commerce secretary wilbur ross is taking the lead on the trump administration's push to open up the commercialpace race. a new "wall street journal" article calls secretary ross in its words the deregulation czar of the serheavens. the commerce department tapped to be the prime cattalyst for loosening controls over rocket launches to asset mining, which we need for cobalt or the lithium >> for our cell phones and for our cars >> cobalt and lithium oxide. secretary ross will join us live at 8:30 a.m. eastern time to talk about that and what else is happening in his neck of the woods. his part of the world. >> check it out. let's look at futures this morning as jim bullard was speaking he turns the s&p futures positive they're looking up by almost 3 points dow futures still down, just barely down 8 points. the nasdaq is off by 2 points. this comes after that hectic day of trading at the end of the session where we saw the big swing in the last 90 minutes of trading as traders were die justing what thjus digesting what they heard from the fed yesterday. andrew is live in south korea. exciting tim

good to be with you bart the japanese steel industry is up in arms over the commerce secretary wilbur ross his recommendations to the trump administration to curb the import of steel and aluminum from not only japan but also china vietnam venezuela these would be implemented through tariffs and import quotas on japan the japanese iron and steel federation chairman coast said tariffs are a violation of the principles of free trade and of course japan is a major trading partner of the u.s. very important one there is opposition in the us in the republican party from trump's very own party that tariffs could actually have a negative impact and spike prices in products like automobiles electrical wiring and even beer cans. ok now we've seen with the administration just really in the last two weeks dan that they are not shy about imposing import tariffs they did it on solar panels we discussed it here on the program in some detail and they also did all of washing machines so what's the timeframe on the president making a decision on secretary ross's proposal or president trump has until april e

secretary of commerce wilbur ross has suggested a likelihood of putting a twenty four percent tariff on all steel imports or introducing a quota. emotions are running hot in the steel sector it could be the next flashpoint for trade between the e.u. and the us washington is considering imposing tear ups on foreign made metals imported into the country the u.s. made it clear it won't take that kind of move lying down. we stand ready to react swiftly and appropriately in case our exporters are affected by restrictive trade measures from the united states that could hit iconic brands like harley davidson its motorcycles are reportedly on a retaliatory list the e.u. has drawn up to punish if steel quotas are introduced as well as american made bourbon whiskey those products were apparently chosen because they're made in the home states of influential legislators no one is talking about a trade war but there's little question that the pressure is mounting the e.u. is also worried by the new u.s. decision to radically sink corporate taxes mission to avoid firms moving their headquarters fr

secretary of commerce wilbur ross to suggest the likelihood of putting a twenty four percent tariff on all still imports or introducing a quota china has already promised to patel yet i put in quotas on u.s. soil and other agricultural products. and there are reports the e.u. is ready to implement taps and target american products within days well coming up and says this is to tackle a global glut in still an alum india over supply things to beijing's ambitions to keep economic growth high china producing way more than it needs putting steel makers in the u.s. and e.u. out of business with dumping prices and now washington's trade sanctions could hurt everyone. joins us from the e.u. the fact that capital brussels max what does brussels have in its arsenal well first of all you commission confirmed to d.w. news that they did they have pared to retaliate in some kind of way ever since the g seven last year i don't really know if you remember that when trump announced that he might be in the game for some some terrorists here and they have two ways of retaliating the first of all is of c

secretary of commerce wilbur ross says suggested the likelihood of putting a twenty four percent tax on all still imports or introducing a quota china has already promised to retaliate by putting quotas on u.s. soil and other agricultural products and there are reports the e.u. is ready to implement tariffs on targeted american products within days i asked our process correspondent muscle fund what the you has in its arsenal well first of all the u. commission confirmed to d.w. news that they did they have appeared to retaliate in some kind of way ever since the g seven last year i don't really know if you remember that when trump announced that he might be in the game for some some terrorists here and they have two ways of retaliating the first of all is of course they could slap on and you just mentioned been there are terrorists goods they choose motorcycles whiskey those are among those you mentioned earlier but of course they could also file an official complaint with the world trade organization what we're hearing is that the european union will target products from republican

good to be with you bart the japanese steel industry is up in arms over the commerce secretary wilbur ross his recommendations to the trump administration to curb the import of steel and aluminum from not only japan but also china vietnam venezuela these would be implemented through tariffs and import quotas on japan and the japanese iron in steel federation chairman coast said tariffs are a violation of the principles of free trade and of course japan is a major trading partner of the u.s. very important one there is opposition in the u.s. in the republican party from trump's very own party the tariffs could actually have a negative impact and spike prices in products like automobiles electrical wiring and even beer cans. ok now we've seen with the administration just really in the last two weeks dan that they are not shy about imposing import tariffs they did it on solar panels we discussed it here on the program in some detail and they also did all of washing machines so what's the timeframe on the president making a decision on secretary ross's proposal or president trump has until apr

. >>> commerce secretary wilbur ross. he's followed by warren buffet. >>> thank you, for that kind introduction. this is about the host hospitable audience i've seen in washington for a very long time. i

it's already kind of they were created by wilbur ross and one of the guy from the administration long ago like a few years ago and it's basically a way to plunder because hundred billion dollars from the u.s. government just like that two hundred billion dollars said to afghanistan or iraq it just disappears it evaporates into thin air into the pockets the offshore bank accounts of some of these guys and then it trickles down so of the two hundred billion dollars going towards the u.s. infrastructure maybe two billion will make it to the ground to paying some laborers to paying for some tar or for the makah dam roads out there for that you know that's that's all that will make it to the ground so there's a huge you know you have to throw a lot of money just to get a little tiny bit to the ground here because there's middlemen all along the way taking their cut you know same thing in the medical industry obviously it costs the most expensive any in the world because of all the middlemen the administrators the administrators of growing exponentially the doctors are not as same thing and

wilbur ross came out with this figure that we'll make $3 trillion more in revenue as a result of theer 10 years. do you buy into that? >> yes. i think 3 trillion maybe is a little bit high but numbers i come up with because of the corporate tax cut and tax bill we'll increase net revenues about one 1/2 trillion dollars over the next decade. you will get a lot less tax shedderring, a lot less -- sheltering, a lot less tax evasion. a lot of companies come back to the u.s. it will be beneficial. in addition we'll get enormous amount of economic growth over the decade otherwise we wouldn't have gotten, david, just the way we did in the '80s. i don't know why piece people step outside of their business. he is a great businessman. coffee shop manager. david: faint praise, art laffer. hold on a second. meanwhile there is an economist who supposed to know something about how the economy works who caused the market to go down 300 points today, because he said he is worried about overheated economy. what do you think about mr. powell's comments? >> i think he should go to coffee-making as well

. >> reporter: secretary of commerce, wilbur ross, a member of the national space council, was at theh. >> what happens if elon muffing can prove he can do it, one, sooner, and o two, cheaper? >> reporter: the key question says cbs space analyst bill harwood says can these be safe. >> when you do things differently like nasa would do it one way and even sure safety by doing it their way. >> a lot of old-timers around nasa and the space industry are very nervous about the way of doing business with lessover sight. can the new rockets be as safe as the old ones? that's an open question. >> reporter: both spacex a v contracts. that could happen latz this year and would mark the first time humans have launched from u.s. soil since the space shuttle was retired in 2011. manuel bojorquez, cbs news, kennedy space center. >>> on "cbs this morning," two sisters sharing a unique version of the olympic dream. one place, hockey, for team usa, and the other for south korea. >>> and in the sears "american voices," we'll meet with mayor michael tubbs who has been dealing with creative plans to deal

. >> secretary of commerce wilbur ross, a member of the national space council was at the spacex launchwhat happens in elon musk can prove he can do it one sooner but also cheaper? >> i think we'll want the best and lowest cost solution regardless of who developed it. >> the key questions that cbs news space analyst bill hardwood is can chapper be as safe? >> we're not saying they're necessarily unsafe but when you do things differently that i can nasa would do it -- like nasa would do it one way and ensure safety by doing it their way. >> a lot of people are nervous about the new way of doing business with less oversight. can the new rockets be as safe as the old ones? it's an open question. >> spacex and boeing have contracts with nasa to send astronauts to the international spacation and marked the first time humans launched from the space shuttle since it retired in 2011. >>> it's 4:57, today president trump unveils $1.5 trillion plan to fix the nation's infrastructure. where is the money coming from? i'll have the details coming up. >>> plus, a san francisco 49ers player arrested o

wilbur ross suggested the likelihood of putting a 24% terra on all steel -- terrorists on all -- tarriffall steel imports. >> washington has considered imposing tariffs. the u.k. said it will not take that move lying down. >> we sound ready -- we stand ready to react appropriately is our allies are affected by swift trade measures from the united states. >> that could hit iconic brands like harley davidson. motorcycles are on a retaliatory list the eu has drawn up to punish as steel quotas are introduced as well as american-made bourbon whiskey. they are made in the home state of influential legislators. no one is talking about a trade war, but there is little question the pressure is mounting. the eu is also worried by the u.s. decision to sink corporate taxes. >> we want to avoid firms moving headquarters from europe to the u.s. and we would like to avoid slowdown of investment. those are things we will discuss. that is important because when it comes down to is keeping jobs in europe. >> germany's acting finance minister says he hopes for support from people in the u.s. that continue

wilbur ross says he thought strong measures were necessary. that was enough to send steel stocks higher. kayla tausche is in washington with the details. >> reporter: the commerce department found cheap imports of steel and aluminum flooded the u.s. in recent years. the agency is rec president trump put restrictions on imports to restore u.s.he production80% of capacity. steel plant are running at less than 3/4 ofapacity and aluminum, less than half. there are three categories of blanketed tariffs for all, the second, targeted tariffs. finally a limit on the amount each country could exported to the u.s. the steel and aluminum agencies have urged washington toer considtrict penalties that would preserve their business. the ceo of in a -- of majesti steel w on capitol hill. >> without a strong industry it is a risk to our whether it comes to national security, infrastructure orra gene economic needs. >> reporter: some worry action would lead to higher prices and escalate trade tensions with china and other u.s. trang partners. in a statement, t

it's already kind of they were created by wilbur ross and one of the guy from the administration long ago like a few years ago and it's basically a way to plunder because i k two hundred billion dollars from the u.s. government just like that two hundred billion dollars said to afghanistan or iraq it just disappears and evaporates into thin air into the pockets the offshore bank accounts of some of these guys and then trickles down so of the two hundred billion dollars going towards the u.s. infrastructure maybe two billion will make it to the ground to paying some laborers to paying for some tar for the makah dam roads out there for the you know that's that's all that will make it to the ground so there's a huge you know you have to throw a lot of money just to get a little tiny bit to the ground here because there's middlemen all along the way taking their cut you know same thing in the medical industry obviously it costs the most expensive any in the world because of all the middlemen the administrators the administrators of growing exponentially the doctors are not as same thing a

. >> [inaudible] >> well, wilbur ross was in the paradise papers, the latest leak and it's interestingbur had some bad days recently and that's only part of it. it turns out that he, you know, he said that he divested himself from most of the companies and he wasn't clear in his testimony and filings, that it was a piece of the company that does shipping business with russia, including, i think the son-in-law of vladimir putin is married to his daughter. and this was a bit of a scandal for wilbur ross, including also the fact, oh, this was not broke in the paradise papers, that he had lied about his net worth. again, it's the ability of these off-shore companies to sort of allow one to hide your activities and to-- conspiracy becomes a particular problem if you're going to become a public official. have you gotten any feedback from anybody who says you've got it right or you've got this wrong? >> oh, yeah, i mean, thankfully not so much you've got this wrong, but certainly the you've got it right. this is a very complex world and it's important to sort of note that it's not-- you know,

. >> reporter: secretary of rymmerce wilbur ross a member of the national space counsel was at the spacex reporter: what happens if he can prove that he can do it one sooner but also cheaper? >> well, i think we're going to look at the best and lowest cost solution regardless of who revelops it. >> reporter: the key questions, says cbs news space analyst bill e.rwood is: can cheaper be as safe? >> we're not saying these are necessarily unsafe. yt when you do things differently, nasa would do it one way and would ensure safety by doing their way. >> a lot of old-timers around nasa and the space industry are nervous about this new way of doing business where there is eess oversight than there used to be. can new rockets be just as safe as the old ones? that's an open question. >> reporter: both spacex and hoeing have contracted with nasa to send astronauts to the international space station, that could happen late this year. and would mark the first time humans have launched from u.s. soil since the space shuttle was intired in 2011. manuel bojorquez, cbs news, kennedy space center. >> morg

. >> reporter: secretary of commerce wilbur ross, a member of the national space council, was at the spacex launch. what happens if elon musk can prove that he can do it, one, sooner, but also cheaper? >> well, i think we're going to want the best and lowest cost solution regardless of what develops it. >> reporter: the key questions that cbs news space analyst bill harwood asked. >> when you do things differently, like nasa would do it one way and you'd insure safety by doing it their way. >> a lot of old timers around nasa and the pastry are very nervous about this new way -- space industry are very nervous about this new way of doing business with the less oversight. >> reporter: both spacex and boeing have contracts with nasa to send astronauts to the international space station. that could happen late this year and would mark the first time humans have launched from u.s. soil since the space shuttle was retired in 2011. >>> meanwhile back on earth we had some gusty winds early to a little bit, beautiful night around the bay area with just a few clouds around and clear skies, it

wilbur ross says the u.s. imports of aluminum and steel including a tariff of at least 24% on steel imports from all countries. isna's commerce department beijing will take the necessary measures to protect its own rights. noble group says it is confident that rebuilding its business and asia despite flagging a fourth-quarter net loss of up to $1.93 billion. they are restructuring talks with stakeholders have been productive per chair holders have criticized a deal announced last month to restructure $3.5 billion worth of debt. india's ceo bank says it has exposure of about $412 million to a fraud against a bank in a case linked to a billionaire. three people have been arrested over the alleged $2 million scam, including two employees of pnb. they are accused of using fake pnb guarantees to fraudulent lee obtain loans. bankers are said to be at risk of losses. bridgestone's sale as the tokyo opened after it missed estimates per guidance released after the friday close for operating income of $3.5 billion. abou

secretary of commerce wilbur ross has suggested the likelihood of putting a twenty four percent tariff on all still steel imports or introducing a quota. emotions are running hot in the steel sector it could be the next flashpoint for trade between the e.u. and the us washington is considering imposing tariffs on foreign made metals imported into the country the u.s. made it clear it will take that kind of move lying down. we stand ready to react swiftly and appropriately in case our exporters are affected by any restrictive straight measures from the united states that could hit iconic brands like harley davidson its motorcycles are reportedly on a retaliatory list that u. has drawn up to punish if steel quotas are introduced as well as american made bourbon whiskey those products were apparently chosen because they're made in the home states of influential legislators no one is talking about a trade war but there's little question that the pressure is mounting the e.u. is also worried by the new u.s. decision to radically sink corporate taxes emission to avoid firms moving their head

it's already kind of they were created by wilbur ross and one of the guy from the administration long ago like a few years ago and it's basically a way to plunder because hundred billion dollars from the u.s. government just like that two hundred billion dollars sent to afghanistan or iraq it just disappears it evaporates into thin air into the pockets the offshore bank accounts of some of these guys and then trickles down so of the two hundred billion dollars going towards the u.s. infrastructure maybe two billion will make it to the ground to paying some laborers to paying for some tar or for the macca dam roads out there for that you know that's that's all that will make it to the ground so there's a huge you know you have to throw a lot of money just to get a little tiny bit to the ground here because there's middlemen all along the way taking their cut you know same thing in the medical industry obviously it costs the most expensive any in the world because of all the middlemen the administrators the administrators of growing exponentially the doctors are not as same thing and in

it's already kind of they were created by wilbur ross and one of the guy from the administration long ago like a few years ago and it's basically a way to plunder because hundred billion dollars from the u.s. government just like that two hundred billion dollars said to afghanistan or iraq it just disappears it evaporates into thin air into the pockets the offshore bank accounts of some of these guys and then trickles down so of the two hundred billion dollars going towards the u.s. infrastructure maybe two billion will make it to the ground to paying some laborers to paying for some tar or for the macca dam roads out there for that you know that's that's all that will make it to the ground so there's a huge you know you have to throw a lot of money just to get a little tiny bit to the ground here because there's middlemen all along the way taking their cut you know same thing in the medical industry obviously it costs the most expensive any in the world because of all the middlemen the administrators the administrators of growing exponentially the doctors are not as same thing and in

already kind of they were created by wilbur ross and one of the guy from the administration long ago like a few years ago and it's basically a way to plunder because hundred billion dollars from the u.s. government just like the two hundred billion dollars said to afghanistan or iraq it just disappears it evaporates into thin air into the pockets the offshore bank accounts of some of these guys and then trickles down so of the two hundred billion dollars going towards the us infrastructure maybe two billion will make it to the ground to paying some laborers to paying for some tar for the makah dam roads out there for that you know that's that's all that will make it to the ground so there's a huge you know you have to throw a lot of money just to get a little tiny bit to the ground here because there's middlemen all along the way taking their cut you know same thing in the medical industry obviously it costs the most expensive any in the world because of all the middlemen the administrators the administrators of growing exponentially the doctors are not as same thing and infrastructu

good to be with you bart the japanese steel industry is up in arms over the commerce secretary wilbur ross his recommendations to the trump administration to curb the import of steel and aluminum from not only japan but also china vietnam venezuela these would be implemented through tariffs and import quotas on japan the japanese iron and steel federation chairman coast said tariffs are a violation of the principles of free trade and of course japan is a major trading partner of the u.s. very important one there is opposition in the u.s. in the republican party from trump's very own party the tariffs could actually have a negative impact and spike prices in products like automobiles electrical wiring and even beer cans. ok now we've seen with the administration just really in the last two weeks dan that they are not shy about imposing import tariffs they did it on solar panels we discussed it here on the program in some detail and they also did all of washing machines so what's the timeframe on the president making a decision on secretary ross's proposal or president trump has until april

. >> good morning. ,hen we look at the story wilbur ross produced the document to much her law. will you see that? people saying, we can deal with paris but we cannot deal with a trade. so there risk of a trade war and 2018? need tonk what we assess is whether the united states trade policy will be matching. washing machines, other goods, taking them into consideration. when there is protectionism, which is a very different sort of thing when you have a generalized protectionism that describes u.s. trade policy, which is the opposite of what the u.s. has been doing for the last 17 years, that is fundamentally changing the way the world looks at the u.s.. the weakening dollar is partly a reflection of what the world sees as an aftermarket against this protectionism rhetoric we have seen donald trump and the administration whispering. >> how concerned should i be? i could argue the rhetoric was sharp before. we have the elections coming up. might be a little bit more domestic. that is a platform they came at power with. >> good question. it boils down to jobs and growth. that is h

wilbur ross will detail what he feels is proof that some of these products getting dumped on this country and our response might be tariffs. they're not spelling it out in so many words but they are threatening in lots of words. we will detail shortly. keep an eye on this. it does seem to indicate the administration is upping the trade war anti- if that is indeed the case. we will keep an eye on the. the dow is up 173 points. meanwhile a lot of second-guessing overshooting this week in what authorities knew about nikolas cruz and when they knew it and if the fbi could have stopped the sky there is information that they were aware that nikolas cruz threatened school shootings down to the unique spelling of his first name, he spelled it with ak. those injured are wondering what could've been done about this. there's so much we don't know. what we do know seems to hint that something fell through the crooks. >> certainly we would like to know more and it breaks these people's heart. they would love to stop these incidents. when we talk about what may have happened, is not independence, it's

we are obviously working to intensify our cooperation on digital trade, wilbur ross from your side speak further on my trade minister here with him today have made terrific progress in that regard. we turn to security. yesterday, lucy and i and we met general dunford at the arlington national cemetery and we honored america's war dead. we honored australian airmen who had died in combat in the second world war, buried here at all arlington also and we are reminded that all of the freedoms that we enjoy, whether it is in canberra or here in washington at the white house or in congress, all of those freedoms have to be secured generation after generation by courageous men and women defending freedom's pause. our freedoms have depended on them. and americans know that australians know that each of us have no betterally . we are mates. 100 years of mateship. we're working to address the greatest threat to our region right now, north korea's illegal nuclear weapons program. i want to welcome and support the new sections that have been announced today and we continue to do precisely the same w

. >> secretary of commerce wilbur ross, member of the national space council was at the space x launchcan prove he can do it sooner cheaper. >> think we will want the best, lowest cost solution. >> the key question says cbs news space analyst, bill harwood is can cheaper be as safe? >> we are not saying these are unsafe. >> of course not. >> when you do things differently. nasa will do it one way to ensure safety by doing it their way. >> lot of old-timers around nasa and space industry. are nervous about new way of doing business. there is less oversight. can the new rockets be as safe as old ones. that's an open question. >> both space x and boeing have contract with nasa to send astronauts to the space stat >>> an arkansas hospital in little rock people don't go for cardiac care, many go for the hearty meal. >> we work on the campus of arkansas children's hospital. >> reporter: you came from another hospital. >> from another hospital to this hospital to have lunch. >> reporter: three days a week, chef kobe smith, dishes out the most japanese ramen in town. >> you come when they're s

if you have a steel company, maria: like wilbur ross was. >> we just wanted fair. if you pay $10 tariff on our steel in your country, will put down $11, but a $10 tariff year. trade your reciprocal tax? she's not going to allow cheap products to come and get dumped in this country. he's not. dagen: my point is whether the justification is fair or not for these terrorists, it could have a major market impact. >> congress pushing back saying we don't see inflation. yesterday i sat down for an exclusive interview with paul ryan. he weighed in on everything from entitlement reform and also inflation. >> they should be normalizing by the way. the fed has been carrying all of the water. blues, easy money because we had horrible fiscal policy couple over regulation, higher taxes. we are getting regulatory relief, tax reform long time coming and the fiscal policy authorities are taking over the work of growth in the economy so they don't have to do that so we can start normalizing interest rates. we want to have rates be normalized. that is why the biggest driver of it is

trade, tourism, and investment, who will also be at the high-powered meetings and will meet with wilbur ross secretary. talk to us about the tpp first. it is sort of dead from the u.s. point of view, because the u.s. the u.s.if -- but if were decide they wanted back in, without the on the table? guest: the 11 of us that have come together to form what is now called the tpp 11 represent $13.7 trillion worth of economic activity. we have left the door open for the u.s. to come back. we weren't surprised, but we were disappointed when president trump took the decision to withdraw the u.s. from the tpp, but if there's an opportunity for the u.s. to consider coming back, we think that would be a terrific outcome. vonnie: when you say opportunity, what do you mean exactly? guest: ultimately what we've done with the tpp 11 is -- we'vely replicate cap what was in the original tpp with the united states but suspended a number of provisions that come in many respects, reflected the main interests from the united states. we put a cause effectively on that. it creates the incentive for the u.s. to take

the commerce department about the investigation -- after the investigation has concluded with the wilbur ross meeting. sources tell us there will be and possibly much more, 23.5% on aluminum from china and russia. that is doing this to the price of aluminum in london, up 1.9%. should be noted that stockpiles have been growing. you would not have anticipated the price of aluminum would move up like this but it is on the news that is having an impact for traders. mark: joining us is market chatsworth -- marcus ashworth. to come did it take you up with the title? ryan's idea. mark: it is a great piece. it goes against a narrative of one of the most read stories. selloff grips credits as rate fears take -- you are focusing on the european credit market which has not been hurt as much as other parts of the space. >> i am focusing on what is happening now as opposed to last week. the ending today is a classic, the week after the week that was with the turmoil last week. this week is a classic trading week. the hedge funds should have done really well because you see reaction into the close of day,

knew that was an opportunity, whether it was to talk to mcmaster were tellers and on the new chin, wilbur ross, all of those people cycled through. there's a lot of information that was in those briefings. they still do some, but they are kind of low-key, but information rich. >> you know, it's interesting you brought that up. we still do a number of those, but we have people comment on the front end of the briefing because there's a lot more reporters to get the information out there. they are very sensitive and very policy driven. it's interesting that rarely do all the cable networks covered the first part of the briefing. on most occasions when i come in i'll do an opening and will introduce the local officials subject matter. and i think that the exact point i was making is that i think certainly it echoes exactly what mike was saying is we have lost the purpose of what the briefing was intended to be. it was meant to inform the public. it was meant to inform reporters so they can further inform the public and we are getting further and further away from that component, particularly when

this comes after wilbur ross released a menu of protectionist measures on friday that president trump should consider to maintain the u.s. capacity to make steel and aluminum for national defense. the ministry says the company will take necessary measures if the entries are fact day. news of a possible terror sent stocks in steel and aluminum soaring on friday. lauren: yes they did. a cruiseship descended into complete mayhem. what exactly happened. >> this is crazy. a dream vacation on carnival cruise ship in the south since it turned into a nightmare. look at this crazy video. one of the many fights that broke out your screaming, yelling, throwing passengers. members of an extended family started trouble with gas constantly and it's unclear how and why the phrase started good one family member said it may have been because of a misunderstanding after someone's death on someone else's flip-flop. several of the family members were kicked off the ship and taken by local authorities in australia. crazy. look at that. cheryl: and the word if alcohol was involved? thank you very much. we

. >>> wilbur ross has told cnbc that tax cuts are having a strong impact on american workers.sident trump's critics are being proven wrong about u.s. growth he says >> the naysayers were before president trump's election, they were saying we would never get over a 1.5% to 2%. they've been proven quite wrong. this year the tax bonuses are being paid, almost million americans are getting,0 $1,000 r more in a check. >>> the federal receive sees inflation picking up even though it did not raise rates at the latest meeting, which was the last one for janet yellen, the outgoing chair the central bank wasn't expected to hike, but comments about inflation expectations have some market watchers thinking the fed may quicken the pace of rate hikes. we have a market watcher with us diana moaz from jpmorgan asset management what are your views on fed rate rises this year? when will they be and why? >> we think the fed are on track to raise rates four times this year we expect a hike in march, which is pretty much priced in by the market we also expect they will most likely hike again in ju

wilbur ross says the u.s. imports of a

wilbur ross says the current metal imports threatens national security. global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. ♪ emily: i'm emily chang, and this is "bloomberg technology." coming up, robert mueller unveils the details of a widespread and coordinated campaign by russians to influence the u.s. presidential election using social media to spread their message. snap's earlynside days to show the company's journeys from one of silicon valley's hottest startups to one of the prominent ipos of the year. latest from the and technology are gathering in los angeles. we will bring you the highlights including our conversations with ted leonsis. first to our lead. u.s. special counsel robert mueller has charged 13 russian nationals and three corporations with interfering in the 2016 presidential election by using social media. fake rallies and secretive operatives. here is deputy attorney general rod rosenstein on the indictment. >> there is no allegation in this indictment that any

. >> wilbur ross there talking in washington yesterday >>> also in washington, robert mueller filed 32 new charges against paul manafort and rick gates. the charges include bank fraud, falsifying tax returns and money laundering a spokesman for paul manafort said he is innocent and the new charges have nothing do with the russian election meddling that mueller is investigating. >>> in the uk, theresa may will unveil her vision for exiting the european union next week in what will be the culmination of a series of speeches called the road to brexit this after the british prime minister held crunch talks with top ministers at her retreat late into the evening last night. the discussions dragged on for eight hours and were intended to iron out differences amongst her jeremy corbyn, could back a rebel conservative move marking a shift in the previously held position he will deliver his own speech on monday and is expected to signal his intent for a softer brexit approach. with the conservative short of a parliamentary majority the move could threaten theresa may's own brexit strategy. >>>

secretary wilbur ross says the u.s. may slap tariffs on imports of aluminum and steel.hina's commerce department says beijing will take necessary man -- measures to protect its own rights. nationwide rallies to the demand lawmakers act on gun controls pimm students who up -- controls. students calling president trump's needlessly divisive. the president criticized democrats and the fbi over the attack that left 14 students at three does that. >> people are saying that it is not time to talk about gun control. we can respect that. here's the time. march 24 in every civil city. we will be marred -- in every single city. we will be marching as students march if our lives. this is not about the gop. this is not about the democrats. we feel neglected. at this point, you are with us or against us. christine: an iranian plane has crashed, with all six the five people were killed. it came down in a foggy mountainous region of southern iran. kilometers of the capital of iran where the plane had taken off. the head of slot via's central bank has been detained by the anticorruptio

wilbur ross with nearly 25% on , by the way, a wonderful piece written by jonathan stearns and this could be trump turning to a sledgehammer piece of and he might invoke this to levy the trade tariffs. how much is in this. 1% of theoduces theatricald it is and creates not much bang for your buck. this andintroduced japaneseiffs protected motorcycles and reagan did it. the market can deal with tariffs, but not a trade war. >> the beginning of the tariffs do not equate to a trade war to you. >> it is encouraging that we saw range offs come for a products and it was very encouraging, i thought. china, in terms of the imports, it was barack obama who -- oduced the chinese exports drop and that is why they use the word theater. risk now?e big inwill talk about our man russia. equities have the best run since the ubs survey adds into the momentum. equity, did you see and the advantage? equities andbal everybody says they want to buy the dip and there is a scare danger.latility and so, it is good for you on that one. we chose the u.k. equities because they had under-performed bought thed have wo

. >>> sticking with walk, we'll hear from commerce secretary wilbur ross coming up this morning.hat's at 8:30 a.m. eastern time on cnbc. that will be on "squawk box. >>> still ahead, the top stories and a round up of the global market picture let's check in on the futures market we're pointing lower, only by 65 -- now improving to 50 points lower on the dow back on "worldwide exchange" in a couple of minutes. today, the new new york is ready for take-off. we're invested in creating the world's first state-of-the-art drone testing facility in central new york and the mohawk valley, which marks the start of our nation's first 50-mile unmanned flight corridor. and allows us to attract the world's top drone talent. all across new york state, we're building the new new york. to grow your business with us in new york state, visit esd.ny.gov. to grow your business with us in new york state, dawn is serving up dinner for a whole town! that table was like... so big! can one bottle of new dawn clean all the dishes? we did it! 6,000 dishes! a drop of dawn and grease is gone. >>> fed fallout

wilbur ross. throughe people cycled and there was a lot of information in those briefings, and they still do some, but they are in a low-key, but information rich. sarah: it is interesting you brought that up, we still do a number of those, but we have people who come in the front and of the re-think, and we can get that information out there. what is incredibly interesting, because those are very policy driven, it is interesting that rarely do all of the cable networks cover that first part of the briefing. on most occasions when i come in, i will do an opening, and then i will introduce a cabinet level official or subject matter expert, and the cables will cut away and don't come back until the q&a, and that is the point i am making, it echoes exactly what mike is saying. we have lost the purpose of what the briefing was intended to be. it meant to inform the public and inform reporters so they could further informs the public. we are getting further and further away from the component, particul

. >> secretary of commerce wilbur ross, member of the national space council was at the space x launch happens if elon musk can prove he can do it sooner cheaper. >> think we will want the best, lowest cost solution. >> the key question says cbs news space analyst, bill harwood is can cheaper be as safe? >> we are not saying these are unsafe. >> of course not. >> when you do things differently. nasa will do it one way to ensure safety by doing it their way. >> lot of old-timers around nasa and space industry. are nervous about new way of doing business. there is less oversight. can the new rockets be as safe as old ones. that's an open question. >> both space x and boeing have contract with nasa to send astronauts to the space station. that could happen late this year. would mark the first time humans have launched from u.s. soil since the space shuttle was retired in 2011. manuel bojorquez, cbs news, kennedy space even if no one in your home smokes, secondhand smoke can be closer than you think. secondhand smoke from a neighbor's apartment can enter your home through air vents, throug

and wilbur ross, the president's commerce secretary says he wants to turn the moon into a gas station space travelers. more details on that coming up. and president trump, let's just say he's not happy about california declaring itself a sanctuary state. he's actually threatening federal immigration officers from that state. the vice president of the national border patrol counsel response to that one. later this hour see that's funny, i thought you traded options. i'm not really a wall street guy. what's the hesitation? eh, it just feels too complicated, you know? well sure, at first, but jj can help you with that. jj, will you break it down for this gentleman? hey, ian. you know, at td ameritrade, we can walk you through your options trades step by step until you're comfortable. i could be up for that. that's taking options trading from wall st. to main st. hey guys, wanna play some pool? eh, i'm not really a pool guy. what's the hesitation? it's just complicated. step-by-step options trading support from td ameritrade . charles: let's take a look at futures here. we're going to hav

i have heard wilbur ross.eard the president say very clearly they want to take action to defend america's steel industry and aluminum industry as well. there is a clear case here. i mean, we do have a global set of rules. unfortunately, china has been consistently violating them for the past couple of decades and we've been surrendering on trade. this is a president, one of the reasons he had such appeal in pennsylvania and ohio is that he said he would defend american workers, defend american industries. he's going to be well equipped to do this. i'm confident in the ability of this administration to fight against any of that retaliation. the reality is, we've been in a trade war for a long time. it's been a one sided trade war. we're starting to push back. some people won't like it, but that's the way this president has charted his course. >> dana: scott, can you tell me why do people think that when president bush tried this in 2002 that it failed? >> you saw a net loss over 200,000 jobs. i just want to res

bob lighthizer and wilbur ross from your side, and our trade minister have made terrific progress ingard. we turn to security. yesterday, lucy and i were with general dunford at the arlington national cemetery. and we honored america's war dead we honored an australian airman who had died in combat in new guinea in the second world war who was buried at arlington also and we are reminded that all of the freedoms we enjoy, whether it is in our parliament or here in washington in the white house, or in the congress, all of those freedoms have had to be secured generation after generation by courageous men and women defending freedom's cause. our freedoms have depended on them and americans know, as australians know, that each of us have no better ally we are mates 100 years of mateship. we're working together, as you said, to address the greatest threat to our region right now north korea's illegal nuclear weapons program. and i want to welcome and of course support mr. president new sanctions that have been announced today. we continue to do precisely the same with our own autonomous

wilbur ross, please. >> we're flashing ward to playing a big role in the transformative project. what has been al located congress. the chair of the committee taking in the big transformative projects so we hope all of you have good deal of atgination and determination the tons transformative level. president trump: thank you president? i said aboutwhat i the tax of the countries coming in and taking advantage of the country assume? you don't, boy, we would be in trouble. can you i that marriage gin? a rereciprocal tax, wilbur, how do you feel about that? so much we gave away unilaterally with very to claw back. aretrade things self-flinged wounds. wait wasn't that other countries volunteered concessions that were mindless. they may have been good public right after world war ii. when we had to rebuild europe and rebuild asia. but that is a long time ago. the concessions that were areopriate then inappropriate now. look at some of the trade deals i say how could it truth isened this the it was lazin after world war ii we helped germanyen we helped hp we helped. you had the korean