steve mnuchin: thank you very much.irst, let me say it is a pleasure to be here with you on trip, as i amgn secretary of the treasury. and it is because we have had such an important relationship between our two countries that i thought it was important for me to stop on the way to visit with you and your team to have a bilateral discussion, so thank you, and i know that president trump very much looks forward to welcoming the chancellor tomorrow in washington, d.c. i was sorry the trip got delayed, so i was not able to participate in that yesterday. again, i would like to reaffirm we had an extremely productive meeting. we discussed a wide range of topics. reaffirm the strong partnership and shared views that we have between us. onspecially want to comment -- we both believe it is important for the u.s. to play an essential leadership role toward global economic growth, and i look forward to participating in my first g-20 meeting tomorrow, and look forward to participating with and other meetings with you. we also both

who is a steve mnuchin looking at?from what sources have told us, james donovan is already working in the building. he is the head of the recruitment or hiring team for steve mnuchin. he was seen doing the interviews for various positions in treasury. he's been offered the number two position of deputy secretary. until the announcement is there, anything could happen. david: we are looking at the g-20 finance ministers meeting next week in germany. the treasury goes and plays a big role there. thes unclear whether nominee for undersecretary of international affairs will be able to go. just the rules and the laws around people with security clearances and an ok from the white house. so far come it's unclear who is actually going to go. we hope the communication advisors will be on the plane. steve mnuchin is definitely going. besides that, we don't really know. >> you've got work on tax reform , the white house once a part of that. talks of scaling back financial reform. how much of that centers on not having enough peo

here's what steve mnuchin said at the conference. united states has had of the most open trading markets and ishere in the world, one of the largest markets of anywhere in the world, so the president is interested in making sure that our agreements are reciprocal, but they are fair and a reflective of making sure that the american worker is at least at the same playing field and can compete. anna: steve mnuchin arrived today for the two date g-20 meeting of finance ministers. trade is top of the agenda. let's head to baden-baden were matt miller is standing by. role for germany? they have to corral this g-20 on to the same page around trade. germany has taken over the presidency of the g-20 this year and one of the issues they will have to deal with is countries like italy, france, brazil as well as the european commission that want anti-protectionism language in the draft communique and countries like the u.s., objecting to that and in -- instead want the words free and equitable trade in the communique. with germany is trying to do

perspective,ropean steve mnuchin lending a different tone yesterday.pe have cognizance of what trump thinks of the eu and having to fight the quarter around the currency. i have the chart. this is u.s.-german trade balance. this from the u.s. perspective showing trade deficit with germany. very much a part of the conversation between the u.s. and germany. how does this move your world? this conversation on trading, these definitions on their sites, how does this move the euro? jeremy: a lot more than used to. the administration view is that a trade deficit is a good back to loss -- de facto loss for the u.s. and something that has to be remedied and we are having to look at, where is that flow likely to go if not to the united states? what is going to happen to these german manufacturers who have previously looked to these export markets. that is the brakes it has been putting on the expectations for the euro at the moment. strong dollar, weak dollar policy we are getting, the communiques out of the trunk administration about a weaker dollar, or full r

the goal of steve mnuchin now?i think steve mnuchin's goal is to provide reassurance that the u.s. is going to be an engaged member of the global, economic and financial community. i thought it was smart he had a bilateral meeting with german finance minister. chair ince minister is the meetings and the most important finance minister in europe, some might say in the world, and certainly the most experienced. i think the press conference showed they began to develop a relationship of mutual assurance that is important. steve mnuchin will also meet over 15 of the world's most important finance ministers, home he is not met before and some he has never spoken to before, so that opportunity in the larger and then in the bilateral meetings to discuss those elements of a successful global economy of free, fair trade, open investment, as well thatobal imbalances preceded the crisis and are still with us. deficits in the united states, low demand late growth in europe and japan, and the misaligned chinese currency. this i

we saw steve mnuchin. we saw the japanese finance minister.getting ready for a meeting which looks like it or a lessonciliatory contentious mood than we initially expected. there had been a fight brewing about the use of the word "protectionism." some consider that a loaded term. the u.s. wanted to use "fair and equitable" in regard to trade. it looks like they may come together and calm the storm in baden-baden just to appease the new team out of the u.s. guy: interesting. do you think the germans are doing this deliberately because angela merkel is in washington later today? why them not sure germans are being nicer. from conversations i had yesterday in frankfurt, there was just the idea that, look, the treasury is just putting together its team. some of its members haven't been confirmed by congress yes. let's give them some time. let's give them some space. there's no reason to make them feel unwelcome. i'll continue to cover things .rom here in baden-baden "surveillance" is next. this is bloomberg. "bloomberg markets: european open -- ♪

treasury secretary steve mnuchin

he said please to welcome steve mnuchin to downing street.ontinue to work closely together driving forward an ambitious agenda. how many questions will be on pound/dollar currency, how much on special trade, how much steve mnuchin saying why did you have to reverse part of that legit? they will have a lot to talk about in terms of the brexit. the treasury secretary will presumably have a lot of questions about that, and vice versa. philip hammond will want to know about the treasury's economic program, border adjustment tax, that kind of thing. this is not a policy meeting. i do not think anything of material consequence will come out of it. will diveg up, we into a discussion about where is the united states of america's federal reserve system. we will bring you peter hooper from deutsche bank and his optimistic assessment of where gdp is going. a agrees that there could be fate of rising interest rates to a good and better american economy. there is pushback on what we saw yesterday from a dovish fed and the idea in the bond market of lower

steve mnuchin can advocate policy.hat job at the federal reserve, that is the person who works on federal reserve rules for regulation. question aboutn why people don't want to do these jobs. on the one hand, people like jamie dimon are saying the but putting right people in place on the ground in washington to execute that sentiment is not happening. >> obviously jamie dimon is a big voice for the banking industry. let's see what was said earlier this week. they will getink substantial legislative change through the congress, except areas where there may be some midsized and smaller banks in ways that don't in any way undermine the regulatory framework. horizon, inn the the absence of legislative changes, do we presume regulators will enforce less stringently? >> yes. they can enforce less stringently, interpret things differently, it can be interpreted differently, but there is almost -- only so much flexibility there. if you want to do a wholesale awrite of the rules, it is bureaucratic and time-consuming process wh

steve mnuchin is asked to review the process for the too big to fail.s is bloomberg. ♪ david: this is bloomberg markets. trump's first 100 days area i am david gura. was urgingproposal the administration to rethink too big to fail designation will stop gop lawmakers -- designation. -- gop lawmakers that steve mnuchin needs to review the costs associated with a label under the dodd frank. jesse westbrook. treasury of debts treasury secretary -- treasury secretary can change it? jesse: he has authority. there is not authority under the biggest banks and they get the designation which subjects them to more regulation. other firmss under that have been designated through the process and probably recall metlife sued the government to get out of the burdensome constraints. to get electric sold off under it. the senate republicans want probably more firms to get out of these constraints or never put in them in the first place. designated inre now you have lawmakers writing a memo. what is new and a memo from these lawmakers? i can imagine there's opposition to

treasury secretary steve mnuchin has a problem.et his management team approved by the white house. according to people familiar with the matter, trump's aides say steve mnuchin's picks are too liberal or to wall street. is --g us now with more who covers the treasury department. why can't steve mnuchin stack up his department? ,s it a more difficult problem staffing treasury, then staffing other departments? sayingproblem that he is is something we see across agencies in this administration. he specifically is having trouble getting his top list through the white house. plenty ofes he have candidates to choose from? do we know if there are people applying for jobs at the treasury? >> he had been conducting a lot of the meetings. he has jim donovan from goldman sachs to view -- goldman sachs who he had would like. he has his choice for international affairs and possibly just a music from whoan stanley, years ago, may be undersecretary of domestic finance so he does have people in mind but he is struggling to get the approval from th

here's how steve mnuchin responded to me. quote, senator wyden, by the way, i want to thank you for a now and great esteemed of having the mnuchin rule with both the buffet rule and the voe car rule. i take that as a great climt, said mr. mnuchin, the nominee to head the treasury department to me. sounded pretty thrilled by it. he reiterated the mnuchin rule multiple times since the hearing, but here's the problem. the numbers do not add up and i'm sure we've got press folks in the audience. you can see articles written that go taubl aftble after tabl table that show how the mnuchin rule is broken giving tax relief to the fortunate by hundreds of billions of dollars, paid for by taking insurance coverage and tax cuts for health care away for working families. i'm still waiting to see on the affordable care act debate what happens to those tax changes, but in the earlier bill in 2015, the republicans in the house took away the medicare tax change. now, the medicare tax change is particularly important because everybody in ameri

that steve mnuchin said they do want to have one global platform. they want everyone on the same page. they want to get through this final dazzle free negotiation sticking point, with regards to global bank regulation, and figure out one set of rules that all banks can act according to. many staff members are going to switzerland today and tomorrow as the finance ministers come to brussels for the euro group meeting that will happen today and tomorrow. anna:ma matt, thank you so much. matt miller. 6:09 in london. joining us here in london on set, allen higgins. morning to you. >> good morning. anna: the week after g-20, trying to put together the things we have heard about, or not heard about, things that were included or not included. the delegates kept everyone waiting a very long time for their communique, and they dropped this reference to ensuring that there aren't barriers to protectionism -- that there aren't protectionist barriers, sorry. is that material to you, that they took so long? >> presumably the u.s. simply said no. for us, the mark

i mean, did this move the needle on the things that steve mnuchin spelled out with me? told you this before, neil. he doesn't see things through an ideological lens. in transaction -- neil: infrastructure spending and tax cuts. yeah. >> hhe is a negotiator. and i think what he's going to do is see there's building public support for us to be growing again, produce jobs again, having rational borders, having the immigration policy that's not only talking about, you know, being welcoming but also talking about an immigration policy that has american workers in mind. you know? and so how we do immigration is going to be smart because it's going to be in the interest of the nation. he knows that we have a birth rate problem, challenge to keep us on a growth spurt. but that doesn't mean that we have to let anybody in, regardless of the harm that they would do, people who are already here. neil: what did you saying is they'll be j lined and nothing intimidates like success; right? >> absolutely. neil: if you've got some successes behind you, let's say you have a tax cut behin

at this hour the markets are going parabolic plus his interview with secretary steve mnuchin pauly -- pushing it even higher. right now i think the height of the high of the session up 355 points for the dow. we are crushing it once again. we are just about there. and 37 is a high of the session. so what's driving. aside from the president's speech we have to figure out what it affected. it is up more than 3%. about three and half% at last glance in there we have it. of 3.58 percent for that. here is what a promise will do for you. industrial is going nuts over the president's infrastructure demand not a reality yet. the plan in a hoe. the cranes that are made in america coming up my exclusive interview with the ceo. on what it could mean for his company i want you to look at apple. it's at an all-time high earlier today rumors have been trickling out about the next one i ready. there may be new products in the pipeline. the shares there are up one and half percent. it is expanding into mobile ordering and delivery. remember i told you about domino's pizza doing very nicely on mobile

president trump meeting with steve mnuchin to walk through options.ign promises was that he would cut capital gains dividends. joining us from the white house is the chief washington .orrespondent, kevin cirilli steve mnuchin and donald trump what shouldind on be done. can they gather troops in the house? kevin: steve mnuchin meeting with president trump at the white house. he will be the point person on getting across comprehensive tax reform. that is a bold goal. he wants to get it accomplished by passing it through congress ahead of the august recess. that is a tall order because the committee process on this issue has not started. republicans are divided on issues, including which rate on the corporate tax to lower the corporate tax rate to, but also the border adjustment tax, the $1 trillion revenue that will allow for more tax reductions in other areas. any republicans, not only in the house freedom caucus, are very opposed. nejra: on the border adjusted tax, it is unclear where trump stands. the administration is divided. one of the officials o

melissa: especially based on what we heard today from steve mnuchin. if they really get out there and get it done by the august recess. that makes all the difference. david: i believe steve mnuchin. melissa: we appreciate your time. major rally on wall street. the dow closing up more than 300 point. we'll take you back to the floor of the new york stock exchange for more what you can expect tomorrow. david: what exciting days these are. plus repealing and replacing obamacare. the president backing a health care tax credit but not all republicans are on board and republican leadership needs every single one of their votes. california congressman tom mcclintock how all of this gets done. melissa: president trump delivering what many call his best speech ever. even mainstream media giving him kudos. that has some democrats seeing red. "town hall"'s guy benson weighs in next. >> we're one people with one destiny. we all bleed the same blood. we all salute the same great american flag. and we all are made by the same god. [applause] melissa: changing the to

treasury secretary steve mnuchin last week sat down for an interview with journalist mike allen.sident'sed the trade agenda, overhauling the tax code and health care bill. the interview was from before house speaker paul ryan

directly third gerry connolly and steve mnuchin -- gary cohn and steve mnuchin. i believe collaboration will win. finger-pointing won't. there are solutions to problems. what do you want the outcome to be and how do we get there? i think we will have a civic society collaborating together. i think some of these business are the finest institutions on the planet. we take care of people in clients. before the crisis that we were trying to help people. we want toake sure do a job helping to grow and helping the economy to get better. francine: a lot of banking ceos are terrified that if donald trump deregulated wall street too much you're not on a level playing field anymore. think it's a good thing. there has been criticism and some are legitimate. at the end of the day when steve mnuchin, they will where things that make sense for everybody. we want a level playing field. american banks of far more capital. i was the european banks to thrive. if the european banks don't thrive, europe will not thrive. to me the regulators should really look at those things to help

mnuchin. steve steve: we're one of the largest markets in the world, one of the largest trading partners in the world it. trade has been good for us and other people. having said that, we want to re-examine certain agreements. francine: let's bring in our tragedy and f f.x. joined by steve kean in a second. always a pleasure. what will drive currency, will it be binear elections outcome, free trade against free trade or will the market be a lot more physical sticted. >> a number of factors is playing out. f.x. will be an important one. no surprise the french election in april or may. the central banks remain very important. i think what we are seg now is a bit of a overreaction to the fed last week. maybe we can discuss that. regarding the g-20, certainly not the happiest moment in the history of the g-20. i'm more worried about the step back of our climate than about trade. on trade, listen, there's no real surprise and knew that administration is not happy with international trade and the imbalanc

continuing white house internally, steve mnuchin and others have been on buttoning it down. the senate has one. the house has one. if you had gone through this obamacare debate and reform ask repeal, that would have probably consumed all the oxygen in washington through the summer. now, senator mcconnell said a couple weeks ago, you won't get to tax reform until after the august recess. and he is somebody who knows about this. my point is we can start working on tax reform this coming month. april, may, june, july, and part of august. you got almost five months to get a tax reform thing going. that's a new timetable which helps lower small business tax rates. it has to be a good thing. >> larry, it's dan. i have to ask you. you've been an adviser to the president, very constructive on his agenda. you are obviously disappointed what he chose to attack first. he just said the party is very fractured. at what point do guys like you get off the bus? he is an empty suit and he is unable to do the things that he would have been on and then think about a different direction? >> wel

here is what steve mnuchin said on saturday.we are one of the largest markets in the world appeared we are one of the largest trading partners in the world. trade has been good for us and other people. having said that, we want to re-examine certain agreements. depiction ofe what stephen mnuchin and president trump are getting at. this is one of our bloomberg charts, 4785. in the top half, the blue bars show services. we tended to run a surplus in services. it is good. it is manufactured items where the deficit with the u.s. and the rest of the world is so vague, -- so big. you can see it has been much arrower. position onhis new trade is being expressed to the g-20. yvonne: what was the response from some of the officials on the communiquÉ? >> throughout the summit, there was some frustration expressed. it is clear these guys are new. stephen mnuchin has only been in office a couple of months. obviously has the german finance doesn't have ahe mandate yet to sit down and negotiate. towardsrrison was kind steve mnuchin and said h

steve mnuchin is the treasury secretary, and if you want to see that hearing, and explain some of those questions that he his testimony, you can go to c-span.org and you can see that hearing and you can see the whole thing and judge it for yourself. we talked about the white house and its activity, this week. congress with a busy week as well, particularly when it comes to a world of health care. joining us on the phone is a liza collins of usa today. collins of usa today. can you give us some insight as to what the plan is for this replacement for the affordable care act? ?ny details guest: there are not any details right now, but there have been reports that they have plans to introduce their bill sometime this week. they have been working with the white house to come up with something that is a stark contrast of other things that have been rolled down. apparently they have been working very well together and senate majority leader mitch mcconnell has promised it will get through the senate and passed by the april recess. we just all know what is in the bill and conservatives have alr

secretary steve mnuchin says the white house is on track to get a bill passed by the august recess. he says he's been working on a proposal for the last two months starting from scratch and revamping the entire tax code something that hasn't been done in decades. the cornerstone, three tax brackets depending on income levels. currently there's six. these give huge cuts to the wealthy, smaller relief to the middle class, but the president said recently he's thinking of a fourth at 0% meaning they would not pay any tax at all. reducing the corporate tax rate. the current 35% though few companies actually pay that due to deductions and other tax moves. the administration has thrown out a variety from 15 to 25%. and discussed bringing cash back to the u.s. from overseas. this will be a monster undertaking. >>> president trump expected to announce a new white house office to be led by top aide and first son-in-law jared kushner an staffed with business offices. white house office ameriof amer innovation. the "washington post" reports the office will be an aggressive idea factory dedicate

announcer: treasury secretary steve mnuchin on conference of tax reform. >> the goals of tax reform, which are about creating a middle income tax cut, about creating personal tax simplification and making u.s. businesses competitive, where we have a very high business tax rate and worldwide income, we're able to take the tax code and redesign things. announcer: pfizer ceo ian reid. >> no one is using our medicines in the exchanges, because the exchanges don't provide them access. i think we do need to reform the health care, the way it is delivered, and the consequences will be with patients. announcer: and scott pruitt on environmental policy. >> there are exciting things going on with technology across the globe. there are exciting things going on, but not here. most of it is happening in europe, presently, because of the disincentives we have put into play with respect to nuclear. if you care about these environmental concerns, nuclear ought to be in the mix. announcer: c-span programs are available at c-span.org, on our homepage, and by searching the video library. announcer: con

ahead of that meeting, a meeting with steve mnuchin in berlin.ery i think europeans are dependent on having good international relationships and trade goods and services. it is how the european union has evolved. coals founded as a cold -- and steel unit but has expanded. trade benefits both sides, and will be the message of an inward looking policy, particularly from the largest trading partner of many countries, the united states, will rock that balance and the international community is looking to signals from the indicated they have they want to renegotiate some of these trade agreements, there reements andag benefit both the united states and the rest of the world. matt: what message does steve mnuchin bring to g-20? axel: they will basically look for a package. there are concerns the u.s. administration has in putting policy priorities on reregulation of the financial industry. many things you hear is we've done enough, we have done a lot already. the system is more stable. let's do an impact study on what happened with financial reregulati

steve mnuchin telling our own that our tax reform is on the way. welcome everyone to the intelligence report. with a very busy show. just 24 sessions ago. it hit 20,000. now 20,000. looking at 21,000 and beyond. they are loving the message of making great again. it's an optimistic message. a message that brings hope for our academic future. what's not to like about that. in most positive speech. we are one people with one destiny. we also loot the same great america flag and we all are made by the same god. i'm asking all citizens to embrace this. i'm asking all members of congress to join me and dreaming big and bold and daring things for our country. i'm asking everyone watching tonight to seize this moment believe in yourselves believe in your future and believe once more in america. dreaming right now. democratic strategist. good to see both of you guys. he has a very ambitious agenda there. he wants a wall. he wants reform when it comes to our trade deals. but he needs to get everyone on the same page to do that. was he able to effectively set

the president said thatte today, steve mnuchin treasury secretary, we hearing august for crying out loud, why not now? this now has been hallmark of this president through first two months of his presidency, and wait until later has been if you will the cry of the congress and the senate. why august? reporter: this is why i wish you were here more often. you could walk into that briefing and ask the man. i think you or to something. august is actually a chance to give them an opportunity to not only collect themselves as a group but make certain that they are moving forward in lockstep, they have strong ideas, keep this in mind, this health care battle was parts of a three prong approach, at cleaning up the budget, they want to try to get it ready before they get to august. i think that other thing, you want to be careful, about momentum building, you don't want to come become with manage camp complicated and stagger your way forward. lou: you know there is an old saying, apologizing for sending a long letter, i'm sorry i didn't have time to write a short one. i have never seen it fail,

. >> treasury secretary steve mnuchin on comprehensive tax reform. >> the goals of tax reform, ok, which are about creating a middle income tax cut, about creating personal tax simplification, and making u.s. businesses competitive. where we have a very high business tax rate and worldwide income. you know, we're able to take the tax code and redesign things. >> pfizer c.e.o. ian reed on pharmaceutical costs. >> no no one's using our medicines in the exchanges because the exchanges don't provide them access. so i think we do need to reform the health care the way it's delivered. and the consequences will be with patients. >> and e.p.a. administrator, scott pruitt, on environmental policy. >> there's some exciting things going on with respect to clean coal technology across the globe. there's exciting things going on in the nuclear space. but not here. most of that's happening in europe presently because of the disincentives that we put into play here in this country with respect to nuclear. if you really care about some of these environmental concerns, nuclear ought to be in the mix. >>

. >> treasury secretary steve mnuchin on tax reform. >> the goals of tax reform, which are about creating a middle income tax, about creating personal tax implication, and making u.s. businesses competitive where we have a high business tax rate, worldwide income. we are able to take the tax code and redesign things. >> pfizer ceo ian reid. the changes don't provide them access. i think we do need to reform the health care, the way it is delivered, and the consequences will be with patients. >> there are exciting things going on with technology going on across the globe, but not here. most of that is happening in europe because of the disincentives that we put into play in this country. if you care about some of these environmental concerns, you can go with a mix. >> these are available at www.c-span.org and by searching the video library. yesterday, the house voted to rule that would have prohibited the selling of customers private information by internet service providers. that regulation had not yet gone into effect. here is house debate on the bill. it is an hour and 15 minutes. mrs.

after that, treasury secretary stephen mceachin talks about -- steve mnuchin talks about trade and taxolicy. later, vice president pence beaks to small business owners in west virginia. at 8:00, q and a retired syndicated columnist thomas soul. steve: joining us on newsmakers on this is congressman adam sunday smith, democrat from washington. he is also the ranking democrat on the house armed services committee. congress and thanks for being , with us. rep. smith: i appreciate it. steve: joining me is john donnelly of cq roll call and leo shane of military times. leo will get the first question. leo: congress thanks for doing , this. the big news this week was the health care debacle over in the house. you've been focused on defense budget but with what you saw from that debate, how do you feel about how we're going to move ahead with the defense budget talks and whether or not there's any chance to avoid a government shutdown. it seems like we're at a point where nothing is going to move. rep. smith: it's going to be very difficult. i theorized a couple months ago that the republicans

the gary cohens and wilbur rosses and steve mnuchins and they're going to announce a deputy treasury secretary shortly, that team is going to be excellent for the economy, excellent for the stock market. and you know what it's really going to be excellent for? middle class jobs and working class families. that's the agenda the administration has. >> pete, what about the idea, you know, goldman today talks about the point of maximum optimism. what we're witnessing in the market. hedge fund manager, a big one at that, told me, quote, we're starting to knock on the door of euphoria as if that's a point of reaching the climax of a bull market, not the beginning. >> you could understand why people are saying that but i think you still go back to what's the concrete evidence. the concrete evidence that we've gotten so far is the earning season has been strong. started with the financials and technology and we've continued through this whole thing. and now people are starting to go towards the confidence level that i think the president actually laid out last night where he was very preside

stocks reacting big time when neil cavuto asked steve mnuchin about tax reform. >> our objective is toass tax reform by the august recess. that's an aggressive timetable, but realistic but something the president and i are committed to doing. neil: by august, voted, done, agreed. >> and signed. trish: after that interview aired on fox business, we took one big leg up in the market. is the market making too big a bet on that promise? gary: charles payne and dagen mcdowell. are we going to see labor day tax reform? charles: i wish they would say tax cuts separate from tax reform. ronald reagan did tax cuts fairly quickly. we always talk about how big the tax code is. if you printed it out, it would be terrell than shaquille o'neal. i don't know that wall street cared as much as get regulations out of the way and lower the rates immediately. dagedoll on the deregulation, the significant rules president obama put in place. you see the russell 2000 hitting all-time highs. but the line is in the sand. august is a tough timeline that congress is working with. i think they will end up cutting

we have a meeting with him and steve mnuchin today.s. >> its is laid the labor how specific this administration will have to get on top of -- on conference of tax reform. steve mnuchin says he hopes to have it has five youngest recess. this of the the first of a series of meetings to secure key positions on a host of issues ranging from corporate tax rates, but the divisive issue of the border adjustment tax that has divided his republican caucus at a time of president trump seemingly is looking to also highlight some of the division and the republican caucus. ? the president has been tweeting again this morning. tweets, one of the freedom caucus will hurt the entire republican agenda if they don't another team and fast. we must fight them in the democrats in 2018. the legal strategy. -- explain the political strategy. which we see going to go? >> the freedom caucus, led by mark meadows from north carolina, where the driving force behind the derailment of the health care policy last week. that tweet is also reverberating in washington.

steve mnuchin meeting with his german counterpart. he is in berlin for the g 20 meeting and the us looking to start trade wars. overnight a massive fire light up the sky in raleigh, north carolina. firefighters battling the blaze that engulfed the apartment building, the latest developments coming up. mcdonald's says it was compromised after a tweet was posted calling the president disgusting. paying it forward, one airline getting passengers upgrades just for being nice. some subscribers will not get their print editions anymore. the magazine's new move coming up, markets close to the top line. s&p is down, nasdaq is up. that is where they open the session. practical moves. and nothing but the shanghai composite down 1% and the kospi index a two thirds of 1%. coming up this morning joining me to talk about it, foxbusiness network's dagan mcdowell, brian brandenberg and lee carter is here. happy st. patrick's day. they back hate the color green and car racing is bad luck. >> this tie is blue. dagen: nobody here is wearing green, nobod

that's the time line that steve mnuchin gave to you. mcconnell said that the tax reform component of this might have to get pushed down the calendar. listen. >> i think finishing on tax reform will take longer. we do have to finish the healthcare debate up or down, win or lose before we go to taxes. >> so earlier today a at the white house press briefing, we asked sean spicer about the comments. we asked him how realistic it is that tax reform gets done in 2017. spicer was very optimistic. >> i think we feel confident we'll get a lot done, continue to get a lot done this year. tax reform is high on the president's priority list. you'll see secretary mnuchin and others work on the concourse of that. we intend to maintain to the schedule he laid out. >> when you talk about august, there's an august recess. when you look at the calendar between now and then in the house, there's a little bit more than 60 legislative workdays left until then, neil. >> neil: wow. hope spring is eternal, as they say. meanwhile, to andy puzder, slated to be th