing to nearly 20,000 people. and on thursday at the water street bookstore in new hampshire history professor jason sokol will call the nations reaction. that is a look at some of the event that we will be covering this week and man

some people might think she's keep that marx's video and pictures got several comments including this one asking if he uses his daughter in election propaganda you can leave your comments live on this new story on the face that pacer atma say get in touch with us well sarah thank you and speaking of facebook on our facebook feed we are getting comment so awesome is saying i think putin is a good man not only for russia but also for the world and then i lee is telling us this result is sad for modern russian people take a look at this right there this election comes at a time when relations with the u.s. are compared to the cold war and moscow is accused of poisoning a spy in britain so what do russians expect from their leader laura kyle and her guests on sunday's edition of inside story debate this very issue and it's online right now so speaking of the poisoning case the e.u. foreign ministers have reaffirmed their firm support for britain meeting in brussels they said they're taking the u.k.'s assessment that russia is to blame quote extremely seriously the attack targeted the form

a bronze sculpture of karl marx has arrived in his hometown of tir to mark the german philosophers two enters the birthday of the nearly four and a half mere tossed status she was a gift from china's communist government and is the work of chinese artist ways unruh sculpture will be on display starting in may. a russian transport plane has crashed in syria killing all thirty nine people on board syrian state media citing the russian defense ministry says the plane crashed at russia's coming airbase in northern syria and was likely caused by a technical failure. staying with syria u.n. war crimes investigators have heavily criticised all factions in the civil war there for the bloody violence that has consumed the country the u.n. commission of inquiry says both russia and the u.s. led coalition of cost civilian that's with airstrikes it also says that syrian government forces carried out unlawful chemical attacks in rebel held eastern hotel but on close flight well we on the agenda when the u.n. security council meets tomorrow to discuss a failing truce in the region. of. eastern ghout

willem marx is there and joins us live.l street has been waiting for any signs of retaliation, maybe this is -- they're getting it now with this what's happening >> so, cecilia malmstrom is the commissioner for trade here in bl brussels, she outlined a three-pronged approach she will look to retaliate when it comes to certain goods coming from the u.s. to europe, try to match the amount of money they think they would lose because of steel and aluminum tariffs by trying to restrict and add taxes andtariffs on some items but a draft list talked about bourbon, harley davidson and denim from the northern california area. i had a chance to ask her during the press conference whether she thought the u.s. pretext for these tariffs, that of national securitywas realistic. here's what she told me. >> we can't see that the -- that this section 232 referring to national security in the case of europe and some other allies, but they have to talk for themselves, would be relevant. how can possibly such a small import of european steel,

but even you, a guy that reads marx before he goes to bed of course, groch cho marx, of course, this will crush american consumers. >> this week if you were concerned about president trump being our president, you really felt the noose tight women hope hicks leaving and the kushner story and the new conspiracy leading directly interest trump from mueller's point of view, you really see if the and you're starting to see the beginning of a cornered donald trump and what is he capable doing at the expense of the world or the united states or the consumer to save himself. and we're -- i'm concerned that this is a har bon jer of things ton come in what will he do with north korea at the expense of the rest of the world? what will he do in any scenario do this kind of shiny toy thing? hope hicks leaving is very scary. i mean, if you know people that have run companies or people in organizations there's always one or two people in there that run a company that you go to that is somehow the sanity check or somehow the calmer. that's not there anymore. and as the mueller news continue tighten

. >> well, you know, karl marx of all people once said that the crack-brained meddling by the authoritiesse. so it's not just people on the right who criticize government intervention of the kind that they have. i've never tried to predict the stock market, thank heavens -- [laughter] neil: you're a wise man. you're a very wise man. you know, thomas, one of the things we talk about the government's role here, the president, as you know, is trying to exact concessions from those who he says have been dumping steel and aluminum on our shores, and they're responding in kind now threatening tit for tat action that could go global. i know you have called these not so much tariffs, but trade-offs back and forth. do you worry that this thing goes out of control? >> oh, absolutely. i happen to believe that the smoot-holly tariffs of 1930 had a lot more to do with the great depression than the stock market. unemployment was nowhere near as low the first year after the stock market as it was in the first five months after the, those tariffs went in. and it's like many kinds of wars, it is very easy

in terms of inflow -- >> i think marx wasn't available for the job. >> it was tough to get him to washington let me interrupt you and if i have fresh capital to put to work, do i want to put it to work in what has been working or what hasn't been working >> it is a $65 question, tyler we were doing some analysis this morning about large cap growth and large cap values so think about the two halves of the s&p 500 and the faang stocks in growth and the bank and energy stocks being in value. clearly there is more value available and at lower prices. so it would be a good place to begin to put capital to work however, the growth stocks have performed exceptionally well in fact some people are starting to talk about them in terms of 1998 and 1999 again. the difference is the earns are there for the big companies. their valuations aren't out of line given the enormous price increases we've seen so i think the market is safe and think the growth stock leadership is safe until otherwise proven different i just -- i just think there is so many -- so you just talk about the flows a minute ago so much

. >> willem, thank you very much willem marx. >>> joining us to discuss the trade issues is anthony gardnerbassador to the e.u. ambassador gardner, thank you for being here today first of all, let's start with the election. >> thank you. >> let's start with the election first. what does this mean, the broader picture. >> a lot of people will confidently predicting that the populus challenge in europe has been basically overcome. that has been shown to be incorrect obviously. half have been voted for radical extremist groups the other thing that's extraordinary has been mentioned by your correspondent. the center left policy party scoring worse. it really shows it's going to be difficult to travel out there. of being unwound >> i realized you are not in the business of recommending stocks one way or another we've had market strategists who have told us, look out there's so much uncertainty, markets don't like uncertainty would you agree with the general thesis that there's going to be an unknown situation for some time to come in italy? >> i agree completely. for eight months actually i've b

will lamb marx joins us. >> reporter: we heard it was a frank discussion with the european trade commissionerarket disruption that's nothing new he called it calm headed behavior from the u.s. mr. melstrom is speaking a few hundred feet from here they're not worried about trade and she added that protectionism is being added as a weapon to threaten and intimidate us she said the u.s. would not get the union to enter into any fresh trade agreement. she said mr. lighthauzer has had no clear guidelines for her on how that exemption could be won by the european side a lack of clarity here from the european commission in terms of what they're hearing from the u.s. trade rep >> all right willem, thank you. we'll see. just reading the journal piece on this. never a dull moment. >>> with president trump accepting direct talks with north korea, our next guest will walk us through the next steps let's bring in michael o'hanlon, brookings institute foreign policy senior fellow also, co-director of the 21st century security and intelligence and, michael, you've been on a lot we've talked a lot about all

got to be absolutely sure that that has not been the case in the uk, and that that is the reason why marxant, and that is to be clarified, but until then, there needs to be a charter of fundamental rights, in terms digital lights democrats and individuals on the —— and in terms of digital rights for people and individuals on the internet. thank you so much. in a moment the business news. first a look at the headlines on afternoon live: a healthy increase — more than a million nhs workers in england are offered a pay rise of around 6% over the next three years. changing his profile — the academic at the centre of the row over the use of personal facebook data now describes himself as a scapegoat. here‘s your business headlines on afternoon live: wages grew by 2.6%, excluding bonuses, in the three months to january. the unemployment rate fell aswell. earnings growth is almost meeting inflation which is stand at 2.7%. tech stocks continue to fall as investors react to calls for tighter regulation as a us regulator, announces it‘s looking into facebook‘s handling of personal data. the social

yeah interesting stuff and equally fascinating is marx kaiser and stephen bowl wins great american pilgrimage their latest episode starts in just a moment and i'll see you again often our time. hey everybody i'm stephen bob gosh i want to ask hollywood guy usual suspects every proud american first of all and restored russian and our video to suggest this is my buddy max famous financial guru as well just a little bit different out of the neighborhood and a there are no windows up with all the drama happening in our country i'm shooting the road have fun meet everyday americans blah blah blah blah and hopefully start to bridge the gap it is the great american people. above. the me. about your sudden passing i've only just learned you were a south and taken your last wrong turn. caught up to you as we all knew it would i tell you i'm sorry finally i could so i write these last words in hopes to put to rest these things that i never got off my chest. i remember when we first met my life turned on each bathtub but then my feeling started to change you talked about war like it was again still some