understanding what willy-nilly really means.our hours later with a discussion with the atlanta fed chairman. the u.s. secretary of state makes his first official visit to the region as g-20 foreign ministers meet in bonne. inflation, we ask what are the driving forces of higher prices around the world? oil, anyone? this is bloomberg. ♪ manus: welcome back. let's get breaking numbers from the world's biggest food maker here in ink of some of the brands in your basket every week. on organic sales, missing the estimate of 3.4%. 2017, organicg in growth will be between 2% and 4%. organicas a fundamental growth ambition to grow their business by more than that. will beanic growth 2%-4%. organic sales come in at 3.2%. nestlÉ comings at in a shade lighter at 89.5 billion. the market was looking for 90 billion. there is a full-year dividend of 2.3%. that's pretty much in line with what the market had expected. so sales or a miss at nestlÉ. that's just part of the laundry ceo.of issues for the new he has inflationary pressures in brazil

whole thing, donald trump stepped in and made it pring into this country, unchecked, unfetterred, willy-nillyn point. this guy i met this morning one of the regulars who hang outside. frank and pete's deli in hamilton. >> before i think it was weak, anybody could get in the country, and now i think they have to tighten the borders up and everything. >> i think anybody could get in. >> exactly. exactly. >> in reality, the refugee vetting process is so long and detailed, i can't get into it here because it's going to bog down the segment. register with the u.n., apply at united nations, you get referred to the united states for resettlement. that weeds out 99% of them. all right? get an interview with state department contractors. three separate background checks. check intelligence bases for criminal and terrorist ties. >> the only thing that this guy said he wanted to change in this process is he wanted steps taken out of it. he wanted the u.n. not involved. >> i'm all for moving the u.n. out of united states. i don't think the u.n. is doing anything what it was originally intended to do. >>

he did make a mistake in their red line but it's good he didn't send troops willy-nilly into syria also i'm hoping donald trump can learn to be taught something of history to be careful. i worried about the general surrounding donald trump. because, you know, he's a great man and i gland is a great man and you don't want to listen to the successof the donald trump doesn't read presidential history. if they didn't know the limits of the american intervention. john f. kennedy knew how to tell the generals and we work to go and bomb berlin. we didn't want a third world war in europe, so my hope is to trump administration has cautionary figures because we want to get isis but they are seen from twitter. they were the consequences and the frightening thing about this transition we are going through. [applause] i think people are impressed by the generals that are surrounding the new president and it appears from what i read in the meeting. what is your sense of them and how are they going to respond if trump is as illogical and ignorant as his critics believe him to be? >> several disagree i

you cannot explore these willy-nilly. want to see commercialization, pay off, and monetization of these projects. caroline: the car area of the business is standalone and it must feed itself and growth for itself. any idea when there will be commercialization of the balloon project? tom: it remains to be seen. we were not seeing an explosion in money from this. the ambition remains unchanged. they are about organizing the world information and ensuring people have access to wi-fi and ensuring that people have internet access in those remote areas of the world. that is something google believes in deeply. caroline: something facebook has been trying to solve as well. we will see who gets there first. tom giles, putting it into perspective. meantime, the revolving door swinging again. the division of alphabet that includes fiber. the former ceo of telecom service aerial communications taking the helm, but with the appointment, things will be slimming down. several hundred employees will be moving. and that does it for this

we create them willy-nilly because fear is not a good starting point to do rigorous strategic analysis of where you stand in the world. if this president succeeds in what he seems to be setting out to do, which is to tear down the structures of american intelligence, including the national security council, breaking news -- we are going to be acting blindly. you need intelligence if you are projecting your power beyond your borders to help you sew over the horizon 0, have foresight, nor knowledge, to tell the with whates going on and if with can't wasn't to listen and is -- says my mind is made up, don't confuse me with facts, people are going to die. >> thank you, tim. what lawrence -- i was saying to him i was on an airplane several years ago when his bang on al qaeda cake out, or -- and the history of radical islam, and i came back from the head and looked out, there were 16 seats in section of the plane, and three of them were reading his book. i was, too. so we constituted nearly 50% of the people on the plane were reading your book. who is our enemy? >> you remember the old come

. >> there is an idea that is false that we are letting anybody come in willy-nilly. under president trump we had negative immigration from mexico meaning more people were deport thunder than let in. david: he was the deporter-in-chief. >> when we talk about refugees from different countries, there is an idea that we need extreme vetting. we already have an extremely extensive vetting process. david: i understand, but the problem is over there you have serious problems. it's not necessarily at our border it's before they leave because they don't have any governments. >> we know nothing about so many of these people who want to come in. but you do need to find out. there is a history from these 7 countries of exporting terrorism. not just the united states. it was on to block muslims, these aren't the countries where most muslims live. iran is one of the top muslim countries. david: it's not a muslim ban, there are 48 other countries with a majority muslim population. reporter: we have seen protests across the country across the street to protest president trump on no

when the refugees flowed over to europe and there's no estrogens at all, they come over here willy-nilly and there's carnage on the streets. what the trump administration is a saying is let's get tougher so it's happening in europe doesn't happen here. next, limit you in any here. i don't know how you can prevent this guy from coming over. i think it was egyptian, came over through the uae at some point on a plane, i don't know if he had a radical background or not, these are the types of people that this extreme vetting is trying to check. maybe he had crazy social media facebook situation, who knows. this is a prime example of a bad guy that needs to be kept in the middle east and out of the west. >> jesse, visible fact is that every country has the right to determine who's come to their country and the circumstances under which they come. nobody who values the security and the safety of americans of our families, of our communitie communities, should object to president trump's executive order. thank god that finally we have a president that's more interested and protecting our famili

issues with stock options willy-nilly. not even gross profitable let alone operating profits. >> you have a tremendous amount of cost they are incurring to build out this infrastructure. overtime, they may want to build up their own infrastructure , which will take huge cap x. the thing i worry about, are we talking about this herd of customers that moved to snapchat and then move on? you were talking about how was it when facebook started adding features that the user growth started to turn? cory: we put it up briefly before. i want to get your take. the chart shows simple math. the cost of providing the service. i took the cost of goods sold and divided by how many users each quarter to see him as they have to spend on every user. in any business in the world, that number is supposed to go down. you add more users and have economies of scale. instead what we see is that the cost per user is going up. >> because the herd is thinning, it is getting harder and more expensive to get to each member and monetize them. explain

i don't think they were picked willie nilly. there was a purpose behind them.dology behind them but the intelligence community is full of men and women that are going to draw the conclusion. >> it sounds like he is saying they put the cart before the horse and they didn't wait to present some evidence that people from sudan or where ever are planning an attack. they decided it should be these 7 countries and then they went to the intel community and said what have you got for us. >> i would disagree with that. you have to look at what's also happening overseas. that killed hundreds of americans in iraq and afghanistan. you have to look at what's happening in these countries oversaes and the fact that we already have intelligence that say we have cells in america sitting today waiting for that call. dwro want to wait for the bang to react to it. we need to look at it now. >> this is a disneyworld conversation. if you want to say they looked at these countries and determined they were threats, if you want to tell me they went to the intel community and said what

it is a public trust that this stuff does not get out into the public willy-nilly because when you selectively disclose it, it could destroy someone because it was an extraordinary power to read someone's emails or listen to their phone calls like that. >> sean: i have two articles here, one is by kenneth zimmerman, back in 2007 called shadow warriors about the intelligence community. the damage they can do. there is a "time" magazine piece by sam frizzell. all of these leaks, ever since donald trump got in the picture. you are saying to the country tonight this is unprecedented. or not common. >> the last time i can room or anything like this was in 2009, it was about jean harmon, it was in cq, we almost never see this kind of thing because it is notch as u.s. citizens, it is u.s. officials. this happens in banana republics when the police will go after people they don't like, using these extraordinary powers. we trust the nsa and fbi to use these powers to catch criminals and terrorists but that should not interfere in our politics. that stuff is interfering right now in our politics because

you know that people just can't come into the united states willy nilly and as far as i'm concerned i he's doing propaganda for isis. i certainly don't think he means to do that, but because he speaks so erratically and makes statements like that that are just outright lies, you know, i think he just gives them fuel for the fire and that is the type of thing that makes people who especially folks who follow current events frightened because i know that he's making a statement that makes no sense at all. that shouldn't come from the president. >> to be honest, you are reflecting the sentiments of leaders in iran who say it's adding fuel to the fire for those who want to oppose and do harm to the united states. speaking of iran. i want to ask you about the administration putting that country on notice and vice president pence saying it would be wise to not test president trump's resolve and iran holding military drills just a day after the trump administration imposed new sanctions over a ballistic missile test. do you see the drills as a direct message to the u.s.? >> i don't know if t

they see a system turning on itself and, you know, churning away at self and they're willy-nilly going doing what they're doing? >> their strategy is not content on disarray in the administration. it won't take long if not corrected for our adversaries to take advantage of it. the last eight years, they saw weakness with obama. they will certainly take advantage of it. disagreement within the administration is something that unfortunately you can see play out in the newspapers. it's not helped by the partisan warfare that we've had from the minority party in congress that has had this incredibly slow pace of confirmations. it's not just the cabinet level, let's not forget you have literally hundreds of appointments to subcabinet offices, most of which have not been made yet and god knows how long they'll take to get through the senate. >> neil: finally, we focus on -- it's only a few weeks in this administration. you think the trump administration can right itself here? >> right. disarray at the beginning of a administration is common place. with a hostile press, mainstream media looki

we shouldn't launch these things willy-nilly. i think there are more facts to be found here, and if i heard right, i think the senate is going to do just that. i think they're moving in a smart, prudebility wnt way. >> the other phfactor in in ith what did the president know. and then russia doesn't act on what president obama did, tossing out russian, alleged russian intelligence officers, and then the president tweets praise of vladimir putin for not responding. >> that's exactly right. i think sean spicer's trying to distract us with this issue of trust between the vice president and flynn. the issue as we now know, the president knew, advised d.o.j. that they felt that flinn could could be compromised. someone made the decision not to tell the vice president of the united states. that is the key question. why did they decide not to, and that raises the question of what did trump know and when did he know it. and these are all legitimate questions. >> appreciate it. we're out of time, thank you very much. >>> coming up next, i

. >> neil: in the middle of this, we lose the sight that the president was signing orders willy-nilly here. there's one that infuriated many on the left simply because it backs law enforcement. after this. where's frank? it's league night! 'saved money on motorcycle insurance with geico! goin' up the country. bowl without me. frank.' i'm going to get nachos. snack bar's closed. gah! ah, ah ah. ♪ ♪ i'm goin' up the country, baby don't you wanna go? ♪ ♪ i'm goin' up the country, baby don't you wanna go? ♪ geico motorcycle, great rates for great rides. why do so many businesses rely on the u.s. postal service? because when they ship with us, their business becomes our business. ♪ that's why we make more e-commerce deliveries to homes than anyone else in the country. ♪ here, there, everywhere. united states postal service priority : you and this is they like lobster party.y, red lobster's lobsterfest is back with 9 irresistible lobster dishes. yeah, it's a lot. try tender lobster lover's dream and see how sweet a lobster dream can be. or pick two delicious lobster tails with new lobster m

kellyanne conway breaking rules and the chief of staff routing on an fbi investigation, running willy-nillyon thebreaking. the remedy is we think the court will order him to stop. we are not asking for the money to be paid back for a variety of technical legal reasons origin say no more emoluments, mister president, and he has to deal with how he admits. there's an easy answer, this is where we will end up. he has to appoint a trustee, tea party leaders, extreme clinton critics, he will come back to it, appoint trustees, turnover management as he has done but ownership to the trustee, sell and reinvest investments, conflict free. that is what everybody has done for 40 years with far fewer conflicts at risk that donald trump. >> it is important to remember david coles the american civil liberties union, and ongoing armed conflict subject is detentions of enemy combatants, surely they can order president trump to conform his business interest to the express demands. the rule of law, lack letter, the textual prohibitions with the rule of law. >> the analysis of the purpose and intent, whicheve

the principle in the white house can't just get in on fbi and justice department investigations willy-nilly anymore. they reinstated that old strict limitation that only those top four people, the president, the vice president, president's counsel and that counsel's deputy, those four people only can make a call to the justice department about an ongoing investigation. they made carveouts for national security and stuff but in general they reinstated that rule because of the scandal that they had only just barely survived and that some prominent members of the george w. bush administration did not survive. but i think it's fair to say they also reinstated that rule because it was plainly the right thing to do. it's such a serious thing. it's such a fundamental thing in terms of who we are as a country that we've got a justice department that is independent. we've got federal law enforcement that is independent, that has loyalties only to the rule of law and that operates independent of partisan meddling. they screwed that up in the george w. bush administration but in 2007 the rules were ba

the idea that were willy-nilly the law suit specifically makes a ton of assumptions that call for speculation on what may or may not happen in the future and then it's just subjective at best. thank you guys. i look forward to seeing you tomorrow. >> we heard him once again make the case for why a temporary ban on people coming from seven hotbeds of terror is necessary. jeremy right now. former campaign director ed rollins with an assessment of how he is doing in all of this because he is obviously under a lot of criticism. he seems to have less contentious press conference today. >> i think he is getting much stronger. it's probably nearly an impossible job. every day you have to go out there two or three hours in the course of the day you are the face. they want to know the answers. and sometimes the answers are not available. sometimes you don't want them to be available. much of a good relationship. you have to understand press has a job to do. what you want to do a goes for either side. they should be skeptical. they have seen a lot. your job basically make sure you're part of the story

as we see these executive orders come out willy-nilly, they create all kinds of chaos and havoc and people get in situations they have absolutely no control over or knowledge of. so these are times that are not very comfortable. they're very unsettling for a lot of people. and certainly, if you're not born in this country, i have an american passport but it says i was born in iraq. i am worried about traveling abroad now, not knowing what might happen when i come back, even though i'm an american citizen. my wife, who is an iranian-american, she moved here over 35 years ago, is an american, has lived here all this time, still feels uncomfortable having to go back to iran to visit her family during the iranian new year which is coming up in march. >> the white house really said confusion over green cards was not a big deal. you seem to be suggesting that for a lot of people, that level of question about whether they can even get in and out of the country when as you say, they're legal, is really severe. >> well, as we have seen, tens of thousands of people were stranded in airports. these a

. >> allowing someone to willy-nilly go wit approval for whatever to go suing for whatever reason the federal government, it's a pretty major step. obviously it was politically motivated, partisan and a huge mistake. alison: hogan noted that this is the first time the attorney general's powers have been changed since 1864. he predicted a backlash against democrats. larry: well, now to a developing story in indiana where the f.b.i. is now joining the chase for a killer. two teenage girls found dead on tuesday after they went missing while hiking. the bodies were discovered in the woods almost a mile from a bridge seen on one of the girl's snapchat videos. they say it's no accident and they are searching for this man who was on the trail at the same time as the girls. >> extremely important because if you have a bad guy that happens to have a cell phone or some device that is emitting a signal. he may be able to put him or her in the proximity of the two girls. larry: officers say this type of cr this part of indiana. alison: now to an update on the deadly avalanche in italy last month.

their intent, it's something that should be smart and welcomed by everybody, the idea that we're willy-nilly allowing regulations to occur, but it makes a ton of assumptions of calls for specification of what may or may not happen in the future is perspective at the best and doesn't have any basis in fact. thanks very much. i'll see you tomorrow. >> the white house press secretary wrapping up a rather leng lengthy briefing, with what the president had to say about the three-judge court of appeals decision we're anticipating later today on whether the president's travel ban will be reinstated or will continue as is. there's a lot of discussion as well on the president's strong words raising the spectre that the terror threat to the united states is greater than he anticipated. also, some significant words with the president tweeted this morning about his daughter ivanka trump and nordstrom, the department store. we're going to get into all that. i'm wolf blitzen r, we want to welcome our viewers here in the united states and around the world. >> gloria, first of all what the president said th

what do you think the impact will be on our economy if we do this in a willy-nilly way? chair yellen: so looking back, i think we know the consumer andes in lending securitization mortgage lending were an important contributor and the financial crisis. financiala source of and stability in the future if we are not attentive to those areas and potential abuses. rep. clay: do you believe that the consumer financial protection bureau has done a pretty good job of protecting our consumer and getting the ?oney back it has been like the backstop for a consumer. let me hear your opinion on cfp b. chair yellen: it is really for you to evaluate your judgment on their performance, but they had a broad agenda and taking on attempts to regulate many important areas. rep. clay: thank you for that response. downw that unemployment is . however, i think more work still needs to be done to reverse decades long inequality that has left middle-class workers, low income families, and minority communities behind. generational and systemic to distortcontinue progress and opportunity for tens

our democracy hangs on these rules if we ignore them willie-nilly, it is a really big problem. >> they haven't actually represent p reprimanded the male senators who have read the same thing. die know that warren had been warned for a year she was going beyond the rules. she did it on purpose. i think if senators on either side go over the rules, they should be sat down. i remember when ted cruz called mitch mcconnell a liar. i thought he should have sat his butt down and not spoke for the rest of the session. i was so angry about that. >> i wanto play a clip that goes to something johnust said. this is a voter we have in o and asked about what elizabeth warren did last night. she went on to read thel letter. here is what part of the voter said. >> she does it in a calculating manner. it doesn't matter whether they are a democrat or republican. they calculated they was on tv before they did this. they initiated a response to talk about. >> that's a voter seeing this all as political theater and nothing more, howard. >> i think the mistake was -- i agree again with john. we need more co

the boss can demand no leaks, the boss can fire people willy-nilly and no outside consequence doing so because nobody cares and virtually nobody's watching. being a leader is a different story and you're seeing some challenges. when you're on the campaign, you're your boss, keep firing your campaign managers until you find someone you like, there's no consequence. now you're seeing consequence, this is stuff people depend on, their lives depend on. i think maybe we're giving this white house a little too much credit if some things are working. you said some things are working in the white house. the food service is working. the air-conditioning and heating are working. >> i'm glad we agree on that. mike, one more question. if you compare this to the term of our -- in ali's line of work, and that is, the president is the ceo, white house chief of staff especially under a powerful figure is the chief operating officer, really. keeps everything going. was not a good day for the chief operating officer with kellyanne conway and sean spicer delivering competing messages within 60 minutes of

since 1952, presidents don't willy-nilly ginn out executive orders without proper vetting.mp administration blind siding people out of gate, pushing this forward, it created protests all across america and now it's just been deemed invalid. now it's going to be challenged. trump already has only been president days and has us in a constitutional crisis because he didn't learn the lesson truman learned in '52. he didn't study his history properly. >> don, there's no constitutional crisis here. there's a good constitutional debate. we're seeing the constitution in action if anything. you see the judicial branch, the first amendment, the right to free speech, the right to assemble. this is what the constitution does. the constitution is being tested. you also have the two courts -- >> also supposed to be nine supreme court justices and we have eight. >> we're supposed to have cabinet members and secretary of state and designate nations of concern. >> just want to say -- we're waiting on a whole bunch of people. we want to fill out the government rapidly. now there's somebody t

the boss can demand no leaks, the boss can fire people willy-nilly and no outside consequence doing so because nobody cares and virntually nobody's watching. being a leader is a different story and you're seeing some challenges. when you're on the campaign, you're your boss, keep firing your campaign managers until you find someone you like, there's no consequence. now you're seeing consequence, this is stuff people depend on, their lives depend on. i think maybe we're giving this white house a little too much credit if some things are working. you said some things are working in the white house. the food service is working. the air-conditioning and heating are working. >> i'm glad we agree on that. mike, one more question. if you compare this to the term of our -- in ali's line of work, and that is t, the president is the ceo, white house chief of staff especially under a powerful fig wrur ure is the ch operating officer, really. keeps everything going. was not a good day for the chief operating officer with kellyanne conway and sean spicer delivering competing messages within 60 minu

i don't think you can willy-nilly bring about impeachment.ut we have to have these investigations. all right. all of these investigations are going to go on in the house and the senate really should be independent. but let's get them started because i think we'll find out more. >> representative waters, i know you believe he's leading himself to impeachment. >> yes. >> how so? and do you still think that? >> i still think that and i think that because there's a lot to be uncovered. i don't think flynn was talking about sanctions without his knowledge. and why didn't trump tell pence who didn't know and trump had known some two weeks before it was revealed by "the new york times." i think there's so many questions about him and the way that he's handling himself. and his attack on the media trying to divert attention away from what we're going to discover if we get these investigations done. that's going to lead us right into impeachment. >> but the prospect of impeachment, ma'am, that's a tall order given the way that congress is set up right

the idea that we're willy nilly just allowing regulations to occur. it is widely inaccurate. makes a ton of assumptions that call for speculation on what may or may not happen in the future. that's highly -- it's just subjective at best and doesn't have any basis in fact. thank you, guy. look forward to seeing you tomorrow. i know. see you tomorrow. >> sandra: another day. another heated press briefing from press secretary sean spicer there. it is only wednesday. lot of questions there. lot to wrap your head around. but the legal battle surrounding president trump's immigration policy and the on going confirmation battles continue to dominate the white house daily briefing. sean spicer also addressing president trump in his tweet on his daughter ivanka and her business saying at one point there are efforts to undermind her based on her father's policies. busy day. a busy week. hello everyone. this is america's news hq. he was also asked about the other big story happening in our nation's capitol. jeff session expected to get a confirmation vote tonight after democrats pulled

you can charge more for blockbusters that solve unmet needs than you can just willy-nilly raise prices old drugs, that's your model. that's your social contract. >> and that's the business model i think our investors want us in. why sit there and pull a lever raising prices and not worrying solving medical need. we put pressure on ourselves to do that. >> you did get a lot of money for selling at the top, your generics. that money, some of it went to buying the stock, as you did by the way, at much lower prices and some of it went to buying all these little companies. i got to tell you, i was thinking today when i was watching gilead after that call, i bet you they wished they had done that model. >> look, we bought back stock very strategically, about $15 billion worth if you include the $10 billion asr. but we don't want to be a chronic stock buyback company. we want to be an investor in growth. i think we found the right balance. hopefully the stock with continue to improve and we can focus on investing for growth. >> i remember when you bought. it was public. i heard people say, br

they are issuing shares we looklly as to say here in the west coast, willy-nilly, that's what we say.ut that. they are writing checks with shares, even as the isre prices collapsing. the buyers and ibo are getting hurt. the insiders are getting more and more shares. joe: did they get asked about phenomenon on the call about whether they see that as a plus or minus? there was a brief mention of it. i think the call was very, very positive. things are great. are turning around. you know, i think jack dorsey is personally a nice and thoughtful guy. you know, i said on bloomberg radio a minute ago, it is like having the ceo of another company. both companies are theiral points in life. it is like you are in the operating room and you have a surgeon with body andin one another hand in the other body, saying don't worry. i got this. at some point, you might a full-time ceo. this company is in trouble. scarlet: clearly he doesn't have it right now. back to joe's point, maybe the company is just not a math market service. do you see any evidence that the company itself is acknowledging that i

they are running willy-nilly on the rule breaking. the remedy is, we think the court will order him to stop. now, we are not asking for the money to be paid back for a variety of technical legal reasons. the court should say, no more emoluments, mr. president. then, he has to deal with how he limits. there is an easy answer and this is where we will end up. he will have to appoint a trustee. again, bipartisan experts including tea party leaders and extreme clinton critics and others have said you have to do this. he will have to appoint a trustee. he is not just going to turn over management as he has done, but ownership to the trustee to liquidate. reinvest and investments that are conflict free. that's what everyone has done or 40 years with far fewer conflicts than donald trump. ms. kennedy: i do think that it's important to remember americane, head of the civil liberties union, has written if courts could order president bush in an ongoing armed conflict to subject his attention of enemy combatants to legal review, surely they can

the idea we are willie-nilly allowing regulations to occur. the law site suit is wildly inaccurate. it makes a ton of assumption that is call for speculation on what may or may not happen in the future. it's subjective at best. >> thank you, guys. look forward to seeing you tomorrow. >> sean spicer wrapping up another daily white house briefing. we are about 2 1/2 weeks into this administration. you can see the press secretary is starting to settle into his new job. i am katy tur rec. we have a lot to break down for you. the big headlines out of that press briefing. a few things. sean spicer reacting to donald trump tweeting about his daughter ivon ka going after nordstroms for dropping her brand. a reporter asked him if he felt like this was an appropriate thing for the president to do specially since he is trying to separate himself from the business. he said, yes, this is a father protecting his daughter from a political attack. a lot on the travel ban, where it stands in the courts. this morning, donald trump called the appellate court a disgrace. sean spicer avoided answering t

we can't have willy nilly one part of the country deciding for another part of the country. >> but heens of minnesota. is it going to the supreme court? >> it is definitely going to the supreme court. you could have the three-judge panel deciding one way or the other. then you can go to the whole circuit. >> how long will it take? >> it could take a while, charlie. these things are not fast. >> then let's look at the supreme court. we have eight. >> yeah. >> we have three branches of government just to remind everybody. the executive, legislative, and judicial. what are the implications of the executive, meaning president trump saying that about a circuit court judge. >> >> so-called judge. >> the so-called judge comment are not on the common grounds of civility. we'd like to see the branches respect one another. but be that as it may, he certainly has freedom of speech, even the president of the united states, even if they liked his comment or not. what is judge himself wrote in this very short order, it's really very small, he wrote about the power of the third branch of government,

we can't have willy nilly, one part of the country deciding for part o another part of the country. >ng the citizens of washington. >> and minnesota. >> because it goes to the supreme court. >> it is definitely going to the fo minnesotcourt. whoever is going to lose here, goingver side, you could have vee three-judge panel deciding ne way or the other. then you may go to the whole circuit. >> how long will it take? ow long uld take a while, charlie. aese things are not fast. arey will try to fast track it. . en let's look at the supreme eourt. we have eight. we don't have nine. >> three branches of government, just to remind everybody. executive, legislative and judicial. what is it -- what are the implications of the executive, meaning president trump saying that about a circuit court bodge? >> so-called judge. >> the so-called judge comment and the other comments probably the e world of the law are not part of the grounds of civility. onwould like to see the grounes respect one another. but be that as it may, he ertainly has freedom of speech, even as the president of the has fd sta

they won't just start jacking up rates willy nilly in the middle of a depression.nerally before this time peeshd don't fight the fed. when rates go up it's bad for the stock market. >> you still have to bring in what we haven't talked about, which is the fiscal side of it, trump's ambitious plans, financing them. if rates go up too quickly, what happens there? >> in '94 the fed raised rates 2.5%. 1995, the dow rose 33%. it's just one period but -- >> not just the data. there is an old saw on wall street. don't fight the fed. there's a knee-jerk reaction. oh, rates are -- we have people on all the time who cite that data. >> what's the problem? when the fed stop raising rates because they feel as if they've done enough damage and right now they're way, you know, there's a huge gap between here and having done too much. >> stan fisher says this, and is correct, policy is still accommodative. it's removal of accommodation. we're still running a policy, entering the eighth year of an economic expansion. >> and it's not a double tightening. >> not a double tightening bu

. >> you can't just invest willy nilly, right? it has to align with your business need. >> i guess the bottom line, stacy, does this make you more bullish on intel or less, or does it move the needle? >> it doesn't change my opinion at all. they'll do what they have to do. >> got it. stacy, thank you very much. stacy rasgon. >>> news alert in the bond market. ten-year notes are up for auction. it's not getting a lot of attention, rick, but we're seeing a sizeable drop, nearly 3% drop in the ten-year, pretty big move for bonds, is it not? >> i don't know about percentages but we definitely saw a drop. matter of fact, if you look at where the market was, ten-year note was trading around 2.42 before the auction. that was the lowest intra-date trading level. you have to go all the way back to january 18th to have that in the day's trading range. you're spot on in that regard and we're supposed to have concessions, concessions for auctions. meaning that it's cheaper for you to buy it. but it's been the opposite. the price has been goin

of testimony to lawmakers, during which she rejected suggestions the central bank will respond willy-nilly to any change in tax and spending plans by president trump. she insisted the fed is coming very close to achieving its objectives. >> the federal reserve has put in place highly accommodative monetary policies meant to spare spending in the economy and restore low unemployment, or to achieve the goal of maximum employment and price stability that have been assigned to us by congress, as i indicated in my remarks. veryieve we are coming close to achieving those objectives. mark: let's bring in neil mackinnon, global macro strategist at vtb capital. is march live? neil i think the markets are right. as you say, just a couple days ago, markets were giving a 30% probability to hike on the 15th of march. that is understandable because the 15th of march also coincides with the expiry of the u.s. debt ceiling. it coincides with the start of the electoral cycle in the eurozone. they are all reasons janet yellen could point to to defer a rate hike until june. i think what has changed things is

but the idea we should just have an open door and let people in willy-nilly is ridiculous. >> you know it hasn't been a completely open door. there is a really interesting piece i pulled here and looking through it on what it takes and what it has taken in the past for refugees entering the united states. and there are multiple screenings, multiple interviews, multiple fingerprints. >> no, no -- >> if i may. when you stand there, as the communication director and the press secretary, when you talk about an open door, and that there hasn't been -- it hasn't been an open door. >> i said, you don't treat it like an open door. the point is, that at some point, you've got to look at the families who lose somebody in an attack or in a bombing and say, could we have done more to save them? could another event be prevented through additional screening? and if the answer is yes, and you didn't do something, then that's shame on us. >> one of the things i asked just a moment ago in terms of -- you're rolling out a lot of stuff, whether it's the immigration ban or building the wall, or possible t