this story was never about just wilbur ross.s about supporting president trump's drain the swamp agenda. on your behalf we'll keep up the pressurere on democrats and bureaucrats. big business and the public sector unions. the republicans in congress and members of the president's administration. that's what we do here at swamp watch and we get results. coming up. theresa may says the u.k. may end up with no brexit at all. the details after this. my father passed this truck down to me, that's the same thing i want to do with you. it's an emotional thing to watch your child grow up and especially get behind the wheel. i want to keep you know, stacking up the memories and the miles and the years. he's gonna get mine -but i'm gonna get a new one. -oh yeah when it's time for your old chevy truck to become their new chevy truck, there's truck month. get 18% of msrp cash back on all silverado 1500 crew cab lt pickups when you finance with gm financial. that's $9,000 on this silverado. plus, during truck month make no monthly payments f

as i said, wilbur ross has done the right thing. you should now get credit for that.ory was never just about wilbur ross it was about this thing president trumps during the swamp agenda. it's the biggest most promises he made the 16. on your behalf keep up the pressure on democrats and bureaucrats, on big business and the public sector union, gives in congress and yes, members of the president's administration. that is what we do here on out and, as you can see, we get results. coming up, teresa may says the uk may end up with no brexit at all details after this. belly fat: the chili pepper sweat-out. not cool. freezing away fat cells with coolsculpting? now that's cool! coolsculpting safely freezes and removes fat cells with little or no downtime. and no surgery. results and patient experience may vary. some common side effects include temporary numbness, discomfort,and swelling. ask your doctor if coolsculpting is right for you and visit coolsculpting.com today for your chance to win a free treatment. >> one of the biggest headlines from trump's trip was over brexit

commerce secretary wilbur ross under fire for his investmes. the plant that could reduce pollution's effects on the ocean, and much more. >> woodruff: u.s. intelligence agencies are unanimous in their assessment that russia interfered in the 2016 presidential election and senio officials warngoing efforts to do it again in the 2018 midterms. t, examine the threat and what's being done to stop'm joined by two women with recent and extensive experience focusing on voting infrastructure and russiandd ng in the u.s. juliette kayyem worked in the department of meland security in the obama administration and led a review of state election systems. and laura rosenberger is director of the bipa project, alliance for securing democracy, which is based at the german marshall fund and tracks foreign interference in the u.s. and europe. she previously worked in the state department and on the national security council staf during the obama administration. we invited the department of s homelaurity to be on tonight's program but no one was available. i want

one cabinet head that's getting more attention of late is theme secretary of ce, wilbur ross. amna nawaz has a look at the ethics concern aboutfir. ross's ownces and meetings while in office. >> nawaz: judy, last week, the acting director of the u.s. office of government ethics sent a letter to secretary ross criticizing the commerce secretary for failing to fully divest stocks by january 15, 2017, 18 months after ross reed to do so. the letter stated "your failure to divescreated the potential for a serious criminal violation on your part and undermined public confidence." ross has since admitted to "inadvertent errors" and announced he has finally sold all equity holdings but questions about the timing of ross's actions as secretaryte reto his personal wealth remain. dan alexander of "forbes" has been covering the story and his reporting was cited by the office of government ethics in that letter last week. he joins me now. dan alexander, welcome to the "newshour". i want to ask you about some of your latest reporting. you looked specifically at secretary ross' calendar, spec

commerce secretary wilbur ross, that's today at 7:00 a.m. eastern time right here on "squawk box. >> tesla, ceo elon musk announced a production milestone for the model 3 sedan. we've all been waiting to find out whether they would make it or not he sent out a tweet over the weekend. we're joined with more from phil la bow. >> andrew, most thought they would be close or barely make it to 5,000 model 3s being manufactured in a week yesterday the official word came from elon musk sending out not only a tweet about how proud he was for his staff, but he sent an employee e-mail if you look closely at the bottom there that's a model 3 that says 5,000th on it. he also in the e-mail that he sent to the employees, he said not only did we factory gate 5,000 model 3s but we achieved the s and x production target for a combined 7,000-vehicle week it was a rush to say the least there are reports that there was plenty of cheering and celebrating when they finally completed the 5,000th model 3 early in the morning sunday morning. so basically a few hours

with wilbur ross. about what he sees happening now, how he sees negotiations going and where we stand. we also have peter navarro who will weigh in on trade the two wings of the white house where you have wilbur ross and peter navarro on one side. you have larry kudlow on the other side along with steven enou mnuchin. we have kevin hassett, and ivanka trump and many others who will be joining joe. that's not all we have today we have big things happening here in times square we'll be joined by joe moglia, chairman of td ameritrade. when he was ceo of td ameritrade, he took client assets from $24 billion to 28$20 billion, increasing it by more than ten fold. td ameritrade today client assets top 1.2 trillion. we'll get a good view of what investors are thinking, where they're putting their money to work and what's happening. we'll dig through that with joe who also happens tobe the coac of coastal carolina's football program, making sure he's training this team to be leaders. happy birthday, brian. >> y

wilbur ross. congratulationses to the president, to you, the trump administration trade team in winning the eu president's agreement to work on expanding the trade relationship between america and europe. i mean this is such a strong result. how quickly will we see that trade surplus on the part of the europeans decline and more trade across the atlantic? >> well it's going to take a while to implement, but the key ingredients are both leaders agreed on the real objectives in detail, namely no tariffs, no nontariff trade barriers, no subsidies, no interference with market access. those are very, very big steps and he accomplished them, i think, because of his very strong position on putting in the tariffs we did already and gearing up to do the automobile tariff if necessary. lou: mr. secretary, i have to agree with you 100%. you know, i listen to the wailing of paul ryan wailing about everything including the tariffs saying this is no way to operate. we've heard this nonsense from the republican

secretary wilbur ross, and former secretary carlos gutierrez. given their long and decorated careers, they're both well-known to the group assembled here today so i'll be brief in describing their many accomplishments so we have more time to hear their insights on expanding commercial opportunities. wilbur ross is the 39th secretary of commerce, having assumed his post in february, 2017. prior to joining the trump administration, secretary ross had a prosperous career in banking and investing. first at nm rothchild and sons and then at his own private equity fund, wl ross and co. secretary ross has been chairman or lead director of more than 100 companies operating in more than 20 different countries. and he's an avid art collector. carlos gutierrez served as the 35th secretary of commerce from 2005-2009 under the george w. bush administration. secretary gutierrez spent a very productive 29 years at kelloggs, culminating in the chairman and ceo roles in his final five years at the company. he is currently co-chair of the albright stonebridge gro

mike secretary of state pompeo and commerce secretary wilbur ross. secretary pompeo announced investments worth 113 me dollars, and to support the digital economy, energy, and infrastructure in the region. >> now taking the stage, mr. -- mr. tom donahue, president and ceo of the u.s. chamber of commerce. >> good morning, ladies and gentlemen. [applause] hearddo that, you haven't what i have to say yet. it's my pleasure to welcome you to the u.s. chamber today for the indo pacific business for him. we've got a great crowd, we have extraordinary speakers, and i think you will go away glad you came. we brought together leaders from business, government, and others to discuss issues of importance to all of us. america's engagement in one of the most significant regions of the world. we're looking forward to hearing directly from top administration officials about their vision of the region and there'll also be opportunities to ask questions and, of course, to network. today's forum symbolizes the increasingly important role that india and the subcontinen

wilbur ross selfie will -- says he will sell his equity holdings.nming out kelly, r bureau chief at bloomberg and kelly collins. let's kick it off with steve:, the next guy investing in cryptocurrencies. >> i saw this and thought, he is going in and it is notable that this fund is self economist and is led by a woman, so that is notable in the hedge fund world. but has also drawn investment from union square ventures, from the ceo of coinbase, so this actually feels like something real in the world of crypto. ofgy: it started at the end last year and it is important to note that the money going into this is coming from his cohen private ventures, not from the hedge fund that he runs. it is part of his asset base that he uses to invested longer-term capital. this is definitely a longer-term play. and into the asset class. that is important, because sometimes when people here that somebody is going into crypto, they think immediately about the coin and this is thinking about investments across the board in the asset class, in terms of infrastructure f

we've heard from commerce secretary wilbur ross.sitive signs coming around >> yes, definitely positive signs. >> president trump's top trade adviser, peter navarro. >> if we can get that right, it'll have very strong positive implications for the american economy and the global economy. >> and ivanka trump. >> because ultimately we want business to step up to the plate. >> and the news makers continue with budget chief mick mulvaney and labor secretary alexandria acosta. a special hour of "squawk box" begins right now. >>> if you're hearing that music, it can only mean one thing and that is we are right outside the beautiful white house on a pristine day in washington, d.c. i don't know whether, just because it's early, it's not humid, it doesn't feel hot. there's not a cloud in the sky and it's just a beautiful scene. you've seen also who we already had on. we've had a conversation with ivanka, ivanka trump, obviously, the first daughter as well as wilbur ross, peter navarro. i sometimes call him a fire brand but he certainly tells

do not miss wilbur ross, no doubt a on "squawk box" at 7:00 a.m. eastern time. other big story remains oil. crude oil is down a bit. but nearly $74 a barrel. it's up 17% in just three months there was big news you may have missed over the weekend. president trump tweeting on saturday, quote, just spoke to king solomon of saudi arabia and explained to him, that because of the turmoil and dysfunction in iran and venezuela, i am asking that saudi arabia increase oil production to make up the difference. prices from too high he has agreed. end quote. but whether the saudis agreed to pump more oil remains the open question this morning. we're being joined from abu dhabi. there is some -- about what was said in a phone call with our president, correct >> that's correct, brian it's interesting to note that we haven't heard much from saudi arabia in the last 48 hours and nothing to contest what we've heard from the president what we do know is the white house clarified that king salman of saudi arabia essentially said they'd be willing to pump more if necessary we know,

commerce secondary wilbur ross says he will sell equities. nd no evidence ross had violated conflict of interest laws. global news 24 hours a day, on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm taylor riggs. this is bloomberg. francine, tom? tom: thanks so much. some interesting twists today. it is not a big market day, but nevertheless things to note. s&p futures launch ever higher. curve flattening substantial, under 25 basis points. everything else in sort of a malaise. next screen, if you would come with the vix quite good. sterling up there just because of "the sun" and if mr. harroent was to go to d's and get something. are starting to focus on pretty solid outlooks for seven quarter results -- for second-quarter results. donald trump warned the u.k. prime minister that her brexit proposal, already facing uphill battle for european union approval, could also kill any u.s. trade deal. tom: i'm glad you put oil in there as well. breaking down.o francine: our top story, th

wilbur ross is walking down the hall right now. we will bring him on the set in just a moment, just as soon as he walks in the door here. stocks jumped late this afternoon when reports of the trade deal came out ahead of the president's announcement. the dow was up 172. the s&p 500 finished i had 26. the nasdaq jumped 91, closing at a record high. the president's top liberal matt says russia will pay a price if it metals in the but secretary of state mike pompeo had some fiery exchanges with senators, pressing for specific details on exactly what was said between president trump and vladimir putin during their one-on-one meeting at the helsinki summit. mike emanuel is on capitol hill with some tense moments today at that hearing. >> my personally made clear to the russians that there will be severe consequences for interference and our democratic process. >> pompeo told senators of the foreign relations committee he's been concerned with moscow, saying sanctions won't be eased. >> there will be no relief of sanctions until russia c

we also see wilbur ross, secretary of commerce. and we are, as trish said, moments away from president trump launching a new jobs campaign, jobs plan. he and daughter ivanka promise it will be dedicated to training americans for the modern work force, as they put it. so this event inside the east room at the white house is being billed as a pledge to america's workers. we expect to see the president sign an executive order creating what they're calling a national council for the american worker, and the council, as we understand it -- there's jared, ivanka's husband -- the council will consist of an interagency group of administrative officials focusing on solutions to the nation's work force issues such as access to education and training for the jobs of tomorrow but also the jobs that are kind of being held open because the skills haven't matched the jobs at the moment. so the program is going to be paired with businesses from federal express to general motors, home depot, ibm, lockheed martinnen, walmart. we're told there are 15

simple as that and more importantly he has key advisors people like peter navarro steven miller wilbur ross who support that vision now in the long run america will lose jobs america will lose investment america will lose international standing that further erodes its economic power but the gamble that the trouble ministration is is that somehow they can get a short term political benefit if not necessarily economic one that shows that they are tough and the rest of the world has to bow down to american wishes you see he has all these people around him who share his his view of a right is america being ripped off by the rest of the world well i'm sure that your other guest will be able to explain this in detail but frankly no there are other there are always points of trade disputes between countries so for example we might talk that the united states has an issue with china supposedly seizing intellectual property or that china has manipulated the currency market but in general the united states has benefited from trade with china it's been afraid it for trade with asia has done so over th

secretary wilbur ross said it is too early to tell whether the investigation will lead to tariffs onmported cars. but let -- but the administration will find little if any support for the idea. jenny, thank you for being here. what is the latest? notould appear they are finding support at all. jenny: quite the opposite. we are seeing not just big ceos, but everyday americans saying this will impact us. we are upping the ante on the aluminum tariffs. there's no support whatsoever in congress. republicans and democrats crying out saying we need to fund legislative solutions to rein in the president on his tariffs authority. this is playing out as a commerce department is getting pushback from industry. shery: how likely is it we will get a solution when the president meets with the european commission chief next week? jenny: we have to have modest expectations. there are divisions within the eu member states. germany is pushing for it more than other countries. the eu commission does not have a mandate to negotiate with the u.s. right now. u.s. -- the eu is not willing to negotiate wit

let's go to washington now, where us commerce secretary wilbur ross has told a congressional hearingo say if they will impose tariffs of up to 25% on imported cars and parts. the threat by the trump administration has been widely criticised by the auto industry, workers and lawmakers, who say it's americans who will suffer — as paul blake reports. if donald trump places import ta riffs if donald trump places import tariffs on european cars, buying a new car in the us will get a lot more expensive. that is the warning from the alliance of automobile manufacturers, who warned that the ta riffs manufacturers, who warned that the tariffs donald trump has been threatening for weeks now called raise the price of imported cars by $6,000 and domestic cars by $2000. now these statistics were released ahead of the us government hearing on thursday that saw strong opposition to the tariffs. their part, german car makers have a lot of skin in the game, with heavy investments in us manufacturing facilities, particularly southern state that tend to vote for donald trump's republican party in elect

commerce secretary wilbur ross has responded to a letter from the office of government ethics sent last week which said mr ross had failed to comply with required divestments of stock the secretary is now acknowledge what he called inadvertent errors in the divestment process and will now act to comply with the law a mere eighteen months after he made the pledge and that's it for this time you can catch boom bust on direct t.v. channel three twenty one dish network channel two eighty or streaming twenty four seven on pluto t.v. that's the free t.v. app channel one thirty two or as always you can get us at youtube dot com slash boom bust r t we'll catch you next time. seventy four design. thousand pilings. to judge judges. and eight hundred sixty nonstop days of. a russian w.b. a champion. and a russian mob stuff. show you how and why the crimea bridge was built. witnessed the construction moving you need to transport. that will help the heart of crimea the. most of those you know what google for more snow you have it a bit but it's clear.

secretary ofn2, state mike pompeo and commerce secretary wilbur ross speak at a business forum hosted by the u.s. chamber of congress -- commerce. at 3:00 p.m. eastern, the senate returns. grant is a justice on the georgia supreme court. monday night on the --municators, and interview >> do you see any dislocation of tech companies post-brexit? >> one of the things tech companies complain to me about is access. they say, look at silicon valley. europeeas of tech, even or globally, they want access. one of the things i say is hopefully after brexit we will have up policy where we can reach out to the best people in the world. announcer: watch the communicators monday night at 8:00 p.m. eastern on c-span two. >> there are a lot of people who feel like, i don't want my kid to read stories that are sad, disturbing, and downbeat. that is not a totally illegitimate thing to say, i want to choose when my kid sees things that might bring them grief, but there is a point beyond which -- they are 14-years-old now. when are you going to introduce them to the idea that things are not as perfect a

>>paul: that was commerce secretary wilbur ross saying he will continue his section 332 investigationo the national security threat posed by autos and auto parts. but that would be put on hold as talks between the u.s. and the eu continue. this is good news for tennessee senator lamar alexander who introduced a bipartisan bill to delay the proposed 25 percent penalty. he joins us now. welcome. >> thank you paul. >>paul: you cheered this truce between the united states and the eu, why? >> zero tariffs is exactly the right policy. that's what we did with the north american free trade agreement. we implemented nearly 0 tariffs over 15 years. now that we've got a policy of where were going, zero tariffs, time to get rid of the steel and aluminum tariffs which are driving the cost of cars and hurting the 136,000 tennesseans that work in the automotive industry. >>paul: you heard wilbur ross say this week that he's still going to go ahead with these investigations. which basically are designed to show, to answer the question, do cars that are imported pose a national security threat? do you

trained well >> the co-chair along with wilbur ross was ivanka when i spoke to her, she mentioned the pledge or the goal was for 500,000. she said it was much greater than that, but she didn't tell me 3.7 million? >> yeah. >> that's individuals that will benefit from skills training >> training. if you look at the companies, those are the great companies -- >> this is all private sector funded this is an example of public/private partnership >> walmart, so many great companies. they'll be here at 3:00 today. they'll be having a big conference everybody is here. and we're talking about almost 4 million jobs >> currently things are -- the economy is pretty hot. running pretty hot hopefully not too hot. >> no but i think maybe it's as good as it's ever been ever. companies -- what i'm really happy about is cash is coming back in through the billions and trillions of dollars that was overseas where companies were locked and couldn't get it back. now it's coming back, hundreds of millions of dollars at a clip also companies are coming back to our country we have record numbers of companies

piece of legislation that would give the president enormous leeway in terms of the wto and trade wilbur ross. the commerce secretary was on cnbc, and he offered this explanation of where this administration stands right now in terms of the wto. >> the wto knows some reforms are needed, so i think there really is a need to update and synchronize its activities and we'll see where that leads nobody here at the white house is entirely stamping out a possibility that the president wants to withdraw from the wto or that he might push for that outcome. just saying that it's premature now to talk about it that would be a complex upheaval of world trade rules this white house, though, has shown that it's skeptical of any international organization -- international organizations more broadly than anything in their view threatens are u.s. sovereignty. >> aman javers at the white house. >> trade troubles once again the wait on stocks courtney reagan at the new york stock exchange courtney >> good afternoon, tyler stocks are lower, but certainly off session lows here. the dow down by more than about is0

secretary wilbur ross. an explosion outside the u.s. embassy in china. the very latest on the beijing blast. big oil, big profit. taking a closer look of big oil as they start reporting today. s. we knew helping our communities was important then. and we know it's even more important today. so we're stepping up to volunteer more and donate over a million dollars every day. so our communities can be even stronger. it's a new day at wells fargo. but it's a lot like our first day. [music playing] (ceo) haven't been playing golf this year, i am sorry about that. (vo) progress is in the pursuit. audi will cover your first month's lease payment on select models during summer of audi sales event. maria: welcome back. a bomb exploding near the u.s. embassy in beijing. serpa sunday with the details. dagen: here is what we know so far. police say the blast between a 26 road men holding the device. it was made out of fireworks. the suspect is from mongolia. the motive we don't know at this point. u.s. embassy was not damaged and thankfully no u.s. personnel or anyo

. >> and there's every evidence, every piece of evidence that wilbur ross is right.ight here. and that he wants to scare people, disrupt people, force people to pick up the phone and call him saying we'll take a better deal. >> that's right. he's -- he really views this as a key campaign promise, a key reason he's in the white house. so far he really thinks that this is working. i think one thing to watch, though, is -- and we're going to see more unless something changes, you know, more tariffs with china the end of this week. is if we start seeing complaints from peak constituents. if you start hearing from soybean farmers in iowa. if that stuff starts to change. >> so far the administration pushing back. this is what could shift the calculus. you the american people including trump voters. this is from toyota. toyota says if these tariffs fully go into effect and you go to buy your new camry, you're going to pay $1800 more. will that do it? >> we'll see if it does. but i think the job loss potentially in some red states in automaking areas could have a bigger effe

. >> wilbur ross toldus it was premature. >> united states fair and reciprocal tariff act better knowns the f.a.r.t. act. >> will you stop saying that >> i'm talking trade, david. >> we'll get to dell in a minute >>> first, phil l.a. bow he'll be ready in a minute. >> i'm ready >> reporter: i hear you. >> hello, david. if they come to me we'll go over the numbers from tesla announcing q 2 numbers tesla saying it delivered 53,059 vehicles in the second quarter that's more than wall street expected most on wall street were expecting the deliveries around 50 to 51,000 all though, they were all over the place in terms of their estimates. so this is viewed in a positive light. we talked about the deliveries of the model 3 hitting 5,000 per week for the final week of the second quarter hitting the target the company had set there. total model 3 production came in at 28,578. that is a smidge more than most people on wall street were expecting. but perhaps the most news worthy item in the announcement on quarterly deliveries from tesla is the company saying it expects to increase production of

wilbur ross is there, secretary steve mnuchin there as we wait for the president.tinue until we get to the president. >> me? >> yes, go ahead. >> just saying that, you know, the investment numbers look really good. i think trump has really caused a kind of confidence boom among businesses and consumers, and that's where the numbers have really turned out very strong in the last quarter. >> can i just ask you, this quarter, and i'm not trying to be a debby downer. these numbers are good, but i do know from the big exports that china and the like were buying up products from the u.s. like soybeans especially ahead of the tariffs and they were doing it to save money. so couldn't this number be artificially inflated? >> maybe, but, look, there was a big deal that was made this week -- >> let's listen to the president. and there is is vice president pence next to him. >> good morning. moments ago the numbers for america's economic growth for gdp were just released. and i am thrilled to announce that in the second quarter of this year the united states' economy grew at t

. >> wilbur ross suggested that most requests would be denied. . so far only 220 have been approved, and they expire in a year. jackie has pushed to extreme line that process. higher prices had a silver >> a few weeks ago, we were in a meeting, secretary ross was the and he announced that there was good news, and t good news was, the treasury has received almost $1 billion in tariffs, the problem was. that's american money, that's from small business in my district. >> in the meantime, tariffs on imports and higher prices for domestic steel if .ey can get >> without the imported steel coming in, that's p amary driver as to what's inflating the prices like they are. >> more u.s. steel should be available by the end of the year. time is money. >> for nightly business report. >> t te a look at some of todaysupgrades and . downgrad ups's rating was upgraded to bye. revenue groh and potential st savings.5. price target $ shares finhed up 1 1/2%. the same analysts that upgraded fedex.wngraded the firm cited the company's global footprint. price target $2

i want to thank secretary wilbur ross for being here. secretary alex acosta.eynolds, i guess one of the reasons why i like terry, the longest-serving governor in the history of the united states. 24 years, and he was sort of seminewly elected again. and i said, how about this? let's see, first i need to figure out who is the lieutenant governor. and i knew that it was kim, and i said, she will be a great governor. she has turned out to be more than a great governor. [applause] and rada told me that, i said how is she doing? and he said, she is phenomenal. and she really has been. you are number one in almost every category. in the top three in jobs, the top three in employment, you are number one state. those are very bad sound bites for whoever you are running against. i don't know who you are running against, but i can tell you that is not easy, when they read to you number one state for a lot of things, especially on an economic basis, the job that you are doing, kim, it has been fantastic. and i spoke to terry recently, we speak a lot and he thinks that yo

. >> he remains optimistic, back in memarch, ce secretary wilbur ross held up a can of campbell's soup a said the impact of the tariffs would be marginal. >> well, i just bought this can today at a 7-eleven down here, and the pce was $1.99.o in the world is going to be too bothered about 6/10 of a cent. >> campbells acknowledged the impact of the u.s. steel tariffs saying tin plate is campbells sing largest procurement expense. the can manufacturer's institute says the tariffs will add an extra penny per can or a total of 1$1.1 billion in extra costs for the u.s. can industry. that includes major food and beanrage comps. just last week the ceo of coca-cola said the price of the company's sodas will go up as a sult of the tariffs. and anheuser-busch says in a statement, a tariff on aluminum is a fax that thrtens jobs in the beer industry. and has the potential to raise the cost of brewing in the u.s. if the tariffs stick around long enough. they'll have to pass them along to their clients which could ultimately hit consumers. >> ultimately it will increase our costs to goods. we will ne

. >> wilbur ross the commerce secretary was on cnbc earlier in the da he sai there was no particular level in the stock market that the white house was looking at understood to change its tariff related behavior. >> there's no bright line level of the stock market that's going to changepolicy. the president is trying to fix long term problems in a should have been dealtith long time ago, weren't. and they're obviously is going to be se pulli and tugging as we try to deal with very serious problems. >> the president has said again and again that heo does want get out of the world trade organization, not clear how he would put that into practice, though. and also, they feel strongly here at the white house that with the economy a i strong as is, even though the stock market hasn't been as strong, now is the t te to makese moves that they're making in terms of tariffs and global trad they feel with a strong economy, the united states has the tondation that it needs now make these moves which they say will pay off in the future. >> for nightly business report, amman javers >> the largest

what's interesting is that gary cone and sve mnuchin and wilbur ross the commerce secretary hasd warim that if he he goes down this path the economy will suffer. that has r -- caused trump to consider and throw it open to a negotiate. -- negotiation. as the job marketti has ced to hum along and the stock market has shrugged off a lot of theserade related shocks. i think he's feeling that he has a lot more room for maneuver than perhaps these more traditional advisors told him. and that makes him even more incline to start with the peter o, steve bannon school which is really where he firmly is now. bo robert: what the math? the president cares about his base and the middlheof country, farmers? you look at the people who get hit trade it's a lot of these agriculture producers. >> we mentioned s beans and pork. that will get hit as the trade wa escalates. robert: do they care? it seems like they're sticking with him or no? >> i've beealking to a lot of people from the agricture states as they try to push president trump away from the trade war. but a lot of what lawmakers are saying whic

. >> ladies and gentlemen, secretary wilbur ross, thank you for your service and thank you for your time.

aul: secretary wilbur ross say negotiations with mexico going well.ted no time appointing a new trade team before taking office in december. president trump indicated he made a bilateral deal and separate negotiations with canada. second quarter income fell short of forecast. $9.8 billion. chinese riles ramp up competition. operating profit was $13.3 billion on revenue of $52 billion. an official report says malaysia airlines flight was probably deliberately steered off course and into the southern india ocean. it is difficult to link the course changes to a systems failure and it is likely due to human intervention. it vanished enroute from beijing to "morning call". - kuala lumpur. i'm paul allen. this is bloomberg. rishaad: the bank of japan wraps up its two-day feeting tuesday. a significant tweak to policy may be in the works. why would governor kuroda want to make any change now? >> well, it is going to be a tricky change to make, so if he is going to there are some very important reasons why. remember too, this speculation started around july 2

joining us for the announcement is secretary wilbur ross. secretary, good. secretary alex acosta. betsy devos. everybody knows education. acting secretary peter o'rourke. peter, great job you're doing. director mulvaney who has worked so hard with those budgets but they are coming along. right, mick. linda mcmahon, administrator, small business. thank you, linda. jared, fantastic job. chris, incredible. what a group this group. nobody knows kellyanne. nobody knows. all stand up. fantastic job. please stand up. [applause] president trump: really great. thank you. i want to thank you, also, we have some very special people here. house education and work force chairwoman -- now we say chairwoman, right? we like it better. virginia foxx. virginia. [applause] president trump: and we have -- thanks, virginia. great job. representatives rick allen, jamie herrera beutler. thank you. thank you. [applause] >> -- president trump: sean duffy. my friend. jim renacci and claudia tenney. we have some very special other folks here in a very high administrative capacity. we have a favorite of mine

certainly new fears of a trade war is looming as this announcement delivered by commerce secretary wilbur ross spells out that when the clock strikes strikes midnight the cost of business will go up. he. makes it. out to. be. tonight and over and brussels this news was met with a lot of anger and pushback from e.u. allies here's the european union commission president john claude yorker this is a but the. choice you opinion can look. we have to that we've had you can't just be action so really you need to introduce a sort of a dispute. on the. love the country the knowledge in this coming conflict doesn't seem measures taken. to do exactly the. same and in a press release younger said that the e.u. was also being hurt by the flooded steel market as much as the u.s. but went on to say that transactions were quote protectionist they too were being hurt by china's production of steel and america's neighbor to the north justin trudeau said canada will impose tariffs against imports of steel aluminum and other products from the u.s. we are imposing dollar for dollar tariffs for every dollar levied

because they certainly don't do not see themselves as protectionist in fact commerce secretary wilbur ross described the imposition of these tariffs as quote fixing the protectionism around the world and they seem to believe that there are acting against protectionist on the part of india on the part of china do you think they genuinely believe in that and do they have a point but this is certainly not. the long standing. by the united states a thing that longstanding practice by the united states has been to challenge the countries in the w.t. all or us or the mainstream deals liberalization in walking off the national security clause in the rules. as not been done for a very long time i think you know and also in the various officials have made their statements. there's a clear sense that this is not purely a national security issue so i personally think that this is contrary to the longstanding u.s. pressure and therefore this is a new game. but professor i think you were agree with me that president trump is unorthodox in many ways and one of these ways is that he actually seems to be

on c-span2, secretary of state mike pompeo and commerce secretary wilbur ross speak at a distance -- at a business forum. then at 3:00 p.m. eastern, the grant tonsiders britt be a judge on the circuit court of appeals. ms. grant is a justice on the georgia supreme court and a former law clerk of supreme court nominee brett kavanaugh. >> monday night on the communicators. partyish conservative member. >> what is the concern with tech companies? do you see dislocation? >> there are some -- are a number of concerns. one of the things tech companies complained to me about brexit is access to the best global talent. they say look at silicon valley, they have the best talent in the world, and in london is a leader in many areas of tech globally and they want access to the best talent in the world. hopefully, brexit will have a policy where we can reach out to the best people in the world. >> watch monday night at 8:00 eastern on c-span two. >> next, from "washington journal," a look at key races ahead of the 2018 midterm elections. german followed by chancellor angela merkel taking questio

but what bothers me is when wilbur ross says that. donald trump is his own man and donald trump is probably the most success-oriented president i've ever seen in my life. if you look at what he has done with the tax bill, deregulation, gorsuch nomination, all of these others, he wants to be the single most successful president of the u.s. and he is also a very successful businessman who knows how to evaluate information and evidence and he doesn't ignore evidence, far from it, what he wants to do is be successful and whatever these things are. if the markets start going down south. and it looks like it will affect the elections i would be very surprised if donald trump didn't alter his behavior. he is not a stick in the mud and i am much less worried about him. he personally told me he is a free trader. he ran an international business. very successfully. which knows how to out source to all sorts of countries to get the best value. as i jokingly said he is also imported two foreign wives so we know -- i'm sorry, sandra, i had to do a

wilbur ross holds up a can of campbell's soup and says it only adds .6 of a cent to cans. the manufacturer says the tariffs will add an extra penny per can or a total of $1.1 billion in extra costs for the u.s. can industry. just last week the ceo of coca-cola said the price of the company sodas will go up as a result of the tariffs, and anheuser-busch told nuss a statement a tear of on aluminum is a tax that threatens jobs in the beer industry and has the potential to raising the cost of brewing in the u.s the ceo believes that ultimately he will have to pass those costs on to his retail clients, which will eventually hit consumers. back to you, guys. >> thank you very much adidi roy in california. >>> check out this mystery chart. the stock is up 16% in a year, and it's in a unique position to give us a read about the broader economy. we'll have the ceo of this mystery. >> we're going to go tout california for a live report on the deadly car wildfire. power lunch will be right back you always pay your insurance on time. tap one little bumper and up go your rates. what go

because they certainly don't do not see themselves as protectionist in fact commerce secretary wilbur ross described the imposition of these tariffs as quote fixing the protectionism around the world and they seem to believe that there are acting against protectionist on the part of india on the part of china do you think they genuinely believe in that and do they have a point but this is certainly not. the longstanding. by the united states a thing that longstanding practice by the united states has been to challenge the countries in the w.t. all or us or the mainstream deals liberalization in walking off the national security clause in the rules. as not been done for a very long time i think you know and clearly also in the various officials have made their statements. there's a clear sense that this is not purely a national security issue so i personally think that this is contrary to the longstanding u.s. pressure and therefore this is a new game. but professor i think you were agree with me that president trump is unorthodox in many ways and one of these ways is that he actually seems

commerce secretary wilbur ross respond earlier today to reports about tariffs of twenty five percent on imported vehicles and parts mr ross said it was too early to guess on whether the truck of ministration can or will use a one thousand nine hundred sixty two law to impose the tariff using justification based upon national security the united auto workers have no notably supported the president trump in his bluster on autos while car company executives testified against the tariffs on capitol hill earlier today in the e.u. the european commission has officially war and they are willing to retaliate with tariffs of their own on three hundred billion dollars worth of u.s. imports if mr trump carries out his threat you competition commissioner cecilia malmstrom addressed the brewing battle earlier today a car can be bought in seattle assembled into troy having been designed by a german built with a mexican chassis. and kenny guinn engine parts this is how trait is when we're trying to do so i'm do these links with her to companies are consumers and the communities built around these i