up next president trump's tepid defense to chief strategist steve bannon. i asked president trump about the feuding and new reporting live from the white house. where's jack? he's on holiday. what do you need? i need the temperature for pipe five. ask the new guy. the new guy? jack trained him. jack's guidance would be to maintain the temperature at negative 160 degrees celsius. that doesn't sound like jack. actually, jack would say, hey mate, just cool it to minus 160 and we're set.

a bit of this tepid start even though the product has potential.illed as a flagship government savings programme? right now and none of them are. skipton building society says it will launch one in june. building society says it will launch one injune. some are saying that they are, gated products. itried one injune. some are saying that they are, gated products. i tried to explain the pension scenario and it's not something you can do on the afternoon news —— complicated products. i guess the banks are worried that the products are too complex. i heard whispers about mis—selling claims down the line. but those are some of the whispers we are hearing. so potentially the fear of another mis—selling scandal. sadly we have to leave it there. guy talking about that new lisa. a quick word on what is happening in the stock market, particularly the ftse 100. the blue—chip major market in the uk here. shares dropping on thursday after minutes of the federal reserve's last meeting indicating the bank in the states would shrink its balance sheets later this

he is unhappy implementing bannon's agenda and not the other way around, another source says the tepid enforcement was a warning that he's grown tired of other infighting. and we're told bannon is getting credit for the pop list kind of blow it up idea, he doesn't want to give bannon all the credit. >> describing him as a guy who works to me to the wall street jury room. >> and the passenger pulled screaming from the united air lines flight will speak publicly this morning for the first time at a news conference. attorneys are looking for -- preserved including a cockpit flight recording. three aufrss haofficers have no placed on leave. in the meantime united airlines will refund all flights for all passengers. >>> we speak with the commanding battle -- a fresh look at operation inherent resolve live from iraq. finding time to get things done isn't easy. but we've got the digital tools to help. now with xfinity's my account, you can figure things out easily, so you won't even have to call us. change your wifi password to something you can actually remember, instantly. add that premium

goddy. . >>> first we get some great numberings from cyclical stocks, then today begwe get an incredi tepidt quarter growth profit period, which makes it hard to figure out what's exactly happening with the economy. but you can always fall back on high quality, high growth biotechs that should keep making their numbers regardless of the company. take biopharmaceutical, which have insanely expensive therapies for good reason, because they are the only medications that can help people with diseases that no other company has drug that will treat them. they have treatments for rare metabolic disorders. plus just yesterday, the fda approved birnora, which treats ultrarare, ultraterminal brain disorder found in some children, binora stock has rallied to today. can kit keep climbing? let's go to the ceo of binural pharmaceutical. we know that the whole pharmaceutical industry at times is not understood. we have a drug that biomarin developed, but it took four years to develop and it saves lives, that's a decent tradeoff for the system, isn't it? >> obviously the system will have to determine that,

negotiations are pretty tepid. >> that is definitely true.rowth be a little bit smaller this coming fiscal year then it was last year. that points to two decades of malaise in japan. the so-called deflationary in japaneseery much corporations. they are worried about demographics going in the wrong direction. they are also worried about overseas economic growth. the new trump administration, potential for trade friction, , china isto home always a question whether it is booming are busting good japanese companies have been pretty conservative. we will have to look at that. there are some pockets where are increasing. that is the service industry where labor demand is particularly tight. >> given that you are talking -- patchy recovery, where does that leave the bank of japan? >> we are waiting for them to signal some sort of -- today, i was looking at a speech. at the newr was look recruits the bank of japan today . they had their incoming ceremony for new employees. bland.pretty later thisking that year at some point, maybe in the fourth quar

and it almost appeared as though he was on msnbc's meet the press and making good for a tepid performancengress where he was ambiggious about the wall. but making it clear the administration will pursue illil immigrants. >> it is not so much enforcement as the bully pulpit. it seems what is happening is rhetoric. the question is what is happening in enforcement. and the broad desire for people to see enforcement of the current immigration laws. >> i think you are right and see your reasoning and at the same time the report over the same period there is increase in apprehensions and there was enforcement at the boarder and in addition to interior. and byron your thoughtses on the same subject. >> the change of what is catch and release. under president obama, a person can say i will here to enter illegally. and they give them a piece of paper, and show upon in court in six months and that is ending that practice. word has goept out. and there is interiorp forcement figure on. and focused on people who are hire illegally and some, and we will see you back here at 4:00 p.m. ron is a leader i

and despite a tepid reaction to the mailings, bast believes the tide has turned. are you winning?'re winning big time. 10 years from now, nobody's going to be talking about global warming. it's going to be a bad memory. >> reporter: and not a nightmare. dean reynolds, cbs news, arlington heights, illinois. >> ninan: up next, you could call him a mountain hermit, but he's kept one of the world's most complete records of climate change. change. i even accept i have a higher risk of stroke due to afib, a type of irregular heartbeat not caused by a heart valve problem. but whatever trail i take, i go for my best. so if there's something better than warfarin, i'll go for that too. eliquis. eliquis reduced the risk of stroke better than warfarin, plus had less major bleeding than warfarin. eliquis had both. don't stop taking eliquis unless your doctor tells you to, as stopping increases your risk of having a stroke. eliquis can cause serious and in rare cases fatal bleeding. don't take eliquis if you have an artificial heart valve or abnormal bleeding. whiltaking eliquis, you may bruise

when you look at the markets, i would describe it as a tepid start. it is fairly mixed out there.ull or bear, you can make the case. bond markets, a consistent theme. yields are up across the region. ore prices in china following the fixing after their prices entered the their market into the weekend, yousef. yousef: i am watching some key gainsssets, crude holding after spiking after news of the military strike in syria. it is considering and opec extension. there is a downside with drilling rigs in the united states currently up again. level.key technical south african, a 10 year yield. this is the first day that the bonds are carrying junk grades, first time since 2000. it is two hours away from the start of trading in this part of the world. we will be kicking off with dubai and abu dhabi. dubai losing 0.3%. volumes 30%ng weaker. some strength when it comes to telcos and consumers. the weakness came in the consumer discretionary story. let me break this down for you. the worst performer in this part of the world. , industrials, financials, materials down. were relatively unsca

intermediate there ring about every retailer -- they have been very tepid at best. i think you're going to have the retailers stepping up and saying, not here, not now and with concern about what will ultimately happen to pressure on pricing, their margins great some of that's might be passed on to consumers as well. maybe it's a form of selective taxation like imports. i don't see a broad range adjustment for an export. >> so being selective on which products. ok. i think the challenge of the problem around the border around taxing currency adjustments is that it is not intuitive nor simple. in terms of message and why we are trying to do it. what it really is about is incremental revenue. how do i find taxes and revenues to allow me to do something else. the easiest one that is out there that everyone knows about, whether we tend to believe dollars are spoken for, are repatriating dollars over seas in some form or another. everyone assumed the deal there is around infrastructure spending in utilization. let's not give ourselves all these dollars in the context of

for the tax plan for the markets it's kind of a tepid reaction. liz claman there is when the fun is can happen in the next hour. small and mid-cap stocks are going to beat real beneficiaries is if there is a corporate tax cut rate. watching all of it. we should show it also. the center of american economic and national security at this hour. they are still observing the details. since the treasury secretary and national economic council ruled out what they called the biggest tax cut in american history. a machete truck out right outright elimination of the state tax plus, adding a long time in the seat tax for big american -- american companies. at the exact same time senators from both sides of the aisle arrived at the white house filed inside for a special security briefing by intelligence officers on the north korean nuclear threat. it is happening right now. with the commander in chief with a b ready to end the threat. as the mother of all bombs going for a new target. they aim at new record poses. the facts business reporters have some breaki

it almost appeared as though he was on msnbc's meet the press making good for what was a tepid performanceclear now the administration is going to pursue criminal illegal immigrants. mollie: most what's happened with regard to immigration has been accomplished not through enforcement mechanisms as much as the bully pulpit. i saw the border crossings of people are children, illegal border crossing are down 93%. partly that's a result of a concentration of efforts by homeland security. but a lot of what is happening is the rhetoric. i think there is a broad desire for people to see enforcement of our current immigration laws. lou: i see your reasoning. at the same time the report over the same period, we have seen a 25% increase in apprehensions so there is an enforcement element to this without question at the border in addition to interior enforcement. byron, your thought on the same subject. byron: the big thing has been an actual change of policy at bored, the end of catch and release. under president obama a person could show up at the border and say i'm here to enter if the united stat

so for him, this is not, he has given us the most tepid of endorsements. and i think endorsement is too strong of a word. i think it would be dead on arrival but i am wondering if anyone here is that this is salvageable? are there any tweaks that can be made whether it is a transition. intuition goes into effect, if it excludes certain products from the import tax and then secondly, the president wants an importance. so complexity or not, i mean that may be coming down the pipe. we do not know yet what the plan is. so i would love to hear if you think it is salvageable. >> i think as it stands i would say no. i think if you look at you know i spent a lot of fair amount of time and retail space. look at retailers they are really struggling. there is the big bed amazon out there that is into mediating about every retailer and they worry about being intermediated by amazon. and then you have --. i think you will have these retailers a step up and say not here, not now. and with concern about what will ultimately happen to pressure on pricing, the margins. som

>> that's the key because there is this tepid feeling and health care back on the table because they need the money from the health care bill in order to implement the tax-cut. >> that's what they're saying. not exactly te that -- clear that's true. it asserted th had scratcher now. health care is out. they said they would go to texas. now they bring health care back in and people say where you going? how are you going to get health care. what's the new plan, the new strategy. i think that's why you see markets going back and forth right now. what is going to happen? >> president trump told the "financial times" the gop could complete tax reform without the controversial border adjustment tax paid is that possible? >> you may be likely. there's a lot of position. they passed the house and senate. i don't see how it's going to get through the senate winner of six republican senators segued not interested in this great border adjustment is not going to be in the final bill. the longer this drags out, the more likely of any tax-cut, not tax reform which means it's not just in the show,

economic growth, headline from the washington post and new york times, on the front page, growth slows on tepidpending. the headline from the new york times spells it out more clearly, the economy grows at slowest rate in three years. .7%, a challenge for trump. the white house blames the numbers on the obama administration and says it makes an argument for the president economic agenda. let's go to william, a democrat calling from new york. what do you make of the first 100 days? caller: i think the president could have done a better job. to work with the democratic party. and other factions of the republican party that may not identify with his ideology. consider viewpoints on both sides of the aisle while striking a middle ground. when you are president, you are narrative for the country. he has forgotten that is the role of the president. he is still learning the cussing never served in public service. because he never served in public service. we blame the treatise administrations -- the previous administrations instead of using the lessons learned. it is important for citizens to remain a

kellye: auditorium in southeast, two dozen students gather to learn to be a bar tepider.t's designed to help students the reach the goal. >> the most you are doing is the thumbs. this thumb is pushing it through. >> three-week course that targets the unemploy and the career in hospitality. training that could cost $600 is offered at no charge. >> a lot of etiquette. not just making drinks. but how you operate as a bartender in general. kellye: the beverage company and the other community partners launched the course in d.c. in january. it doesn't only offer the training behind the bar but life and career skills as well. >> what they are learning in that section is resume writing, interviewing skills and how to dress for an interview. kellye: 85% of the local program graduates land jobs. john wesley a father of four has high expectations. >> to get a bar tending job but hopefully even maybe from there becoming maybe a mixologist or even having my own venue, my own establishment over time. kellye: in southeast, kellye lynn, abc7 news. doug: if you are west of washington, i

for the tax plan for the markets it's kind of a tepid reaction.claman there is when the fun is can happen in the next hour. small and mid-cap stocks are going to beat real beneficiaries is if there is a corporate tax cut rate. watching all of it. we should show it also. the center of american economic and national security at this hour. they are still observing the details. since the treasury secretary and national economic council ruled out what they called the biggest tax cut in american history. a machete truc

it is a risky gamut to run as a pro-trump loyalist when he only had tepid support. >> as fired up asseems to be and all of the money that's poured into this race, they lost the seat in kansas and now this june election in june is going to be tough. >> it will be tough. and the odds are steep for jon ossoff to flip this district. the demographics go firmly against him. tom price won the district by 62% of the vote. but ossoff was able to raise $8 million plus and ended up driving up turnout. he got about 48% of the vote. now, to do the whole thing again, to have round two and try to replay that is going to be difficult to keep his supporters energized and enthusiastic. >> hope you have a big mailbox because june is a ways away. thank you very much. >> thank you. >>> still ahead, a shocking alleged hate crime in california. three men shot and killed apparently because they were all white. one of the victims leaves behind two young children. we'll talk to his best friend. next. looking sharp len. who's the lucky lady? i'm going to the bank, to discuss a mortgage. ugh, see, you need a lo

we will have to gear up during the year, because when these -- because the first quarter has been tepidwe have to gear up, but we are quite confident that the growth in number of that in the range of 2%, slightly higher with a little bit of stimulus coming from the administration. the fiscal policy will be achieved. yousef: we are seeing a euphoria and some of the equity markets. devaluationk market -- of tax policy changes to , thatcompany earnings really has slipped. the traditional evaluation metrics no longer apply. he says he is making that counter argument. we do jump with him on that side of caution to say, these numbers, these figures, these metrics are getting stretched? stretched are getting their it we have seen the french market exuberance. the economic forecast has hardly changed since december. share prices have gone up, definitely. earnings forecast has been relatively stable since then. based on these two arguments, you would argue that share prices has risen a little bit too high. a gradual collection may be coming up. areef: global markets breathing this collective sig

euro,nk the rally in the the overall presidential election will be tepid as best. the eu is in need of serious reform. annual cpi inflation is below 2% . italy has problems when it comes and total factor of productivity over the last decade or so. it is at the bottom of the table. there are a lot of structural problems. we don't believe there is a taper trade in store for the euro. stephen painting the picture. this might influence the trade. is longer-term investment something very different. do you take that view? >> i agree. the question is micron. -- is macron. i don't think we are going to .ee a huge recovery it seems to be unlikely that le pen makes it through. we have seen positive recovery the last couple of days. question, wets a don't know how strong that impact will be. we know how many people were not confident, expressing their real views. that could count for three to 5%. you don't know if the anti-europe sentiment will make it through in the french election. not only have a short-term impact, but that would happen and have a substantial medium to lon

because they showed sharply better than expected growth even as their respective sectors might be tepid. if oil goes down tomorrow, you will most likely see these two buck the trend. amazon goes up even if retailers are down and google goes up, and it looks like they have increasing business in many different elements, not just search. it is true some upside causes stocks to soar that don't fit the parameters of high growth tech and healthcare and under armour, the stock grew higher and union pacific put up a number too good to be true but the style of the rails and improving worldwide coal demand. i expect when oil bottoms, i think it will and the hedge will reverse buying old industrials on the banks and maybe letting up on fast growth and healthcare and will load up on the cyclicals as well. neither the falling dominos or washington insanity can stop the best of the best in tech healthcare today. i bet if oil drops again tomorrow the same pattern will play out once more led by alphabet and amazon even if it's as dumb as a bag of hammers, if it does. curtis in ohio. hey, curtis. >> ca

the latest statement contains an apolo apology, too little, too late, after the ceo put out a tepid one blamed the passenger. this is why a lot of people don't like flying. rene marsh has details. >> reporter: as united airlines's passenger david dow receives treatment for his injuries, the airline is tailspining into a public relations disaster. avid yo of dow being dragged from a sunday night flight went viral. >> oh, my god. >> reporter: the airline first said the flight was overbooked. then changed its language tuesday to oversold. united did not respond to multiple attempts to clarify the change. from the white house -- >> clearly when you watch the video, it is troubling to see how that was handled. >> reporter: to late night tv. >> the ceo of united release aid statement via twitter. this is what the ceo treated. this is an upsetting event to all of us at united. i apologize for having to re-accommodate these customers. he said re-accommodate. it's like we re-accommodated el chapo out of mexico. [ applause ] that is such sanitized, say nothing, take no responsibility corporate bs

you're seeing growth but relatively tepid groe. growth.he single greatest catalyst going forward is going to be a political catalyst, not an economic one. the u.s. won't grow to a 3% level organically. so it's contingent on whether president trump can do anything on tax reform and infrastructure before the recess in the summer. i think that's unlikely. therefore the markets are due for correction. >> boris, one place we got confirmation, there is reflation this morning is the uk. second month in a row for cpi being up 2.3%. does that mean you think moving forward we're likely to see the monetary policy committee take its foot off the easing pedal and that we might see sterling rally from here? >> actually the story in the uk is the worst of possible worlds. because the inflation is being driven not by any kind of final demand, but because currency is so weak, and the export and import factors are weighing on them. if we taretail sales are weak a i think cable will be under stress to go down. the bank of england will ignore it because they

jessica, a trip tepid response from the president as well? >> reporter: yeah.y no response from president trump, rene. in fact, his administration marking this failed missile launch in north korea with a very terse and short response from defense secretary james mattis, really a two sentence response. secretary mattis putting it this way saying the president and his military team are aware of north korea's most recent unsuccessful missile launch. the president has no further comment. so administration officials saying that this terse and short response is exactly what was needed because north korea, that they don't want to give north korea the attention that north korea sought in making this missile launch, a failed missile launch at that. the vice president, of course, traveling over in seoul today. he landed there today after that trip from the u.s. yesterday. the vice president really just making passing remarks when he spoke with military families in seoul earlier today saying that this failed test was a reminder of the provocation and the risk that those p

comment that the united nations, which hasn't successfully once made any condemnation of syria, had a tepidsure they were trying to take the other day, vetoed. if they can't pass something like, let's investigate what is behind the chemical attacks, you're saying they won't get anything done. >> absolutely. first of all, i think it was an embarrassment of the united nations as an institution, but it further underscores that this is not a problem that's going to get fixed at the united nations. i think the united states knows that. i think ambassador haley may have forced a vote on a very benign resolution, just calling for an investigation into the chemical weapons attack that assad conducted, and i think that russia -- when russia vetoed it, it was nothing more than grounds for the united states to move unilaterally and prove the united nations this is not the place it'll be solved. >> thank you to all of you for this discussion. hagar, laura and ellen. we're going to be talking about this a lot more. thank you. >>> in georgia, two officers have been fired after this incident caught on tap

week.a tepid start to the a mixed bag in the equities.es back to the fact that it is a fairly big week for data. have a look at my bloomberg chart. so, the bottom is that japan stock index. it takes you all the way back to 2015. it is quite a run dude a lot of the run has been driven by the fact that you have had more and more positive data surprises. that is up here. white,can see, in the rollover. does that mean the yellow box rolls over? we will need more data and another catalyst. trading a bit expensive in asia. indonesia open it up right now. ,eporter: looking at jakarta gains resuming for the fifth day . we have been seeing a push to record highs although there has been some slacking of momentum. still some fundamentals that analysts say could drive gains higher. we are seeing tokyo stocks leading so far within dk 225 up 0.9%. korean stocks held hostage by geopolitical risks. samsung -- seeing gains index and losses today. consumer stocks are the biggest drag their. change in falling down -- the shenzhen falling down 0.5%. -- falli

because i think to your question, if earnings are tepid or lousy, i think that will -- it will have a negative effect on the market going forward, in other words, six weeks ago, they would have given it a pass, now we're at a point where the president iagenda seems to be flawed or will take a lot longer than he thought. which is why i think this earnings season is critical for the market. >> right at the end of april we have this budget fight. one of the most interesting things to me today was that first half an hour of trading. we had that tweet before opening. it was geopolitical in nature. we saw stocks sell off. we saw people move towards treasury the big spike, the vix spike the gold spike, that combination is what we could find ourselves in, if the data, the economic data continues to be, you know what i mean? we have a situation where corporate managements are not guiding a real confident manner. then i think you have a sell-off in may. >> what do you think? >> i think it evolved over the trump rally. at first i thought it was only due to policy, tax policy, things like. that t

under the last president, we've had eight years of tepid economic growth, gdp was 2.1%, our debt is up to $20 trillion, and we were not really going anywhere. this has a dose of reality to i it. we have to understand as americans, we cannot bluff our way out, talk our way out or protest our way out of this hole. we've got to grow our way out. i think this plan is the beginning of a conversation that is long overdue in this country. by the way, very reaganesque, which is cut spending, cut taxes, cut regulations and give the masses of reason to believe again. >> jon: we have the highest corporate tax rates and basically the industrial world. while democrats go along with the idea of cutting them down to 15% like the president wants to? >> i think we need to see a lot more details on the tax plan. as you said, it is very light on details. it is not a tax plan, more of a press release. when donald trump ran for president, he said he would be looking out for the forgotten man, the working men and women who have been left behind by the elites in washington. what this taxpayer looks like is m

it's run of the reasons that we've had the slowest, weakest, most tepid recovery in postwar era and whyaychecks stagnated and savings yet to recover. we absolutely have the band width and now the opportunity. >> we're beginning to see a lot of charts that look at consumer credit, look at bank loans, cni loans, real estate loans and they are all rolling over. i wonder how much blame you put on dodd/frank for the way those charts look. >> well, again, dodd/frank has been a huge drag on the economy. it's one of the reasons we suffered through 1.5% to 2% gdp growth throughout the entire obama era. i believe that we have a lot of capital that is poised to come out of the sidelines. optimism. business optimism is up. consumer optimism is up. they need something to come out of washington. that's why it's important to get fundamental tax reform done. it's why it's important that we have economic growth for all bank bailouts at the core of the financial choice act, that we have regulatory relief for our community banks and our credit unions that help fund a lot of our entrepreneurial ventures an

objectively, the numbers are still coming out very tepid, even though its boundaries -- economies areunited states. at the core level, we are getting two inflation, not three. that is different from what people had expected. francesco, does he in size draghi ined -- follow ecb policy? francesco: i don't subscribe to changes that a person the policy of an institution. this is a collegiate institution, obviously he under -- represents a camp within that institution, but it is a collegiate institute -- decision they make. there is a change there also coming. that is something markets will have to discount at the point, probably changes in direction. ink there is more continuity in these policies than people make it to be. guy: great to see you this morning. for coming to see us. i have certainly learned a lot about what is going on in the gilt market. , cohead ofarzarelli macro market strategy over at goldman sachs. if you are a bloomberg customer and want to watch the show, you can use the tv function. screen,ccess the video , you will getere an opportunity to watch it but also thi

the latest statement contains an apology, too little too late after the ceo put out a much more tepid internal memo that basically blamed the passenger and defended employees. this is why a whole lot of people don't like flying or p.r. double speak. rene marsh has details. >> just kill me. kill me. >> reporter: as united >>> as david dao receiving treatments, the airline is tail spinning into a public relation disaster after video of dao being dragged from a sunday night's flight went viral. >> oh my god. >> the airline first said, the flight was over booked then changed its language to tuesday to over sold. >> united did not respond to multiple attempts to clarify the change. from the white house. >> when you watch the video, it is troubling to see how it is handled. >> to late night tv. >> the ceo of united airlines. this is an upsetting event for all of us. i apologize to reaccommodate these customers. [ laughter ] >> reaccommodate. just like reaccommodated el chapo out of mexico. [ laughter ] [ applause ] say nothing, take no responsibility, corporate, bs speak. >> i don't know ho

up next president trump's tepid defense to chief strategist steve bannon.sident trump about the feuding and new reporting live from the white house. where's jack? he's on holiday. what do you need? i need the temperature for pipe five. ask the new guy. the new guy? jack trained him. jack's guidance would be to maintain the temperature at negative 160 degrees celsius. that doesn't sound like jack. actually, jack would say, hey mate, just cool it to minus 160 and we're set. good on ya. oh yeah. that's jack. no one burns on my watch! try alka seltzer heartburn relief chews. they work fast and don't taste chalky. mmmmm...amazing. i have heartburn. alka seltzer heartburn li chews. enjoy e lief. dearthere's no other way to say this. it's over. i've found a permanent escape from monotony. together, we are perfectly balanced, our senses awake, our hearts racing as one. i know this is sudden, but they say: if you love something... set it free. see you around, giulia ♪ working on my feet all day gave me pain here. in my knees. so i stepped on this machine and got my

economy and this tepid pace of growth? geoffrey: right now, we are still posited in the u.s., reflected in our asset allocation. in the recent weeks or so, there it tendsreason to -- towards overenthusiasm somewhat with respect to how much the fed would be willing to advance things and how financial conditions would adjust. we actually did have a duration position in our allocation right now, in the 10 year, so it is moving in the direction we anticipated. i do not think this should fromct from positive, fundamentals. going below 2% again and then we probably will have to revisit whether the fed actually has any capacity at all to move over the next two to three years or so. it would take a major revision in the forecast rises. i do not think that is enough economic data to suggest the fed should embark on a total change in direction. guy: let us think in more clear terms. january 19 fed funds futures. where the dots are right now. the market's kind of pricing out these rate hikes quickly. geoffrey: firstly, there has been a revision on what can be achieved. that could change

for, let's reform or deregulation than we hoped for, a continuation of timing against a backdrop of tepid think that will be a real challenge for risk markets. first of all, i put together the chart you asked for. we had the fed balance sheet up. it is 7665, if any bloomberg alliance want to access this chart. bloomberg clients want to access this chart. startsion is, if the fed to really reduce this balance sheet, can it continue, can it keep up with its own dot plot? twowe going to see another rate increases this year, are we going to see two or three rate increases of this year if they indeed start that fiscal tightening through a balance sheet reduction? bob: i think it comes down to what we hear from washington from president trump. you know, but we must not forget is that the day before the election, the fed will have sat said, "ok, here is what we think about growth and inflation. here are the dots." expose it would be the other option of no new fiscal policy, because i do not think the fed -- most of us felt donald trump would wait. postelection, the fed has to incorporate some fo

about in terms of creating a vacuum for the chemical weapons attack and then you had a very kind of tepidesponse, initially to the chemical weapons attack and something we haven't seen in the last eight years, which is a president being driven by his emotions. president oby ma was not in that same way. he saw a lot of images and they affected him but they did not then translate into articulating a change in policy and that's what we saw president trump do yesterday. he said he was very affected by those images and changed his calculus on syria. saying that you don't want to preview your strategy gives him a lot of coverage for not having one. >> it sure does. and susan just very quickly as we read tseea leaves, one of them is nikki haley's stern comments about russia and people are wondering if that means that president trump might be considering changing his stance toward russia, too, forcing them to up the pressure on assad to get out. >> nikki haley was tough on russia. donald trump didn't mention russia in his comments on syria, so a question is, does he include russia in his analysis

escalation of what's been going on in syria, so that would seem that at least on the face to be very tepid language compared to what they could say about this. maybe russia could potentially be content to sit on the sidelines, let the united states punish bashar al-assad for a clearly heinous act, which many people would consider to be a war crime, in fact i think that is in law and try to move on from there. rex tillerson, the secretary of state, again tonight explaining how he sees this idea of regime change playing out in something that will take weeks, months, if not years in his estimation, or at least any reasonable estimate of it take place because you've got to defeat isis. you've got to get rid of them in syria, you have to stabilize the entire region by working in local forces to do it, and then you got to put in place some kind of political process in syria for bashar al-assad to step aside and then maintain that stability in syria. and i've been talking about this all night, but the analyst in russia and iran and all the other players want to see him maintain in syria. how does

and why his spokesman said only, well very tepid things like the tone of the conversation between rex tillerson and vladimir putin was only fairly good. if you want an indication, ali, very little has changed here, the u.s. delegation has gone into moscow today, came the syrian foreign minister, there will be talks tomorrow between the syrian foreign minister, iran's foreign minister and sergey lavrov. the three countries fighting in a coalition in the syrian war, a coalition that is no friend to the united states. ali? >> real quick, you were on the story i don't know how many hours you worked yesterday, but sergey l sergey lavrov and rex tillerson worked for a long time and they said we don't agree on most things on our agenda we understand each other better. if they went into yesterday with the lowest point in decades did they improve slightly yesterday? >> well, ali, if talk is good, then there was certainly enough talk yesterday. three hours between tillerson and lavrov and two hours in that meeting between putin and tillerson. but, you know, what came of it? well maybe they drew

so that the support for hillary clinton was very tepid, and most of the people who voted for her seem to be voting against trump more than anything. it was interesting to find we had a question of adjectives to describe hillary clinton and donald trump, that the conservative students also had a lot of very negative adjectives to describe trump. most of them were not trump supporters, they were definitely not liberty, so they either voted third party or grudgingly toward trump, but they called him a liar, manipulator, immoral, sexist, and racist. but still they did not love him, but he was better than hillary clinton. she was the worst thing of all time. that is something that i found interesting, that there were so many very strong natives for each of the candidates from the people we inteie

we have seen consumer confidence sky rocket, small business owners have that tepid optimism that the want to latch onto. americas benefit when is thinking on the bright side. about howt's speak j.p. morgan spent $10 billion on technology last year. fintech was a big topic. what does that look like? interesting, we got almost a $10 billion figure and he broke it down further. a third, $3st billion, was on new initiatives. you see the bank branching out of its longtime initiatives and going after these new things. withted there turner ship another online small business vendor. he talked about all their partnerships with different auto finance and online lenders. bank'shim promoting the partnerships this year. yvonne: in terms of regulations, he was quite frank about dodd-frank, as well. jenny: it was interesting with dodd-frank. he said, we are not calling for an entire rollback of the law. takee hoping regulators this opportunity with the new administration to open the book, shed some light, see what is working and talk about what is not. betty: did he talk about his own future? so ma

the support was very tepid by most of the people who voted for her were voting against trump more thananything. it was also interesting to find, we had a question adjective to describe hillary clinton and donald trump that the conservative students also had very negative adjectives to describe trump. most of them were not trump supporters but they were not liberal so they either voted third-party or grudgingly voted for trump but they described him as a liar, manipulator, non-christian, sexist and racist. still, they didn't love him but he was better than hillary clinton who was the worst thing of all time. that is something that i found interesting in that there were so many very strong negatives for each of the candidates from the people we interviewed on both sides of the spectrum and they use similar terms and adjectives like describing them as liars and manipulators and untrustworthy on both sides. >> thank you all for coming and thank you to our panelists. >> it's true, we could have had an hour for each. >> congressman drew ferguson sat down with c-span for a freshman profile in

a leaked draft notice last week revealed a tepid agenda on trade that is little more than a rehash of what the president said in his campaign rhetoric. it's not a real plan. the one action item identified in the trump trade agenda is the announcement of a study. of a study. to find out why the united states is losing in global trade. it actually doesn't focus completely on nafta itself. and we need healing in this hemisphere before we start looking around the world. the reality is, we know why the deficit is so bad. bad trade deals have led to a loss of nearly four million american jobs. and a deficit just last month, 43 -- $43.6 billion. president trump promised to trade -- a trade deal that would get americans back to work and reduce our deficit. instead our deficit with nafta and mexico and canada is 31% higher. it got worse than a year ago. hope the president understands the real urgency of stopping u.s. job outsourcing, especially in the manufacturing sector. and he should do more than pay lip service and he should really take a look at how thin his administration proposals have

they've made some tepid nooufs that direction. they're worried, however, about rising food prices and what the impact will be on urban labor in the cities. if you begin to unify the currency and eliminate the multiple exchange rate system you've got to raise wages. it's redistribution of income within the associate, winners and losers. it has to be mangds very carefully. the second point i would make is that it has to be a part of a coherent program that's administered over a period of three or four years in order to be able to -- and there's going to be a lot of fits and starts in doing so. but we've seen in the case of poland or even the chinese unification of currencies back in 1994, which is a relatively smooth story, that it's a complex process. the third point is that growth is really important. if you can get your growth rate up from its anemic rate of now -- i don't know -- this year is a recession, so it's a terrible time to do any reforms. if you can get your growth rate up from 2.8% to 5%, it makes it really much easier