but start with steve mnuchin's comments.ow did that compare with what we thought was going to happen? marks: plenty of question lingering. he said he spoke with jay powell about the potential impact of the coronavirus. he sees that playing out in china. for the u.s. economy, he does not see repercussions going beyond 2020. he did note in the senate finance committee hearing that two of the four weeks of data is needed for an evaluation can be made. this when companies such as carnival are fighting pressure on earnings and more flights are being canceled given the potential exposure to the outbreak. we have written now that a lot of investors are looking forward to the future and starting to buy the dip created in the market. what to those investors still have to fear? sophie: with the implications of the supply chain, that is what we are still trying to understand given that factories have suspended operations on the mainland with several slowly coming back online. started onissan only the 17th. one million workers will be b

charles: steve mnuchin cracking down on cryptocurrency? >> yeah, they're piling on the regulations.: they are. he made his opposition to it pretty clear. i thought it was interesting because you have the trump administration not too happy with it. you have maxine waters not too happy with it. wall street banks not too happy with it. but the american public, there is appetite for cryptocurrency. >> look at it. it punched through the 10,222-dollar level. the question, what is driving this rally we've seen of several thousand dollars moving to the upside even as this atmosphere of regulation on behalf of the u.s. treasury department continues to pile higher and deeper. what i find so interesting, charles as well. there is one country that has just filed 84 patents to create a central bank cryptocurrency. can you guess which country that is? charles: china. >> exactly. china. charles: ding, ding. >> yea, charles. that plus ray j scooters can get you a nickel. we're looking at this very closely because we're wondering what's behind the rally. if china is ahead of us, more regulation. we'

you can come and watch the trade reading and watch people like you and larry kudlow in steve mnuchin make one side of the trade argument in lighthizer on the other and physically almost sometimes come to blows over trade policy. that's how the president manages. want to hear your side of things at his side of things. >> you are saying here i would like this out of your thing and this out of your thing and make a policy that makes sense and that's exactly what you would want for president. as a result you end up with what you got. does everybody think the tariffs were a great thing in the administration? >> i could convince you in 15 minutes that trading linen for wine in portugal and england which is the example we were taught in school is good for everybody but that's not the real world. >> it makes a big difference when you trade as a community organizer with someone who is run a successful business. [applause] one of the things i find so troubling in the ways of the left and the media portraying trump he cares about rich people and incorporates and i found almost every meeting and

. >> so you go so to believe that you understand the motives of steve mnuchin for saying that, that it's because he has wealthy donors and they don't want those polici to affect them. >> yeah. now, peop-- most people are pretty good at convincinglv them that they're being honest even when they're not, right? even wheit's actually motivated. but if you want to ask what's driving this, that's what it's about. >> i read your column this week, and, you know, one of the ways you approach theserguments is that you lay out an argument that's very sound, but then you have this throwaway line. it's something to the effect of "republicans don't want to admiv thatnment can do anything effectively, because if they did, then maybe they'd realize it could help with healthcare, too." right? and it was in a contextof republicans have no interest in doing something for the greater good," right? do you think that undermines your ability to engage and win the argument? >> no, i don't think so, because you need to be careful about what i'm saying. i'm not saying that every one, "very person who says "i am a

patrick is still with us i wanted to bring in comments from steve mnuchin yesterday he said there hadmpact on the u.s. economy. do you think u.s. investors are taking that as a bit of a green light? >> it is interesting that the revenues in the states are still predicted t predicted to grow 5% there is a 95% predicted revenue. you are looking at the european revenues coming down it is quite interesting that all this worry about the virus, people have been rushing to the u.s. rather than anywhere else in the world it is a safe harbor. the u.s. is being seen as a safe haven. the trouble is the impact and the first quarter. you have two big tech companies reporting. i don't think it is being framed properly just yet. the national association of small businesses said business is booming in the last month some of the international companies that have supply lines might be more difficult but the u.s. is relatively contained at the moment if you are right, you should get performance at this time of the year i do agree with that statement >> it is either the inflows that go into the stock mar

david: treasury secretary steve >mnuchin, it got heated today.that, senatsense majority leader mitch mcconnell said he may not bring up this budget, he believes house democrats will not sign off on the budget the way it is, he wants to bring it up only when in agreement. senate financial services committee it got heated at times, democrat argue that obama era created more jobs, than first 3 of trump administration. and mnuchin shot back saying that wage growth is better under president trump and that unemployment below 4%. and still senator ron wyden saying that proposed budget does nothing for the economy. >> the trump administration budget is built on policies that pillage multinational corporations and the wealthy. reporter: mnuchin defends that budget and tax cuts, reasons a trillion dollar has come back in from overseas, to u.s. as companies move their money back to the united states he pointed out that wages, of blue collar workers are rising faster than wages of wealthy americans, and to the touting this economy. >> we cut taxes and regula

. >> let me play fror you guys a sound bite from steve mnuchin who was asked about this as to why her nomination for that post was withdrawn. watch this. >> can you tell me why your none nation was withdrawn? >> i think you know nominations are at the president's direction and we don't comment when nominations, as a matter of policy, when nominations are withdrawn, which happy for a variety of different reasons a the different times when that's done. >> absent any plausible explanation, i hope you know you're more or less underoave k for two days, it appears this is another stop on the president's personal retribution tour. >> let me get your reaction to the breaking news you just heard there. you had the explanation or lack the thereof essentially saying this is the president's decision and how we have been seeing the president behave over the last couple of days. it is hard to not look at this and say there are political sensitivities as to what jesse liu was doing and why her nomination was withdrawn. >> brown said it beautifully, it is the president's retribution tour. it's like a

treasury secretary steve mnuchin says he doesn't see china having any issues fulfilling the phase one deal. we're seeing basically u.s. companies talking about this in their warnings for their forecasts. adidas, disney, yum! brands, ralph lauren, tapestry, standard charter says the coronavirus is a black swan event. wall street is on it. you're final word? >> i think it could be a black swan event, a quarterly invent or maybe yearly impact but not not black plague event. liz: bernie sanders's own former 2016 campaign manager warning bernie's socialism will not beat president trump. the story coming up. ♪ ♪ ♪ ♪ wherever we want to go, we just have to start. autosave your way there with chase. chase. make more of what's yours. there's a company that's talked than me: jd power.people 448,134 to be exact. they answered 410 questions in 8 categories about vehicle quality. and when they were done, chevy earned more j.d. power quality awards across cars, trucks and suvs than any other brand over the last four years. so on behalf of chevrolet, i want to say "thank you, real people." you're we

steve mnuchin was on "mornings with maria" earlier and he said would china roll back more tariffs. he said we're holding it in our back pocket, as we do the phase two negotiations. something to watch for for sure. things propelling the dow higher. boeing was a big problem. a software problem identified here. the faa thinks it could be resolved rather quickly. boeing shares were up 3.6%. microsoft doing well, up better than 2% on the session. apple, 1.1% on session. walgreen boots, walt disney seeing nice gains, guys. melissa: jackie, thank you. connell: to talk about the gains in the market, gary b. smith, kadena group president and fox news contributor. perfect person to talk to. we joke about the market. you've been a doubting thomas. here we go, the rally that never ends. what do you make of it? >> first of all you brought up the doubting thomas thing. i don't think that is a fair way to start off but you're absolutely right! you gigging me, connell, fine. but i have been. i'll tell you why, even like a few weeks ago i said, probably there has to be a black swan out there. i tho

i want to dovetail here because you talk about the s.e.c., yet steve mnuchin, treasury secretary, piling on the regulations. now, i understand the motivation is to protect investors, but on the other hand, china has just filed some 84 patents by its central bank to create a digital yuan, digital currency. we can put up some of the thuins they want to do with these patents but does that put us behind as they look to integrate digital currency wallets into retail bank accounts? it's almost like they are encouraging basic retail investors and people with bank accounts to get into crypto. >> yeah. at some level, they are. i'm not sure it's the fullest expression of crypto they are really encouraging people towards but they are taking bits and pieces and building it. but for me, when i look at the united states, it has always been a place where innovation happens primarily in the private sector. what we need is a more open environment, again, encouraged by s.e.c. commissioner's proposal last week to allow private companies to innovate and actually create the technology, create these products

meanwhile treasury secretary steve mnuchin saying just moments ago he doesn't expect the coronavirusr economy beyond 2020. this as the virus now affected more than 45,000 people around the world. it has killed more than 1100. "claman countdown" host liz claman joins me now. liz, all right, you know one company helping in the effort to find a vaccine, right? >> it is almost like "the hunger games" for the race to find a vaccine. you've been covering gilead. ma ma derna, j&j. many companies trying to find the vaccines a new name is being thrown into the race. this is imunotech. this is what we want to stress. this is a microcap. you guys have to be very careful when it comes to these stocks because the swings can be incredibly volatile. charles. charles: yeah. >> you looked at that type of thing. the department of defense has granted them money or test or look into one of their drugs that is actually used for other things. they're going to see if it works. we have a fox business exclusive with the ceo, thomas equels. this is important. everybody needs to be careful. this race could be

>> we know what steve mnuchin will do and now is as good a time as any., there's news that broke yesterday that donald trump's allies in the senate, senators ron johnson and senator chuck grassley asked the treasury department for financial, sensitive and very secretive financial records about hunter biden's financial dealings without a subpoena. treasury department offered them over. this is someone who was investigated and justice was adjudicated in ukraine and someone that now donald trump's allies in the senate are investigating with the help of the executive branch. >> and not only are republicans not standing up to him, which we've been talking about for years, they would become active accomplices. >> i think that's the point. what will they do? >> i don't know if there's any levels here. this was is always the most dangerous moment of the impeachment, which is what does a president who has no checks on him do? what does a on the donald trump do that he had no one around him that tells him to be decent, responsible or coherent. what if donald trump,

in the world of finance thought that his record should be clear including rupert murdoch, and steve mnuchin the owner of the san francisco 49ers was convicted of a bribery scene and he had to give up the nfl team, but he did not give up the friends and among those who wanted clemency for him, several nfl stars and the billionaire owners of the patriots and cowboys, robert kraft and jerry jones. >> and so, the president's clemencies also have a number of celebrity connections it seems. >> yes, the former illinois governor rod blagojevich, and in his case, he tried to sell a senate seat vacated by barack obama, and he is sentenced to 14 years and trump cut it off to eight, and said he should go home to the family, and the conviction was ridiculous, and he does not know him well, but he was on "celebrity apprentice" and his wife was on fox news repeatedly asking the president to set him free, and bernie kashg w keric was the former commissioner of the new york police department convicted of tax fraud and sentenced to four years and now the record is clear as well, and what helped him? ties to

jesse lieu was nominated for a position at treasury, not just so that, you know, because steve mnuchin wanted to have her on board but to get her out of the way at a time when barr knew that the prosecutors in that office would be setting sentencing guidelines. and in addition, we've seen also tucker carlson weigh in. there's an entire web that's been built up behind the scenes we've seen thanks to reporting. that's extremely concerning because it's against any precedent of the past. and that's why we're seeing a lot of alarm within prosecutors offices and within the department of justice. >> there's indications and reporting that the jesse lu nomination was pulled this week because they didn't want her to have to testify at a confirmation hearing, under oath, about what she saw or what she believed. david gregory, you are well sourced in the washington legal community and also in the institutions down there. so i want to know what you're hearing about the level of concern over what is being seen this week, not just in the justice department, but overall, the level of concern and why e

two from the economic side of things, treasury secretary steve mnuchin and chair of the national economic council larry kudlow, along with two medical professionals, surgeon general dr. jerome adams and the top government official combating hiv aids debbie bixx. then he went over here to chair a meeting. >> the president's whole of government approach, precisely the whole task force has been about but my presence here today, working with you each and every day in the days ahead i hope gives evidence of the priority the president placed on this work. reporter: now the vice president also says after that press conference last night he ended up speaking with the top democrat and republicans, democrat leadership an republican leadership in the house and senate regarding the coronavirus spending package. >> we're beginning discussions over an additional supplemental bill. we'll be leaning on the task force for guidance but those were productive conversations and very positive. this is the time when the president's made clear we want all hands on deck. reporter: part of the message from the tru

steve mnuchin says not seeking growth in 2020 blaming in part the grounding of the 737 max from boeing a massive u.s. exporter and that will have an impact. no economist out there over the last 10, 11 months expected 3% growth this year. perhaps a little unrealistic there. and another part of the economy might see positive news. jobs numbers coming out later today. economists expecting 158,000 new non-agriculture jobs to be added to the economy. higher than the 145,000 we saw for the month of december. one reason for that might be warm weather. it's allowed people like construction workers to get out and about working outside without the need to stay indoors in shelter from what is normally much colder weather. might be a reason for bump in job numbers. >> thoughts quickly on what you're keeping an eye on for not just the global markets but around the globe? >> in the u.s. the fed, federal reserve, will have out data for the month of december focussing on consumer credit, personal loans, car loans. expecting that overall number to increase $14 billion compared to the previous month and

steve mnuchin mepgsed this yesterday and i think the market is ignoring that i think that's where they'llespond. l they'll throw more stimulus at the problem. not sure it's going to work, but i'm sure it's going to end up in some of these assets >> thank you, sir. we'll let you get back to it >>> how about retail where the etf is on pace for its worst day since last august and companies like nike and tapestry are seeing some of their worst single day losses since the trade war with china joining me now, an analyst at oppenheimer and courtney reagan is here with me as well. courtney, i'll first start with you on the news itself is this more a supply story or a demand story r or is the problem both >> it could be both, either/or, neither. this is so company by company much like the tariff exposure was. how much do you produce in china and how dependent upon your customers in china and customers traveling out of china in other places canada goose was probably the most severe in their commentary on the earnings call this isn't a supply issue, but demand, you bet. we also really count on the c

. >>> treasure secretary steve mnuchin is facing questions after president trump this week pulled the nomination of former u.s. attorney jesse liu to a high ranking post in the treasury department. liu is a former u.s. attorney who supervised the case against roger stone and oversaw the proceedings against former national security adviser michael flynn and former trump campaign deputy chair rick gates. in an appearance just yesterday, secretary mnuchin refused to say if her nomination was pulled because of her direct ties to any of the cases i just laid out. >> can you tell me why her nomination was withdrawn? >> i think you know nominations are at the president's direction, andnt we don't comme when nominations as a matter of policy, when nominations are withdrawn, which happened for a variety of different reasons at different times why that's done. >> so you don't have any knowledge, any opinion or knowledge of why she was withdrawn? >> again, what i have said is ah a matter of policy the white house does not -- >> i'm going to give you a second chance mr. secretary. you may know th

however, treasury secretary steve mnuchin did say that regulations are going to be coming out soon for we are still waiting for details on that. but that did cause some volatility in bitcoin, but still, look at that, still so far away from its high back in december 2017, hitting $19,650. charles, i know, are you invested in any bitcoin related properties or assets? charles: not yet. i'm watching it close. kristina: i'm watching it too. these bulls think in may, you are going to see the price skyrocket. i have seen numbers of $100,000. charles: i got to be honest, just from looking at the chart, it's getting to a point of a major breakout. this is if you don't look at the underlying fundamentals at all. this is a great story. thank you very much. kristina: thank you. charles: tensions in the tech world, folks, as elon musk is calling out bill gates. sort of, right? here's the thing. musk took a shot at bill gates on social media, calling his fellow billionaire underwhelming after the microsoft co-founder says he bought an electric porsche. gates has concerns over how far any electric ca

the treasury secretary steve mnuchin and national economic council, head of nec, larry kudlow.on the medical side of things. surgeon general dr. jerome adams. the top official in charge of combating hiv/aids, ambassador debbie birx. when speaking to activists and conservative leaders at cpac tried to provide some reassurances. >> while the risk to the american public remains low, as the president said yesterday, we're ready. we're ready for anything. i promise you, we will continue to bring the full resources of the federal government to bear to protect the american people. reporter: up on capitol hill earlier today the health and human services secretary alex azar said that the ability to test for coronavirus could potentially be increasing in the upcoming days. >> at least 40 public health laboratories should be able to test using modified, existing cdc test kits. in addition to newly manufactured cdc test can be sent to 93 public health labs as soon as monday. there is privately manufactured test based on the new cdc test sent to the same labs tomorrow, pending fda clearance

. >> so when you here freshly secretary steve mnuchin saying they are not achieving the growth they predicted3%, tell me why. >> yeah, we're not going to achieve 3%. one is because we've got -- we are not investing. we have now -- are in our third quarter in the row as of the fourth quarter of last year of a contraction in investment in the u.s. economy. we saw that in response from everything from abroad to the trade wars. that uncertainty we think will continue to suppress investment from the coronavirus and ongoing tariffs we still have on many goods in the first quarter. so we still -- we've lifted some of the uncertainty with regard to trade wars with the phase one china deal. didn't solve all our problems with china but now we have this other issue on the horizon and, you know, with he keep getting hit with these waves. we've proven resilient with the help with the fed but it's hard to get near 3% growth in an economy where you don't have that much labor force growth nor productivity growth. >> a strong jobs report this month, the trump economy doing very well, so was obamas, we know ho

secretary and kid on "bring your child to work day" watching his dad get chewed out by the boss, steve mnuchinde how much taxpayers have spent sending trump on his golf outings. he wants to delay disclosure of secret service spending on presidential travel until after the 2020 election. >> audience: boo! >> stephen: not telling us that till after we vote is like sharing your s.t.d. history with your partner after you have sex. "no, no, no, no. it's cool, babe. that tingling sensation means the sex is working. ( laughter ) and it's never going to stop working, baby." we do know the secret service bill is going to be pretty big. for example, we spent $96 million on barack obama over eight years. but in 2017, we spent $13.6 million on trump in just one month. and over the past two years, we've spent $588,000 on secret service golf carts alone. that's a lot, but golf carts are critical security vehicles. they can be overtaken only if the terrorists discover "walking briskly." ( laughter ) all right? now-- ( cheers and applause ) ♪ ♪ but we're not just paying for trump. we're also covering the cost

now you have larry kudlow added to that, steve mnuchin, others.s a lot of cops. >> that's a lot of cops. i think it's really important in these instances to make sure you will have a lot of different government agencies playing different roles in this instance, and you know, like for example, at dhs they will be monitoring people at the border as you come in and out. if fema needs to get involved for different instances, cdc when they are implementing quarantines if we get to that stage which nobody has said in the u.s. that we will, so there is going to be some inner agency fighting there. you really do have to have one person at the white house coordinating this, quarterbacking it, who can say you need to stand down, this person needs to ramp up, we are going to move funds in this way. so i think when you start adding more and more senior level people, you do run the risk of that becoming a very crowded environment. that being said, it does seem that to your point, they do want to be communicating more about the economic impact of this, because

last week or so treasury secretary steve mnuchin that said he is looking at regulation when it comescy. i spoke to one expert who is the author of cryptocurrency investing for dummies, she said that can't be the case at all because it is a deregulated currency and it will be impossible to regulate. especially you have to have governments all come together to work on it yet, they're saying they are paying attention to it. so the bidding has now begun. stuart: okay. no throwing shade on bitcoin in this block, that is for sure. ashley: please don't. stuart: we have seen an uptick in violence against trump supporters lately. the man in florida rammed his car into supporters. another man slapped a 15-year-old who happened to be wearing a maga hat. coming you were our moral compass, jonathan morris joins us. i ask him, why don't we listen to each other anymore? why don't we talk to each other civilly anymore? more "varney" after this. ♪. i'm your mother in law. and i like to question your every move. like this left turn. it's the next one. you always drive this slow? how did you make someo

recently the treasury secretary steve mnuchin threatens, this is about five days ago threatened to regulatein and cryptocurrencies. i spoke to the author of cryptocurrency investing for dummies. she said that is not possible. >> this coin is not the u.s. property to regulate. bitcoin is very international. if any government, if governments want to regulate bitcoin, probably all the governments on earth have to come together and come up with a solution. reporter: bitcoin as we know is a decentralized digital currency. they don't have a central bank. there is no single american straight tore like our guest said like the government. making it all the more difficult to regulate but you can be sure, banks and governments, big-time investors are paying close attention to this volatility. will it climb, neil, to $100,000? that is some of the bull prices that i'm seeing? $100,000 for a bitcoin! neil: i don't get it. if you think about it, the government was supposed to be afraid of the implications of bitcoin. now profiting off a sale of it. it is weird. reporter: exactly. today is the day. neil: t

we now go live to treasury secretary steve mnuchin testifying before the senate finance committee on the senate's 2021 budget request to congress. this hearing just got under way with live coverage on c-span3. >> -- that unilateral measures that discriminate against american companies cannot be tolerated. and we continue to support treasury departments in these negotiations. as this year progresses now, we should build upon these past successes to make sure that treasury and our tax laws are working for the american people. i've seen administration budget proposals from both republican and democratic presidents alike. no matter which party controls the white house, members won't support everything that is in that budget. as a matter of fact, one of our former presidents, i guess it was president obama's last budget, was defeated on a 99-0 vote. as i have said before, in our system the president proposes and congress disposes. even so, today's hearing is part of an important process of looking for things that people on both sides of the aisle can agree on to support the american peopl

wonder if the president's desire for more tax cuts is on the agenda, maria asked treasury secretary steve mnuchinut that yesterday signaling concerns some may have about the debt. maria: 22 trillion-dollar in debt, has people worrying about breaking the bank, sir. >> well, maria, those are very reasonable questions and what i would say is the deficit right now is a percentage of gdp, is manageable but we need to work down the deficit over time. under the president's budget proposal we reduced that significantly over the next 10 years and what we really need to do, maria, is pretty simple, we need to grow the economy faster than we grow government spending, the tax cuts i think will pay for themselves, but that was always back-ended in the front part it was growing the economy. dagen: joining us the ranking member of the house ways and means committee, congressman kevin brady, good to see you as always. given the display by democrats, their push to impeach this president and then certainly what we saw at the state of the union address from house speaker nancy pelosi, is there any shot in the next

the germans continue to hoard their cash i want the chinese to sell their treasuries and i want steve mnuchin to have a behind the scenes conference call and come out and say listen, other countries are doing the right thing. if they're not, we're going to urge them toand i think that w do have to worry about the business of other countries. are you not worried about a buyer? >> no, listen, a lot of this is a result of concerns about slowdowns in economic activity in other countries of course with china, which by the way we don't know exactly what the damage has been there >> they have $1 trillion in treasury what are they doing? they have an unbelievable win. are they not savvy at all? i keep hearing about all these institutions let's talk about -- the idea the chinese stock market barely lost anything -- >> shares were up for the week yesterday. >> my stepson is a great chinese scholar. you have to register with the government to sell what is that call like i got to blow out of a lot of baidu. i'll blow your head off if you buy a lot of baidu that'smetaphorically speaking. this is the time

administration, we will talk with steve mnuchin on this, your reaction to china and the cutting of tariffse? maria: olive branch? >> obviously it's great news for chinese consumers, prices went down on american products, great news for u.s. exporters, i would hope this is one more element that gets companies in the u.s. specifically their ceo's more excited to invest now because they know trade tensions are coming down. >> the trade deficit and a half row for the first time in 6 years. >> a lot coming up, google and facebook about face, technology giant is going after one ai company over facial recognition, wait till you hear that story, talk about losing your appetite, we will tell you how much you are really spending with food delivery apps coming up. plus hot spot, cheapest piece of property in one american city, get this it's a parking space, price tag making a buzz this morning, we've got it for you coming up. coronavirus, death toll shooting 500 with 12 confirmed cases in the united states. markets pointing another rally at the start of trade, markets liking the chinese trade situati

we will also hear about the budget this time from the treasury secretary, steve mnuchin.ustin is up next in baltimore, independent line. caller: hey, thanks for taking my call. host: sure. caller: i just wanted to make a few points. a lot of people are calling a demonizing and vilifying socialism, it is like, "oh, my and most of european south america are socialist. open your eyes." donald trump, he is a corporate socialist. what did he do when he first came into office? p gave away $1.5 trillion to people who do not need it. look at fdr and the new deal. when we went through the great depression, all of the policies he proposed were socialist, because the wealthy and the elite, they want to demonize the word and not have people think about what it actually means, and the reason i know bernie sanders will come through with what he promises is because he has never taken a penny from anybody but working-class people. so who am i going to try to take care of us? 25 years ofworking my life, paying taxes, paying into social security, paying into medicare, and i want to see a r

i want to very quickly, trump administration, this is from steve mnuchin.he manipulation of elections to favor the regime's malign agenda. they are going after them with sanctions. stuart: what they are doing, sanctioning the people who are censoring the candidates. ashley: correct. stuart: so they might have a more free and open election. ashley: that's the hope. stuart: that's the hope. moving in the right direction. ashley: it's pressure. stuart: good stuff. we have roger stone, former trump advisor, he is in court right now for his sentencing. stone will be given a chance to speak. the judge will delay the terms of the punishment. waiting to see if stone's request for a new trial is approved. all rise, as we used to say. fox news senior judicial analyst judge napolitano is here. why should he get a new trial? >> because he didn't get a fair one because the foreperson of the jury when asked, do you have any prejudice against this defendant, said no. may have been a truthful answer but it wasn't a complete answer. she should have said, by the way i've bee

mnuchin. >> worked in the justice department, appointed by the trump administration even before that. >> yes. >> the question is so what now? so what will be done with these lists? and i'm asking steven mention to "the washington post" of donald trump. he says now he understands how to use the full powers of the presidency. the pearl clutchers better get used to it. does this indicate that you will be -- the president sees no boundaries to this anymore. >> we've seen people get marged out and fired and nominations withdrawn. the question is the scale of it. the ambition is there. johnny mcentee has been given the purview to clean house, quote unquote. this is not just one agency. this is not just clearing out the fbi. this is across government. so president trump has talked about snakes, quote unquote, at state departments. the pentagon, they recently fired the number three there. including members of ground swell or campaigning against. so obviously they're

they have their steve bannon and they have peter navarro. they have their steven mnuchin. and that debate is part of what i'm supposed to be following, because i've known some of these scholars and former officials for 30 years. >> let me actually go there with you next, the china sector you have written the book 100 your marathon that's never required reading in all of washington. it's an excellent book. when you go to china now, when i travel to china very frequently, i see the hardliners winning. it's harder and harder for the reformers who want domestic reform for the own purposes much less anyone who wants political reform to really get the ear of their president. and the worry is that the hardliners on both sides are winning and that's tried it as a partner is what you see? >> yes, it is also at henry kissinger warned about in the very last chapter of his book on china, that is nightmare, and he forecast what he called an unfathomable war on the skill of world war i between the u.s. and china. if the hawks on both sides got into power. and imagine, i got the title 10

powerful secretary of state has become particularly powerful over the course of the last year stop steve mnuchincial to the brexit talks with the united kingdom. just behind him. we also see bill barr, the attorney general who has been so central in this impeachment story over the last few months. shaking hands with... national security advisor there. we don't know who the designated survivor is. the designated survivor goes to an undisclosed location which is widely known to be a facility in virginia about an hour ago. it was the energy secretary last time. last year, ikard... ithink it secretary last time. last year, ikard... i think it was last year. i will take elaine chow, who is the housing secretary... she was the longest serving secretary in the whole of the bush administration. she could be transport. betsy device, who is campaigning for the president out in iowa just a couple of days ago,... let's look at these pictures. what do you make, marianne, in boston, of the democrats who decided not to be there tonight? i am seeing around seven of them, one of them is from new york, the congre

maria: steve mnuchin will appear before the senate finance committee to discuss the trump administration's$4.2 trillion plan aiming to lower the deficit by $4.6 trillion over ten years, dedicate money toward infrastructure, the border and medicare welfare reforms. it is certainly a long time before we are going to see any balance in this budget. >> we are way out of balance. we don't have a mortgage, we have a jumbo mortgage that will take decades to pay down but we have got to have some focus on it. the trump administration is starting to articulate even more here are the ways to chip away at our debt and deficit. the decision has to be made. they are spending more on homelessness and thus in other areas, more on coronavirus, less in other areas trying to not only get back to balance but how to set aside some priorities. they have optimistic and economic growth numbers for every year, 3% growth but a positive thing, we have seen incredible growth in our economy but we have got to makes and serious decisions in what our national priorities, how we deal with waste and fraud and abuse but ho