mr. mooret question. i am not a phd economist. i do have 35 years experience in the game. i think i have probably as good a record on the economy is any economist you want to put me up against. i think i bring a kind of real-world experience. i would say the same thing for herman cain, who i think was a tremendous pick. having a businessman on the fed would be a brush of -- a breath of fresh air. i will bring a new perspective. one of my missions is to open up the fed. i'm going to run on an agenda of transparency, openness. why shouldn't bloomberg and c-span and others be able to cover everything they do? why does there have to be this temple of secrecy? i want to open some light on the fed, and i come in with the idea to challenge one fundamental idea that i think is endemic at the fed, which i think is complete we wrong, which is that growth causes inflation. growth does not cause inflation. we know that. when you have more output of goods and services, prices fall. i think the fed has been

now, with respect to mr. moore you have somebody like george w. 's top economics man saying he was for a bunch of snake oil economics, for mr. cane, nobody can forget his 999 economic proposal which was just laughed out of any kind of debate at all. and certainly what senator brown and i are going to do is make sure, for example, if somebody like mr. moore isn't paying his taxes, he's got other problems with respect to child support, we want the record to be clear on that point. >> a harvard professor who said of stephen moore he does not have the intellectual gravitas for this important job. do you think fundamentally the president is trying to build a board around powell that can push him, that he essentially knows are loyal soldiers for him on rape decisions and the like so they can sort of bully powell a little bit? >> it sure looks like it. and i think the president just resents powell's independence. i voted for powell. by the way, powell had a history of working with janet yellin. but let's stick again to the facts. stephen moore, for exampl

how bad is the situation for mr. moore? your republican senators, they have not said that they would vote against him, but they are raising questions. joe: it is not just the moderate republicans. -- expectask that susan collins to flip, but the fact that it is a number in the center of the caucus raising concerns, not good. when herman cain dropped out, there was some thinking, he was the second initial land, this will be good for stephen moore. past writings, things that he has said about child labor, women referees, not great. senator shelby is not known as a bomb thrower in the senate. joe: not a swing voter among republicans. david: whether mr. moore stays or not, we still have the herman cain vacancy. are there other people that would fit the bill for president trump? as far as i could tell, would like loose monetary policy. joe: it depends on what fitting the bill is. this may sound insulting, but there are a fair amount of people who have advocated hawkish monetary views for most of their careers, but that would be

. >> just because mr. moore in particular, i really don't know where mr. steve moore's been out there a long time, and his views are perhaps more in line with the president's, but that doesn't mean they're not legitimate -- maria: you don't want politics on the fed. >> well, or yeah. you know, i think we need to separate those issues. they shouldn't oppose him because he's got different views or new views. that might be healthy. maria: what is your take on the economy? larry kudlow and the administration is canning the fed to cut rates by 50 basis points. that really conflicts with what kevin hassett is saying, why would we need a cut if the economy's growing 3%? >> i agree. i think that's wrong. every time you cut interest rates, you end courage households and businesses to borrow more, and we've got a lot of debt, 3.6 times gdp, that is really high. so why you want to juice economic growth by reducing rates, that's a bad idea. we do finally have some wage growth, let's keep that going. maria: sheila bair, special guest this weekend. don't go anywhere, my

he the senate -- if mr. moore it to the senate banking committee, they need to quiz him closely on why his way of looking at monetary policy is better than the others they need to make him spell out his analytic framework how it would be applied. and they need to ask him about why he was so wrong in the past. >> how about does it matter how he views the world and i ask this because a lot of his writings have come to light recently including many that strike a pretty misogynistic tone i just pulled one quote out of a 2002 essay that he wrote about sports and he proposes a rule "i propose no more women refs, no women announcers, no women beer vendors, no women anything." >> i think it's very troubling i think to have somebody who has such a view, sort of a contempt for half of the human race and for people who live in ohio. among others >> yes >> so i think -- >> he called it the armpit -- >> whether it's disqualifying or not, i don't know. that's up to the senators to decide it certainly bothers me. >> me top. than

mr moore was a public health expert en route to kenya when she died she is also the great niece of consumer safety advocate ralph nader the u.s. suit alleges quote blinded by its greed boeing haphazardly rushed the seven thirty seven max eight to market with the knowledge and tacit approval of the united states federal aviation administration some other neda spoke to the reporters about why they're aiming to bring the suit against the manufacturer. those in charge of creating and selling this plane did not treat simula as they would their own daughters. we as passengers need to demand that planes be safe so that no one else dies profits should not come before safety and we are making this effort here to hope prevent a third crash. the suit follows findings by investigators of similar technical problems in the crash of flight three zero two and the october two thousand and eighteen crash of lion air flight six ten which killed one hundred eighty nine people the company's stock has been flailing somewhat over the past month but it has managed to recover around three ninety two today well belo

likely to happen for the reason that i think the american people place a lot more confidence in mr moore's judgment and you're not going to throw out a president based upon an inconclusive decision then you will the house judiciary committee and i believe that's already been indicative of why the majority leader mr stay who are issued a statement says we're not going to do impeachment is going to take too long is too complicated will take us beyond two thousand and twenty we will use this information quite legitimately in the campaign of two thousand and twenty but as a matter of law in the judiciary committee going forward i think this is over so you think this is unlikely to be a process towards impeachment but do you think this is changed the views of the president i mean it suggests he possibly avoided obstructing justice many because of this ignored his own what is. there well that's correct and fact the spin the mr moeller states that in some sense it's kind of ironic mr trump was saved by his subordinates who refused to execute you know it his directives it wasn't just his white hou

mr. mooreing to come with the idea to challenge one fundamental idea i think is endemic at the fed, which i think is completely wrong, which is that growth causes inflation. growth does not cause inflation. we know that. when you have more output of goods and services, prices fall. i think the fed has been afraid of growth. there is growth phobia over there, nothing they are wrong. meanwhile, at least three republican senators have said they will not support herman cain's nomination. global news 24 hours a day, on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm kailey leinz. this is bloomberg. vonnie: thank you. let's get a check now on the u.s. majors. we are seeing a little movement in the s&p 500, up fractionally. potential s1 from uber. the dow industrial average higher fractionally. crude oil continues to decline. we will look at the dynamics at play there in futures and focus. this is bloomberg. ♪ ♪ vonnie: live from new yor

. >> i'm sure you heard the dplents mr. moore. what do you think?conomic malpractice, that's a pretty strong term. >> that's not an economic term the fed's mistake was that it was going to hike and that it was going to be on auto pilot. had the fed raised rates and said they were effectively on personala hold and in the process of deciding they were going to tlaet itself. i don't think december was a mistake, it's that they caused correction. >> we have this meeting coming up we just got the gdp report up 3.2% much stronger than economists had expected you think that's not the full story? >> no. >> the underlying economic data is much weaker >> that's right. >> what do you mean in. >> if you look at effectively private final demand it was barely up more than 1% which is what i thought gdp was tracking in light of production gdp is a measure of output production in the first quarter looking at fed data was negative therefore, when you look at the numbers and see inventory was accumulated for a substantial portion of the gain and you had a big shot in

mr moore said why didn't these kids get up. way to. sesame. provokes. said hold near them turn our voice in ok. into. a different. school no. we don't live near condit. he joined by the boxing club in two thousand and twelve and has become sort of his right hand man. either didn't want to download these from the console comes from out of the last couple sheaves it's an old lady's own steam bookstore clued into the law books. the mood of the country and the children she's seen in the to the door she knew the deal. about the wall that he was ready. to join his short term deal about a year. or two years younger than cmon he lives in. want to go. on his god of foreign affairs course if you go there go wrong as red river shoes he used to work in a metal furniture workshop but now he's quit his job in the hope of becoming a professional boxer. five years ago you're the one i was going to put in my ways read move every. muscle building up and i think rather than i did a rumor that. you know what i'm i'm a how do you think nineteen in training to be a hairdress

i know you will not talk directly about mr. moore mr. kane but i want you to -- mr. want you to talk about the efficacy of nontraditional voices at the fed. there is a bunch of people there like you who have done the work. should we have people at the fed who are more generalists? lael: we do think it is important to have a diversity of thought around the table. i think you want to make sure we are considering all different dimensions of a problem. it is also important to remember that congress, in its wisdom, created a decision-making structure. if you read the minutes, what you will see is the fomc is a highly deliberative body. we listen to each other. ,e are looking for fact-based intellectually coherent arguments that are based on evidence, that are consistent over time, and so that standard for deliberation will continue regardless of who sits around that table. tom: the critical question. within the modern messaging of your fact-based system, are we conveying that message through the press conference, through the minutes, to the american public and to the pres

mr. moore should not be confirmed. " what does it take to be a qualified fed member? chael: it does not take anything. there was the argument the fed got to academic. too many were economists. moore does not fit into any categories. he was a tax-cut lobbyist. he has a masters in economics but his economics have been questioned by a lot of orthodox economics even on the republican side. herman cain does not have the economic experience. he land for president on the idea of a flat tax. 9% for businesses, 9% for individuals. he could bring a business perspective to the fed, but is he qualified? that is in the eye of the beholder. david: we have any members of the fed who ran a business? you have the dallas fed president was a banker. jay powell was more of an investment banker. do we have anyone who ran a business? michael: nobody who fits that category, and it has been a while since they have had anyone like that. jay powell himself is not an economist. you mentioned the dallas fed president, not an economist. they have business training and business backgrounds but not

this morning we will bring you that interview -- >> mr. moore. >> just a moment.ing "squawk box." >>> welcome back to "squawk box," everybody. the futures this morning have been a mixed picture dow's been indicated higher. it's been helped by some dow components that have reported a beat expectations. merck and pfizer both stronger than had been anticipated and raising their guidance for the year dow futures right now indicated up by almost 30 points s&p futures down by just over two points and the nasdaq off by about 47 nasdaq's being influenced in large part by alphabet, which came out with earnings after the bell last night that were in line with expectations, but there were some numbersthat th street didn't like within that revenue from ads -- or ad revenue coming in a little lower than expected, and that's put some pressure on the stock that stock's down pretty sharply. >>> also, results just in from conocophillips the multinational energy company reporting earnings of $1 a share, 10 cents better than expected revenue came in about $1 billion higher than expe

cain and mr. moore3.8% unemployment rate is fabulous, an economy that's growing at better than 3%, could do better even with tax cuts and deregulation. we worry that the central bank is not taking account of a weak world economy, some financial tightening in the marketplace, and here is the key point, there is no inflation. so look, i'm not here to buck that independence. i started my career at the new york fed many years ago. i get along well with the fed officials. i'm saying we have two open seats on the board. the president has every right in the world to nominate people who share his economic philosophy. that is more people working is a good thing, not a bad thing. >> you didn't answer the question necessarily about those allegations troubling you or not. let me ask you about steven moore. he was a contributor here at cnn, clearly qualified to talk about the economy on cable television. >> thank you. you're the first guy to talk to that. you're so even handed. >> take a listen to what he said about

stephen moore, who is under consideration for the federal reserve in 2015, and in the interview, mr. moore called the immigration policies crazy and said they were bad --nomics and was and worse politics. you agreed. right atow: that was the beginning of the campaign. there was a lot of misinformation, a lot of rumors. we have the story wrong and that often happens. i love my three hour radio show, loved it. maybe sunday, we will do it again, who knows. so you talk about stuff. the more we learn, the more we changed our view on this -- learned, the more we changed our view on this. that was one of these gotcha reports. it is of no consequence. >> do you think, with the , weent rate of unemployment should be encouraging more immigration? at this point, is the workforce to tight? we need aw: broad-based immigration reform plan. the president has given a lot of details on this. it didn't come to anything in 2017. we tried again in 2018. think -- a narrow question, workforce type things. you have to have a far-reaching plan. we continue to strive for collaboration with congress on this, but it

and i want to talk about that for a little bit so mr. moore a series of controversial stances about the fed despite acknowledging that he still needs to learn more about how the regulator works. he previously said that the fed should be scrapped in favor of the gold standard. he called on the fed to hike rates during the great recession because he believed it was necessary to get less dollars out in the economy, that that was a good way to deal with it those are his words, not mine. and until recent -- recently he said that fed chairman jerome powell should be fired for rate hikes or rate increases in his opinion that diluted the tax cuts this is yes or no going down the panel. do you think the fed should be scrapped in favor of the gold standard >> no. >> no. >> absolutely not. >> no. >> no. >> no. >> no. >> thank you now, i know that all of you were working in the financial services sector during the great recession. even knowing what you know today and knowing what you knew then, do you think that a better way to deal with the great recessi

justice department officials have had numerous conversationse lawyers about the conclusions made by mr. moore and that the talks have aided the president's legal team as it prepares a rebuttal. we know the president legal team led by rudy giuliani has in the process of finalizing account report and they have whittled it down to 40 pages. it too will likely be made public tomorrow and we may even hear from president trump himself. >> you will see a lot of very strong things come out tomorrow. attorney general barr is going to be giving a press conference. maybe i will do one after that. >> as for the mueller report itself, the big question has been how much of it will be redacted. new reporting in "the washington post" tonight said that it will only be lightly redacted and then it will reveal detailed look at the obstruction of justice investigation. "the report rowville that mueller decided he could not come to a conclusion on the question of obstruction because it was difficult to determine trump's intent and some of his actions could be interpreted innocently but it will offer a detailed bl

d, mr. moore apparently lost his last job as a newspaper columnist thanks to an ethics dispute with his paper about giving paid partisan speeches which is a thing he was not supposed to do while having that kind of a job. e, the political action committee where he worked had to pay hundreds of thousands of dollars in fec fines for legal violations occurring during the time he was in charge of that pac. i mean, i don't know how far we're going to get down through the alphabet when it comes to stephen moore, but hey, he did also write a book called "trumponomics." so obviously that trumps everything. pun intended. clearly that alone makes him the best man in the country for that job, or for any other. but stephen moore's nomination to be on the federal reserve board, a job he admits he knows nothing about, it does appear to be sort of teetering tonight as this torrent of bad news about him and the white house's apparent total failure to vet him for this nomination continues to pile up in a bad way.

it's mr. moore suggested 50 basis points kudlow backed that up on this network in the last week or so should the fed -- >> i'm very fond of larry. i think he's doing the bidding of the president i don't sense his heart is in this moore, i don't pay any attention to he's a politician, a political -- not a well-trained economist, by the way. we're talking about the board of governors, not a federal reserve bank president i came out of the market side. i'm not a ph.d. in economics i was running a bank the federal reserve bank of dallas and participating in policy discussions the board of governors is a very serious matter they get a permanent vote. they usually very well trained either in economic theory or in financial practice, like the current chairman is, jay powell. and as the vice chairman for regulations supervision has been exposed to through his legal practice this is serious stuff. and it represents a threat to the independence of the most important central bank of the world. i think the mark

he supports him fully and he and the president are not worried about the allegations against mr. moorencluding he did not pay child support for instance and the other sort of controversies that surround him. back to you guys. >> thank you very much, sar sa eisen. >>> also this hour, president trump meeting with the secretary general of nato at the white house. eamon javers joins us now with more on that eamon? >> reporter: kelly, that's right. that meeting is going on right now inside the oval office the secretary general jen stoltenberg meeting with president trump about nato this has been a fraught relationship with nato, celebrating the 70th anniversary this year. the president has been very critical of nato allies not paying what the president views as their fair share in terms of an allocation of their defense spending based on their gdp. he feels all of those nato countries should be spending more on defense. he likes it when they up their defense spending but we have not seen all of the countries live up to what the president's expectations are, so you can expect that topic will

obama's treasury secretary nominee getting grilled over his tax problems, it's also worth noting that mr. moores $75,000 in back taxes and penalties. some see him as an odd choice for the fed because he has questioned whether it's, quote, even should exist and called at one point for all its members to be tossed. >> i believe the people on the federal reserve board should be thrown out for economic malpractice. donald trump wanted to drain the swamp. well, john, the fed is a swamp. >> he picked one of the alligator. >> exactly. >> exactly. the fed is the swamp, or whatever. with the promotion now on the table we can note, because we want to update what moore is say, now he has a different tune. people can decide whether this reflects a, quote, learning curve or a kind of opportunism. here he is this month talking down some of his past tone in a new interview. >> by the way, i'm kind of new to this game, frankly. so i'm going to be on a steep learning curve myself about how the fed operates and how the fed makes its decisions. this is a real exciting opportunity for me. it's hard to say what eve

assaults against him have nothing to do with economics and as you may recall, sara, back in 2014 mr. moorean interview, he called cleveland and cincinnati the armpits of america. >> i do not recall but i read it yesterday. outrageous >> not sure if he was referring to herr economitheir economies r >> he was saying if you live in the midwest you should live in chicago, why would you want to live in an armpit like cincinnati >> i apologize on behalf of everybody for you. >> hopefully he was kidding. i'm sure he was kidding. >> you can only hope >> bill, thanks. big moves in the market today. nasdaq hitting another record intraday high. we'll see if it closes at a record s&p just a few points away from its own intraday high. perfect time to talk to our next guest. joining us in a cnbc exclusive is howard marks, co-chairman of oaktree capital group. welcome back >> thank you very much, sara >> how healthy does this rally look at record highs >> well, the mere fact of record highs shouldn't be a problem the economy and most corporate profits do better over time. so most things should gain over

mr. holder. >> reporter: chief moore says holder is a number of a gang, but police believe the dispute was not gang-related. hassles death has officials worried about a recent uptick in gun related to crime. he was one of 11 people people killed here in los angeles, after more than a 17% drop in homicide at the beginning of the year. >>> i am deeply concerned, it will commit everything the city has a turnaround. >> reporter: a vigil for hustle erupted into chaos overnight. police say a fight broke out when a man should a gun. that led to a stampede, that left at least 19 people injured. lisa urging people paying respects to come in peace. >> police are searching for this female's getaway driver. >>> to washington, where the hyatt house oversight committee is voting on whether to issue subpoenas to investigate how white house officials, including president donald trump's son-in-law receive top level security clearances. the veteran security advisor told lawmakers that clearances were denied for 25 officials, but later overturned. >> he came forward because the system at the white house is so dy

mr. moore has take an series of controversial stances about the fed despite acknowledging he still needs to learn more about how the regulator works. he previously said the fed should be scrapped in favor of the gold standard. he call on the fed to hike rates during the great recession because he believed it was necessary to get less dollars out in the economy, that that was a good way to deal with it. those are his words, not mine. and until recent -- he recently said that fed chairman jerome powell should be fired for rate hikes or rate increases last year that in his opinion deluded the gains from trump's tax cuts. so this is just a yes or no question if we could go down the panel. do you think the fed should be scrapped in favor of the gold standard? >> no. >> no. >> absolutely not. >> no. >> no. >> no. >> no. >> thank you. now, i know that all of you were working in the financial services sector during the great recession. even knowing what you know today and knowing what you knew then, do

steve liesman talking to stephen moore. mr.orldwide himself, pitbull about why and how he's tinryg to help miami become the next silicon valley when you look at the critical issues facing our world, what do you see? we see breakthrough medicines getting to patients in record time. we see harnessing natural gas unleashing the promise of clean energy. we see engineers simulating the future to improve today. at emerson, when issues become inspiration, focusing core strengths to create a better world isn't just a result, it's a responsibility. emerson. consider it solved. that's what happens in golf nothiand in life.ily. i'm very fortunate i can lean on people, and that for me is what teamwork is all about. you can't do everything yourself. you need someone to guide you and help you make those tough decisions, that's morgan stanley. they're industry leaders, but the most important thing is they want to do it the right way. i'm really excited to be part of the morgan stanley team. i'm justin rose. we are morgan stanley. >>> and we g

is, andy, if you have super cheap money and rate cuts mr. mooreap money, doesn't that do long-term damage to the economy? >> right now the dollar is strong for a number of reasons. one we have terrific growth in the second and third quarters of last year. 4.2 and 3.4%. the rest of the world is staggering. that makes the dollar even stronger because the dollar is, it is viewed as a safe haven in economically distressing times. there are two things making it stronger. third, the fed is cutting back on the money supply. they're cutting back on quantitative easing. so you have fewer dollars which increases demand. we have three things already strengthening the dollar. we didn't need, we don't need increased interest rates on top of that. the dollar will not weaken significantly but if it weakens enough we encourage more exports we're going to be way ahead. stuart: okay, got it, andy puzder, thank you very much, sir. >> thank you, stuart. stuart: now this, the food delivery trend making waves in the restaurant business, ordering delivery is the new din

mr. ivory moore. [ cheering and applause ] >> thank you.> everybody up on your feet! hello, columbine! [ cheering and applause ] >> we are -- [ indiscernible ] [ indiscernible ] >> we are -- >> [ indiscernible ] >> we are -- >> columbine. >> we are. >> columbine. >> we are. >> columbine. >> we are. >> columbine. >> we are. >> columbine. >> and we love you, columbine! [ cheering and applause ] >> give it up for ivory moore one more time. [ cheering and applause ] >> give us a minute or two. you it will take us a moment to get our next performers set up. so talk amongst yourselves. arthel: okay. want to remind you that you can visit foxnews.com where the ceremony is streaming live. a very spirited cheer there. much needed, led by ivory moore, i believe he said his last name is. we'll be right back. this is not a bed... it's a revolution in sleep. the sleep number 360 smart bed, from $999... senses your movement and automatically adjusts on each side to keep you both comfortable. and snoring? how smart is that? smarter sleep. so you can come o

. >> commissioner moore: question is to mr. washington. we spend a great deal of time a year or two ago on discussing the effect or the geometry of popouts in rear yards. in drawing 8, 1.1. there is a first floor pop up which to my understanding has to be of equal depth to meet the yard requirements. on the east side it is a one story, 6.7 by 6.7 square feast. west is from three story to two story to one story. my understanding of the rules you explained at that time and many times we all learn on the run. those pieces have to be of equal size. >> southwest team leader. could youlaborate on your question? are you questioning whether or not this is compliant with the rear set back requirements? >> compliant with the popout and extent of popout on either side on the first floor. that is what i'm looking at. west side has deeper piece. both sides are to be symmetrical. >> that is not consistent with the popout. the rear set back appears to be in full compliance. >> the hatched area? >> that's correct. it is in compliance with rear set back re

mr. mickelthwait will stay with us. moorent trump's presumed board nominee at 2:00 p.m. this is a most timely interview off the discussion of mr. powell yesterday. this is bloomberg. ♪ ♪ this is bloomberg "surveillance," tom and francine from london today and then we make our way to italy. projections of gdp have gone back -- down. toack-to-back interest cut support the economy a week before national elections. india to more on harsha subramanian. still with us is john mickelthwait. when you look at india and the votes, some of our investigations point to the fact there could be a rejection of the establishment political class. how true is that? harsha: it is an interesting situation we are in. there is the story of the economy where there is a serious debate on the jobs in this country and there is another equation where the data on growth is being questioned. cut interestey rates and the inflation forecast. 7.2%.e growth forecast by whichever political party comes to power, they will be faced with a slowing economy and a se

white house is talking about other potential candidates for replacements of herman cain and stephen moore as mr reserve. other candidates are talked about. marc chandler, chief market strategist is with us. does it worry you that the federal reserve would become overtly political if herman cain and stephen moore were on the board? >> we don't want politicians to be talking about monetary policy want them to influence the board by their nominations. stuart: so you don't want politicians on the federal reserve board or political influence on the federal reserve board? >> precisely. the key thing to keep in mind, moore and cain have not been formally appointed yet. of course they have a wide selection of candidates to choose from. i would be critical of some other nominees for the other offices not being highly qualified. i think there is time for someone to be on wrong on federal reserve just like other people have been wrong in the past. stuart: you hear demand by the president and stephen moore and some others who are saying look what we need now is a rate cut. we need rate cuts this year. woul

mr. sheehy's decision and the reuse of this building. >> agreed. >> commissioner hillis: thanks. >> commissioner moore: i'd like to express my support for the building before i go into detail. i would also like to support the notion to pay close attention to the relocation or the perpetual use. i do like the idea of the building potentially a location of some of those enterprises. what is proposed is actually a very smooth and wonderful addition of an office building to a hotel. the size of office suites on the upper floor seeps to be perfect -- seems to be perfect for the hotel room and the conditioning. and the condition of the building particularly those floors above 5 are original and i can see it to be just a smooth adaptation to a different use. i looked at the rooftop, and while i was originally concerned about the morgan piece, they are small, like pieces, that probably can be used, but they're more ornamental in nature. it is inconsequential space in its own right. it has been completely reworked. it looks -- i don't know what it's being used for, if it's being used at all. and i do not see any need to support it in any form ot

mr. speaker, i yield two minutes to the gentlelady from wisconsin, ms. moore. the speaker pro tempore: -- ms. moore: thank you so much, the gentleman from georgia. thank you so much, mr. speaker. i am such a proud co-sponsor of the taxpayer first act. i stand with my colleagues as we vote on this bipartisan, bicameral bill. i'm going to quickly address two key provisions of this bill. first, this bill is an important step that congress is taking toward reforming the i.r.s. for the first time in 20 years to better serve taxpayers and to strengthen taxpayer protections that have been long overdue. this wholesale modernization is an important step toward restoring confidence and trust in this crucial federal agency. secondly, with the aim of encouraging sensible enforcement, this act modifies the i.r.s.'s private debt collection program to stop the targeting of lower income americans by creating two additional categories of cases not eligible for referral to private collection agencies. first taxpayers whose income is substantially derived from supplemental securi

mr z. that he may in fact govern is michael moore said ski from the globe who's a global affairs analyst michael thank you very much for talking to al-jazeera this evening. what is now going to happen we have a president potentially it seems who has no political experience how is he going to govern this country well hopefully he will not become a laughing stock hoping hopefully ukraine will not become a laughing stock i think what's going to happen there is going to be a very short honeymoon and then he's going to have to start delivering very quickly on the bread and butter issues that ukrainians voted him in for i think the main reason he did get in is because polish uncle campaign was tone deaf to a lot of the issues that ukrainians care about rooting out corruption better standard of living better pensions that was very little talked about now having said all that what he will have to do the moment he wakes up tomorrow morning is to probably trot up to the hill to parliament here and start working on finding a way to work with the coalition's it's very fractious right there right now there's

mr. cain and about stephen moore later, just in a few minutes, in fact. okay. >>> china trade. let's get on with that. here's the president sounding i think upbeat. watch this. >> this is the granddaddy of them all and we'll see if it happens. it's got a very, very good chance of happening. i think that it will be great for both countries. but it will be -- it will be a much fairer deal for us. stuart: gordon chang is our china guy and he's with us now. is there anything -- is there any doubt in your mind that some kind of deal is coming within four weeks? >> yeah, there should be a doubt in everybody's mind. i'm not saying it won't happen but i think the markets are not listening to a lot of stuff on both the u.s. side and the china side that suggests this deal's in trouble. remember, up until noon of yesterday, everybody, "new york times," "wall street journal," every administration official was saying during the afternoon session, trump was going to announce a meeting with xi jinping. well, it didn't happen. also, trump actually yesterday talked about trade not occurring bet

moore: i want to thank the gentleman from illinois. mr. speaker, i am absolutely delighted to rise in support of h.r. 1759, the building on re-employment improvements to deliver good employment for workers act. also known as the bridge for workers act. i do want to congratulate the authors of this bill, mrs. walorski and my colleague, mrs. murphy, for their effort to put this forward. this bill aims to provide workers receiving unemployment benefits to support -- the support they need to not only get back into the work force as soon as possible but to prevent them from being unemployed in the first place. this legislation is so important because it would extend unemployment services and eligibility assessments to all claimants of unemployment benefits rather than limiting these benefits to only those who are expected to run out of benefits. helping all unemployment insurance claimants re-enter the work force is vital for a robust economy that will only thrive with a skilled work force. mr. speaker, research shows that the longer workers ar

second, can you talk a little bit about steven moore and how committed the white house is given all of the information about his personal life? mr. kudlow: well, on the matter of the fed i concur that money looked too tight particularly in the last couple of rate hikes. i don't want to obsess about this. to see them take back 50 basis points. there was some misreporting and misquoting that i use the word immediately. i never did. it was an incorrect report. i don't want to obsess about that either. unit two tv shows i went soft on it. it is our point of view. fed is independent. the fed is independent. we are not trying to compromise that. never will. i started my career at the fed. i was there for signing in 1913. it is a joke. i look at yield curve and it's way too tight for me. i know that there's global economies extremely soft. the euro zone's soft, china is soft, latin are soft. that is not going to drive our economy but we are not immune. the inflation rates are coming down. big surpriseis a to some people. a strongg believe that economy and more people working and succeeding with wages growing -- going up is not necessar