steve rattner, you know microeconomics are the foundation of all this. roeconomics of cheap money is build supply. steve r: i think it or quote points out, and i agree with the point, you have all this production coming on stream, some with relatively low marginal price of production. even higher cost producers are producing for the reasons he said. by don't see this commodity weakness ending anytime soon. stephanie: matt miller, what is the terminal telling us? about commodity prices, if you are looking at glencore, have an interesting chart for glencore. and that is the fault risk, which continues to rise -- i'm locked out of there. stephanie: really? matt: he continues to rise. it has come down a little bit over the last week. we've seen the price of glencore,. -- come up. you can see commodities prices continue to come down but we are seeing a bit of a reversal of that trade today and on friday. and also a reversal of the glencore plummeting today on friday. over the last friday's you've seen glencore rise and take back what lost on monday. it still d

david: steve rattner reputation in the business community is not so hot.r car czar. >> calling her worst executive ever. that no one else picked her up after she left hp. david: should be proud of this woman. started as secretary. moved up to ceo. >> come on. david: no you come on. that was at a time when the whole high-tech community was just floundering. >> it is true. david: come on. >> they were very few women. she does have that going for her. look, it was become well-known she was firing 30,000 people she was taking home $100 million in compensation i don't think that will go well with woman of the people image, all right. richard, what about another person of the people, so-called, bernie sanders? he is now outperforming hillary clinton in polls in iowa and, and new hampshire. is that, is he now become a complete threat to hillary on his own? >> i think hillary clinton campaign is worried about him. this is not surprise to any democrat, bernie sanders speaks to a wing of the party feels as though nobody is talking to them. david: we see polls showin

and steve rattner joins us, who better to chime in on the volkswagen fallout. foeve is the

you guys just crawled all over steve rattner this morning. >> poor steve. >> it was all gang on and ichance to forcefully come forward and i can't be on every morning. >> okay. so let me -- >> it's really early. look you're not free at 6? >> exactly. no, only 8:30. >> we watched hillary clinton's evolution on the latest tpp. and some might say that she would sometimes say things just in order to get elected as opposed to truly believing in them. is that not a fair concern? it's a question. >> i think my point is, mika, that i think it's a fair concern, i think it's a fair question but in the context of that conversation, i think it would have been helpful to the bring up the fact that the exact same thing has occurred with marco rubio and jeb bush. >> we say that when it happens. >> we think that's why they're doing badly. >> i wish you had the same for me when they all attacked me for defending jeb bush. you were the apex pred pred for of hillary clinton -- is she telling the truth as the secretary of state? i have no dog in the fight, i don't care whether it's her, i don't care how

. >> you know, mika, steve rattner is here. >> thank god. >> and rattner brings charts. >> i think theobs have come back very strong. how much credit to you give president obama for that? >> well, i mean, they did a bailout and that's fine and they're there. i'm glad they're there. am i running around pinning a medal on the president? i haven't done that. but i'll tell you what else i haven't done. i ran for reelection and didn't spend my team beating him over the head. >> you were there -- why don't i give you some credit, too. >> no, not but. >> i want john to say that one thing president obama did was good. >> look, i'm not app obama hater here. i don't agree with him. okay, so he did well on that but you know what he didn't do well on? growing this economy, steve. he's a government interventionist, a big government guy. what about balancing the budget? what about cutting taxes? om going to tell you a story. i called one of the high level economic officials in the obama administration and said why don't you bring all those profits home from europe so we can have a real stimulus pack

we have the managing editor of bloomberg politics, mark halperin, economic analyst steve rattner and selfie vote," kristen anderson. did you see larry david in. >> it was unbelievable. >> or was it bernie sanders? >> that's the question. you can't tell. they should send larry david out to campaign for bernie sanders. >> when you are waiting for 17-year-old to come home, you actually watch "saturday night live." >> we have it. can i show it? >> come on. >> how would you each differentiate yourself from the obama administration? >> for me, i'm an outsider, anderson. i'm the on candidate up there who's not a billionaire. would have a super pac, i don't even have a back pack. i carry my stuff around loose in my arms, you know, between classes. i own one pair of underwear, that's it! some of these billionaires, they got three, four pairs and i don't have a dryer. have i to put my clothes on the radiator. >> reporter: do you have more than one pair of underwear? [ laughter ] >> no, no, no, this is a serious question. i mean, we had the ellen dancing thing. this is a country in crisis and t

. >> let me go to steve rattner.act checking issues, follow up on that. >> i thought trump was great. he really was prepared. he punched and it worked. he punched below the belt in the fact that john kasich was not a managing general partner of lehman brothers. that was way off the mark. look, the biggest problem with last night, in my opinion, you have a bunch of candidates out there claiming to be fiscally responsible hard rights with plans that are crazy. trump with a $10 trillion tax cut, bush with a large tax cut. even somebody like rubio, he's got a $2.5 trillion plan that would cost the government $2.5 trillion over the next ten years. everybody was throwing out all of this stuff, 15% flat tax, 10% flat tax and none of it is fiscally responsible in any sense of the word. >>> coming up next, presidential candidate carly fiorina. "morning joe" will be back in a moment. ♪ ♪ [ girl ] my mom, she makes underwater fans that are powered by the moon. ♪ [ birds squawking ] my mom makes airplane engines that can talk. [

steve rattner comes back from california and more excited about american ingenuity. he said everybody is rushing to america because they go to silicon valley and they think everything is possible. as far as energy we've created an energy revolution. our deficit has gone down. our economy has levelled out. we got the strongest military in the world. nobody comes close to america's influence culturally. are we in good shape? yeah. is washington dysfunctional? yeah. would i have a guy i like operate on my brain? no i would not. would i have a guy who has no idea run the most complicated government in the history of the world? no. one of the reasons why we're in trouble we let a guy named barack obama who wasn't ready to be president become president and he's fouled up foreign policy. i think experience is not a bad thing. >> go anywhere in the country get 12 republicans in the focus group, how many people would like more of the same, parental you would -- >> no, no. i wouldn't like more of the same. but come on. there is a middle ground between barack obama and ben cars