nobody. >> and if there was a better explanation, steve mnuchin would have given it up at the hill.thing i bet he didn't understand and few people in the trump administration understand is just how much the ruled changed january 23rd. a year ago after rolling back the sanctions, steve mnuchin could have gotten up to the hill, given a half-baked briefing, refused to answer half the questions and there would be no consequences. now things are different. you go up to the hill and do that performance, he may find himself in a subpoena with open cameras and the house putting a roll-back of sanction that's would put enormous pressure on the republican senate to follow suit. their days of being able to just treat congressional oversight as a nuisance they can ignore are very much over. >> it shines the light on two things, how much opportunity the democrats have to be laser focused on this really specific issue of sanctions from treasury steve mnuchin and just how horrific republicans have been for the last two years. why don't they care? >> right. and it's going to be even more pressure o

we heard from secretary steve mnuchin david: -- david: we heard from secretary steve mnuchin yesterdaynd today. this is what he said. >> i would say in the conversations we had previously, there has been an acknowledgment that they understand that. the details of how we do that are very complicated, that needs to be negotiated, but i.p. protection, no more joint ventures, and they of course meant -- and the of force men are the three most important issues. david: from your perspective, is that right? the chinese seem to indicate that they would change the joint .p.ture laws, but the i protection, the acquisition from the u.s. is saying you have been stealing our stuff, but are they recognizing that? michael: they have a clever way of saying it is the local governments that are out of control and it is not something that xi knows anything about. secretary mnuchin is right when he talked about the difficulty of the details. we are now in the 30 year president trump's, i think quite brilliant negotiating approach. the chinese are very wary of him, they say he is the best negotiator they h

. -- i have been discussing with steve mnuchin to convince them to go the path of new international taxation. i'm convinced that the administration is aware that in the 21st century, we do a new international taxation system to be more efficient. francine: is france ready for a no deal brexit? >> it is up to the u.k. to decide. to have anefer agreement, there is an agreement on the table. now, everything is in the hands of the british people and the british citizen and the british politicians. it is up to the british people to know what they want. had verbale have attacks from certain politicians for the member of government. how would you describe italian-french relations? >> those statements are

steve mnuchin, treasury secretary, will.should also put into context we don't see presidents traditionally go. >> it's happened but it's not common. >> world leader, ceo, nonprofits. >> you're going, right? >> indeed, i am. >> all right. it will be fun. >> there you go. just a few hours from now, treasury secretary, steve mnuchin is going to face lawmakers on capitol hill. mnuchin will be questioned about his recent decision, this is so interesting, to lift sanctions on companies linked to a russian oligarch. why? with all of the things going on out there. with the investigation. with paul manafort in the clinker. why would this happen? >> well, let's start with who he is. he's one of russia's wealthiest men. a close ally of vladimir putin. also a business associate of former trump chairman paul manafort. also looking into the fact that mnuchin served as president trump's campaign finance chair and as such would have access to valuable information relating to robert mueller's probe into possible collusion with russia and the

what's going to happen to steve mnuchin today?got to have some explanation for why, out of all the oligarchs, why pick this one who was the guy that manafort owed all that money to, and was involved in, you know, all sorts of -- well, he was sanctioned for the russian interference in 2016. >> oleg deripaska, that's the individual's name, is a very important individual in the russia probe. not only is he a right-hand man to vladimir putin, he's one of the russian billionaires who has been part of putin's inner circle, a real kremlin insider. he was someone that paul manafort was feeding, directly and indirectly, trump campaign information to. >> offered him briefings. >> offered him briefings about the analytics that the trump campaign had done of the electorate and that could have been used to shape and fashion the social media attack on our election. >> admiral, all of this, it raises huge questions about american security and about whether the treasury -- first of all, these sanctions were forced upon the administration reluctan

as steve mnuchin said, i'm glad we're back to work.loyees and all the people furloughed, tsa, go down the line, those individual hardships were the biggest issue. i think everybody is glad we can reopen and put those back to work. regarding the macroeconomy, major, i don't think it was a factor. i don't. >> if the negotiations don't bear fruit and the government shuts down again, a lengthy shut down and reopening and another shut down, could that compound any hardship effect on the federal employees? >> i don't want to speculate on what ifs. we have a process laid out here. let's see if it bears fruit. i don't want to speculate. again, you know, the state of the economy to me, my colleagues, kevin, it looks strong. i don't think it was disrupted. there's things written again. i'll repeat. in the aggregate, the numbers we saw, low unemployment claims, unbelievably strong same store retail sales. the industry production number from the federal reserve where business equipment went up for the seventh straight month. just the scattered loo

treasury secretary steve mnuchin facing the hot seat on the hill.ust a couple of hours, he is set to give house lawmakers about his recent decision that you may have missed. his decision to lift sanctions on companies linked to russian oligarch oleg keripaska. onen russia's wealthiest men and close ally of putin. he was a close business associate of none other than former trump campaign chairman manafort. manafort was in the hole of 19 million bucks to paska when he joined the team. okay, what have you learned about meeting? do we have any explanation yet why the sanctions were listed as it relates to oleg? >> of all the people in trump's sphere, somehow he has flown under the radar. this is just the first volley in terms of bringing mnuchin in as really a fulcrum of information. first it has to do with the sanctions. that's the most immediate issue. they face a 30-day deadline to try and reverse those sanctions. number one question who pressured you to do this. >> he's not going to answer that. >> well, doesn't mean they don't try. like i said, it'

delegation will include secretary of state mike pompeo and treasury secretary steve mnuchin.hairman jay powell has indicated a rate hike cause, saying the fed can be both patient and taxable. inflationvers say does not merit further increases. president trump has yet to ask for a meeting despite months of criticism. the president has publicly criticized the fed. senator bernie sanders has apologized to women who say they were subjected to sexual harassment or misconduct while working on his 2016 presidential campaign. he is confronting allegation against some senior staff as he weighs a second run for the in 2020.c nomination he says his safeguards were clearly inadequate. is to maintain strict sanctions on the russian billionaire and any companies he owns. secretary steven mnuchin was asked by democrats to explain why the administration decided to ease restrictions on three companies linked to him amidst crewmate -- scrutiny of president trump's links to russia. news 24 hours a day on air and on tictoc on twitter, powered by more than 2700 journalists and analysts in more th

yesterday treasury secretary fooef steve mnuchin was subpoenaed to capitol hill. >> this, was one ofified briefings we have received. the secretary barely testified. he answered some questions but he didn't give testimony. they had an intelligence briefing, and then they read a document that was unclassified wasting the time of the members of congress. and i went in sympathetic to the process that has been established for sanctions and the relief of sanctions. i came out and just. >> this is lifting sanctions from the company, why do the trump cabinet members put all of their credibility on the line to toe the line. >> i they is part of the question. why do so many people, why do they continue to trash their reputation, sacrifice their integrity, lack the principals and the thetices that we expect for officials, why they're doing this for a person like trump. i can't figure it out, and i give jim mattis a lot of credit for trying to give them the best for so long but at some point you to say that, you know, i'm enabling this bad behavior. i'm not being the guard rail that i'm trying

the treasury secretary steve mnuchin led the effort to lift these sanctions, but i say he should have recused himself from the deliberations. why is that? >> because he was engaged in selling a part of his hollywood studio to a man by the name of leona leonard lavotnik, who has a significant interest in deripaska's rusal. for that reason alone, he should have recused himself. what's more concerning, however, is that the whole effort to first impose sanctions and then lift them, i think, was a whole sham. it was extended, which is highly irregular, to extend the period of time before imposing the sanctions. and then when you look at how much deripaska still has an interest, if you count his wife, his father-in-law, his foundation, it's still over 50%. >> since you mentioned blavotnik, let me read this. this is say spokesman for the treasury department responding to the letter you wrote mnuchin. here's what they say, okay? they say, we received the letter from representative speier. her concerns are premised on false information. as our response to her letter will make clear, steve mnuc

and steve mnuchin said and others, i'm glad we're back to work. i'm glad all the federal employees, i'm glad all the people furloughed, t.s.a., go right down the line, i think those individual hardships were the biggest issue and i think everybody's glad we can reopen and put folks back to work. regarding the macroeconomy, major, i don't think it was a factor. i just don't. reporter: larry, if the negotiations do not bear fruit and the government shuts down again, a lengthy shutdown, reopening, another shutdown, could that compound any economic effect or hardship effect on these federal employees? mr. kudlow: i just don't want to speculate what-ifs. we have a process. i don't want to speculate on the what-ifs. again, the state of the economy, to me, my colleagues, kevin, and so forth, looks very strong. i don't think that was disruptive. i don't. i know things have been written and there are individual hardship cases. i repeat that. in the aggregate, the numbers we saw, low unemployment claims, unbelievably strong, retail sales, the industrial pro

at the white house briefing, national security advisor john bolton and treasury secretary steve mnuchin announced new sanctions against venezuela's state owned oil company in response to nicolas maduro's refusal to step down after being declared illegitimate by venezuela's national assembly. they were followed by economic adviser larry kudlow, an press secretary sarah sanders to questions from reporters. >> good afternoon. under president trumps leadership, the economy is growing putting the president and a stronina strong position g standing conference in china. the president will meet with the vice premier to continue talks. president trump is committed to achieving access for u.s. exports and better treatment for farmers, ranchers and business is. fair and reciprocal trade will boost long-term economic growth and not only in the united states but globally it courageously spoken out against the corrupt and illegitimate regime of nicolas who must do what is right and allow for free, fair and credible elections to speak more about the policy toward venezuela and to take your questions i

treasury secretary steve mnuchin says president trump will meet china's top trade negotiator, a sign importance washington is placing on the talks. the meeting will cover intellectual property and technology issues. mnuchin says enforcement measures will be key, with the chinaistration tracking to show if it can live up to its promise. >> my expectation is we will make significant progress. these are complicated issues. we have a timeline. >> the lighthouse says it may suspend the 1987 nuclear weapons treaty with russia as the trump administration inches toward a full withdrawal from a pillar of cold war diplomacy. investigators say that unless moscow destroys missiles and equipment by saturday, the u.s. will suspend its obligations under the intermediate range nuclear forces treaty. the trump administration has slapped sanctions on venezuela's state owned oil company as well as its central bank, putting more pressure on president nicolas maduro. treasury secretary steve mnuchin says the u.s. is holding accountable the people and entities that have overseen the country's decline into

react to the fact, they came out of the gate, treasury secretary steve mnuchin. they also had former ambassador bolton out there talking about, what is going on in venezuela, the sanctions there, the impact that it will have, humanitarian crisis. they moved on to economic news with larry kudlow. then they brought out sarah sanders. she answered questions. is part of this turning the page on the shutdown situation and moving on to other business? what do you think? >> i think there is -- well, we can't really turn the page on the shutdown because, another one is looming in thee weeks, unless they can negotiate their way out of it, i think you raise a good point, melissa. they didn't do this sanctions against the venezuela oil company simply to change the subject. melissa: right. >> that is a very serious issue there, the world is coming together against the maduro government. i think that is a real event. nonetheless i think the white house has to be aware, at least over the experience of the last several weeks with the government shutdown that that issue was begi

. >>> plus, nancy pelosi taking on the treasury secretary, steve mnuchin.ssified briefing on russia one of the worst she has ever received. what went down? that's next. 12 hours? 20 dogs? where's your belly rubs? after a day of chasing dogs you shouldn't have to chase down payments. (vo) send invoices and accept payments to get paid twice as fast. (danny) it's time to get yours! (vo) quickbooks. backing you. need a change of scenery? kayak searches hundreds of travel sites - even our competitors - so you can be confident you're getting the right flight at the best price. kayak. search one and done. turn up your swagger game with one a day gummies. one serving... ...once a day... ...with nutrients that support 6 vital functions... ...and one healthy you. that's the power of one a day. [[clap, clap]] ♪ hey, jen, which tie says, "trustworthy but also fun"? gold down, oil up. oil down, gold up. this is too busy. we need to make sure people can actually use this stuff. which one says, "hours of free live streaming coverage without cable or subscription fees"? al

and as steve mnuchin said, i'm glad we're back to work. glad all the federal employees, i'm glad all the people furloughed, tsa, go right down the line, i think those individual hardships were the biggest regarding the macro economy, major, i don't think it was factor. >> if negotiations don't bear fruit, government shuts down, another shut down, could that compound any economic effect or hardship effect on federal employees? >> i just don't want to speculate on what ifs. we have a process laid out here. let's see if it bears out. i don't want to speculate on any of the what-ifs. the state of the economy to me, my colleagues, kevin hassett, looks very strong. i don't think that was disruptive. i don't. i know things have been written and there are individual hardship cases i will repeat that, but in the aggregate, numbers we saw, low unemployment claims, unbelievably strong same-store sales. the industrial production number from the federal reserve, business commitment went up for 7th straight month. scattered look at all the kinds of data

we heard from treasury secretary steve mnuchin and nsa advisor john bolton, talking about sanctioning state on oil companies and putting more pressure to bear on nicolas maduro. it won't be allowed to remit any money to the maduro regime. be held ins need to locked u.s. accounts. we also heard from the national economic adviser larry kudlow who said he believes the u.s. economy is in a 3% trend line growth rate and he does not agree with cbo estimates about the cost of the government shutdown. you can check out live for more on the press briefing. i want to bring in joe rosenthal because the market has closed. questions that chinese growth. joe: obviously that's been the big concern. how many guests have we talked to this year saying the big thing we are watching is chinese growth. it's clear from nvidia earnings earnings, china is decelerating rapidly and perhaps investors have not fully appreciated that. for as much as we talk about it, obviously investors are still being taken by surprise to some degree by the amount of weakness in that country. we heard them speak about the u

from robert lightheiser, us trade representative but a spokesperson confirming neither secretary steve mnuchindor lightheiser have made any recommendations with respect to tariffs. a chinese negotiator is expected to be back in washington dc at the end of january to continue with these discussions. futures are pointing higher, continuing on yesterday's gains. todd: equally as series, the big mac looking over its shoulder. >> reporter: big mac, watch out. burger king, new big king xl coming for you. this is a new burger that outsiders the competition. it looks similar to the big mac but the big king has 175% more beef than the big mac according to burger king and it doesn't have that third bun you find in the big mac. if you want to put both of these to the test, see which one you like better, do it quickly because the big king xl is only available for a limited time. todd: can i do a little -- a little inside baseball quickly. who is going to do the toss, i want to take this one. i toss over to you with my comments about the big mac. carly goes is that it? carley: the big mac looking over your

we will meet with steve mnuchin and robert lighthizer. the trump and ministration is defending the move to list sanctions on three companies tied to a vladimir putin now. steve mnuchin denied that the action is designed to help the kremlin. the plays a major role in aluminum markets, they say that companies have restructured so that the oligarch is not in control. and in tokyo a second indictment over allegation of crying for -- financial crimes, he is accused of transferring personal investment losses from nissan and underreporting his compensation. his lawyer say he will apply for bail. global news, 24 hours a day on air and on tictoc on twitter, powered by more than 2700 journalists in more than 120 countries. rotondo -- i am they the end rotondo -- i am vivian rotondo. the opportunities in the year ahead, we are about to find out. this is bloomberg. ♪ vonnie: live from new york, i am vonnie quinn. guy: from london i am guy johnson. this is bloomberg markets. let's turn our attention to the bloomberg. eric joins us for a look inside. >

here's what the spokesperson said, quote, neither steve mnuchin nor ambassador lightheiser have madeommendations with respect to tariffs or other parts of the negotiating mission with china. it is an ongoing process with the chinese that is nowhere near completion. one of china's top trade negotiators will be back in washington dc on january 30th to continue the discussion. rob: very much doubt. jillian: the next story seems like genius. >> the ballast point group hub has opened a downtown disney, making it the first brewery to open up at the anaheim california themepark. this is great news for a lot of parents who might be there with their kids. the new brewery has 50 ballast point brews, some exclusive to the location. you don't need a ticket to get to downtown disney. disneyland prices have gone up recently. jillian: don't drink and go on the rides. thanks. 26 minutes after the hour. far left democrats waging war against moderates in their own party, moving further left pushing voters to the right. rob: a new poll shows latino support on its way up a bit for donald trump amid the

treasuries denying reports that steve mnuchin has pushed for lower or no tariffs on china. also, it was claimed that trump administration officials were considering rolling back duties to calm the markets and lubricate the trade negotiations. >> when it comes to trade talks, where do we stand now? >> did seems like, at least temporarily, the markets were buying into the idea that the administration could be softening its stance towards china when it comes to negotiations. we had a denial from the u.s. treasury department, but it is clear that steve mnuchin has long taken a stance of caution when it comes to the imposition of tariffs. it could just come down to the whims of the president, and we should not forget that like theer is the one leading trade negotiations, and he is taking a more hawkish stance on china. he will be the one talking to china's vice premier when he heads to washington at the end of the month. and it could go to trump and how he views things at that particular time. china would be reducing its trade surplus to zero, basically, by 2024. last year, that

right here at the west wing, president trump is set to meet with treasury secretary steve mnuchin this hour. i'm told this is considered a routine meeting between the president and one of his top cabinet secretaries. the opening of the world bank is one of the items that the president will discuss as treasury secretary is leading search for that sudden new position to lead the world bank. it is certainly good timing for the president and treasury secretary to be sitting down, coming on the heels of this report from bloomberg which says that china would be open to drastically reducing the trade surplus, bringing it down to zero by 2024. here is what i can tell you, neil. there was this major trade meeting, a major trade meeting two days ago i believe over here at the white house that lasted a couple of hours. i'm told that at one of the major things that i've been directed to, remember, it was the treasury department that shot down along with the white house that shot down yesterday that "wall street journal" report. then you got this report from bloomberg which is the white house is no

we saw how the markets reacted to maybe steve mnuchin making a recommendation, even though it was denied -- the markets loved that deal. isaac: i think that markets are focusing on the short-term gains. we are having the debate we should be having, how do we want to handle in aggressive china? we are focusing on the trade deficit, which does not allow us to have the debate we need to be having. david: and you mentioned huawei. we are member the case of zte, that went away when president xi had a conversation with president trump. could the same thing happen with wally or -- with huawei? isaac: i think that this is more serious. many feel like this is a major national security threat and the u.s. has already done a lot to just discourage allies -- like the u.k., japan, taiwan, from huawei. with wally -- this is personal. david: exactly. very big issue. thank you so much. that is isaac stone fish, a senior fellow at the asia society's center on u.s.-china relations. and president trump will be meeting with a chinese envoy, it might be happening as we speak. still ahead, we will talk with m

steve mnuchin is big concessions might see all tariffs removed.s the brexit deal was ripped up, the backstop there will be no delay and theresa may must have -- headed back to brussels. this is "bloomberg markets: asia ." we are entering the last hour of the morning session in hong kong. asian stocks, modestly lower after two sessions of losses. it is about the currency market. a high onan hit optimism amid the trade talks and have a look at iron ore in singapore, of over 8% as the supply disruption has really started to convulse the market. the likes of bhp and rio in but when itg higher comes to equity markets, new zealand is dragged lower by a loss from air new zealand. philippines retreating farther from the bull market it seems to be getting near end of the nikkei, off by point percent. -- .5%. also looking at the big story, it is apple. is the worst over with? it seems every sign of its business was doing better, but for the iphone. has taken a big hit and it is china to thank for that. looking at apple's players in this part of the world, t

this week to meet with the treasury secretary steve mnuchin and also the u.s.rade rep robert lighthizer. we'll see how those stocks go. not for nothing we have the fed meeting as well. most investors thinking that the fed remains on hold, certainly this meeting, if not for the first half of this year. but just three big themes governing sentiment here from the new york stock exchange. charles. charles: all wild cards that certainly will have an impact on the market. deirdre, thank you very much. >> sure thing. charles: in fact the deadline to reach a trade deal with china is fast approaching. how close are we to reaching such a deal? as the 2020 presidential campaign heats up so does vilifying the rich. this time elizabeth warren slamming a nfl owner buying a super yacht. what is the problem with enjoying a little success? my panel weighs in next. ♪ oh no, no, no, no, no, no, no... only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ i am not for just treating my symptoms... (ah-choo) i am for shortening colds when i'm sick. with zicam. zicam is

dow jones is reporting that the treasury secretary, steve mnuchin, is making this call at several meetings that he's had. officially the treasury department walking this back. a spokesperson with the trade team on the treasury department is saying, quote, neither secretary mnuchin nor ambassador lighthizer have made any recommendations to anyone with respect to tariffs or other parts of the negotiation with china. this is an ongoing process with the chinese that is nowhere near completion. the white house releasing a statement also saying that they have made no decisions on any new tariffs and they're focused on the trade talks that will happen at the end of the month. a spokesman for the chinese foreign ministry saying for quite some time the u.s. has been launching all kinds of unwanted accusations, smears, and attacks against china on the fronts of debt, trade, the south china sea, international rules, and religious freedom, a harder tone out of china today. they go on to say that the u.s. must drop the zero sum game and the two sides should be engaged in door opening, not barrier erect

treasury secretary steve mnuchin says yes but is he right?ons whatsoever of a recession on the horizon and from everything we see from speaking to a large across the board businesses, the combination of tax reform, regulatory relief and trade still has a very strong impact on the u.s. economy. david: that was secretary, treasury secretary steve mnuchin in a fox business exclusive interview with maria bartiromo, telling her recession concerns are overblown. but other economists don't agree, based on numbers from the new york fed, there is still a small chance, about 22%, that we could enter into a recession this year. so who do you think is right? >> yeah, i mean, if the horizon is 2019, i agree with the treasury secretary. i think that gdp is going to continue to chug along. it may slow down in things like housing and auto sector but in general, i don't see a recession in 2019. now, as we get into 2020, you know, then i get a little more nervous because i think the sugar high on the tax deal is now behind us and i still think there's nervousn

"wall street journal" head a headline on the tape, that said treasury secretary steve mnuchin, ambassadoro trade robert lighthizer are maybe, one or the other or both considering dropping tariffs just to get the trade talks moving along with china. well both have now in the last couple of minutes denied making any recommendations but "the wall street journal" doesn't pull this stuff out of nowhere. what is going to happen? initially the dow jones reported that the u.s. is weighing lifting the china trade tariffs as potential new gambit that could very well break the trade stalemate between the two countries. pictures speak louder than words. there you go with the dow intraday. flip it over to the nasdaq and s&p, you will see almost the exact same picture here. here is the nasdaq at its high, folks. nasdaq jumped 79 points. we moderated but well above the lows of the session up 28 whereas earlier we were down on the nasdaq by 31. you're looking at a 51 point swing. market watchers are specifically looking at the 50 day moving average, it moved above that level on the news. that is certainl

a classified briefing on capitol hill today between key house democrats and steve mnuchin. democrats want to know why they plan to lift sanctions on three companies linked to a russian oligarch. hours before a major mideast policy speech mike pompeo defends the syria strategy saying there is, quote, no contradiction whatsoever. really? we're watching that speech. >> i don't know how many people believe that. and the president pushing for a wall at the border but what do people who live at the border have to say? the answer may surprise you. it was here. i couldn't catch my breath. it was the last song of the night. it felt like my heart was skipping beats. they said i had afib. what's afib? i knew that meant i was at a greater risk of stroke. i needed answers. my doctor and i chose xarelto® to help keep me protected from a stroke. once-daily xarelto®, a latest-generation blood thinner significantly lowers the risk of stroke in people with afib not caused by a heart valve problem. warfarin interferes with at least 6 of your body's natural blood-clotting factors. xarelto® is

. >> the white house says president trump canceled treasure secretary steve mnuchin's trip next week. >>> getting a helping hand from local food banks, january i tars have already gone a month without a paycheck. with the help of second harvest food bank 40 families were able to help themselves ting abouts of groceries. >>> we are going to keep providing these distributions throughout the furlough, we also want to let people know they can call our food connection hotline and get connected to any of our services, we distribute groceries to anybody who needs our help. >> food banks are preparing to provide aid to coast guard workers and families. >>> taking a look at the big board as we end this work week. the dow has been up all day right now about 281 points. tech and industrial companies made some big gains earlier. and banks stocks also rising. >>> the womens march is going to take place in several cities across the country tomorrow. millions made history at the first womens marchs in 2017. but this year, several factors including the weather and a lack of funding could lead to lowe

steve mnuchin. i do not want to predict anything. i am reading stories online about stuff already done that is not true. i would love to make a deal, am a free trader. we are working on it. give us some time. people keep writing stuff, i do not know where they are getting this stuff. cohn said he is confused about what the white house strategy is. he said it makes no sense whatsoever as far as thousands of federal employees. what is your reaction? is mydlow: he predecessor, a great american. that is all i have to say. he has his own views, i do not agree or disagree. >> [indiscernible] mr. kudlow: with respect to what? we have been negotiating from day one. >> what is the white house going to do? mr. kudlow: the white house will make it clear, i am not negotiating with you, i am stating policies that we must fix the border. border security including the wall or whatever the construct of the wall is, is a principle we have to fight for. to preserve the united states. to preserve the united states. >> are you willing to go under $5.7 m

meeting here with trade representative robert lighthizer and treasury secretary steve mnuchin.he chinese foreign ministry implied the extradition of the huawei cfo could affect trade talks next week, quote, we strongly urge the u.s. side to immediately correct the mistake, withdraw the's order for meng wanzhou, and not a make a formal request to the canadian side. she went on to say that the u.s. is abusing the extradition treaty that it has with canada. now all of this will be in the context of what happens with the strength of the u.s. economy. the answer for the white house economic advisors is excellent growth, that would be boosted in china comes through with a deal. >> as example we get a good deal with china, that is positive last year when there was a lot of uncertainty about china. fourth quarter will be 3% that's right. reporter: talk with china is getting tougher as we get closer to the date as they formally submit requests for the huawei cfo. that is june 30th. that is the same day for the minister meetings at u.s. they believe that extradition request will come thr

next week, treasury secretary steve mnuchin, mike pompeo, wilbur ross and other senior members of the trump administration are scheduled to head to davos, switzerland. trump administration says that trip is still on. cnn's abby philip joins me live from the white house. abby, also stunning, the president in this letter referring to elected officials meeting with service members in harm's way as a mere public relations event. the president just went to iraq. so did a republican delegation and all of them did during the shutdown. >> that's right, jake. this letter coming as a bit of a surprise today. it unfolded quickly. sources are telling us this really came to shape this morning and when the president found out that this trip was planning on going forward over the weekend, he took immediate action, according to a senior administration official. >> president trump's feud with congress i congressional democrats over the government shutdown taking a dramatic turn. late today, the white house issued this new letter, responding to house speaker nancy pelosi's request that trump postpone h

he's closer to lighthizer and navarro than to steve mnuchin. >> a pleasure to have you on.an have you on again. >> thank you. >>> next on "gps," tiny bhutan may not have a high gdp, but it doesn't really care. what the kingdom strives for is a high gnh or gross national happiness. which matters more? those or any other acronym for measuring a country's success? i'll tell you. okay, i picked out my dream car. now's the really fun part: choosing the color, the wheels, the interior. everything exactly how i want it. here's the thing, just because i configured this car online doesn't mean it really exists at a dealership. but with truecar, i get real pricing on actual cars in my area, i see what others paid for them and they show me the ones that match the car i want, so i know i can go to a truecar certified dealer and it'll be right there waiting for me... today, right now. this is truecar. >>> now for our "what in the world?" segment. we start with a big question -- does being richer make you happier? the answer for individuals and countries seems to be the same -- no. the w

taxable income that comes from that and the reason why cory booker is for it and president trump and steve mnuchins it's a real opportunity to go into areas of the country the need help and can supply capital and start that fertilizing experience and multiplier effect in those areas. dagen: great to see you. happy birthday, happy new year. anthony scaramucci, don't go anywhere. more maria bartiromo's wall street coming up. into ♪ ♪ time and time again, you know when i'm doing street magic..i'll walk up to someone and i can just see they're against me right? they don't want to be amazed. they don't want this experience to happen. ♪i needed to try but then the magic happens. and all of that falls away. (amazement & laughter) it's the experience of waking up and seeing things the way you saw them before they became ordinary. ♪i need never get old i'm looking for that experience of wonder. dagen: apple sent stocks tumbling on thursday after that technology giant hit $1 trillion market cap of humans go announced a slowdown in china president trump's trade dispute also impacting that revenue forecast. s

and as steve mnuchin said and others, i'm glad we're back to work.e federal employees, i'm glad all the people furloughed, tsa, go right down the line, i think those individual hardships were the biggest issue. and i think everybody's glad we can reopen and put folks back to work. >> so there's that. on the other hand, he also continued doing what the administration has been doing for weeks now, downplaying the impact. >> we frequently disagree with cbo, with all respect, they're doing the best job they can, i get that. no, i won't acknowledge any of that right now, and you know, in a $20 trillion economy, it's awfully hard to make even the best guesstimates of those kinds of small fractions of numbers. that's what you're looking at here. >> small fractions of numbers. keeping them honest, he's not saying, as commerce secretary wilbur ross said the other day that 800,000 americans are a rounding error, he does seem to be saying their contribution to the economy is a rounding error. so, it remains an open question. does president trump truly understan

i love that steve mnuchin is there, too. i would tough guys are there. and so are theirs.heir a-team, and i love the fact -- and i would not be optimistic except for they are vulnerable for the first time since fox news started. they've never been this vulnerable. >> harris: i want to ask, capri, because you were in leadership in your state senate in ohio. so i know you do deals around those tariff goods if you will. what is our relationship with china? how much has it changed over the years? there used to be a time when trade talks were different than they are now. what kind of a rule is president trump playing in evening the playing field right now, do you think? they seem like they are feeling themselves. >> capri: i think president trump has really rewritten the rule book on this. particularly as a republican, usually what we have seen in generations past and administrations passed -- republicans in particular -- we see a more pro-globalist, pro-trade, pro-wto kind of approach. we are not seeing that from president trump. frankly we are seeing less of that than from de

the democrats are also asking treasury secretary steve mnuchin, hey, what was the rush with lifting theseions? they asked mnuchin to give them a little bit more time to review this deal in light of the holidays and the government shutdown happening right after the deal was announced. mnuchin, though, said, no, they couldn't have any further time. and now apart from the democratic committee chairs raising these concerns, a member of the house intelligence committee is raising another major red flag. which will curl your hair. congresswoman jackie speier has just sent this letter to treasure secretary steven mnuchin asking about reports of his, mnuchin's financial relationship with a business partner of oleg deripaska, a business partner of deripaska who owns a big stake in deripaska's companies and who will benefit from this lifting of sanctions on deripaska's companies. congresswoman jackie speier is asking mnuchin to please explain his business dealings with the soviet-born american billionaire. congresswoman speier called mnuchin's involvement in deciding to lift these sanctions when th

taxable income that comes from that and the reason why cory booker is for it and president trump and steve mnuchinit's a real opportunity to go into areas of the country the need help and can supply capital and start that fertilizing experience and multiplier effect in those areas. dagen: great to see you. happy birthday, happy new year. anthony scaramucci, don't go anywhere. more maria bartiromo's wall street coming up. into ♪ ♪ liberty mutual customizes your car insurance so you only pay for what you need. great news for anyone wh- uh uh - i'm the one who delivers the news around here. ♪ liberty mutual has just announced that they can customize your car insurance so that you only pay for what you need. this is phoebe buckley, on location. uh... thanks, phoebe. ♪ only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ the new sleep number 360 smart bed. it senses your movement and automatically adjusts to keep you both comfortable. it's the final days of the lowest prices of the season. the queen sleep number 360 c4 smart bed is only $1299. ends sunday. a business owner always goes be

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