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they never had the ability to reestablish a new order. since 2005, it has been order. this is unleash tremendous amounts of rivalries between powers. saudi arabia and iran for example. they are struggling to be able to define the new order. the saudi's are on the losing end of this. they have been working to get the united states to come in and support them in the struggle. is thated opportunity the nuclear deal was obviously set on making sure the iranians cannot get a nuclear weapon. by taking the nuclear issue off of the table and preventing the iranians from having a pathway to any nearby, bringing them into a diplomatic process, it open up the path for a regional dialogue that was all-inclusive and could have included the iranians and southeast. tot could have led completely different balance in order in the region. it will not be easy to reestablish an order by selling saudi arabia billions of dollars of weapons. if our concern is instability in the rush -- region, rest assured, selling to the saudi's will not stabilize the region, it will make it more unstable.

they are struggling to define a new order. the saudis are on the losings end and have been working very hard to get them and supported in this struggle. what i think the missed opportunity here though is that the nuclear deal was obviously centered oven making sure that the iranians would not be able to get a nuclear weapon but he also had a separate funk. by taking the nuclear issue off the table. by having a path wear to the a nuclear bomb and bringing them into a diplomatic process it opened up the the path for a regional security dialogue that was all inclusive, that could have included the iranians and saudis and everyone else, and that could have led to a different process in which a much more balance could have been created. it wouldn't be easy. but nor would it be easy by establishing an order by selling saudi arabia billions of billions of weapons. rest assured selling billions of dollars to the saudis is not going to stabilize the region. it's going to make it more unstable. host: one view, middle east crossroads tru

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you have to look at that in -- int to hash new orders context -- new orders were softer here. take it within the context. we think you will have a second-quarter gdp that will be above 2%. soft data versus hard data, the soft data has been extraordinarily high, empire, philly, chicago, etc. my sense is those will come down, but i think the hard data is decent. >> draw a comparison between and home mortgages in 2006-2 thousand seven, particularly the level of fraud, 1%. how bad of a probably is the auto loan subprime? >> when you look at the fall conditions because of the size autoem mortgage and an loan, it tends to be lower. people tend to need their car to get to work. we have reduced subprime auto because you have a dynamic today where employment conditions have gotten too easy, some of the conditions have been too easy. second, used car prices have come under a lot of pressure. you have seen rental agencies reducing their leasing, the size of their fleets. easy, conditions were too but it will not create the same stress that mortgages did. autos? it go beyond does it tell

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for this honorable invitation to come and meet with you and i look much forward to working with new order to come to that deal, to that historical agreement, historic deal to bring about peace. mr. president, our strategic option, our strategic choice is to bring about peace based on the vision of the two-state, a palestinian state with its capital of east jerusalem that lives in peace and stability with the state of israel based on the borders of 1967. mr. president, for us to bring about a comprehensive and just peace based on the two-state solution, such matter would give a great impetus to the arab peace initiative and the other initiatives, international initiatives, as well as it enables to fight and deter terrorism and fight the criminal isis group, isis that is totally innocent and has nothing do with our noble religion. and that also, if weapon create peace that is just and comprehensive, that would also lead the arab and islamic countries to have normal relations with israel bagsed as stipulated in the previous arab sum mitts the latest of which of was the arab summit was the ar

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orders, also in. is the future indicated? >> new export orders going these havel declines.et's change the pains to nonmanufacturing. again, we were expecting moderation there because not only is it services them about banking and construction. construction is what has been holding this economy up. rishaad: fiscal stimulus you could argue. >> the construction index rose to 61.6 in april, while services fell to 52.6. that's the story, isn't it? thank you, steve. steve will have a more detailed look later. 26 minutes away from the start of the session in hong kong and shenzhen, but other markets coming on stream. the aussie reacting to the latest pmi data out of china , a second day high, which could set of bullish tone when it comes to the equity session. heating in on the gmm map, the asx 200, a marginal gain after that rise on tuesday. kospi leading, carmakers striking in tokyo, a stronger yen weighing on even in the face of factory output data showing a rebound when it comes to the april figure. trading volumes in tokyo are 20% below the 30 day average given that the

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a new order, a new order, boom, boom, boom. at one point he wanted to do hundreds all in a single day. >> ... trump also signed five more executive actions today. >> bannon has these white boards in his office. he calls it his "war room" inside of the white house: promises that trump made, promises they want to make sure that trump keeps. >> president trump signed two executive orders, one on... >> narrator: one of bannon's top priorities: doing something about the danger he'd been warning of for years: radical islam. >> breaking news, a freeze on refugees coming to the united states. a source telling cnn... >> the first travel ban on january 27, it was a political document, not a legal document, written to send a message. >> "there's a new sheriff in town." i think that was their intention, was to show that this was a tough, harsh action that sort of displayed, was a statement of intent by the trump administration. >> liberals across the country digging in against president trump's latest executive orders... >> the criticism h

the administration issued a new order removing explicit references to religion. during the hearing some of the 13 judges remade in skeptical. >> saying then the president could say that every day. as a candidate for a year. i intend to ban muslims. they're bad people. and then, the first day in office he does that. you have to, you are saying that, that none statements could be considered. >> another judge questioning. >> he never repudiated what he said about the muslim. and it's is still on the website. >> they are gaud, that is the statements before the election shouldn't count. >> candidates talk about things on the campaign trail all the time. >> reporter: the decision, the judges, 10-3 ruling. rejecting the idea. adding while congress granted the president broad power, that power is not absolute. while this is a big blow to president trump, the case will now almost certainly go up to the supreme court. serena marshal, abc news, capitol hill. >>> coming up. we are going out on the open water. >> yes, so the giz wiz shows us us the season's hottest boat gadge

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tonight appears he's succeeding in creating a new order for the middle east. and that is something. point, that's precise live what the islamic state must fear. first all when president trump says basically we are going to consign you to hell to the islamic state, and the arab states standing with him on that, it's a remarkable time. ed: fortunately for our country we have a leader who believes there is terrorism and there are bad people in the world and he will do everything he can with hissal lives to root them out. that's a big place from where we have been the last 8 years. lou: that's your nice way of saying the 8 years of president obama were a today tras as trophy and waste because we did not fight for purpose and design for victory against the islamic state and you are right. mike: part of what you have saw, the jubilation in saudi arabia, is this idea that america has reversed the obama policies. we are not interested in courting iran. we are fighting iran. that's the message the sunni arab world wanted to tear because they have been alone. each of these countries has been

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the country's news agency said he ordered the mass production of the new system.or its part the u.s. is hoping that china will exert its influence over north korea to get it to scale back, and to encourage china the u.s. has put on hold a big delivery of weapons to china's biggest rival, taiwan. was in taiwan. >> reporter: taiwan's military is testing its fire power against the threat of invasion by china. most of the weaponry here is american-made, under a long-standing deal that makes the u.s. the island's sole supplier. >> reporter: this is a drill, but the threat tie waysigh juan sees as real. despite early signals including a controversial phone wall can taiwan's leader, the trump administration has stalled on delivering a billion dollar arms deal for jets, anti-ship weapons and missile systems. a u.s. official told nbc news holding back arms for taiwan was discussed as a way to improve ties with china at a time when president trump wants chinese help to reign in north korea. >> every single administration since bill clinton has eventually realized that beiji

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new this year, no backpack and a heavier police presence, but the new order did not stop the par i ti, but it did curb the nudity, but a for some runners, this is the first tile and while for others, this race had a deep e meaning. >> my girlfriend peggy prince, i hope that you are happy that i am here and she had an aneurysm that she could not be here, and because she had an aneurysm burst and i am running for her. >> reporter: and no security wardrobe misfortunes, and everybody respecting each other's styles, and there is a race on the kcompetition of who stood out the most. rick boone, nbc bay area news. >>> and still to come a commencement protest as the vice president gave a commencement speech. >>> and coming up, honoring a cal rugby player, severely hurt, and how the players at the high school that he attended made a touch i touching tribute. >>> and the spurs rarely ever get swept, and something has to give. that is coming up tomorrow. class of notre dame today, but some students chose to walk out on his speech. >>> vice president mike pence addressed the graduating class of n

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they in an effort to be careful about getting overly harsh orders had almost 50 percent of their new orders for zero dollars. that's not child support collection, that's not helping get money into the household. that's just going to a bureaucratic process that needs some federal performance standard and it's not helping so what i've said is that for single-parent households who are applying for snap , we ought to have a required referral child support when she or he says that no, i have no agreement and i'm getting no child support. we want to ask themto go work with the child support for healthcare , for something and i associate myself with those who said earlier i think that when you pay child support you're more likely to be positively engaged with your child and that emotional and parental attention is important too. i want that. i don't think you get that. >> to the extent that we can use child support. >> will leave this discussion here to go live now to look at the recent election in france, a country we elected president hassan grew honey to another four-year term. they're both ser

this new order provides more notice and exempts foreigners with valid visas. now, if the two courts reach different decisions, the injunction will stay in effect. it could pave the way for a final decision by the u.s. supreme court. >>> we expect to learn more later this beak about the man arrested for a series of car fires in the east bay. police say they arrested a 36 year old man about 1:00 a.m. yesterday at a mcdonald's in benecia. and that arrest happened as yet another car was burning about a mile away. the suspect is now facing more than 40 charges for allegedly setting fires for several months, including at least 7 last week. authorities plan to provide more details on the case on wednesday. >>> a frightening close call for a pair of east bay firefighters while extinguishing a fire in antioch last night, they were nearly electrocuted. >> two of your firefighters were injured and shocked by electrical current which comes by a bypass. >> the shock was strong enough to cause minor burns. they were treated and went back to work. two of the home's tenants a

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and growth in the services sector accelerated in april, thanks to an increase in production and new orders. that's good news for the overall economy, since the services sector accounts for about 80% of the economy. according to the institute for supply management, this is the 88th straight month of growth. >>> that economic data and the fed standing pat were barely able to move the needle on stocks today. the dow rose 8 points to 20,957. nasdaq inched back from record territory, giving up 22. and the s&p 500 was off 3. >>> despite not moving all that much today, the stock market is holding at all-time highs. but volatility is low. so does this calmness on wall street pose a danger to investors? doug butler from rockland trust joins us, welcome, doug, nice to have you here. >> nice being on. >> you say that there's more uncertainty in the market, you think, than is currently indicated by the volatility index, commonly known as the vix. >> the vix is indicating low volatility in the market but that doesn't mean there's low uncertainty. i think the markets have gotten a touch complacent. and

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>>> today, is the national day of prayer and the trump administration is marking it with a new executive orderimed at protecting religious liberty. a senior white house official tells nbc news the executive order will do three things, declare that policy of the administration is to protect and promote religious liberty, it will direct the irs to ease the enforcement of the johnson amendment, which says tax exempt religious organizations cannot participate in political activity, and it will provide relief for religious objectors to the obamacare provision that mandates contraceptive coverage and other preventative care services. we're going to break down what that means with jeff and ned here in d.c. and steve schmidt in new york. ned, social conservatives they've had sort of the biggest win in the last 100 days with neil gorsuch being confirmed. this executive order is that a win or go far enough? >> it is a win for them. in some ways this was a much ado about nothing. a lot of people concerned there was going to be discrimination against the gay community through federal bureaucracy and the f

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he brings his army to new jersey in order between the british army and no adelphia. 80 miles or so across new jersey. he gets to "crossroads of the revolution," december 1st and 2nd in 1776. keep in in new jersey for almost a month before that. crosses over into pennsylvania in order to keep between him and the british and philadelphia. his big concern was the british would take philadelphia before the end of the campaign season. the 18th century armies generally didn't buy it in the winter. even though it was december, maybe they'll try to push a few more weeks and take philadelphia. he didn't go to pennsylvania and the british took over other central new jersey, including trenton and established their winter quarters here. they decided not to go on to philadelphia until spring. of course then it's washington coming back and attacking those winter quarters in late december 76. king george and boyden aren't in the british hierarchy had wanted to finish the war in a year than they have anticipated a january 1st, 1777 he was going to be -- they're not going to have to worry about it anymore

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the new order rolls out today.earing from both sides what aren't exactly happy with what they're getting but you say it's a first step. >> it's a first step. the president is standing for freedom of religion and that it is what defines us as a people and nation. i think that's an important first step because it sends a signal to his administration, the executive branch these conscience rights issues are things they have to bear in mind and broad authority to the attorney general and hhs and cabinet officials. >> shannon: so i want to read from both sides here. we had a number of senators who were pushing the president to do something on this. an executive order requiring federal government agencies to protect the right to religious freedom is necessary and directing agencies to adhere to existing federal laws protecting religions freedom is sound policy. the free exercise of religion rings hollow if individuals don't have the ability to live out their faith without fear of repercussion from the government. the pres

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syndrome of career passing and take a more active role in inter— korean relations and shaping a new order expect a return to the sunshine policy? do you expect significant changes? yes, i think nothing wrong with the sunshine policy. its first principle is non— provocation of north korea, second, abandonment of the idea of sovereign north korea, and the third one, to promote exchanging cooperation and pursue peaceful coexistence, and tried to materialise two factor unification. and i think there is nothing wrong with the sunshine policy, and the new president, moon jae—in, with the sunshine policy, and the new president, moonjae—in, will pursue the ideal and practice of the sunshine policy. crucially, though, professor, how do you think yong gang will approach the new president? they are likely to test him soon, aren't they?” president? they are likely to test him soon, aren't they? i hope not. if north korea test moonjae—in with another nuclear testing or a missile test, then that really will screw up inter— korean relations. therefore north korea must be must —— much more cautious this