mr. frazier? >> jim that's why we lean on you. >> i'm talking about merck that's what i'm allowed to talk about. am i against violence? yes? am i in favor of free speech for the president and mr. frazier, yes? am i in favor of whether he's the guy that ripd off people, no, because the facts don't mandate that there's people that ripd off the people mr. frazier has so kept down his sales by not promising because he doesn't want to give people false hope he could blowout the sales he could blow them out he has every right to try because other people have blown out cancer drugs and made to feel like my mom is going to go on that drug and she's going to live and then she dies. >> jim, people are going to be talking about this all morning long after the break we'll get to the markets and why the futures are soup dramatically today. a lot of corporate news as well including a mixed bag of news regarding netflix. we'll talk about that. price target upgrades over at tesla on the street today. more squawk

mr. frazier to me.hen i've interacted with him, this man is of great moral import he's not just another ceo. >> and he cares a lot about the history of merck which of course is a very respected pharmaceutical company he was the last executive hired by the former chairman or former ceo who's incredibly well respected. >> is he called saint merck? remember >> yes. >> does it matter to you, jim, whether other ceos as either part of the manufacturing council or other advisory groups of the president, whether they take a similar stand that ken frazier did? does that matter to you? >> no. >> the issue was raised that some in silicon valley need to stand up. >> i'm a better to be in the room than not guy. be in the room and advising, i believe in that. but it's the republican congress and it's the republicans who control this and they're not speaking out, for the most part. i think they can't get past health care. >> well, there's a lot of the agenda that the president and the republicans would still like to g

shkreli hopped on this subject he said that mr. -- frazier politicized the issue mr.ver child drug companies raising prices above and beyond made drug companies wildly even more widely unpopular, now we've got ceo of merck withdrawing from manufactureers advisory council taking away seat at table on issue of drug prices a highly politicized issue, i think it is working against the drug companies at this point. president trump jumped all over mr. frazier's withdrawal from the adviser council he is threatening on issue of drug prices, so your interview with mr. shkreli and mr. frazier's withdrawal from manufacturing council all come together to highlight the issue of drug prices what this president is going to do about it. >> there we are. >> an issue not going away. >> i don't think that ceos should be injecting their personal politics when they represent the company on advisory council. >> not doing anything for shareholders, by the way, what are you doing for shareholders when you take your set a away from the table you lost voice in policy. >> i could see you are no

mr. frazier. >> you should be there getting deals for your company. interesting who is staying, johnson & johnson, ceo is staying for now. richard, he's staying on the council, so the black stone group. stuart: mr. frasier is out for political reasons. i wonder what the judge thinks of this? [laughter] >> let's see, we are in the constitution is this? stuart: not a legal question, it's not a constitutional question, i'm not sure what kind of question it is. >> i guess it's a moral question. can you participate in some entity, did you overlook personal disagreement for the good of shareholders. stuart: wait a second. surely the ceo of a public-traded company first responsibility is interest of shareholders, the owner of that private enterprise. >> they have employed him. stuart: frasier has pull personal politics ahead of shareholders. >> he must be making the judgment that's what the share how olders want. if he's not making the judgment, then he's not doing his job unless he's being asked to do something that's so personally repellent that his consci

mr. frazier on twitter, a shorter time than he took to denounce white supremacists. anthony?> mason: major garrett at the white house. major, thanks. the charlottesville police chief said today he regrets the death of heather heyer and virginia state troopers jay cullen and berke bates who were killed. but he defended the actions of his officers before and during the violence. here's david begnaud in charlottesville. >> reporter: screams and panic as-year-old nazi sympathizer james alex fields, jr., drove his car into a crowd of counter-protesters. heather heyer was killed. others weres toed into the air. marcus martin is the unanimous in the red shoes. that is one of his shoes flying out from underneath the vehicle as the driver reversed, trying to flee the scene. >> my life could have been over, ended. >> reporter: martin says he lays blame at the foot of the officials who permitted the rally. >> because without your approval, this would have never happened. >> reporter: over the weekend unite the right brought together hate groups from around the country, including neo-naz

mr. frazier posted the video, he's been looking for the man who put the flag up. >> just thanks.t's not a big deal. but it's a patriotic thing and a kind gesture. >> reporter: dave says a woman, saying that's her brother, has reached out to him. it may bow a neighbor. he's hoping he can soon shake his hand and thank him for what he did. abc 7 news. >> really nice, isn't it? meteorologist sandy putell is standing by with the forecast. >>> it's >>> though many are traveling hundreds of miles to watch monday's total eclipse, a partial eclipse will be visible right here in the bay area. >> already people are staking out their spots to watch it. they found one that newest edition to the oakland zoo. >> reporter: from sleeping tigers to chimpanzees making faces, there's plenty to see. and there's about to be more. >> the california trail, which is a whole section of the zoo which is going to feature california wildlife. >> reporter: wuvolves, bison an grizzly bears haven't arrived yet. >> you can have a fantastic view of the entire san francisco bay. >> reporter: on a clear day you can

mr. frazier chose here hand mr. rensi's criticism?ou can imagine. you know, i don't -- i certainly respect what mr. frazier did, but the times that we're in are very, very difficult and we really need everybody pulling. certainly understand his comments and i appreciate his statement right up until the end when he resigned we really need everybody to engage and if the business leaders, the great business leaders withdraw or disengage because they don't like what the president is doing, and i agree, he should have responded much more quickly and much more forcefully, we won't achieve the things that we need to achieve i tend to side with what m mr. rensi just said and said stay on the council and battle him every single day that's how we get the progress that we need. >> you're actually saying that the executives -- because there's going to be more pressure put to bear on them our colleague andrew sorkin writing the only reason they are staying on the council is they don't want their business relationship with the government to be -- t

mr. frazier is politicizing the moment. manufacturing, advise him about manufactures. he is not here to talk about political or race relations or what happened in charlottesville. he is here to be president's economic advisor. instead he is taking spotlight, look at me, how righteous i am. maria: that was part of my interview with ex-pharma ceo, martin shkreli. catch me on "mornings with maria" hosting 6:00 to 9:00 a.m. eastern. we will talk infrastructure and tax reform. have a great day. everybody. trish regan to take you through the next hour. trish. trish: thank you, maria. leader of north korea backs off his threat to launch missiles at guam. see how the markets are faring down 13. i got to tell you a lot of investors pretty relieved we're out of the woods for now. trish regan here and well to the teleagainst report. defense secretary mattis tells north korea if you fire at us, it is game on, it is war. hours later north korean state tv announced that kim jong-un will not strike guam at least for now. why did north kor

mr. frazier from merck was offended it wasn't immediately labeled as white supremacist, as opposed to extremismf all race and color. >> not mentioning the president by name. >> and kevin plank took some heat for being on the council. his constituency is made up of not just people who are shareholders and work there but people who he hopes to be able to get to endorse. so they all come from different constituencyies. like larry somers says, everybody should resign. it depends on your constituency. it is of no interest to the public what i think you should do i can tell you what i think the constituencies are does brian kzanich has a lot on the line to do this? he has a conscience. i know all three guys well enough to know in the case of krzanich he essay man who doesn't like what's happening in washington. >> summers' point, you saw that card a moment ago, it's very striking he says i don't know how these ceos can face their children broader point -- he has been critical before -- it's not hurting your stock necessarily to be missed out if you really believe the president is not going to take yo

mr. frazier came out and did it, didn't damage his stock too much >> i would keep a running tally. merck, underarmer, int eunder a before that, elon musk disney's bob iger. travis kalanick of uber. they have all independently decided whether it's for the benefit of customers, employees, public pressure -- >> kevin plank has been in and out of this debate before and had heat for not having done so. >> before he said president trump is an asset, that sort of made athletes angry. >> these departures after president trump did come out and increase the strength of rhetoric against it. slightly surprising they waited until that >> maybe it was the heat under armour stands for -- it doesn't want to get involved in politics maybe they were sick of the questions. >>> the president did take aim at merck again following frazier's departure. he tweeted merck pharma is a lead ner hier in higher and higg prices, taking jobs out of the u.s. and bringing jobs back and lower prices merck had no comment we have more on this from eamon javers coming up later >>> in terms of the political uproar, perh

mr. frazier, and african-american in the wake of charlottesville. african-american ceo takes what he describes as a position of principle. i can't be around this guy if he's not going to be more forceful. the president attacked him. there's congressman charlie dent saying that, in his view, an especially bad call. >> i was a bit miffed yesterday when he attacked ken frazier. i know ken. he's from philadelphia. his father a janitor. a cheap shot. other ceos stepped user the council, too. he didn't attack them. they weren't african-american either. he didn't handle that well at all. >> now charlie dent a critic of the president from the beginning. a more moderate republican. but ceo is leading the council. more and more openly coming occupant with no hesitation not sugar coating words in any way. is this a breaking point for the president? >> i think it is indicative of a lot of problems on the horizon when after labor day everybody comes back and they'll try to pull together as a party to try to get something salvaged, something, out of this first ye

mr. frazier?> the first thing that comes to mind is that it's petty, beneath the dignity of the oval office and the president of america. second, it shows a pattern of him willing to engage in criticism, name call, and criticize people that he doesn't agree with which is why his silence in saying white supremacists, kkk and neo-nazis was so apparent because whether it's him talking about the cons, or ken frazier, or body slamming the cnn logo, he will go after with fury and vengeance like the world has never seen before people that he disagrees with, but he did not name those specific deplorable groups that cause hate and fear in this country. >> he did today, but he additionally didn't. there was thunderous silence as critics have pointed out. congressman, do you worry that the racist violence we saw over the weekend in charlottesville will spread to other parts of the country? >> absolutely. that is something that keeps me up at night. i would just say that i hope it is something that the presid

mr. frazier or any aide who betrays him in his eyes, at the attorney general. the only qualification for being in his good graces is loyalty. the only disqualification, the only unpardonable sin is disloyalty to him. so i think this is classic donald trump. it's a mix of this very deliberate, manipulative, cultivating of white resentment and donald trump's famous narcissism. >> and you know, michael steele, john harwood had a great piece out today where he talked about the private disgust of republican lawmakers and calling it really remarkable, the personal disgust. and yet publicly you've had a lot of, you know, strong denunciations of the neo-nazis but still this reluctance to make that disgust with donald trump public. i mean, do they get any credit for being privately disgusted? >> hell no. come on. no. not at all. because this is the moment. this is the seminal moment for the republican party. you're going to be defined by the stench that comes from this. the country's watching. the country wants a response. and you cannot have this both ways. you cannot

mr. frazier actually praised president trump.een enormous, but i should tell you, this is not the first time that president donald trump is losing friends within the business community. in june elan musk of tesla and the ceo of disney left advisory roles with the president. that's after president donald trump pulled out of the paris accord. back over to you. >> the ceos making a stand. thanks so much. >>> let's switch gears and get a check on weather with nbc meteorologist bill karins. >> all about the tropics, and things are going to start getting active. about 450 miles away from bermuda. it's about the equal same distance away from wilmington. this will move up to the north and northeast sending large rip currents. that's the only issue. some of the surfers are waiting for a storm like this to produce nice waves. then we look back towards africa. this is where we start to expand our season further out to the atlantic. we already have another area to watch. this is not a named system yet. we've just called this a tropical distu

mr. frazier was personal. this event wasn't personal. it wasn't an attack on him. he was agnostic about it in the internationals upon. it was kind of forced, i have to respond, okay. when you saw when frazier stepped down from the council because of this incident, his response was immediate, within two hours, well, maybe you can do something about your jacked up prices. that was personal. >> you know, michael steele, a great point. steve, let me bring you in on this. i understand back to the campaign that getting donald trump to read anything they had to put -- they were only the stories about him that he would read. we're just talking about political news clips. i understand in his briefings at the white house from his policy teams, extending sadly into the national security folks they have to intersperse his name and where it applies to him. there's this affliction that if it isn't about -- he doesn't see himself as a leader of a country. he's a guy monitoring his twitter feed. >> a guy monitoring his twitter feed or leading a faction, his narcissism is well know

mr. frazier, the ceo of merck and others like him gallvanized the national conversation and helped cauterize the wound inflicted by charlottesville, at least for the moment." the ceos do not like to do this. >> that's right, it may be premature to conclude as the "new york times" editorial page has concluded that there's a moral awakening going on, but i think of it more as sort of a vacuum left by the white house, moral leadership clear guidance, speaking in a timely and forceful way about common shared values that are really important to this country. the president has chosen not to do it. it's not as if he just forgot, not as if people didn't encourage him to say the right thing at the right time. i made a decision to sort of leave that alone as if it was none of his business or if it didn't matter. there are others fortunately who have stepped forward, these are men who lead major organizations who have thought deeply about what leadership means, who have sort of a global vision and global responsibilities and global constituencies. so they're just filling a vacuum that this president sh

mr. frazier was within how long >> sekz seconds.ediately minutes. >> there was no immediacy, saturday, i'm losing my days that's why, yes, does it give america coverage this is 2 1/2 days ex-post facto. i don't think it give the guys and gals the air cover >> a series of events and series of insensitiveties that plenty of ceos have had plenty of opportunities to walk with their feet for months from this administration and some have chosen to be more political. >>> still ahead, wall martz, home depot, target, out with earnings this week which ones could be the big winners and losers. >>> the bitcoin surge continues, now up nearly 350% in 2017, alone, but dennis gartman warns are bitcoin boom could end in tes.why the crypto currency coue on the verge of a crash. much for "fast money" right after this >>> ironic, a crypto currency than actually make noise welcome back to "fast money. bitcoin boom, soars, gaini inin3 billion in market cap in the past month karen, you've been in it, what got you in it and what to you see as the prospects

ceo of the pharmaceutical giant merck, in a statement mr frazier said he felt a responsibility to takehe afl—cio all all left the council. they are not taking their jobs seriously as it pertains to this country. after commenting on the corporate resignations at a press conference tuesday, the president then blamed both sides for the deadly violence in charlottesville. you had a group on one side that was bad and you had a group on the other side that was also very violent. and nobody wants to say that but i'll say it right now. after those comments, the exodus from the president's business councils was fast and furious. it is rare for corporate america to publicly distance themselves from a president of the united states. but this is a different kind of administration and many believe mr trump crossed the line. these defections really show that corporate america is no longer waiting for mr trump to deliver on any of his pro—business policies. the big question now is whether he can rebuild bridges with the business community. this is what the markets have been keeping an eye on. some su

mr. frazier, going back and forth with him on that always congratulating him for not making broad claimss dying of cancer the last thing you want to hear is hey, get into this study. he doesn't play it like that and i admire that. >> a lot has been made of the north korea situation seemed to moderate a little bit recently but now we have to worry about the consumer do you think we're going to see a weaker consume frer some of the numbers that we get this week >> we have strong employment very good confidence there's a separation here. i know that people think this is appeasement or whatever. general mechan general mcmaster is a great man. anyone that read his book knows this is a thoughtful man if you go back and you read the battle you know these are guys not about to put people in harms way just for the sake of doing it because of a poll situation and not this politician. so i don't know. i'm not saying, they're nuts but i feel like the chinese showed you they're on north korea's side as they were in the korean war. i don't know why we're so shocked but there's a sense of let's go back

mr. frazier did that for merck, especially the ones on the manufacturing council, whether they were going to do the same it's forced them to ask this question. >> that's right. >> thanks, eamon >> thank you. >>> the city of charlottesville is still reeling from the past activities over the weekend. joining us now on the lawn where some of the protesters marched, larry, you and i were in starl starl together in the 1970s when there was concern over the display of the confederate flag and other things and my question for you, with new students coming in on friday and saturday and the new term starting next week, i don't know whether you're teaching, whether you were or you weren't, how would you change your first lecture in light of what has just transpired >> i won't change it at all. i may work in something before or after but i have to stick to the curricular matter. we have a lot of students -- it's different when we were here we showed up five minutes before class started and now they come weeks early. they seem to enjoy the party scene but also an early academic program. i've got to t

mr. frazier left the strategic policy forum, and if so, what did they advise him to do and number two, wasoard consulted before he went on, and did anyone at that time if the board was consulted have any reservation about him taking part in this panel well, thanks for having me on. first, i should say i'm obviously appearing in a personal capacity, not in any way as a representative of merck, and, you know, you speak to ken regularly so he would give you the direct background you know, my personal belief is that serving on one of these councils is not a decision that under normal governance an entire board needs to take we have a lead director at merck, an excellent director ken i believe consulted him before he went on, certainly made the board aware of his reasons for doing that and consulted less again with his personal decision that in light of the events of last weekend in charlottesville he just had to step off that board, and i think it was a moral decision, a brave decision and the correct decision. >> and it had nothing to do, as the president suggested on monday -- on tuesday, th

mr. frazier has resigned as he says for as a matter of personal conscience.alked away from the table. and he has incurred the anger of his president. now, that's a very difficult situation that he has walked into quite willingly. steve: by injecting personal politics into it. >> he has put politics ahead of economics and business and his role on that council. yample the north koreans backing down from anything. any time before. but now they say they are going to reconsider the plan to send missiles towards guam. looks like a win for mr. trump. that's what i think. he has put pressure on china. china has put pressure on the north koreans. mr. matt tis, i hesitate to said mad dog matted tis. none the less, he has laid down the law. he said don't you do it. don't you fire off missiles. abby: numbers are speaking. steve: thank you, we'll be watching on fox business. meanwhile, protesters topping confederate statues in the wake of virginia riots. are they erasing history or is it about time to take them down? laura ingraham is going to weigh in on that topic short

. >> reporter: merck's ken frazier, one of the country's most prominent black business leadaser w f ts, the he was taking a stand against intolerance and extremism. mrump took two days to explicitly condemn the white supremacists in charlottesville, but within an hour of his resignation, frazier was in the president's twitter line of fire. while frazier's move put pressure on his corporeint. james bailey, a professor at george washington university's business school, says speaking out risks the president exacting a personal vendetta. taking on the president of the united states for a publicly traded company is not small ball. >> yes. president of the united states. the risks are high. but the-- the payoff might be quite high as well.umkaesidenofo also stepped down writing, "i cannot sit on a council for a president that tolerates bigotry and domestic terrorism." they sit on various advisory boards including the c.e.o. of lockheed martin and walmart. >> mason: julianna goldman, thank you, julianna. still ahead on the cbs evening news, white supremacists are planning more rallies. anna. still ahead, white supremacists are planning more rallies. now wi

mr. pennon when is enough enough. i'm going to ask joe fraziern the other side of the break when is enough enough as well. and we're going to talk about the people around the president, people who may be advising this president to say something like on many sides. protest outside of trump tower in new york. we'll be right back. this time it's his turn. you have 4.3 minutes to yourself. this calls for a taste of cheesecake. new philadelphia cheesecake cups. rich, creamy cheesecake with real strawberries. find them with the refrigerated desserts. that's why at comcast we're continuing to make4/7. our services more reliable than ever. like technology that can update itself. an advanced fiber-network infrustructure. new, more reliable equipment for your home. and a new culture built around customer service. it all adds up to our most reliable network ever. one that keeps you connected to what matters most. >>> so, back now with my panel, before the break. john this is for you. i said when is enough enough? i said don't let anybody steal your manhood.

kenneth frazier, the boss of one of america's biggest pharmaceutical companies, and he has resigned from the president's industry forum, saying: within minutes, donald trump fired back, saying on twitter: mrn you explain why you did not condemn those hate groups? they have been condemned, they have been condemned. donald trump has bent to criticism, something that has not happened often, but why it has taken two days to name these groups, well, that question still hangs. well, jon told us what might have prompted mr trump's statement this afternoon. it's hard to exaggerate the pressure the president has felt these past 48 hours if you like and you can almost see it, the tension as he gave that particular statement in the white house this afternoon, and also the chorus of criticism from across the republican party. not just chorus of criticism from across the republican party. notjust the usual suspects, far, far wider than that so suspects, far, far wider than that soi suspects, far, far wider than that so i think it became inevitable that donald trump had to say something today that would kind of meet the concerns of those people. i think one other thing to note that was interesting abou

frazier. today, the boss of one of america's biggest pharmaceutical companies resigned from the president's industry forum, saying: within minutes, donald trump fired back, saying on twitter... mrt condemn those hate groups by name over the weekend? they've been condemned. they have been condemned. donald trump has bent to criticism, something that has not happened often. but why it has taken two days to name these groups, well, that question still hangs. jon sopel, bbc news, washington. let's bring you more now on the reports from north korea that kimjong—un has been briefed on a plan to fire missiles towards the us pacific territory of guam. yogita limaye is in seoul, and explained how the government there is responding. well, we are expecting the president to speak in a couple of hours from now. it is liberation day in north korea, it will be celebrated by south korea as well. the details of that statement, published in the north korean official news agency today, basically says kim jong—un carefully examined this plan, and discussed it for a long time with his generals. but it also says he is going to watch for a little more time what they describe as the foolish and stupid

earlier this morning, kenneth frazier announcing he is resigning from the president's manufacturing council. in a statement, mrpresident's council. our country's strength stems from the diversity made by men and women of different belief america's leaders must honor our fundamental values by rejecting expressions of hatred which run counter to the american ideal all people are created equal. he grew up in north philadelphia. he is the son of a janitor and went on to attend penn state university. president trump himself responding to this resignation in a tweet. he said -- the president has yet to tweet denouncing white supremacy and the nazism -- neo-naziism. penceresident mike denounced the acts over the weekend in a speech last night. mre president's daughter tweeted a similar sentiment over the weekend. still no tweet from president trump. the presidenttold will be meeting with jeff sessions and the new f.b.i. director earlier -- later today. they said the president will be issuing a new statement. what do we know about that? >> there has been no statement as of this time. the white house said the president

frazier. today, the boss of one of america's biggest pharmaceutical companies resigned from the president's industry forum, saying... within minutes, donald trump fired back at this prominent african—american. mrn why you did not condemn those hate groups by name over the weekend? they've been condemned. they have been condemned. donald trump has bent to criticism, something that has not happened often. but why it has taken him two days to name these groups, well, that question still hangs. jon sopel, bbc news, washington. let's take a look at some of the other stories making the news: prosecutors in france have ruled out a terrorist motive after a man drove a car into a pizza restaurant in a paris suburb. a teenage girl was killed and eight other people injured, five of them seriously. the incident happened to the east of paris, in the village of sept—sorts, in the seine—et—marne region. pro—government supporters in venezuela have been holding a rally after president trump's assertion that he hadn't ruled out military intervention there. the country's president, nicolas maduro, announced nationwide civic and military exercises for later this month. during a visit to colombia, the us vice pres

kenneth frazier, the boss of one of america's biggest pharmaceutical companies, and he has resigned from the president's industry forum, saying: within minutes, donald trump fired back, saying on twitter: mrn you explain why you did not condemn those hate groups? they have been condemned, they have been condemned. donald trump has bent to criticism, something that has not happened often, but why it has taken two days to name these groups, well, that question still hangs. joining us from anaheim in southern california is mark follman, the national affairs editor of the political and investigative journalism magazine motherjones. it was that phrase initially when the president said he talked about hatred and bigotry on many sides and repeated that phrase, on many sides. what do you think today's statement did? i think this has been a disaster through and through, even two days later the way trump fur did this today. not just two days later the way trump fur did this today. notjust a statement that was very stiff and cant, it was clear to everyone watching he was doing this simply because he had no choice but also his comments at taking the ceo of merck. later in the day returning to complai

kenneth frazier, the boss of one of america's biggest pharmaceutical companies, and he has resigned from the president's industry forum, saying: within minutes, donald trump fired back, saying on twitter: mryou explain why you did not condemn those hate groups? they have been condemned, they have been condemned. donald trump has bent to criticism, something that has not happened often, but why it has taken two days to name these groups, well, that question still hangs. mark follman is the national affairs editor of the political and investigativejournalism magazine motherjones. i asked him what he made of president trump's condemnation of the racist violence in cha rlottesville. i think this has been a disaster through and through, even two days later, the way trump furthered this today. itjust, you know, notjust a statement which was very stiff and canned, and i think it was clear to pretty much anyone watching and canned, and i think it was clear to pretty much anyone watching that he was doing this simply because he had no choice, but also his comments attacking the ceo of merck, a black ceo, who resigned as a protest for the way that he responded initially. and then later in the day,

kenneth frazier, the boss of one of america's biggest pharmaceutical companies, and he has resigned from the president'sindustry forum, saying: within minutes, donald trump fired back, saying on twitter: mrain why you did not condemn those hate groups? donald trump has bent to criticism, something that has not happened often, but why it has taken two days to name these groups — well, those that question still hangs. jon is in washington for us tonight. how much pressure was he undertook condemned the extremists today? it's ha rd to condemned the extremists today? it's hard to exaggerate the pressure the president has felt in the past 48 hours. you could almost see the tension as he gave that statement in the white house this afternoon. and also the chorus of criticism from across the republican party. not just the usual suspects, far wider than that. so it became inevitable that donald trump had to say something today that would meet the concerns of those people. one other thing to note that was interesting was that what donald trump said on saturday wasn't just an oversight, an omission. that had been carefully thought through and it was decided that he wouldn't say that. one other thin

mr. summers felt, in the immediate aftermath of the president's election, where his tweets had negative share price effect but clearly ken frazier'sesignation marked the shares up that day so it's a bold claim from the treasury secretary there, but we understand his point in the background. >> but still, ken frazier was the target of two presidential tweets and they were fiery saying that he has more time now to lower rip-off drug prices that might make another ceo a little bit, i don't know, hesitant to actually speak out and leave this council we're going to discuss it. sarah hagan is here and former aid to president bush. and the former press secretary, ben, what about this idea that some ceos could be too scared for retaliation from the white house, should they be? is that appropriate for a chief executive to be? >> well, i think at this point there might be greater reputational risk staying on one of these advisory councils with president trump. i don't blame them they thought he was going to be irrational actor they wanted to have a say over policy and advise certainly when it came to regulation, but the problem is these adv

kenneth frazier ceo of the pharmaceutical company merck resigned in response to president trump's remarks about many sides being to blame for violence over the weekend in charlottesville. mr fraser says american leaders must clearly reject expressions of hatred, bigotry and group-- group supremacy. on twitter president trump responded to kenneth frazier's resignation tweeting: now that can frazier of mark farm has resigned from presidents manufacturing council, he will have more time to lower ripoff drug prices. >>> congress returns a september 5 and plan to take up several key issues. the house and senate have until september 30, to pass federal spending bills to fund the federal government. votes are expected by the end of the year on reforming the tax code and raising the federal debt ceiling and senate work continues on healthcare reform with committee hearings next month on stabilizing health insurance markets. watch live, to gavel coverage of the house on c-span. fall of the senate on c-span2. >> coming up on c-span2, next it's a discussion on federal regulation and gop legislation to make it more difficult for federal agencies to enacted new regulations. later, soc

. >> reporter: when the ceo of drug giant america ken frazier quit the president's manufacturing council, as a matter of personal conscience, mrre forceful response to charlottesville took two days. that delay sparking outrage and more questions. >> mr. president can you explain why you did not condemn those hate groups by name over the weekend? >> they've been condemned. they have been condemned. >> can we ask you some more questions? >> it doesn't bother me at all. i like real news, not fake news. you're fake news. >> reporter: this morning 20-year-old james alex fields is being held without bail. in court monday he did not enter a plea. the charges including second degree murder. police say fields used his car to mow down a crowd of anti-hate demonstrators in charlottesville, killing 32-year-old heather heyer. >> she was a strong, opinionated woman that was willing to stand up for what she believed in. >> reporter: outside the courthouse, two self-proclaimed white nationalists yelled at police, the media and counterprotesters were to blame for saturday's violence. >> the nationalist community came to charlottesville to defe

mr. frasor will have additional time, he can try to all caps, lower rip-off drug prices. clearly that's a personal attack at the company and the leader of that company. after ken frazier, who has sat right next to the president at some of these meetings and interacted with him, took a stand and said his piece. so the president has no hesitation to throw the counter punch at almost any target when he so chooses. we have not seen that kind of counter punch against some of these groups. >> let me go back to charlottesville. larry sabato joins us, professor at the uva center for politics. you said over the weekend the president missed his chance when he blamed many sides. did he help himself today, or was it too slow to respond? and especially when you judge it against how quickly he hit back against the ceo of merck? >> yes, that's -- the latter point is very important. when the president wants to deliver an instant response, he does so. via twitter or some other way. the fact that he has waited so long to say anything that matters about what happened in charlottesville, and what could happen in many other communities, is really telling. look, this statement was far from

will praise the ken fraziers, they will praise the intels and they will see that there was a large group that missed the moment absolutely >> we brought you on to talk about the op-ed, mr a reasonable candidate for fed chief. putting your comments just now aside, do you agree with that assessment >> i'm not going to get into personalities on the fed but i think it will be a challenging period ahead for whoever becomes the chairman of the fed. it's unlikely that the economy will be as tranquil over the last -- over the next four years as it has been over the last four years that's important to credit janet yellen's leadership. i think she's done an excellent job. >> mr. secretary, the op-ed obviously got reactions on both sides. we truly appreciate you coming on the air to flush it out for us it's good to see you >> good to be with you >> larry summers, the former secretary treasury. >> i think if you're one of the ceos watching the show and hearing the former secretary calling them out for being morally bankrupt in how they can face their children standing side-by-side and implicitly endorsing the president for this, it makes me think, there's already these discussions

frazier withdrawing from a council. then a landslide. do we have reporting of what other republican leaders might be inclined to follow mr. corker?sues senate and house are in recess. there spread out over the country. there is no indication that anyone is going to follow senator corker's condemnation but the senate will be back in a couple of weeks and then you may see some more activity. it is interesting to me that donald trump has not tweeted this morning or taken on senator corker's comments so you wonder what is going on inside the white house right now? david: lindsey graham came out a couple of days ago in you had it very fast tweets from the president that brushed him back. >> we are not getting that. fact -- whaty, the are they hearing from their constituents? if they are hearing some questions from constituents it might push the other way. >> sometimes you have to tip your hat to someone who takes a stand on principle. bob corker of tennessee is one of the most conservative leaning states, trump had strong support there and for him to criticize donald trump by name in his own town, may be a principled position and does