steve, good morning. >> reporter: yeah, very good morning to you good morning, frances and phillip.teresting dissecting this chinese data the slowest growth we've seen in the last couple decades or so. below the ace, and our viewers are smart and can look at this, retail sales up 9.8 industrial activity up 6.3%. there was some interesting impetuses to the upside that beat coming into the figures, as well no doubt about, it the lowest figures in 27 years. elsewhere, amazon prime day today and tomorrow the likes of walmart, kohl's, they're fighting back, as well walmart's got a host of technology deals including xbox 1 bundles, nintendo switch bundles, as well it does really pay to shop around despite the fact that amazon prime, of course, have collared this two-day phenomena, as well. else where gas prices very interesting. they've jumped a dime, that's ten cents to you non-americans out there. jumped a dime in the last three weeks. that's having -- despite falling 24 cents in the prior seven weeks, as well as usual, down in baton rouge, louisiana, some of the cheapest per-gallon pri

phillip rucker, annie karni, thank you for being with me. >>> joining me steve kornacki, democratic strategist and distinguished lecturer from new york, basil and nbc political analyst rick tyler. steve, let me start with you. you've got a fascinating new project. i'm very excited about it. looking at how the power of african-american voters inside the democratic party evolved over time. what have you found? >> it's interesting because we always talk about the importance of black voters in the democratic presidential race. we thought we would put some numbers and some history to it. one thing we did here for this project is we went back and found every exit poll, every state primary caucus exit poll going back to when they started taking them, 1976. one thing that jumps out right away, you compare '76 to the most recent race in 2016, in '76 less than 10% of all votes cast in democratic primaries were from black voters. in 2016 that clinton-sanders race, 24%. we expect in 2020 it will be at least that high. basically one out of every four votes cast in democratic primaries come from black voter

steve: okay. so how did they react when they found out that it wasn't trump and it was obama. here with more is campus reform cabot phillipsor having me on. steve: you red this statement and said this is from a president. they did the math and figured oh that's got to be donald trump, right? >> exactly what happened. predictably every students said this is white supremacist, rhetoric. horrible, evil. i talked to thousands of students i have seen the rhetoric grow. when you teach people to oppose things based simply on who is proposing them. basically on who is saying them in this case donald trump. people get left out to dry, they realize they hate things not the idea or the but because a president they don't like said it. watch what happened when i told the students that the white supremacist they hated was actually from their beloved president obama. >> i'm going to show you the person that said that quote. is that surprising? >> yeah. a little bit. >> why is that surprises? >> because i thought it was the trump administration. >> quite surprising. i thought it was from trump. >> they didn't expect it to be obama. >> do

the phillips curve he's also worried about the global manufacturing pullback. has the fed just given the green light for this rally to keep going? steve grasso is here, he's a cnbc fast money trader, also, julia coronado, president and found of macro policy perspectives welcome to both of you let's start with the inflation issue, which i think, steve, mr. powell referred to multiple times during his testimony, that inflation wasn't quite at the level that they would like, or at least they're not worried about it heating up very much. but today comes news that inflation is, i think, at the consumer level, as high as it has been a year and a half, above 2% >> identikind of ironic, right,r to your point. but you know what was also ironic is that in december, when they were raising rates, he was -- powell was just as enamored by lack of inflation as he is today. and yet you kind of see inflation moving a little bit higher now so it is ironic where he's standing and speaking from, because back in december, you could have said everythingthat he's been saying at these hearings, could you not. and yet a different action coming out of the chai

steve: what we heard from mike pompeo. thank you very much, griff. it was good to hear congressman phillipstraordinary job during the crisis. griff is right. the border crisis in the eye of the beholders. republicans see one set of problems and things they would like to fix, better border security where a number of democrats see it as humanitarian problem and particularly with the family separation. ainsley: yeah, we did interview mike pompeo earlier in the show. he was talking about meeting with the leader in el salvador. that leader says, we don't want your money for america. steve: they want the money. ainsley: our president said he will not give them the money. we're giving them money, they're not using it the way we want them to use it. folks are fleeing the country instead of improving it. brian: what else can they do, if you look at numbers, they're not. guatemala, 250,000 guatemalans coming here. economy growing 2.4%. homicide rate is cut in half. what is happening since 2015 with these asylum laws passed, word gets out, grab a kid, you get in. i will try for a better life. not desp

announcer: ladies and gentlemen, please welcome the best-selling author of "brown is the new white," steve phillips. [applause] steve: good morning. audience: good morning. steve: i'm delighted to be here. this is my first bioneers conference, so i'm honored to be with y you here. [cheering and applause] and i'm particularly delighted to be able to introduce the keynote speaker vien truong. her bio and all of her accomplishments are online, and ou