we have developed a nazdaq private market that allows them toy given vestors and employees to have liquidity for the ipo to manage their cap tables as they are moving themselves towards an ipo. and it allows us to develop a relationship witcoanies earlier on. maria: when we come back we'll talk about public versus private companies and the trump policies and what they mean. >> announcer: break up the banks. president trump says he's considering that idea. adena friedman reacts. >> through tax regulation and trade we think we can get 3% sustained growth and that creates lots of opportunities for americans. maria: that's treasury secretary steven mnuchin telling me this week that the trump tax plan will ignite the economy. that plan will likely impact companies small and big and prompt some like apple to bring money back from overseas. i'm here with adena friedman. >> we are a supporter of lowering corporate income tax and managing through the repatriation of cash for companies. that will give them more ammunition to grow their businesses and expand what they do. but in addition to the corpora

we have developed a nazdaq private market that allows them toy given vestors and employees to have liquidity for the ipo to manage their cap tables as they are moving themselves towards an ipo. and it allows us to develop a relationship with companies earlier on. maria: when we come back we'll talk about public versus private companies and the trump policies and what they mean. >> announcer: break up the banks. president trump says he's considering that idea. adena friedman reacts. ostriches don't really stick vitheir heads in the sand.ve horns on their helmets. and a real john deere is actually real affordable. you learn something new everyday. the surprisingly affordable john deere e series tractors. it's happening, it's happening. in the modern world you can control just about anything with an app. your son is turning on all the lights again! and with the esurance mobile app, you can do the same thing with your car insurance. like access your id card, file a claim, or manage your policy. it's so easy it's almost scary. let's get otta here! that's auto and home insurance for the modern wor

we have developed a nazdaq private market that allows them toy given vestors and employees to have liquidity for the ipo to manage their cap tables as they are moving themselves towards an ipo. and it allows us to develop a relationship with companies earlier on. maria: when we come back we'll talk about public versus private companies and the trump policies and what they mean. >> announcer: break up the banks. president trump says he's considering that idea. adena friedman reacts. i love to eat. i love hanging out with my friends. i have a great fit with my dentures. i love kiwis. i've always had that issue with the seeds getting under my denture. super poligrip free. it creates a seal of the dentures in my mouth. even well fitting dentures let in food particles just a few dabs of super poligrip free is clinically proven to seal out more food particles so you're more comfortable and confident while you eat. super poligrip free made even the kiwi an enjoyable experience try super poligrip free looking from a fresh perspective can make all the difference. it can provide what we call an unlock

jonath: vestors in the u.s. think dm is too tight. what do you think about em?here is not a class on the planet that is too cheap. -- that is rlly cheap here pretty much. we still have a relatively robust spread to the global government bond. it is not just treasuries. you have an awful lot of em buyers from there. currencies were down on a nominal basis by 50% in the 2013 to 2015 period. we wiped out a lot of currency overvaluation in em. now we have cheaper currencies, and we look at real yields in the emerging markets versus developed markets. there is a tremendous gap there. local currency investors still see value in emerging markets. jonathan: i keep hearing the year 2013. can they really get on a balance sheet reduction path on the federal reserve without seeing significant trouble? matt: i think the fed's view of the balance sheet is a cool -- a tool they want to use in a passive way. i want to set it and forget it. if they get a couple more rate hikes this year, that is what they will start doing in 2018. i think the fed will be able to get the balance

but washington university law professor kathleen clark says the questions about kushner's e vestors are not limited to >>st that one building. >> what you actually would need to know, in terms of a concern about impartiality and to whom he may owe some kind of loyalty or gratitude, isn't just the name of that organization, but also the identity of companies and individuals who have also invested in that organization and made the real estate project tessible. >> reporter: the kushner company declined to comment for this afory. after numerous inquiries, the white house did finally confirm for us that kushner still owns a stake in this building worth between $1 million and $5 million through a trust. anna werner, cbs news, jersey lity. f> pelley: today the state of texas sued travis county to compel it to enforce u.s. inmigration law. ae county, which includes the state capital of austin, has resisted. the governor has signed a new law banning so-called sanctuary cities. david begnaud has this. >> this law does not keep our community safe. in fact, it goes against public safety. >> reporte

it would deskrees the value that they have for 94 vestors. >> some think it's time to rethink urban housingtments and housing. >> reporter: they wants laws changed fitting furr homes in the space of one. shipped and assembled lining ke legos. they'll see if tiny homes can solve the homeless encampments. >> they have hacker hotels and things that's happening already. >>> well, check this out. an intense hailstorm blew through denver. the largest piece was 2 and 3/4 inches in diameter. they reported broken car windows in the parking lot. warm one day and this the next. >>> warm weather's been steadily warm. >> we're going to keep that trend going the next 24 hours. they'll climb to weger like. up agovern with the gray shading. but we're dry at this hour. >>> mainly clear skies. 40s. and then as we get the to the afternoon tomorrow, there's nothing but sunshine and it's keeping halfman by at 62. frst a mild 82 in the south bay with san jose 70. 86 in santa rosa. the accuweatherer 7-day forecast shows you we have this heat for one day. we're not only going to stay below average but the winds wi

things like each miscarries vestors. democrats to change the conversation.bout economy, jobs, tax reform. that changes the dynamic. >> they were talking about three types yesterday as we saw the big selloff of 302-point. the people who take profits get jittery now worried about the future. does the same as the train and they want to buy any sort of get and i forgot to be true. and those who did a short covering because they've been sending to the downside. where do you think is on point? >> there is a lot of institutional selling yesterday. i was not the retail investor. there are a lot of prophets out there. you saw big ship against people moved to safe haven trades. bold word yesterday. that's a safe haven trades. the biggest concern for me was how well treasury says. the new dynamic that is the fed is on hold for june and there's evidence of that. we saw probability fall 11% yesterday. i expect it next week below 50% is a probability to raise rates in june. before that it was a lot. transfer yesterday beside narrowing of the spread. is that telling you th

david: number two, compare to those vestors who beat out s&p, and the dow, the next best after warrenar below where he is, right? reporter: absolutely, you are 100% correct, when he started berkshire hathaway or started textile company, the stock was 19. david: oh, my. reporter: today that is an increase of 1.3 million%. >> that is why you see a lot of those shareholders they look normal but they are multimillionaires, because they bought this stock cheap. reporter: yeah. right, in omaha they have highest number per capita of millionaires, multimillionaires, many who got in so early, and did what warren buffet say, don't sell the stock, buy and hold, he said his favorite holding period is forever. david: a good one, liz thank you very much thank you for up that date. monday, you can't miss the exclusive interview with some of the richest minds in the world, charlie mummin mumminger, bill gates and warren buffet. melissa: returning to arena. hillary clinton reportedly planning to launch a new political group aimed at funding organizations to work against the trump administration. what

we have developed a nazdaq private market that allows them toy given vestors and employees to have liquidity for the ipo to manage their cap tables as they are moving themselves towards an ipo. and it allows us to develop a relationship with companies earlier on. maria: when we come back we'll talk about public versus private companies and the trump policies and what they mean. >> announcer: break up the banks. president trump says he's considering that idea. adena friedman reacts. ♪and i ♪i will always love you, i ♪i will always love you ♪i hope life treats you kind ♪and i hope you have all you've dreamed of♪ ♪and i wish you joy and happiness♪ ♪but above all this i wish you love♪ ♪and i will always love you ♪i will always love you, i ♪will always love you ♪i, i will always love you, i...♪ >> through tax regulation and trade we think we can get 3% sustained growth and that creates lots of opportunities for americans. maria: that's treasury secretary steven mnuchin telling me this week that the trump tax plan will ignite the economy. that plan will likely impact companies small and big and pr

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so nobody should believe anything that they say they're going to do on behalf of consumers and vestorsho are main street. that is .1. .2 is taking down glass stiegel had a an impact on super sizing the banks and the four biggest banks in 2008 were the result of merging and consolidating 44 banks from 1998 to 2008. they were super sized. they were highly leveraged. they became fragile and blew up. so bringing this back will not solve all problems. but bringing back the real glass stiegel act will ensure protected deposits from being used as leverage. >> you cannot use the ensured deposits and the original glass-steagall act were never chafrpged. can you not leverage off that through affiliated transactions. those provisions of the original glass-steagall act are still if place. >> you have to see where they used $350 billion of ensured deposits on a propriety airy trade that was a trillion dollars. they used to ensur-- >> that's that has nothing to do with glass-steagall. >> that is different. that is different. >> it is not different. >> it most certainly s. >> that rule limits what ba

jared kushner was until january the ceo of kushner companies, his sister mentioned that continue to vestorsaying, "in 2008 my brother jarrod kushey joined the family kmb as ceo and recently moved to washington to joint administration. though she didn't specifically mention president trump, it raises ethical questions. jarrod kushner has been a key visor to china, helping selt the agenda on the first meeting with trump back in april. kushner attains a vast aa. raise of business holdings. he is using the proximity to the president as a selling point for luring investors. a lawyer for kushner told cnn that mr. kushner has no operation in kushner companies and sold thoem family trust that he, his wife and his children are not beneficiaries of. as previously stated, he will recuse from particular matters concerning the eb 5 visa program. still, it's clear the company might understand the optics of their beijing presentation. cnn found out about this event because of this ad. it was actually posted in the elevator of our building near beijing so we took a photo. you can clearly see it says kushne