let's say that it gets a pull from that to $50 million pot from steve cohen.roup performs, he would get 10% of the return. scarlet: we are trying to show assets under management. the quantopian strategy is gaining a lot of steam. betweenthe difference traditional assets and these new startups? dani: to preface this, this turns into a huge semantics thing. to really differentiate, there is a difference between factors, which is size, momentum, value -- these classic things, if you took a warren buffett, he is essentially investing in value. these --quantopian -- they are looking at a bunch of other things and trying to find trading strategies. joe: fascinating story. everyone should check it out on the bloomberg or bloomberg.com. i am going to go sign up. [laughter] thank you very much. up next, we will hear from the ceo of the latin american e-commerce giant on how he is competing against amazon. this is bloomberg. ♪ joe: "what'd you miss?" the world economic forum in latin america is underway in buenos aires. some of the world's biggest companies are in atten

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it's not a given that gary cohen and steve mnuchin says it's that stimulative. we just don't know. >> they have a big balance on their sheets. one of the big issues in america is wages. we're almost at full employment, but the disparity between what ceos and their employees get paid has never been greater and a new tax plan does not address that. >> let's talk about the politics of this. donald trump promise aid tax plan, as you well know, on the campaign trail. he's come out with quite an ambitious one. is this just meant to show his base that he has big ideas, and he wants to fight for them, and if it doesn't work, it's not his fault? >> i think this is actually unlike health care something that donald trump cares deeply about. he understands tax cuts and loopholes and deductions. there was a sense that he wanted to do this. first he basically just sort of wanted to do health care to get it out of the way to make way for tax reform. you saw that obviously didn't go that well. but no, i think this is more than just showing he's keeping his campaign promises, al

. >> well, there was always a rub between steve bannon and gary cohen, who is donald trump's top economiciser, and that was really a matter of policy. steve bannon is an ar dadant nationalist and cohen is a liberal democrat and has much more of a globalist perspective. that's the worst word you can use in steve bannon's lexicon. the rift with jared was more unexpected because steve bannon actually built quite a strong relationship with both jared and ivanka throughout the campaign and some of his allies were kind of taken by surpris in thet couple of weeks. understanding the way it's been described to me is that it was as much about personality and steve bannon's kind of burn it down, blow it up style as it was about policy. obviously jared kushner is much more liberal than steve bannon, but this has as much to do with personality as substance. >> gary cohen his name floated around potentially to replace reince priebus if he were to lose his gig as chief of staff for the white house. also in your reporting this week bannon saying to associates, i love a gun fight. how much of this was get

steve mnuchin and gary cohen unveiling exactly what donald trump wants to do to affect the biggest taxverhaul in u.s. history. here is what we know so far. it calls for lowering the business tax rate to 15%, doubling the standard deduction and repeeling the estate tax or death tax. here was chief economic adviser gary cohen just moments ago. >> we have a once in a generation opportunity to do something really big. president trump has made tax reform a priority, and we have a republican congress that wants to get it done. the president is going to seize this opportunity by leading the most significant tax reform legislation since 1986, and one of the bigax

reporter: earlier, we saw the press conference with gary cohen and steve mnuchin delivering the details. were two headlines for businesses. there will be a one time repatriation tax on overseas profits. the white house is calling it the biggest tax cut in corporate tax history, from 35% to 15%. >> under the trump plan, we will have a massive tax cut for businesses and massive tax reform and simple vacation. we will lower the business rate to 15%. we will make it a territorial system. we will have a one time tax on overseas profits which will bring back trillions of dollars that are offshore to be invested here in the united states. taxrter: that repatriation could lead to fears that it could lead to a drop in revenue in 2 -- of two point $2 trillion in 10 years. it will cut the number of income tax rockets from seven to three. take a listen. going to cut taxes and simplify the tax code by taking the current seven tax brackets we have today and reducing them to only three brackets. bracket, a 25% bracket, and a 35% bracket. we are going to double the standard induction so that a married

here is the announcement from treasury secretary steve mnuchin and national economic director gary cohen. mr. spicer: obviously today we're here to talk about the president's effort to provide tax relief to both our corporations that will help grow jobs and to middle americans two people here to explain it, the director of our national economic council, gary cohen, is going

they went down there, the steve mnuchins, the gary cohens, the wilbur rosses, they went down there bauseheystand tax reform. they undstand big business. being held up, not being able to move forward because they're stuck with, well, the president doesn't want to release his taxes so the resistance is showing up, they're kind of saying, give me a break. this job is hard enough as it is. steve mnuchin did not want to have to come out and say, well, august looks aggressive. don't think we're going to get tax reform done then. many, many people voted with their wall et cetera. they wanted tax reform to happen. they were willing to hold their noses look the other way to president trump's behavior. but they voted with their pocketbooks. if he cannot get tax reform done, what can he get done? it's a matter of are you going to show your taxes, mr. president? it doesn't look like he is. and if not, why? >> stefr knee ruhle, a former and reformed new york-based banker thankfully now in the television business. we appreciate you coming by tonight. appreciate it very much. >>> coming up, remember that

treasury secretaries steve mnuchin and gary cohen will brief reporters at the white house. that's scheduled for 1:30 eastern. you can stream it on the c-span radio app. we heard about the tax reform from steny hoyer. we'll hear about the president's tax plan, we'll look at it but if it gives a huge tax break to the very wealthy democrats, that won't pass muster with democrats. the treasury secretary talked about the tax policy this morning in an event hosted by the hill" newspaper. [applause] >> thanks. well, we timed this event quite well, i think. well, mr. secretary, thanks for doing this. you met with republican leaders on capitol hill about tax reform yesterday. is the administration and republican leaders, are you on the same page and how confident are you this can get done this year? secretary mnuchin: well, first of all, thank you for having me here this morning. it's a pleasure. we've been meeting weekly with chairman brady and people at the senate on tax reform. so since the president has been in office, this is something we've been working on very closely. i thin

and 75 million for gary cohen. steve bannon the poor guy. i shouldn't have said that.llion. we knew this and learning more details. ivanka had a stake in the trump hotel when the documents were filed and now she has agreed to come out. >> with both jared and ivanka they are conflict of interest rules and the president does not. actually this is for ethics watch dogs who want them to be held accountable or have the potential for it that is not a bad thing. a good thing because it means there isn't a metric by which to judge. in terms of the wealth, you know, there have been a lot of wealthy west wings before. this is not novel and we have a businessman president. so that is not really a surprise. the difference is that this is a businessman president who adopted the populace language of the working class and queens-bred president in new york city. so i think the more you can sort of see the split screen of what people are worth versus what they are talking about, that is potentially problematic, depending on what he does in terms of policy. >> if he doesn't deliver on s

. >> it's been fascinating to watch president trump's political orbit, people like , ahael cohen and steve ago, that would have been far-fetched and now it seems there is more cohesion. wt is your meage dors when you walk out there? our message to donors as we have to keep the momentum. we cannot become complacent biggies we are heading into a midterm where already building a brett brown game. >> what are the stakes question mark >> we have the summit map or he of -- where we have 10 states where we have democratic incumbents and the rest are indiana, michigan, ohio, pennsylvania and then you have north dakota and florida and and you have states we can be competitive in and really pick up seats in the senate. >> north dakota is interesting because senator heitkamp has proven to be one of the democrats in the upper chamber who was willing to work with the white house. is that a political risk? do you want to keep some democrats who are shown a willingness to work across the aisle? >> they vote a lot with her democratic majority and they would vote for chuck schumer as their democratic leade

here is the announcement from treasury secretary steve mnuchin as a economic council director gary cohen. -- gary cohn. sean spicer never thought so : many people would be turning out for the iniquities act. >> good one. sean spicer i had to use it. : we're here to talk about the president's effort to provide tax relief to our corporations

treasury secretaries steve mnuchin and gary cohen will brief reporters at the white house. that's scheduled for 1:30 eastern. you can stream it on the c-span radio

treasury secretary steve mnuchin and gary cohen scheduled to hold a briefing this afternoon. plan to slash the tax rate from 35% to 15% for corporations as well as owner operated businesses. as lawmakers on capitol hill continue to reach a deal to prevent a government shutdown, we expect an update from paul wright when the house gop leadership holds a weekly news conference at 10:00 eastern time. president trump has signaled he may be willing to wait until september or next year to secure funding for a border wall. twitter is set to post this first-quarter earnings this morning. analysts say the social media company revenue is expected to fall 14% from the previous year. after two days of canes, 450 points for the dow to the upside. dow futures at 13. s&p futures are split lower. the nasdaq up three this morning. that's what's happening now. lauren: thank you nicole. details of tax cuts on capitol hill lawmakers raced over to government shutdown. joining us now, brad blakeman, former adviser to george w. bush. what the impact of the 15% corporate tax rate e.? >> it would unle

it was striking how often yesterday we heard from gary cohen and steve manchin and they said we just don't have those details right now. they feel like they started to address the conversation and get it going. >> peter alexander, thank you so much. this morning our friends at nbc's first read gave us a reality check as we approach the first 100 days, first, the sales tax cut that was the biggest cut ever. details tba perhaps not until august. health care, a major breakthrough for house republicans. conservative republicans in the freedom caucus are now endorsing that, but it is leading to defexs that are worried about the state's provisions. the president was planning to drop out of the north american free trade green as he promised in the campaign calling the leaders last night to say if they negotiate they would stick with the deal. joining me now, andy card, former chief of staff to president george w. bush. welcome both to you. two experienced pros. you not only were in the bush 43 white house and secretary of transportation for bush 41, but you were a lower level aid in the rea

cohen. >> yes, steve mnunchin, jared kushner. ivanka trump. but i'm not necessarily in terms of -- i think the 100 days. >> it feels like 100 years! [laughter] >> it is an artificial construct. if you look back, administrations in the past, you know.not necessarily lot that really happens in the first one days. i think we probably should try to talk this construct aside. because you know ronald reagan didn't sign his first piece of legislation until march 31. it was on a breakfast tray in his hospital remember he was shot. and it was two-part dairy price supports. george w. bush's first piece of legislation he son was i'm sure you'll remember, the whistleblower protection act. and that was in april. so there is not necessarily a lot that doesn't get done in the first 100 days. i think we are a little bit you know, recent memory, obama clearly because we are in economic crisis there was a lot that happened. the stimulus bill and i kind of handicap that one. because getting politicians to spend money usually isn't a heavy lift. but the auto bail

steve mnuchin and the national economic director gary cohen will be in the white house briefing room shortly to outline the president's tax cut goals. we'll bring that to you live. the proposals call for cutting the business tax rate to 15%. it would provide relief for middle income taxpayers. it would simplify the tax code by reducing the number of brackets from seven to three. earlier today, secretary can the mnuchin was asked how the administration will pay for this plan. >> the president and i and others in the administration fundamentally think we can get to 3% sustained economic growth. that's very achievable. tax reform is critical to it.p. regulatory reform is critical to it. we've been working very hard on the president's executive orders and we are focused on creating economic growth. >> and you've said that growth would pay for the plan? >> absolutely. >> for the record, many economists doubt whether growth alone will pay for these tax proposals. the white house tax plan is just one of the stories we're following right now. president trump lashes out at another federal jud

he did try to fire a man named ezra cohen watnick, and the white house, including steve bannon, intervened to keep ezra cohen watnick in his job. and now watnick has been named as two of the people who took intelligence intercepts that may or may not be related in the potential collusion with russia. they took those intercepts and fed them out of the white house for political effect. it's weird steve bannon's on the national security council, right? still, especially if the national security council is turning out to be the vehicle by which the white house is trying to kibosh the investigation. joining us is ned price. until mid-february, mr. price worked at the cia as a spokesman and senior analyst. before he quit that job. he's also in the past served as senior director at the national security council. thank you for taking the time to be here tonight. appreciate you being here. >> good to be here. >> so i highlighted the role of adam schiff here because he has been very aggressive in not just pursuing this investigation, but also raising questions about what the white house has done, ho

here is the announcement from treasury secretary steve mnuchin and national economic director gary cohen. mr. spicer: obviously today we're here to talk about the president's effort to provide tax relief to both our corporations that will help grow jobs and to middle americans two people here to explain it, the director of our national economic council, gary cohen, is going to walk through why we're doing what we're doing. and then the personal side of the tax. then secretary of the treasury, steven mnuchin, will walk through the business side and the corporate side of what the president is doing to bring jobs back to this country, to make our businesses more competitive, and help our economy grow. at the end, be glad to take questions on this. you are being provided a one-pager right now that provides the top level aspects of the plan. and then both the director and the secretary will go into further detail and take your questions. without any further ado, director gary cohen. mr. cohen: thank you, sean. good afternoon to everyone. thank you for being here. this is quite an historic day

he did try to fire a man named ezra cohen-watnick, and the white house, including steve bannon, intervened to keep ezra cohen-watnick in his job. and now ez ka cohen wa cohen-wa the top lawyer to the national security council have been named as two of the people who took intelligence intercepts that may or may not be related to the potential collusion with russia. they took those intercepts and fed them out of the white house for political effect. it's weird that steve bannon's on the national security count krishlgs right? still. especially if the national security council is turning out to be the vehicle by which the white house is trying to kybosh the investigation. joining us is ned price. until mid february, mr. price worked at the cia as a spokesman and senior analyst. he has in the past served as senior director at the national security council. appreciate you being here. >> good to be here. >> so i highlighted the role of adam schiff here because he has been very aggressive in not just pursuing this investigation, but also raising questions about what the white house has done, how

gary cohen along with steve mnuchin trying to sell us on the hill. have?everage will they up?riday's deadline come sahil: speaker ryan and senator mcconnell as well as orrin hatch in the senate and kevin brady in the house and the discussion will be on the tax plan. mr. cohen and mr. mnuchin are more involved in that than steering the ship on government funding. mostly appropriators in congress have been negotiating pretty well from what i'm hearing from sources. narrowing. are the wrench that was thrown into say wasmocratic aides by president trump and his officials demanding wall funding. the president put out a tweet this morning that seemed to reassure his base that he was going to fight for the wall. -- if democrats defeat him on the wall right now it's difficult to imagine them caving on a fight in september. a few more days left. an important thing that the white house needs to get done. backing off on the border wall settles that the white house does not have the appetite for shutdown. and kevinhil kapur cirilli. thank you. david durham will speak with wilbur ross live

. >> jon: on jon scott peered minutes from now, treasury secretary steve nugent and gary cohen the leader of the national economic council will unveil a blueprint for the trump vision for tax reform. much of the talk already focusing on lower rates for businesses as well as bigger standard deductions for individuals. chief white house correspondent john roberts joins us now with some details, john? >> good afternoon, just moments away from that briefing, this was the president's big-ticket legislative item, something that he ran on, something he promised the american people would happen should they elect him president. they are to be aspects to this, first as lowering taxes for u.s. businesses and corporations and lowering taxes for individuals. here's what the president is proposing when it comes to corporations. cutting the tax rate from the current 35% down to 15%. he would also cut rates for so-called pascoe or esco corporations, these are small businesses, some of them larger in fact that tax people at the personal tax income rates in some cases, this could go from s high as 39% down

here is the announcement from treasury secretary steve mnuchin as a economic council director gary cohen. -- gary cohn. sean spicer never thought so : many people would be turning out for the iniquities act. >> good one. sean spicer i had to use it. : we're here to talk about the president's effort to provide tax relief to our corporations that will help grow jobs and middle americans. two people to explain it, gary cohn is going to walk through why we're doing and what we're doing then the personal side. and secretary of the treasury stephen mnuchin will walk through the business and corporate side of what the president is doing to bring jobs back to this country, to make our businesses more competitive and help our economy grow. at the end, we'll be glad to take questions on this. you are being provided a one pager that provides the top level of the plan and both the director and secretary will go into further detail. so without further ado, director gary cohn. mr. cohn: thank you, sean. good afternoon to everyone. thank you for being here. this is quite an historic day for us and one

cohen. he said on friday there's been this august deadline of steve mnuchin and others talked about. gary cohen suggested august might not be the deadline. is this timeline getting pushed at this point? >> i don't think it's getting pushed. that still would be a great opportunity before they leave for august recess. we're gonna make sure that we do this right and do it with the input of all the groups and members of congress that have had a long time interest in doing this. and it is a big deal, right? you've got the ability for our businesses and industry to be more competitive in the global market. then you want to make sure you're providing middle income tax relief that creates economic growth throughout the country. >> americans are filling out their tax reforms for 2016 this time next year they'll fill it out for 2017. will they have a 2017 tax break? >> i hope middle income americans have a tax cut by then. sorry. i know. careful with that. >> this president then candidate trump was critical -- excuse me, was complimentary. now after seeing how russia reacted to syria, what does

cohen. i love steve and gary but he has to get behind these.for trade wars, he is going to create a lot of opposition. i will say this about the president. he is very good at supporting his base. he is in wisconsin making all kind of promises about jobs and promising coal miners more. he is supporting his base. can he govern, john? >> do you think he is repeating the ahca mistakes. some people say he didn't get into the fight over health reform soon enough. is that your argument? some might say he is multitasking, he has a lot of people doing a lot of things. >> he lacks focus. ronald reagan had focus. he got things done. tax reform is going to be the toughest thing we have. tax reform, we haven't done in 30 years. he is going to have to focus on that. he can't get distracted. he is filling all kind of ideas in the first 100 days. he hasn't gotten anything done. on tax reform, you asked about the 15%. let me say that is strictly a bargaining chip. maybe he wants to get to 25. he is a good enough mathematician he splits it between 15 and 35. is

cohen. >> we heard that steve bannon has what they say a demotion.hadn't happened yet. >> no, it literally happened five minutes after. >> you reported on the speculation about it some weeks ago. >> we had. my colleague peter baker and i had a role in this. had reported discussions going on about a revamp and change to that executive order that did the shift. including restoring the downgraded seats. it was not clear what would happen with bannon. that change was expected a week after that report. that was four weeks ago. the president has been chewing on some form of this change and back to older order on the nse almost since the moment he signed the initial executive order. the first about the nse and the travel ban. he was more upset about the blowback over the nse order than he was about the fallout from the executive order and immigration. >> david gregory, do we think that steve bannon has been sidelined? >> appropriately sidelined from the national security council. i can tell you from my c conversations that h.r. mcmaster was concerned about

cohen. they are the power center of the white house. it's no longer steve bannon and reince priebus. erging power center, gary cohen and jared kushner. to some extent, ivanka, who is there too. >> neil: charlie gasparino, thank you very much. we will get a pretty good idea tomorrow, the body language alone should be revealing. we will be live. now "the five" ." >> dana: i'm dana perino with kimberly guilfoyle, bob beckel, eric bolling, and greg gutfeld, it's 5:00 in new york city, and this is "the five" ." will america respond to yesterday's deadly chemical attack in syria? today president trump address the atrocity in a news conference with jordan's king abdullah. >> these heinous actions by the assad regime cannot be tolerate tolerated. when you kill innocent children, innocent babies, babies, little ba

by some in the bannon wing as the west wing democrats referring to jared kushner, gary cohen, et cetera. if steveme waning influence perhaps that indicates the rise of that more centrist thinking, if you will. will that push president trump towards the center from a governance perspective? that's kind of the question. it certainly makes for interesting days here at the white house, particularly when you have the president speaking to publicly about it, too, to multiple outlets today. greta? >> halle, thank you. back with me, margaret and nick. margaret, first to you >> if i said i like you, greta, but -- if i heard that, i think i would be very worried. because that "but" is the essence of that sentence. and a white house source told me today that bannon will probably get the message and resign. he won't be fired. trump doesn't like to fire people. and that, you know, when the door closes and jared kushner is in the meeting and he's not in the meeting, this message will come. and i heard halle in her report say, you know, steve bannon, the architect of the nationalist part of the trump agenda, tr

it is stephen bannon versus, what, steve mnuchin and barry column -- barry cohen?e wrote that story last week about the paul ryan kevin brady plan in the house. looks like the white house is just getting started with regards to formulating where they are in this is after the paul ryan plan that has been out there since last summer. it is kind of wait and see now. the backdrop is that the retailers are lobbying against this. to ask, what is the lobbying effort on the part of the retailers looking like? matt: it's a coalition of and automakers. the story that we just did today basically says that if you look at this is a boxing match, the early rounds have gone to the retailers. they got out early, doing public perception in a lot of cases, doing tv ads, saturday night live, they know that the president watches "saturday night live." it is still early and the big takeaway will be that nothing will be decided until the president comes down on tax reform. all right, matt townsend, bloomberg's reporter on how trump's policies are impacting global businesses. nation's, o

i'm going to say realistically, if he kicked steve bannon out of the white house, if gary cohen and dinantinue to ascend, he is going to go down to about 20%. because he is going to lose at least i would say half the base. >> he'll take a hit. >> well, if there is one thing trump doesn't mind is a fight. and i think overriding whatever might happen with -- if bannon leaves, is that to trump, trump is him. it is whatever he says. and, you know, he is a man focused on himself in so many ways. but second in importance to him is family. and family is -- he grew up running in a family business. that's really how he understands the world, how he knows how to run things. the only guy you know is going to be around for a while is jared kushner. bannon is expendable if he is not going to play along with the president. and i think stephen miller has figured that out and has shifted his chips on the table over to the kushner side. >> charlie, there is also reporting that steve bannon's press ascendance, which we're all partly responsible for, i suppose, angered trump as well, that he doesn't want p

steve bannon. the point you made about cohen-watnick, who reporting indicates mcmaster, the national security adviser tried to remove, went over his head to the president with the aid of bannon and kushner, got to keep his job. he's the person implicated in this nunes thing, which suggests there was precisely the problem on that nsc that harward had anticipated. >> if i were cohen-watnick, i would be tuning up my linkedin entry right about now because he lost a lot of his top cover with bannon. a lot of this i think is driven by the fact that bannon has been fantasizing about having this u.s.-putin alliance against the muslim world and thinking that the russians are our natural ally in this fight where we're going to sweep the brown people into the sea. i think that was something that is also suddenly in a different context because today the president reacted emotionally to the fact that in syria, you saw what assad and the protection he has been given by the russians, and now the protection he's been given by america's stated policy of, oh, he can stay. so i think there's been a real upset in that c

neil: gary cohen and steve mnuchin from a secretary-treasurer the united states are going to spell outgain in much greater detail than we've heard thus far what the administration wants to do regarding taxes that this will be big and unprecedented by almost any measure this generation. they don't exactly mirrored the administration is coming up with. very good to have you. >> thanks for having me. neil: the world seems to be coming to you. there are some big differences. not the least of which is where you pay for it, how you pay for it, do you pay for it as far as i can see import task switches your original plan. what do you make of that? >> this is an important day. one, america has waited a long time for the president to be in the house are willing on tax reform. you're looking at the numbers. that's important. maybe the most important take away from today's utah have the first serious step toward a house, white house, senate getting together in the same plan. it won't happen overnight but this today signals rolling up her sleeves doing the hard work all to deliver on tax reform. t

bannon and kelly anne conway, both senior advisers, include steve bannon and kelly anne conway, both senioradvisers, both multimillionaires. gary cohen. we are talking a staggering amount of money year. the white house itself says, we know these people are privileged. son sean spicer the press secretary said many of these people are blessed and very successful. but he said they have given upa successful. but he said they have given up a lot to become public servants. i setting aside of their assets. what has the reaction been from the american public? sean spicer‘s defence is that these are successful people, is that enough to calm them, not to be angry at the revelations? some people will be very pleased. and in fact they voted for donald trump because he is a rich businessman who has made billions for himself and he said i can do this for the country. there isa can do this for the country. there is a core of supporters who are actually very pleased that president trump and the people around him are business minded people who have made a lot of money. but there will be those asking, hang on, this is a bunch of millionaires in the wh

steve mnuchin and the national economic director gary cohen will be in the white house briefing roomutline the president's tax cut goals. we'll bring that to you live. the proposals call for cutting the business tax rate to 15%. it would provide relief for middle income taxpayers. it would

cohen. australia's gold coast. >>> warriors head coach steve kerr is out indefinitely due to chronic neck pain. what this means for the future of the team in the playoffs. >>> the threat of a government shutdown. white the proposed border wall could hold up negotiations between republication -- graham ulkins and democrats. >>> new numbers out from the department of housing on what nullifies as low income. in some parts of the bay area that could mean a six-figure salary. >>> no matter where you are, to each and everyone of you, a wide look at san jose international. the commute underway on the ground and in the air. we will talk about that. they are still experiencing delays. as we bring it inside, one thing we need to talk about, i just can't shake it. the city of san francisco, the county of san mateo, if you make $100,000, but is not enough. you are considered low income. dr think we make it to that point? >> it is hard to believe. you talk to food banks and other groups serving people, and they are surprised who is showing up to say we are struggling to get food on the table. anything that

as one reporter with gary cohen, the president's top adviser and steve mnuchin said what does this mean to a family that lives in the middle of the country that makes roughly $60,000? well, they'll get a tax cut. beyond that, there isn't any more detail. that's one of the challenges. you and i have been having conversations about the significance of this massive corporate tax slashing. it would knock it down to 15%. maybe most companies playing closer to 20 something. how do you pay for that? to answer those questions, still up in the air and even some republicans are conceding, we like what they're talking about. we're reducing revenue. you increase the deficit. steve mnuchin has said, growth will pay for it. how do the seventh republicans swallow that? >> the question then becomes, is it permanent? is there a way of dynamically scoring this so he is revenue neutral? and he is doing what you're saying. putting in ambitious growth. if they can't get to revenue neutrality, this only lasts for ten years and it disappears. i don't see that flying. i do not see enough republicans saying, we

martha: so the white house, trying to get congress to step it up on capitol hill, gary cohen will there be, so will steve manu chchin, and wednesda secretary of state will brief 100 senators, in an unusual move. the democrats and republicans will be together. getting a briefing from the secretary of state on the reality of the threat that exists from north korea. so as 100 days draws to a close, the president expected to going back to using his pen for several more executive orders over the course of the coming days, one of them emerging this evening. we are going to mention that in just a second. let's go to kevin cork at the white house, what can we expect over the course of the week. >> reporter: you're right, martha. a frenzy of executive orders here in the last week of the first 100 days in office, where president trump and i think this is also important to point out, in fact, by friday if it keeps it up, he'll have signed nearly three dozen executive orders in his first 100 days, that's the most since world war ii. now, there are a few that i want to run by you. the very first, i think arcs, a of p

we spoke about steve mnuchin and gary cohen in the white house, and they are talking about a new lastglass-steagall separating investing in commercial banking to some extent. that is goldman's signature hand here. is gary dimon going to wish he had taken the executive job? maybe that is why oldman is acting so well. -- goldman is acting so well. the inflationnow trade means something different for everyone on the planet currently. treasury yields have rolled over. do you need to see banks consolidate lower the way that treasury banks have? >> i would say yes after the move we have had. lot of the trump trade starting to unwind here. trump agenda has somewhat derailed or at least it will take a longer timeline than people expect. financials need to come back to earth a little bit and consolidate the gains they have garnered since the election. alix: you mentioned evaluation. you mentioned goldman -- you mentioned evaluation. you mentioned goldman. on a valuation basis, why would you not by goldman sachs -- not buy goldman sachs? ,> you are correct that it is in the financial sector, th

he did try to fire a man named ezra cohen watt nick, and the white house including steve bannon intervened. and now watt nick as well as the top lawyer at the national security council have been named as two of the people who took intelligence intercepts that may or may not be related in the potential collusion with russia. they took those intercepts and fed them out of the white house for political effect. it's weird steve bannon's on the national security council, right? still, especially if the national security city council turning outs to be the vehicle by which the white house is trying to kibosh the investigation. joining us is ned price. until mid february, mr. price worked at the cia as a spokesman and senior analyst. he has in the past served added senior director at the national security council. appreciate you being here. >> good to be here. >> so i highlighted the role of adam schiff here because he has been very aggressive in not just pursuing this investigation, but also raising questions about what the white house has done, how the national security council has behaved. he'

chief strategist steve bannon made about $2.5 million last year and gary cohen, trump's chief economic adviser and former adviser of goldman sachs netted more than $75 million. these are the assets that they had when they first walked through the white house doors before they were advised to devest certain holdings. >>> still ahead here on cnn newsroom, demonstrators storm paraguay's progress and they lit the building on fire. we'll tell you why they're so angry. >>> plus, protests and growing alarm in venezuela. but the president said he can fix it. we'll explain, next on "cnn newsroom." i'm only in my 60's. i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, it coul

reports are that mcmaster wanted to get rid of cohen watt kin so cohen watt kin took his case around mcmaster and to steve bannon. at that time bannon, the white house chief strategist, was also serving on the national security council. bannon had saved 30-year-old cohen watt kin's job by going straight to president trump for him. the president overruled general mcmaster and cohen watt kin stayed on board. let's remember this whole entire thing started back on march 4th with that early saturday morning tweet by president trump accusing president obama of wiretapping him. and all of this is leading to the perception by many that the national security council may be becoming too politicized causing yesterday's ouster of steve bannon from the national security council. now, the white house denies this. they say he was no longer needed on the national security council and that bannon was only there to watch general flynn and flynn, of course, is now long gone. yes, this is what the fbi and intelligence communities are looking at and it suggests that a lot of news from the last 24 hours is tied together. with

does this indicate the rise of someone like gary cohen, jared kushner and the fall of steve bannon. when you see these shifts some perceive as a shift to the center? >> there's going to be a rise and fall no matter what. this president continues to have this kind of apprentice mentality. i believe that there may be a shake-up before the 100 days because it seems so evident. he keeps talking and talking but, really, the issues are altogether encompassing but, yes, they are different. you have to remember, if this president is flip flopping, he's flipping now towards speaking with one voice with the world community. he's getting ready to go to the nato summit in brussels in may. he just met with the nato secretary-general and they were talking about terrorism. he can't flip-flop. he has to speak with one voice with the world community so that they can help with issues of russia. they can help with issues of north korea. so there may be some issues going on in the white house, but he has got to be consistent. once he changes, he's changed from who he was on the road to this person now,

economic adviser gary cohen pulled in around $75 million and steve bannon's income was about $2.5 millionperspective on this financial snapshot. we're joined by timothy neftati, salena and richard painter. so richard, you first. what do the complex holdings of these millionaires mean for government ethics watchdogs? >> well, they are more like billionaires than millionaires. i'm not sure what they're going to do for the middle class. so for example, ivanka and jared are going to have to stay out of anything that has a direct or predictable impact on the real estate injury. the banks are lending money to real staeestate. dodd/frank repealed all of that. they need to stay out of tax reform. and they're both going to need to stay out of trade because ivanka is importi ining clothind putting her name on it. very big issues that both of them have to stay away from. >> also has a stake in the d.c. trump international hotel and if the president continues to or does invite others particularly out of states people to visit that hotel, does that create a new problem particularly for ivanka since sh

about whether it would be really tough on china, go after, something steve bannon wants for the secretary of the treasury, gary cohende the white house, the economist from goldman sachs, they want a more traditional, they don't want a trade war with china right now. it could jeopardize the growth we have and the job progress we are making. >> patty, you want a quick last word? >> well, just on the tweets, i think you know, reading the interview this morning, this just really is unfortunate and sort of you know, disheartening that this president has no regrets about the tweets that he has given, whether it's the wiretapping, whether it's the 3 million illegal votes, whether it's on a day he should be working on the scotus confirmation and meetings with china, he's tweeting about a debate that happened in the election over a year ago. it's just as i said as a citizen disheartening. >> john and poppy, donald trump may view a clinker different than you and i may. that's the one thing we don't know in this white house. >> doug heye, david gergen and patty solis-doyle thank you very much. >>> the senate judiciary committe

. >> how would you like to be steve mnuchin and gary cohen trying to figure out how to navigate a taxorm package. >> looks like it's not going to happen. what about donald trump telling the "wall street journal," one of the most surprising things, we've got to get health care right. it's like nap pollian saying i've got to go back to water loo. the first time -- i didn't get the feel of the town, the smells, the sights, the stinging of gunpowder enough the first time i collapsed. i'm going back again. >> all right. still ahead on "morning joe," president trump reportedly congratulates -- >> no, don't do it. >> turkey's leader for a referendum. >> he's not turkey's leader. >> he's turkey's tyrant. >> to many of our allies. >> he stole the election. there needs to be a recount and yet trump is congratulating a guy who are stealing an election and seizing power for another decade. >> wow. we'll talk about that with the former u.s. ambassador to nato, doug loop. plus "wall street journal's" carol leon set. and atlanta mayor kasim reed on the special election north of the city. that's wher

i'm not going to argue policy, i'm going to say realistically, if he kicks steve bannon out of the white house, if gary cohen ascend, he will go down to 20% because he will lose at least -- >> he'll take a hit. >> half the base and if you lose half of 40 i'm not up on my common core math, but i think that's about 20, something like that. >> roughly. >> are you watching this -- well you tell me, as you're watching all of this unfold, because the look on your face as they were talking -- >> she's laughing, that's trouble. >> i won't grab any popcorn but i would say, i actually think it's not about personality. from my perspective it's about policy. donald trump went out and campaigned and campaigned as a true believer on issues like trade, strong populism on trade, chinese currency manipulation, he said he would take these strong tactics. on issues that -- >> that was one of his big applause lines for sure, yep. >> and nato as well. but i think on trade there were a lot of people who believed him on that issue. >> who might have otherwise voted for the democrats. >> who have voted for democrats. and within 100