back to the markets and mike murphy joining us this morning. great to see you, mike.isten, the volatility regarding these tariffs and the back and forth continues on the market i am sure. i'd argue that corporate profits are good and us consumer is strong and any selloffs that we see are buying opportunities and would you agree? >> i really have nothing to add there, ashley. you sum it had up perfectly. good morning, great to see you. so here's where we are, a month -- basically a month into president trump's first year in office, we already have a 2.5% gain in the markets so now we have the tariffs coming out that are causing some big swings both up and down based on headlines and people need to take a step back and let those swings come, and look at bigger picture like you said, we have a strong economy, what president trump is putting into effect is going to make the united states stronger and make our economy stronger, people will have more money, housing will be more affordable and all of that equals higher stock prices and doesn't mean every day we're going to g

. >>> mike murphy is a legendary republican campaign consultant. james carville, equally legendary, advises democrats. both supported kamala harris in 2024 and both called it wrong. >> i think she is going to win. i predict with low to medium conference. >> we are going to win, we are going to win this thing. >> we brought them together on stage at the university of southern california to look back at the last election and ahead to the next one. >> maga-ism will not die with trump. you have one hope, the democratic party. >> i think it will mutate. >> as the two parties adjust to a new political reality, what to james carville and mike murphy say now? >> firing line with margaret hoover is made possible in part by robert granieri, vanessa and henry cornell, the fair- weather foundation, peter and mary calico, cliff and laurel asness, and by the following. corporate funding is provided by stephens inc.. >> james carville and mike murphy, welcome back to firing line. >> good to be here. >> we are less than two weeks into trump's second nonconsecutive

and i've loved the fact that today, whether it was mike murphy or ed goeas or mike tomlin talking about latino voters here on this stage, that i found myself in agreement with all of the things not all the things, just the things that my republican friends and colleagues have said. ed said something that struck me, and maybe because i'm a democrat, i've got a different perspective. he talked about the unintended consequences of campaign finance reform in the nineties and that leading to many of the problems we have today. i guess my perspective on that issue and i feel very strongly about it and i'm proud to have worked for bernie in 2016 because we tried to make that a centerpiece of the campaign. i don't think it was the unintended consequence of what the legislature in the united states congress did with campaign finance reform in the nineties that is destroying our politics today. it is the intended consequences of what the united states supreme court did, not only in the citizen united decision, but in a number of other decision to create a corrupt system of campaign finance, which

use in america, and i am glad the spaces provided, and i love the fact that today whether it was mike murphy, talking about latino voters here, that i found myself in agreement with all of the things -- not all of the things, most of the things my republican colleagues and friends have said. ben said something that shocked me. he talked about the unintended consequences of campaign finance reform in the 1990's and that leading to many of the problems we had today. i feel very strongly about it. i probably voted for bernie because we tried to make that a centerpiece of the campaign. i do not think it was the unintended consequence of what the legislature in the united states congress did with campaign-finance reform in the 1990's. it is the intended consequences of what the united states supreme court did not only in the citizens united decision, but other decisions to create a corrupt system of campaign-finance, which is illegal. i understand. i have worked in 29 campaigns outside of the united states, and let me tell you something. if they did what we do here they would go to jail. if they