and it would break 225 years of ironclad trust that the american economy has with americans and with the rest of the world. alexander hamilton would be rolling in his grave. you see, we pay our debts. that's why investors come here even when everything else in the world goes wrong. you don't have to take it from me. ronald reagan said it. he said, we have a well earned reputation for reliability and credibility. two things that set us apart from much of the world. now, maybe donald feels differently because he made a fortune filing bankruptcies and stiffing his creditors. i'll get to his business practices in a minute. but the united states of america doesn't do business trump's way. and it matters when a presidential candidate talks like this. because the world hangs on every word our president says. the markets rise and fall on those statements. even suggesting that the united states would default would cause a global panic. trump also says, we can just print more money to pay our debt down. well, we know what happens to countries that tried that like germany in the '20s and zimbabw

we are going to focus on the american economy. let's focus on the unemployment rate. rare to get down to this vicinity near 4%. the structural decline in the unemployment rate over the last 20 years, we are in pretty rarefied territory. >> how far will it go before we see some inflation hitting the economy? tom: caroline, what do you have? caroline: i'm focusing in on vienna and opec. there is much expectation that could we see a cap, a level being chosen of production by opec. but this is a history of disobedience. this is my chart, showing in the blue what opec production has been over a decade and where it should have been. this is the target. they continued to produce more than their target. they agree on a target today, whatt does not show you the level of oil production will actually be. tom: we are thrilled to bring stevenphen reshoot oh -- ricciuto. he cuts to the chase like nobody i know. where is the chase right now? i believe you say confidence matters. >> the u.s. economy is doing ok and confidence matters. cycle is probably going to be the longest busines

[applause] : and it wouldton break 225 years of ironclad trust that the american economy has with americans with the rest of the world. alexander hamilton would be rolling in his grave. you see, we pay our debts. that's why investors come here even when everything else in the world goes wrong. you don't have to take it from me. ronald reagan said it. he said, we have a well earned reputation for reliability and credibility. two things that set us apart from much of the world. maybe donald feels differently because he made a fortune filing bankruptcies and skipping his creditors. i'll get to his business practices in a minute. but the united states of america doesn't do business trump's way. and it matters -- [applause] secretary clinton: it matters when a presidential candidate talks like this because the world hangs on every word our president says. the markets rise and fall on those statements. even suggesting that the united states would default would cause a global panic. trump also said we can just print more money to pay our debt down. well, we know what happened to countries that tri

can move their wealth and workers to foreign countries all to the detriment of the american worker and the american economy itself. we reward companies for offshoring. and we punish companies for doing business in america and keeping our workers employed. they get punished. this is not a rising tide that lifts all boats. this is a wave of globalism that wipes out our middle class and our jobs along with it. we need reform. and we have to reform our economic system so that once again, we can all succeed together and america can become rich again. we have to make america rich again. [ applause ] and that's what i mean by america first. our country will be better off when we start making our own products again, bringing our once-great manufacturing capabilities back to the shores. i mean, we have to bring our manufacturers back to the united states. desperately needed. desperately we need those jobs. and we need it even from our psyche. one of the really great things and one of the first major bills that george washington signed was amazing when i saw this for the first time, the encouragement and protection

the american people. >> sure. >> all right. he says by almost every measure, the american economy is better off. that's what he said. okay. if you go to the census bureau, the number of americans living in poverty since he became president, nearly 7 million more. if you want to know the number of americans on food stamps, 12.4 million more americans. if you want to look at the average health care premiums increase, he said average family would save $2,500 per year. well, it's up 40% for the average family in america. the labor force participation, we haven't seen a level this low since 1978. we've lost 264,000 manufacturing jobs. home ownership rate has dropped nearly 4% under obama. >> sure. >> 93% of american counties have failed to fully recover under his watch. the national debt by the time he leaves, he'll accumulate more debt than every other president before him combined. now, by every measure, he's lying and we're telling the truth. >> you see, the way i see it, sean, is these are legitimate questions to be debated and there's a substantial measure of truth in what you're saying. but for the president to basically

program on the american economy and globalization where he served as codirector. thank you so much for joining us today. guest: i'm very glad to be with you. host: we are trained the conversation to brexit. we want to talk about the economic impact of the brexit here in the united states. we already saw the markets react tumultuously.e -- what might we see in the days and weeks to come? guest: i think the markets have settled down. after all, not much is going to happen. it could be a two-year process for britain to negotiate the exit from the european union. this will play out over time. i think the impact here in the united states will be pretty limited. there are longer-term effects which i'm sure we will talk about. host: as we returned to the discussion of brexit, we remind viewers that you can call in. democrats, (202) 748-8000. republicans, (202) 748-8001. independents, (202) 745-8002. we do have a special light for international viewers, (202) 748-8003. in the christian science monitor, there is a piece that calls the victory for brexit at the affiant prote

he goes to louisiana to try to sell this story about the american economy. at with virtually no job creation and have almost 5 million people operating outside the workforce. the american economy is stalled. >> thank you, panel, that's it for us. thanks for having us into your home. that's it for this "special report," fair, balanced and network, everyone, monday 2:00 p.m. eastern for "intelligence report." good night. >>> tonight on this special edition of ""hannity," donald trump takes on the liberal media. >> do we like the media? do we hate the media? >> yes! >> while hillary clinton hides from the press and president obama lashes out at fox news and talk radio. >> i haven't, you know, turned on fox news or listened to conservative talk radio yet today. i'm not exaggerating in terms of their story. that's the story they tell. >> katie couric is caught selectively editing her anti-gun documentary. >> how do you prevent felons or terrorists from purchasing a gun? [ silence

as the fundamental basic of the american economy. >> and one critical thing to getting the economy back is to get out of the way. hillary clinton wants to make our tax code that much more complicated. >> yeah. when we are already at a high tax revenue being generated it is about 19% gdp which is right at historic high. when president obama became president we had about 2 trillion in tax revenue. now 3.2 trillion. so it is 50% higher. our deficit continues to grow and projected to be back at the trillion dollars within a few years. what clinton is saying is factually inaccurate. --. hank paulson is the one that got us out of this. since then we're seeing .8% gdp growth. and factor in 1.1 inflation and 2% productivity we're looking at negative growth right now. >> yeah growth jessica that has not been above 3% during obama's entire presidency. >> and we haven't had since hillary clinton's husband was in office. >> but she wants to continue that. >> she wants to continue what her husband did. -- george bush did and pick up on the gains obama has made. we have 14 million new jobs. 18 millio

that hillary clinton is going to make the point that a donald trump presidency would drive the american economy off the cliff into another recession, that it would hit middle class americans by taking away their jobs, by taking away their livelihoods. no coincidence when you see some of these new poll numbers, especially this quinnipiac university poll coming out, pennsylvania, florida, ohio, these key swing states like this one, voters are saying that they think donald trump would be better at creating jobs. so hillary clinton is trying to turn that narrative around. >> in columbus, ohio, to address that very issue today. brianna keilar, thank you so much. joining us now to discuss mark preston, cnn politics editor, patti solis doyle, a former clinton campaign manager, barry bennett, and ryan williams. what a group we have here today, and what a lot going on today. barry bennett -- >> keep the answers short. >> we saw brianna keeler in columbus where hillary clinton is giving a big speech, but we learned a few minutes ago donald trump is giving a big speech 24 hours from now during this broadc

comment from the federal reserve on the state of the american economy. annet yellen more upbeat investors might have expected after the labor market added fewer jobs than expected. the federal reserve chief said despite these disappointing situation, it is quite a bit of. for theined main risks economy, productivity, inflation, and oversee roots. routes. as brexit would have significant economic repercussions and back away from any timeline when the u.s. central bank could be ready to raise interest rates. she said it would be in the coming months. she was more cautious this monday. janet yellen: the economy recently has been affected by a mix of countervailing forces. i see good reasons to expect the positive forces supporting growth and inflation will continue to outweigh the negative ones. it is a result i expect the economic expansion to continue with marked improvement and tp growing markedly. -- gdp growing markedly. 45 points,ded about and the s&p 500 above the 100 level. energy stocks rising 1.5% with major industries all up between half and 0.75%

he goes to louisiana to try to sell this story about the american economy. ith virtually no job creation and have almost 5 million people operating outside the workforce. the american economy is stalled. >> thank you, panel, that's it for us. thanks for having us into your home. that's it for this "special report," fair, balanced and unafraid. kimberly guilfoyle in for greta. >> the biggest news story is all right here. u.s. military members in danger on american soil. frantic searches and daring military rescues. but, tragically, some heart-breaking news tonight. we have live reports from across the country. i'm kimberly guilfoyle in for greta van susteren. first, tonight, the wild 2016 race. the attacks just keep coming. secretary hillary clinton is not the democratic nominee quite yet, but that is not stopping her from taking aim at donald trump. and, of course, donald trump is not backing down. he is sharpening his own attacks on secretary clinton. >> i believed person, the republicans have nominated for president cannot do the job. >> i watched

he added the american economy has resilience built-in. a disorderlyin way. when i think about the u.s. it has beenink that a source of strength and a relatively weak global economy that our economy is 85% roughly a domestic economy and the bulk of that is consumer driven. we have resilience built-in to our economy but we are not cut off from the world. anchor: in the aftermath britain's finance minister his his silence. he said the economy is as strong as it could be but he did reiterate the warnings he gave before the vote to leave saying public finances and investments will take a hit. can triggeru.k. article 50 and in my judgment we should only do that when there is a clear view about what new arrangements we are seeking with our european neighbors. however, it is already evident that as a result of thursday's decision, some firms are continuing to cause their decisions to invest or hire people. as i said before the referendum, this will have an impact on the economy and the public finances. it will need to be action to address that. reporter: we're seeing

the results of the referendum could have a major impact on the american economy as the fed says it is closely monitoring the situation. >>> an emotional outpouring at a memorial for british lawmaker jo cox fatally shot and stabbed by an attacker last week. among those paying tribute, ma laly yousafzai herself a survivor of gun violence. today would have been cox's 42nd birthday. >>> still ahead tonight, a terrorist scare turns out to be something else entirely. a heavily armed mission to rescue a heroin addict. what we know about the plan and the man at the center of it. >>> also, the trial over one of the most famous songs in the world is now in the hands of a jury. >>> it all began with a traffic stop, and police seizing a trove of weapons. immediately it raised suspicions of terror. then the driver told police he was on a rescue mission to save a girl from heroin, which also killed his own daughter. as our stephanie gosk reports, it's raising questions, is he a crusader or a vigilante? >> reporter: they were arrested at the entrance to the holland tunnel driving this truck. with lo

state of ohio, former secretary every state said policies would be a danger, his, at least, to the american economy. she called the billionaire wreckless, and careless, especially when it comes to taxes. >> he calls himself the king of debt. and his tax plan sure lives up to that name. >> economist did he odes scribe it with words like not even in the universe of the realistic. >> hillary clinton's only right about one thing, i understand debt and how to handle t i've made a fortune with debt, but debt for this country is a disaster, and obama has piled it on, and she's been there watching. >> a new cnn pole reveals 51% of those surveyed believe trump would be better at handling the economy. >>> today trump looking to go on the offensive when he delivers an anti-clinton speech in new york, as for clinton, she will travel to dc to meet with house democrats. >> all right, 5:22. still ahead: big honor for an area hospital for kids, how chop is getting some national recognition, yet again. and just in time for summer vacation. the top new jersey beaches ... what town takes number one. the answer when w

the results of the referendum could have a major impact on the american economy as the fed says it is closely monitoring the situation. >>> an emotional outpouring at a memorial for british lawmaker jo cox fatally shot and stabbed by an attacker last week. among those paying tribute, ma laly yousafzai herself a survivor of gun violence. today would have been cox's 42nd birthday. >>> still ahead tonight, a terrorist scare turns out to be something else entirely. a heavily armed mission to rescue a heroin addict. what we know about the plan and the man at the center of it. >>> also, the trial over one of the most famous songs in the world is now in the famous songs in the world is now in the hands of a if you're taking multiple medications, does your mouth often feel dry? famous songs in the world is now in the hands of a a dry mouth can be a side effect of many medications. but it can also lead to tooth decay and bad breath. that's why there's biotene, available as an oral rinse, toothpaste, spray or gel. biotene can provide soothing relief and it helps keep your mouth healthy too. rem

she says the american economy could be hit. interest rates unchanged on wednesday and signaled it would increase them at a slower pace than previously thought. due to a slowdown in job creation but janet yellen says the outcome of the british referendum was also a factor. >> this is a very important decision for the united kingdom and for europe. this is a decision that could economicequences for and financial conditions and global financial markets. if it does so, it could have consequences in turn for the u.s. economic outlook. the stock markets have been having a rough few days as well. shares back in the red today after we saw some recovery on european markets and trading on wednesday. the main markets down by half a percent each. banks have a particularly bad day. in the past demands, the bank of england has chosen to leave rates unchanged but warned that leaving the eu would pose a risk to the global economy. we've seen quite a lot of focus on the uncertainty over brexit on sterling, down again in downng against the dollar

it's a tax on the american economy. it's a tax on american competitiveness. it's a tax on our energy security, and it strikes right at the foundation of our national security. it's the wrong thing to do. it's a regressive tax. it hurts the people who are most dependent on fixed incomes, seniors are hurt the most. why would we consider doing this? there are better ways to set taxation for this country that meet our needs. i just don't understand why, other than the fact there's a radical environmental agenda, to propose this type of tax which would hurt manufacturing, american competitiveness. we can't do this. we need to grow this economy. we need growth around 3% to 4% minimum to create jobs, to let american business create value, to assert american leadership globally. we are not going to do this with a carbon tax. we won't do it. we need pro-growth policies. mr. speaker, the american people understand this. a recent study by the institute for energy policy found that over 60% of americans oppose this type of idea. i want to applaud whip scalise for offering

we want to have a system of immigration that does respond to the american economy made and i think as well as other reasons. certainly daniel and i both say that i don't think you'll disagree. people have full right and it's better for the american economy. people will calm with temporary visa and we'll go back afterwards. there will always be some. it's not like you want people to say they have to come and stay forever. that seems to me like what we benefit from most, what we certainly should be encouraging is discouraging. >> if there's any role at all, you can go through every single category and talk about numerous countless cases of trafficking and wages not being paid. if there's any role for that, it has to be in a way where someone comes for a very short period of time and is able to sell conditions for a green card to stay permanently. he would be better to assess that labor shortages are and just have them on the direct path to a green card, which eventually can mean citizenship if they wanted to touch >> it was much to my chagrin when i heard david weber unification. he nev

there is some component that was made and so trade is really critical for the vibrancy of the american economye have to take apart the economy and do a better job of what we are doing to address the challenges of automation of globalization. income disparity and focus on that as opposed to not trading with other countries. it will make it worse. --i imagine a child to them the way they grow up, do you think they will be more closed -- will the future be increasingly connected? or the world will be smaller than today? --we have about $3.2 billion 3.2 billion people online which .oes to five billing we need to have trading that can engage with one another beside can go a long. >> new york state, a big party business, passed a law made it illegal to advertise a bee irbnb. what do you think about the bill? >> i think we have done a number of proposals with how they feel about it and the vast majority believe it will continue to stay. the middle-class family cannot advertiser home is really going to not be taxed for new york and i feel like governor cuomo will see that. this experiment is being pla

that's the question she will try to answer with that economy speech. her goal to convince americans she can run the economy better than donald trump and she cares about the middle class like bernie sanders. she is likely to talk middle class and taxes. she has emphasized how she will need to win over sanders supporters. the middle class is earning about $54,000 a year today. that is the same 20 years ago when bill clinton was president. the american family doesn't feel like it had a raise. all of the presidential candidates talked about it, but voters want to hear solutions. the economy has come a long way, but she will tell voters they are better off today than then. i imagine she will talk about infrastructure and spending. she has a plan, something wh economists say would be good. when you look at the economy expanding for seven years. there will be a rescission eventually. >> you mentioned the clinton boom years. she was the first lady during those times. >>> pledging allegiance to isis. what omar mateen told police during the deadly rampage in orlando. that's next. be the you w

can move their wealth and workers to foreign countries all to the detriment of the american worker and the american economy itself. we reward companies for offshoring and we punish companies for doing business in america and keeping our workers employed. they get punished. this is not a rising tide that lifts all votes. this is a wave of globalism that wipes out our middle class and jobs along with it. we need reform and we have to reform our economic system so that once again we can all succeed together and america can become rich again. we have to make america rich again. [applause] >> and that is what i mean by america first. our country will be better off when we start making our own products again and bringing our once great manufacturing capabilities back to the shores. we have to bring our manufacturers back to the united states. desperately needed. we desperately need those jobs and we need it even from our psyche. one of the really great things, and one of the first major bills that george washington signed, becau was the encouragement and protection of manufacturing in america. our first republic

able to implement what he wanted to do this is not the kind of reform or change you want in the american economy it will be one in which we have more income and equality. people out of work and the wealthier get wealthier. >> james, you are shaking your head. >> this won't be the romney campaign. mitt romney's bane capital was better by any metric. mitt romney was a better businessman than donald trump. unfortunately he was embarrassed about his wealth, romney. he was embarrassed about the business career and wouldn't defend it. i don't know why. trump doesn't have that problem. he'll defend it. he'll say there were failures. look at trump tower. people swear by these golf courses. he won't have a problem standing up for himself on the business case. >> donald trump's attacks on hillary clinton. what's he trying to do going after her political and personal evidents as well? >> he's defining her as the special interest. crony capitalism. the one thing he's showing is one thing republicans wanted for a long time. the candidate will take the bark off the opposition. going mano a mano with hillary c

the battleground estate of ohio clinton attacked trauma many over his plan for the economy. on tuesday, hillary clinton cast drum many as temperamental unfit to sit in the oval office and lead the american economy. >> he's written a lot of books about business. they all team so tend at chapter 11. >> clinton argued trump would be cavalier witness us economy. citing trump'ings melt pal bankruptcies, failed ventures and lawsuit. >> an large number were filed by ordinary americans painters, waiters, plumbers, people who needed the money and didn't get it. not because he couldn't pay them but because he could stiff them. >> reporter: trump responded via social media saying he understands debt and made a fortune on it. late tuesday afternoon, he shared his thoughts about clinton with cbs this morning anchor nora o'donnell. >> basically she's crooked hillary. i mean when you get right down to it. she will do horribly on the economy. she'll do a horrible job on jobs and you look at what's happened when she was secretary of state, what china did that to this country was pillage. i mean they pale latched this country. they did things to, torque us, to us with trade deficits that were unbelievabl

the battleground estate of ohio clinton attacked trauma many over his plan for the economy. on tuesday, hillary clinton cast drum many as temperamental unfit to sit in the oval office and lead the american economy. >> he's written a lot of books about business. they all team so tend at chapter 11. >> clinton argued trump would be cavalier witness us economy. citing trump'ings melt pal bankruptcies, failed ventures and lawsuit. >> an large number were filed by ordinary americans painters, waiters, plumbers, people who needed the money and didn't get it. not because he couldn't pay them but because he could stiff them. >> reporter: trump responded via social media saying he understands debt and made a fortune on it. late tuesday afternoon, he shared his thoughts about clinton with cbs this morning anchor nora o'donnell. >> basically she's crooked hillary. i mean when you get right down to it. she will do horribly on the economy. she'll do a horrible job on jobs and you look at what's happened when she was secretary of state, what china did that to this country was pillage. i mean they pale latched this country. they did things to, torque us, to us with trade deficits that were unbelievabl

hat about the american economy michael has been gaining frequent-flier miles over the last few days.ng to go into recession? look liket does not it. there will be an effect on the u.s. economy but it will be small. jp morgan and goldman sachs have taken down there forecast from 2% to about 2.25%. the u.k. as our biggest greatest partner. it wille three ways affect the economy. three possible general global slowdown. we see less demand around the world for anything, including american roddick's. you can see the contribution net exports have made to u.s. gdp. second, concerns about confidence in general. ceos made pullback. not street and ceo's do like uncertainty and that is what will have for a long time. the dollar will probably be the biggest impact because as the dollar gets stronger, we see inflation though down. we will import the inflation. prices havemport fallen, we are only beginning to recover. our products will be less competitive overseas. unique united kingdom experience versus the dollar in asia one of the examples? the asian dx why? discrete worlds, aren't they? michae

able to implement what he wanted to do, this is not the kind of reform or change you want in the american economy because it's going to be one in which we have more income inequality and more people out of work and the wealthier get wealthier. >> james, you're shaking your head. >> this is not going to be the romney campaign. mitt romney's was better than any metric. he was a better businessman than donald trump. but unfortunately he was embarrassed about his wealth, romney, he was embarrassed about his business career. he wouldn't defend it. i don't know why. trump does not have that problem. she's bog to defend it and say, well, there have been failures but look at trump tower. people swear by a lot of these golf courses. so he is not going to have a problem standing up for himself on the business case. >> dan, donald trump's attacks on hillary clinton, what is he trying to do with her, going after her political ethics and personal ethics as well? >> he's defining her as special interests. those are his words. crony capitalism. she is very vulnerable. the one thing he is showing her is the one

the top issue for voters in this year's election, of course, is the economy, and american workers today receiving what could only be called disastrous news. after hiring in may slowed to the lowest level in nearly six years.

the american dream. we need to rekindle traditional levels of american growth. our economy is sick. the american worker can't find the great jobs that have sustained him and her in the past. what this body needs to do is focus more on these issues. and certainly what the obama administration needs to do is level with the american people about these challenges because besides protecting the nation's national security, the number-one thing we can be doing here is focusing on policies that drive economic growth, that drive true hope and job creation. that's what we need to be doing more of in the u.s. senate. i yield the floor. ms. murkowski: mr. president? the presiding officer: the senator from the great state of alaska. ms. murkowski: i ask that proceedings under the quorum call be dispensed with. the presiding officer: without objection. ms. murkowski: i ask unanimous consent the privilege of the floor be granted to my interns interns -- molly oskanill, robin spaulding, will pate and kevin allen for the rest of the month as well as the month of july. the presiding officer: without o

words, his personality, his demeanor on a day-to-day basis, and cast it as a risk both to the american economy and to national security. it was a scathing indictment that was delivered in a very forceful way by mrs. clinton, and it's one that donald trump has only responded to so far with a tweet. we can expect to get a lot more from him later. >> why was she spending so much time on mr. trump today in the context of a foreign policy speech in california when she still has sort of unfinished business in california wit >> she does have unfinished business, tyler, but there's no better way for her to clean up that unfinished business and to attract support from fellow democrats than to go very hard after donald trump. everyone in the party sees that he's going to be the candidate. they know that she is highly, highly likely to be the democratic candidate. if she's trying to close that deal by going as hard as you possibly can at donald trump, that is a unifying tactic within the democratic party. >> john harwood, thanks very much. >>> sales slide at the gap but not as much as feared. and that is

however, we assume oil will pick up because of the prices and the american economy will impact further and also the lows in the emerging markets hopefully over we see improvement in russia as well as brazil and we 40e67 overtall economy improvs and therefore, i do not see rates will stay so low for three to four years, as u said, but maybe for a year or another 1 1/2 years. >> thank you. now john, when you look at the marks are we going to have bargains? companies will have to default or is it all hot air because we just don't know yet and it's just day one? >> first of all, this is not 2008. e don't have that situation. and i think during the period investors are going to watch the markets volatility and then take stock. it really is not going to change the way one would look t a private equity investment. froins but is it going to have a big impact on -- julie: i think it's going to have a arge impact on companies who have a large industrial market. remember, with the u.k., that's a very small portion of the global market in regards to those categories. people are seeing them as a sa

move their wealth and workers to the foreign countries all to the detriment of the american worker and the american economy>> the previous day they disparaged the economic record. they call him the king of debt. 2ru78 -- trump said he is definitely not the king of debt. >> i call myself the king of debt. i am great with debt. i made a fortune by using debt. >> i was wrong. i thought it was one of the trump speeches. >> it was so off message attacking a federal judge for having parents born in mexico and parents concerned that he doesn't have what it takes he is doing what he has to do which which is prosecute the case. libya was a failure and syria was a failure and iran is a failure. the withdrawal created isis which is an obama and hillary deal. you are setback to the minors and not promoted to the job. i think this is an exact approach. >> you sound like a republican strategist. >> i am not prepared like he is prepared. >> i don't have too many. all i know is that i bet a hundred bucks that hillary would lose. go donald. >> when did you bet though? >> i bet somebody last -- what is it now? six months ag

>> continue to go forward and lay out her plan for the american economy. ignore donald trump. don't fall for it. will disappoint you and with marco rubio's announcement, we see the down ballot revolt for the control of the u.s. senate. mitch mcconnell and other republicans will abandon donald trump. >> that's all for us at this hour. >> "legal view with ashleigh banfield" starts right now. >>> hello, everyone. i'm ashleigh banfield and welcome to "legal view." our breaking news is that searing detailed and scripted attack on the presumptive nominee by the presumptive republican nominee as you have seen right here on cnn, this feels before trump unloaded on the background, the judgment, the character of one hillary clinton. barely 24 hours after it was clinton lighting into trump's business skills. focused on clinton's tenure as secretary of state during which he claimed and i quote him here, her decisions spread death, destruction, and terrorism everywhere she touched. >> in 2009, before hillary clinton was sworn in, it was a different world. libya was cooperating. iraq was see

question i think the timing is good to go to the american people and say, hey, we tried the democrats' way. we tried this thing called dodd-frank. and is the economyorking for you? most americans are going to say no the economy is not working for us. second, i think it is important to tell the american people what your plans are. speaker ryan has challenged us to be a party to tell the american people if you would entrust us here is the bill we would have. our bill is simple. economic growth for all, bank bailouts for none. most didn't realize didn't end to big to fail. it cotfid it into law. it has a bailout fund. the american people are very suspicious of washington. they do not want wall street bailouts. and so we have a piece of legislation that i think they can embrace that will give them and help grow the economy. >> when i talk to wall street bankers and bank executives on this question of why now, so many have spent millions and hired thousands to implement things. so having at this point having this alternative path after they've spent billions of dollars, what's the incentive there for them to move over to an alternate path that you're p

the president's watch. will be 14 million americans stopped looking for work. since mr. obama took office, an increase of 15% since inauguration. the gross domestic product which measures the health of the american economy has risen less than 3% every year since 2009. if that holds true this year, and it will, mr. obama will go down as the first modern president to not produce a gdp of more than 3% in any year of his administration. that is the fact, jack. no amount of spin will change it. americans understand it's tougher to prosper these days and it should be. >> i want to be sure we get small businesses starting and growing in america again. we have stalled out. i was very surprised to see that. it turns out we're not producing as many small businesses as we used to. a study said we're 46th in the world in difficulty to start a small business. >> that is true. the reason? high taxes and expensive regulations. yet, secretary clinton says she'll carry on the high taxes. very puzzling. to be fair the president says he wants to cut the corporate tax rate. donald trump has economic deal pretty much to himself. all polls say american voters are not happy with the program. and the truth is, china may not be

the american people. sure. by almost every measure, the american economy is better off. that's what he said. okay. go to the census bureeab the number of americans living in poverty since he became president. nearly 7 million more. if quo want to know the number of americans on food stamps, 12 .4 million americans. if you want to look at health care increase, it's up 40% for the average family in america. the labor force participation, we haven't seen a level this low since 1978. we've manufacturing jobs. home ownership rate has dropped under obama. 93% of american counties have failed to fully recover under his watch. by the time he leaves he'll accumulate more debt than any president before him combined. by his measure, he's lying and we're telling the truth. >> these are legitimate questions to be debated and there's a substantial measure of truth in what you're saying, but for the president to basically politicize his role now both domestically and overseas i think is wrong and the substance while certainly important is outweighed by the fact he's polarizing and dividing us when we need to be

and thirdly, we supercharge the american economy by taking people who are not productive, making them productive, and that lifts up every member of the united states. so i applaud the speaker for this. most especially, bishop, i applaud you and people like you across america who are committed to poor people as individual human beings and working together i know we can lift , every one of them out of poverty. thank you. rep. brady: good morning. i'm kevin brady, chairman of the ways and means committee. i wish all of america could meet bishop shirley and hear the inspiring stories we heard today. and this is not new to our speaker, who's been here three times, but is doing this all throughout this country. we're here because we care and we're serious about combating poverty in america and we're serious about helping millions of americans earn their success and that's what we're talking about. 46 million americans who live in poverty. that may seem like a number but think about it this way. think about every man, woman and child in 24 states in america who live in poverty. and they didn

[applause] 225 years of reak ironclad trust that the american economy has with americans and with the rest of the world. alexander hamilton would be olling in his grave. we pay our debts. that's why investors come here even when everything else in the world goes wrong. you don't have to take it from me. ronald reagan said it. he said, we have a well earned reputation for reliability and credibility. two things that set us apart from much of the world. maybe donald feels differently because he made a fortune filing bankruptcies and skipping his considered as read -- his creditors. i'll get to his business practices in a minute. but the united states of america doesn't do business trump's way. and it matters -- [applause] it matters when a presidential candidate talks like this because the world hangs on every word our president says. the markets rise and fall on those statements. even suggesting that the united states would default would cause a global panic. trump also said we can just print more money to pay our debt down. well, we know what happened to countries that tried that in t

is not a spot for them in the american economy. >> left behind in the transition. fascinating. >> "early start" continues now. >>> death toll rising as we learn how the suicide bombers carried out massacre. and new this morning, 13 detained in raids overnight linked to those attacks. good morning, welcome to "early start." p. >> it is thursday, june 30th, 5:00 a.m. here on the east coast. breaking news at this hour, the death toll rising in the istanbul airport terror attack. officials say 42 thousand denow. more than 230 people injured in that attack. world leaders believe it was carried out by isis. surveillance video now giving us a closer look at the attackers who opened fire before blowing themselves up. nn of the terrorists have been identified so far, but senior turkish officials tell cnn they believe the attackers were foreign. new information also coming this to cnn on how the attack was carried out and this in just the last few minutes, word of a raid in istanbul, 13 people detained in kaeks wiconnection with the attack. for the latest on that, we turn to

o'sullivan, working with carl weinberg, has been absolutely brilliant on a measured view of the american economyblackhole -- what would be a blackhole in the american economy today? what won't she say? what will she avoid like the plague in that press conference today? abouthe will talk uncertainties and policies not on a preset course. that is one of her expressions -- one of her favorite expressions these days. you can come up with all kinds of possibilities what could go wrong. read larry summers and you can see possibilities on that. she will stick to the optimistic baseline but with all kinds of caveats and uncertainty and nervousness, so how much conviction is behind that is up for debate. tom: i believe your run rate is a 2.5% gdp. is that secular stagnation? jim: i don't think so. i think it is not just how strong growth is or not in terms of a trend. trend growth is weaker than it used to be. my understanding of secular stagnation, the way it has been described by people like larry summers, is that the equilibrium interest rates are so low that it is almost impossible for policy to stim

the american worker is benefiting from the trait agreements. charles: in recent years the changes to nafta probably helped the mexican economy more. before, mexican truck drivers had to stop at the borders and american truck drivers could pick up the goods. but here is the thing, scott. we know that this is going to be this is interesting. it resonates on main street. and you have both sides of the establishment pushing back. >> the establishment established the rules and they are not working for main street. the 20 thing these things were negotiated. so much has changed in the american economy and american manufacturing. you mentioned it, too. there is all kind of new teleand productivity. and that really has to be addressed in a new set of rules. a redefinition. when people say they are going to start a trade war, what have they been doing? what has china been doing? dumping product here. what would they do if they say no more mr. nice guy, what are they going to be like then? >> president obama pushing back on this. what a day for him to get on stain with the other two guys. they took so many shots at donald trump, but they also

american families up less than 1% on the president's watch. nearly 14 million americans have stopped looking for work. and the gross domestic product that measures the health of the american economy has risen less than 3% every year since 2009. if that holds true, this year, and it will, mr. obama will go down in history as the first modern president to not produce a gdp of more than 3% in any year of his administration. so that is the fact, jack. and no amount of sting will change it. americans understand it's tougher to prosper these days and it should be. >> i want to be sure we get small businesses starting and growing in america again. we have stalled out. i was surprised to see that when i began to dig into it. i turns out we're not producing as many small businesses as we used to and a recent world study said that we're 46 in the world in the difficulty to start a small business. >> that is all true. everything mrs. clinton said is true. the reason? high taxes on business and expensive regulations. yet, secretary clinton continues to say she'll carry on the policies of barack obama which mandated taxes and an avalanche of regulation. very puzzling. the president says he wa

the american people. >> sure. >> all right. he says by almost every measure, the american economy is better off. that's what he said. okay. you go to the census bureau, the number of americans living in poverty since he became president, nearly 7 million more. if you want to know the number of americans on food stamps, 12.4 million more americans. if you want to look at the average health care premiums increase, he said average family would save $2,500 per year. well, it's up 40% for the average family in america. the labor force participation, we haven't seen a level this low since 1978. we've lost 264,000 manufacturing jobs. home ownership rate has dropped nearly 4% under obama. >> sure. >> 93% of american counties have failed to fully recover under his watch. the national debt by the time he leaves, he'll accumulate more debt than every other president before him combined. now, by every measure, he's lying and we're telling the truth. >> you see, the way i see it, sean, is these are legitimate questions to be debated and there's a substantial measure of truth in what you're saying. but for the president to basically po

i think we want to have a system of immigration that does respond to the american economy needs. and i think as well as humanitarian and other reasons. and i think certainly daniel and i both said and i don't think you're going to disagree. i think people who come as immigrants with full rights and who are planning to stay here is better for the american economy than -- i mean -- than people who come with temporary visas and are forced to go back afterwards. there will always be some. you want people to sign on the dotted line and say you want to stay forever. that seems to me like what we benefit from most and what we should be encouraging rather than discouraging. >> if there's any role at all for temporary phone workers program, you can go through every single visa category and talk about numerous, countless cases about trafficking and wages not being paid. if there's any role for that, it has to be in a way where somebody comes a very short period of time and provisionally is able to self-petition fire green card to stay permanently. but it would be better to assess where lab

americans are concerned about the fallout from last week's grexit vote. in a new bloomberg morning poll, more than a third of u.s. voters say the uk's decision to leave the eu will hurt the american economyy it will help. 1/5 say it will have no impact at all. more than four out of 10 americans say the vote will hurt their investment portfolios. news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. back to you in london. matt: thank you, mark. to buy backs, citi a $.6 billion in shares and boost its dividend to $.60 -- $.16 a share. we see banks come out and tell us what they will get back to shareholders. in this case, it is more than bloomberg had forecasts. analysts had forecast 15 since a i will boost it to $.16 a share. joe, you mention investors don't want anything to do with these banks, as evidenced by the price they are willing to pay compared to book value. s&p financialss p/e ratios relative to the p/e ratios of the broader index, and you can see that we are at the the end ofls since the financial crisis. , andve come way down here it is pretty amazing how cheap these stocks are going for. it does not seem anythin