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Mar 4, 2018
03/18
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>> mr. navarro: of course they are wrong. in terms of the republican party, let's remember this, donald trump ran against 16 republicans. none of those republicans supported donald trump's positions on trade. he beat everyone of them. and then donald trump went on to the democratic opponent who didn't support his positions on trade and he beat them too. what donald trump wants to do is fulfill his campaign promises to the american people and the the american workers. when we queued to my care about huge effects, let's do some of the numbers. first of all, realize the present is doing this because if he doesn't do this we were move that industry very quickly and our steel industry very quickly thereafter. if you look at the aluminum industry for example. we are down now to less than 10%. with lost six melter since 2013. we are down to five smelters, only two of them are fully operational. we are operating at a 43% capacity factor in only one of those smelters makes the high-purity aluminum we need. >> chris: let's unpack some
>> mr. navarro: of course they are wrong. in terms of the republican party, let's remember this, donald trump ran against 16 republicans. none of those republicans supported donald trump's positions on trade. he beat everyone of them. and then donald trump went on to the democratic opponent who didn't support his positions on trade and he beat them too. what donald trump wants to do is fulfill his campaign promises to the american people and the the american workers. when we queued to my...
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Mar 4, 2018
03/18
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>> mr. navarro: on amy. >> chris: but you do agree. >> mr. navarro effects of steeld aluminum tariffs here is to preserve our steel and aluminum industries for national security and economic security. >> chris: i want to pick up on exactly that point because the president is imposing these new tariffs under section 232 of the trade expansion act which says that all of this imported steel and all of this imported aluminum threatens our national security. i want to ask you about that. here are the countries that we import steel from. canada is number one with 16% of the market. south korea is number three. russia is number five in china is way down at number 11 with only 2% of our national steel imports. question, how can canadian imports be a threat to our national security when, for the last quarter-century under law canadian imports -- the canadian industrial base is considered part of our defense, the american defense industrial base? >> mr. navarro: first of all let's talk about the 2:30 two. its national security and economic sec this cou
>> mr. navarro: on amy. >> chris: but you do agree. >> mr. navarro effects of steeld aluminum tariffs here is to preserve our steel and aluminum industries for national security and economic security. >> chris: i want to pick up on exactly that point because the president is imposing these new tariffs under section 232 of the trade expansion act which says that all of this imported steel and all of this imported aluminum threatens our national security. i want to ask you...
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Mar 5, 2018
03/18
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mr. navarro, would you agree that trade wars are good? it was a tweet by the president. >> i will finish this point. all of the countries in europe that we trade with one very large trade surpluses with us. we run trade deficits with them. who gets hurt if it goes in the direction we you are suggesting? >>chris: i am not suggesting anything. i am asking you questions. i take exception to the idea the talk of trade wars is an invention of themedia when the president weeded out, trade wars are good and easy to win . we have limited time.>> you guys are fanning the flames here. >>chris: i didn't write the presidents tweet. >> what i'm trying to say in a measured way, from the rest of the world's perspective they are getting a really good deal from america running big trade surpluses with us. all we are asking for is fair and reciprocal trade. in this case, i hope our allies understand - - >>chris: to call you a trade hardliner is an understatement. in 2011 you wrote a book called, death by china that you then made into a documentary. here's
mr. navarro, would you agree that trade wars are good? it was a tweet by the president. >> i will finish this point. all of the countries in europe that we trade with one very large trade surpluses with us. we run trade deficits with them. who gets hurt if it goes in the direction we you are suggesting? >>chris: i am not suggesting anything. i am asking you questions. i take exception to the idea the talk of trade wars is an invention of themedia when the president weeded out, trade...
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Mar 4, 2018
03/18
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mr. navarro, would you agree that trade wars are good? it was a tweet by the president. >> i will finish this point. all of the countries in europe that we trade with one very large trade surpluses with us. we run trade deficits with them. who gets hurt if it goes in the direction we you are suggesting? >>chris: i am not suggesting anything. i am asking you questions. i take exception to the idea the talk of trade wars is an invention of themedia when the president weeded out, trade wars are good and easy to win . we have limited time.>> you guys are fanning the flames here. >>chris: i didn't write the presidents tweet. >> what i'm trying to say in a measured way, from the rest of the world's perspective they are getting a really good deal from america running big trade surpluses with us. all we are asking for is fair and reciprocal trade. in this case, i hope our allies understand - - >>chris: to call you a trade hardliner is an understatement. in 2011 you wrote a book called, death by china that you then made into a documentary. here's
mr. navarro, would you agree that trade wars are good? it was a tweet by the president. >> i will finish this point. all of the countries in europe that we trade with one very large trade surpluses with us. we run trade deficits with them. who gets hurt if it goes in the direction we you are suggesting? >>chris: i am not suggesting anything. i am asking you questions. i take exception to the idea the talk of trade wars is an invention of themedia when the president weeded out, trade...
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Mar 8, 2018
03/18
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nah -- mr. navarro went to one of the oldest companies and the president signed two executive orders one establishing the trade and one district -- directing a review of trade deals. he's been at this since day one. >> bill: just back up a second. big pressure from republicans on the hill. you mentioned the word screwing, is that a metaphor for how they've addressed this -- >> they're so grateful the president is keeping his propositions. we have to dignify all types of work and this president has said if you don't have steel you don't have a country. now, let's be careful what the 100 republicans from capitol hill have said to the president. they said tailor the tariffs to continue to sell american-made goods around the world and be able to hire more american workers. the president agreed to that. he came up with buy american, hire american. >> bill: you're going to southwest pennsylvania this afternoon. on saturday there's a special election on tuesday of next week. that is steel country. that
nah -- mr. navarro went to one of the oldest companies and the president signed two executive orders one establishing the trade and one district -- directing a review of trade deals. he's been at this since day one. >> bill: just back up a second. big pressure from republicans on the hill. you mentioned the word screwing, is that a metaphor for how they've addressed this -- >> they're so grateful the president is keeping his propositions. we have to dignify all types of work and...
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Mar 17, 2018
03/18
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as for mr. navarro himself, according to the l.a. times he resigned as a local traffic commissioner after a pepper spray incident. he was accused of pepper spraying a child while he had actually been aiming to shoot pepper spray at ralliers at a prosanctuary cities event and pled guilty last fall to a misdemeanor that had to do with an electronic tracking device. he attached to his wife's car. # after pleading guilty, he was sentenced to a day in jail and 18 months probation and ordered by the court to take an anger management course. listen to what happened when the local paper tried to ask him about that. quote, he initially said there are a lot of omar navarros. implying that perhaps someone else with the same name was convicted of the same charge on the same day involving the same wife. then he said the incident that led to the criminal charge occurred years ago. it actually happened last year. finally, he acknowledged the conviction but blamed the district attorney's office and media for fake news and then finally he admitted th
as for mr. navarro himself, according to the l.a. times he resigned as a local traffic commissioner after a pepper spray incident. he was accused of pepper spraying a child while he had actually been aiming to shoot pepper spray at ralliers at a prosanctuary cities event and pled guilty last fall to a misdemeanor that had to do with an electronic tracking device. he attached to his wife's car. # after pleading guilty, he was sentenced to a day in jail and 18 months probation and ordered by the...
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and they export and mr navarro is the author of a book called death by china yeah exactly it's so unfair. in other book called death by europe it's not possible so it's hard to say who is influencing trump and what will be the outcome but i think we completely with mr putin it is a good idea to stop just on the subject of navarro he made an outrageous statement that germany manipulates the euro. in order to gain so he is he's on the loony fringe and there's another guy advising trump now as of today larry kudlow who is taking over for gary cohen as his economic advisor and he's also of course a hardliner and he interesting enough he has switched his stance on trade and terrorists just over the last couple of days to face donald trump's views he is technically whole free trade guy and has always been very outspoken against tariffs and now he has just come around yesterday or the day before to apparently understand that president trump is of course right all along so much for advising the president so basically this is one of the biggest threats we have in this administration that there ar
and they export and mr navarro is the author of a book called death by china yeah exactly it's so unfair. in other book called death by europe it's not possible so it's hard to say who is influencing trump and what will be the outcome but i think we completely with mr putin it is a good idea to stop just on the subject of navarro he made an outrageous statement that germany manipulates the euro. in order to gain so he is he's on the loony fringe and there's another guy advising trump now as of...
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Mar 15, 2018
03/18
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>> well, again, i think that the issue that the president is dealing with, i have heard mr. navarro talk about it as well, is not so much how much we are in the hole relative to other countries. it's rather the distribution of that trade i would say the most positive interpretation of what the president's trying to do is to change the nature of trading relationships with other countries. he feels there are some countries that are good traders, some countries that are not so good traders he would like to address that balance. i don't think this particular policy is going to be effective in doing that, but that's kind of the direction in which he's going. the one thing i would say is that i do think there's been a bit of an overstatement of the consequences of the trade policies that we have enacted. unless they are the canary in the coal mine and more will be coming down the road, these are not fundamental changes in the way we are deal with the rest of the world. there has been precedent for that the guy i served back in the early 2000s implemented steel tariffs, early 2000s
>> well, again, i think that the issue that the president is dealing with, i have heard mr. navarro talk about it as well, is not so much how much we are in the hole relative to other countries. it's rather the distribution of that trade i would say the most positive interpretation of what the president's trying to do is to change the nature of trading relationships with other countries. he feels there are some countries that are good traders, some countries that are not so good traders...
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Mar 7, 2018
03/18
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navarro and secretary ross which i think is very unfortunate. i felt that the way these tariffs were rolled out was simply terrible. it was not done properly and apparently took a lot of people by surprise, and candidly, we all acknowledge here that tariff issue is one that as it relates to china, we need to deal with china on metals. but this proposal they put out there really went after our friends and allies in canada and germany and south korea and elsewhere. so i think we should be working together with our allies on trade. the way that was rolled out was simply terrible and i don't think in the long term interests of this country. it undermines our efforts on tax reform, on regulatory reform. i could go on about how this represents crony capitalism of the worst type. protecting the few at the expense of the many. >> today the president said the tariffs can be done in a very quote "very loving way." first of all, what is a tender tariff? do you agree that it can be done in a loving way or do you agree with the statement that maybe a trade w
navarro and secretary ross which i think is very unfortunate. i felt that the way these tariffs were rolled out was simply terrible. it was not done properly and apparently took a lot of people by surprise, and candidly, we all acknowledge here that tariff issue is one that as it relates to china, we need to deal with china on metals. but this proposal they put out there really went after our friends and allies in canada and germany and south korea and elsewhere. so i think we should be working...
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Mar 8, 2018
03/18
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that is what mr. navarro was saying when he was trying to explain to us how this was going to work. countries with the under a tariff or would be able to negotiate with the u.s. and end up with a quota. it is not clear if they will be able to negotiate out of this and have completely free trade. the white house is looking to crack down on steel imports. >> that is an evolution. we are going to a form of quota system. negotiations are on board with that concept. these of the other guys that are against this idea. europeans of their into threatened toave retaliate . >> that was the idea. the president would sign this proclamation and other countries would have an opportunity to offer the u.s. some concessions and be able to get out from under these tariffs. those european countries will do that. we're hearing retaliation. that's at the eu and other allies that might slap onto products being exported from the u.s.. it is not clear how those negotiations might go but the white house and president is trying to offer an offramp and instead of retaliating they should come to the table, and
that is what mr. navarro was saying when he was trying to explain to us how this was going to work. countries with the under a tariff or would be able to negotiate with the u.s. and end up with a quota. it is not clear if they will be able to negotiate out of this and have completely free trade. the white house is looking to crack down on steel imports. >> that is an evolution. we are going to a form of quota system. negotiations are on board with that concept. these of the other guys...
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Mar 15, 2018
03/18
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tom: your massive victory lap as opposed to say mr. navarro is people have been talking about the blowup of china for x number of years and steve roach has always said the hard landing story doesn't work. all of our reports is it is still an economic resilient growth machine. is that true? stephen: the strength of chinese fundamentals -- it has a strategy. we were talking earlier about the national economic council in the u.s.. that's supposed to be our strategy function and it has been politicized. china has a strategy function housed in this organization called the national development reform commission and they put a andof thought into strategy resigning five-year plans. we may not like the way they sound, but the architect of the was probably plans the senior chinese economic official now in charge of the economy. he was in washington a couple of weeks ago to deal with these contentious trade issues. strategic,rt, thoughtful, analytical thinker. with an enormous challenge in taking china which has been so export led into a more con
tom: your massive victory lap as opposed to say mr. navarro is people have been talking about the blowup of china for x number of years and steve roach has always said the hard landing story doesn't work. all of our reports is it is still an economic resilient growth machine. is that true? stephen: the strength of chinese fundamentals -- it has a strategy. we were talking earlier about the national economic council in the u.s.. that's supposed to be our strategy function and it has been...
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Mar 5, 2018
03/18
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how alone is mr. navarro this his policy proposal right now is in thing that is some would sayo the market is dead because of these trade talks. if the president double's down on this and whether or not there are car valves at the end of the day, we will have to wait and see. he will have to double down on this. this is not something that he backs away from. tom: thank you for that. with us in this morning, the ambassador of the united states. look at your wonderful book, a capitalism for the people, in it is a chapter on good and back taxes. is more,k my reaction if not all, tags are bad. tariff?justify trump's hardly so. a room were to justify on how to do it, i would talk reduction of aluminum and steel, especially the high-quality so on and so forth. tom: is still from the good people at the university of chicago, you studied more microeconomics. that's the way it goes. what is the game theory of retaliation who can deny that these different nations, including canada, are. i have not seen a compel
how alone is mr. navarro this his policy proposal right now is in thing that is some would sayo the market is dead because of these trade talks. if the president double's down on this and whether or not there are car valves at the end of the day, we will have to wait and see. he will have to double down on this. this is not something that he backs away from. tom: thank you for that. with us in this morning, the ambassador of the united states. look at your wonderful book, a capitalism for the...
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Mar 12, 2018
03/18
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cohn and that was part of the relief about mr. navarro not advancing at least but we are seeing a bit of overhang on the tariff issue today. we were just drifting straight down let me show you the stocks that benefitted the most from the tariff is not a big issue story in the middle of last week here. boeing was down more than $1.10. other big industry names like caterpillar were also weak i call this a bit of hangover from the tariff story because these stocks are moving. the other big problem we had today are banks. the ten-year yield has stopped moving up. we were also waiting on news potentially for regulations on some of these banks, on some of the regional banks and they've been weaker today. finally i want to note a cup of other things the kbe, the highest since 2000. so a lot of expectations for regional banks here. the big issue right now is we don't have a lot of news going on until the fed meeting we've got the job report earnings out of the way here so the bad news i think we're still very susceptible to these inflatio
cohn and that was part of the relief about mr. navarro not advancing at least but we are seeing a bit of overhang on the tariff issue today. we were just drifting straight down let me show you the stocks that benefitted the most from the tariff is not a big issue story in the middle of last week here. boeing was down more than $1.10. other big industry names like caterpillar were also weak i call this a bit of hangover from the tariff story because these stocks are moving. the other big problem...
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Mar 14, 2018
03/18
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where does larry fit, jared, with respect to the head of the council of economic advisers, mr. navarro, who is a trade councillor and lighthizer the ambassador jared, that is a question for you, but eamon can jump in and so can steve. >> he sits atop that process in everything -- everything in the economic policy process in the white house, whether it was taxes trade, budget or state of the union was run out of the nec. at that time larry somers was the chair and playing a powerful role but i've seen it operate that way elsewhere it doesn't mean you have the last word. but it means that you have a lot of influence on how the train runs, who is on the train and who gets to the input that you present to the president when it comes down to decision time. it tends to be a powerful organizational post with a lot of opportunity to influence the discussion i think on trade in particular, as eamon said, that where we'll see whether larry is willing to go toe to toe with trump because we know he's on a very different page and on the right page as far as i'm concerned. >> our syrian-- ou
where does larry fit, jared, with respect to the head of the council of economic advisers, mr. navarro, who is a trade councillor and lighthizer the ambassador jared, that is a question for you, but eamon can jump in and so can steve. >> he sits atop that process in everything -- everything in the economic policy process in the white house, whether it was taxes trade, budget or state of the union was run out of the nec. at that time larry somers was the chair and playing a powerful role...
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Mar 29, 2018
03/18
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we have spoken in recent days to mr. navarro, wilbur ross is coming up later today for us, and theoss-navarro trade policy the president is comfortable with, how is it playing in japan and other tpp partners? well, i think it is pretty clear in many of the public statements coming out of the japanese government that they are disappointed, frankly, with the decision by the u.s. demonstration to pull out of the tpp negotiations after months and months of painstaking negotiations along the way. with that decision, leaving japan in the lurch with the remaining partners, japan's hope thatthey still they can forge ahead with tpp without the united states and at some point the u.s. will come around and join. right now, without that it has been frustrating. you have the steel and aluminum of that, japan was not exempted and they are not thrilled about the discussions going on as well. i think the japan front has been disappointed so far and what they are hearing coming out of washington on the trade front, especially bilateral w
we have spoken in recent days to mr. navarro, wilbur ross is coming up later today for us, and theoss-navarro trade policy the president is comfortable with, how is it playing in japan and other tpp partners? well, i think it is pretty clear in many of the public statements coming out of the japanese government that they are disappointed, frankly, with the decision by the u.s. demonstration to pull out of the tpp negotiations after months and months of painstaking negotiations along the way....
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Mar 22, 2018
03/18
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upset about it so i am pleased that the president is backing off to a degree, look, i don't agree with mr. navarro i don't think that he is living in the real world and frankly, i think he is misleading the president, but the president buys off on some of this too he is i tired of being pushed around by the rest of the world, and i don't blame him but -- this is not the way to beat them best way to beat them out compete them. >> how do you do that. >> and what do you want to hear from robert lighthizer today testifying before your committee senate finance committee. >> bob lighthizer is a really fine ban n going to do whatever the administration wants him to do, i expect that he will try and back this type of thing we'll see what happens, i don't think -- i don't think he is going to have a really you know, really soft reception, if this is the type of trade prach they are going to take. maria: what will be the impact to the economy? let's say we do have they tariffs that are going to be completed beginning tomorrow by the way, do you expect that there will be an impact? what is the bigge
upset about it so i am pleased that the president is backing off to a degree, look, i don't agree with mr. navarro i don't think that he is living in the real world and frankly, i think he is misleading the president, but the president buys off on some of this too he is i tired of being pushed around by the rest of the world, and i don't blame him but -- this is not the way to beat them best way to beat them out compete them. >> how do you do that. >> and what do you want to hear...
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Mar 23, 2018
03/18
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. >> i don't agree with mr. navarro. i don't think he's living in the real world. the other countries are not going to put up with. i think it's ridiculous between you and me. i expect pushback from china. i don't think there's any question about that. the question is are we in a position economically to really fight them? >> everybody take a chill pill. [laughter] >> this is how you get the chinese to the table. when you impose a tariff which i agree with others on your panel, it is a tax, this is how you get them to the table, this is how you have serious talks about leveling the playing field. maria: i want to read you, governor, mick huckabee's tweet. i will be at maria bartiromo and will let loose to surrendering to pelosi. >> that's easy to say from the outside looking in but as i said before, i believe strongly that we have a mandate to provide for the security of this country and in order to be able to get the gains we did for pentagon and national security apparatus, there were concessions that had to be made. >> i love it. he's a great congressman, tell t
. >> i don't agree with mr. navarro. i don't think he's living in the real world. the other countries are not going to put up with. i think it's ridiculous between you and me. i expect pushback from china. i don't think there's any question about that. the question is are we in a position economically to really fight them? >> everybody take a chill pill. [laughter] >> this is how you get the chinese to the table. when you impose a tariff which i agree with others on your...
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Mar 23, 2018
03/18
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ashley: went up to 116, oh, they are getting comfort from mr. navarro, but still a little volatile. stuart: see bottom of your screen there, big number, the number of millionaire household in this country increased by more than 700,000 last year. this is mostly due to the surge in stock market and to some degree rising home values, by the way, there are now more than 11 million millionaire households in the united states. what was that number -- 25 million. ashley: jumped 10% last year, increased by 16,000 or 172,000 households in america currently with worth of 25 million. stuart: we like that number. all right, thank you very much, ash. okay, interest rates, key indicater thereof is 10-year treasury bond which yields 2.83%, i'm going to say that's rather depressed, why, a lot of money is going into it as source of safety. same story with gold, money is flowing it because it's considered form of safety. gold is up 13 -- $19 an ounce, 13.52. bitcoin not a flight to safety, it's down 8,600 bucks per coin. facebook, the house commerce committee has invited zuckerberg to testify, the s
ashley: went up to 116, oh, they are getting comfort from mr. navarro, but still a little volatile. stuart: see bottom of your screen there, big number, the number of millionaire household in this country increased by more than 700,000 last year. this is mostly due to the surge in stock market and to some degree rising home values, by the way, there are now more than 11 million millionaire households in the united states. what was that number -- 25 million. ashley: jumped 10% last year,...
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Mar 19, 2018
03/18
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that they would go ahead and go and impose tariffs and duties on and, frankly, it's not like -- if mr. navarro says, well, they can't afford in their economies to reciprocate in terms of tariffs and duties, the problem is, it's politics it's not just this sort of running a business the governments in our allies in europe and else are with are going to have to go and sense where their people are. >> but it is true that there are countries for decades that put tariffs on what should be granular automoti automotive american cars going into asian countries have tariffs and not reciprocated in the u.s. that is not right, is it >> no, listen, the plea for reciprocity that we continue to hear president trump talk about is a very attractive concept the problem is, you've got this -- this whole framework of the wto and most favored nations. >> and nafta and nafta. >> sure, and nafta but, again, these things have been set in place. and when he says, well, i want to have reciprocal trade agreements with countries bilaterally, essentially, and just to up end the entire multi-lateral government to
that they would go ahead and go and impose tariffs and duties on and, frankly, it's not like -- if mr. navarro says, well, they can't afford in their economies to reciprocate in terms of tariffs and duties, the problem is, it's politics it's not just this sort of running a business the governments in our allies in europe and else are with are going to have to go and sense where their people are. >> but it is true that there are countries for decades that put tariffs on what should be...
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peter navarro, wilbur ross. >> mr. cohn is in line with conservative thought. he is an establishment person. but when you see the establishment republican, you have the speaker the house come out today, paul ryan going against the president on these tariffs. i think there is a battle between the republicans. you have the freedom caucus siding with establishment republicans taking on the president for his position on tariffs. this not much legislatively they can do. but you will see a showdown which pits trump and anyone from a nationalistic perspective. and even the establishment. we'll have to see what happens. charles: i thought we saw what happened in november of 2016. it's president trump's party. the republican voters are behind him. maybe paul ryan can survive but even he doesn't want to go to a full-blown out battle. but president obama went back to what got him elected. i know we are surprised when someone actually does that. they make a promise on the campaign trail and they actually live up to it. tammy: trump isn't new to this. with his business expe
peter navarro, wilbur ross. >> mr. cohn is in line with conservative thought. he is an establishment person. but when you see the establishment republican, you have the speaker the house come out today, paul ryan going against the president on these tariffs. i think there is a battle between the republicans. you have the freedom caucus siding with establishment republicans taking on the president for his position on tariffs. this not much legislatively they can do. but you will see a...
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Mar 2, 2018
03/18
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navarro, just before the election. allowing america trading partners to -- the trump administration, tariffs will be .sed as a negotiating tool the fact that we are already engaged in a trade war. are we in a trade war right now? think like we could get into this. understand what he is talking this is a new x -- a new escalation of it. it could get pretty ugly. typically from china. tom: we were weaned on a multilateral time. then it became bilateral by both candidates. are we into a unilateral area or back torag ourselves constructive negotiations? >> i think we will drive ourselves back. a lot of economic uncertainty. tom cole and explain the probably. this is a delicate issue. the idea is the market always looks forward. does it look forward to the harmful effects or can it look forward to beyond trump? >> i do not think it could look forward to beyond trump. i think it will be looking in the next few days and few weeks as to whether or not this is are for -- referring to, the negotiating approach, or whether it wou
navarro, just before the election. allowing america trading partners to -- the trump administration, tariffs will be .sed as a negotiating tool the fact that we are already engaged in a trade war. are we in a trade war right now? think like we could get into this. understand what he is talking this is a new x -- a new escalation of it. it could get pretty ugly. typically from china. tom: we were weaned on a multilateral time. then it became bilateral by both candidates. are we into a unilateral...
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peter navarro saying in an interview mr. trump will sign the tariffs into law today. but a white house aide telling cnn that the policy is not even finalized. navarro announcing there will be exemptions for canada and mexico after facing heavy backlash from fellow republicans. >> there will be a clause that does not impose these tariffs immediately on canada and mexico. >> reporter: on sunday, navarro touting a different approach. >> at this point in time there are no country executions. as soon as you exempt one country you have to exempt another country. is so it's a slippery slope. >> reporter: and there is of course real policy implications behind this tariff announcement. the president we know has been putting pressure on his staff to roll out as soon as today. it could be today or tomorrow or early next week. he wants to do it before he goes to pennsylvania to campaign for a republican candidate who could use the help at this moment. we know president trump will be having a cabinet meeting this morning. >> abby, thank you very much for all of that reporting. we
peter navarro saying in an interview mr. trump will sign the tariffs into law today. but a white house aide telling cnn that the policy is not even finalized. navarro announcing there will be exemptions for canada and mexico after facing heavy backlash from fellow republicans. >> there will be a clause that does not impose these tariffs immediately on canada and mexico. >> reporter: on sunday, navarro touting a different approach. >> at this point in time there are no country...
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peter navarro saying in an interview mr. trump will sign the tariffs into law today. but a white house aide telling cnn that the policy is not even finalized. navarro announcing there will be exemptions for canada and mexico after facing heavy backlash from fellow republicans. >> there will be a clause that does not impose these tariffs immediately on canada and mexico. >> reporter: on sunday, navarro touting a different approach. >> at this point in time there are no country executions. solutions. as soon as you exempt one country you have to exempt another country. so it's a slippery slope. >> reporter: this tariff announcement continues to be mired in chaos today. we know that the president has been pushing his staff to get it done by the end of this week. he is heading to pennsylvania over the weekend in a race that could potentially benefit from an announcement like this. however, the policy is not done yet, and the white house still won't say whether it's going to be announced today. meanwhile, on the president's otherwise public schedule, he will have a cabinet
peter navarro saying in an interview mr. trump will sign the tariffs into law today. but a white house aide telling cnn that the policy is not even finalized. navarro announcing there will be exemptions for canada and mexico after facing heavy backlash from fellow republicans. >> there will be a clause that does not impose these tariffs immediately on canada and mexico. >> reporter: on sunday, navarro touting a different approach. >> at this point in time there are no country...
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lighthouser is on the other side of the building urging mr. president. larry kudlow would certainly know. ross, navarro, those are his homeboys. >> yes, absolutely, particularly when it comes to trade. again, most of those complaints have been with china. as you pointed out right at the top of this show, this is not about china. this is about an entire global steel supply. it's an ill considered move on the part of the white house. >> i want to go after china. this is not the path. up next, thank you, ron, a new report about russia's meddling in our politics by way of the nra. please, turn up the volume. i want to turn up the attention to this. we are trying to keep track of gun violence in this country. sadly, parkland was not a one off. according to the trace, there have been 8,942 incidents of gun violence in the united states so far this year. since monday of this week, there have been 15 accidental shootings and two mass shootings. yesterday, on the 1st of march, there were 43 shootings in the united states of america, the greatest country in the wo
lighthouser is on the other side of the building urging mr. president. larry kudlow would certainly know. ross, navarro, those are his homeboys. >> yes, absolutely, particularly when it comes to trade. again, most of those complaints have been with china. as you pointed out right at the top of this show, this is not about china. this is about an entire global steel supply. it's an ill considered move on the part of the white house. >> i want to go after china. this is not the path....
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i think the probably with peter navarro, as mr. laffer pointed out, he's flip-flopped from a kind of libertarian position to this new america first position. so you just wonder will even donald trump realize this isn't the best way to defend my policies? >> it's interesting, dana, because you've got donald trump tweeting, from bush one to our present, accumulated trade deficits of more than $12 trillion. last year a trade deficit of almost $800 billion. he was president i believe at the time. we are out of tpp, but tpp still exists. it's just china is running it and we're not involved. donald trump has wrecked our international trade agreements with nothing to replace it. you're in washington, i'm not. have you heard some genius policy to bring back 1950's era manufacturing coal and steel out of this white house? >> joy, i want to go on the record offering you $100 if you can come up with any reality-based evidence justifying anything peter navarro is proposing right now. look, i mean, you have trump saying steel jobs are coming ba
i think the probably with peter navarro, as mr. laffer pointed out, he's flip-flopped from a kind of libertarian position to this new america first position. so you just wonder will even donald trump realize this isn't the best way to defend my policies? >> it's interesting, dana, because you've got donald trump tweeting, from bush one to our present, accumulated trade deficits of more than $12 trillion. last year a trade deficit of almost $800 billion. he was president i believe at the...
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navarro would replace mr. cohn? kevin: that is the battle, who is going to have the president's ear, is it going to be the globalist or the folks more in line with peter navarro? you are seeing that battle on full display with regard to trade policy. i spoke with a congressman last night getting reaction to this fallout from gary cohn's exit, who told me this is expected, number one, but that there is a group of republican lawmakers who today are sending a letter to the white house urging him to korea -- to reconsider the should trade policies. you heard reaction out of the european union. while this exit is expected, gary cohn will still go down as a casualty of this president's proposal on trade. francine: good morning from london. what will it take for the trump presidency to reconsider these tariffs? if we have retaliation from china, will that make president trump change his mind or if it has an impact on gdp, would that mean he would think of a reversal? kevin: yesterday president trump at the white house sayi
navarro would replace mr. cohn? kevin: that is the battle, who is going to have the president's ear, is it going to be the globalist or the folks more in line with peter navarro? you are seeing that battle on full display with regard to trade policy. i spoke with a congressman last night getting reaction to this fallout from gary cohn's exit, who told me this is expected, number one, but that there is a group of republican lawmakers who today are sending a letter to the white house urging him...
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as a potential replacement for mr. cohn. people come and go so quickly around here. thank you to our leadoff panel. >>> coming up for us, new trump comments on russian meddling and developments in the mueller investigation. >>> if it's tuesday, it must be election day somewhere, it is in texas. we have a late live report tonight from steve kornacki, when the 11th hour rolls along on a tuesday evening. you know what's awesome? gig-speed internet. you know what's not awesome? when only certain people can get it. let's fix that. let's give this guy gig- really? and these kids, and these guys, him, ah. oh hello. that lady, these houses! yes, yes and yes. and don't forget about them. uh huh, sure. still yes! xfinity delivers gig speed to more homes than anyone. now you can get it, too. welcome to the party. >>> the russians had no impact on our votes whatsoever. certainly there was meddling, and probably there was meddling from other countries and maybe other individuals. i think you have to be really watching very closely.
as a potential replacement for mr. cohn. people come and go so quickly around here. thank you to our leadoff panel. >>> coming up for us, new trump comments on russian meddling and developments in the mueller investigation. >>> if it's tuesday, it must be election day somewhere, it is in texas. we have a late live report tonight from steve kornacki, when the 11th hour rolls along on a tuesday evening. you know what's awesome? gig-speed internet. you know what's not awesome?...
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as a potential replacement for mr. cohn. people come and go so quickly around here. our thanks to our leadoff panel, you guys really came to play tonight, we appreciate it. robert costa, ashley parker, jonathan lemire. >>> coming up for us, new trump comments on russian meddling and developments in the mueller investigation. >>> and later, if it's tuesday, it must be election day somewhere. it is, in texas. we have a late live report tonight from steve kornacki, when "the 11th hour" rolls along on a tuesday evening. but i'm not standing still... and with godaddy, i've made my ideas real. ♪ i made my own way, now it's time to make yours. ♪ everything is working, just like it should ♪ you know what's not awesome? gig-speed internet. when only certain people can get it. let's fix that. let's give this guy gig- really? and these kids, and these guys, him, ah. oh hello. that lady, these houses! yes, yes and yes. and don't forget about them. uh huh, sure. still yes! xfinity delivers gig speed to more homes than anyone.
as a potential replacement for mr. cohn. people come and go so quickly around here. our thanks to our leadoff panel, you guys really came to play tonight, we appreciate it. robert costa, ashley parker, jonathan lemire. >>> coming up for us, new trump comments on russian meddling and developments in the mueller investigation. >>> and later, if it's tuesday, it must be election day somewhere. it is, in texas. we have a late live report tonight from steve kornacki, when "the...
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as a potential replacement for mr. cohn. people come and go so quickly around here. thank you to our leadoff panel. >>> coming up for us, new trump comments on russian meddling and developments in the mueller investigation. >>> if it's tuesday, it must be election day somewhere, it is in texas. we have a late live report tonight from steve kornacki, when the 11th hour rolls along on a tuesday evening. you walked together. you built your home again. my dna showed that i'm native american, and connected me to cousins who taught me about our tribe. my name is joseph reece, and this is my ancestrydna story. now with 10 million new family connections made every day. order your kit at ancestrydna.com so allstate is giving us money back on our bill. well, that seems fair. we didn't use it. wish we got money back on gym memberships. get money back hilarious. with claim-free rewards. switching to allstate is worth it. he gets the best deal on the perfect hotel by using. tripadvisor! that's because tripadvisor lets you start you
as a potential replacement for mr. cohn. people come and go so quickly around here. thank you to our leadoff panel. >>> coming up for us, new trump comments on russian meddling and developments in the mueller investigation. >>> if it's tuesday, it must be election day somewhere, it is in texas. we have a late live report tonight from steve kornacki, when the 11th hour rolls along on a tuesday evening. you walked together. you built your home again. my dna showed that i'm...
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>> yeah, well look, you had peter navarro on your show earlier today. he made incredibly disin again use us arguments, maria. you heard him say time and time again this is a national security issue. no it isn't. we only need less than 3% of u.s. steel capacity for the defense industry so i have a problem with that argument which is the premise for all of these actions against china. secondly, president trump could be opening up markets and making america more competitive in gaining job opportunities for americans and forcing countries like china to change their practices because they want our business. that doesn't gamble with american jobs, but by playing chicken in the way that he has in threatening tariffs, he's gambling with american jobs, gambling that he's going to open up markets. i much prefer the other approach maria: what about the fact that he's exempted so many industries in terms of national security terms he said look if we have a national security relationship with another country you can come out and say look pushback on the tariffs and
>> yeah, well look, you had peter navarro on your show earlier today. he made incredibly disin again use us arguments, maria. you heard him say time and time again this is a national security issue. no it isn't. we only need less than 3% of u.s. steel capacity for the defense industry so i have a problem with that argument which is the premise for all of these actions against china. secondly, president trump could be opening up markets and making america more competitive in gaining job...
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. >> don't have to have a smile on your face and mr. to mr. trump. >> i'm curious, are you bullish or bearish. >> listen to peter navarro it doesn't make sense what he is saying i am more bearish thatter auto going to hear more of this rhetoric from the lawn on the white house. >> i get your frustration. navarro's policy zigzag tlud time warps in the last 25 years. you know what matters, the market it matters for a company like boeing i bring that up because the reason why boeing is selling off, it was probably due to sell off. it was going on a one way ticket higher i'm not sure it wasn't something that was going to happen anyway. the best analysts on the street were upgrading boeing at the top and guys the who were cynical at 330 said it was going to 450 what is happening with boeing is emblem of a market that needed a reason to come back. >> you are looking for safeties out there there might be nowhere to hide. our next guest says it could be about to get worse chris verrone. you are looking at staples >> i think that's one of the big issue
. >> don't have to have a smile on your face and mr. to mr. trump. >> i'm curious, are you bullish or bearish. >> listen to peter navarro it doesn't make sense what he is saying i am more bearish thatter auto going to hear more of this rhetoric from the lawn on the white house. >> i get your frustration. navarro's policy zigzag tlud time warps in the last 25 years. you know what matters, the market it matters for a company like boeing i bring that up because the reason...
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tom: mr. major is with hsbc. we have a terrific set of interviews, conversations to get your week started. peter navarro will join us on bloomberg radio, "bloomberg surveillance." we will do that in a few hours. james glassman with us on the american economy and fiscal stimulus. --ore that in the next hour the international monetary fund managing director, madame lagarde on france and europe and on america's fiscal future. this is bloomberg. ♪ retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. tom: futures find a bid, the turkish lira does not. the ramifications of trade wars to come reverberate through the global financial system. on t
tom: mr. major is with hsbc. we have a terrific set of interviews, conversations to get your week started. peter navarro will join us on bloomberg radio, "bloomberg surveillance." we will do that in a few hours. james glassman with us on the american economy and fiscal stimulus. --ore that in the next hour the international monetary fund managing director, madame lagarde on france and europe and on america's fiscal future. this is bloomberg. ♪ retail. under pressure like never...
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they said mr. trump's increasingly damaging his playing rant right now. >> i don't know if any of those could moderate the president stands on tariffs or any economic policy. that is that the market is concerned about is kerry pointed out another 1000-point drop if the terror situation doesn't straighten itself out. one thing important to remember if you're a long-term investor is markets go up over the long term and whether it had good presidents come and bad presidents, terrorists, all economic policy wars, markets to go. we could get a significant direction even if things continue to go in the same direction. over the long term investors are just fine. trade tracey worried about this right now. you seem to be worried we could see it trade war. our investors certainly felt comfortable with mr. cohn. lea: more bad news for the embattled weinstein company. could've saved assets has collapsed. lauren: tracee carrasco with more news. >> the weinstein co. headed towards bankruptcy after his would-be b
they said mr. trump's increasingly damaging his playing rant right now. >> i don't know if any of those could moderate the president stands on tariffs or any economic policy. that is that the market is concerned about is kerry pointed out another 1000-point drop if the terror situation doesn't straighten itself out. one thing important to remember if you're a long-term investor is markets go up over the long term and whether it had good presidents come and bad presidents, terrorists, all...
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with me, maeve restin, chris cillizza and anna navarro, cnn political commentator. welcome to you. chris cillizza, you just hit "publish" on a column where you are arguing instead of what you heard from the president, you're saying, no, mr. president, you're the one who is afraid of the nra. >> well, yeah. remember, brooke, in the immediate aftermath of the parkland shooting and then again in that open meeting, i guess you could call it, 11 days ago. donald trump went out and said clearly he thought that made sense, that it was something that should be done. that it could go hand in hand with hardening schools, arming skilled teachers, et cetera, et cetera. so, yeah. i'm not sure what else you could ascribe it to. basically enforcing the laws on the books and arming some teachers which are the two key pillars of the proposal are things that the nra will be totally fine with. there is not anything that he's proposed that the nra would blanch at, that the nra has opposed and remember -- >> what about bump stocks? >> bump stocks was something the nra said we believe should be done thr
with me, maeve restin, chris cillizza and anna navarro, cnn political commentator. welcome to you. chris cillizza, you just hit "publish" on a column where you are arguing instead of what you heard from the president, you're saying, no, mr. president, you're the one who is afraid of the nra. >> well, yeah. remember, brooke, in the immediate aftermath of the parkland shooting and then again in that open meeting, i guess you could call it, 11 days ago. donald trump went out and...
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>> right well, secretary mnuchin likes this mr. jarrod kucher mr. jared kushner likes this they believe that larry can do the details. remember, he's a little more pro europe, more pro i'd say germany and japan over the car issue has not fought the steel issue does not like tariffs. i've known larry for years larry is the ultimate free trader however, if you've been listening to him both on the radio and on cnbc, he is much, much harder of late on china and i think that stands well with the president because china's viewed to be a not great actor when it comes to defense and not great actor when it comes to doing things with america that would weaken us. but again, i would just call him leading contender did speak to the president as recently as yesterday. i would say that he would absolutely take the job if he's offered it again, speaking as a friend only i think he would take the job. and as a friend from way back, he is much softer than the market thinks the president is which i think is viewed as being very, very positive for stocks would it be
>> right well, secretary mnuchin likes this mr. jarrod kucher mr. jared kushner likes this they believe that larry can do the details. remember, he's a little more pro europe, more pro i'd say germany and japan over the car issue has not fought the steel issue does not like tariffs. i've known larry for years larry is the ultimate free trader however, if you've been listening to him both on the radio and on cnbc, he is much, much harder of late on china and i think that stands well with...
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the -- he said mr. trump will impose countervailing tariffs not just on china, but on any trade partner that cheats on a trade deal. china has been waging an unfair trade war on the you looked undeclared trade war on the u.s. since joining the world trade organization in 20 -- 2001. for trump, steep tariffs are a strategic negotiating strategy. is that what we are going to see today from the president of the united states? forget multi-route desk multilateral, block, bilateral. >> according to our white house correspondent, the white house is going to announce blanket sanctions on imports of steel and aluminum from around the world. those are very big numbers. we are talking about $185 billion worth of tariffs that will be paste on desk placed on steel imports if you use the average over the last 10 years. that gets passed along. it will maybe help the u.s. steel producers some, but it will hurt the downstream producers a lot and that is what a lot of people are worried about. all of the republicans opp
the -- he said mr. trump will impose countervailing tariffs not just on china, but on any trade partner that cheats on a trade deal. china has been waging an unfair trade war on the you looked undeclared trade war on the u.s. since joining the world trade organization in 20 -- 2001. for trump, steep tariffs are a strategic negotiating strategy. is that what we are going to see today from the president of the united states? forget multi-route desk multilateral, block, bilateral. >>...
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peter navarro has said that canada and mexico would additionally -- would initially be exempted, but that would depend on a new agreement with nafta. plays out has yet to be seen. white house officials talking for exemptions -- about exemptions for certain countries, in addition to mexico and canada, perhaps nato allies. there has been talk of corporate exemptions. how that would play out is unclear. with a exempt current contracts? -- with a exempt current contracts? what would be applied to corporate exemptions has yet to be seen. a number of uncertainties in terms of timing and scope. is no friend of the trump administration. one of america's great economic historians. has essentially proposed a new tax on consumers and industries, the cost of which will be born largely by his own supporters in the -- rustd and rest belt. navarro has yet to explain how creating a larger domestic steel willtry through tariffs the u.s.et benefit for economy. he is says creditors often discover they are the prey. stephanie, who will go after the president? had business leaders express concern about t
peter navarro has said that canada and mexico would additionally -- would initially be exempted, but that would depend on a new agreement with nafta. plays out has yet to be seen. white house officials talking for exemptions -- about exemptions for certain countries, in addition to mexico and canada, perhaps nato allies. there has been talk of corporate exemptions. how that would play out is unclear. with a exempt current contracts? -- with a exempt current contracts? what would be applied to...
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despite mr. kudlow calling president trump's recent tariff announcement assist a prosperity killer brian, i'll start with you everyone's saying, you get larry in there, you don't have peter navarro -- peter will be there the president likes conflict he's substituting cohn for someone with a similar world view is anything really changing? >> no. a little conflict is good. you don't want everybody on a team that thinks alike when we hire people for -- i hired someone 11 years ago because i wanted him to challenge me on how i think. that's important to building any kind of great team i think what we found from the steel tariffs so far, there are so many exemptions, so many one-offs i will remind people, since we do canadian strategy, you saw paper dues go up substantially between united states and canada it would have been the best performing stocks in canada than some paper stocks because revenue goes up when dues and tariffs go up. we'll probably see revenues have a nice spike in the steel stocks.
despite mr. kudlow calling president trump's recent tariff announcement assist a prosperity killer brian, i'll start with you everyone's saying, you get larry in there, you don't have peter navarro -- peter will be there the president likes conflict he's substituting cohn for someone with a similar world view is anything really changing? >> no. a little conflict is good. you don't want everybody on a team that thinks alike when we hire people for -- i hired someone 11 years ago because i...
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nateing, i want to bring up real quick the journal had op-ed this morning and quote, unquote say if mr. trump chooses christopher for the job he will be elevating a former corporate executive without strong free market views. maria: i was reading the op-ed, it's either him or peter navarro and they look at peter navarro as protectionist but little more than that. the president likes the different views, you wond whore does get the job but "the new york times" is reporting that it's little. cheryl: they are. the journal pointed out that the 2016 interview where he's from, he made quote, the days of unbriddal free markets is over. it's a pretty scathing piece this morning. >> gm in microsoft, right? maria: yeah, he was working with jared kushner apparently in the white house in the innovation sector. cheryl: but not involved in tax reform, not involved involved in deregulation, the question is he the -- maria: a bit of a horse race for the job. >> no update from fiona the hipo? cheryl: i think the tinder app is coming. maria: why the biggest ipo in the world might not happen until next y
nateing, i want to bring up real quick the journal had op-ed this morning and quote, unquote say if mr. trump chooses christopher for the job he will be elevating a former corporate executive without strong free market views. maria: i was reading the op-ed, it's either him or peter navarro and they look at peter navarro as protectionist but little more than that. the president likes the different views, you wond whore does get the job but "the new york times" is reporting that it's...