the economy around. could you please address the impact of tariffs on the american economy and who you think would be the best candidate for the next president ? thank you very much. guest: thank you for the question, randy. i'm glad your students are learning about history and current events as well. musical onbig broadway. he was the father of american industrial policy. 225 years ago he wrote a report to congress on manufacturers. he and present washington discovered that america did not make much of anything. they depended on france or smuggling to get a lot of their equipment. tariffs thathave would not be too high or too low. we would develop our infrastructure and we would depend on a flow of recently thesed immigrants to fill manufacturing jobs. this is an economic philosophy that did not become a reality until after the civil war. tariffs have been a part of u.s. policy for a while. as paul krugman has said, their on accelerating or deepening the great recession is overstated. he has probably studied this more than anyone else. i want to make clear i'm not likeng for a 45% tariff donald trump is

wheeler: i was able to be involved as they were bringing great change to the american economy and the way people live their lives. and that is what we're dealing with it the fcc. -- middlethe bidding of one of the great revolutions of all time. had we deal with the problems all around us in the communications industry. this year c-span is touring cities across the country exploring american history. next a look at our recent visit to long beach california. you are watching american history tv. >> we're at the port of long beach. sitting in the middle of the port complex. approximately 3200 acres in size. seaporthe most modern in the united states. we are a department of the city of long beach. we consider ourselves part of the community. economiche largest engine for the city. billion worth of cargo that comes through here. it supports about 15,000 jobs in the region. the port of long beach was established in 1911. through that time this port entry start on the wooden wharf. it used to come up from the northwest to supply lumber here. we're sitting on the most modern sustainable conta

fortunate enough to be able to do in the is to be involved as they were bringing great changes to the american economy. and the way they live their lives. that is what we are dealing with at the fcc. we are part of the greatest revolutions of all-time. of do we deal with the kinds changes that are happening all around us as a result of these technologies. i think it is a continuation. >> let us bring in brian to our conversation. he is a technology reporter with the washington post. thank you. you have said you understand how lobbying playbook works. you have been there. these, when you are working for industry, those are different times and the industries are very different. as you sit here now as the howrman of the commission, has those industries changed in terms of their approach to washington? how has their tactics changed as the industries have grown?

did you say buying ibm was a bet against the american economy? >> exactly. >> why would you say that? >> basically the biggest trend right now in the american economy is every industry is being transformed and updated to reflect what's possible in technology the last 30 or 40 years. that's happening through the top companies, with the top tech cultures. ibm is a sales driven culture. it's kind of like this fake old tech company that tries to p pretend it's tech. it's getting clobbered everywhere it works. >> what about watson? they like a big song and dance. are you not persuaded? >> they sold to a lot of big banks and pharma companies. there are other companies coming in who are modern tech companies they are struggling against. that's the challenge. >> if there was a strategy out of this, what would it be for big blue? >> it should be that people running the company should be technologists, not sales people. they should try to figure out how to hire top engineers in top engineering areas. it will be tough to be a sales driven company competing i

the strength of the american economy is best judged by the weakness of any section, or any person, or part. and wherever there is an area of unemployment or distress or suffering, wherever there's a slum, wherever there are conditions that degrade human kind, it weakens america. and it surely weakens our moral posture in the world. and it takes a terrible toll in terms of the economics of our country. you see, i was trying to emphasize in my opening statement that america needs to be strong. we're facing the toughest competition of our lives. tougher than anyone ever dreamed, and the soviet union and mr. kruch ef is the gentleman to surpass us. he's competing with us militarily, in economics, education, science, technology, and culture. we have to be prepared to meet that competition and to surpass it. to expand the areas of freedom. now, you can't do that if you ignore problems at home. for example, if we're going to have a foreign policy which is willing to loan economic assistance to every nation in the world under the international development loan fund, which i have supported, it

it was magic but it was real. >> on the big issues, the revival of the american spirit, the reemission of the american economyceeded beyond anyone's expectations. as for his critics, many still frustrated, even angry but they do concede that ronald reagan leaves washington an enormously popular figure and in this day and age, that alone is an historic achievement. >>> in two weeks on the next "eighties" -- >> there's one sign the soviets could make that would be unmistakable. mr. gorbachev, open this gate. mr. gorbachev, tear down this wall. >> announcer: "the eighties," two weeks from now at 9:00 on cnn. >>> you just saw the reagan revolution on "the eighties." before the revolution, ronald reagan and gerald ford took their battle all the way to the convention. sound familiar? i'm don lemon. the next battleground, new york, where ted cruz is doubling down on his criticism of new york values. >> they really want to see a general election between two new york liberals who agree on washington being the center of the universe. >> meanwhile the democrats' war words heats up ahead of our big debate in brooklyn one

that means 700,000 people found jobs during the month. >> when we took office the american economy was. so did it take a while to get out of that? you bet it did. we were correcting what had gone wrong before. >> the economy starts to bounce back in 1983. gas prices are falling. the stock market is rising. you start seeing inflation go down. employment go up. by 1984, they have an economic revival to pitch. >> it's morning again in america. and under the leadership of president reagan, our country is prouder and stronger and better. >> it was a brilliant ad, and it worked. there was no chance a democrat was going to beat that. >> a u.s. political summit meeting takes place in louisville, kentucky, not to resolve differences but to exploit them. ronald reagan meets walter mondale. just about everybody is calling it a major opportunity for mondale. >> he doesn't need just to win by a nose. he needs to win to stay with it by four or five lengths. he needs to do well because he starts from so far back. >> the question of ronald reagan's age had always been in the back of minds of a lot of

. >> what i was fortunate enough they was to be involved as were bringing great change to the american economy and the way that people live their lives. that is what we are dealing with at the fcc. we are in one of the great network revolutions of all-time. say,ob of the fcc is to how do we deal with kinds of changes happening all around us? >> watch "the communicators" monday night at a met on c-span2 -- at 8:00 p.m. et on c-span2. recent, i look at our visit to montgomery, alabama. american history tv, all weekend, every weekend, on cspan3. >> if you think about the timeline of the modern-day civil rights movement, the beginning being brown versus the board of education and the apex being the assassination of dr. king, the freedom rise is right in the middle. at the halfway point between those events. the happened here on streets of montgomery became a turning point for the movement. was a civilride rights campaign to trap -- challenge the segregation laws and interstate travel in the south. they were traveling to the deep south to test whether the facilities and modes of transportation were

do in the cable and wireless industry was to be involved as they were bringing a change to the american economy and the way people live their lives. that is what we're dealing with in the fcc. we are now in the middle of one of the great network revolutions of all times. to say ok,the sec is had we do with the kind of changes that are happening all around us as a result of the new technology. >> watch monday night at 8:00 eastern on c-span2.

it was magic, but it was real. >> on the big issues, the revival of the american spirit, the reignition of the american economybeyond anyone's expectations. as for his critics, many still frustrated, even angry, but they do concede that ronald reagan leaves washington an enormously popular figure and in this day and age, that alone is a h historic achievement. >>> on the next "eighties" -- >> there is one sign that the soviets can make that would be unmistakable. mr. gorbachev, open this gate. mr. gorbachev, tear down this wall. >> the '80s, >>> so you want to be the most powerful man in the world. how far are you prepared to go? will you turn friends into enemies? will you break your own rules? if you want to be the most powerful man in the world, do the ends ever justify the means? ♪

in our next hour, on the american economy and american politics. lpass will join us and we look at dublin and taxi version with peter tague. ♪ america stands alone with a new global mediocre. david malpass on what the next president must do. while donald trump takes a thumping in wisconsin, clinton escapes to new york. the dublin show game is so over. the transactions and combination game has a new set of rules. this is bloomberg surveillance, live from new york. francine lacqua is in london. the politics of america, it gets more interesting as he jump to the conventions after new york -- as we jump to the conventions after new york. probably that will have an implication on the dollar and we will watch the energy commodities like glencore and an opec meeting about seven days from now. tom: i love how in three weeks we get brexit and they cleveland republican convention -- the cleveland republican convention. first word news with vonnie quinn. vonnie: setback in wisconsin for the front runners, challengers ted cruz and bernie sanders were the winner

that has extraordinary benefits for the american, me. -- economy. host: in the new york times, there is an article about the u.s.-china trade. it adds china's internet controls to the list of trade barriers. the entry says that over the last decade, the limit have posed a significant burden to foreign suppliers and hurting both internet sites themselves and users. can you talk about the cyber factor? documente underlying is trade folksky would ever read it. it is missed opportunities. it does talk about a dilemma business people want to address. you have to surrender your intellectual property? do you have to censor your content? of companiesot that have to decide about these trade-offs. there are some companies that have made the right call. you see other companies that have been willing to go along. moral dilemma. it has economic consequences because there is real, untapped potential among chinese consumers who tend to like and theirrands government will not give it to them. our next call is from chad on our independent line. thank you for taking m

it was magic but it was real. >> on the big issues, the revival of the american spirit, the reemission of the american economynald reagan exceeded beyond anyone's expectations. as for his critics, many still frustrated, even angry but they do concede that ronald reagan leaves washington an enormously popular figure and in this day and age, that alone is an historic achievement. >>> on the next "eighties." >> there is one sign the soviets can make that would be unmistakable. mr. gorbachev, open this gate. mr. gorbachev, tear down this wall. >> announcer: "the eighties," april 21st at 9:00 on cnn. >>> it's a time of enormous turmoil. >> the '60s are over. >> here's michael on the foul line. >> we intend to cover all the news, all the time. we won't be signing off until the world ends. >> any tool for human expression will bring out both the best and worst in us. and television has been that. >> they don't pay me enough to deal with animals like this. >> people are no longer embarrasses to admit they watch television. >> we have seen the news, and it is us.

cable industry and wireless industry was to be involved as they were bringing great change to the american economynd the way people live their lives. that is what we are dealing with at the fcc. we are now in the middle of one of the great revolutions of all time, and the job of the fcc is to say, how do we deal with the kinds of changes that are happening all around us as result of technology? communicators" monday night at 8:00 p.m. eastern. next, federal reserve chair janet yellen and the previous three chairs, ben bernanke, alan greenspan, and paul volcker. this is from the international house of new york. it is about one hour and 15 minutes. [applause] >> welcome. i am calvin sims, the dude from the video and also president and ceo of international house. i want to thank you for joining us. we are very excited to have what we call the fabulous four fed chairs. this evening is going to be spectacular for a variety of reasons. first, i want to take a cue from adam mckay, the former lead writer of "saturday night live." he said there is nothing people love more than a federal reserve joke. [laug

involved,ble to be they were bringing great change to the american economy and the way people live their lives. that is what we are dealing with at the sec because we are dealing with one of the great revolutions of all time. our job is to say, ok, how do we deal with the kind of changes that are happening all around us as a result of the new technology? >> watch the communicators monday night at 8:00 eastern. >> each week, american history america" brings you archival films. ♪ >> beautification is far more than a matter of cosmetics. to me, it describes the whole effort to bring the natural world and the man-made world into harmony, to bring youthfulness, delight to our whole environment. ♪ on march 9, 1965 mrs. johnson said out the first azalea of the beautification program at the triangle between 3rd street in maryland and independence avenue southwest. of 1965, the committee met above -- aboard the uss sequoia to a tour of the potomac river. tours and short trips would become a regular part of the committee's activities. this particular trip spotlighted the history and geography of t

fareed: ben bernanke, when you adopted your extraordinary measures to save the american economy through this global recession and crisis, you faced a lot of people from what was, in a sense, your own party. you were appointed by a republican president. you had republican congressmen, republican senators. you had a republican governor of texas saying that you were engaging in treason. how did that make you feel? >> [laughter] mr. bernanke: it didn't make me happy. you described the job as powerful. i think more of the responsibility side. we had very huge responsibilities, all of us, in different contexts, different events to try to use the power of the federal reserve, along with our colleagues and the staff. it's a wonderful institution. it's not a single-person organization. there are a lot of people working together. we had tremendous responsibilities to try to address these terrible risks. i think it is a good thing that, within reason, the federal reserve does have some independence and some room to operate, so that, you know -- their critics can say with -- the critics can say wha

cable industry and why are industry is to be involved as they were bringing great change to the american economy and the way that people live their their lives that is what we are dealing with the sec. we are dealing with the great network revolutions full-time is to say how are we dealing with the changes that are happening around us as a result? monday night communicators on c-span two. american history tv brings you all credible coverage of presidential riches. -- archival coverage of the presidential races. just days ahead of the new york primary, tor

millions of manufacturing jobs have been lost because of outsourcing, technology and the american economy been transitioning to higher-skilled, college graduate service-based economy. >> so you could see -- basically you can see two different stories in these numbers. here's the other story i think a lot of people are confused about. the dow opened up down 100 points within the first hour or so. is this what you expected to happen? >> yes. here's why. they show a resilience in the labor market. they show you are creating 200,000 month after month of new jobs, unemployment rate of 5%. people coming off the sidelines and getting in to the market. the dow fell because that means the fed can raise rates this year. >> that's it. that will happen every time now days. despite what janet yellin did earlier this week. >> the market could get shaken if you see signs of strength in the american economy. it would mean higher rates and borrowing costs. >> i always say people look at these numbers and see what they want to see. republicans will look at the numbers and say people who have been moved out

so, if you want to be like france without the charm, that's what she's going to do to the american economy. make the obama years look like the roaring 20s. >> making no bones about this, bruce. she had an interview with the daily news. we have just the audio of that interview. let's play the tape. >> i'm well aware this is a heavy lift. i understand that, but i think connecting what i'm asking for to the programs, to the outcomes and results that i'm calling for, dwgive me a stronger hand d that's how i'm going to go at it. >> she calls it a heavy list. can we afford that, bruce? >> well, i think what she wants to do is party like it's 1999 and '98 and '97 and '96 when the deficits went down when her husband's tax plan, it did raise tax, but they paid down deficits. i think the tax policy center says it would reduce deficit by a trillion dollars and i don't think that's a bad thing. >> rich, the fact is that what she's going to be using, the tax money, is to expand government. we've got a list of some of the programs that she's going to be spending that tax money on. it goes on and on and

stocks around the world were crashing and why are americans feeling down about the economy? eason. candidates like donald trump bashing the economy. we do know as well the start of the year was weak for the american economy. gdp rose 0.5%. the first quarter has been week the past couple years. >>> let's see what is coming up on "new day" with michaela pereira. is this your last day? >> i heard a rumor this is my last day on "new day." i live the brand. all about it. at least for today. >> dear jeff zucker. >> quite a scene overnight. 20 arrests and clashing with supporters and anti-trump protesters. in addition to all of this, former house speaker john boehner kind of letting loose on the gop rival ted cruz calling him, these are his words, lucifer in the flesh and a mean s.o.b. we will have reaction. >>> we his jeb bush speaking to cnn. the first interview since dropping out. we will speak with jane sanders. hear why she believes bernie is poised to make an epic comeback against hillary clinton. basically, a regular friday on "new day." >> i look forward to the going away pa

>> ben bernanke, when you adopted your extraordinary measures to save the american economy through thislobal recession and crises, you faced a lot of people from what was in a sense your own party. you were appointed by a republican president and you had republican congressmen, republican senators. you had the republican governor of texas saying that you were engaging in treason. how did that make you feel? >> it didn't make me happy. you described the job as powerful. i think more of the responsibility side and we had very huge responsibilities, all of us in different context and different events to try to use the power of the federal reserve along with our colleagues and the staff. it's a wonderful institution. it's not a single-person organization. there are a lot of people, wind working together. we had to try the address these terrible risks and i think it's a good thing that within reason that the federal reserve does have some independence that we could do what was needed at least as long as we could maintain broad support. that was our strategy. so i didn't take the job for ackn

pass the paycheck fairness act and strengthen families and our economy wiby providing workg women with the tools they need to close the gender pay gap. by taking action, we will show the american people our commitment to building an economy that works for everyone. not just those at the top. before i yield, i wanted to take a moment to thank and recognize the senior senator from maryland for her tremendous leadership on this issue. it has been an honor to serve alongside such a champion for women and families. i am looking forward to continuing this particular fight together and winning this fight together. thank you and i yield back. >> senator from maryland? >> let me thank senator baldwin. i agree and i am proud of the senior senator from maryland as well. this bill on paycheck fairness is the most recent example of her extraordinary leadership throughout or her on gender equity issues. the paycheck fairness act is not just about women. it is about families, economy, fairness, and american values and affects everyone in the country. we should all be personally engaged in making sure pay check fairness becomes the law. it is outrageous a woman has to work five days to know m

the economy as opposed to 20% for senator cruz. time after time after time give him high marks. they give him high marks because they believe he has a competent understanding of the american economy. >> i am not questioning his success in business, right? i don't think anyone can do that. what i wonder is do you think what stood out to me most, the claim that he could eliminate national debt, $19 trillion in 8 years. can you do that? >> i think what he is proposing overall is looking at the entire situation differently. for example, he talks nato. >> i want to know specifically on this. >> i am giving a specific example. when he talks about nato, he is talking about decreasing our expenses by having other people pick up the slack. that in turn, those monies presumably would be applied to the debt. that's just one small example. and i'm saying, whether nato, whether it is trade and other issues, he is talking about a different approach that saves us money that enables us to pay off the debt, which he believes is a serious question, could bankrupt the country. >> ronna, on that point, there are others in the opposite party who have said the u.s. is footing too much of the b

the gentleman for yielding. r several years now, about seven, we have heard from americans, we heard from employers, we heard from families that the american economy, the american people, employers are under assault from a blizzard of regulations. and in the last year, as we near the closing months of this administration, the blizzard is almost a whiteout. you can hardly see, they're coming so fast. this, this is one such regulation and it's everywhere in industries across america. it's choking us. we got to stop it. please, please, let's start here today and support this bill. i yield back. the speaker pro tempore: the gentleman yields back his time. the gentleman from tennessee reserves. the gentleman from virginia. mr. scott: mr. speaker, i yield two minutes to a member who before coming to congress had a long career in the financial services industry, the gentleman from maryland, mr. delaney. the speaker pro tempore: the gentleman from maryland is recognized for two minutes. mr. delaney: thank you, mr. speaker. i want to thank the gentleman for yielding. mr. speaker, we have a looming retirement crisis in this country. people are living longer

fareed: ben bernanke, when you adopted your extraordinary measures to save the american economy through this global recession and crisis, you faced a lot of people from what was, in a sense, your own party. you were appointed by a republican president. you had republican congressmen, republican senators. you had a republican governor of texas saying that you were engaging in treason. how did that make you feel? >> [laughter] it did notrnanke: make me happy. you described the job as powerful. i think more of the responsibility side. we had very huge responsibilities, all of us, in different contexts, different events to try to use the power of the federal reserve, along with our colleagues and the staff. it's a wonderful institution. it's not a single-person organization. there are a lot of people working together. we had tremendous responsibilities to try to address these terrible risks. i think it is a good thing that, the federaln, reserve does have some independence and some room to operate, so that, you know -- their critics can say with -- the critics can say what they wanted to sa

what he says wiwill have a long-term effect on the american economy. vid: san francisco federal resererve president john willias telling our own peter barnes he canan support at least two more rate hikes tthis year. remember what happened with the last one. the markeket crashed. more on the fox business exclusive interviiew comining rt up. >> the masters underway in augusta. can phil mickekelson pull out another winn against the young guns? one of the most cebrated female golfers o all time, annika sorenstam, will join us with her take on this one and maybe some more new york value. ♪ ram trucks are reaching new heights when it comes to capability and efficiency. the ram heavy duty is the most capable fullll-sizd pickup on the road today. and, the ram 1500 the most fuel-efficient, full-size pickup. ever. so what does that mean? it means ram trucks give you the best of both worlds. so go big. and go far. because thbest never rest. . . . . every day you read headlines about businesses being hacked and intellectual property being stolen. that is cyber-crim

the fruits of other's creativity and innovation. that's more than just wrong, it puts american jobs and the american economy at risk. american businesses find themselves increasingly under attack from a sophisticated effort to steal the very things that give them a competitive edge in the 21st century economy. things like codes, formulas and confidential manufacturing processes. while it's never been easier for these thieves to launch attacks on innovation, sometimes armed with little more than a jump drive, many american businesses now find themselves less able to protect their important assets under current law. senator hatch knew we had to do something about this. he knew it was time to modernize our trade secret laws to keep pace with rapid advances in technology and in criminal techniques. he knew it was time to streamline and simplify the process for u.s. companies to effectively defend american jo jobs, american growth and the american innovation that's increasingly at the heart of our modern economy. so senator hatch worked across the aisle with senator coons to develop the defend trade secrets act. this bipa

. >> so many people in the country now look at the american economy and they say it is rigged. re stagnant. it is rigged. they say it's rigged by those at the top. >> it is. and that's -- that's in the policy area, that's -- that's our number one policy objective to change that. what i call it is -- >> you agree that the system is rigged. >> absolutely. >> is rigged in favor of the wealthiest. >> in favor of companies like ours because we have this corporate welfare that benefits established companies and makes it very difficult for somebody to get started. >> when you look at the presidencies of george w. bush and barack obama, which one in your view was worse? i know you don't like either one. >> i would compare it to more toward bill clinton. just in the spending and regulation. the government grew much more under bush's administration whose i think is a fine person and tried to do the right thing, but -- but was misguided. >> am i hearing you correctly, you think bill clinton was a better president than george w. bush. >> in some ways. in other ways he wasn't an exemplar but

we will talk to her on the american economy on the spirit of business.ritzker on white sox and the cubs. "bloomberg surveillance." ♪ tom: across the bloomberg, further job cuts. i guess not a big deal that it is 70 people, but that is what we are seeing, not the drama of 5000 or 10,000 liked her to bank -- like deutsche bank. it is a big deal in london right now, isn't it? is, tom. it there is noise that other banks will relocate some of their top -- they are planning to cut staff in london. they are trying to trim costs to compensate for low trading revenue. tom: this on the back of the nomura announcement later today. to the morning must-read. he will join us on friday, kenneth rogoff. he has been a huge supporter over the years of all "surveillance." ken rogoff -- tom: this is one of the strongest essays i have seen from ken rogoff. professor currie is with us from goldman sachs, folding commodities into trade. one of the big things here is that they have to want our exports. when you have commodities flat on our backs, brazil does not want our export

george extraordinary measures to save the american economy through this global recession and crisis, you faced a lot of people from, what was in this venture own part of the you are appointed by a republican president and you have republican congressman, republican senators. you have the republican governor of texas say that you were engaging in treason. how did that make you feel? [laughter] >> it didn't make me happy. [laughter] you describe the job a powerful. i think both responsibly sight of which are huge responsibilities, all of us, in different contexts in different events to try to use the power of the federal reserve a long with our colleagues and the static it's a wonderful institution. it's not a single person organization. there are a lot of people working together but we had tremendous responsibility to try to address these terrible risks. i think it's a good thing that within reason that the federal reserve does have some independents and some room to operate so that the critics, the billy to say what they can say but we can do what was needed, at least within, as long

the 1830's under jackson. this majestic building, i will show you around. a symbol of american progress. the takeoff of the american economy. under the combined to drive of the jacksonians democracy and the extension of the franchise to working people and small farmers and the whig plan of henry clay. he was a man on the make. he becomes a corporation lawyer. he works for the railroads. the patents that he gets his particular interesting. i don't think it worked. this is the model that we have in the collection. the mississippi river was famous for its sandbars. lincoln invented in this combined borage was a way of walking the boat over sandbars. you would lower these posts and lift the boat up. they must've been like lincoln very strong. and shuffle the boat over the sandbars. it is metaphorical that the openness of lincoln. the river should be open. opportunities should exist. a rising tide would lift all boats. this fascinating mechanism would allow the man to be that rising tide, to carry it down the river. grant wins the battle at the siege of vicksburg. lincoln writes to him, the father of waters runs again unvexed t

the latest numbers on gdp showed the american economy slowing since the fed seems to be thinking aboutraising interest rates. this would be good data they should probably not do it. >> pause for thought. thank you, scott. >>> how about ponch the bay bridge dog. remember that guy? >> sure. >> he's got a new home and family today. >> remember how he took off over the bay bridge? running loose as chp chased him down. they had to shut down the freeway. it brought traffic to a standstill. officers were able to catch him but no one came forward to claim little ponch. the shelter taking care of him said they found the perfect home for the nervous dog who loves to run. he was named ponch after poncherello from "chips" in the 1970s. hope his new owners have a nice enclosed fence and long leech. >> let's check the forecast. >> they should let coco and ponch do a race and see who wins. a beautiful start to this day. cool temperatures. you need a jacket. look where we are now. 47 degrees in the east bay. 51 in the peninsula in the south bay. 50. 52 on the embarcadero. 47 in the north bay. break it

as we bring you global perspective on not only that but the american economy as well. line hyde with first word news. caroline: in belgium, authorities say the extremists struck brussels last month and killed 32 people have planned another assault in the wake of the paris attacks. they are said to have russian attack on brussels. the ukrainian prime minister is resigning after weeks of pressure. newpens the way for a government. the country's parliament is expected to elect the current speaker as the new prime minister. a seoul, korea, officials say kernel from north korea fled to south korea last year. afterws comes three days -- tomakers link the events conservatives trying to muster -- the government denies the claim. furor over theal panama papers is entering its second week. with u.k. prime minister david cameron today facing lawmakers. over the weekend, cameron addressed conservative already activists and admonished shortcomings in his handling of the matter. peru possible presidential election is headed for a runoff, a partial count in the votes in the case. 50%

tom: maybe the next toughest thing after oil to predict is the american economy. "morning must-read." atlanta gdp now has become the de facto standard for gaming the american economy from day to day. here's a quote from the new york fed yesterday when they dropped the bombshell. bill dudley was at -- they have done some important research. tom: james bianco joins us now. this is hilarious. we have a gdp between atlanta and new york. soon we are going to have the st. louis now cast. james: you are right. they are coming. the reason they are coming is the atlanta fed gdp report, of anything the research departments of all the federal reserve's do, that is probably the highest profile one. tom: does it get us away from good quarterly reports, blue-chip advisors by consensus? inwe get value from moving the one-call 90 day, or once a week when there is major news? james: i liken it to your marathon split time. it is good to know what you are running at at the 10-mile mark or the 15-mile mark, but there are 11 more miles to the race and you do not know if your pace is go

that is great for the american economy, new dollars coming to the united states. they love to come to the national parks and learn a little bit about this nation. there is a focus in the pacific rim, around china and asia, to invite that community. the united states is the number two destination in the world for international travel, just a little bit behind france. france is a little easier to get to. but we want to be number one. we really do want to draw international visitors to come see our national parks. host: our next call is from michigan. caller: hello. i love c-span. my question here is -- i have visited yellowstone, and what i have noticed is a lot of foreign workers from many different countries working at the parks in these, i guess, private concessionaires. that disturbed me a little bit. i wonder if you would comment to that? guest: thank you. it is common for our private concessionaires to hire workers that work in hotels and restaurants from other countries, and come here on work visas. and we have been encouraging them through the new contracts

about our economic issues, but you have to think about a collapse in europe dragging back the american economy. you have to worry about the largest number of refugees since world war ii. all this stuff comes home. >> afterwards, mr. clinton took his mind off political matters by having sex with carburator. >> the crime bill was a failure and mistake. >> i disagree. >> the black lives matter kids are making stuff up when hillary said they are super predators. she said people who are perpetrating crime have super predators. the only racists are them for presuming she was talking about black people. >> i believe the anti-violent act did contribute to reducing homicide rates by stricter sentencing laws. you had to serve 85% of your sentence. they put out 100,000 new cops. what's wrong with that? >> stepping up the drug war because of the cycle of violence. i think that particular legislation was a response to the crack epidemic, which wasn't a real thing. >> i agree with you on that. that was a real thing. crack was a real thing. trust me. i don't remember '91 to '93. >> this whole thing is about

the president has an impact on the american economy of this sort he had never had in the past.f: is there a trait that, whether they are republican or democrat, that all presidents share, in your opinion or that you saw, that runs through all of them men we read about in this book? william: none of the presidents can be said to be shy. they all have a strong sense of themselves, of wanting to have an impact on public affairs, to make themselves -- a place in history for themselves. they were all very aware of their predecessors. jeff: is the current president shy? william: the current president is reticent in a manner. he is a president who thinks before he speaks. he is someone who has been often said to need to be more forceful. i think we are already missing barack obama, and i think we are going to miss him more in the years to come, in part for that very quality. jeff: what do you make of the current primary season and those who would be next president? william: well, i think it is extraordinarily distressing and i'm hardly alone in holding that view. the phenomenon of thi

rhetoric and the uncertain outcome is hurting the american economy. ubishi motors fears the end admitting it has been falsifying field data for 25 years. regulators want answers. , andw me on twitter include #trendingbusiness. inna and hong kong markets 30 minutes, but singapore, taiwan, and malaysia have come online. good morning. investors cautious ahead of the central bank meetings. session, starting to pick up on gains in the u.s. and european markets overnight. some downside when it comes to technology, those apple earnings missing expectations. risk aversion staying put in the asia session ahead of that trifecta of central bank meetings. the strait times index down three tens of 1%. namese way down by tech -- taiwan weighed down by tech names. the malaysian markets are down 2/10 of 1%. comes tode when it australian stocks, a rebound in crude oil and other energy names , basic miners doing well today, up three tens of 1%, weakness out of kiwi stocks ahead of the decision tomorrow. apple fell almost 8% in extended trade after posting its first quar

the u.s. as a bright spot, among at vanced economies. the story of the presidential campaign has not been that american voters feel this has been a bright overy. is there a risk the administration is feeling out of touch with public mood about the u.s. economy at the moment or are we overestimating just how negative people feel about the economy? >> first of all, i don't know, you know -- i look at evidence from the measures that economists look at about how people feel about the economy are the consumer sentiment index and the consumer confidence index from the conference board and the university of michigan. when you look at measures like that, you see that confidence has been consistently rising since the recession. and last year reached levels we hadn't seen in over a decade. so i see a number of ways in which people are positive both about their situation today and the outlook. we also certainly hear and understand the frustrations people have in terms of areas like wage growth and so the president's message that you saw, you know, in the state of the union, you've seen consistently was told a really optimistic story about the ameri

you know, when i look at the american economy, i say healthy tortoise. not a sick hair. that is a good metaphor. even if you can't explain those numbers, to some only bill gross , we are still dangerously on the precipice here of a collapse. whatt david to listen to he said earlier about these numbers, and about the fed. eric: this is like musical chairs where we all wonder when this system, this artificial system might implode. and, for the most part, if the guessing game is extended to 2017, 18, 19. eddie: i see you shaking your head. growth, do youd just disagree with him? disagree witht everything. i do not think the economy will dislike lightly into a recession. it is not going to hit a tipping point. there is no excess anywhere. you get recessions when you have excess over collapses. we do not have that. economies -- expansions do not die of old age. think the expansion is to keep going. the problem is that monetary policy is not artificially propping up the economy. all is so frustrating to me of my career is i know the first few rate hikes actually stimulate econo

the cities are more central to our economy than they have been in decades. they are the focal point of the american economy more and more in a globalized world. i'm thrilled the democrats are talking about taxing the wealthy. i think she will win the generer election and get this done. i want to see more and more discussion of the specific investments. i would say she's talked a lot ant the kind of targeted investments that will be needed to help young people, for example. she's talked about infrastructure. >> final question on super delegates which have been a controversial. you're not a super delegate but elected to be one, is that my understanding? >> there's a new york state convention that will choose a certain number of delegates. it's not traditional super delegate because it's voted on by convention. >> if you had magic wand, would you get rid of super delegates? >> i would say it differently. i would say they are legitimate because the people elected to something big. they have a big constituency. i think there's a valid question going forward. what's the best way to encourage maximum part

on the other hand the latest numbers on gdp do show the growth of the american economy has slowed. that's interesting data considering the fed seems to be thinking about raising interest rates. >> everyone, everyone gather raund this is my son. >>> the studios responsible for am some of hollywoods biggest hits in years are coming together. nbcuniversal is being dreamworks animation. the recent success with despicable me and kung fu panda. dreamworks has a stream of mo e movies that are a success. the deal is expected to close by year's end. we should mention that nbc bay area is owned by nbcuniversal which is part of comcast. >>> this morning oakland raiders owner made it clear he's ready to drop 5 million bucks in sin city. mark davis showed up a meeting where leaders discussed plans for a dome stadium less than a mile from the strip. davis says he is committed to making the move if vegasi is willing to approve funding. >> if the legislator passes it and the nfl approves of the deal, the raiders plan to contribute half a billion dollars to that project. >>> nfl commissioner roger g

that is not the american economy that we need to be the great nation that we should be. [cheers] [chanting[applause] [applause] sen. sanders: and let me tell you, let me tell you how the rigged economy works. it is not just a grotesque level of income and wealth inequality. here is how it works. we have the wealthiest family in america, the walton family who owns walmart. [booing] ok, they own more wealth than the bottom 40%. you know what is even worse? you got it exactly right. [applause] sen. sanders: that is exactly what i was going to say. the gentleman upfront said, they don't pay their workers wages that their workers can live on. there you have it. think about it for a moment. wealthiest family in america, more wealth than the bottom 40%. to theirhey pay wages employees that are so low that many of their workers are forced to go on stamps and medicaid. who is paying? this is a rigged economy. who is paying taxes to provide food stamps and medicaid. you are. so on behalf of the walton , family, i want to thank you very much. you are really nice guys. they appreciat