35 Burst results for "Gary Cohn"
Gary Cohn joins IBM as vice chairman
"Gary cohn president trump's first director of the national economic council announced today he is joining. Ibm as vice-chairman cola. The white house after the trump tax cuts fashion might remember that has since been critical of the president. I do have one question though. What is the vice chairman of ibm. Actually do
Can the US economy recover from coronavirus?
"Nation last week another three million Americans filed for unemployment retail sales and factory output recorded record declines silenced the economic damage from corona virus tonight on sixty minutes Scott Pelley talks with the most powerful man in the finance world federal reserve chairman Jerome Powell here's a preview what economic reality to the American people need to be prepared for well I I would take a more optimistic cut it that if I could and that is this is a time of of great suffering and difficulty and it's come on us so quickly and with such force but you you really can't put into words the the pain people are feeling the uncertainty there realizing and it's going to take awhile for us to get back but I I would just say this in the long run and even in the medium run you would want to bet against the American economy this economy will recover it may take awhile it may take a period of time it could stretch through the end of next year we really don't know can there be a recovery without a reasonably effective vaccine assuming there's not a second wave of of of the corona virus I think you'll see the economy recover steadily through the second half of this year for the economy to fully recover people will have to be fully confident and that that may have to await the arrival of of of a vaccine scuttle interview the fed chairman airs tonight on sixty minutes we go now to Gary Cohn he's a former director of the national economic council under president trump he joins us from Long Island New York good morning good morning Margaret you just heard of a federation chairman say and know full recovery until there is a vaccine thought is the logical extension of that that there will be widespread unemployment well into next year so first five by chairman Paul did a very good job of summarizing the economic situation with some optimism and saying look if we don't get a second outbreak in the fall which is just predicted we don't know if that will happen or not we we we will continue to grow our economy and our economy will continue to have a natural recovery so and he was quite optimistic and and I am quite optimistic the U. S. economy is quite resilient and I and I have to remind people that we end up in this economic situation by necessity we made a conscientious decision to shut down our economy and have everyone stay home to flatten the curve was the right decision but we created this economic situation we can on wine this much more quickly than some of the comparisons that we're making in time where were were there were situations where our unemployment data happened over a long period of time because I think the climbing employment declining sales I think counter to that is there are people in immediate and severe pain now I mean the fed revealed this week that forty percent of people making under forty thousand dollars a year lost their jobs in just one month in March we were hearing that food in security the fed chair pointed to Congress and you just turn the speaker of the house say time is of the essence do you agree with her that more emergency aid needs to happen now or can you wait as Republicans want to do so I I think I agree with fifty percent of what the speed with the speaker saying so part of the heroes act was to get money or is to get money to the states the state local government and I do think that is very important to stay local governments have been hard hit the last thing we want to see a state local governments in our time of need having to lay off firemen policemen teachers first responders frontline people that were relied upon for everyday life that would be the complete wrong outcome here so the federal government does have to step in and help out states just like that help small businesses and big miss Bates big businesses they should help the states that doesn't mean they should respond return the states to perfect financial condition on the other half of the bill eight you did ask me about that there are some things in there that are much more aimed at a a recovery then the current position we're in in addition to that if we really want to get the people back to work that the chairman Powell was talking about we need to reopen the economy those people earning less than forty thousand dollars a year are very important and we rely on them but think about the health care system healthcare system is twenty percent of our GDP if we get our healthcare system back up and running a lot of people in the lower wage bracket end up working in the healthcare system we need that to happen if if we get people going back to work think of what it means to go back to work you get are you did it's not it's not an either or it's a half right and part of what Congress should be doing is figuring that out policy wise the administration is floating the idea of a payroll tax cut slashing the corporate tax rate suspending capital gains on assets but between now and the end of the year how does any of that help the people who are in pain now what we have to decide where we are are we responding to the crisis we trying to stimulate recovery Hey look this is a very difficult situation because the federal government sits on top and then each state is going to decide what we're doing if we're trying to respond to the crisis were right and this is where I agree with the speaker we have to get the state's money to help them respond to the crisis if we're trying to stimulate economic growth which would be the second half of the equation we would use a different set of tools to stimulate economic growth and we have a huge tool box of tools we can use to stimulate economic growth but but those specific proposals payroll tax cuts lowering the corporate interest rate does that do any of what you're talking about will a payroll tax cuts puts money in the pockets of people who are working right right now we're talking about the unemployed people exactly all tax cut doesn't help an unemployed person so I'm not in favor of the payroll tax cuts so what are you saying are you back to work okay are you also saying more direct aid to people because one of the the questions around extending unemployment benefits as they are now this unintended consequence of people actually sometimes making more on unemployment then if they take the option to go back to the employer that maybe for low down so what's the solution there the market look I think you just had a very important concept when we first started the enhanced unemployment benefits we did it for a specific person purpose we wanted to and we needed to get people out of the economy we needed them to stay home so we changed the definition of unemployment we said look stay home don't look for a job we don't want you to leave your house now I think we have to go back to the more traditional definition of unemployment if your unemployed you get benefits but if you need to be looking for a job if you get offered a job you should have to take that job and you should come off of unemployment benefits we need to transition out of the extraordinary measures that were justifiable sixty days ago ninety days ago into the the real world of what it is they they they continues definition of unemployment to think that do you think equity markets are behaving rationally and are you accepting the idea that the tax cuts that you personally helped usher through from the trump administration may have to disappear as so many on Wall Street are predicting to pay for all this first I have I have said it I'll say it again we now understand that we have to be in position the federal government to spend two to five trillion dollars in a moment's notice to support our infrastructure support our economy that said we need to sit down look at both sides of the equation we need to sit down and look at the revenue side of the equation and we need to look at the expense side of the equation so I would say yes the tax situation United States has to be readjusted everything should be on the table but remember at the expense side equation everything should be on the table as well as far as the stock market goes remember the stock market so you're talking about your name you accept would likely have to go I said so I think everything is on the table Hey remember remember my market I think the tax cuts are completely misconstrued we get a big tax breaks too to lower income earners and we taxed higher income earners in fact in the heroes bill you'll see they're trying to roll back the SALT deduction the salt production it was a way that we tax most of the higher earners only the top thirty percent of earnings really use the SALT deduction they're the ones that own the big homes and pay the big real estate taxes and pay big state income taxes than they're using that deduction rolling that deduction back does not make sense right now when the federal government needs money in in this environment I'm a stock market like a stock market very forward looking and I think the stock market like chairman Paul is fairly optimistic of where we're going to get to an end and there is a path forward and I want my people it's also it's made up of the largest companies might occur and a lot of those companies have actually become more essential to our daily lives today not less essential your current index a small local businesses I think that index would be trading at depressed
"gary cohn" Discussed on The Axe Files with David Axelrod
"Isn't the banker in a better position to understand The risks than the waitress trysts in Las Vegas who thought this thing was and maybe was marketed to her. In a way that said well this is a this is a pretty good deal This look it's an interesting question now is is is. Are we also close to play big brother. So if you're a waitress address and you've already bought the house and you bought your six house and you're doing no docks no documentation no income verification advocation loans and the bank gives you one and there's a rental market that justifying buying the house. I don't know who's guilty in that. I I my point is everyone is equal everyone guilty in that what information should have been given to the waitress about the risks associated with I. I wasn't part of that but I bet you the waitress was given all of the risk disclosure and she side. I guarantee you because the the bank regulations are still pretty tough now did did. Did the entire industry go too far down on lack of documentation lack of income verification lack of down payment hundred percent loan to value. Of course they did. I'M NOT GONNA sit here and say the industry was was perfect. Perfect I'll ask you. I know you're supposed to be asking me but when you when you when you click on APPs today this is not the cone funnel. No we knew. Click on APPs today and and you get nineteen pages of disclaimer and it says you accept or not. Have you read. Have you read all that. No because it may say that you may lose your house in it may say you may lose. Lose your car and it may say that we may take your information and sell it. It may say all these I asked you. Click on it I I do. That's a good point. Click on I click on it. Yes okay I have some intuitive sense of of of risk and if I think there is a risk I probably show it to my lawyer and say what are you you know the waitress in Las Vegas probably had some intuitive sense to and she said they can do lose the house right and guess what she lost the House. Yeah I And and and the country went into a deep economic Spiral because of that. But did they do. You have regrets about how you handle the how Goldman handle it. How the industry handled it? So there's there's many different ways to answer that question. There really are so so look my job at Goldman Sachs was to to to act as a fiduciary for my shareholders so acting as a fiduciary for my shareholders and protecting them and protecting the net worth of the firm and protecting the value of the firm. I think we did a pretty good job. Maybe did a very good job and sometimes not losing money is is. I always say sometimes not. Losing money is more valuable than making money. So from that standpoint did a pretty pretty good job to a very good job on the reputational risk standpoint which is always a much more difficult thing in something that we probably spend the next ten in years discussing was reputational risk and we got to this interesting saying in the firm. I shouldn't say we I haven't been there for three years. Yo It's the old can we. Should we just because we can do something should we do it. And it's a very interesting discussion and it fits in almost every industry. Sorry just because we can do. It doesn't mean we should do it On the can we should we. I think Goldman like every every financial institution small and large and start with every tiny mortgage.
Gary Cohen Interview
"Percent now let's get back to the main bag new economy forum in Beijing where our colleague from C. like what is about to interview Gary Cohn former economic policy assistant to the U. S. president on the pharmacy of Goldman Sachs Goldman Sachs spending more than twenty five years and chief operating officer January twenty seventh January two thousand seventeen sign trump's first appointees as director of the National Council affect the president's chief economic when you look at the US China trade war hello this is going to be one dealing what comes after that you get a phase one I think we're having a trees I think the two sides have some disagreements on trade if you look at what's going on the two countries are fine there's a lot of trade still going back and forth the United States is receiving the goods from China that we need to have a fully functioning economy well I hope I hope we get a phase one deal done and I think it's in everyone's best interest to get a chains have tried other going else that's a natural because the site and I think that makes sense the supply chains have moved maybe companies got too concentrated in one market in maybe we're seeing more global diversification things for companies to be more diversified about where they get their products to where they get their supplies but if you have this information staying and lasting for five years ten years I'm not saying this is a good this is a what I'm trying to say is everyone talks about how dramatic this whole trade congregation is whenever you have countries are disagreeing in some fashion make up their own mind what to what they need to do mark it's a very quickly made up their mind we need to diversify our supply chain we can not be as the dominant independent on one country once wires we've got to create more diversity the system which is a good thing for the system yes it's having some economic consequences but it's not the only thing going on in the car for a confrontation or or is this actually wants a deal and he wants it fast it's a Chinese play by the book I think it's more interested in getting it right in the long term that sat in this is an important asset stand how important is the farmers back to work in the United States we have a big agricultural economy in the center of the United States all farmers need to be exported our products and our families are going through a very tough cycle here losing exports China farmers need to get that back and they need to get that back my next summer phase one deal done would allow farmers to get back into the growing cycle we allow farmers to become a major exporter back to China the Chinese need to import so the question is who are they getting important problem and I think the warning from the United States is very poor so I think the president understands this is a short term phase one fix getting all farmers back into the site China is important for the short term what status quo with increased exports from where we are now back to where we were before any back to a higher level in the end president trump cares about protecting US election there's about protecting copyrights because no market access for US companies which makes a lot of sense you think in the United States is three hundred fifty million consumers China one point four billion consumers which you want to present a United States open up a market to one point four billion consumers if you're a U. S. company of course you want to open up that market to the U. S. companies to want to make sure that we have a level playing field for US companies can access the Chinese market just as the Chinese of axis for U. S. market around the world given they have little visibility are not investing in their markets and it could be a friend chief executive it could be a chief executive in Ohio transaction German that that must be a negative negative negative so we can cause a bunch and that is going on on the investment side and I'll be the first to tell you when you're looking at and you're looking at in the U. S. when you look at topix the first thing you're looking at is building factories building buildings nearby steel they were the first two things I thought that that was not the right decision I would never import products it's different terrifying services then is the terrible import products that go into something you're going to build a great job so the going state takes away the competitive advantage that we gave them in the lower corporate taxes remember we lowered taxes to compete with the rest of the world we lowered into their rates but then we made the Costa still women higher than just incentivize people from opening plants nearby states then layer on top of that the geo political situation we have in the United States right now and it's a very tough environment to take eighty eight you can think of the season to do a major capital expenditure in the United States because you know what the political environment will look like in United States we got a lot of candidates going up the corporations corporate earnings what's the cost of healthcare gonna be what's it going to cost you run your business the United States you're better off as a corporation day to wait for some more clarity before you make in the capital so so what November ninth twenty twenty money exactly is going to come I don't know for sure what date is or when it is clearly if you need to invest the capital right now to grow your business your doing that companies are spending money capital but if you're going to build a big what we would call bricks and mortar or stealing aluminum copper facility and you're gonna hire a lot of people to do that you probably will wait till you get some clarity to what is going to cost you as as as terms of labor and what it cost you to run that facility vis a vis hoping that facility in Mexico or Canada so what the federal reserve kind of getting attacked by the president they have a county that seems to be holding up but I guess it could turn the president is an independent agency in the United States and I think protecting the independence of the federal reserve is of utmost importance I think John Paul in the other governors and vice chairman of bad very good job of trying to walk the line of independence they are making their policy decisions based on the data that they are seeing they're always trying to figure out what is going on in the economy in the future which is a very difficult thing especially a globalized world today on the other other voting members have been making the right decisions based on the data they have at their fingertips at the time they make the decision is that central banker to the world and not just to the the America that is the central the dollar is a key trade currency in the world global commodities are denominated in dollars a lot of so in essence what does does have an impact on the rest is is that far behind your your golden sayings the markets and I think the I think the dollar is going to continue to remain on the relatively strong people talk about interest rates in the United States relative to the rest of the world we got high interest rates and people continue to migrate to a higher interest rate currency the dollar is a high yielding currencies I know we're gonna take a break and talk about quick don't things are focusing on okay are we going to see executives big financial institution twenty twenty I don't think so I I'm just not sure that's Gerry comes next next okay what are you doing at the moment right now besides speaking and writing and teaching which occupies a little bit of my time as many enormous amount of time in the venture capital in the world in two areas in medical technology and really in the secure communication secure data space the secure communications does take you know the payments space because it you can secure communication you can ask actually end up on the payments and that's a really interesting place to be in right right face it really shortly again come their former director of the national economic council coming up
Nikki Haley's Audacious Bet
"With the politics lead internal White House concern about president. Trump's conduct conduct in a new book former ambassador to the United Nations. Nikki Haley recounts then Chief of Staff John Kelly and secretary of state. Rex tillerson telling her that when they were listed the president it was to save the country. Haley called their actions offensive and said they should've quit as C. N. N.'s Kaitlan Collins reports. This all comes as president in a trump and sister republicans. There's nothing to see here on a peach mint as the White House. Braces for the first public testimonies. President trump is attempting getting a new defense now claiming the transcripts of the testimonies behind closed. Doors are doctored by Democrats tweeting. Republicans should put out their own own transcripts despite his claim Republicans who were in the room having disputed the accuracy of the transcripts which witnesses spent hours reviewing doing that is truly an honor to come back to New York City in New York. I'm Veterans Day trump railed against the inquiry from behind his keyboard just days before the hearings hearings begin. Some Republicans are saying the call was wrong but not impeachable that the president asked for an investigation of a political rival. That's over the line. Ah But if he asked for an investigation of possible corruption by someone who happens to be political rabble. That's not over them. That's ignoring during trump's advice not to use that defense. The White House insists there in lockstep in terms of messaging our all on the same page but as trump and his allies is dispute the testimonies of current and former aides. Their accounts of a chaotic White House. Run by an impulsive. Present are being confirmed in her new memoir. Keke Haley Claims John Kelly Rex tillerson tried to recruit her to join them and undermining ignoring trump's commands in an effort to save the country instead. Instead of saying that to me they should have been saying that to the president not asking me to join them on their side bar plan. Kelly didn't refute Haley's claims claims but said if providing the president with the best and most open legal and ethical staffing. Advice is working against trump. Then guilty as charged Haley who may have political ambitions over own steered clear of criticizing trump as. She argued against his impeachment. Do I think that is good. I think it is not a good practice for us. Ever to ask a foreign country to investigate an American I don't but did the Ukrainians call for an investigation. No did the president hold up aid. He released the aid as he should. I don't see it as impeachable now. Dan in the next hour a federal judge is going to start hearing arguments about whether or not the chief of Staff Mick. Mulvaney can join that lawsuit that was filed by the former deputy national national security advisor essentially asking if they've to listen to house Democrats or the White House when it comes to testifying on Capitol Hill. Charlie government has signaled. He doesn't want to be able to join that lawsuit and instead follow his own but it's also notable for another reason. Mulvaney that she was staff was played a part in drafting that eight page letter from the White House instructing instructing White House officials not to comply with any requests from house Democrats. But now he seems to want to rely on the court's decision about that talk about entry. If we might get the decision from the court the top of the hour. Thank you so much for that report. Ceylan back with our panel. Let's talk about the big news that we know of EH ETA Nikki Haley Book which is That tillerson and John Kelly said we need to save the country. They're not denying the that that you said that. What is really remarkable is that I'm sure you all heard Iowa's heard at the beginning of the administration that there was sort of a pact among the top national security cabinet officials goals that they needed to stick together to do? Just this Nikki. Haley is confirming that that was accurate. Yeah she is but I also I mean it's very She's doing it for her own benefit. Right I mean she's really selling people out as far as I can tell I mean I think the assumption is that they were coming to her in confidence out of concern for things that were going on In the White House now she's turning around and using it to her benefit to try to curry favor with president trump. I think her argument that well if they had a problem they should have onto to president trump. How does she know they didn't? I mean I'm assuming. They probably did discuss their complaints with Donald Trump and if they had serious concerns and they went to her These are people that let's remember. Donald Trump held up as his sort of pre eminent appointments. I mean they were the crown jewels of his were generous administration situation right. The he was held up in these are the best people and now suddenly I you know I think I think I'm just saying I think if they had concerns. I think that that's the story Eh. It's not the the the fact that it'd be -actly yeah. She's trying to make it out that they're doing something wrong. Yeah I'm the good girl that you said that that is the story. Yeah story is we have her saying. And I'm not denying that the secretary of State that the chief of staff and maybe even others were were trying to protect the country from the present. They work for well done of this confirms what's been coming out in book after book after investigative piece there have been so many and only three three years of the presidency that showed a pattern of people trying to work around the president or simply ignoring his direct orders simply bleat taking the order and doing what they intended to do in the first place in effect running parallel presidency. This lines up beautifully with that story which which people denied at the time also confirms exactly what Rex Tillerson and John. Kelly have both publicly said John. Kelly recently said that if left to his own devices the president would do something that would amount to impeachable defenses. That's why I think what Nikki Haley is. Doing here is sort of going. After a low hanging fruit these are two people who left the administration with a really deteriorated raided relationship with President trump. Going after them sets her up to be a pro trump candidate in twenty twenty four twenty twenty eight when i Seoul still think that maybe someone like Jeb Bush can come in and be the. GOP Senator Nikki Haley realizes that she needs trump if she does at least ambitious exactly right. The Republican Party has changed so much having said that the Washington Post obtained Another part or probably the whole book but they wrote about another part of her book. Tuck where she said quote. She went privately to the president with her concern that he had seated authority to Russian president. Vladimir Putin after the two leaders leaders met in Helsinki in two thousand eighteen and with her objection to what she called. Trump's moral equivalents in response to a deadly White House white supremacists rather March Charleville the year before so. She's being protective of him. She won't get line to say that she's she's all in on trumpism but that she's he's calling out the things that almost everybody saw as you gotta be kidding me moment. I feel like I'm going to have a little bit of the defender of Nikki. Haley position here at the table bowl. which is I think I do appreciate that? The first year of the trump presidency. You can just like what it is that he was doing. He was new to this job right and he had a lot lot of people who are telling him what he thought and that was the first year of the trump presidency. You had in various books as ray mentioned Gary Cohn who took some tariff order off the president's desk in threw it away I mean you could never imagine another presidency someone taking away directives that the president was GONNA sign. They treated him as if he was not the president of the United I stay at speak to and then the next question is why well and they see that we didn't see I mean. Look there's a lot to be critiqued under this. The presidency and I certainly am not going to defend a lot of the things that he's done. I'm a far more traditional but in defense of the President I think he got rid of a lot of people because he wanted to be the president of the United States and there were so many people that were not listening to him he was duly elected and so I have some sympathy for him in that perspective now. What are Nikki Hilly's motivations? I think we've covered that here but but I guess on that we're going to have to take a break but it's kind of remarkable how she more than I. I think anybody else who worked for him and has left has walked that delegate almost visible line of supporting him and criticizing him in a in a gentle enough way that she maintains
China Trade Talks Shaped By President Trump's Divided Advisers
"Trade Representative Robert lighthizer and Treasury Secretary Steve Mnuchin confirmed that those tariffs will take affect this Friday, if the Chinese backtrack from trade commitments, although the White House appears to be a United front in this moment NPR and the PBS show frontline found that top administration officials spent more than a year deeply divided on this issue top advisors fought bitterly over over. Whether tariffs would help the US economy or devastated, here's NPR's. Laura Sullivan, Steve Bannon, President Trump's former chief strategist I met the president in two thousand ten while get invited up to a meeting by getting day Vaasie. Says Donald Trump wants to meet and talk about running for president. And I said what country but a few days later. Bannon went and found he and Trump had something important in common shared belief that China pose a grave danger to the United States that he didn't know details he knew almost no policy, but what I found. Most extraordinary was when we got to the section on China, which kind of threw out there of a two hour meeting almost thirty minutes or more was all about China. Trump has railed against China and the US trade deficit for more than two decades. In television, interviews, he said tariffs would revive manufacturing jobs by the time. He hit the campaign trail Trump had found his audience, we can't continue to allow China to rape our country. And that's what they're doing in watched from the back when he started talking about trade. He started talking about China these working class people lean forward. No, other Republican talk like this. When Trump was elected. He assembled a team of advisers to focus on China pulling in people like Gary Cohn from gold. And sacks a hawkish economists named Peter Navarro his US Trade Representative Robert lighthizer an army general H, R McMaster who became his national security adviser. But this group of advisers quickly splintered deadlocked over whether tariffs would bring China to heal or send the world's two largest economies into turmoil. They broke into two camps the globalist versus the nationalists. Gary Cohn was Trump's top economic advisor, we agreed on what the fundamental issue was we agreed that the force technology transfer the lack of market access. The copyright infringements was all a huge problem would I think we have different methodologies on is power. We were going to solve that problem. Cohn was a globalist. He and others like HR McMaster believed. Heavy tariffs would hurt the country that the Chinese products Americans by will become more expensive business growth would slow. They wanted to partner with other countries to. Confront China with our full alliances nationalist like Steve Bannon and Peter Navarro the economists wanted to us tariffs to force China to the table to end longstanding issues of theft and unfair practices. They believed higher prices on Chinese goods would protect US jobs and bring back manufacturing. Bannon says there was little middle ground. If you take all the other nastiness on the things like the Paris accord and TPP rolling up and put it to the factor. Ten they don't compare to these weekly nasty trade makes there was a blob in the Oval Office Peter pulls at one of his charts, which the president loves next thing. You know, we have this big blow we have to exit and go back into the Roosevelt room Gary Cohn remembers it, well, he says Bannon Navarra were not bringing actual data to the meetings from time to time there were people that try to use unfort- noted undocumented facts cone says there were a lot of pictures and infographics whiteboard with giant pie charts. That's my job to get rid of the undocumented on foot noted facts. And make sure that those don't enter the Oval Office talking about Peter Navarro's charts. Yes, I'm talking about Peter Navarro's charts Navarro declined NPR's request for an interview HR McMaster said everyone in the room was concerned from the beginning about the economic threat China posed potential between the two men is clearly still high the prisoners is were wide open. And so were all the members of his cabinet all of you universally felt that China was a threat in a problem. That's correct. That's total incomplete lie. Bannon says he McMaster were never on the same page. I fought that guy every day. I don't wanna hear his nonsense now that he realizes he was on the wrong side of the history. If he said that he's a stone cold liar by the end of two thousand seventeen the discord was seeping well outside the White House. Susan Thornton was acting assistant secretary of state for East, Asian and Pacific affairs and served under ten secretaries. She said it was one of the most difficult assignments of her career trying to present a strong unified front to the Chinese you. Can't have this team. That's fighting with it self. That's a big disadvantage for us. Frankly, do think China was aware that there were different sides arguing yes, they were having fights in front of the Chinese delegation, which is like the cardinal sin of negotiating makes it look like your delegation doesn't know what it's doing. And that the leader of the delegation doesn't have sufficient authority to negotiate. Bannon says it doesn't matter if the Chinese new top officials were at odds he intended to win we came loaded. The most intense fights and debates in the White House were about this issue of terrorist. But tariffs as a proxy to the great economic war China that we're engaging for Bannon Navarro, and the nationalist it paid off in March two thousand eighteen Trump called stealing aluminum executives from around the country to the White House. We have with us the biggest deal companies in the finance tariffs on steel. Dylan, aluminum and six months later imposed additional tariffs on two hundred billion and Chinese goods cone accepted defeat. Did I feel like I had represented the non-tariff side of the equation for many people in the White House that didn't want terrorists. Well, I did. I felt like I give it my best effort, but he says, the White House globalist aren't the only ones who lost who I think lost was the United States consumer someone's paying terrif- whoever's paying the tariff is the looser for every dollar of tariff. It's collected. It's coming out of disposable income of the United States. Consumer today cone left the White House less than a week after the steel meeting and in the weeks and months that followed HR McMaster left his job, Susan Thornton left, her post at the State Department, and Steve Bannon had already resigned, but the administration is forging ahead with the nationalist agenda. Economists say it's too soon to know the impact of the tariffs. But they haven't lowered the trade. Deficit as Trump wanted in March the deficit with China was at a record high. Bannon says those are narrow outcomes he and the other nationalists are thinking bigger, I think the goal into China's quite simply to break the back of this totalitarian mercantilist economic society. So it's definitely us versus them. And I don't think is a doubt about that. Cone says that goal could turn an economic problem into something even more serious China is a superpower China has one point four billion people. That's a fact if we really become isolationist than China becomes 'isolation est. That seems to me like you're trying to set up a conflict trade talks are expected to continue this
New book on Jared Kushner and Ivanka Trump paints a gloomy portrait
"Right. So this week guys. The guardian got a hold of a new book coming out March nineteenth called Kush ink by Vicky ward, I mentioned at top of the show or not the top maybe. But earlier in the show when I was talking about Trump printing out the Komi firing letter on the wrong printer. So in this book, some of our beans came true, check out this clip from episode eighteen the Daily Beast broke a story on Friday that Kushner's dad asked a Qatari firm to lend the Kushner's money to shore up sixty six sixty six Fifth Avenue. We've talked about the six six six building. It's the office building that's the centerpiece of the Kushner real estate empire, and it is one billion dollars in debt, and that loan is coming due in two, months, and Kushner and his family been scrambling to get money to pay this lingo. And that's what the city group and Apollo five hundred million dollar loans went into the office building. And Kushner's dad went to Qatar and ask them can we have some money and to to put into this office building Qatar looked at the office building because he bought it in two thousand seven right before the bubble bursts. So that was dumb and Qatar went no note that you and that upset Kushner, but what's interesting is that when that deal fell apart. Kushner backed a Saudi blockade of Qatar. Basically teaming up with Saudi Arabians to to put throw a blockade up against Qatar and Qatar is one of our key allies in the fight against Aycell in the region, that's national security level shit. We have thousands troops in Qatar like. But his, but he but his not getting alone. And now, it's not proven that. It's connected. But it's to him. It was clearly more important, but well, whether he did it because of that or not, but he did he did advocate for the blockade against Qatar. And it happened to be less than a month after Qatar refused to lend him money on that build interesting. So we'll see if that also. Yeah, we'll see Moller's looking into it. And also the securities the SEC the securities and Exchange Commission dropped an inquiry into Apollo Apollo global management less than a month after they agreed to lend Kushner one hundred and eighty million dollars. So go back and listen to eighteen because it's all about putting club Kushner, and I have a feeling we're going to hear a lot more about Kushner in the next couple of weeks anyhow in this new book, we learned that around that time Kush was confronted by Tillerson, and Gary Cohn who blamed Kush for Trump's abrupt endorsement of. Saudi blockade against cutter. Even though they're an ally in the region. We have our one of our largest bases there with a quite a few military stationed there. Shortly thereafter, cutter help to bail out Kushner from his devil building sixty six Fifth Avenue. The guardian also published a piece this week about cushion, how his friendship with Mohammed bin some on. The crown prince of Saudi Arabia is at the heart of US Saudi relations, and as we know Kushner Flynn, and a whole host Trump allies have pushed to provide the Saudis with technology to build nuclear reactor plants that could put them on the path to developing nuclear weapons if they want to enrich their own uranium, which they definitely do which is dumb because it's way less than half the price to get it enriched elsewhere and shipped back to you. So the fact that you want enriched uranium suspicious uranium means you want to make weapons. So let's go over a few things we discuss regarding Kushner on the pod I way back in April twenty seventeen Kushner's dad asked the country's for a loan. And they said, no, you're stupid. Get out of him two months later. Saudi Arabia throws up the blockade much to the chagrin of Conan. Tillerson. Incidentally, that's right around the time Jamalco Shoji left Saudi Arabia after he trash talk Trump.
Bob Woodward's Book Goes on Sale as Ex-Trump Aides Push Back
"Bob Woodward's blistering book about White House dysfunction was officially released two former top as to the president adding new denials to the chorus from other officials Gary Cohn. Trump's former chief economic advisor who's portrayed snatching a letter from the president's desk in the Oval Office to protect the country saying today this book does not accurately portray my experience at the White House. But co not saying what he claims the book got wrong, and rob porter. The former step secretary who left the west wing after a scandal of his own saying in a statement, the suggestion that materials are still in from the president's desk to prevent his signature misunderstands, how the White House document. Review process works. Woodward said he's not surprised or bothered by the string of denials one key person. Who's the in office called me and said, everyone knows what you've said. Here is true. It's one thousand percent, correct. And then this person has said some public things that contradict that when asked about Puerto Rican Cohen's denials in the Oval Office today, the president said this, I really appreciate this statement statements. Excellent. And they both said that shows that the book is just a piece of fiction, but for a piece of supposed- fiction, the president certainly still intent and focused on all of this Semites, even say consumed by this book, we should point out. These denials come about a week after other denials, and certainly these juveniles not answer specific portrayals in the book, which can also say some of the instances in the book were reported by us and other news organizations at the time so to release these. Statements have denials brought Bob Woodward says something that he's seen over the years. People say something privately to him and acknowledge advance we'll have to deny it
President Trump, President and President Jimmy Carter discussed on Sean Hannity Show
"Of a person I'll surfacing Tuesday after the official release of that new White House tell all book by reporter, Bob Woodward. Correspondent Kaitlan Collins tells more of the president's former top aides chief economic advisor, Gary Cohn and staff secretary rob porter issuing carefully worded denials after Trump told allies, he believed, they cooperated. The most cone writing this book does not accurate. Portray my experience in the White House. I continued to support the president quarter. Adding he thought it was selective and
Facebook's Sandberg and Twitter's Dorsey give Senate testimony
"Two top technology. Executives were on Capitol Hill today, Facebook, COO, Sheryl Sandberg and Twitter. CEO Jack Dorsey testified before the Senate intelligence committee. They discussed what their companies are doing to try to prevent foreign adversaries including Russia from using social media to manipulate Americans and influence elections NPR's Ryan, Lucas has been following this hearing and is here in the studio to tell us more. Ryan this hearing comes two months before the midterm elections. So what did Sandberg Dorsey say about the way, Facebook and Twitter are responding to foreign influence campaigns on their platforms? Well, social media companies were slow to respond in the past to how big of a problem. This actually as you may recall, the Facebook's, Mark Zuckerberg, of course, publicly dismissed the idea that Russia had used Facebook to sow discord run ads influence Americans back in the two thousand sixteen election, Republicans and Democrats heavily criticized social media companies for what they described as a very lax response to this threat. And they took aim at Google today. For refusing to send its top executive to the hearing. They were invited. Google did not come. There was an empty chair. Instead that aside the tune that we're hearing from social media companies has changed a lot Sandberg. For example, said today that Facebook didn't grasp how Russia was manipulating Facebook back in two thousand sixteen to sow discord. Here's a bit of what she had to say. We were too slow to spot this and too slow to act that is on us. This interference was completely unacceptable. It violated the values of our company and of the country, we love now, we've heard similar me a couples from Facebook before now with Twitter Dorsey acknowledged that it had been manipulated that the company was slow to realize he mentality of the problem and both Dorsey and Sandberg said that their companies have taken steps to address this issue taking steps like what? Well, just in the past few months. Facebook Twitter, Google, Microsoft is well, they have all detected and taken down fake pages or counts or sites that were pushing disinformation are engaged in some other malicious activity some of those accounts were linked to Russia. In one case they were tied to Iran now in terms of the nitty gritty on how these companies are trying to combat. The problem Sandberg says that Facebook now has twenty thousand people working on safety and security. That's double the previous number. She says the company can review reports and fifty languages that can do that twenty four hours a day. And she says it Facebook is using better official intelligence to help identify abuse. But this is really a cat and mouse game here Facebook and Twitter say that while they're getting better at picking up patterns identifying bad actors that foreign adversaries at the same time are adapting what they're doing to try to stay one step ahead of the game. Is there a sense that one side or the other is winning? I mean, you said lawmakers applauded some of the work that these social media companies are doing today seem to be ahead. No, not really the fact that we're aware of these disinformation operations that were talking about them that you, and I are sitting here talking about them that's progress. But this is a very complicated issue. This sort of abuse and manipulation of social media raises questions about how these companies operate and about their business model. So it's tough to have a. Particularly rosy outlook on this. Here's how the committee's Republican chairman. Richard Burr, put it today without question positive things are happening the collaboration, dedication and resources and demonstrated a willingness to work with us or critical. But clearly this problem's not going away. Not even sure it's trending in the right direction. And on that last point that Burr made remember top national security officials, including director of national intelligence, Dan Coats. They've warned that Russia continues to target US elections through disinformation. And that of course is a concern because we have mature elections as you said in two months, so just
NBA free agency 2018: Tony Parker to say goodbye to Spurs after 17 years
"I see store jose bautista the walk off grand slam is the mets finished off the race five one gary cohn with call an sm degrom another brilliant outing band eight over eight one run ball although he didn't get the w we need to win games when jacob degrom pitches for us to be the team we want to be you know if if we would have been winning those all along when a few wheelers when he's been really good we'd be where we want to be so winning those games when our starting pitchers pitch really well and pitch even of the game is going to be crucial that's mickey callaway ns ny familiar picked up the winner relief with a scoreless nine as the metropole on three or four meanwhile henry mahia has been reinstated from his lifetime ban for next season that was for pd usage here suspended back in two thousand sixteen after three positive tests nba free agency tony parker's leaving the spurs after seventeen years poorly cheer deal from the hornets at ten million knicks of lost kylo quinn is he reportedly gets a one year four and a half million dollar deal from pacers natural poorly worked out of bio dwight howard reportedly said to join the wizards now and a two year deal with eleven million and the thunder set to part ways with carmelo anthony reportedly either by trade or possibly a buyout at the world cup france blanked uruguay to nothing while belgium held up brazil two one from wimbledon roger federer john serena williams a caroliina pletikosa all advance while williams madison keys and sam query all shown the door sports fifteen and forty five around the.
Qualcomm's $44 bn NXP Semiconductors acquisition is still awaiting China's approval- Technology News, Firstpost
"T completed its merger with time warner in one of the biggest media deals ever the companies put a wrap on it two days after a federal judge approved the combination over objections by the justice department that it would hurt consumers i'm barbara kusak handeye bryan curtis in hong kong let's get this hour's top business stories and the markets president trump has decided to impose tariffs on about fifty billion dollars in chinese imports according to sources china has said he would retaliate former presidential advisor gary cohn said the dispute could wipe out the benefits of tax cuts representative jim rinat achie republican from ohio says be patient with the president this president is a savvy negotiator he uses a different style than most he's not a politician he's a businessman i think in the end we need to let the process work through it i think in the end his negotiation styles are just not something we're used to in the meantime the china daily ran an editorial today saying china and other nations she joined together to counter what he called trump's aggressive trade policies earlier a more positive note for those concerned the scmp southbound morning post said the chinese regulators had approved qualcomm acquisition of an xp semiconductors and xp gained as much as ten percent in late trading in some other news china's home prices rose by the most in nineteen months in may that's even as the government pressed ahead with curbs on property speculation new home prices gaining zero point eight percent from a month earlier south korea's unemployment rate for may was four percent and that was higher than the three point seven percent expected in a bloomberg survey the dollar hit an eleven month high the euro plummeted mario draghi announced that asset purchases would be phased out by the end of december but he also pledged to keep interest rates at current record lows at least through the summer of twenty nineteen that sent the euro lower it's trading now at dollar fifteen sixty seven dalian one ten fifty nine the nikkei with gains of eighty nine points today thanks hang index is flat global news twenty four hours a day live at a tick tock.
White House stabilizers gone, Trump calling his own shots
"Dan bash man you gotta be careful look here's the rebate called you late last night i was reading the washington post after easter services philip rucker robert costa who are both terrific reporters regular contributors this program have a piece entitled tired of the weight gain quote white house stabilisers gone trump calling his own shots being president trump in the past week cutting into stakes at the white house residence on monday with his political soldiers including corey lewandowski and david bossie strategist brad pascal and jared kushner he ended it dining on the gilded patio of maralago states with don king no one was seeing john kelly trump is increasingly defiant singularly directing his administration with the same rapid and brutal style he honed leading his real estate and branding empire and they talk about bringing in ronnie jackson they talk about the arrival of mike pompeo gina hospital and just a number of of different developments larry cudlow showing up what do you think j similar you know i'm just about as well as anyone hasn't been his comms director throughout the the roller coaster ride of two thousand sixteen is the white house without stabilisers in the things that i think people forget here's this is exact same president trump who wasn't supposed to win twenty sixteen and we look at all the accomplishments and everything that the president has done this first year in office and quite frankly he had a lot of people around who didn't necessarily share his vision and weren't fully on board with what he was trying to do and look at it he was able to get done even with not necessarily having his entire team around him now you look at these different positions whether it be pompeii oh being bumped up to secretary of state whether you'll get kudlow replacing gary cohn whether you look at bolton coming into replacing hr mcmaster i mean these are significant improvements it every single position so if you're in the business world here in the sports world and you have the opportunity to upgrade it a position you take it and so i think the president's really getting kind of the right pieces into place and going back to your kind of your lead in and i went to reread the story again this morning but you know how why is it so terrible.
Lindsay Graham Green Lights Trump’s Appointment Of John Bolton
"Deal to help dreamer emigrants avoid being deported and threatens to pull out a free trade agreement with mexico unless it does more to stop border crossings into the us trump claims that people are coming to take advantage of protections granted certain immigrants for employees in the trump administration march was a tumultuous month we get details now from correspondent greg clugston president trump made several high profile personnel changes in march as he reshuffles his cabinet and team of white house aides economic advisor gary cohn secretary of state rex tillerson national security advisor hr mcmaster and veterans affairs secretary david schulkin were among those who were ousted during the month the president also lost one of his most trusted advisers communications director hope hicks who left this past week greg clugston the white house saying he's glad that john bolton will serve as president trump's national security advisor going into talks with north korea republican senator lindsey graham of south carolina says it's because of his very healthy skepticism i'd be very cautious about the terms and conditions of this meeting and this is why i like john bolton is national security adviser he's a very healthy skepticism north korea but i do hope president trump will meet with north korea senator graham says he he explains what he thinks the goal the us should be when it comes to north korea to make sure that north korea gives up their nuclear program japan and south korea they don't have nukes there's no reason for north korea to have a nuclear program they will sell anything that bill that's their history and maybe get a peace treaty with north korea south korea the united states in china but not let this drag on very long time lindsey graham was a guest earlier today on fox news sunday more on these stories at townhall dot com this subject from banyan he'll you like freedom i do you like money i do too if you like freedom and money then you're gonna love freedom checks you see over the next few months an estimated thirty four point six billion is up grabs.
Judge will allow five Bill Cosby accusers to testify at sex assault retrial
"In midtown atlanta witnesses of the text by murder trial described his demeanor as his wife is rushed the hospital with a gunshot wound did you reviewed video of the suv in which takes guy were shot his wife pull up to emory hospital he's hopped out and his waving the vehicle in a valley testified he asked for help for gunshot in the back the state described this as a casual walk but defense attorney don samuel questioned the emory public safety director linda scott harris about that walk not rushing but he's walking stepan limp and limbs sprawling was put into a wheelchair enrolled inside bystanders didn't seem to notice the bloody emergency playing out in front of them at the fulton county courthouse for waters wsb judge allows five more accusers to testify the sexual assault retrial comedian bill cosby ross looking to portray the eighty year old is a serial predator who drugged at assaulted women for decades he only faces charges for an alleged two thousand four assault of a former temple university employee cosby's attorneys are hoping to delay the trial which is set to begin april second president trump denies reports that he's considering an ed ministration overhaul secretary of state rex tillerson was fired this week tobbaconist gary cohn announced his departure last week the president says reports of a mass overhaul are very exaggerated and false saga megani referred several white house officials believe the president plans have firing va secretary david schulkin and possibly national security advisor hr mcmahon mr also making news this morning house republicans plan slough try again next week to push through bill making it easier for terminally ill patients to use experimental drugs the bills supported by president donald trump would allow patients to try pharmaceuticals that don't have food and drug administration approval so long as a doctor and drug manufacturer signed off my grasser reports the bill fell short this week of the house the senate approved a similar bill last august amana shot and killed inside his garage in south fulton county a neighbor on gray fox way tells channel two action news they saw man driving near the house before the shooting iran now says that the door and that's what i started the rise up with his car door open police believe robbery was the motive there are looking over nearby surveillance video people who live near ups distribution center in dekalb county.
Chamber of Commerce warns Trump against China tariffs
"World another day another duty this time us puts tariffs on canadian newsprint today what is donald trump half against canada you campaigned against mexico but he's governing its aims against i think one of the things is that canada is so present in so many different areas of the american economy in positive ways i mean the us sells more goods to canada every year than it does to china to japan to the uk combined so we obviously have all sorts of lengths and with the protectionist approach of the us has given i think there are certain companies that have decided to try and see if they can make a profit off of off of pushing back against their competitors some of which some of whom are in canada we saw it with boeing and unfortunately boeing get actually just drove the great canadian series into the arms of their biggest competitor now we have a great partnership with airbus so sometimes that's gonna backfire on on american companies trying to china challenge canada we're going to highlight that in this case is going to result in higher costs for american consumers the same way the lumber issues lead to higher housing crisis because canadian lumber is more expensive for for builders in the united states we're trying to make these are going to continue to make these arguments in a firm but polite way canadian from the next target for the trump administration we're told his china intellectual property theft sanctions coming china cheap canada to this is one thing that we've been very concerned about over the past years specifically around the overhead global oversupply of steel we've brought in significant measures to ensure that we are protecting the integrity of continue to do that we have concerns a lot of developed countries have around the chinese chinese actions at the same time as we know we do have to continue to engage in trade with china growing opportunity it's growing economy getting that right requires a little bit of of careful careful balancing we're doing well that was canadian prime minister justin trudeau speaking with bloomberg's michael mckee coming up larry cudlow replaces gary cohn as the top white house economic adviser will find out what that means for the us economy you can see all.
"gary cohn" Discussed on Pod Save America
"It don't look at the end of the day i know this is tough i wanna take back the majority i want to take back the majority in the house and in the senate we need to do it but i think the best way we do that is when we're true to our values i'd like the flag the senator schumer in his team that i was just kidding all right okay senator i want to move on because the president has been watching cnbc and it's giving him an idea he is planning to appoint larry cudlow talking head with the kind of classic eighties blue shirt white collar which says you're about to be screwed up to be the national head of the national economic council other than trump viewing being president is an opportunity to meet his friends from tv do you have any response to larry cudlow what do you think going from gary cohn to larry cudlow will mean for the republic this is like i keep thinking i'm going to wake up from this crazy dream right and but here's how i see there is this fundamental question about what you think is important why you think we have an economy what is an economy all about so listen right now to what folks like kudlow and others talk about they say stock market is breaking records corporate profits are beyond anything we have ever seen before unemployment is lower than it has been in many many years and you know what they're right on all three of those and i'm glad to see all three of them but that's not how the economy is lived by most americans you know for the more than half of all americans who don't have a single share of stock a rising stock market leaves them behind for all.
gold-silver bars fall from the sky
"Against them administration is following through with sanctions against russia for meddling in the twenty sixteen presidential election at the capitol texas republican senator john cornyn says that the sanctions will help backup united nations ambassador nikki haley condemnation of russia poisoning a former spy in the uk she would happen in the united kingdom glad to see nikki haley our ambassador to the united nations take such a strong stand together with our allies in the united kingdom against that sort of activity in a statement treasury secretary steve mnuchin said that the sanctions will confront the counter russian cyber activity including attempted interference in future elections there will always be changed that's how president trump responded to high level turnover in his white house today he says change can be a good thing and tamp down speculation that a thorough house cleaning is coming trump is replacing secretary of state rex tillerson with cia director mike pompeo additionally cheek economic advisor gary cohn is leaving and will be replaced with veterans cnbc commentator larry cudlow gold was reported falling from the skies in siberia recently brews in eastern siberia are working to recover tons of gold that fell from cargo plane during takeoff from the airport lanes cargo hatch was reportedly torn off my strong airflow during takeoff with gold bars spilling out no crew members or hurt.
Trump says he helped Republican in Pennsylvania special election
"The position offered by president trump cutler says while he is in accord with the president's policies he opposes trump's recent trade tariffs kudlow replaces gary cohn who resigned over his opposition to the tariffs last week there are also reports that veterans affair secretary david schulkin may have one foot out the door along with national security advisor hr mcmaster president trump downplaying a significant democratic congressional victory while also taking credit for the support gain for the republican candidate who lost the president saying the final outcome of the pennsylvania special election on the eighteenth district would have been much worse for republican rick sa cone if he had not campaign for him trump also claiming democrat winner connor lamb one because he tried to quote be like trump and sound like a republican lost alamina formerly heavily republican district he has yet to concede that race the happiest place on earth the new united nations ranking the happiest countries put finland of the number one spot rounding out the top five norway denmark iceland and switzerland the us dropped four places this year to number eighteen torturing adam kaufman because he's getting jammed this every single day it's still catching i'm okay with it it is so it's always always this or flow rider you think i'm kidding a powerful one two punch all day all day these news time nine forty one time for us to head to the ace hticket dot com sports studio and mr adam kaufman thank you very much big.
White House shake-up: H.R. McMaster, Ben Carson, and John Kelly may be on the way out, sources say
"Great dream kudlow would replace gary cohn who resigned over differences with the president on steel and aluminum tariffs there may be other changes in the offing at the white house cbs's hanadova sources say president trump and national security adviser lieutenant general hr mcmaster have been clashing over policy his departure has been expected for weeks and secretary of housing and urban development ben carson is facing some scrutiny for picking out a thirty one thousand dollar dining room set for his office the order was eventually cancelled chief of staff john kelly and va secretary david schulkin may be in jeopardy as well mike pompeo was tapped to replace rex tillerson as secretary of state on tuesday cbs news update i'm deborah rodriguez news time six thirty to the news sponsored by edwards carpet the missouri house votes to repeal the state's prevailing wage law which sets the minimum salary for those working on public projects let's go live to kmart brian feldman michael this would affect workers who repair bridges schools sewers fire stations it would pay them less money so more could go towards the actual project itself republican state rep jeffrey justice is in favour imagine being able to repair eleven bridges for the same cost for what you can build ten bridges for now imagine school buildings be able to bill where you get an extra four or five ruth for what we're paying for now but those opposed to say it's a terrible idea like democratic state rep doug beck you're telling your constituents especially your construction constituents that you want them to make less money that is what will happen that is a fact they also have less healthcare job potala go up safety issues go up they all go up that's what happens the house did pass the bill which now goes to the senate it's worth noting the house passed a similar measure last year but did not make it through the other chamber reporting live brian feldman newsradio eleven twenty kmox the illinois senate advancing gun control measures the chamber approved a ban on bump stocks and raising the legal age age to have an assault rifle to twenty one state senator neil anderson is in opposition to that measure what are you on either side of this aisle once a mass shooting to happen but yet we're going to take a second amendment away from somebody that's eighteen nineteen twenty years old and.
"gary cohn" Discussed on 1A
"What would this mean for export stuff about so the idea that you know there were some trade advisers particularly gary cohn in the white house who were pushing back against these tariff because they could potentially hurt domestic producers of all sorts of industries and eat out there wasn't a lot of thought about what that could do for raising prices of production of thinks that require steel an aluminum so he had actually gary cohn it actually organized this meeting at the white house to bring in not the steel and aluminum industry people who had essentially convince trump this was a good idea but to bring in the other guys right the other and ladies hopefully uh of these businesses who would be negatively impacted who could potentially you to lose jobs or have to pass those prices that costs onto the consumer and we way has them come and could have give the counter pitch to donald trump but essentially it seems that he kind of gave up gary cohn and said you know looks like the president is kind of sold on this idea and he ended up you know announcing that his resignation he was leaving so there was kind of this counter push to say this could actually hurt certain domestic industries but it seems that trump doesn't want to hear that at all and is not interested before we move on from this we should note that just as the announcement was being made by president trump i was getting ready to sit down at an event here at american university which owns wam you and speak to susan rice former us ambassador to the un and former national security advisor you'll hear highlights of my conversation with her on monday but we did talk a bit about tariffs particularly the impact that she thought they might have on america's international relationships we need to take care of our workers in in the steel and aluminum industries like many other industries have suffered displacement and difficulty in recent years but we have to do it in a smart fashion and in a fashion that doesn't backfire not only on the american consumer but on our global security that was susan rice former us ambassador to the un and former national security advisor you'll hear more of our conversation.
"gary cohn" Discussed on KTTH 770AM
"Lot of democrats to in congress are really uncomfortable with the tariff policy when we'll see how far him go but the president as a lotta thirty so he he he thinks it represents the fracture of american politics in a deep way specifically because of terrorist d do you think that the tariffs is reportedly was the last straw for gary cohn he doesn't he is not an a a believer in president trump's economic nationalism never was which is why a lot of the people in the the trumpworld in steve bannon trumpworld never liked guys like gary cohn and didn't think they should be there obviously not gary cohn goldman sachs guy he's a he was he's friendly to wall street which is why the the market dipped a little bit but the the idea that tariffs is the breaking point and that shows the fracture of american politics you know know who was that guy there that's ally lake he said so many republicans in congress and a lot of democrats are uncomfortable with a tariff policy that's true although it's more on the republican side democrats are more historically you know going back threetime democrats were more economic nationalists that's not the case anymore so yeah i think there's a lot of people who are uncomfortable with that with the fact that president trump has changed the republican party and we don't really have a free trade party anymore you know it used to be republicans were freetrade democrats were more union union people and that was there in and maybe maybe more protectionist you always had a protectionist wing of the republican party but they were the pat buchanan's and day more what two percent pat buchanan used to threaten people in the in the primaries because it bring the rightwing along with him but in a in a he he never did big nationally and he was never a powerplayer in the republican party more of like a spoiler right eight three three eight five two four eight six six so yeah a lot of people there is a fracture in american politics the question is is that that bad of a thing i'd somebody on twitter say tom shilue of course it's president trump i asked you who's responsible for the chaos president trump the media democrats or kurt from fort worth somebody tweeted out thompson will blaming those other than trump for the chaos is like blaming.
"gary cohn" Discussed on KTTH 770AM
"Of all time that was from all of all of the great people mel brooks and uh and and and buck henry and john adams get smart that's something that no young people know at all because that show was actually before my time but i caught the reruns i it was like to watch get smart and then the hogan's heroes all of these shows that nobody would get to the i don't think they would plate hogan's heroes anywhere is it on any cable network i don't think it is it's on me tv oh my gosh a prisonerofwar camp during world war two and it's still it's a comedy and it still running on kept on surprised in this world of politically correct programming i will concede rose weeknights at ten p m that's amazing it's a funny show i mean i can still laugh at hogan heroes scholtz i know nothing fantastic so chaos i want to talk chaos everybody the vox says it's not just gary cohan for cone gary cohn were resign and by the way usa today ounces dow dropped two hundred seventy points after trump's top economic advisor gary cohn resigns do you think the dow drop was all due to gary cohn maybe you know they're they're very their nervous melis on wall street and gary cohn is one of them so maybe there was a little bit of a selloff in this in the volatile market that is 2018 to 70s not that many points here iraq says it's not just gary cohn trump's white house in a staffing crisis now they go through all the people you know who's resigned cone hope picks just resigned scott a move which bannon rob porter all these people now it says that if all this feels like a lot of turnover this is box talking who's the author here oh recline as reclines the smart guy he's liberal but he's off and smart so i'm probably going to he's probably gonna make some good observations and then he'll make a couple of silly ones if all this feels like a lot of turnover it's because it is a lot of turnover says klein it's unprecedented and he says it's twice the size ronald reagan which until now was the modern recordholder in its three times as high as barack obama in the same period and then he says much of the.
"gary cohn" Discussed on The Nicole Sandler Show
"And as the day oh it's time for new coal sandler's what's news from nicole sandler dot com and the progressive voices network more turmoil in the west wing is gary cohn trump's senior economic advisor resigns cnn has the report another day of chaos as the president's top economic advisor gary cohn is resigning he is leaving the white house apparently according to our sources talking to us here at cnn apparently upset about president trump's plans to slap tariffs even on some us trading partners and allies of the president talked about this potential for a trade war earlier today i here's what uh some of what the president added sector and one of the reasons i was elected as on protecting our workers on protecting our companies and i'm not going to let that happen so we're doing tariffs on steel we cannot lose our steel industry it's a fraction of what it once was and we can't lose our aluminum industry you know when we we are behind on every single country trade wars aren't so bad now ever since the president announced the plan for these terrorist last week gary cohn has been working behind the scenes to try to change the president's mind he has been a working essentially alongside other top republicans on capitol hill a like house speaker paul ryan who have been essentially a pleading with the president to change his mind and all of this and a press conference with sweden's prime minister on tuesday trump was asked about staffing changes and if he wants to replace attorney general jeff sessions as you would like to see some change in the people around you does that include your attorney general jeff sessions or either of your avenue secretary.
"gary cohn" Discussed on MSNBC Morning Joe
"So there you go and recon right now is smiling a treatments lord suggest you know he's actually he's like weeping silently isaykin who was it who was it in pat beyond the door it's was it steve mcqueen that escaped or was just an off mcqueen steam clean escape so playing the role of steve mcqueen this morning and pepi on his gary cohn who actually has escaped so reports suggest gary counting as far from the only trump administration official opposed the precedence proposed tariffs according to the washington post defense secretary james mattis and secretary of state rex tillerson privately warned senior trade officials yesterday that the presence move on steel and aluminum could endanger the us national security relationship with allies according to five people familiar with the meeting and the fallout over the president's decision with our european allies is already escalating european commission president announced on friday the block would respond with tariffs on nearly three inapp billion dollars worth of items including harley davidson motorcycle harley davidson motorcycle sella speaker of the house carbon hello majority leader of the senate and levi jeans high ted cruz all right now as we were the jazz i know we're talking about please make i don't know makes levi jeans let us go they're going after nancy pelosi line very good european union diplomats extended bachelet's yesterday but the second batch of items worth just more than one billion dollars that includes shirts textiles footwear cosmetics and recreational boats you know steve ratner it really is it is extraordinary that you have the people that the president actually respects the most we'll certainly the secretary of defense coming out say this is going to cause a real problem with our alliances at a time that we don't need additional problems and whether you talking about secretary mattis secretary tillerson gary cohn the most respected people in in his administration all telling him not to do this and yet the present moving forward in a fit of anger because hope hicks resigned.
"gary cohn" Discussed on MSNBC Morning Joe
"Yeah that is certainly what happened you have had this contingent call the globalists' continue call the nationalists and gary cohn stood for very classic republican economics of free trade recognizing that wall free trade isn't perfect and what we've made a lot of mistakes in terms of how we've taken care of the losers from free trade on balance the country has done much better from free trade and any allowed would you call the butler and the royal tenenbaum peter navarro who is not a well regarded economist kind of sneak around get into the oval office get sort of trump's year get the last word in and you had this this circus where they brought in the steel executives trump had this meeting and then on the way out the reporters asked him what are you going to do any kind of announced this policy in a press scrum on the way out of a meeting when there was no policy it hadn't been through the office of legal counsel hadn't been fully vetted and gary cohn is a process guy and i think at some point you set himself what do i need this for gary cohn was a big player in the white house he was considered for chief of staff job a couple of times uh president trump tweeted about this and he said this will be making a decision soon on the appointment of a new chief economic adviser many people wanting their job will choose wisely as we discussed yesterday on the show joe i'm not sure a lot of people want the job i'm not sure anybody really wants to walk into that white house today thinking about potentially facing you know tens of thousands hundreds of thousands of dollars in legal field the fees depending on what they get embroiled in i think this is a very different white house and quoting a friend i was talking to last night this past year might be its best year which is frightening john fedorowicz from the bachelor to reality.
"gary cohn" Discussed on MSNBC Morning Joe
"It's the tariff decision is a leadership fiasco that cost mr trump a key ally it is a loss and this presidency cannot afford more like a lot of people were last night were criticising gary cohn saying well g he should have left after charlottesville or he should've led after this or after that gary cohn just for those that don't remember and we were critical of gary cohn and said he needed to speak out after charlottesville he did speak out after charlottesville and anybody that knows how the white house works knows that vat caused him most likely the fed chairmanship and so he stayed in there and he fought like good people are staying in there and fight like secretary mattis and and others but but yeah i just enough is enough we're pretty close to people around this circle and i think his departure is a real sign that even gary cohn who is trying to stick it out trying to be there as a sense of duty to try and help out could felt he could not do anything any more to rein in this president casey obviously a lot of republicans on capitol hill that have been very concerned about donald trump concerned about the fact that he's a lifetime democrat that he's a lifetime liberal from queen who actually discovered birtherism discovered racism as a way to get ahead in in the republican primary they're still concerned about his economic policies gary cohn always seemed to be a person that combed the waters for this queens democrat but no more what what what's the rate reaction going to be on capitol hill he always was somebody who at least behind the scenes and meetings they understood him they understood where east where he stood on on the issues for the most part they were all on the same page i mean cone style was one that was more wall street than washington i would say but at the same time he was a force and somebody they could call somebody that they can rely on this tariff decision it is really i think the first enormous policy break republicans on the hill have felt up until now that while yes the president was a huge problem for them in so many ways every news cycle was crazy they didn't really want to keep getting asked about the tweets the end of the day they.
"gary cohn" Discussed on The Nicole Sandler Show
"We're speaking with gary rivlin the author of a new book that was taken from an article written for the intercept wall street's white house how gary cohn wrecked the global economy and parlayed it into a white house job and then all adenauer's fleecing the american public with his tax scam that is likely to pass through the senate tonight um gary cohn put forth the through the one page document back in april how did but the rest of the thing how did it come from gary cohn in the white house or did it come from from congress ray caper everywhere i i do do the it was just a work in progress who is you know the the big four you had koehnen mnuchin for the trump administration and you had um kevin brady uh chair of the house financial service excuse me i chair of house ways and means and his equivalent in the senate uh meeting uh and and talk over the details and it was just great uh quoted in a article new york times and it was thursday that you know w with each with each new development was like another kissed to the donor class and so you know let's leave the the uh uh carried interest a loophole that um of the tax advantage that people in private equity venture capitalist had that they pay taxes at a high rate of or top rate of fifteen percent rather than thirty five thirty nine percent uh let's leave that alone and meanwhile all these random things you know um teachers who buy supplies losing their right off or the ability to write that office and expand yeah th riding would soon.
"gary cohn" Discussed on WGIR-AM
"Very many events were heads got bashed and it was the left did this in order could think of was gary cohn of and these empty five people were chanting no trump no wall low usa of all these are the people that the media's defending as they attacked trump in of trump's out there saying hey you know uh that site on the left the day at some bad actors in their tours of a bunch of to go around the media when had a cow and just like gary cohn trump's economic advisers at normal though those your people standing up for equality and freedom and you can't grudges pictured you cannot say that the people on their way to the moon hordley this is the point it's the people on the left who are using violence to deny it quality specifically equality and specifically freedom and they're chant no trump no wall no usa at all now you can say russia it's a small van of people let's just typical leftwingers protesting they've been around since the sixties he didn't gonna matter don't look at it that way what was happening in the '60s is largely what's gone wrong with our country to day those people now are in position in taiwan's like vince new mauled him more than ever rush on the eib network fox news.
"gary cohn" Discussed on KKAT
"Tiny tiny portion of the population that nuts lunatics their haters they they should be eradicated in some way shape or form was silenced anywhere but uh so that's the way i i feel so anyway gnome finish it up my pal we can bring it on a much lighter note back here in the city the gary cohn story which gary cohn so the market was down yesterday carry call was funny to quit the of the trump administration because of the way donald trump handled the charlottesville those are the report yell nobody knows for sure this is the march they say the market is down because all those companies on the financial the finance council right they will weigh right and all their stocks went down right about these settles all that the rumor that cohen beckel ruler eu nobody knows us an araya well it's worth it also one of which true oh no mu he's gonna there's been a call for sure among the jewish members of the have these jewish members of the white house to step down right of what happened in charlottesville gary cohn for sure getting the the pressure from the jewish community to step down has others in the administration there's a fair amount in the trump white house but we haven't heard that he stepping down in fact i think they made a statement out yesterday saying he was not being loyal allies outta so it's a big member marta well honor while novelist you did a great job venue they think we can let you go at this right like lease plus three get yours your death collude this shares a you pass you've been relieved on the i miss the morning program us that we have sued rosenbergs coming up with the sport scarce a very fine exciting sports guests i have a briefing and then we're going to speak to this gentleman from usa today about the economy gregor floyd mayweather's showdown a week from saturday all that's coming up you're on the arms the morning how emme the me and me the king.
"gary cohn" Discussed on PBS NewsHour
"Where it goes from now it all depends on trump all of this you know we all abcess in washington too much about the personnel he's the person who sets the town he's the prisoners as the policies were measures just come up with a brilliant republican strategy blame the democrats on trump i think that you will see some change but not a lot of change if you really want to change a trump administration you're going to change the guy at the top and that's not happening anytime soon book again where i do think you will see some woman is on this economic side where i suspect for example this is a victory for china because trump what i mean 'abandon was the haug on china trade and he has he said in that interview with bob kuttner and by the way a trump administration official will never again give an interview to a liberal columnist his that he was fighting gary cohn the chief economic adviser great victory for him he was fighting the treasury department and so i think that's an area where you see change and i think by the way it's obviously a victory for john kelly who wanted to impose order and banned him was clearly a threat to order in the white house let's talk a little bit about the reactions after charlottesville i mean they've been coming from all over its sparked another national conversation but when you look at for example the magazine covers the new yorker and time and even the economist they are covers that are about president trump's reaction to this not necessarily the entire conversation we just put those up on screen if you were designing a cover today your thoughts.
"gary cohn" Discussed on CNBC's Fast Money
"Some some market participants today suggested that we bannon out that meant and gary cohn stayed right that this was a battle of wills between two big rivals there were all these rumors that he was going to leave in the wake of the disastrous press conference earlier in the week and the fact that bannon is out means and gary cohn is still rounders by that i think this i think there's no way gary cohn was going to leave this administration period because of the tax savings is essential that he's gonna get i mean it's a massive massive number that he inflicted our struggle around your earrings donald donald trump president trump needs gary cohn around much more than he needs pendant around in a power struggle from that perspective gary cohn wins the game against down all right for more on trump's wild week our next guest as the man who broke the bannon news this morning he also broke the story that gary cohn was staying yesterday both reports move the markets joining us as axios is jonathan swan he joins us from washington dc hey jonathan ly was a battle between gary cohn and steve men in this week and did gary cohn win no i mean they they have been in the basle bad and has been uh trying to destroy gary cohn for months now but that the primary battle was seabed in versus jared kushner morphed really into steve bannon and on just let's go inside steve balance head here for for a moment it was really steve bannon against the people he describes as the globalists' the west wing democrats is not a word he uses for them phrase's for them that what that is jared kushner ivanka h r mcmaster the national security adviser gary cohn the top economic advisor and an and dana pal the deputy national security adviser so abandoned has been at war with them for a long time jared won the war uh kelly came in with a mandate to put more order into the west wing and he was told when he went round order seeing the west wing that bannon was a major disruptive.
"gary cohn" Discussed on KKAT
"Tiny tiny portion of the population they're not still lunatics their haters they they should be eradicated in some way shape or form of silence anyway but uh so that's the way i i feel so anyway gnome finish it up my pal we can bring it on a much lighter note back here in the city to gary cohn story which gary cohn so the market was down yesterday kerry call was funding to quit the of the trump administration because of the way donald trump handled the charlottesville those are the report yell nobody knows for sure that is the march they say the market is down because all those companies on the financial the finance council right right it all their stocks went down right about the settles all that the rumor that cohen nobody knows us an aura well it's worth it also one of its true both nomura's iit's not there's been a call for sure among the jewish members of the two have these jewish members of the white house to step down right of what happened in charlotte zelda gary cohn for sure getting the the pressure from the jewish community to step down has others in the administration there's a fair amount in the trump white house but we haven't heard that he stepping down in fact i think they made a statement out yesterday saying he was nothing lila allies outta so it's a big never marta well honor while gnome listen you did a great job venue they think we can let you go at this right like lease one plus three you again we are looking a clue this shares rest you past you've been relieved on the i miss the morning programme us we have sit rosenbergs coming up with the sports scarce a very fine exciting sports kiss i have a briefing in that we're going to speak to this gentleman from usa today about the economy gregor floyd mayweather's showdown a week from saturday all that coming up here on the morning how.
"gary cohn" Discussed on KBNP AM 1410
"To be able to enact significant tax reform maybe they'll be tax cutting the prospects for structural reform which was the aspiration the president laid out are minimal at this stage let's bring in britain books global business correspondent stephanie bega stephanie the two people that were effectively charged with delivering this tax reform gary cohn steve mnuchin what did the prospects look like right now do you think they will remain within the white house yeah you know i think they were put in a very uncomfortable position standing right next to trump on tuesday when he does incendiary remarks that they're both jewish they have gary cohn in particular has you know join the trump administration and he didn't agree with everything trump said during the campaign that i think he joined thinking that this is a great opportunity to get real probusiness policies through tax reform infrastructure spending and they need him to stay on message relentlessly to get something as tough his tax reform through congress at that is a hard sell in the best of circumstances trying to balance competing interests and the longer it takes the closer we all get to their 2018 midterm elections and then it gets even tougher to try to sell something to congress right before they have to go in our election campaign by the way stephanie did you see.
"gary cohn" Discussed on Bloomberg Radio New York
"Former treasury secretary he says the trump administration is now unlikely to be able to enact significant tax reform maybe they'll be shamlan tax cutting quiet the prospects for structural reform which was the aspiration the president laid out are minimal at this stage let's bring in bloomberg's global business correspondent stephanie bega steadily the two people that were effectively charged with delivering this tax reform gary cohn steve mnuchin what to their prospects looked like right now do you think they will remain within the white house yeah you know i think they were put in a very uncomfortable position standing right next to trump on tuesday when he gave this incendiary remarks added there both jewish they have gary cohn in particular has join the trump administration and he didn't agree with everything trump's said during the campaign that i think he joined thinking that this is a great opportunity to get real probusiness policies through tax reform infrastructure spending and they need him to stay on message relentlessly to get something as tough as tax reform through congress at that is a hard sell in the best of circumstances trying to balance competing interests and the longer it takes the closer we all get to their 2018 midterm elections and then it gets even tougher to try to sell some tang to congress right before they have to go on election campaign by.