. >> very cut low, the director of the white house economic council. thank you -- larry kudlow, the director of the white house economic council. nancy on china. if you could read the tea leaves, what is going to happen next? >> well, i think larry kudlow presented an optimistic view of the administration's dealing with china and wanted to make the point that talks were going well. he did make a little news in saying it seemed like a meeting with president trump and china, thei possibility had slipped until april. we had thought it would be at the end of march. that signals there may be some real sticking points, which you talk about over enforcements, and it is slow going compared to what the administration had thought. host: he seemed to downplay that the $2 trillion debt, did that surprise you? guest: he did, and what i thought was interesting was the idea that the markets, how the markets reacted and how the deal came together. he also said they would be a little disappointed. that is a huge understatement if the markets are going to be hugely disap

david: we welcome now james sperling, former chair of the white house economic council under presidentsma and clinton. do you agree we have a strong economy that is getting stronger? guest: i agree that our economy shows a lot of stability at the moment in terms of low household debt, the labor market is relatively strong right now, so i think in that sense, and the household and worker sector, it looks pretty stable. on the other hand, i really don't think there is virtually anybody but my friend kevin hassan there who is projecting that type of sustained growth. i would say most people are looking at growth in the 2% to 2.3% range for 2019. as saw the atlanta fed be low as less than half a point in the first quarter. there's some real risks there which he is not going to want to mention in his capacity, which is there is a degree of political risk out there. you have not only brexit, not only the u.s./china trade issues, but a president who is often willing to risk destabilizing the economy over fights a government shutdown, et cetera. that could get worse as he has his troubles. if w

council of economic advisors. and we were told thing by sources, well placed within the white house, a report put together by the council of economic advisors, the chair, kevin hasset touting the ordinary economy in the first years of the trump presidency. and again, on highly reliable sources, which we rely upon from time to time on this broadcast. the report quantifies strong, the strong impact of the presidents tax cuts, deregulation, quantifying the impact of deregulation. in fact, progrowth policies under the trump presidency. and the extraordinary results of it all. we're looking forward to the release of that report. tomorrow. the white house will have it seems, something of a historic

. >> larry kudlow is the director of the white house national economic council. thanks for being with us. mr. kudlow: i appreciate it. >> we continue the conversation with a reporter from the washington post. let me begin with you on china. what is going to happen next? larry kudlow presented a very optimistic view of the administration dealing with china and wanted to make the point that the talks were going well. he made a little bit of news in saying the meeting with president trump and president xi, we thought it would originally be at the end of march. that signaled there may be some sticking points, which he talked about over enforcement. it is a little more slow-growing than the administration thought. the $22emed to downplay trillion debt. >> the other thing he downplayed was the idea that the markets and how they would've reacted of the deal didn't come together. that is a huge understatement, if there is no deal on china and there are tariffs, the marckets will be hugely disappointed. deficit, those concerns he downplayed. i think he is mirroring his ow

. >> larry kudlow, director of the white house national economic council. thank you for being with us on "newsmakers." >> we continue the conversation with damian paletta of the washington post. nancy cook, let's begin on china. if you could read the tea leaves what is going to happen next? ,where do things stand? >> larry kudlow presented a very optimistic view of the administration's dealing with china and wanted to make the point that the talks were going well. he made a little bit of news in just saying it seemed like the meeting with president trump and president xi, the possibility of it slipping until april. we thought it would originally be at the end of march. that signaled there may be some sticking points, which he talked about over enforcement. it is a little more slow-growing than the administration thought. >> he seemed to downplay the $22 trillion debt. did that surprise you? >> the other thing he downplayed i the train at talks, which thought was interesting, was the idea of how the markets would react if a deal did not come together. he als

multiple governors, representatives from congress and our first guest, the chairman of the white house council of economic advisers, mr. kevin hassett. kevin started at his the 29th chairman of the council, being confirmed in september 2017 and is one of our nation's foremost economists. he's been a professor at columbia business school, worked at the federal reserve board, he's been a consultant to the treasury department and advised numerous presidents and presidential campaigns on economic issues. we are fortunate to have him here today to give us his expert view on the economy and it's future. today, he will be joined by mr. byron brilliant who will lead the conversation and i tell you it will be good judging by the greenroom of what they've got planned for you. byron is the executive vice president and head of international, which means he leads a team of policy experts here at the chamber working on investment issues around the world. most importantly, he is my boss and we all will give him a good round of applause. please welcome chairman kevin hassett to the stage. ♪ >> good afternoon on a monday

chairman ofday, the the white house council of economic advisers. this is "bloomberg daybreak."our bloomberg business flash. bloomberg learning china may 737 max from as list of exports it will buy as part of a trade deal. key to reducing's trade surplus, the 737 replaced by other owing models. ounceium topping $1600 an . there is little sign the global rally will slow down. it has doubled from its recent low in august. it is used in car antipollution devices. there is expected to be a shortage for the eighth year in a row. the new zealand shootings were live streamed, putting pressure on facebook and other social media. once tos prime minister discuss a crackdown. that is your bloomberg business flash. alix: you were saying angela merkel addressed that? david: she said you can't have a platform and not be responsible for what is on it. alix: deutsche bank weighing downsizing. it is considering giving up some space in hong kong. female u.s. economist report discrimination, including hundreds of reports of assault and harassment. the economic slowdown is great for the credit side

released this week by the white house which projects the gross domestic product will expand at or above 3% for the next year. i spoke with the chair of the white house council of economicto be back. paul: i do want to ask you about these differing forecasts and how do you explain the difference. >> right. or, just to be clear out of respect for monetary policy, let's just compare our forecast to the blue chip forecast, which is about the same as the fed, and then i'm talking about the blue chip guys and respecting the independence of the fed. you know, the bottom line is that about a year ago, you know, you and i were talking about the impact of the tax cuts. i was much more optimistic because i was basing my estimates on some of the latest literature that said we'd get a big capital spending boom last year, and a lot of the blue chip guys and other government agencagencies agreed with us. and then last year looked the way we said, so this year we got to thinking, gosh, if the first year in our forecast was exactly what we said and the details are even about exactly what we said, then why would we change our forecast for the second year. so we pretty much stuck to our

. >>> kevin hassett is the chair of the white house council of economic advisers and delivered remarks at the annual chamber of commerce summit focused on foreign investment in the u.s. and discuss the economy, the us/china trade talks and global economic conditions. he also said he forecasts about 3% economic growth for the u.s. in 2019. >> good afternoon ladies and gentlemen.

coming up, the chairman of the white house council of economic advisors will step what he is forecasting a gdp growth rate of 3% a year over the next 10 years. live from new york, this is bloomberg. ♪ david: this is "balance of power." i am david westin. we turn to courtney donohoe. courtney: a fire at a petrochemical storage facility in houston is burning for a third day and covering the city and a plume of black smoke. people more than 20 miles away have been able to smell the fumes, but officials say there are no immediate health concerns. -- store on fire story liquids used to make gasoline. the fire will likely burn for two more days. there could be another blow for boeing. troubled exclude their 737 max 8 jet from a list of u.s. exports it will buy as part of a trade deal. the planes could be key turn reduces it surplus with the u.s. the 737 could be replaced by other boeing models. the leader for life of conflicts on is standing down. ofthe leader for life context on is standing down. he has been president since the position was created in 1990. he is 78 years old and will remain

council of economic advisors. and we were told thing by sources, well placed within the white house, a report put together by the councilf economic advisors, the chair, kevin hasset touting the ordinary economy in the first years of the trump presidency. and again, on highly reliable sources, which we rely upon from time to time on this broadcast. the report quantifies strong, the strong impact of the presidents tax cuts, deregulation, quantifying the impact of deregulation. in fact, progrowth policies under the trump presidency. and the extraordinary results of it all. we're looking forward to the release of that report. tomorrow. the white house will have it seems, something of a historic document. the speaker of the uk house of commons, delivering a crushing blow today to the -- the speaker said parliament will not hold one third vote on the brexit plan alice mae offers different legislation for a vote. may will visit the european union council thursday for more. she helps common aggressions on brexit. the eu making it clear to this point that they have no room with which to deal.joining us tonight, at this historic,

economy and the president's big plans for the chairman of the white house council of economic advisorsyour overview of this report just out, you seem kind of ecstatic. >> we published a book was 700 pages that documents president trump's policies are working, the economy has gone from a new normal of low growth to the old normal of 3% growth and it's it doing it precisely because the policies are working the way economists think they should. factories have come back to america, we documented that is happening in the data. we said people would be hired more and so unemployment went down to historic lows for just about every category rate we said wages would grow a lot because the factories would be competing for workers and we see that as well. i promise not to filibuster but the bottom 10% of americans saw wage growth of 6.5%. >> bret: jpmorgan in their forecast for 2019 said significant u.s. economic outperformance is unlikely to persist through 2019 as the sugar rush of the fiscal stimulus wanes. >> a lot of people said we wouldn't have a sugar rush and now we are having a sugar rush

he was also assistant secretary of the treasury and the chair of the white house council of economicdvisors under president obama. mr. krueger was 58 years old. truecar is great for finding new cars. you're smart, you already knew that. but it's also great for finding the perfect used car. you'll see what a fair price is and you can connect with a truecar certified dealer. now you're even smarter. this is truecar. ♪ ahhhh! ♪ we're here. ♪ ♪ - [woman] with shark's duo clean, i don't just clean, ♪ i deep clean carpets and floors, so i got this. yep, this too, and this, please. even long hair and pet hair are no problem, but the one thing i won't have to clean is this because the shark's self-cleaning brush roll removes the hair wrap while i clean. ♪ - [announcer] shark, the vacuum that deep cleans now cleans itself. joorl we have breaking news. a suspect has been arrested in relation to the shooting in utrecht in the netherlands we have been covering all morning. this is according to officials. they made this revelation at a news conference a moment ago. they did have the name of the s

"outfront" now, kevin hassett, chairman of the white house council of economic advisers.president today having that fund-raiser, only an hour away from lordstown where that general motors factory is closing. i spoke the other day to the uaw union leader, david greene, who president trump of course had personally attacked on twitter. he says he's tried to reach out to the president twice to talk about the plant. he didn't get a response. what is president trump going to do about those jobs at this plant? >> right. well, first, i can say that i'm not really sure i agree with the way you set the thing up in the sense there's some narrow political calculation for why the president is there talking about cars. ever since i first met the president more than two years ago, he's always talking about cars, and we have been pursuing policies that bring auto jobs back to the u.s. we just pulled the numbers before i came to see you. did you realize since the election, there are 56,000 more autoworkers in the u.s. than there were when he was elected. when the president sees something

trump white house is releasing its progress report on economic policy this morning, we've got it hot off the presses, it is saying that a long economic boom is still on the horizon white house councilo start next month. she can stay with you to finish her senior year. things will be tight but, we can make this work. ♪ now... grandpa, what about your dream car? this is my dream now. principal we can help you plan for that . want more from your entejust say teach me more. into your xfinity voice remote to discover all sorts of tips and tricks in x1. can i find my wifi password? just ask. [ ding ] show me my wifi password. hey now! [ ding ] you can even troubleshoot, learn new voice commands and much more. clean my daughter's room. [ ding ] oh, it won't do that. welp, someone should. just say "teach me more" into your voice remote and see how you can have an even better x1 experience. simple. easy. awesome. house set to release 700 page economic report in under an hour from now, shows gdp growth during the first are four quarters of 2018 was fastest since 2005, the report also shows that blue collar jobs are soaring under the trump administration, 215,000 added last year alone joining

he was contrary at the house white house council ever economic advisors. austan goolsbee. considered one of the top economists in the world. considered one of the top 50 economists in the world. very shocking news. charles: sad news. speaking of which the horrific shooting on new zealand. live streamed on facebook, reposted and deleted from youtube five million times since friday. howard kurtz from the fox news channel. howard, does social mead have a problem with graphic violence in your opinion? >> social media has a huge problem. facebook, twitter, google are trying to do, million 1/2 videos is kind of mind-boggling guys to show you, feels like they're overwhelmed, pose goes to show you, facebook, this machine for mark zuckerberg built, this is difficult to control, hate speech, russia disinformation or videos of violent nature. charles: this has become his version of the frankenstein monster. some folks say when facebook really wants they develop algorithms or zero in on things they consider conservative hate speech. that they're pretty quick to identi

that's the worst month since 2017 joining us over at reaction from the white house today, national economic councilr larry kudlow great to have you back, good morning. >> good morning, carl. i was there in the roman empire, wasn't all that great. we should put -- have some perspective on it. >> yhelp us understand 20,000. how did this happen? >> i think it is a very flukey number it is interesting that 20,000 there, the household employment number from which unemployment comes was up 255, a great number the unemployment rate fell right .2 from 4 to 3.8 wages were up, actually a big wage number year on year, 3.4% look, i think you have timing issues with respect to the government shutdown. winter, seasonal issues, very flukey i wouldn't pay attention to it to be honest with you. >> well, larry, it is jim. i want to -- i share your view i want to be able to defend the number as a way to be able to say there was weather and this time you got to take weather seriously. but i wonder, larry, at what point are some of these woes from overseas are we imported. i know we're going to import a lot from that d

white house. for more we're joined by chairman of the white house council of economic advisors kevin hassett.nk you for being here. we've dug through the report. it looks pretty rosie considering some substantial things have changed in recent months. so first tell me if this is correct. economic growth so far under this president has averaged out 2.8%. is that fair? >> that's right. but the first year it was basically picking up from the ones that were left over from the obama administration and the second year we hit 3%. >> sandra: you are forecasting over the next decade that growth can be sustained, is that correct? forecasting 2.8% growth. >> yes, it can. >> sandra: how do we get there? >> all right you're seeing it. what happened is we went from 1% growth the new normal that would be disappointing forever, to 3% growth over the last two years with deregulation and tax cuts. very aggressive pro-business and pro-worker agenda. the results are there. income growth for the bottom 10% of the population at 6 1/2% since the president was elected we created 56,000 auto jobs in america. everythin

listening to that chairman of the white house council of economic advisors, how do you respond to thatl i think again wage growth at the bottom was really high because there are all these jobs being created in the u.s. people need a job to have a wage. people need a factory to work in and growing factories to have wages grow. capital and labor are not at war with one another the way the socialists say capital and labor need to work together. we're working to make capitalism better every day. workers needs jobs and socialism chases the jobs away. >> sandra: we had a few seconds and you did it for us. a big conversation and big debate in this country now. >> bill: take a wrap, huh? change is coming to the arizona zoo where a woman was attacked by a jaguar. she hopped the fence to take a selfie. jonathan hunt joins us from the west coast bureau. what is the woman saying? >> we've all seen the aftermath video by now and now we've heard from the woman who got clawed. she talked to cbs news only giving her name. she admitted she leaned over the barrier that separates human visitors from the

economic council. states exclusive with washington imposing trade deals. of the region's countries with the continuing pressure on. the protestors in venezuela when the white house moves it will the u.s. decisions help bring about any kind of peaceful resolution to south america's problems. are the words of a complex and troubled region. john carroll president of u.s. trade and economic council welcome to my show it's great to have you with us so let's talk about but allow me to start with because it's such a hot topic right now in the news. from one side we have the u.s. government that is supporting the opposition leader as the legitimate leader putting in sanctions on the other hand the government is still somehow holding on or what do you think will happen at this point because america is so involved in this crisis and the crisis is no nowhere close to be resolved to using it will actually have to intervene directly in vain and so at some point venezuela has become a contagion in the americas just like syria has become a contained in the middle east it's quite likely that mr murderer will eventually leave the challenge will be how do you go about doing that

. >> possible gamble on a casino merger -- >> okay, grandpa >> white house council of economic advisersvin hassett is going to be our guest to break down the budget guess he agreed to come sonince it's just me and becky stay tuned you're watching "squawk box" on cnbc you. all of you. how you live, what you love. that's what inspired us to create america's most advanced internet. internet that puts you in charge. that protects what's important. it handles everything, and reaches everywhere. this is beyond wifi, this is xfi. simple. easy. awesome. xfinity, the future of awesome. >>> welcome back to "squawk box. futures now have improved to just down 20 points even with boeing sharply lower this morning. and the nasdaq has kbrooued up 18 now s&p 500 up almost six points few stocks on the move this morning. casino operator cesar's entertainment and el dorado resorts are in early merger talks. carl icahn has been pushing cesars to sell itself after taking a steak in the company. deutsche bank and commerz bank they have sparked concerns for labor groups and politicians about the number of job

former top economic adviser says the white house is, in his words, in chaos and desperate for a deal with china. cohen is no crank. before he was the director of the president's economic council, he ran goldman sachs. he resigned almost exactly a year ago after the president started putting tariffs on foreign products. >>> the trouble keeps coming for boeing. the head of nasa says it may cancel this rocket, boeing space launch system or sls because of the trump administration's desire to launch a mission to the moon as soon as possible and this rocket is behind schedule, over budget. the white house wants to send an unmanned capsule to the moon before 2020. sls is not going to make it. in fact, there's talk of switching to the falcon heavy spacex big rocket. that one carried a tesla into space february of last year, you remember. we're talking about rushing to the moon, america can't take astronauts into low orbit. we have a rocket problem. we have no rockets that can get anybody there. only the russians do. later today around noon our time, two astronauts, one cosmonaut will head up to the space station from russia. >> exactly. using resources there. >> thanks. >>> 5:17 righ

former top economic adviser says the white house is, in his words, in chaos and he talks about the trade deal. gary cohen is no crank. gary cohen not only the head of the president's economic council at one point, he was also the head of goldman sachs, so he probably knows what he's talking about. let's talk about space. the trump administration in a rush to get to space. they are talking about getting rid of, canceling the boeing sls system. this would be the rocket that would take a capsule to the moon. but it looks like it's over budget and behind schedule. there's talk of the spacex rocket actually taking over. this would be the falcon heavy. you saw it launch that tesla car last february in 2018. >>> so the big problems is americans have not got a ride anywhere, much less the moon. the white house wants to go to 2020. we can't get to low earth orbit, we have to depend on the russians. two american astronauts and a cosmonaut will launch today from iss from russian territory. i think it's technically kazakhstan. you look as if -- yes. we've got to get to a situation where we are not depending on the russians. >> here we are. thank you very much. okay. we all know our own high s

"the making of the fox news white house," she details the exchange in the summer of 2017 in which president trump reportedly ordered his then director of the economic council, gary cohn, to tell the justice department to kill at&t's acquisition of time warner which owns cnn, a well-informed source telling mayer trump called cohn into the oval office as well as john kelly, the chief of staff, saying, i'm telling them i want the deal blocked and nothing's happened. cohn told kelly, don't call the justice department, we're not going to do business that way. jane mayer joins me now. just another jane mayer exclusive in "the new yorker." you're detailing this relationship with fox news which is significant and only last night the president was doubling down with sean hannity, amid new scrutiny of his ties to fox news in your piece. what is the import here? aside from the fact that i inappropriately ordered the pressuring of the justice department to block a major merger. >> the question is, is the president -- has he been abusing his power to help his friends rupert murdoch, the mogul over at fox, and to hurt his enemies, the people at cnn. this was an order fr

the white house's top trade negotiators are planning to leave in the coming weeks that's according to three associated with the plans. clete williams is the director of the national economic councilans to leave the white house he's the lead negotiator for the g7 and g20 and he's been traveling in place of larry kudlow for talks in beijing. it's unclear how or whether his departure will coincide with china trade talks. though people familiar with his plans cite twear of travel on hi young family there's a replacement in the works. that person's appointment is not yet finalized. certainly it is a major personnel change for the china delegation as these talks enter potentially their final weeks, guys >> is he someone who takes a hard line on relaxes tariffs or more open to finding a middle ground >> he's not an ideological adviser in that sense, wilf. his background is as an attorney so he focuses on the fine print and exactly what these negotiations say he's one of the most detail oriented trails on this. certainly would be a big way in these talks in the coming weeks. >> thank you, kayla. we'll watch the reaction to all this it's just under an hour now to the opening bell dom chu

that's followed by white house science and technology director, calvin droguemeyer on trump administration science goals. and council of economichair, kevin hassett and his predictions on u.s. economic growth. >> it's been 40 years since the creation of c-spanful. and i just want to take a couple of seconds here to thank a lot of people for how we got here 40 years later. start with the viewers who grabbed on to this concept from the very beginning and popularized it over the last 40 years by spending time watching their government make laws, discuss issues and, frankly, give us an opportunity to find out how interested americans are in civic affairs. secondly, need to thank the congress. because 40 years ago, the congress opened up the house of representatives to televisions for the first time in history. and because of that, we were able to put together over the years an evolving concept called c-span. third and probably most important, because we wouldn't be here without private industry in the name of the cable television business. and executives who are creating cable television systems back in the years when we started fo

light hit -- white house homeland security council, where they included the development, coordination, and oversight of u.s. government policy. she has also served as chair of the world economic forms global agenda council on risk and resilience. she is an attorney by training and has served as a senior fellow with the center for cyber and homeland security. in other words, she has walked the walk in many different facets that we'll talk about today. please join me in welcoming our moderator and the secretary. >> thank you, general. i will be exceedingly brief. i think you have covered all the bases. it is a true privilege to be one to host sec. nielsen campus. she is a rock star and has one of the most difficult jobs in the u.s. government or even given last week's events in christchurch, you can see things are morphing and changing. privileged to have a secretary at thecretary nielsen helm. madame secretary, the floor is yours. thank you for coming back on campus. i look forward to moderating the q and a with you afterwards. [applause] good morning, everyone. burgess. to general congratulations on a champ in ship. you for yourto leadership and public service. a round of app