." >>> welcome to a special edition of "cashin' in," the candidates, the economy, and the future for american prosperity. if you're paying attention this week, you likely heard president obama take a victory lap over some data that came out suggesting the economy is doing great. >> we turned around a declining economy. thanks, obama. >> wages increased 5.2% from 2014 to 2015, a huge jump for certain. the poverty rate dropped a substantial 1.2%. these numbers appear to be good news for the middle class. but let's add some context to these claims. the truth is, it's been a rough decade for the middle class. in 2014, the poverty rates skyrocketed to a near historic high of nearly 15%. so a drop of 1% is good, but dropping from such an elevated level remains a major concern for america. wages have remained years and even with the reported jump, wages are still 1.6% below the level they were in 2007 nearly a decade ago. the bottom line, the economy has squeezed the american middle class for ten years, under presidents bush and obama. we've seen urban plight our major cities have experienced. in de

-- boundless potential of the american economy. an american economy that will be driven by empowering working families and businesses large and small. encouraging entrepreneurs to invest, to build and to grow and to produce right here in america again. and so let me say it is a joy for me, it is a privilege for me. but it is also a distinct honor to introduce to you the next president of the united states of america, donald trump. [applause] mr. trump: thank you very much, ladies and gentlemen. it's a great honor to be with you. we had some really incredible things happen today. the polls are coming out, we're leading in so many polls. i can't tell you, i don't know where to begin. but that's a good feeling. we are, i guess cnn just came out, we're leading nationwide with cnn. we're leading in ohio and we're leading just -- i think it just came out, we're leading in north carolina, florida, we're leading and we're having a lot of fun. we're having a lot of fun on the campaign. nd on the trail. i just wanted to say that -- it's alway

the economy is faltering. business go big government policy, as you know, make the wealth wealthier. and obama comes out and wants to highlight the economy, he is out of touch with the american people, i think it works for donald trump to talk about policies that grow the economy, opportunity, upward mobility, and that is why he is resonating with people who gravitate toward his campaign because they apt brighter future for their families and kids. >> we saw donald trump bring up some of his supporters on stage to prove they're not deplorables, watch. >> these are not deplorable people, i can tell you. >> my wife and i represent nondeplorable people. >> i'm a wife, mother, i work full-time, and i am voting for donald trump, and mrs. clinton can go home. >> i'm part of the trump family, and i want to make sure he is president, i'm backing him 100%. >> donald trump really hitting his opponent on that deplorables comment hard. he says i call you hard working american patriots, he lead with that. >> i want to say hi to congressman duffy, i was born, raised, and educated in wisconsin. i wasn't to camp in your county. >> to anyone watching, i hope you go to that county in wisconsi

we get lucky on the monsanto transaction, the best analysis of profitability in the american economy.ing is with citigroup. what is the state of profitability in america? are doing the broader asset analysis with citigroup, but you earned your stripes on profit analysis. america is profitable right now, right? en: most companies are, have grown a little, grown profits after a long run of dragging profits. it is dissipating. i think that we are going to be seeing a mild further extension of the profit cycle. tom: you need to work day in and day out with the cautious views of willem buiter on nominal gdp. when you see transactions like this, are they nothing more than the capture of nominal gdp? steven: this is the kind of sector and the kind of instrument that grows on a secular basis. this is innovation. tom: financial engineering. yes, that this is an area that is not cyclical. growing farm output around the world is not about the ups and downs of the business cycle, not about the auto industry going to 18 millionn and back to 17 million again. tom: you have been great on this. is th

-- boundless potential of the american economy. an american economy that will be driven by empowering working families and businesses large and small. encouraging entrepreneurs to invest, to build and to grow and to produce right here in america again. and so let me say it is a joy for me, it is a privilege for me. but it is also a distinct honor to introduce to you the next president of the united states of america, donald trump. [applause] [applause] mr. trump: thank you very much, ladies and gentlemen. it's a great honor to be with you. we had some really incredible things happen today. the polls are coming out, we're leading in so many polls. i can't tell you, i don't know where to begin. but that's a good feeling. we are, i guess cnn just came out, we're leading nationwide with cnn. we're leading in ohio and we're leading just -- i think it just me out, we're leading in north carolina, florida, we're leading and we're having a lot of fun. we're having a lot of fun on the campaign. and on the trail. i just wanted to say that the

with the depression there was a lot of talk about the fundamentals of the american economy are fine. in fact hoover's only public statement on the arrival of the depression was that the fundamental business of america is in good shape, and we're going to get through this. just a matter of confidence and we americans know how to handle these things. that kind of thing. but hoover -- again, he was reluctant to bring the government into engagement on the economy where there was in precedent and no indication this crash meant a widespread malaise in the economy. so hoover's first reaction was not to -- not a governmental one but to call together the leaders of american business, and a series of conferences to cajole, to persuade, to press them to maintain their spending, not to panic, not to slash payroll in the first onset of bad news, which was the pattern up until then. then when took the stage at a business conference -- since then been laughed at by economists and pundits who say it was just a dog and pony show. i think that's a little done fair itch think he really felt this was an

he says, quote, one could argue that the american small business economy is the american economy. do you agree that small business is where the u.s. and nevada's economy begin? >> i do. i truly agree with that. i think that they are really the front lines to rebuilding the economy and continuing to build the economy. i know that many of our small businesses in our community are really the center focus, not only commerce, but also for our local government. they do understand that there are some concerns that they have, and they want to help them be the best they can. >> you know, mr. abney, regarding small businesses becoming big businesses, you know, some hopeful words to our home-based entrepreneurs in the reno-sparks area and, of course, in southern nevada and in our rural communities as well. consider apple computer started in a garage. facebook started in a dorm room. isn't that right? >> sam walton's five-and-dime store in northwest arkansas, right, became walmart. and so i think a lot of small business owners have those dreams of becoming a bigger business owner and becoming

economy. we can talk all we want to about putting people back to work but nibbling around the edges of the american economy isn't going to solve the problem for the men and women in the seventh district of georgia, nor the men and women in the great state of texas and alabama and anywhere across this country. what we need is a competitive advantage on the rest of the world. we have the most capable work force on the planet. we have the hardest working work force on the planet. we have the best infrastructure on the planet. we have the most freedom on the planet. why is it, mr. speaker, that we then would not have the most robust and growing economy on the planet? and i tell you it is for one reason and one reason only and that is the burden of the american tax code on the american entrepreneur. it is the burden of the american tax code on those men and women who want to make america great, who want to put people back to work but who cannot do it because the tax code disadvantages them relative to the rest of the world. mr. speaker, there's an idea in this chamber, and you know it well, it's called

the rise and fall of american growth. it sounds pessimistic, but perhaps a surprise from macroeconomic -- macro economist professor at northwestern university. the real about concerns about the american economycially as we look ahead to the fed decision this week. it really does feel like the rules of the game of globalization have changed. let's be surel, we understand the american economy is actually doing great by the standards of the rest of the world. jobs, thesemillion people with the new jobs are spending, consumer spending is continuing to go up. i see year after year of this continuing job growth feeding consumer spending. what the fed is talking about way too much is a quarter-point interest in the federal funds rate. it will have virtually no impact on the economy. i think we haven't much too much -- my rise and fall of american growth is about the long run, why our productivity growth cannot be sustained at the rate of the late 1990's or more so at the rate at the middle part of the 20th century, the great old days of the so-called great inventions. >> isn't that a problem today? especially when you look at the political sentiment and the that the outside candidates, the anti-est

blue genes put one dead europeans enjoyed the moment as well as this guy, david johnson made the american economy $100 richer. the actual rider cup gets underway today. ,, at ikea, we believe that everything - that green living is something everyone can afford. that you can sacrifice everything but a good night sleep. and we believe your furniture should last happily ever after. >>> jeanne moos shows us the latest twist on comedy and politics. >>> expect alec baldwin to come down with a case of sniffles saturday night as he begins his gig opposite kate mckinnon. president who looks like he's been dipped in movie popcorn butter. >> reporter: he follows impersonators. >> love thi neighbor like myself and like a good neighbor, state farm is there. >> reporter: we have seen him do everyone from tony bennett to a guy selling ba treats. >> all anyone wants to talk about is donald trump. >> donald trump? isn't he the one that's like ugh, you're all losers. >> donald himself is no stranger to snl dancing with chickens. >> donald trump, you know our wings will make you happy. >> advertising donald trump's

the economy's grandma. he is going after her. she is independent of the administration. independent of the government. the fed is the only thing that is working on behalf of the american economy because congress has not done anything. is he right that they are fixing the economy? >> it is similar and revealing to his comments about the generals where he said i'd fire the generals. there would be different generals in i came in. he is projecting executive authority from the private sector company where you are at the top of the curve and you control everyone. it betrays a lack of nuance of understanding of all of the independent powers that make up the american government of which the fed is one. >> appointed by the president. >> operating with a 15-year term. and the comments there would be different generals. as if he would be adjusting abruptly and reshaping the chain of command and progress of promotion. i think it is a revealing view of how you get things done from the public sector coming from the private sector. if you win, there may be a collision. >> everything is rigged against you. it fits into that too. even to the setting of interest rates is rigged. >> ab

-- boundless potential of the american economy. l be driven by empowering working families and businesses large and small. encouraging entrepreneurs to invest, to build and to grow and to produce right here in america again. and so let me say it is a joy for me, it is a privilege for me. but it is also a distinct honor to introduce to you the next president of the united states of america, donald trump. [applause] mr. trump: thank you very much, ladies and gentlemen. it's a great honor to be with you. we had some really incredible things happen today. the polls are coming out, we're leading in so many polls. i can't tell you, i don't know where to begin. but that's a good feeling. we are, i guess cnn just came out, we're leading nationwide with cnn. we're leading in ohio and we're leading just -- i think it just came out, we're leading in north carolina, florida, we're leading and we're having a lot of fun. we're having a lot of fun on the campaign. and on the trail. i just wanted to say that -- it's always a lot of fun when you com

the american economy as room to grow without overheating. wall street took the news well with the index ul 1%. >>> the river is going green, literally. if you passed by, you may have done a double take. the skew schuylkill is green. it does not suck oxygen from the water. it's a sign it is healthy. we need a good rain to wash it downstream. the ducks are having a hard time managing it. >>> did you catch the big event this morning? karen rogers launched a weather balloon. it was loaded with sensors meteorologists use to forecast what is coming next. we put a gps tracker on it so folks could follow the path on 6abc.com. a goprovideo of the slide. the only hang up, it got tangled in a tree when it came down. a little effort to get it free and download the data, but they did. tomorrow morning, karen will have it for you, including the birds eye view from 4:30 a.m. a technological wonder. they are used all over. >> they use them every day for forecasts. we are already getting the weather information. it's astonishing. the balloon burst when it rea

ate: the american economy added fewer jobs than expected, -- non-payroll falling short. wdown fromarp strong job reports in june and july. the average over the past 12 months has been just over 200,000 jobs per month. did the unemployment rate remain stable at 4.9%, but the report comes at a critical time, ahead of the u.s. federal policy reserve meeting. they say the latest underscores weakness in the labor market and will likely discourage them from raising interest rates for at least another month. now, wall street has risen a bit since that jobs report was released. stocks are up by about one third each, andntage point they are thinking the interest rate will stay put. 40 closing up,ac and oil prices have risen, with brent crude trading up nearly three percent this friday. moving on to some of the day's other headlines, millions of public sector workers are protesting in india over economicic reform. they say creating a minimum wage go farome workers s did not enough. they also want social security and health c care for all. the prime minister says it is trying to ope

. >>> still ahead, this labor day looking at the state of the american economy and disturbing new data age men in america. if you suffer from a dry mouth, then you'll know how uncomfortable it can be. but did you know that the lack of saliva can also lead to tooth decay and bad breath? well, there is biotene, specially formulated with moisturizers and lubricants... biotene can provide soothing relief and it helps keep your mouth healthy too. biotene, for people who suffer from a dry mouth. staying in rhythm, it's how i try to live, how i stay active. and to keep up this pace, i need the right nutrition. so i drink boost®. boost® complete nutritional drink has 26 essential vitamins and minerals, including calcium and vitamin d to support strong bones, and 10 grams of protein to help maintain muscle. in three delicious flavors. i'm not about to swim in the slow lane. stay strong. stay active with boost®. >>> with labor day weekend upon us a look now at the state of the american economy and the workforce and some disturbing new data from political economist nicholasererstat in a "wall str

and we will tap into the incredible, unrealized potential of our right now 92 million americans are on the sideline outside of the work force and they're not a part of our economyit's a silent nation of jobless americans. and look no further, and i mean no further, all you have to do is look at flint, where i spent a lot of time, the city of flint. and what a disaster has taken place. the jobs have been stripped from the community and its infrastructure has totally collapsed. in 1970 there were more than 80,000 people in flint working for general motors. today it's less than 8,000. we have 8,000 people and that's going down. and they're making very, very little, and people are trying to go down to that $8,000 mark. what we're doing is ford, ford has announced just yesterday that they're moving their small car production facilities to mexico. and i've been talking about this a long while and i think that's maybe one of the reasons that we're doing so well in ohio and michigan and lots of other places where cars and parts are involved. to think that ford is moving its small car division is a disgrace. it's disgraceful. disgraceful that our politicians allow them

in every economic recovery since that time, the american economy grew at an average of 3.7% per year. since 2009, however, this growth has averaged a mere 2.1% per year, and this year it's slowed to just 1%. last quarter, the economy grew by a pitiful 1.2%. again, things are not getting better quickly enough. there are some real obstacles before us. the share of americans in the work force has fallen below 63%. that is nearly 3 percentage points below where we were when the recovery began. another concern is the growing number of expensive and burdensome regulations. rule making under the obama administration, it has skyrocketed. federal regulations cost an estimated $1.9 trillion per year. that's more than $15,000 for each american household. these figures are worrisome. and here's one that should truly be frightening for us. at the same time we've seen our national debt reach a staggering $19.5 trillion. just last year, the united states spent $223 billion or 6% of the federal budget to pay interest on that national debt. and this year, the nonpartisan congressional budget office es

to get 3.5% to with myth administration, because he knows how to take the handcuffs off for the american economy. we need that. make it very clear to the american people there is only one candidate that can rebuild the united states military, and make us great again. pleasures my distinct to introduce lieutenant general keith kellogg, who is on the national security part of mr. trump's team. he is doing that transition for defense and the af fares. keith had two tours in vietnam. he has a very distinguished career, culminating in the defense of the 82nd airborne division, the all american division, and finishing up as a j6 in the joint staff because the chairman wanted a warrior. keith is a warrior. god bless you, mr. trump. keith kellogg. thank you, and i am honored to be on the stage with medalgreat americans, two of honor winners. these are men who know the meaning of courage. they know sacrifice, character, and they are with us. the last one i want to identify, jane orton, the goldstar wife of chris horton. chris was a great young sniper, with the 45th infantry division, the thunderbirds of

motivation of the federal reser reserve, there is this masking of some fundamental problems in the american economy that the american people are feeling each and every day. i really do believe that the millions of americans who are rallying to this cause are rallying to the fact that you've got this clear-eyed businessman who looks at a 1% american economy and says, that's not good enough. i'm not here to judge or to speculate, but there is simply no question that the willingness of the federal reserve to make any adjustment whatsoever has created a climate where, frankly, the hedge fund managers and the stock brokers do really well, the stock market stays inflated because essentially it's -- we need a plamp such as. that's what will get the economy moving again. >> i know you're preparing for your vice presidential debate against tim k. donald trump said maybe there shouldn't be any mod rarts in these presidential debates because they could be rigged, very unfair. earlier he thought the moderators were fair that were chosen for the presidential debate. is he okay with the moderators? is he going t

the economy, trade deals and tax plans. the plans are meant to benefit the wealthy. people like him. trump works to tie clinton to problems he sees in the american economy. >> secretary clinton and others, politi not now because we created a movement they should have been doing it for years. what happened to our jobs and our country. we are $20 trillion dollars, we can not do it any longer. >> we also need to have a tax system that rewards work and not just financial transactions? trickle down economics. the biggest tax cuts for the top percents of the people in this country than we ever had. >> aheaded into this debate polls showed them neck in neck in their race. we will have to see if it made any difference tonight. >> that is the big question. adam owens in the news room, thank you. >>> a number of watch parties were held one. several hundred people packed the downtown business to watch tonight's debate on several large screens. about 200 people attended this republican watch party at raleighwood. enjoying food and drinks while watching the exchanges on their large movie screen. to see more on how they faired and more on the fact checks of t

the american public. it would be rejected. clinton's judicial picks would allow her to completely take over american health care, the american economyd americans religious liberty. not to mention your second amendment, which is on very thin ice right now, as you know. because of the fact that we are 4 on 4. if they even pick one judge who is wrong you can probably has you know it you can kiss the second amendment goodbye. and we do not want to see that. another issue of great importance to everybody in this room is the issue of course of national security. just today, it was announced that north korea performed its fifth nuclear test. its fourth since hillary clinton became secretary of state. it is one more massive failure from a failed secretary of state. [applause] failed at everything. her policies have also put iran onto a path of nuclear weapons and i have to say, made them overnight, and -- an absolute power. they were dying three years ago. the sanctions were choking them. they would have fallen but obama did not support people that would have taken over and i think in this case would have taken over the right way. and no su

he says there is plenty of work to do with reviving the american economy. >>> trump and pence are in ohio in a round table discussion with union members in cleveland. trump and clinton are tied in ohio which is always a key battle ground state. >>> lanier getting a labor send off at nats park today. she's been the chief of police for nearly a decade and now she's taking a job as security for nfl. she'll be at league offices in new york. her last day on the job in d.c. is cement 20. -- september 20th. >>> still ahead, as we continue a soccer star now showing solidarity with colin kaepernick. >> there you go, you hear it. we will strike up the band on this labor day. >>> that's in kensingtoning ton. they're celebrating labor day in town with the annual parade, marching bands and fire trucks down connecticut avenue and into town hall. the festival continues until 3:30 this afternoon. if you want to get out, you students i will have time to check it out. >>> megan rapinoe shows solidarity with colin national anthem at last night's soccer match between chicago and seattle. she said it's t

quite a, you know, turnaround in terms its commitment and work to enhance the productivity of the american economy and american communities. state and local governments are doing their best. you know, they can improve, but we see a lot of progress. but when we look at the federal government, we know two things that are very important. first of all, in our survey work, where we've looked at the kind of strengths and weaknesses of america in terms of competitiveness, we find that we have a lot of great strengths which should give us long term optimism about the potential of america. but we've allowed a bunch of weaknesses to crop up. areas like the tax code that we discussed, like infrastructure, like declining skills, like high cost health care, like a regulatory burden that is by all measures going on up. so it turns out that most of the areas that are our greatest weaknesses actually are areas that are heavily the responsibility of washington. and we -- there's a lot of consensus, again, on what we need to do. we need to deal with the corporate tax code. we need to build infrastructure to get our

donald trump has been painting a more disopen thian view of the american economy. he just moved to another talking point. gwen: here is what the president said about it this week because if it helps him, theoretically it helps her. >> more americans are working, more have health insurance. incomes are rising, poverty is alling and gas is $2 a gallon. [cheers] i didn't even -- thank you for reminding me. thanks, obama. gwen: thanks, obama. so the president's popularity has gone up. he was at 58% last week. >> this is the appointment. the income gains reflected in that sense us report, long before the report came out, were being reflected in president bama's rating. alexis: one of the other things we've noticed and many of us have sat through focus groups with voters, some of who say they're undecided. the moderators ask them how are you doing in states like arizona and wisconsin. they say we're doing ok, actually. gwen: they're saying i'm doing ok but they still feel that the whole country isn't do doing ok and that resonates for donald trump. >> for his core support

with economics and equities and derivatives, hopefully can synthesize the optimistic view of the american economy. what was fascinating yesterday, drew, where this word evidence came up and there would be a three minute space where she would take two different opposing directions on whatever the theme was. it was out of body how she was struggling. is there a theory underneath all of this? or are they -- or are they flying as blind as it appears? drew: one of them was optimal control. you can minimize the loss in the theomy -- this is where williams in rosenberg piece have been so important because they leaned against that idea that we would be up to go faster when we need to. tom: we have optimal control and a choice out in front of us. -- you cannotthat convince me that negative rates are a normal environment. is it ultimately because the markets are the financial -- the financial markets are distorted? drew: i think she is paying attention to foreign central banks. she is taking the wrong message from foreign central banks. the reason they seem to be in such a bind and unable to get anything d

the times that we live in, in our economy. the last seven-and-a-half years we've seen an administration whose policies have stifled the american economy. it's extraordinary to think of it. we are in the midst of the slowest economic recovery since the great depression. we have, a few days now after labor day, we have the lowest labor participation rate in this country since the 1970s. don't be deceived by the low unemployment rate. the truth is that there are millions and millions of men and women in this country who aren't counted in that number because they simply aren't looking for and probably most heartbreaking of all, there are nearly seven million more americans living in poverty today than the day that barack obama became president of the united states. their nominee, her plan is more of the same. more taxes, more regulation, more obamacare and more of the war on american energy that has run our nation's economy into a ditch. well let me promise you. just as in those days that we celebrate and remember on these walls, we're about to elect a president who knows that the strength of the american economy is in the ingenui

the american people are feeling at the end of his administration. mr. president, americans aren't feeling too good. after eight years of the obama economy and president obama's foreign policy, two-thirds of americans think our nation is on the wrong track. more than half think we're less safe than we were before september 11. and 67% rate our economy as not so good or poor. two-thirds of americans. well, mr. president, it's disappointing but it's not surprising. on the foreign policy front, here's where we stand after eight years of the obama administration. terrorism is spreading. the middle east is more hostile and dangerous. iran is counting palates of ransom money, and in a better position to develop a nuclear weapon. north korea is defiantly testing nuclear weapons. russia is more aggressive. china is more aggressive. and i could go on and on. on the domestic front, eight years of the obama economy have left american families struggling. while the recession technically ended seven years ago our economy has never really rebounded. recoveries are usually a period of robust growth, 3% to 4% or more is common in a recovery. the obama r

policies that have stifled the american economy. there in the midst of slowest economic recovery since the great depression. we have a few days after labor day, we had the lowest river -- labor participation rate since the 1970's. do not be deceived by the low unemployment. the truth is that there are millions and millions of men and women in this country who are not counted in that number because they are not looking for work anymore. all, they aref nearly 7 million more americans living in poverty today in the day that barack obama became president of the united states. their nominee, her plan is more of the same. more taxes. more regulation, more obamacare and more of the war on american energy that has run our nations economy into a ditch. you, just as in those days that we celebrate and remember on this false, we are about to elected president who knows that the strength of the american economy is in the ingenuity and freedom of the american people. donald trump will empower the american people to revive this economy again. [app

the american public. they would be rejected. picks woulddicial allow her to completely take over american health care, the american economy, and american religious liberty. not to mention your second amendment which is on very thin ice right now as you know because of the fact that we are 4-4. if they pick one judge, as you know it, you can kiss the second amendment goodbye. and we don't want to see that. another issue that is of great importance to everyone in this room is the issue of course of national security. just today it was announced that , north korea performed its fifth nuclear test. its fourth since hillary clinton became secretary of state. it is just one more massive failure from a failed secretary of state. [applause] donald trump: she failed at everything. her policies have also put iran onto a path of nuclear weapons. and i have to say, it made them overnight an absolute power. they were dying three years ago. the sanctions were choking them. they would have fallen but obama didn't support people that would have taken over and in this case probably would have taken over the right way. they had no support. but you look

consumers, as you know, make up more than two-thirds of the american economy. that actually sent stocks up on thursday because it means that there's a decreased chance that the fed will hike interest rates at its reserve meeting this week. the nasdaq climbed as well after a very choppy week with the market following the latest sentiment about a possible rate hike, but stocks were lower on friday. the consumer product safety commission is recalling the samsung galaxy note 7. the batteries on the the faa has warned passengers not to use them on planes. replacements will be available this coming tuesday. >>> we've all heard the buzz about self-driving cars, but now we may actually see self-driving carts. that's right, you heard right, carts, like shopping carts. wal-mart has reportedly been granted a patent for the carts which would have multiple sensors, video cameras and would be controlled through an app at the store. >>> up next we're "on the curry wants more. his new mission isn't on a basketball court. we will travel with him to china. >>> and later what, ha

chairman, the american people continue to suffer in this lackluster economy. i don't care what happy talk there is from washington politicians, the american people know the economy is not working for them. they have anxiety about how are they going to pay their bills? their paychecks are stagnant. their savings have been decimated. they look around and where's the economic opportunity? small business has been decimated in america. the job engine of america has been decimated. as one of my constituents from henderson county told me, when regulations get out of control, they put many small businesses out of business. and that's what we're seeing today, mr. chairman. people aren't getting ahead. we need to unlock capital for our innovators. for our entrepreneurs. for our small businesses. we have three modest bills today that are doing just that and yet we're being fought tooth and nail by those who want to grow washington's economy, not the main street economy. those who believe that washington bureaucrats always know what's best. this house must enact the accele

is off-limits to the american economy. president israeli saying his condition has slightly improved. the condition remains serious one day after he was rushed to the hospital. he is in a medically induced coma but regains consciousness from time to time. record-breaking winds and heavy rains now headed toward china. the winds hit up to 117 miles an and hundreds of flights were canceled and at least nine people were injured. global news powered by more than twice as hundred journalists and analysts in more than 120 countries. this is bloomberg. vonnie: thanks. data continues to come in stronger than estimated. two week low after the market remains resilient. investors are bracing for policy decisions on the bank of japan next week. voices are going -- growing stronger for the fed to get out of the way. saying the market is not pricing in the possibility of a hike enough. why not go in september? i have a lot of sympathy for them to just get it out of the way. in the grand scheme of things, this is not a big deal really and

the american economy with leaders that are not do youer, depressive. ssive of american exceptionalism and the ambitions of a middle class and those who aspire to it. it is nice -- it is wonderful, it is beautiful to see this kinds of energy being discussed and at least implied by a presidential candidate. >> more than implied. i thought he summed it up bully. he said in flint, michigan they used to make cars there and you can drink water. now they make cars in mexico and you can't drink the water in flint. lou: he summed up the contest between himself and hillary clinton. the status quo moved cars to mexico and you can't drink the water. ford announced they are moving their small car production in america south of the border. what kinds of nonsense is that from corporate america. what does it say about the regard of corporate america for this country, for its economic interests and future. >> i think he probably did it while he could still get away with it. under the present regime they are going to do nothing by the. it's probably a desperation move to

and first and foremost, it's about putting the american economy and the american worker first. >> his big idea last night, there's no question he scored points on trade, certainly where the american mind is right now. his idea with jobs though and in how to deal with that trade imbalance is i'm going to stop the jobs from leaving in the first place because if you do leave, we're going to basically have a v.a.t., value added tax on anything you want to bring back into the country. you know from your time in congress that there is zero appetite for that kind of tactic. which means you may say it but you'll never do it as president. criticism? >> i think when he said we will stop companies from leaving in that little two-minute window he made some reference to the unfair trade arrangements between companies importing from mexico and companies in the united states, but that's not our whole plan. donald trump in that speech in detroit laid out an economic plan different from hillary clinton who wants to raise taxes by $1 trillion, increase regulation, expand obama care, continue the war on