matt miller is also here, former chief of staff to vice presidents joe biden and al gore, ron klain is on set. matt, let me start with you. i feel like you and i have been having this conversation about jared kushner. you and i and probably ron klain probably has too. a background check process, but most people, i hate to use the word normal, but normal white house staffers take as seriously as a heart attack. the fact jared kushner never, was never, ever cleared and the problems with his background check so dire that the white house chief of staff wrote a memo. i think this is the first report of a memo written by the white house chief of staff. white house counsel also getting himself on the record, at least internally, objecting to jared's clearance. >> it's an alarming action by the president. obviously the career officials who conduct these investigations conduct thorough investigations and they make the decisions based on facts and evidence. the president obviously had the authority to overrule those decisions. it's something i have never heard of a president doing in the past bu

matt miller, in general, we look at paul manafort today.e have yet to see the real guts of what paul -- of what robert mueller was originally assigned to investigate, which is what happened with konstantin kilimnik? what happened with wikileaks? we see pieces of this on the edges of these prosecutions, but i think until we see roger stone's trial, presumptively, and what's in the mueller report and any other indictments that may come down before the mueller report, this is an unfinished chapter. >> it's an unfinished chapter. and the question is whether we, the public, will ever be able to finish it. i think mueller certainly has the answers to those questions. he knows what happened in that meeting that paul manafort had with constantikonstantin kilimn. he has rick gates in cooperation telling him. the big question is whether we find out if there are no indictments brought. if there are no indictments brought, another conspiracy indictment around collusion, the collusion question that's brought before mueller wraps up, i think we'll get so

matt miller will be with us, we will talk about what is being discussed behind the scenes in geneva. bloomberg radio is live on your mobile device or dav digital radio in the london area. this is bloomberg.

let's go live to the geneva motor show where matt miller is standing by. great to see you. : i'm here with herbert diess, the ceo of volkswagen. we are standing here in front of this buggy. is the concept for volkswagen but also a new business model. fast in we are really getting up to -- already 60 million cars. this new technology, the drivetrains will be quite similar. the differentiation between the drivetrains will be much more limited. one in the back, one in the front, you had to switch sides, battery in-between, so two motors. so it does make sense to share this technology to make it more affordable and to a better car. we are now really making good progress. i think it just makes sense to offer this to third parties. get our margin there and make electrics really come through. revenuesis also a new -- revenue stream. carmakers are experimenting with new ways to bring in money. you are going to need it because you are investing 50 million -- 50 million euros. how much can you bring in with new revenue streams? herbert: too early to chart. for the foreseeable future,

matt miller, former chief spokesman at the department of justice. former federal prosecutor glenn kirchner. with us at the table, assistant -- former assistant u.s. attorney mimi and donny deutsch. mi many mimi, let me start with you. this sort of picture emerging of the standards seem very strategic and republicans unsurprisingly stumbled into the trap, the white house stumbling into the trap. up a nancy pelosi made clear yesterday was that i'm going to lock arms with the republicans and i can't imagine that they wouldn't be as alarmed as i would be. if robert mueller, or the southern district of new york, or the eastern district of virginia, or anywhere else that's investigating donald trump and his cohorts, finds criminal wrongdoing. >> yeah, i mean, she set it up so that -- first of all, let me say this. my view, which is sort of out of my lane a little bit because it's more political than legal, i feel like nancy pelosi has earned my trust on this, the way she's handled trump so far, i think has been pretty brilliant. and so if this is what she

it's never worth it. >> it's the undercurrent, matt miller. as with mike flynn, who had the authored to change sanctions policy but lied about it to the fbi, as with jared kushner, who probably had knowledge that the president of the united states could overrule the security, why not come clean about what he did? here are three things he failed to disclose in one of his runs. i think he updated his background forms in excess of 200 times. he failed to disclose contacts with russia around the trump tower meeting. had to be a memorable event, i don't know. meeting with kislyak, meeting with the head of a russian bank. those are just big questions about russia's role in the 2016 election and he forgot about them. >> look, i think the reason people usually lie is because the alternative, telling the truth, is extraordinarily damaging. people know if they lie and they get caught, it's going to hurt them but they make a choice because the alternative hurts. what ron said a moment ago is important, which is what are the underlying reasons why the sec

joining me now, kasie hunt, paul charlton, and matt miller, former spokesman for attorney general eric holder. kasie, first to you, because this is clearly setting up to be quite a confrontation. you've got three major committee chairs now sending 81 documents plus, even more going to the state department and other -- you know, the translators from the helsinki summit. we're talking about a massive search now for evidence, potential evidence, and the white house general counsel saying, thank you but no. so what are the possible legal consequences, subpoenas next, then a fight through the courts? >> andrea, that's exactly what democrats have been carefully trying to think through as they've undertaken this oversight mission. what they've wanted to avoid all the way along with going too far, too fast in a way that puts them potentially in a bad position with the courts. so that's why you've seen them be very careful. the leadership, anyway, in talking about the "i" word, impeachment. they've tried to avoid it basically at all costs. they've been pretty methodical at the ways and means co

let's go to matt miller in frankfurt. great to have you with us. the hurdles to this deal actually going through? matt: well, there are many hurdles to the deal. the job cuts you just mentioned are a huge one. even if the german government has gotten behind them, they will still take a lot of political flak for 30,000 job cuts in frankfurt or around germany. the other thing is it will be a very expensive process to finance. deutsche bank is going to have to figure out how to get 8 billion euros to finance this thing, according to analysts we talked to. one way would be to sell assets, the dws asset manager is possibly in play right now, but that wouldn't raise nearly enough capital, and they would have to go to shareholders for the rest. finally, the question of whether or not putting together two weak banks to make a stronger bank is the third issue they are facing, and a lot of people, including analyst and investors, are concerned the answer would be no. manus: good morning. we spent a little bit of time on saying that something bad must be on t

let's get to the geneva auto show where matt miller is joined by toyota's ceo for europe. matt?s very much. great to have you here this morning. let me ask you about the electrification push for toyota. we were talking about huge numbers for the european car manufacturers, but you were there long before anyone else. is it going to cost you as much as to electrify your whole fleet? we started the electrification 20 years ago with a hybrid vehicle. in europe, 50% of sales are hybrid vehicles so we are fairly advanced when it comes to electrification. if we look at the target, which has been set in the european electrification is an absolute requirement. inwill continue investing not just hybrid vehicles, but plug-in hybrid vehicles, electric vehicles. matt: what do you think of the hydrogen fuel-cell potential? if you look out five to 10 years, do you see a mix of alternative powertrains or do battery vehicles when? johan: --win. johan: there will be a next. 20 -- mix. ago, we said there would be a hybrid portfolio of technologies that would be utilized and they would be utilized

. >> matt miller, i ask you, you're more of a scholar of presidential and legal matters than i am but it seems to me it's possible donald trump in two-plus years in the white house has mentioned the word pardon in public more than all of our previous presidents combined. what is that about? >> i think it's very clearly about sending a message to witnesses and defendants and others who are facing this difficult choice about whether to cooperate with investigators and tell everything they know, potentially implicating the president or president's family or other people close to the president or whether to sit and not talk to them and hold out until the end of a trial or a guilty plea knowing that at some day the president might be there for them. i think that's why he sent that message in private. as you allude to, it's been reported his previous attorney john dowd had conversations with mike flynn and paul manafort. it's why maybe he had this discussion with michael cohen. it was a remarkable thing for him to put on the record. no one knew that until he put it out there today. and i th

johnston and our msnbc justice and security analyst, matt miller. matt miller.s suing the trump administration. his lawyer asked or inquire about a presidential pardon. what does that do with his credibility. do you think he's purgering himself? >> he certainly had one. he admitted that he lied. whether he intentionally lie or not, i don't think we know. the stem that lanny davis, after july when he changed and started cooperating. i don't think it holds up very well. does not mean you can prove a jurge are jury chase. with respect to what it means, just like the district of new york. they don't make that joust because of michael cohen's testimony. we have to factor everything we know and verify every step of the way. that's what congress should do. >> michael cohen was in front of the house intelligence yesterday and he came in with a number of suitcases presumed to be documents that he intended to give over to the committee. one of the documents, he talks about his edits of the original democrat that he gave to congress that was proven false. if there are edit

msnbc justice and security analyst matt miller, and msnbc legal analyst mimi rocah, former assistant u.s. attorney in the southern district of new york. kristen, the president kept it short and sweet on the south lawn this morning, the "no collusion, witch hunt" remarks that we've all gotten used to. but take us behind the scenes, what's going on with the president and senior staffers as they're waiting for this report? >> well, the anticipation is mounting, chris. there's no doubt about that. the white house is ready with contingency plans, with statements. the president's legal team is ready. i spoke with the president's attorney rudy giuliani overnight, who told me that look, they are anticipating they are anticipating there will be some type of acknowledgement that the report has transmitted to the attorney general bill barr and once that does happen, they will answer with a short response, essentially saying we're aware that this has happened when we will give a more fulsome response once we've had a chance to review the report, if that happens, because as you say, chris, it's r

matt miller thank you so much. up next we could be heading for a major confrontation between house democrats and attorney general bill barr. what they're planning to do if the justice department will not release the full report. ice dep release the full report. tailored recommendations, tax-efficient investing strategies, and a dedicated advisor to help you grow and protect your wealth. fidelity wealth management. to help you grow and protect your wealth. [zara larsson - "wow"] ♪ ♪ baby i'm not even in a gown ♪ and the only thing u have to say is wow ♪ ♪ make you're jaw drop drop say oh my drop drop drop ♪ ♪ make u say oh my god my drop drop ♪ ♪ make you're jaw drop make u say oh my god ♪ ♪ and you never felt this type of emotion ♪ ♪ make you're jaw drop drop say oh my drop drop drop ♪ ♪ make u say oh my god my drop drop ♪ ♪ make you're jaw drop make u say oh my god ♪ at to cover the essentialsyou have in retirement, as well as all the things you want to do. because when you're ready for what comes next, the only d

francine: thank you so much, matt miller with a great interview. will have much more with matt on more engaging interviews. next, the tax slow down as china lowers its growth charges and announces a major tax-cut. a tough economic battle ahead. we are live in beijing next. this is bloomberg. ♪ francine: economics, finance, politics -- this is bloomberg surveillance. let's get to the bloomberg business flash. viviana: elon musk reportedly blind-sided many employees with a surprise announcement the electric carmaker will close most of it stores. many sales personnel only found out about the decision when the ceo made it public. until last week, tesla's store strategy seemed to be one of expansion. plans to proceed with a formal takeover for newmont mining despite the board unanimously rejecting a nearly $18 billion deal. is ceo says barrick definitely not risk drawing -- not withdrawing its hostile bid. francine? francine: thank you. china has lowered its goal for economic growth and announced a major tax-cut. speaking at the national people's congre

pcb data, matt miller is in frankfurt. above $56 andding barrel wti brent. to moving recent days. is the chinese equity session looking lackluster and that applies to asia. weakness in the asian sector, worries about mobile growth. lack of detail on progress on trading deals, as well. the pound pretty flat. not a lot of confirmation, but chatter about what could happen next week. could theresa may do a speech today -- this week? this is the picture on european futures. we are expected to follow asian equities downward. .1 and .5%. let's see how european equity markets open up. the concern is returned to the global growth story and the lack of progress on trade. we've talked for many weeks about the potential for a trade deal, how much of that is pricing for markets yet we don't see it coming through yet. we don't see confirmation or a meeting between trump and xi. issuesils on how many that lie between the u.s. and china could be resolved in the short-term. this is where we are on the equity markets. 1% -- .1%, the cac down .1%. glancing at the imap, the pic

annie carney, matt miller, we appreciate it. as it laid the groundwork, some say not so fast. and one day after trump says he takes kim jong-un at his word, the parents of otto warmbier name who they think is responsible for their son's death. "the 11th hour" just getting started on a friday night. i know what it means to have reliable support. i found a company who believes in me. they look out for me. and they help me grow my career. at comcast it's my job to constantly monitor our network, prevent problems, and to help provide the most reliable service possible. my name is tanya, i work at the network operations center for comcast. we're working to make things simple, easy and awesome. >>> is there any other wrongdoing or illegal act that you are aware of regarding donald trump that we haven't yet discussed today? >> yes. and, again, those are part of the investigation that's currently being looked at by the southern district of new york. i lied to congress when mr. trump stopped negotiating the moscow tower project in russia. i stated that we stopped negotiating in january

matt miller, former chief spokesman at the department of justice and former cia director john brennan joins us. let me start with you, chuck, we are in this sort of -- let's just fess up. we've all got our phones in front of us because we really are in this moment where anything can happen at any time. our viewers are i think growing impatient with this idea that we're all on mueller alert. but we are on mueller alert because the white house is on mueller alert because the attorney general is on mueller alert. >> that's right. we're all on mueller alert. to tamp it down just a little bit, what mueller is doing is really important. that report matters a lot but that report is not the whole ball game. by the way. when that report is transmitted to bill barr, bill barr has a tough call to make, which is what do i do with this thing? what do i do with all of the stuff in this report that's classified or protected by grand jury secrecy rules or that concern ongoing investigations. i would love to read the mueller report. i'd like to read it tonight. i'd read it this weekend if i had it. bu

former chief spokesman at the department of justice, matt miller's back, former dnc senior adviser doug brunell and chief national correspondent from "the new york magazine" makes a triumph faept retu triumphant return to the table. there's so little that we don't know about what's going on in trump's mind because he tweets it, he blurts it out. this fiction, does it feel like part of a last-ditch effort to sort of soften the ground of his base or is he talking about something real? >> i don't think he's talking about anything real or any new line of attack against robert mueller. he i think is like the rest of us, which is the report could watch imminently or in two months. the imminent report has been six, seven weeks old. >> we took the word imminent out. looming. >> it is definitely looming. i think the ground is soft under his base or par, whatever the way his ground would be. they seem to be with him. i don't think what he said today will influence that in any way. but it's all very curious. it's sort of part of a larger pattern of cure osness that we keep wondering about in shows

emily: that was the eu competition commissioner in berlin with matt miller and anna edwards.tify's ceo meantime laid out his argument in his speech in berlin and spoke to bloomberg news to talk about this brewing spotify-apple showdown. mark joins us from los angeles. way out the argument here. he says whatever apple is doing has had a big impact on spotify's business. how so? mark: he is referring to a few very specific things. , the 30% cut,iew which apple has been doing across all applications with subscriptions built through the itunes and app store, he referred to apple not making it easy for spotify to be a true competitor on products . the spotify application is fully functional. it can take all the apis. it is very similar. on the apple watch, it is not an equal streaming equivalent. you cannot stream spotify over the cellular networks if you have a cellular apple watch. it does not run as effectively in the background. the homepod is exclusive to apple music unless you will airplane music streaming it from the iphone to the homepod. it works with air plate but does n

i'm joined by matt miller, david corn, jason johnson, nyesha moody mills. matt, how does this usually work and how is it working tonight? >> well, one, it's going long because i think we're all being reminded from the trial that this judge, judge ellis, likes an audience. he has an audience right now. a lot of people gathered. he's going to take his time and say everything he wants. i think it's interesting that manafort is going to speak to the judge. he's going to try to convince the judge that he does accept responsibility, something the special counsel in his sentencing memo said manafort has not done and argued that he tried to cooperate. and then basically beg the court for mercy. that would be, you know, the case he makes i think will be one that is diametrically opposed to the one the special counsel has been making both in their filings and in court today. think the interesting thing about the tact they take every time they've had a choice with manafort, whether to go easy or go heavy, or really each to go between going heavy and heavier, they have

matt miller spoke with the ceo.eere and we same outlook to keep profitability at this level. guy: this is a huge pivot underway. industrial in our reporter who joins us from munich. oliver, vw upping the targets of electric cars. this is having a negative effect on margins. they are having to spend to make this change. oliver: yes, that is exactly right. this is something that the not just do from today into tomorrow, there is a difference in production facilities, that means capital expenditure, and if you are looking at a huge target and a big bet on electric vehicles, that means a lot of spending. that is what they are looking at. and they are looking at the squeeze it will have on the margins. vonnie: what ripple effects will there be in the industry, what did we learn that is new? oliver: vw is taking the lead on saying, we really think, or they really think electric cars are the future. other german automakers like bmw have been more cautious, they have said we do not know how consumers will feel about the tec

chuck rosenberg, matt miller remain with us.ck, i've also heard a theory, and there is one more piece of evidence we'll put on the screen. roger stone posted and then took down on social media this weekend this graphic cute enough under theguiguise of roger rabbi in some way, she tosses him behind bars. he can then argue that he should have another judge at trial. do you buy into any of that? >> if that's his theory, that's a complete and abjekt failure, brian. this judge has shown remarkable patience. remember, in the indictment there is a threat by roger stone that he threatened to kill another person. he said, be prepared to die, expletive. any judge i worked with would be putting him in jail, would revoke his bond. this judge is playing a long game. roger is playing a short game. you're not going to get a judge recused if she makes a decision well within her discretion for failure to make bond by her orders. she issues orders, she does not issue suggestions, and it does not seem to me that mr. stone gets that just yet. >> an

bloomberg's matt miller us from wolfsburg with a guest. great to have you with us. : here with herbert diess, ceo of volkswagen. thank you so much for your time. butheld two-year forecast, profitability has fallen. do you expect to turn that around this year? is 2019 the year that profitability will rise again? herbert: we actually had our forecast, and we are quite happy meeting expectations from the markets. changeover, the currencies. i was not an easy year, and am happy with the performance we had. we had the same outlook for this year to keep profitability at this level. markets -- we are optimistic there will be a settlement between china and the united states, and if brexit would be clearer, i think this could be another good year. also, we are investing a lot in new technology, so keeping profitability. matt: how important is it to you to get a good brexit deal, and how optimistic are you that can happen? herbert: brexit is important for us. the u.k. is an important market. a companyntley there, really depending on exports. many of our luxe year brands and sp

. >> you heard it here first, matt miller. thanks to matt miller and joyce. that does it for our week, thank you so much for watching, i am nicole wallace, i will see you back here on monday at 4:00 p.m. >>> top secret clearance, let's play "hardball." >> good evening, i am steve cornacki in for chris matthews. chris will be back for his vacation on monday night. tonight though we continue to follow the explosive news that president trump lied about how jared kushner received his security clearance. four people briefed on the manner told new york times that president trump ordered his chief of staff to grant his son-in-law top secret security clearance. the decision was so alarming that john kelly, he wrote a con testimo contemporaneous memo. al also, don mcgahn, wrote an outline the cia had of his recommendation that it would be reje rejected. kushner was granted permanent clearance by career officials after the completion of the fbi background check with no involvement by the president. the decision ended months of drama over the matter. john kelly had limi

joining me now matt miller, clint watts a former fbi special agent and national security analyst and author of "messing with the enmy, surviving in a world of fake news." and back with me cynthia oxney. cynthia,ly start with the same question i asked you a few minutes ago. for a nonlawyer, i'm hearing a lot of trump defenders saying there could not have been obstruction of justice because the urn lying crime had not been proved. that strikes me as not true. you can have obstruction of justice regardless of the under lying crime. >> that's right you can. and you can say that because the attorney general of the united states wrote that in the four-page memo, essentially. it happens to be wrong. witness martha stewart. the attorney general always had a strange view about obstruction of justice and dwlast he is the last person that should have weighed in at the end. robert mueller designed this report so that congress would see both sides of the obstruction question and he basically punt it'd to them to make the decision because he was incapable of nations the decision because of the dep

i'm anna edwards alongside matt miller. matt: markets say there is still room to run. optimism for u.s.-china trade deal drives asian stocks higher. u.s. and european futures point against. the cash trade kicks off in 30 minutes time. anna: reconciliation in sight. the u.s. is said to be in the final stages of a trade deal with china. an agreement could see most or all duties lifted. the shanghai composite cracks 3000. the chinese index closing at an eight month high. how much higher could equities rise on a trade truce? donald trump renews his attacks on fed chair jay powell. exclusiveom our interview with the standard lights aberdeen boss. >> we have to ask ourselves why he is commenting on the dollar. he clearly wants it weaker. are 30 minutes away from the start of trading. let's take a look at what is going on in terms of treasuries. this will give you a clue as to whether or not we are looking at a risk on market today. you can see that on thursday we were down 2.66%. now we are up to 2.76%. investors are willing to let go of the perceived safety of u.s. governme

i'm anna edwards, alongside matt miller in berlin. matt: today the market say that's what we wanted to hear. china leads gains after surprises to the upside. trade deal iss a not far away, sending futures in the u.s. and europe higher as well. the cash trade is less than 30 minutes away. anna: bringing back the rally, stocks gain as china shares signs of reversing the low, as u.s. officials are reported a preparing a final trade deal. jay powell reiterates the feds' , andnt approach on rates bill gross speaks to bloomberg exclusively about the challenges powell faces. >> it is a challenge between interest rates and the deflationary forces that continue to exist. the question becomes, can central banks inflate? musk's double-edged sword. tesla delivers on its promise of a new model three, but shares dip as the ceo says the company will not post a profit this quarter. matt: take a look at where we stand right now as far as futures are concerned. we are looking at gains on the back of the kai-shek pmi data out of china and optimism maybe

i'm anna edwards alongside matt miller in berlin. matt: today, the markets say it looks dodgy up down under. the dot -- aussie dollar 62 a two-month low. the u.s. rises for a sixth straight day. european futures pointed lower at the cash trade open, 30 minutes away. anna: driving forward, eu officials headed to washington to keep car care of saturday. is a sweeping trade deal possible by year-end? sterling sinks after a report brexit talks in brussels ended without a deal. will may be forced to extend the deadline? talks continue. scandal dirty money widens. dutch media reports ing's moscow branch was involved in the so-called troika laundering. matt: let's look first off at the pound. because if the pound we are concerned about theresa may's deal passing next week, it will weigh on the pound. above 1.33 a couple of sessions ago. keep your eye on futures right now. we are looking at negative futures pretty much across europe. red arrows, although slides, on the dax, cac, and ftse. -- alle, often about .2% off about .2%. what do you se

>> matt miller, you compared this to the way donald trump also treats the criminal justice system. what parallels do you see? >> so in each case, in both the -- the security clearance system that criminal justice system like a lot of ways in which the government works, they're governed by long-standing rules, long-standing procedures, decisions made on the merits, oftentimes by officials who are supposed to be nonbiased. that's a system in which each case, donald trump has been hostile to and rejected. so i think when we see him act in the security clearance arena, you see him in this instance -- we find out, you know, he's not content to leave decisions to career officials. not -- not content to take the recommendations. he wants to intervene to help the -- help the people who are close to him. rewarding jared kushner with a clearance he wasn't qualified for. and on the other end of the spectrum, to use it to retaliate against his political opponents. we saw him last year yank the security clearance of john brennan, who is a critic, the same pattern we have seen him approach the c

let's get to matt miller in france. what are the chances of an agreement?ething that has long been speculated, and talks have informally gone on for months. they last talked about the possibility of a tie up in 2016. there are a lot of hurdles. the ecb is not for this kind of deal. neither is the local german regulator. a lot of analysts are skeptical about the possibility of success , putting two weak banks together does not necessarily make a strong one. then there is the concern politically about firing up to 30,000 employees. remember when too big to fail was considered a bad thing? but her weot of time would get an official merger announcement. get anre we would official merger announcement. take years tod get efficiencies in. deutsche bank might need to raise capital. a great couple of points, especially on integration. deutsche bank is still integrating the postbank, a six mergern billion euro made 10 years ago. they are not finished. is the capital raise. analysts are telling us it could take 8 billion euros of capital for deutsche bank to make this

the washington post" and moderator of "washington week," and msnbc justice and security analyst matt miller. bob costa, i am just struck watching that unfold in public at the house intelligence committee. this committee used to be the definition of bipartisanship in past congresses, going back just a few years. and now this nonstop drama, first with devin nunes under republican control, and now with adam schiff, what's your take on all of it? >> chairman schiff has become a political target for republicans. but he also has real support among democrats including the most important democrat in the country, speaker pelosi. so expect him to continue to lay out a case about russian interactions with the trump campaign in 2016 to try to underscore that in the democrats' belief there are still issues out there, even if robert mueller, based on the attorney general's summary, did not find any conspiracy. >> kristen welker, walk us through what we've seen from the president on this question over the past couple of hours and days. and i'm just struck by, you know, what happened with devin nunes in th

matt miller good to have you. stay with us.ning joe the administration just briefed senators on the murder of jamal khashoggi and it's safe to say chris murphy of not impressed with what he heard. what's next in the push to hold saudi arabia responsible for killing a "washington post" columnist? it's kind of hard when jared kushner is meeting with mbs and ignoring it. it's almost impossible. we'll ask, though, the connecticut democrat joins us straight ahead on "morning joe". . we humans are strange creatures. other species avoid pain and struggle. we actually... seek it out. other species do difficult things because they have to. we do difficult things. because we like to. we think it's... fun. introducing the all-new 2019 ford ranger built for the strangest of all creatures. you should meet our newest team schwab, bmember, tecky.do that, i'm tecky. i can do it all. go ahead, ask it a question. tecky, can you offer low costs and award-winning full service with a satisfaction guarantee, like schwab? sorry. tecky can't do that.

matt miller for us in frankfurt.xecutives are hardly putting their troubles behind them with a government-backed merger, with a european, the has pushed back -- with a european economy that has pushed back here let's put this all in contact with adam posen, peterson institute president, and luigi zingales, chicago booth school finance professor. right now, as you look at the possibility of this merger what does it mean for the strength of the e.u. economy? does germany need strong national champions? adam: it does not. the ecb and local supervisor are coming out against this, even though they do not seem to be able to stop it. you need real consolidation in the banking sector and you need cross-border. you have the graphic up of how poorly these two big german megabanks are doing versus the european average. the european average is less profitable than the global average. francine: do you agree with that? i keep hearing that if this merger goes through, it would be the catalyst for cross-border mergers, like an itali

it's hard to square above trend 5 10 year.h a 2.3 510 ye david: matt miller talked with hermann deesee geneva auto show. >> we have been talking to the trump administration and european administration in berlin. it's really a threat for us. america is a very important market for our premium brands, for porsche and audi. we are trying to avoid this conflict. it's possible to avoid it. between tariff negotiations, it's not only covering the automotive market -- we can only contribute and show goodwill. matt: donald trump seems focused on americaniff cars. >> i don't think we need to focus on a 10% tariff on importing american cars. scheme is not in our hands. we would be totally open to that kind of discussion. matt: just 24 days until the official brexit is scheduled. can you quantify the cost of a hard brexit? >> it is very hard to quantify. we don't know exactly what's going to happen. this might be a transition period. , they aret exposure exporting 85% of production into europe and asia and the americas. for them, this would be a major reshuffle of their operations. that was the bi

i am in a matt miller in berlin. >> time to turn the tide. ain after the worst week in global equities for the year. derailing the rebound. the cash trade is less than 30 minutes away. matt: grounding the fleet. china holds all of its boeing 737 max-b jets. the stock trades down 8% in germany. lisa may look set for a second defeat in parliament this week. sterling drops. and central bankers -- stocks rise as jay powell says there is no rush to hike rates and pb -- and the pboc governor says china will not weaponize the yuan. matt: good morning. check out my terminal. i have the csi 300 so we can see what happened in the broader chinese index overnight. it has risen by 2% into the close. if you had questions about the progress that has been made so far on the china-u.s. trade deal, equity traders believe that it is not completely scuttled now by the negative comments out of beijing. take a look if futures this morning. we also have a positive trade in european equity index futures with the dax up one third of a percent. gaining 0.6%. same in ge

with us msnbc justice and security analyst and former chief spokesman for the justice department, matt milleratt, to you first. his history would tell us that the president goes off on these massive tweet storms because we follow them. we follow every single tweet. we walk in to how there are lies, this and that, and he does it before a piece of massive, damaging news drops. is that the case here? >> maybe. every time i try to crawl into his brain to figure out what's going on i regret it later. he's hoping that there are favorable pieces of it to him. the white house has to review it for executive privilege claims and it's possible he knows of indictments coming but it's also possible he's unhinged because he watched a fox news story that got him upset. you're right, sometimes it's the president having a cranky day. >> so the president having a cranky day, rudy giuliani saying he hasn't been doing tv because everything has been said and they're going through a period of what was it? watchful waiting. come on now. there's no such thing as watchal waiting in this white house. >> there's no suc

matt miller spoke to executives from several auto companies about the threat of u.s.increases. trumping --een talking to the trump administration and the european administration, to berlin. it is really a threat and would cost us workplaces. america is a very important market for our premium brands. we are trying to really avoid this clash. i think it is possible to avoid it. we do everything right. we have to understand that between tariff negotiations not only covering the automotive market, but an area, so we can only facilitate an contribution a small amount. >> there are many different tariffs, but they are focusing on the 10% tariff on e.u. cars. you be happy to get rid of that? >> i do not think we have to protect our european companies and the 10% tax on american cars. it is not necessary. we are competitive. you have to understand, in the whole scheme between different products and this is not in our patch. we would be open to that kind of discussion. in ours obvious, that interests, we talked to the stakeholders and explains the benefit from our point of vie

matt miller discusses these issues with the ceo of vw at the motor show. >> we have been talking to thedministration, also to the european administration, to berlin, because it is really a threat for us. americancost us -- the market is very important for a premium brands lieke audi, mainly, so we will be trying to avoid this conflict. i think it is possible to avoid it. you have to understand that between the tariff negotiations, which is not only covering the automotive market, but an area here, so we can only facilitate and show goodwill. matt: there are different tariffs, but donald trump seems focused on the 10% tariff that the eu has leveraged an american cars, would you be happy to get rid of that? herbert: i do not think we need to protect the companies with that 10% import tax, i think it is not necessary. we are competitive. but you have to understand that in the tariff scheme between different products, and this is not in our hands, but we would be open to that discussion. matt: there are only 24 days until the official brexit is scheduled, can you quantify the cost of a hard

i'm anna edwards alongside matt miller. matt: markets say there is still room to run.s.-china trade deal drives asian stocks higher. u.s. and european futures point against. the cash trade kicks off in 30 minutes time. anna: reconciliation in sight.

. >> my thanks to matt miller, that does it for our hour, thank you for watching. "mtp daily" starts now. >> here is a real test. >> i never do well on -- mayor buttid buttiedge. we all learned how to do it. i would argue that march of 2019, that's pretty impressive. i didn't know if we would be able to do that that fast. >> aif it's wednesday, are we breaking bad? >>> good evening, i'm chuck dodd in wug. at a moment when the mueller report is on a lot of people's minds encolluding president trump's we we begin with what we're learning about this president's breaking point. based on what we have seen this afternoon, earlier today, yesterday, and the day before that, and based on the gop's silence, it is possible there is no breaking point. why do i say that? look at the president's behavior. he attacked the special county, his own justice department, you will have to see what he just said again. he demeaned a private citizen, and that was just this afternoon. let's go look at his behavior in the last five days, cheering for attacks on journalists, attacking social

matt miller spoke with executives from several european auto companies about this u.s. starting with the volkswagen ceo. ♪ we have been talking to the trump administration and the european administration, because it's really -- it will really cost us, it's a very important market for our premium brands, for porsche and audi. we are really trying to write this conflict. i think it is possible to avoid it. in have to understand that between tariff negotiations, not only covering the automotive -- we cant every area contribute. >> there are many different tariffs, but donald trump seems focused on the 10% tariff with the eu. would you be happy to get rid of that? >> i don't think we have to companiesr european from the 10% import tax on american cars. i think it's just not necessary. we are competitive. you have to understand that in the whole scheme between different products -- this is not in our hands . ♪ >> it's obvious that in our interest, and we have talked to all the stakeholders involved, and explained the benefits from our point of view, i think they are listenin

live alongside matt miller in berlin. matt: today, they say things will get better.ade mixes as china slows -- shows signs of slowing down. the cash rate is less than 30 minutes away. ♪ anna: expect delays, u.k. lawmakers vote on a brexit extension after ruling out no deal. sterling sits after hitting its highest level since june 2018. the u.s. bans flights of the boeing 737 after regulators find linking crashes ethiopia and indonesia. of recovery, china's industrial output has the worst start to a year in a decade. but real estate investment jumps. will policymakers a stick to their plan to stimulus measures? matt: less than an hour away from the start of cash trading. take a look at the pound, what an amazing jump. we were down at 1.3 on monday afternoon and came up to almost 34e .34 -- 1. . really surging as parliament took a no deal off the table. it could still happen by accident. trading atcuda 1.3286 -- right now, trading at 1.3286. mixed trade in asia turned lower into the close. most european index futures are also pointing down this morning drops, but simil