pence,oined by mike wilbur ross, james nielsen. this is 20 minutes. pres. trump: thank you very much, everybody. we have good news to report. various trade deals are being made with different countries. very long,tiating very hard, but very quickly. with south korea, according to bob lighthizer and secretary ross, is close to finished and we're going to have a wonderful deal with a wonderful allied. -- a wonderful allied. we are getting close to it. it was causing problems in terms of him clement and other things. i would ask secretary ross to do a few things -- say a few words about that kid and then we are going to get to this ridiculous situation at took place over the last week. secretary ross? sec. ross: thank you mr. president. we believe we are relatively close to a pretty comprehensive resolution with the south korean government. it would encompass, if it goes s andgh, both the 232' broader trade issues. we hope by sometime next week to have a real announcement. thank you, wilbur, i appreciate it. last time we negotiated something like this, and as

president trump was joined by mike pence, wilbur ross, james mattis, and cheers to nielsen. this is 20 minutes. president trump: thank you very much, everybody. we have a lot of good news to report. tremendous trade deals are being made. we are negotiating very hard, very long, but very quickly. the deal with south korea is very close to being finished. we will have a deal with a wonderful ally. it was causing problems with our country in terms of employment and lots of other things. i might ask secretary ross to just say a few words about that, and then we are going to get on to

pence,oined by mike wilbur ross, james nielsen. this is 20 minutes. pres.rump: thank you very much, everybody. we have good news to report. various trade deals are being made with different countries.

mike, just briefly, there is some disagreement within the white house on these tariffs. wilbur ross is probably way more proterra than people in, maybe, the state department. mike: the state department has been actively working against it. as have people in the defense department. they call it a national security issue, but the white house doesn't see it, yet. vonnie: let's get to the testimony of jerome powell. fedme powell: requiring the to taper to the risk profile. i would like to ask you questions about this bill, if it becomes law. i do like to have you fully answer the questions. is it accurate that the federal reserve would still be required to conduct supervisory stress tests for any bank with assets between $100 billion and $250 billion to ensure that it has enough capital to whether economic downturns? >> yes, it is. sen. crapo: with the reserve still have official authority to bank if the fed determined it was appropriate? >> yes, that is true. isit accurate -- sen. crapo: it accurate that it does not have oversight over the largest systemic banks? >> yes. sen. crapo: im

you have two folks who really tea party candidate when he was in kansas mike pompeo, of course, peter navarro, we know wilbur rossut bringing back manufacturing and stopping china from ripping us off and now it seems like president trump is squarely on board with that as well. >> yeah, i think there is something, charles that we need to talk about which is the demistification of free trade. free trade is fantastic concept and i agree with it we don't have it with japan or china or europe. free trade is by definition the free flow of goods without any restrictions. there are restrictions right now. so i think it's important to keep in mind. >> charles: we place restrictions too though, don't we? >> charles: yeah, every country in the world has tariffs. no doubt about that. most favored nation is 7% around the world. but, chuck, you know, this may be one thing wall street doesn't like but i think it's something that voters like. in fact, your candidate lamb is running on this sort of same economic nationalism. >> you are never going to lose in campaign fuss are talking about bringing jobs back to america or putting

we were just speaking with mike mckee in mexico city on how this might affect the nafta negotiations. wilbur rosscommerce secretary had talked about how this would affect the deal. >> the president has made quite clear that if it comes to a done deal or no deal, he is very likely to opt for no deal. he does not need to take a terrible deal. that terrible deal is how we got here. betty: you can imagine many of areold this miss friends probably dialing his private number over and over again to talk some reason into wilbur ross. in any case, there are many ceos in the private industry that want trump to stay in nafta and don't want these tariffs. it seems like ross is rising in influence in the white house. reporter: that is extremely troubling to us. when trump first came in, there was a lot of talk about trade wars. it seemed like steve mnuchin and really worked hard to press down on that. what we hear is that gary cohn was probably the most key in holding a lot of that back in talking to the president about our relationship with china and telling him how important these trade deals were for ameri

mike. all right. when we come back, commerce secretary wilbur ross will be with us on the heels, of course of thaanuncentte yesterday lots to discuss with the secretary. see that's funny, i thought you traded options. i'm not really a wall street guy. what's the hesitation? eh, it just feels too complicated, you know? well sure, at first, but jj can help you with that. jj, will you break it down for this gentleman? hey, ian. you know, at td ameritrade, we can walk you through your options trades step by step until you're comfortable. i could be up for that. that's taking options trading from wall st. to main st. hey guys, wanna play some pool? eh, i'm not really a pool guy. what's the hesitation? it's just complicated. step-by-step options trading support from td ameritrade we have one to two fires a day and when you respond together and you put your lives on the line, you do have to surround yourself with experts. and for us the expert in gas and electric is pg&e. we run about 2,500/2,800 fire calls a year and on almost every one of those calls pg&e is responding to that call as well. and so when we show

mike mayo, wells fargo cap of market research. let's check in on bloomberg first word news with courtney donohoe. courtney: commerce secretary wilbur ross will speak to european union officials about tariffs on u.s. goods. on twitter, the president said the tariffs aren't fair to american farmers and manufacturers. early, that eu dismissed the president's threats to impose tariffs on european cars. special counsel robert mueller is at a crossroads. mcauliffe -- according to current and former u.s. officials, his investigation into whether or not president trump instructed justice is almost finished, but he may set it aside as he focuses on other parts of the robe. mueller --ncern of if mueller tries to bring charges, the president might shut the investigation down. at least 50 people were killed when a plane crashed while landing at the kathmandu airport. two dozen others were injured. the twin-engine plane was flying from english. and a pilot whose helicopter crashed in new york east river reported an engine failure just moments before going down. all five passengers died in the crash. the pilot managed to escape and was rescued by tug