secretary perdue: we can't say that. you know agriculture and agricultural commodity products is always the tip of a speer in any type of retaliatory. i'm hoping the mitigations that secretary ross were talking about, the president's talked about can mollify those and not move into an escalated trade war where agriculture would be damaged. senator lee: thank you, mr. chairman. i see my time has expired. chairman thune: thank you, senator lee. i have next up senator tester. senator tester: thank you, mr. chairman. i apologize for not being here for the entire hearing. i apologize if i ask something that's already been asked. i would just in reference to secretary perdue -- and by the way, thank you all for being here. secretary perdue's comment on retaliatory action based off senator lee's question. i would tell you every ag group in the state of montana without exception is unbelievably concerned about retaliatory action. you are right, secretary perdue, when retaliatory comes it's focused on ag products and it's not a h

secretary perdue, u.s. department of agriculture plays plays a large role in approving rural america's infrastructure across the united states the need for investment in ourat war infrastructure can't be overstated. the american society of civil engineers hasng set of new hampshire that much of the current water infrastructure has exceeded its design life or is operating at its capacity and will need upgrades or replacement. the repair and replacement costs are quickly rising to millions of dollars, and we can no longer afford to defer investment in our nation's critical infrastructure system. how is your department aiding small towns like the ones i represent in new hampshire to repair their aging water infrastructure? >> as a former governor i think you understand the impact that rule development can have in these communities working with the smaller communities, particularly over water treatment and waterhe availability, and water plants. look for to continue to do that as we go forward. obviously, fundi

joining me to talk more about this georgia senator david perdue an senate banking armed services committee good to see you thanks for joining us. >> good morning. >> you are the only 400 ceo in congress you have been calling, you have been called president trump's favorite senator if president asked for advice on slapping tariffs on china what would you tell him. >> well we have been talking with the president, since he was inaugurated about creating a level-playing field having a measured approach doing that last year he -- said job -- on economy focused on regulations regulation taxes now he wants equal access instincts exactly right we need a level playing field with rest of the world what all this is about i think will see a measured approach forward this is not a guy that wants to create isolationism or trade war no matter what has been said but i will tell you there are imbalances.

senator perdue: that will take a while to develop that. and the systems inadequacies that don't allow different parts of the d.o.d. to talk to you is a hindrens. i get that. we want to know if you run into those problems, or obstacles, we need to know those on the front end. we have to -- 10 years is too long. i want to talk about the see querser -- see quester and also the fundamental -- sequester and the fundamental measure of the capital budget. you answered the question earlier about normal operation produrement, i get that. -- procurement. i get that. in these big-ticket -- we're going to spend $26 billion a year for 10 years to basically recap the navy. my concern is, if that $26 billion goes to four x or five x like the past decade did, we're talking about numbers that will unattainable. my concern is, are we in this audit looking at the procurement process and finding the inadequacies in there to recommend chapings in the way congress deals with funding of the defense department. there is no capital budget, therefore we do it on a

perdue: excuse me. this does not send a message to the taliban that we're not open for business in afghanistan. does it? general votel: absolutely not. we remain very dedicated in this. we're focused on sustaining these relationships, on working with our partners, on becoming more interdependent with them, on becoming more mutually supportive with them. among ourselves. so that's what it means for me. i'm looking forward here in a couple weeks to meeting with a number of the chiefs of defense across the region, to talk specifically about what the national defense strategy means and how we are going to approach it in the centcom region. mr. perdue: i know you've talked in the committee hearing already about china's effort in africa. but i would like for to you address the n.d.s. shift and what that means in your a.o.r. specifically. general waldhauser: i think one of the things that the n.d.s. shift has done is it's put a spotlight on china's activities on the continent which have been ongoing for quite

secretary perdue. >> there has been a lot of discussion about that but i don't think. frankly i would welcome that for a our need for ubiquitous broadband but that was left out of the content for the desires of the congress. >> thank you and i would support that as well. secretary perdue i appreciate your comments because when we talk about investing in or at the structure it is not just horizontal construction. investing in broadband and investing in our communities particularly when it comes to new technology for the structure so thank you all for coming to capitol hill today. really appreciate it. >> thank you senator cortez masto. >> thank you so much for visiting with us today to discuss the ever structure initiated when the core components of this initiative is the incentives program which incentivizes states and local governments to establish significant non-federal revenue for their most important projects. last year the state of indiana we did our part. we work diligently to provide additional

secretary of agriculture sonny perdue hosted vice president pence at the department of agriculture to commemorate the day. as you may remember when the president spoke at the american farm bureau convention earlier this year , he said our farmer deserve a government that serves their interests and empowers them to do the hard work they love to do so much. this administration is making sure government does that by reducing burdensome regulations allowing them to be more productive by cutting their taxes and empowering them to make their own decisions about investing in their operations. and by working to make sure our trade agreements are fair and that other countries play by the rules. the president was proud to issue a proclamation declaring today the 45th annual national ag day. earlier today the president was pleased to welcome saudi crown prince muhammad bin salman to the white house this meeting provided an opportunity to make progress on a range of issues including syria and its sponsor, yemen, the g.c.c., and our israeli-palestinian peace efforts. today we were able to engage w

stocks rose briefly midday when david perdue suggested theid prt might be flexible on the tariffs. but in a late day press conference with thesh swe prime minister, the president did not back down on his threat to slap tariffs on steel and aluminum imports, claiming china sends more sheel to united states than most people think. he disputed early reports that china imports only 2% of the steel imported into the united states. where would alld? this bulls are praying that by the end of the week, president trump will indeed sound more conciliatory on tiffs and that friday's february jobs report will show wage growth is subdued. wage growthnuary's of 2.9% year over year was the strongest since that caused a 50-point drop in the s&p 500 a mon ago and was the start of much of the chaos in february. if we get that one-two punch, the markets will definitely rally on friday. until then, the bulls will be on edge. for "nightly business report," i'm bob pisani at the new york stock exchange. >>> house speaker paul ryan pushed back against the idea of broad tariffs and said he'gi the presiden

perdue: mr. president, i ask that the quorum call be dispensed with. the presiding officer: without objection. mr. perdue: mr. president, it's not often i get to come to the floor of the united states senate with an uplifted heart, but today i do. yesterday, this body, two-thirds of us, mr. president, got together on an issue that's so important to main street america and agreed after weeks of negotiation and going back and forth, we passed a bipartisan banking bill, mr. president, and i believe historians will look back on this week and this bill as being a watershed event. it was a measured bill, mr. president. it didn't blow up dodd-frank. it didn't do away with it. it didn't go as far as some people wanted. it did more than others wanted. but two-thirds of us put the national interests above our own self-interests and passed a bill that will change the face of lending for small community banks and regional banks across our country, mr. president. last year, when president trump became preside

cross party support inside the chamber is that it had huge support state parliament i spoke to laura perdue and spokesperson that you any one of the many humanitarian organizations to been supporting the bill . welcome to examine sure laura what have you any been doing then to actively garner support for the bill through parliament well we decided to support this bill firstly because refugees have told us that one of the key barriers to their really feeling settled and being able to integrate in the u.k. is this feeling that they have left close family members behind in either the country that have come from or in refugee camps in the regions what is the government's view in relation to what's proposed in the bill and why are they against it well the government's position is that immigration will. allow for refugees to bring family members but that's only exceptional cases and then outside the rules fast that really doesn't provide enough of a safeguard for for people who really are in need of bringing close family members the current immigration laws are very restrictive it's also very com

half of them did it for the right reasons like tom cotton and david perdue and a few others.aybe we can run them for president. but there was only one guy who saider speech at he rally for two years that he would build the wall what he signed a bill to prohibit the building of the wall. he claims he did it, the "wall street journal" said he did it base wanted to go to mar-a-lago. judge jeanine: that's baloney. this guy is the hardest working guy who has ever been in that white house. he doesn't sleep and he works day and night. the republicans didn't care enough. >> we knew that from trump's campaign. we knew they were swine. we thought he was perhaps not the world's greatest negotiator, but a negotiator. and we got nothing nothing nothing. chuck schumer's flack is tweeting out, we are getting tired of winning. this business about how he did it to protect national defense. there is no more crucial attack on our national defense than the fact that we don't have a wall. more people are dying every year from heroin and fentanyl overdoses than died in the entire course of the vie

ross: we certainly are and if i lapse at all taking about it, sonny perdue is aggressive at making sure i pay attention. >> thank you for being here and thank you for your service. we all know there are products that are unfairly traded and the administration is right to target those unfairly traded products. on the other hand, there are products that are traded fairly. and they pose no national security risk. i hope the process is efficient in exempting these products. i commend the administration trying to tackle unfairly traded goods, but we need to be careful fairly traded goods are not caught up in the mix and subject to increase tariffs. there's one particular interest and product that you and i have spoken about before. we get speckled the -- specialty steel from the united kingdom used in the nuclear submarine program. even the -- even though the 232 investigation was initiated, this is the case, this u.k. steel nuclear submarine case, where it would have harm on our national security to have that product subjected to higher tariffs. i call upon you to comment on this case. i be

>> well, as you know, i worked very, very closely with senate -- with secretary perdue, and worked very hard on getting the beef exports going again to china, worked very hard on trying to open up some of those markets in south america, and worked hard to deal with the sugar problem from mexico. so it's not that there's any lack of focus on trying to help agriculture. i'll also mention in the context of the question of your colleague from florida, the work that we've done trying to work on the seasonal as opposed to annual measurement of agricultural imports. we've also put a lot of pressure on about sanitary and fido-sanitary nonscience based constraints that other countries put on our products. so it really wouldn't be fair to say that the administration has neglected agriculture. agriculture has been a very important part of our activity. >> sure, and i would reflect -- i mean, i would agree that the administration, i think, has worked hard for agriculture. i'm wondering if there's any sort of analysis that exists that could point to that recent actions or actions to come will not ac

think that's what the white house is working towards to get a more targeted approach. >> senator perduerom the perspective of a business leader that was importing a lot of the goods you sold both at rebook and dollar general. what would it mean if there were retaliatory measures to these tariffs, if walls started coming up more broadly around the globe? >> nobody wants a trade war. that doesn't benefit anybody that's not what this press wants. this guy is frustrated he moves at a business pace not a bureaucratic pace. he stepped out andi think we'v got the world's attention now. so, look, the status quo is not acceptable to this president, to me, to anybody that comes from a business perspective at rebook, for example, we made in dozens of countries, we sold in dozens of countries that's the way most of these multi-national countries are formed that's the way most people are doing it even small businesses today make in multiple countries, sell in multiple countries the example your prior guest used to talk about the auto motive industry. if we make itmore appealable, we'll attract more

cross party support inside the chamber is that it had huge support state parliament i spoke to laura perdue and spokesperson that you any one of the many humanitarian organizations to been supporting the bill. welcome to laura what have you any been doing then to actively garner support for the bill through parliament well we decided to support this bill firstly because refugees have told us that one of the key barriers to their really feeling settled in being able to integrate in the u.k. is this feeling that they have left close family members behind in either the country to come from or in refugee camps in the regions what is the government's view in relation to what's proposed in the bill and why are they against it well the government's position is that immigration. can allow for refugees to bring family members but that's only exceptional cases and then outside the walls fast that willie doesn't provide and nuff. to safeguard for for people who really are in need of bringing close family members the current immigration rules are very restrictive it's also a very complex procedure so f

>> i think secretary carson will be there, sonny perdue, rudy giuliani is going to be there. officials. billy graham never wanted to be famous. he wanted to be faithful but he ended up being both. heather: what will be the first word said to him when he arrives in heaven? >> well done, good and faithful servant. heather: thanks for joining us with your insights, we appreciate it. you might want to skip that protein shake. it may not be as healthy as you think. >> see how poppa takes care of you? >> the clean label project testing 134 protein powders, contains one heavy metal including led. organic products had a higher metal level than nonorganic and uber is rolling out a new feature to help millions of americans who missed doctors appointments every year, the new service allows physicians and caregivers to schedule rides. 100 organizations are participating across the country blues with you prefer smoking, eating edible plants, new yorkers are consuming more than anyone in the world, 70 tons of weed to be exact each year. according to a study by a company that produces growi

attracted such cross party support inside the chamber is that it had huge support pilots i spoke to laura perdue and spokesperson that you any one of the many humanitarian organizations to been supporting the bill. welcome to laura and what have you any been doing then to actively garner support for the bill through parliament well we decided to support this bill firstly because refugees have told us that one of the key barriers to their really feeling settled in being able to integrate in the u.k. is this feeling that they have left close family members behind in either the country to come from or in refugee camps in the regions or what is the government's view in relation to what's proposed in the bill and why are they against it well the government's position is that immigration. can allow for refugees to bring family members but that's only exceptional cases and then outside the rules fast that willy doesn't provide enough. a safeguard for for people who really are in need of bringing close family members the current immigration rules are very restrictive it's also very complex procedure so

as you know, secretary perdue has mentioned that agriculture and ag products are the tip of the spear in any type of retaliatory action. but i just suggest that our agriculture economy certainly not in a position to absorb any spears at this point given the sensitivity of nature and kindness the downturn in the ag economy in place for longer than we would prefer certainly. can you reflect debate on assurances you can give us that the administration has considered rural communities, rural economies and our interests in considering what impact the tariff moves might have? >> well, as you know, i work very, very closely with secretary perdue and work very hard on getting the defects going again to china, worked very hard on trying to open up some of those markets in south america and work hard to deal with the sugar problem from mexico. so it's not that there's any lack of focus on trying to help agriculture. i would also mention in the context of the question of your colleague from florida, the work that we've done trying to work on the seasonal as opposed to annual measurement of agric

appointed by secretary perdue, last august, she has dedicated her career, a mission in food safety. in this position she oversees development, implementation, enforcement of all regulations, policies and procedures. she has held various leadership roles at the food safety inspection service where she spearheaded strategic plan to help fsis implement and move the agency forward with strategic planning that was science-based, and help the agency make science-based decisions. her vision has led to increased awareness and engagement of the agencies public health mission for the 9000 employees she works with. please join me in welcoming deputy undersecretary carmen rottenberg. [applause] thank you cary, thank you, thomas and thanks to all of you for having here today. secretary perdue really wanted to be here today and, unfortunately, other travel that he had prevented him from doing so but i'm really just thrilled, thrilled that you all have me. you know, i have three children and are constantly eating out of house and home, and i also visit i am in charge of -- regular product that has

secretary perdue really wanted to be here today and unfortunately other travel he had prevented him from doing so. i am really just thrilled that you all have made. you know, i have three children who are constantly eating me out of house and home. and i also obviously i'm in charge of ensuring the safety of egg products in the regulatory agency sfis that has jurisdiction over those products. i often tell people that providing food, producing food in ensuring safety of food is something i think of all the time. food policy community is a small one domestically and internationally and this is a really exciting time to be here with all of you here today. i want to talk to you a little bit about what i see as intersections and crossroads as how we look at the work we do in the food policy space. i'm hoping you think about that as you move through the next couple days. thomas talked about many of the individuals here. academics, industry food reducers and the manufacturers, retailers, students, consumer advocates, lawyers, doctors, veterinarians, commissioned corps officers. i cite commissio

secretary perdue, let's start with you. we have heard about the terrace. you talk about the retaliatory tariffs.li do you think th consideration of the measure should factor into any recommendation on the tariffs or trade? >> we know how much steel it uses do you think and updated study would use the federal construction that considers the impact that they would have for the domestic supply could be helpful? would an updated study on the amount going to the constructions help us in determining the cost of the deterrent. would a steel tariff, have you had a chance to study whether the proposed tariffs would increase the cost? >> i haven't looked in detail about what is going to be the final. there is no study on the cost of building pipelines in the united states under a 25 or 10% tariff. does itt show the imposition of the steel or aluminum tariff showing net positive impact on the overall labor market yes or no? did you consider the impact of the trade actions against the united states when you recommended the position of the tariffs? >> i recommended alt

later a hearing on the president's 2019 budget request was sonny perdue. >> are podcasts takes us beyondthe headlines to explain in depth, one significant news story shaping the conversation in washington and around the country. we'll hear from journalists, policymakers and experts providing background find it on the free radio app and i to google play. an online anytime at c-span.org. >> next, report on the security of the country's infrastructure. committee members to questions from reporters at this 30 minute briefing. >> good morning. >> good afternoon. if you had the flight i did you think it was so morning too. i think everybody for being

companies that make motorcycles, bicycles, and there were reports of agricultural secretary sonny perdueecause of the backlash against american companies who depend on exports. >> this is a very difficult issue for that reason. the concerns being raised right now is the fact that essentially the move to put 25% tariffs on steel and 10% on aluminum to protect those industries will ultimately have a deleterious impact on other industries, and those that steel and aluminum, automobiles, appliances in the concerns surrounding retaliation particularly in agriculture sector that has come canada to china. one thing i do want to bring up is the issue of the wto. in the clip that you played, secretary wilbur ross as well as representatives from the european union mention the world trade organization that's really causing a lot of the imbalance in our ability to negotiate their trade agreement. a bilateral approach may be a better way to go about this than a widespread across-the-board tariff. cheryl: i want to stop you there because here's the thing. maria bartiromo asked stephen mcgeechan -- mnu

we heard from senator perdue that president trump is open to changes on tariffs announced last week.ix has reversed earlier gains and is losing ground for a third session. two reels unchanged for the moment -- materials unchanged for the moment after seaside to the session. cvs healthcare.gov one of the largest -- cvs health kicks off one of the largest bond offerings. emerging markets are doing pretty well, gaining the most since march of last year. david: return to mark crumpton for bloomberg "first word" headlines. mark: it looks like there will be another court battle over daca. a federal judge in maryland says the trump administration's decision to the need to the program that protects undocumented immigrants from deportation was lawful. judges questioned the decision. it increases the chances the issue will end up before the supreme court. house speaker paul ryan has called on the president to back away from his plan for broad international terrorists. ryan says a different solution -- brought international tariffs. ryan says a different solution should be found to prevent a tr

omnibus spending bill in half of them did it for the right reason like senator tom cotton and david perduend ron johnson and a few others. so maybe we can run them to president. >> for not being in charge, this isn't so bad for priority. >> the democrats in order to get us military spending demanded a massive increase in nonmilitary spending. the president made the decision this time that was worth it because military spending, given what is going on in iran, north korea, venezuela, russia, all around the world we are using sanctions. we need to make sure we have a military that has the necessary resources. >> i was president trump's treasury secretary defending the president's decision reiterating what the president himself said on friday that this $1.3 trillion budget needed to be signed in order to protect the military. here is what democratic leaders say imus said about the bill right before and after a pass. the fact that they don't control any houses in congress and they also don't have anyone sitting in the white house. on the whole, this bill is pretty good for their priorities. >>

later there is a hearing on the president's 2019 budget request with agriculture secretary sonny perdue. ♪ our podcast, c-span's "the weekly" takes you behind the headlines to explore one significant news story shaping the conversation. you will hear from journalists, policymakers, and experts providing background and context. app it on the c-span radio as well as itunes, stitcher, and google play, and online at c-span.org. next, another hearing on the president's 2019 budget request. , whoone with ben carson faced several questions about a 31,000 dining room set that was purchased for his office last year and later canceled. the house appropriations subcommittee hearing is just under two hours. >> the subcommittee will come to order. good morning everyone. we welcome secretary ben carson from housing and urban development to discuss the fiscal year 2019 budget. hard to believe we are discussing 2019 when we have not finalized 2018. past,ave stated in the you have one of the most difficult and important jobs in the country. i think our country is blessed and fortunate to have somebody w

later in the day, a hearing on the president's 2019 budget request with agriculture secretary sonny perdue. next, another hearing on the president's 2019 budget request, this one with housing and urban development secretary ben carson ao faced questions about $31,000 dining room set that was purchased for his office last year and later canceled. this hearing is just under two hours. [gavel pound] >> the subcommittee will come to order. good morning. today we welcome secretary ben carson from the department of tosing and urban development discuss the fiscal year 2019 budget. hard to believe we are discussing 2019 we have not yet finalized 2018. mr. secretary, you have one of the rest of gold and important jobs. i think our country is blessed and fortunate to have someone with your level of commitment, so we are grateful for what you are willing to do for our country and we want to thank you. our mission is to create strong and sustainable inclusive communities and quality homes for the american people. i this mission is by no means an easy task. manages -- -- had hud manages many funds that

perdue -- non-secretary carson is under scrutiny. >> i believe that was actually canceled. -- and takeneringse, from explain the pattern of draining the swamp? >> the president says he takes spending tax dollars seriously. all of those are under review and i cannot speak to it further . >> can use plain how this behavior is conflicting with the president's directive to drain the swamp. >> they are under review and once completed, we will have more information. president said opinions were wanting to come back. asi can only tell you we are committed today as we have ever been to the peace process and we're going to continue having those conversations. >> he sees a lot of things that everyone else are not seeing. >> i wanted to ask about breaking news, the transformer campaign aide refusing a subpoena. the present may have done something during the election, but doesn't know for sure. >> as we've said many times before, there is no collusion. anything further on what his cannot are, i certainly speak to him or her and a lot of knowledge. >> i'm not going to weigh in to someone who doesn't work

they will play top seeded villanova in the east semis with perdue and texas tech in the other game.the midwest kansas will face clemson while duke will take on syracuse and in the west region after a buzzer beater michiganwolverines will face texas a&m and gone discalla -- gonzaga faces florida state. kentucky takes on kansas city and nevada takes on loyola, chicago. >>> stanford women's basketball team will try to make it to the sweet 16. they host 12th seeded florida gulf coast. cardinal team was on point saturday easily defeating gonzaga at home and they are hoping to careity momentum into the game. tip off is at 6>> the stanford men are on the road in still watter to take on oklahoma state. they played a nail biter last week but came out on top. today's tip is at 4 in the afternoon. number one seeded st. mary's takes to the court in the nit as well and they blew out southeastern louisiana in the opening game last week. now st. mary's hopes for the same results as the huskies are in town. that is scheduled to tip off at 8. >>> a new service for earthquake fans. they are offering

there's been this whole time with all these trade questions within the administration, secretary perduehas been pushing back on this, a lot of senators from other states have been pushing on this trade war because of the the way it will effect farm products. trump is basically decided to do the tariffs on steel because he thinks it will help a tiny sliver of his base. if the price goes up on all these things orb china decide not to bring u.s. products over there t going to affect another part of his base. >> he's also looking at a kplaigs on the market. >> nobody whose an orthodox republican in terms of trade policy like this trades policy. i've talked to donors to the president who don't like the trade policy and have let him know. the audio that we were able to hear the other night from when he was doing campaign've in missouri, when he talk about trade at length, you could hear a fork drop in the room. >> so not exactly why would applause for that? >> right. when you talk about these markets you talk about today going up, like a frog in boiling water that doesn't notice what's going

nervous, but we still, you know, have a lot of faith and in this administration, and the secretary perdue who is a big voice in the room with the president talking about nafta, you know, when you start talking about nafta and it makes the other countries nervous, we have seen mexico buy a little corn and rice in some places, and we can't even get canada to even talk to the administration about the dairy programs that they have. they have some 200% tariffs on the dairy products that we have going into canada, and so the fair trade is what we want to work with for, but so there are a areas in the nafta that needs some work, and we would support that. but all in all as a whole, it is a wonderful trade treaty for us, and we don't want to do any harm for it. we want to do what the president says, do better for us. but every time we have discussions with those the countries or the other countries about trade and we talk about any particular barrier going up whether it is a tariff on the steel the or aluminum or anything like that,ly immediately get phone calls from my counterparts in other coun

the commissioner that he decides when day to slaughter and sell his chickens, that usda secretary perdue might want to talk to him. last year some food policy advocates were a little disappointed when yet another medical doctor was nominated to head the fda. the concern was that dr. gottlieb would focus only on the drug and medical products and neglect the app, which is food. these concerns, however, were unfounded. and just his first year commissioner gottlieb has shown that he is a vigorous supporter of implementation, a passionate proponent of the important role nutrition plays in health and he has committed to improving the effectiveness of food recalls. before handing the mic over to dr. gottlieb, i'd like to leave him with a challenge. psalm 28 years ago, hhs secretary louis sullivan addressed this very conference. he said the grocery store has become a tower of babel, consumers need to be languished scientist in mind readers to understand the many labels they see. well, eight months after that speech congress passed the nutrition labeling and education act. so, dr. gottlieb, we ar

for example, when sonny perdue and wilbur ross are together they're called, sonny boo boo. [ laughtersteve: oh. >> jimmy: that's true. >> steve: yeah. that's true. >> jimmy: this is all real. >> steve: these are all facts. >> jimmy: these are all facts. >> steve: yeah. >> jimmy: next, when linda mcmahon and steve mnuchin are together they're called, mncmnmuchin. >> steve: really? >> jimmy: rolls of the tongue, just rolls of the tongue. >> steve: wow. that's what they call them. >> jimmy: next up, when ben carson and sarah huckabee sanders are together, they're called napple bees. [ laughter ] >> steve: hey-oh. >> jimmy: and finally, when betsy devos and mike pence are together, they're called devonce. there we go. we have a great show tonight. give it up for the roots. [ cheers and applause ] ♪ ♪ [ cheers and applause ] >> jimmy: guys. we have a huge, huge show tonight. two of my favorite artists of all time are here together to talk about the brand-new single, "the hamilton polka." lin-manuel miranda and weird al yankovic are on the show! [ cheers and applause ] >> steve: oh! come on

president trump first started talking about pulling out of nafta, alawilbur ross, it was ag secretary perdue who showed up in trump's office with an electoral map of all the counties trump won and said sir, you are going to hurt the counties specifically that voted for you. so if we see us take these are i haves that are supposedly going to hurt china it doesn't make any sense. the president is right, in corporate america, would agree, china wages an economic war against us. they do steal our intellectual property, but doing what he's going to do is only going to hurt us and i want to give you a few numbers, because it is the red states, it is manufacturing and agriculture. i think we have the numbers. we can pull it up. u.s. exports to china in 2016, farming, 21 billion, aircraft 15 billion, electrical machinery 12 billion, and cars 11 billion. if that even seems too abstract, let's take to you your mom and my mom and the big box stores, they like to go to, because a letter came out from 49 of the country's biggest retailers, and in it they are arguing these tariffs would hurt working famil

david perdue is here. former cia middle east officer will hurd is here. former whitewater independent counsel robert ray is here and senior strategic analyst retired general, four-star general jack keane is with us. don't miss a moment of it. let's kick it off with our top story. the dow and the s&p 500 finishing lower for the third session in a row over renewed worries following reports that president trump may soon hit china for steep tariffs and investment restrictions in response to an alleged intellectual property theft. i told you about that over the last couple days. stocks came under pressure at the commerce department said they would get new exclusions to tariffs on imports of aluminum and steel. james freeman, let's talk about that. the president is priming for a showdown with china. we've been talking about what china has been doing and that is transferring to elegy from the u.s. to china and acquiring companies with the most important industries that tomorrow like a.i. and robotics. >> and also outright theft. this kind of a legalized theft wh

participating in the rural america task force that's made up of cabinet secretaries and convened by secretary perdue over at usda. secretary shulkin: ok. so thank you for both those questions. it is essential v.a. maintains the most contemporary approach to prosthetics and orthodics. this needs to be a foundational service for us. and i do believe the research funds needs to be moving us towards those contemporary technologies. i was this past week at the las vegas v.a. i asked about this. i met with their team. they are using the laser you and i e way that talked about and that is the best practice. we are making sure we are learning what new therapies and diagnostic approaches are out there. as i mentioned we are working with 3-d printing. we have recently developed a new prosthetic arm with darpa and so it's exactly this type of focus we need to be doing and i will make sure we are using the very best technologies. but we do work with private doctors who are constantly telling us new ways to learn and we are committed to that so thank you for that on the telehealth services, as you know in fiscal

. >> senator perdue. >> i echo and support most of what has been discussed today. i chagrined that is chagrined that it's taken us this long to get to this point but it does have the quick question mr. norquist. how long will it take to get an opinion in the weakness deficiencies? when will we get a clean amendment? >> senator i don't know. >> what is the range of expectations? >> the benchmark i use the homeland security took 10 years. the number of weaknesses came down steadily. >> it's your expectation we have an estimate of the number of significant deficiencies etc. and their remediation could take years but how long will it take to determine what work we have to do? >> the bulk of that this fall when the auditors finish their first audit that i would anticipate in the second year they will be able to go deeper and cover more things. we will see the vast majority of the findings we have seen? i can imagine walmart calling the irs and saying i'm sorry the quarterly statements are going to be in this year. 10 years are outrageous. we have got to find a way and t

perdue: asterisk question, how will we get to a more reasonable burden on the industry that still manages the risks you are concerned with? to -- the big is improvements we think we made our higher liquidity, stress testing and resolution planning. those will continue to apply to the largest, most complex institutions in the strongest form. our effort is to tailor that at we did a lot of tailoring along the way, but we are no going back through each level to make sure that we got that tailoring just right. needs to be done of them bank and many have much simpler business models, they are much more traditional banking, different regulatory structures should apply to each company. isthe only thing i would say somebody who worked in a firm that helped prepare stress tests results, it still is unimaginable to me how a properly tailored environment could result in 60 or 100,000 pages of missions. there has got to be a better way to do it even if it is that the high end of the spectrum, and i look forward to you all continuing to look at it and right size the risk. >> senator jones. >> i would

. >> senator perdue. >> i'm looking up gambit over year in the meantime. [laughter] i have a question you've mentioned in your opening comment before and demand is up and i happen to believe we will be north of the 3% gdp growth. i think you made those comments publicly as well. but the low-interes low interese environment in the last decade has shown a proliferation of the new and he for the new initiatives in the developing world. just this year alone there's almost $2 trillion of that developing world debt coming this year and about 15% of that is denominated in u.s. dollars. do you see as the normally is great in the u.s. in the dynamics between inflation and unemployment but the impact that could have on the developing world could in effect have some systemic risk not only on the global economy that on our own recovery? >> what we can do is we can be transparent and predictable and the markets can therefore understand what we are doing and be ready for it. i think if we do that, we deserve tools for the stable prices and maximum employment here in the