executive orders enforcing our immigration laws, focusing on deregulation and this entire approach to reorientinghe federal government to follow the law and to reduce burdens on the american people is what we've started with and what he has clearly laid out is committed to and what we'll doing in the future. >> last week president trump said that he quote unquote inherited a mess. that may have been a rare understatement for president trump, but i want to know how bad was the mess? >> so this is something i think everyone understands going into the election, those of us working in the transition learned more of and now that we're working in the government, it becomes clearer by the day what a terrible mess the obama administration left to the american people. again, obamacare is a clear example of that. clear example of that. i'm sure all of you have followed the problems with obamacare. more than 25% premium increases last year. health plans pulling out of the market, reduced plans, reduced options. that is a huge mess that unless this administration is able to work with congress to pass, repeal

. >> dana: is this just yet another reminder about why we have to reorient our priorities. this is the budget that mr. trump's asked for because this is what he thinks he needs. do you think he'll meet much resistance? >> no, i don't think he'll meet much resistance. we ran on saying we needed to rebuild our military. we need to get the assets that are required to our fighters and intelligence and law enforcement agencies so they can keep us safe. the president is changing that policy. we want to make sure that we give the military the budget they need to do their job. >> dana: the other breaking news story is the house intelligence chairman said he has been legally brought new information that says there might have been incidental collection that rounded up conversation over at trump tower during the transition. let's take a listen to him and get your reaction. >> from what i know right now, it looks like incidental collection, we don't know exactly how that was picked up, but we're trying to get to the bottom of it. i believe it was all done legally. i think it was all ob

now, you have to retrain these men or reorient these men so that it is seen and many are being reoriented. for a boy living in the inner-city, he's born up no the merit --rom from the way men have been brought up in america forever and that is to equate manhood with money. havefore, if you do not money, you do not do what men do. one of the things men do with money or resources is marry and have children. it's frightening because they often have many children without a knowledge and those children. about lack anything children, if you think they ought to have the same fair chance in life you and i have, you have to do more than say let's deal with this when they get in school. let's make sure we get plenty of programs from congress. you have to deal with the fact people are not forming families. these families are what brought you through. it used all its power. , at least thetime government said that handouts are available to blacks also. you can get social security if , ifare black or white, yes there was a death of the male partner or he left, you would not be left to carry and you wou

family research council says there's no place for brutality, but insists what he calls sexual reorientation can work, disputing leading medical groups and the u.s. surgeon general, which say that such therapy is not effective and may cause harm. >> no, i don't agree with that. >> reporter: you think it is sound? >> i think it is sound. >> reporter: and that it does not harm the people who are put through this therapy? >> that's correct. with teenage boys and girls it's probably the most likely to be effective, because their sexuality is still developing and therefore they're less set in their ways. >> reporter: six months earlier, sarah had been taken by her parents to another christian facility, this one in indiana, for a three-day session with her parents and a christian counselor. >> she kind of just said, "either you change or you don't get to go to heaven," kind of made it, like, an ultimatum. >> reporter: now sarah was stuck at the facility in texas. heartlight says it does not practice gay conversion but does warn the parents of lesbians, on its website, that "doing nothing only allo

medicaid funding has pulled from those in has intended to help for those able-bodied americans into reorient of money were it is meant to be placed part of a health care reform as well. but the president ran on his tax reform proposal in the campaign but you will look back to see he created in that so we will settle for far less. and also takes into account energy investment and explosion of energy and clean coal certainly natural gas with the traditional and energies. we have also said that nothing is made in america any more. now is off our shores we become an independent independent, self-reliant and reno what happens towns and states start to develop their own sources of job creation so in terms of tax cuts to be fair focused of the fact that those entrepreneurs feel they cannot grow more attractive and retained of workforce and the president has been very up-front that the regulatory framework is suffocating to many american job creators but this is the president that the job holders and the job-seekers. and then the job-seekers but the vast majority of households are looking for tax re

pastor peter sprigg of conservative group, family research council insists what he calls sexual reorientationpy with spirituality can work. >> with teenage biz and girls, probably most likely effective because their sexuality is still developing. and therefore, they're less set in their ways. >> even though leading medical groups and u.s. surgeon general say it is not effective and may cause harm. >> no, i don't agreen with that. >> you think it is sound? >> i think it is sound. >> it does not harm the people put through the therapy? >> that's correct. >> heartlight in texas says it does not practice gay conversion but does warn parents of lesbians on its website that doing nothing only allows her to sink deeper into a lifestyle that god warns against. but help was on the way for sarah thanks to her cousin. ♪ there's change coming >> reporter: a small town texas boy making it big in show business. this was jeremy jordan in campaign. we started a go fund me page. it basically told sarah's story. >> family members of a gay teen want her out of a christian boarding facility. >> within like a cou

he wants to reorient policy and help u.s.il and coal producers. >> we have a limited a devastating anti-coal regulation but that was just the beginning. today i am taking bold action to follow through on that promise. my administration is putting an and havee war on coal clean coal, really clean coal. juliette: president trump will be briefed on various ways to implement comprehensive tax code changes. he will be presented with possible options by a group of officials including the head of the national economic council. according to three people with the meeting. colmar's in australia have halted a third of output from the countries biggest coking coal producer region. as the remnants of cyclone debbie continue to dump rain on queensland. glencore are among the producers that suspended operations for a total of 12 mines. it was the worst to hit since 2011. it helped price -- push prices to record levels at the time. global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. this

he wants to reorient to help u.s. oil and coal producers.ave eliminated a devastating anti-coal residue -- regulation but that was just the beginning. today, i'm taking bold action to follow through on that promise. my administration is putting an end to the war on coal. clean coal. really clean coal. juliette: call miners and austria have hot -- halted a third of output from the biggest coproducing region. that is as the remnants of cyclone debbie continue to put down rain in cleveland -- queensland. storm to hitst since 2011 which helped put prices to record highs at the time. global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. you can find more stories on the bloomberg at top . the focus inas australia. you did see a lot of buys coming through. i might ninelosing of 1% to a two-year high. have a look at the nikkei, it is pretty flat on the close. was lower. three quarters of the index traded without rights to dividends. you are seeing some upsides in the h shares. nikkei and focus

. >> they had a year to kind of reorient, and, of course, amazingly because of the way the amendment was written, you could purchase as much alcohol as you wanted in that year before and you could store it. so they did very good sales leading up to prohibition. and a lot of basements became very full. >> and at 8:00, on the presidency, former nixon administration officials discussing the 37th president's post white house years. >> he said it in that -- in the east room speech, it is only a beginning always that this was -- that this whole post presidential period is an exemplar of the nixon resilience and spirit and discipline and dedication and patriotism. >> for our complete american history tv schedule, go to c-span.org. >>> monday night on the communicators, we visit the state of the net conference and speak with matt lira, senior adviser to kevin mccarthy, and lee ordif, co-founder of cyberreason, about how companies are addressing questions about privacy and cybersecurity. >> the disruption by technology is so fundamentally challenging, our entire economy, and government has no

kind ofhey had to reorients, and of course amazingly, because of the way the amendment was written, you could purchase as much alcohol as he wanted in that year before, and you could store it. so there were very good sales leading up to prohibition, and a lot of basements became very full. at 8:00, former nixon administration officials discussed the post-white house years. >> he said it, is only a beginning always. that this whole postpresidential period is an exemplar of the dedication,ence, and patriotism. >> for our complete schedule, go to c-span.org. announcer: the united states entered world war i on april 6, 1917, when congress voted to declare war on germany. the conflict was already in its third year. more than 4 million american men and women would eventually serve ni

anticipated preparing for one kind of political policy environment, it wasn't very difficult toy quickly reorient ourselves to prepare for a different one, one that i think at least for the industry and with the new commission actually holds opportunities for us. so that's kind of the way i reacted. >> host: let's bring in lydia prom bloomberg into our conversation. >> host: mr. paul to turn again to the agencies to lead, duspeak more specifically about the opportunities and what change in leadership from democrat to republican mean to your industry? >> guest: i think our industry and be personally have a deep admiration and respect of -- asending to chairman championship means they spent years deep in the understanding of the institution, years understanding the issue, so it things can start happening quickly. it's not a lock leadership training, learning curve, not a lot of getting to knowow and learning the staff and how the agency works which can take six months of just getting things rolling and things roll because they're familiar. i think that the commissioner -- the chairman is more in li

anticipating preparing for one kind of political policy environment it wasn't very difficult to quickly reorient ourselves to prepare for a different one, one that i think at least for the industry and with the new commission, i think actually holds opportunities for us. that's kind of the way reacted. >> host: let bring lydia of bloomberg into the conversation. >> host: mr. powell, to turn again to the agencies to lead, can you speak more specific live about the opportunities and what the change in leader from from democratic and thrown industry. >> guest: i think we have a deep admiration for pi. i'm a fan of somebody who has been the committee for a long period of time, ascending to the chairmanship they've spent years underring the institution and the issues. the first thing it means things can happen quickly and not a long litership -- lead leadership training curve, learning the staff and how he agency works which can take six months of just getting things rolling. things roll right away because their familiar. the that commissioner -- chairman -- i tech he has a very committed understandi

called climate change a hoax and once to reorient policy to help oil and coal producers.the beginning. today, i'm taking bold action to follow through on the promise. my missed ration is putting an coal.o the war on cold -- debbie has weekend after crossing the queensland coast, but not after halting 20% of coal output. about 50 million tons of production is on hold, the equivalent of 20% of sellable output. global news, 24 hours a day, powered by more than 2600 journalists in more than 120 countries. i am paul allen. this is bloomberg. thank you. reports from japan say toshiba's file fornit is set to bankruptcy today. s&p ratings has lowered toshiba to triple c minus and saying it could fall farther. the corporate ratings agency director joining us now. great to have you. we know there is a hole in toshiba's balance. we know about the 6.2 billion dollars write-down but we don't know how big of a hold this is overall for the company. give us an estimate how much cash toshiba needs to raise. >> thank you. yes, we estimate -- it is quiet challenging to calculate but, based

price the elderly, pregnant women, disabled and onto able-bodied americans who again, if you want to reorient the money to where it was meant to be placed, then that is private healthcare reform as well. moving onto tax reform. healthcare needs to be at first and then tax reform. it's not like we are sitting around waiting saying as soon as healthcare is that we will charge a taxpayer that president ran on his tax reform proposal in his campaign. he will go back and say he is going to create 25 million jobs over 10 years. in his tax policy presumes about fourercentrowth some years because somehow we settle for far less than that as a nation. he does not think we should be settling. it also takes into account energy, and really take into independence and explosion in energy being natural gas and all the traditional energies. he also said that know you always hear from people nothing is made in america anymore. all energy is. it is beneath our feet and brochures. it is time to become more independent, self-reliant and we also know what happens when you - when you look for your own energy source

anticipated preparing for one kind of political policy environment, it wasn't very difficult to quickly reorient ourselves to preparing for a very different one, one that i think at least for the industry and with the new commission i think actually holds opportunities for us. so that's kind of the way i reacted. >> host: let's bring lydia beyoud of bloomberg into our conversation. >> so, mr. powell, to turn again to the agency you used to lead, can you speak more specifically about those opportunities and what this change in leadership from democrats to republicans, from tom wheeler to ajit pai as chairman, what does that mean for you and your industry? >> guest: yeah. i think our industry ask me personally have a deep add hi ration and respect for ajit pai. i'm a bit of a fan of seeing someone who has been at the commission already for a meaningful period of time be ascending to the chairmanship. it means that they've really spent years deep on the understand of course the institution, years understanding the issues. and so the first thing it means is things can start happening very quickly. t

trump has called climate change a hoax and once to reorient policy to help u.s. and coal producers. we have already eliminated a devastating anti-coal regulation, but that was just the beginning. today i am taking bold action to follow through on my promise. my administration is putting an end to the war on coal. we will have clean coal, really clean coal. paul: elon musk one a vote of confidence from china with tencent buying a 5% stake in tesla 41 $.8 billion. the cash will be useful as tesla introduces the model three. tencent has been investing in technologies reshaping the auto industry, including right hailing apps and artificial intelligence needed for cars. hong kong international construction investment management proposes to issue shares on a two for one basis, saying proceeds will be used to repay funds for purchasing land near hong kong's former airport and for funding future investment opportunities. has weakenede after crossing the queensland coast, but not before halting al output. bhp and glencore have suspended operations at a combined seven mine

probably need to say it looks, we couldn't get rid of all the subsidies of obamacare, but we will reorient the health care system toward freedom, toward an individual choice, washington is not going to dictate it. i think you'll find a way to support it. >> jon: a lot of people buying the plans they want, not with the government tells them they have to have. >> he doesn't some things, even though he's not politics. he can talk about regulation in the way it crushes business in a much more compelling way than most professionals, so that was encouraging too. >> jon: thanks for coming in. >> melissa: president trump vowing top measures to fight terrorism, the white house says a newly revived executive order on immigration and travel is imminent. we'll talk about what changes may be on the way. >> president trump: our obligation is to serve, protect, and defend the citizens of the united states. we are also taking strong measures to protect our nation from radical islamic terrorism try alka seltzer heartburn relief chews. they work fast and don't taste chalky. mmmmm...amazing. i have heartburn

. >> i think this idea of sort of reorientation camps is part of the mythology that has been ilt up aroundst. >> reporter: they don't exist? >> if you know of any, i found tangible evidence of any, i would like to see it. >> where is brother gary? >> reporter: so watch this video, recorded by a "20/20" undercover the bless inside, a chorus of teens singing hymns.♪ our undercover team included the actual mother of a gay teen from washington state, accompanied by abc news producer brian epstein. >> well, imade it.? >> repor meet with the himself brother gary. executive the so-called disenfranchised youth. >> i know we talked on the phone previously. >> yes, ma'aat my main concern is that my son believes is a homosexual. >> i've had some boys who come in the program. told me the same thing you've told me, that he says he is queer. one way get a handle on it. you know, this boy here homosexual. >> during his preaching sometimes, brother gary would say to t that's just queer. what are you, queer? are you a faggot, son?" >> reporter: one former teacher, rodney pinkston, said he warnearrived to b

. >> but they had a year to kind of reorient. and of course, amazingly, because of the way the amendment was written, you could purchase as much alcohol as you wanted in that year before and you could store it. so they did very good sales leading up to prohibition. and lot of basements became very full. >> and at 8:00, on the presidency, former nixon administration official discussing the 36th president's post-white house years. >> he said it in that east room speech. it's only a beginning always. that this was -- that this whole post-presidential period is an exampleler of the nixon resilience and spirit and discipline and dedication and patriotism. >> for a complete american history tv schedule, go to c-span.org. >> c-span, where history unfolds daily. in 1979, c-span was created as a public service by america's cable television companies. and is brought to you today by your cable or satellite provider. >> the house energy and commerce subcommittee on over sight and investigations examined the opioid epidemic and the federal re

secretary, can start talking jobs, i think that will satisfy bernie's desire to have the democrats reorientto the grassroots. dagen: juan williams -- >> you're a pleasure to do business with, thank you. dagen: always good to see you. >> nice to see you. dagen: coming up, what u.s. senator just called kim jong un a crazy fat kid? ♪ ♪ dagen: the cradle of liberal nonsense, berkeley, california, has passed a resolution to impeach donald trump. and you know what that means? a whole lot of nothing! absolutely nada, niente. [laughter] berkeley is the third bay-area city to call for trump's impeachment. the town's mayor says trump has violated the e moll you meants clause which bars lawmakers from profiting off foreign governments. my panel's back, kno meek key, katie and brian. please explain this to me. >> i think it's great! all great trends start at berkeley. [laughter] >> oh, gosh. >> birkenstocks? >> i can't think of one. dagen: patty hearst getting kidnapped? >> that's kind of fun. >> she didn't start that there. i think, you know what? you've got to take a stand, and if they're on the righ

faster, create more jobs, in particular, legislation that david perdue and i have that would try to reorientur legal system away from mass, and unskilled immigration which has had such an effect on working-class wages in america and moving toward high skilled and ultra high skilled immigration as president trump has said he wants to do. >> bill: we will get to that in a little while. did you ask president trump if he had any information he would like to give you as a member of the senate intelligence committee backing up the assertion that president obama tapped the trump tower? did you ask him about that? >> no, bill. we talked about the economy, taxes, immigration. >> bill: were you curious about that? >> our inquiry and review on the intelligence committee is moving forward at a good pace. we just got access to a lot of very important documents that would otherwise be very restricted. point out that it was the trump administration that gave us that access, not the obama administration paid so by the level of cooperation we have received has been very thorough. >> bill: i would hope so. >>

. >> but they had a year to kind of reorient. and of course amazingly because of the way the amendment was written, you could purchase as much alcohol as you wanted in that year before and you could store it. they did very good sales leading up to prohibition and a lot of basements became very full. >> 8:00, form ir nixon officials discussing the post white house years. >> he said it in that east room speech, it's only a beginning always but this was -- this whole post presidential period is an exem particular of the nixon resilience and discipline and dedication and patriotism. >> for a complete american history tv schedule, go to c-span.org. >>. >> the national association for business economics held their annual policy conference in washington, d.c. this portion offers a presentation by neil cakashkari and former secretary during the george w. bush and obama administrations and compared current financial industry conditions to the 2008 financial crisis. this is 45 minutes. >> all right, good afternoon, everyone, welcome to our

you look at the mistake that barack obama made with obamacare, it was pushing through a massive reorientationthe american health care system without a single, not even one republican vote. that's a mistake. the republicans simply are not going to get anything passed here unless they have a buy-in from a few dozen democrats in the house and at least two or three democrats in the u.s. senate. they need to do that. and there is no reason not to do that. when we have done major reforms in the past that have been successful, things that have changed america for the better including welfare reform in 1996, which provided more liberty, less government spending, more individual choice, that welfare reform was signed by bill clinton. it was signed by newt gingrich with significant democratic support. and that's the kind of reform that's needed here. i think the american people are longing for it. i think that president trump talked about that kind of leadership. and rather than focusing on breitbart, for instance, breitbart has always hated speaker ryan. they've been going after speaker ryan obsessive

does the president reorient his own west wing staff? there's been any of that? the president needs to ask director comey if anyone in the white house is under investigation because they have to be separated out and tom remembers watergate and if anyone is they have to go and reince priebus isn't and paul ryan has to stay and they need to listen to mccon pell upon i think he's right. >> they choose from former administrations and people who know the town. this is what happens when you staff your team with ideologues and people from right-wing media world rather than people who know anything about running -- >> there's nobody in there with legislative experience beyond pence. >> i don't think the problem is ideologues and i think the problem is lack of experience on capitol hill. for the president it's, you know, he doesn't understand the policy details. for paul ryan, i think it's been the story of this that's been undertold is he didn't sell this well. he didn't talk to journalists beforehand or the policy community, and i think that was perhaps the biggest flaw

secretary, can start talking jobs, i think that will satisfy bernie's desire to have the democrats reorientto the grassroots. dagen: juan williams -- >> you're a pleasure to do business with, thank you. dagen: always good to see you. >> nice to see you. dagen: coming up, what u.s. senator just called kim jong un a crazy fat kid? the communist nation is fuming. the panel returns to explain, next. ♪th ♪ you got it. just say show me millions of used cars for sale at the all new carfax.com. but, i don' want one that's had a bunch of owners just say, show me cars with only one owner pretty cool it's perfect. that's the power of carfax® find the cars you want, avoid the ones you don't plus you get a free carfax® report with every listing start your used car search at carfax.com ♪ ♪ dagen: the cradle of liberal nonsense, berkeley, california, has passed a resolution to impeach donald trump. and you know what that means? a whole lot of nothing! absolutely nada, niente. [laughter] berkeley is the third bay-area city to call for trump's impeachment. the town's mayor says trump has violated the e moll

reorient. year to because of the amendment was written, you could purchase as much alcohol as you wanted in that year before. you could store it. they did very good sales leading up to prohibition. a lot of basements became very full. >> did anyone here go to yale? lisa: and willing to admit it. >> they had a 16 year supply of liquor in the 1920's, membership had its privileges. jeffrey: how effective was prohibition? i saw a statistic that drinking fell by something like 70%? at the same time, enforcement was lax because there was only 4000 federal agents, some were dismissed for corruption. how is it possible that drinking decreased? joshua: i have the numbers close to 30%, but it does drop off. in part because it becomes more expensive. it was always possible for people, if you belong to a club, or you know the secret password, it was always possible to get alcohol. with the supply being shut off it became more expensive. to be fair, we think back on prohibition as being somehow regressive b

does the president reorient his own west wing staff? there's been any of that?ebus -- >> the president needs to ask director comey if anyone in the white house is under investigation because they have to be separated out and tom remembers watergate and if anyone is they have to go and reince priebus isn't and paul ryan has to stay and they need to listen to mccon pell upon i think he's right. >> they choose from former administrations and people who know the town. this is what happens when you staff your team with ideologues and people from right-wing media world rather than people who know anything about running -- >> there's nobody in there with legislative experience beyond pence. >> i don't think the problem is ideologues and i think the problem is lack of experience on capitol hill. for the president it's, you know, he doesn't understand the policy details. for paul ryan, i think it's been the story of this that's been undertold is he didn't sell this well. he didn't talk to journalists beforehand or the policy community, and i think that was perhaps the bi

does the president reorient his west wing staff? has there been any of that?ince priebus stay? >> the president needs to ask director comey and anyone in the white house is under investigation, and if they are, he has to go. but reince priebus and paul ryan need to stay. they need to start listening to mitch mcconnell. >> new presidents usually bring in people who know the town. this is what happens when you staff the west wing with idealogues. >> i think the problem is a lack of experience on capitol hill. for the president, it's, you know, he doesn't understand the policy details. for paul ryan, i think it's been the story that's been told is, he didn't sell this well. he didn't talk to journalists beforehand or the policy community. and i think that was perhaps the biggest flaw, and the biggest mistake. >> t biggest knock you hear on paul ryan, and it rings true, tom, an incredible policy wonk who hates politics and he took a job that was all politics. he knew he wasn't as suited for it as others wanted him to be. >> i think he's been really wounded in all

does the president reorient his own west wing staff? there's been any of that?ps priebus -- >> the president needs to ask director comey if anyone in the white house is under investigation because they have to be separated out and tom is beyond pence. >> i don't think the problem is ideologues and i think the problem is lack of experience on capitol hill. for the president it's, you know, he doesn't understand the policy details. for paul ryan, i think it's been the story of this that's been undertold is he didn't sell this well. he didn't talk to journalists beforehand or the policy community, and i think that was perhaps the biggest flaw and the biggest mistake. >> the biggest knock you hear about paul ryan that it rings true, tom is here is this incredible policy wonk who hates politics and he took a job that was all politics. he knew he wasn't as suited for it as others wanted it to be. >> the president put his arms around it, but i think he's been wounded in this quite honestly and nobody else wants that job and quite surprised, however, and i hesitate to u

a reorientation of the chinese economy. that is why we put up the risk radar.sian equity markets under pressure this morning. manus: check in your 10 year government bond yield, 2.75%. the global chief investment officer have put a new position, get involved in bonds. very strong auction last night in the u.s.. does this offer value to you? a big slump in oil prices yesterday, down by more than 5% in the session to the lowest since early december. bloomberg first word news. d: surging last month, the fastest since 2008. also prices of .8% higher from a year back. course, thetory of outlook for global reflation. u.s. based cbt industries exploring. to people familiar with the matter, the largest company is working with advisers to study a transaction that could involve acquiring a part of axle. in market evaluation of $26 billion. declined to comment. let's move things along and have a look. deutsche bank, two of the biggest venture -- investors. the royal family and china's group are considering boosting their stake in the bank. a spokesperson for the bank decl

they really -- you can see they do need to utterly reorient what their mission is and what they do and would think that their job ought to be finding the next leader of this party that's cracked apart. and that seems to be a roll that they were not planning in '16. >> to talk about that i want to bring in somebody that you guys are familiar with, former pennsylvania governor ed rendell. governor, thank you being with us. former, we should point out, head of the dnc. you have been in this position, govern governor. california governor jerry brown said he wouldn't wish this on anyone. tell me what you think about the shakeup of tom perez at the dnc asking for resignations. what do you think? >> good morning. i think the resignations are somewhat ordinary. they need to change the culture. we've become a party that's focused just on our individual constituencies trying to piece them together in a winning coalition and we've been a big donor party. we have to change that, we have to reach out to the ordinary american. the reason howard dean was the second-best chairman in party history was

that's good for the economy overall in terms of reorientation toward exports and manufacturing, but forhe consumer, it does mean higher import prices . anna: how long will that take? >> exactly. you are going to inevitably see pressure on domestic consumption until the production capacity can offset that, and you aren't importing the goods. the list to say, this has been a -- needless to say, this has not been painless. matt: we are looking at the pound right now, which i believe has just had the weakest month in 30 years, as far as an absolute level of where the pound is trading. do youget any worse, or think all the bad news is priced in? >> well, i think it can always get worse. i don't want to predict where it is going to go, but to a degree that the negotiations are contentious, to the degree you see a harder brexit, you are going to see that reflected in weakness in the pound, because that is how the economy will adjust, it is how the economy remains competitive. thatworth pointing out something you didn't have in the eurozone -- those economies had to adjust in a much more diffic

. >> just another reminder we have to reorient our priorities if you're looking at it from a president trump perspective that this is the budget that he asked for because this is what he thinks he needs. do you think there will be much resistance? >> no. i don't think he'll meet much resistance because we all agree with that, and we ran on saying we need to rebuild our military. we need to give the assets that are required to our war fighters and to our intelligence and to our law enforcement agencies so that they can keep us safe. we are bringing offense to isis. the president is changing that policy in a very constructive and important way that we've been waiting for, and we want to make sure that we give the military the budget they need to do their job. >> all right. and the other breaking news story today is that the house intelligence chairman says that he has been brought -- legally brought new information that says that there might have been is incidental collection that rounded up conversations over at trump tower during the transition. let's ta a listen toim and get your reac

he reoriented the office of the d.n.i. to focus on intelligence integration with an emphasis on mission. he often was willing to roll up his sleeves and take on the hard challenges of trying to, for example, get all the intel community to operatives on -- operate on the same i.t. backbone system. if confirmed i have encouraged senator coats to build upon clapper's efforts which are built upon making sure policy-makers, war fighters and national security officers receive intelligent products that are timely, relevant and objective. of course, if confirmed, director coats will take on the job as the nation's chief intelligence officer, leading the intelligence community during a very difficult time because, unfortunately, this president, along with his closest advisors, has repeatedly and unfairly disparaged the professionalism and actions of the nation's intelligence professionals. these are men and women who maintain the highest standards of professionalism and integrity they sacrifice for their country often in the face o

and china a big target of that change trades are an important issue and it takes a long time to reorient do one off things, and and a lot of what we talk about in monetary policy, 18 reince, and in that timeframe trade is 5 years. neil: many of your colleagues say three more hikes this year. i know you don't share that view. what would happen if we got three more? >> a bit of overkill, you might see long-term rates come down. you might see inflation expectations fall, you might see slower growth. you might see dampening on the economy. we could do something else. we could get the reinvestments policy to end and the balance sheet to normalize. it started out and $800 billion, it is very large, relatively benign environment letting it come down. we are ready to see. the dow down 21 points, and what that could mean after this. yes? please repeat the objective. ♪ thrivent mutual funds. managed by humans, not robots. before investing, carefully read and consider fund objectives, risks, charges and expenses in the prospectus at thriventfunds.com. at crowne plaza we know business travel isn't j

trump has called climate change a hoax and wants to reorient policy to help oil and coal producers. >'ve already eliminated a devastating anti-coal regulation but that was just the beginning. today i'm taking bold action to follow through on that promise. my administration is putting an end to the war on coal. clean coal, really clean coal. president trump will be briefed later on various ways to implement comprehensive tax code changes. he will be presented with possible options by officials including gary cohn. that is according to three people familiar with the meeting. francois fillon's wife penelope has been charged in the fake jobs probe. that is according to reports by french media outlets citing unidentified judicial sources. her husband has been charged with graft, which he denies. calls to penelope fillon's lawyer were not returned. blackrock is said to be shaking up its struggling unit by cutting jobs, reorganizing funds, and lowering fees. according to a person thin milieu with the matter, the revamped moves money into cheaper offerings with some fees cut by about half. th

backlash socially, you have a political movement boiling up that is really dangerous, it can cause a reorientationing very astute at where our foreign policy leads. it is already in the energy sector, bolstering large infrastructure investments. i think this balance of where you go with them -- and on the border, most of the mexicans agree that the border is to be adjusted for passporting, for fees and allowing both labor and goods to pass in a more responsible way. if that happens, if you have 2% admissions and a billion dollars a week, if you took $100 billion of just passing remittances and were more efficient by 3% you have paid for whatever virtual law you have to everybody's benefit. i think it is critical and it is dangerous. david: you interviewed the man who would be negotiating for mexico. he had a fairly aggressive tone. what kind of pressure does the mexican president feel? >> enormous political pressure. he is in his last year. next year there are elections which puts a timetable on it, making it important to get something started once donald trump get some people in office who can ne