among those waiting outside is steve mnuchin, ivanka trump, the president's daughter. his son-in-law there waiting for these private one on one talks to end. you know, it's interesting here. you have two very powerful

and the treasury secretary steve mnuchin controversial wife?ely back fire? let's go outfront. >>> and good evening i'm erin burnett outfront tonight the breaking news a source close to the white house telling cnn tonight there is frustration inside the white house over the president's interview with abc news. according to the source, the clips which i

in this case he hasn't held steve mnuchin in contempt of congress.er he's going to go that route. but, you know, obviously there's a court fight ahead but as elie was pointing out the word shall there is pretty plain and so the only argument that the justice department has really, don, you know they even acknowledge what exactly you just said, that the language of the law says shall and so they acknowledge that that is there but what they've turned to instead is to say congress is lying, that the democrats are lying. that what they want to do is release these taxes publicly which they say is not a legitimate purpose. i think the courts are going to decide and elie is right this is very likely to turn out the way of what the democrats are arguing. >> elie, can we go back to something you were saying. i want to dig deeper. you said this is william barr's justice department doing what he wants them to do, which is what the president wants him to do. william barr's acting more like a private law firm for the president and not the attorney general of the

treasury secretary steve mnuchin within the hour >>> and thyssenkrupp shares get a lift on a report of a possible offer by engineering firm kone for the elevator unit. >>> and european chip stocks rise after micron beats third quarter forecasts and resumes shipments to huawei despite a washington ban on the chinese tech giants. >>> good morning the federal reserve chairman, jerome powell, has warned that the outlook for the u.s. economy has deteriorated since early may thanks in part to uncertainty about global growth and trade. powell said publicliey during a speech that the federal reserve remains independent. he insisted the central bank has yet to decide when is the right moment for a rate cut. >> the question my colleagues and i are grappling with are whether these uncertainties will continue to weigh on the outlook and thus call for additional policy accommodation many fomc participants the case for more accommodative policy that strengthened, we are also mindful that monetary policy should not overreact to any individual data point, doing so would add more uncertainty to the out

treasury secretary steve mnuchin tells us president trump will make his next move on the trade war with tariffs but won't back down. >> if china wants to move forward, we're prepared to move forward. if china doesn't want to move forward, president trump is perfectly happy to move forward with tariffs to rebalance the relationship. >>> fiat chrysler wants to revive and thomas cooks is in talks with the sale over the tour operated business. >>> u.s. president donald trump has announced he will not introduce tariffs on mexican goods. they were supposed to take effect today trump now says he'll suspend them indefinitely. the auto sector struggled quite badly since so much of the global supply chain is built around that u.s./mexico trade relationship germany is closed today. let's take a look at how the auto stocks are doing today. sit tron is up 1.2%. renault up 2%. fiat chrysler 1/3 of a percent the closely watched u.s. surplus is $26.89 billion in may that's a number closely watched by mr. trump that's almost $6 billion higher than april you look at how the easing of u.s./mexico trade te

charles: steve mnuchin spoke earlier today.e said locking money up would work because it worked last time. do you think there is a particular timeline for this to be the last sort of part that squeezes some sort of at least, get the iranians to the negotiating table? >> i think the more pressure that is on there, obviously it would happen sooner. so that is why i think it is so important for other nations around the world. look at six tankers that were sabotaged and detonated mines on. you had two from saw saud, one from the u.a.e., two from norway or the norwegians, ones from japan. these countries need to come in together. not just the united states, but these other countries are threatened too. thank god we put in policies with this president to become energy secure in north america. with us, canada and mexico we're secure. we don't need the middle-eastern oil. the rest of the world does. i would think they would help president trump to bring this none steps to an end once and for all. charles: i want to segue to immigration

steve mnuchin stayed away from the specifics. but he said we follow the money and it is highly affected, he has been good at that his whole career, john roberts, thank you for that. i know that you will have more as the new warrants. want to bring it back to you, jack keane was on the network earlier today, and he said thats built up street cried with the allies in the region by virtue of looking at attacking and then pulling back and instead layering on more sanctions, do you agree with that that maybe he has opened up a way to team up better with the allies in the region against iran or no? >> dan: i do agree. the president showed some restraint, hopefully we will encourage the european allies in particular to work with us and understand our point of view, that that was a flawed deal, and we need to fix it. we also need their help in escorting some of the tankers in the persian gulf. and there are two things that i am looking for. the iranians on may 8th were going to take it to record levels if they did not receive sanctions r

i will meet secretary steve mnuchin this weekend in japan.hink we are going to talk global economy of course. and also g20 issues. but also we will discuss the topics that commonly interest both sides. i think it would be a productive talk, as always. >> you mentioned the tariffs. both the u.s. and chinese tariffs what effect have they had to date? me, a badiffs, to idea. i am an economist. for years imist, trade is students beneficial for both sides. really a double edged sword. it's actually hurting chinese economy. it's also hurting the u.s. economy. especially u.s. consumers. >> the chinese economy specifically, the economic data whether it is the industrial profits, retail sales, has all been weaker. what is your assessment of the current state of the chinese economy? >> i think the current state of the chinese economy for the first quarter it was a little better than expected. right now with the uncertainty of trade war people's expectations turn negative and gloomy. but i think chinese economy is resilient. some places, still very robu

. >> steve mnuchin said you were 90 percent there. are you 90 percent there now? or will you 90 percent before they reneged? >> look, they know what we have to have. if we do not have intellectual property theft protections, if we do not have the opening of china, china is not open. we are open but china is not open. if we do not have the opening of china, if we do not have the things we negotiated and maybe even more than that. look, right now we are getting 25 percent on $250 billion worth of goods. nobody ever heard of such a thing. massive amounts of money. and don't play, do not let anyone tell you that we are paying. we are not paying, china is paying for it. china has devalued their currency in order to pay for it. they devalue their currency and their pouring money into the economy and in these companies which generally are chinese owned, indirectly or directly paid we are not paying anything for it. they are -- our consumer says china is different than other countries. some other countries that can happen but i view terrace differently than a lot of other

secretary of the treasury, steve mnuchin mr. secretary, thank you very much for joining cnbc. i want to kick off by asking you what has been happening over the last several days, the war of words between tehran and washington we've seen the latest round of sanctions coming out walk us through the next steps for your government? >> thank you it's great to be here with you again. i think you know we continue to have the strongest sanctions ever this week the president signed a new executive order giving treasury even broader authorities to put on sanctions to the supreme leader's office and assets held by them. i announced this week specific sanctions against individuals that have been responsible for bad activity we believe the economic sanctions are working. the president is willing to have conversations. he doesn't want war but the president is determined to enforce the u.s. and our allies interests in the region. >> so you said there are going to be more u.s. sanctions coming down the pike. those could include the foreign minister, could you confirm that and walk me through

of chinae's bank governor and steve mnuchin met on sunday.ot raise hopes that anything would come up in a press junket. he said the talks were candid and constructive. that is better than acrimonious. bottom line, they did water down communique to the take out certain words. it leaves this meeting with the same shadow hanging over it which was here when it started. that is what will happen with this u.s.-china trade war. headspace backdrop in the photo, quite a powerful metaphor. let's talk about some of the other discussions. was there an agreement that the world might need more stimulus? >> it's interesting. everyone agrees it may. they are ready to do it. many of them say, maybe not just yet. the indonesian finance minister saying the move by the fed to open the door to rate cuts is a plus for indonesia to follow along. there is a downside aspect. they're cutting because the economy is slowing. that is not good for her economy or emerging markets. , marioopean central bank draghi said, if this gets bad enough, we will not only by more bond

i think steve mnuchin says it was 90%. the keyword was was. i think they were much further along a couple months ago than today. my sense, not really knowing anything because we are not in the room, is that there is too high of an expectation, not pessimistic enough. guy: if we do see things pollen the -- things falling apart, will the fed be there to rescue the markets? we were talking about this yesterday. we will be talking about this tomorrow. 50, 25? the fed is trying to pour water on the 50 idea, but the market isn't totally buying that. greg: you even saw bullard pushback, 50 is too much. i thought it was really interesting last week after the fed meeting, the market price to net additional cut this year. i think the fed will work really hard in the balance of this year to work back to the number of hikes. i think the direction is correct, but the number is too much. i think you need to disconnect to those two, and i think the fed is trying to disconnect their policy to the unknown of trade. vonnie: at what point does the bond market ta

[inaudible] >> treasury secretary steve mnuchin offering remarks following trumps the position of more sanctions on iran today. the president signed those actions earlier partially in response to the recent downing of the us drone lying near iran territory and attacks on the oil tanker carriers in the region. we take you back down to the hearing we were showing on the boeing next 737. >> the boeing has gone through in the last several months. >> is this the pace to get back into service? >> thank you congressman. >> i would expect the that boeing and the faa have this as their top priority as do the air carriers of these airplanes on order. we have 24 maxis and we had 24 maxis in service in american airlines and i believe there's more off the assembly line and that's just oneairline . these aircraft are needed. there needed for passenger service. we want them back. >> you think that this case is to be expected. >> i think the boeing corporation and the faa is capable of getting this airplane back in the sky by the end of the summer . >> i think the fine public would be pleased given yo

. >> the chinese prime minister spoke with robert lighthizer and steve mnuchin. comes ahead of an anticipated encounter between donald trump and xi jinping. investors are hoping for progress. the trade dispute has been an issue for the stock markets. news of the phone call not enough to boost european shares. -- is still trading in the red. renault down. the price of gold at its highest in six years. >> it is aware investors put their money in times of uncertainty. have seen it rise steadily, over 9% this month. call from a group of billionaires who want to get taxed more. >> it seems unbelievable. there is a letter signed by 18 of the richest people in america. they are calling on a tax on the thethiest 1% of people in united states. >> 17 mega-wealthy americans are united. they want to pay more tax. they have urged presidential candidates to back higher taxes on the 1%. >> it could help address the climate crisis, improve house outcomes, create opportunity and strengthen our democratic freedoms, it is in the interest of our republic. thehey praised support for

the conversation involved us trade representative robert lighthizer and us treasury secretary steve mnuchin vice premier liu he. that is your business briefing. food businesses in england and northern ireland would be required to list all of the ingredients used in prepackaged meals to help protect those with allergies. the legislation — which will come into force by 2021 — will be called natasha's law in memory of natasha ednan—laperouse, who died from an allergic reaction after eating a sandwich from pret a manger. businesses will be given a two—year implementation period to adapt to the changes. 0ur correspondent daniela relph has all the details. it was the start of the southern —— summer holiday and natasha was on her way to france but on the plane, she began to suffer a catastrophic allergic reaction and died soon after. natasha had eaten a sandwich from pret a manger. the packaging did not say it included sesame seeds. the ingredients that caused the devastating reaction. since her death, herfamily the devastating reaction. since her death, her family have the devastating reaction. s

very interesting, steve mnuchin on saturday there was a press gaggle.th him asking him questions. i asked him about the currency and the fact the chinese currency has broken out of his arrange. david ingles pointing us to the factors now, very close yuan to 7, the line in the sand for many. we see the if currency continue to depreciate, even though you know investors are saying i have to get out of the yuan because look at what is happening, wouldn't you consider that currency make relation? he said when a country has been her and see -- holding a currency in a certain range, then suddenly they are letting it decline, that is something worth following. he would not say yes when i asked him if china is manipulating its currency, but he pointed to this assessment they make anti-put a lot of stress on that aspect, certainly signaling that the u.s. is not necessarily looking at this as a fully market-driven force. something they are looking at closely. i just found that to be something we had talked about a lot on our show, something worth noting. and as we

steve mnuchin sitting down with cnbc let's get to nancy hungerford. spoke with the treasury secretary. nancy? >> reporter: hi there, brian i did, indeed. no doubt about it, secretary mnuchin saying all of the finance ministers meeting here for the g-20 meeting were happy about that news around mexico. for the japanese, the automakers weren't happy. they were very concerned about the u.s. and china and where we head from here i asked secretary mnuchin about what went wrong. here he was meeting with the pboc minister for the first time that's critical. we spoke to him after that meeting so i did ask for more information on where we stand today. take a listen. >> i think we were -- we had a deal that was almost 90% done. china wanted to go backwards on certain things we've stopped negotiating. if china doesn't want to move forward, then president trump is perfectly happy to move forward with tariffs to rebalance the relationship >> reporter: so there you have it the comment from secretary mnuchin saying they are very happy to move forward with tariffs if

treasury secretary steve mnuchin taking photos with his phone. or maybe they're selfies. >> woody johnson as well. >> the u.s. ambassador. >> he was close to the president as well. >> no next generation meeting, max? >> reporter: it was made clear to me that's not happening, certainly in a formal sense. you will see harry and william who came in at different events. after this ceremonial welcome, harry will be at this private lunch within the palace. ivanka and jared are there as well. tonight, prince william will be at the state banquet. president trump will be asked and invited to inspect the guard. we'll see how he copes this time. didn't go well last time. before that we'll hear the national anthems of the united states and also the united kingdom as well. in the past, president obama has spoken through the british national anthem, another faux pas. literally these events, even for british people, are littered with traps -- social traps. there is so much etiquette involved. it's a simple way to look at it that the queen takes precedence. she

steve mnuchin saying let's try that with china as well. >> that's right. the pressure to get a deal with china i think is pretty big, willie, because look what's happening with the economy. this is the president's sort of big talking point, right, for his re-election, that the economy is very strong. this week we got new jobs numbers that were disappointing based on what analysts were expecting. so the concern is, look, if they don't get a deal with china, is that ultimately going to hurt the economy? could that make it tougher for the president to continue to make the case that the economy is one of the strongest in decad decades? i think that was one of the factors that contributed to the president wanting to get a deal with mexico, but we'll have to see if they can make it work with china. >> mike mentioned the president and biden will be in iowa this week. joe biden had a tough week. a lot of people saw it as a flip from 40 years of a position on the height amendment which gets to federal funding for abortions. changing his position. what does it say a

meantime, treasury secretary steve mnuchin meeting with a top official in japan earlier today. republican senator thom tillis telling maria bartiromo that china should pay attention to how president trump handled trade with mexico. >> if i'm china, i'm worried about the progress we're making with mexico, the passage of the usnca. getting it together and work allows a present to take the same soda strategy to china. he's proven mexico and canada that if we give him maybe even some or in orthodox options for negotiating trade agreements then america wins and is good for american workers. >> had to break it all down, david spunt live at the white house. hi david. >> hi arthel hope you're doing well. the president will head to japan in a few weeks to meet with the chinese president, xi jinping. they'll talk about the tariffs that were implemented last month. we'll see if the deal can be made there but back to the mexican deal that threat of tariffs. the president heavily touting going into her this morning saying that mexico really did a good job here. several months ago, the deal

the iranian revolutionary guard corps, top military leaders in the iranian military, secretary steve mnuchin also said later on this week they are going to target the foreign minister for sanctions, he is very prolific on twitter, likes to tweet the president, so far nothing on his twitter feed about the potential for sanctions against him, but i'm sure that we will hear from him at some point. >> harris: very interesting, john roberts, thank you very much. for more on the retired general member, a recipient of the gold star, the third highest decoration for valor in combat. thank you for being with me. first question, and this has to do with hitting the military, because you know that they are getting the iranian major general of the irg. the islamic revolutionary guard, and then you have the three other senior members. five naval district leaders, that sort of thing. what does that accomplish in terms of the military and the proxy military? >> wow, there is a principal and strategy called global center of gravity. hours as you know, harris, dead americans. america hates to see their sons a

steve mnuchin said the trade talks were nearly complete until china reversed course. >> i'm hopeful we see a deal. there needs to be the right efforts in place. we were about 90% of the way there. i think there's a path to complete this. we'll see what we get. >> the talks start friday with the treasury secretary and u.s. trade representatives sitting down with the chinese vice premier on friday. on saturday, president trump and xi will sit down. it is poised to be the biggest bilateral meeting. president trump will also be sitting down with russian president vladimir putin as well. >> neil: amazing. thanks very much. meantime, where is this going? republican strategist john thomas, democratic strategist robin byro and melissa here. the read that we're getting is they're making progress. maybe the tariffs won't be 25%. maybe 10%. the chinese delegation is meeting ahead of the talks. you string it together, you get hopeful, right? >> no. >> neil: they did warn me you wouldn't be open mystic. >> i hate to be a negative nelly and i pro trump. i believe he will get a deal done with china.

treasury secretary steve mnuchin is here. the president trump may deliver a stern message to may.r the chinese company huawei. a sticking point between these two nations. on national security perspective and diplomatic perspective as well. the united states wants the uk to do less business with the chinese company awei. more broadly when you talk about trade, real question marks. this remarkable moment of extraordinary political chaos in the uk. at the end of this week, theresa may will no longer be the leader of toris. it's much more of a caretaker role. after friday, loses all the power and authority that she's had. one of her last acts in office will be this meeting with president trump, series of events this week. this is such a critical time for the president to be here. he wants a bilateral trade deal between the u.s. and uk. until the uk can work its own deal with the eu, there will be real question marks about whether and when president trump will be able to get that done. he'll have to hold off uk hits that october 31st deadline. to make a deal with eu for brexit or get o

nbc news reporting today trump's tariff threat was opposed by treasury secretary steve mnuchin and u.sde representative robert lighthizer. for more, our go-to guy on economics, ali velshi, co-host of "velshi & ruhle." for good measure, he anchored the hour before this one. we heard a rumor he was trying to get home. jonathan allen, happens to be nbc news national political reporter is also joining our conversation tonight. gentlemen, before we begin, here is the president's trade adviser peter that vanavarro on cnbc on topic. >> why raise american consumers' prices on all thereat stuff coming from mexico? >> so this is one of the most misunderstood aspects of the trump tariffs. china, flexior example, bears t murder in lower exports, lower prices for their products, lower profit s for their companies. the government of the china has the burden of those tariffs in the form of lower tax revenues and lower rate of growth. >> but so is the american consumer. >> no. >> importers pay for it. >> no. the governments of china and mexico will pay for it and the producers in mexico and china pay

steve mnuchin treasury secretary, mike pompeo, john bolton at the end of the table. there we go. let's listen in. >> laura: we're noticing here at the studio that president trump doesn't look all that happy. we don't want to read too much into it. mike pompeo is pretty stern faced. colonel macgregor agrees with me. ivanka is smiling. >> in 1971 in a place just over 100 kilometers from here, chinese and american ping-pong players participating in the 31st world table tennis championships had friendly interactions with each other. and that marked the beginning of what we now call ping-pong diplomacy, the small ball played a big role in moving world events. and then eight years later in 1979 our two countries established diplomatic relations 40 years ago. 40 years on, enormous change has taken place in international situation and china/u.s. relations but one basic fact remains unchanged, china/united states both benefit from cooperation and lose in a confrontation. cooperation and dialogue are better than friction and confrontation. recently mr. president you and i have stayed in cl

and steve mnuchin saying let's tryhihat with c as well. >> that's right. the pressure to get a deal with china, i think, is pretty big because look what the is happening with t economy. this is the president sort of big talking point for his re-election. the economy is very strong. this week we got new jobs ncmbers. the con is, they don't get a deal with china. is that ultimately going to hurt the economy. could that make it tougher for the presint to continue to make the case that the economy is one of the strongest in decades. i think that was one of the factors that contributed to the president wanting to get a deal with mexico, but we'll have to see if they can make it work with >> mike mentioned the president and joe biden will be in iowa this week. joe biden had a tough week. a lot of pple saw it as a flip from 40 years of an positio the hyde amendment. changing his position, what does it say about him, what did we see out of the campaign this we ? >> a couple of things. i think his campaign seemed flaa footed, not r to deal with this. the flip-flop

secretary of treasury, steve mnuchin, and you will be having a discussion with him. is that an opportunity to get the tool back on track? i will meet secretary steven mnuchin this weekend in japan. i think we are going to talk global economy, of course, and also g20 issues. but also, we will discuss the topics that commonly interest both sides. i think it would be a productive talk, as always. tom: you mentioned the tariffs. what impacts have the tariffs had come a both sides, to date? tariff to me is a bad idea. you know i am an economist. years, i taught my students trade is a benefit for both tariff is really a double-edged sword. it is hurting the chinese economy. it is also hurting the u.s. economy, especially the u.s. consumers. om if: we turn our attention to the chinese economy, the economic data has all been weaker. what is your assessment of the current state of the chinese economy? yi: i think the current state of the chinese economy for the first quarter, it was a little better than expected. right now, the uncertainty of trade war, people see expectation

and the treasury secretary steve mnuchin controversial wife? did her attempt at damage control massively back fire? let's go outfront. >>> and good evening i'm erin burnett outfront tonight the breaking news a source close to the white house telling cnn tonight there is frustration inside the white house over the president's interview with abc news. according to the source, the clips which include the president saying he would happily take dirt on political opponents in the 2020 election, dirt from russia have, quote, been tough. this comes as the president today is offering two strange justifications for that answer, vofgt foreign interference and aid during the election. here is the first one. from a phone interview on fox this morning. >> first of all, i don't think anybody would present me with anything bad because they know how much i love this country. nobody is going to present me with anything bad. >> so the fact that trump said he would listen to whatever foreign adversary had to say doesn't matter because they won't call him because h

. >> coming up next, treasury secretary steve mnuchin warns that president trump could still impose tariffsico despite having just come to a compromise not to. that's next. thanks to priceline working with top airlines to turn their unsold seats into amazing deals, family reunion attendance is up. we're all related! yeah, i see it. and because priceline offers great deals by comparing thousands of prices in real time, sports fans are seeing more away games. various: yeah-h-h! is that safe? oh, y... ahh! not at all. no, ma'am. nope. and more people than ever are enjoying romantic getaways. (romantic music) that's gross priceline. every trip is a big deal. ♪ that's gross applebee's new loaded chicken fajitas. now only $10.99. stimulant laxatives forcefully stimulate i switched to miralax for my constipation. the nerves in your colon. miralax works with the water in your body to unblock your system naturally. and it doesn't cause bloating, cramping, gas, or sudden urgency. miralax. look for the pink cap. ♪ living well do you often wake up with chest congestion? or suffer excess mucus? try muci

last month, treasury secretary steve mnuchin announced an obama-era plan to put harriet tubman, a famedlitionist, on the $20 bill, to be unveiled in 2020, would now be delayed until at least 2026. mnuchin at the time calling it a security issue. >> it is my responsibility now to focus on what is the issue of counterfeiting and the security features. >> reporter: but tonight, "the new york times" is reporting a preliminary design of the bill was almost finished, created before president obama left office. in a new statement to nbc news, mnuchin standing by his decision, saying, "the suggestion that this process is being stalled is completely erroneous. and the bureau of engraving and printing writing in a statement,scrapped" and they "never planned to unveil" the bill's design in 2020. but the timing of the delay causing controversy. on twitter, some calling it a political move to delay the replacement of president andrew jackson, a slave owner, with tubman, with the projected release date coming after president trump would leave office blayne alexander, nbc news >>> there's a lot more t

treasury secretary steve mnuchin said today that he plans to speak with the governor of china's central bank one-on-one about the ongoing trade dispute between the two countries. mnuchin is attending the groupon of 20 major ies meeting in japan with financial leaders. the treasury secretary said that he expects progress to come later this month when president trump meetwith chinese president xi jinping in osaka at the g-20 summit. mnuchin said there are no plans for official trade talks befate eeting. pacific gas & electric announced day that it's turning of power temporarily to 1600 s in northern california in an effort to prevent wildfires. the company ripes to reduce s during what forecasters predict will be a hot, dry, and windy weekend. the company said it may also cut off power to about 30,000 customers in the sierra foothills region that includes the city of paradise, california. a wildfire there last year destroyed nearly 15,000 homes. downed power lines and p.g. & e. equipment are blamed for previous fires and sta regulators recently approved allowing utilities to cut off elect

steve mnuchin said it would be redesi theot her bills. the governor says he is incred disappointed. he aeded that the tubman bill would have enhanced a women' suffrage. it's a blimp rather. femini antiwar group code pink has submittedt approved, baby memori y may remember, president >> that's john glenn. >> calculate your landing. johnso was human computer. john g johnson to double check the work -- if you have thedouble check theork smart. today johnsonand two other nasa with "hidden figures way. good morning. mornin it's an exciting honor for three trail blazers. this is at e and third. stre in a few hours the sign will be uncove to revwl the name, hidden figures way. youmay recognize that from the they are some of the first africa women to work at nasa and these women were the brains behind the operations that launch astronaut john they did many complex they often had to battle racis that they did. of the three hidden figures stillalive. she is the one on the left in she's now 100 years old but still sharp as ever. a ceremony will happen today at 10:00 a.m. and the author of the

it's a damn good record on the stock market now, those comments i was trying to decipher what steve mnuchin saying i know him, i know he's dedicated to getting this done and they understand the implications if they don't get the deal done this year. to overuse a football cliche there's a big difference being on the ten yard line and scoring a touchdown. 90% of the way there is fine, but oftentimes, andrew, the last ten yards. i take some umbrage in the comment but i wouldn't overreact to it either >> do you think when you say they understand the political implications, you mean that steve mnuchin and the administration know if they don't get a trade deal done and the tariffs are weighing on the any in an election year it will much harder? >> i agree with that 100% and that doesn't say that trump will take any deal but it makes it easier to get a deal done. by the way, this isn't going to be solved in the next year or two. this is going to be the epic battle of our times. it will go on for ten or 15 years. the other thing i would say, if they get the deal done, from 90% to 100%, joe, then i

steve mnuchin blames it on the need to boost security features to prevent counterfeiting but democratic leader senator chuck schumer isn't buying extra practice nation and asked the inspector general to investigate. >>> amazon has announced its so-called prime day is july 15th and july 16th. mark those days on your calendar. the company is expanding its annual sales event to two days promising more than 1 million deals. >>> and speaking of deals, new figures show what british taxpayers if they got a deal or how much they had to shell out for prince harry and duchess meghan's home renovations. an annual report reveals the royal couple's renovation of frogmore cottage cost the equivalent of $3 million. in the meantime, 41 million is earmarked for refurbishing buckingham palace. >> that's why we stopped paying those taxes in the u.s. for the british. >> that sure is why. >>> coming up, team usa ignites world cup fever. how much the tickets now cost. >>> but first an exotic cat attacks a mother and daughter in a residential neighborhood raising questions about which animals should qualify a

treasury secretary steve mnuchin blames the delay on features to prevent counterfeiting.nspector general has been asked to investigate. >> trevor: that's right, the inspector general is going to investigate as to why the harriet tubman $20 bill is not yet being made. good question. what's going on with the tubman 20? taking its time? can i say how fun it is to say the tubman 20? ( laughter ) it sounds like the weight you put on in your first year of freedom. that's what it sounds like. seriously, they announced this bill how long ago and now they're coming up with all the weird stories, saying they're worried about security. funny how the white house is doing more background checks on harriet tubman than anybody who actually works at the white house. ( cheers and applause ) or maybe, maybe they're just worried about her, you know. she's famous for escaping. maybe they're worried about her staying on the money. what if they relegal the money? they're going to unveil the bill in the big ceremony. they'll pull off the curtain. here she is! oh, no! gone again! we can talk abo

and steve mnuchin said we've got a deal.k to washington, d.c. , told xi jinping i think you've got a deal. that was a year ago and then donald trump said no deal in a series of tweets. we've had steve mnuchin come out and say we are 90% closer to a end, another 10% ago by the of the year for a deal but then donald trump in true fashion came out and said i think we are getting ahead of ourselves. he says the chinese economy is going down the tubes. it is possible to get a deal but i am happy with where we are right now. he says plan b is more tariffs. i underestimate japan, the size of the economy, their intertwining across all of asia. oft is the triangulation beijing, moscow, and tokyo? how will mr. abe treat mr. putin, or xi? stephen: guess who is having dinner with xi jinping tonight? so thatbe is the host will be a critical one because japan is caught in the crossfire. it needs china, but the united states is really its sole treaty partner and shinzo abe has gone to ingratiate himself to donald trump. he was the first to

nbc news reporting that it was opposed by steve unusual mnuchin and robert lighthizer.or more the go-to guy on kpk pl cohost the shell sli ruhle and hospital of for good measure he anchored the hour before this. we married a rumor he was trying to get home we wouldn't allow it. jangten allen the veteran political journalist happens to be the nbc news national political roert is joining our conversation. gentleman, before we begin here is the president's trade adviser peter navarro on cnbc on this topic. >> why raise american consumer's prices on all that stuff from mexico. >> this is one of the most misunderstood of the trump tariffs. mc, for example, bare bears the burden of the tariffs in the form of lower exports, lower prices for the products. lower profits for the companies. the government of mchas borne the burden of those tariffs. in the form of lower tax revenues and lower rate of growth. >> but sfo has the american consumer. >> no. >> and the importers pay for it. >> no, the governments of mcand mexico will pay for it. and the producers in mexico and mcpay for

sides of the two story on the trade front, steve mnuchin, u.s. treasury secretary, is saying we are 90% of the way to a trade deal with china that could come to fruition by the end of this year. sources are telling bloomberg the u.s. could postpone or not enact the threat of another round of tariffs on $300 billion worth of goods, if indeed china agrees to come back to the table, and they find a path forward for negotiations. perhaps even with the face-to-face meeting saturday with xi jinping. speaking of fox news news, donald trump contradicted optimism coming from his treasury secretary and saying, -- could become plan a, if they do not negotiate. everything is up in the air until we have that face-to-face meeting saturday. donald trump going to meet friendlier faces perhaps tomorrow and tonight with the first meetings with scott morrison and then shinzo abe tomorrow. onn the tough one begins saturday. rishaad: i wonder who is going to be representing britain because it is in flux. tell us where we are. david: theresa may. rishaad: she is still

quote very unexciting group of people, as opposed to the rock stars he usually hangs out with like steve mnuchinthey got to be in florida and talk about themselves. my three favorite things a lot going on in the race and there are so many democrats running so we thought we'd help you out. enjoy. ♪ >> bernie sanders, detulsi gabered. >> ebgt warren >> cory booker approve this message >> i'm john hickenlooper >> now who the hell is going to beat me? their policies are the same. >> climate change. >> campaign finance. >> living wage ♪ do not deny social justice ♪ join the fight ♪ we can't afford to lose democratic kand dt democrat democratic candidates are here to change the world today ♪ ♪ democratic candidates are not afraid of donald trump >> when people come after mex that's really, really dumb ♪ ♪ democratic candidate will never defeat donald trump extreme, radical democrats ♪ ♪ thank you very much and did you see the stage tonight? all the candidates were standing in front of the state white house. meanwhile, inside the real white house, trump was looking out the window like why can't i see t