tv MSNBC Live With Kate Snow MSNBC February 24, 2017 12:00pm-1:01pm PST
white, they've added hundreds of new women voters, new voters of color. go out there and make your voice heard, people. >> msnbc contributor toure, thank you so much. i'll see you a little later. we've been asking you, should oscar winners keep politics out of their acceptance speeches? that's our microsoft pulse question of the day. here's how you answered. 14% say yes, 86% say no. nobody changed their mind. you all want to get more politics on sunday as you're watching your favorite movies and actors win awards. that wraps things up for me at this hour. i'm katy tur here in new york. jacob soboroff is in for kate snow and he picks things up right now. >> katy tur, it's been a pleasure doing these handoffs all week long. today is my last day filling in for kate snow so we have to arrange a daily phone call, something like that, maybe we can talk. >> sounds good. i am jacob soboroff in for kate snow this afternoon. new questions about contact between the white house and the fbi. the administration is pushing
back on reports they asked the bureau to knock down reporting on trump campaign staffers' contact with russia. this hour officialsispu they did anything wrong. the details are coming up. meanwhile, a victory lap for president trump, his triumphant return to cpac and his conservative message for the future. he says the gop is now the party of the american worker. more of his comments in just a few seconds. finally, after a tough 2016, the democrats today are looking forward as they get set to elect a new party leader. tomorrow hillary clinton reemerges to provide a message of hope. we have a jam-packed hour of news for you. our team of experts is in place to get us started. we are first going to head to the white house where my colleague, kelly o'donnell, joins me right now. k kel y explain this fbi situation. how is the white house responding? >> reporter: this, of course, has been an ongoing issue for the white house. reports about contacts between associates of donald trump during the campaign-era with officials in russia and more
broadly the fbi investigation into russian interference with the 2016 election season. so, today senior administration officials talked to reporters and said that it was a top fbi official who spoke to white house chief of staff reince priebus, bringing this up at an unrelated gathering to say the fbi did not think a particular news story with particular facts was accurate. spicer and the white house team have said it was reince priebus who then asked the fbi to support the white house by saying that that particular story was untrue, to help kind of push back in the pr realm. well, the fbi declined to do that and said it could not do that. and it has raised the issue of, is the white house appropriate in its contact with the fbi on this matter? it's more complicated than it might appear. there are certainly democrats who believe this was inappropriate. the white house says it is completely within the law and completely appropriate because
they weren't talking about the investigation. they were talking about a news story. this has been brewing for quite some time. the president tweeted today his displeasure that leaks from the fbi have not been contained. we've seen that from the president before, a frustration over leaks. so, the white house in a swho unusual way made certain that they told their half of the story and pushed back on ts today, saying there was nothing done inappropriately by the white house and they had hoped the fbi would help. the fbi declined to do so. >> kelly o'donnell at the white house. stick around with us, if you can, because i want to bring this a few people help us break down today's news. joining me a pair of msnbc political analysts, michael steele, former rnc chairman, rick tyler, former spokesperson for ted cruz, and executive director of the new york state democratic party, and last but not least, jonathan swan, national political reporter for axias. michael, i want to start with you. we heard from kelly o'donnell about the white house's response to this fbi story.
nancy pelosi today is calling for an independent investigation into the white house and the fbi's communications about russia. nancy pelosi, obviously, has a reason to say this. one of the country's highest ranking democrats. we also heard from richard nixon's white house counsel john dean on twitter. he said, i have expertise on this matter. push back on fbi investigation of the white house is better known as a cover-up. so, the white house saying this is much ado about nothing. who are we supposed to believe here, michael steele? >> i think i fall a little with the white house on this one. let's get more information. i mean, you're talking about an approach to the chief of staff regarding a news article written in "the new york times" or wherever it was written. basically saying the facts in there just aren't true. and then as we understand it, reince was like, okay, so what do we do? the fbi said, well, that's not our problem. we don't solve that problem for you, but you should know this. i don't know if it rises to a
federal investigation at this point. let's see how the narrative plays out. let's see what other facts get on the table before we start rushing to yet another investigation. >> rick, you know, you're going to remember when attorney general loretta lynch and bill clinton met on the tarmac, government plane, republicans were infewer rated, conspiracy theories all over the place. at the time reince priebus had this to say about it. e-mails showing the department of justice was giving hillary clinton's campaign inside information about an ongoing investigation into her e-mail server is deeply disturbing and raises even more questions about bill clinton's tarmac meeting with attorney general loretta lynch. i mean, the obvious question is, is this the pot calling the kettle black? >> a little bit, actually. president clinton should not have met with loretta lynch, the attorney general at the time. they both should have known that. now, having known that and knowing what reince said, it
seems we want to be arm's length with communicating with the fbi on a matter. yes, i agree with michael. it was a story. i agree it's probably not a scandal. but the idea you're going to reach out to the fbi about a story and when the story is about the investigation is going to lead people to the idea of the continued politicalization of the fbi. that's exactly what we said we didn't want when we elected donald trump. >> rick, you're at cpac. jonathan, i want to turn to you. at cpac earlier today trump railed against anonymous sources during his speech in that same room where rick is. take a listen to this real quick. >> i don't get too many of them. but i am only against the fake news media or press. fake, fake. i'm against the people that make up stories and make up sources. they shouldn't be allowed to use sources unless they use somebody's name. let their name be put out there.
let their name be put out. >> not only did according to multiple sources trump himself contact new york tabloids on background while he was a billionaire socialite, but isn't that exactly what reince priebus was reportedly asking the fbi to do, use anonymous fbi sources to push back on the stoeshgs jonathan? >> yeah, of course. i mean, it's absurd. we have conversation on background with administration officials every day. donald trump spent most of his real estate career as one of the most notorious anonymous sources in manhattan talking to page six and various other outlets. also impersonating a spokesman for the trump organization, variously named john miller and john barron. and reince priebus is famous for going off the record and on background. of course, there are double standards here. i think it is bigger point is we heard steve bannon talk yesterday about the agenda for the trump administration.
the third part of it he said was the destruction of the administrative state. he could have said a fourth part which is the destruction of the media institutions in this country. this is not part of their executive orders. there are no white papers. but it's as much of a formal central part of this administration, this war against "the new york times," cnn, washington post. >> the name clinton has been invoked already once on this panel, invoked by the president today at cpac as well. we heard actually from hillary clinton today at the dnc meeting. she released a video message about the dnc election. she delivered a message that was really in stark contrast from what we heard. jonathan, you're talking about it right now from the president at cpac. let's watch for a second. >> nearly 66 million votes are fueling grassroots energy and activism. and everywhere people are marching, protesting, tweeted i tweeting, speaking out for an
america that's hopeful, inclusive and big-hearted. from the women's march to airports where communities are welcoming immigrants, refugees and people of every faith. >> global cooperation, dealing with other countries, getting along with other countries is good. it's very important. but there is no such thing as a global anthem, a global currency or a global flag. this is the united states of america that i'm representing. i'm not representing the globe. i'm representing your country. >> kelly o'donnell, i want to go back to you because it feels like i missed something. are we still in october 2016? well, this president has not yet let go about talking about his election victory. we're now, you know, months after his victory. it certainly is appropriate, i think, at cpac and an organization like this, this conference of conservatives, for
him to acknowledge their support. that would be expected. but the degree to which he relives the election is something we've come to see and expect from the president. it will be notable should that recede at some point. it was also sort of jarring today when there were members of the gathering there who sort of brought back a chant from the election season, "lock her up." it seemed like we turned a page. it was notable at the inauguration when president trump addressed secretary clinton and the president, thanked them, saying he was honored they were there for his inauguration. in certain venues the president seems to extend an ol liv branch toward president obama and clintons, in other ven use he's very much relitigating his victory. it's obviously a happy moment for him and he enjoys chewing on
it one once more. >> i want to bring you in here because you are down at the dnc. we found out earlier today former kentucky governor steve bashir is going to give the democrats' response to president trump's address to a joint session of congress tuesday night. tomorrow the democrats pick their new leader of the party there. why do you think the new dnc chair is not the right person to respond to trump? is the party, you know, taking a step back, hedging in some way? >>, no i'm not hearing anything else. what we're doing right now -- if you think about what's happening right now, what's happening right now is democrats are literally making choices that are going to impact the next two years, four years, six years of the electoral process. after tomorrow's vote is when we start talking about running in the midterm elections, charting for the next presidential campaign in 2020. so you know, i don't want to get
into who's the specific spokesperson, who's good and who's not. but the truth of the matter s we've all come together along the lines of what howard dean was talking about earlier today, which is a 50-state, 50-year strategy to go forward. >> which is the strategy that put him at the head of the dnc those years ago. michael, you were the chair of the rnc. in fairness, you were never asked to give a response to the state of the union. what do you think democrats are hoping to accomplish with beshear responding to the president of the united states? >> they have executive leadership around the country they should highlight and focus on. it's about laying down some markers for a potential presidential bench in three years. there's a whole lot that goes into that decision for sure. you don't want the party chairman, who is a political figure on whabehalf of the part giving a legislative or policy response to the president of the united states. so it's appropriate that someone who's in executive leadership,
doing executive leadership, if not congressional leadership, would take that mantel and run with it. >> over the last couple of days, rick, i want to turn to you, steve bannon, president trump pushed the idea that the republican party, the new home of the white working class voter and at the same time democrats are ying to work out a strategy to prevent that from happing. let's not forget, trump's victories, though, in those rust belt states were not exactly runaways. do you think it's realistic donald trump can -- is he overpromising when it comes to things like manufacturing jobs? >> you know, maybe, but it remains to be seen. so far they actually believe him. there are things, things i don't agree with, like interfering in the free market, like with carrier, with ford, boeing and lockheed. he's done those things. whether they result in actual jobs staying here in the united states or creating them, they at the very least create the image
that donald trump is trying to preserve those jobs. it remains to be seen if he can keep them. if he can keep them, then we will have a realignment of the parties. part of the reason steve bannon, i think, has trump -- or they agree on attacking the media is because as democrats know, democrats are so weak right now, they really don't have any power. and they really -- trump believes they need an enemy. they need an enemy to keep their base fired up. i may disagree with that tactic but that seems to be why they're doing it. >> basil, final word to you. if you're a betting man who's going to walk out of there tomorrow as the new chair of the dnc? >> there are a lot of people who are still pretty split right now. i think there's a lot of action even on the vice chair level here in new york where supporting grace, a member of congress and michael blake, assemblyman. i think with respect to the national chair, it's going to be a tight race. i have to tell you, there are a lot of folks that are, you know,
trying to make this into a proxy fight between the hillary and sanders camp once again. it really isn't that. it goes back to the point i was making earlier. we need to go back to what howard dean and even jesse jackson stalked about which is a 50-state strategy. i think whoever can articulate that best now between the vote tomorrow morning and afternoon, i think will get the nod. it's actually pretty vibrant here. i think everyone is really excited that whatever comes out of tomorrow, we've got some pretty dynamic leadership. also young leadership going forward. >> we have to leave it there. thanks so much to all of you. coming up right after this break,ly be joined by colorado governor john hickenlooper. his state is finding itself at the center of the debate over immigration and deportations. where does he stand? stick around to find out. ♪
i will never, ever apologize for protecting the safety and security of the american people. the security of our people is number one. >> that was president trump this morning at cpac talking about his focus on security. but absent from that speech was the threat president obama reportedly warned a successor to prioritize -- north korea. on thursday president trump said this about dealing with the regime in pyongyang. >> well, i think china has
tremendous control over north korea. whether they say so or not is up to them, but they have tremendous control over north korea. i think they could solve the problem very easily if they want to. >> joining me now is steve clemens, washington editor at "the atlantic." good to see you. let's talk about what we heard from the president. is relying on china a workable path to containing north korea? >> not the way he's doing it. i think the key operative line is china could do a lot if they wanted to, and donald trump is making none of the conditions happen where they night want to. xi jinping said the new direction is now donald trump's problem. they're sending a signal that, you know, despite china having its own problems with north korea, they just cut off coal imports from north korea and china is bothered by north korea but they don't see it like we do. essentially donald trump has been on a collision course with china for quite a while now. the notion they're going to fall
into line and they do what he wants them to do with north korea is an illusion. >> let's talk about what we heard from the president today at cpac. he talked about isis. i want to play a bit of that and get your reaction on the other side. take a look at this, steve. >> i have also directed the defense community to develop a plan to totally obliterate isis. working with our allies, we will eradicate this evil from the face of the earth. >> so, during the presidential debate, steve, then-candidate trump said he would give the pentagon 30 days to develop a plan to defeat isis, but obviously that deadline has now passed. why is there no plan? >> well, i mean, i hate to be trite about it, but it reminds me a lot about the obamacare challenge republicans have. barack obama had really made quite a bit of inroads in shutting down the money flow, the oil flow, the traicking of
people and illicit antiquities and rolling back isis quite a bit. so donald trump is faced with a kind of repeal and replace option with isis now in mosul, where you're seeing inroads, you know, that the iraqis are making with u.s. forces behind them and supporting them. so, this notion that there's going to be this new net add that the united states comes on to kind of really do the deal comes down to a binary question. are we going to throw in tens of thousands of more troops into this or are we really going to basically play with something that essentially the obama administration already had in place? >> steve clemens, always the man to talk to on issues of national security. good to see you. >> thank you, jacob. earlier this week the department of homeland security released memos spelling out the trump administration's deportation plans for those who are in this country illegally. several states and cities are fighting back. just yesterday the state of washington signed an executive order stopping police from making arrests based on immigration status. this came soon after homeland security secretary john kelly
said this while in mexico. >> let me be very, very clear. there will be no, repeat, no mass deportations. everything we do in dhs will be done legally and according to human rights and t legal juice system of the united states. >> joining us now is the governor of the great state o colorado, john hickenlooper. governor, good to see you. i want to start with what we heard from secretary kelly and immigration. the story of this mother, the 45-year-old undocumented immigrant who has sought sanctuary in a unitarian church to avoid deportation has caught the national spotlight. do you support the efforts to keep her here in the united states and have you or anyone on your staff spoken with her? >> certainly we recognize when people are hiding in basements and seeking sanctuary in chuchs
that we're moving in an extreme direction. some of our staff -- at least one of our staff has talked to her. but i think the larger issue is the more compelling that people are now creating artificial rooms in basements and looking at these kind of -- they're taking measures that display a real fear. not just an anxiety, but a real fear that their liberty's at risk. if you look at public safety, two things matter more than anything else. one, public safety is based on trust. police officers catch bad people by tips and leads. that's based on trust. second thing is every police force i know in colorado, the state patrol, we're all many officers short of what we want to be. taking people off what they're doing, which is really trying to make our community safer, that's not going to be constructive. and i think the key is, if there is an undocumented person,
illegal immigrant who's creating a violent climate or a danger to our community, we're the first to say, we will be partners. we will make sure that person is arrested and make sure they get referred to i.c.e. and they get deported. going around and randomly picking up undocumented individuals, taking law enforcement officers off what they're supposed to be doing, that's not as warmly received. >> as you know, the white house wants local law enforcement, which includes color state patrol, which you just mentioned, and the are under your control, to aid i.c.e. in this immigration enforcement. can you clarify for me, do you want the cps, the kol state patrol, to go along with the white house order or do you want them to ignore it? >> well, we've gone along with the -- i mean, for the last three months weave been trying to find the funding to adds 30 additional state patrol officers. we don't have any extra staff to put on this. so, they have to come off of some other, you know, priority
they're working on. >> so, you don't want to see the cps to do immigration enforcement? >> the 287-g, at least as i understand it, you know, they're not giving us any funding. they want us to pay for taking people off of real crucial public safety duties and move them into dook more of what is traditionally been a federal job, right, trying to find undocumented immigrants, detaining them and then going through the process to have them legally deported. >> let's talk about pot, governor. colorado was out front on legalizing recreational marijuana. it's become, frankly, a billion dollar business for your state. at the white house press briefing yesterday, press secretary sean spicer was asked about this and whether or not we would see a crackdown on recreational pot. he said, we might, by the federal government. take a look at this. >> i do believe you'll see greater enforcement of it. again, there's a big difference between the medical use, which
congress has through an appropriationsings rider in 2014, made very clear what the intent of -- what their intent was in terms of how the department of justice would handle that issue. that's very different than the recreational use, which is something the department of justice, i think, will be further looking into. >> ultimately, as sean spicer said, the enforcement on this is up to the department of justice. what is your message to attorney general jeff sessions, who is on the record saying, quote, good people don't smoke marijuana? >> hey, i opposed the legalization of recreational marijuana in colorado. i spoke openly against it. but it passed in colorado by 55-45. it is now part of our constitution. i took a solemn oath to support and do everything i can to serve the constitution of the state of colorado. so, i don't have any notion -- i
opposed it then but now i'm working hard to make sure this experiment, and it really is. states are the laboratories of democracy. this is going to be one of big social experiments of the first part of the 21st century. we'll do everything we can to see if it works. we're seeing at least anecdotally, fewer drug dealers. that's one of the consequences, right? if you take drug sales out of the drug pipeline, you probably don't need as many salespeople. i don't know. i think it's the wrong time to pull back from this experiment. if the federal government is going to come and begin closing in and arresting people that are doing what's legal in different states, oh, my god, it creates a level of conflict that's going to be very difficult. you know, we are trying to regulate and enforce public safety around both medical marijuana and recreational marijuana as aggressively as we possibly can. we're doing everything we can to keep it out of kids -- to make
sure people aren't driving while high, making sure it's not, you know, available to infants and kids. m not sure what benefit there wille by t federal government coming in saying you can't do banking and, therefore, putting a whole bunch of cash in the system. it just makes the whole thing more -- more susceptible to corruption and racketeering. >> before i let you go, governor, you're in atlanta right now for the democrats' winter meeting. the new head of the dnc will be picked -- >> d.c. >> you're in washington, d.c., i should say. you've backed tom perez for the head of the dnc. we heard from hillary clinton at the dnc meeting today via video. you notably met with hillary clinton during the veep stakes last year. during the campaign i spent a good amount of time in your state. it's a purple state, liberal community, evangelicals, you have to build a coalition to win in colorado.
with all of that going for you, can you say at this point you will not be definitively a candidate for president in 2020? >> you're the third person to ask me today. i keep saying, i have almost two years to be governor and i want to focus on that. i'm not forming a pac, i'm not recruiting people. i'm not going to say definitively anything. i'm trying to keep the focus on, you know, what we're trying to do in colorado and really -- you know, some of these things are on workforce training, education, some things around health care, i think we're making real progress. i want to make sure that neither myself nor my team get distracted. >> so, can you say definitively a maybe, governor? >> i'd say definitively i'm going to stay focused on colorado. you know, i start saying maybe, that becomes a whole new news story. so, focus on our work. >> all right-p. colorado governor john hickenlooper, thank you so much. >> thank you. coming up next, weapons of
mass destruction. laysian police identify what killed the half-brother of north korean leader kim jong-un. we'll have all the details after the break. plus, later in the hour we'll be hearing from farmers who voted for donald trump but are now worried about how his actions on immigration are going to impacted their own workers. don't go anywhere.
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colorless, nerve agent. it's so dangerous the united nations classifies it as a weapon of mass destruction. according to a chemical weapons expert, it could indicate pyongyang was, indeed, behind this attack as suspected. more than 40 people are dead in syria according to a monitoring group after a car attack near the northern city of al bab. it happened outside a security office where civilians were gathering for permission to return to the city. the city was captured by turkish forces from isis militants on thursday. after a fond farewell from the national zoo and a first-class trip across the pacific, america's favorite panda is settling into her new home. there's bao bao chopping down on treats at her new home in chengdu, china. she'll join the breeding program. stick around. we'll be right back. express opn help you take on a new job,
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you might have noticed this afternoon no press briefing with sean spicer at the white house. on that topic, some news. right now i want to go to the white house, my colleague hallie jackson is there. explain to us what's going on. >> reporter: hi, jacob. today after president trump called fake news an enemy of the people, his administration refused to allow several reporters into an off-camera, on the record session with press secretary sean spicer.
they included cnn and the "new york times." here's what happened. we were told this gaggle would happen with a so-called expanded pool, meaning the small number of journalists that rotates on a regular basis, that is common here at the white house. we were also told select correspondents would attend and that our correspondents between msnbc and nbc news would have only one representative in the gaggle. our team pushed for more access from the white house. that access was not granted. nbnews ultimately decided one person would go in. that person was me. a white house aide in the hallway was determining who would enter on this so-called expanded pool. moments after i walked past that person, cnn was not allowed in behind me. this was unusual for this administration and came as a surprise to us. nbc news decided to stay, intended to share all news gathering with our colleagues. the pool, remember, was also in the pool. understand a long-standing agreement the material would be shared with all of our colleagues regardless of who was there during that gaggle.
press secretary sean spicer was asked more than once why those outlets specifically were excluded. he said, i think we have shown an abundance of accessibility, calling this administration more accessible than any prior one, adding, we do what we can to accommodate the press. "the new york times" dean puckett put out a statement saying, we strongly protest the exclusion of the "new york times" and other news organization. free media access to a transparent government is of crucial national interest. in a statement, cnn said, this is an unacceptable development by the trump white house. apparently, this is how they retaliate when you report facts they don't like. we'll keep reporting regardless. jacob? >> hallie jackson at the white house. thank you for that report. coming up, what some farmers who voted for trump are now worried about when it comes to harvest. we'll be right back after this quick break. i like that. [ all sounds come to a crashing halt ] ah. when your pain reliever stops working, your whole day stops.
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there are, of course, still huge concerns for many people ross the country over the white house's directives over immigration, this as homeland security released memos expanding the reach of those who can be deported. jo ling kent traveled to kern county to talk to farmers who voted for the president but are worried his immigration policies may impact his workers. >> we're definitely positive about some of the decisions he can make regarding business and taxes. >> reporter: but he harvests
everything from almonds to cotton to grapes also employs up to 300 workers a year, many from mexi mexico. the president's immigration actions have him worried about the labor supply. >> how it's going to play out. labor is very difficult to come by right now and it feels like it's going to get even tighter. >> reporter: many farmers are concerned about president trump's immigration policies. as a quarter of the nation's food is produced right here in california's central valley. 32 miles south another fourth generation farmer, jason voted for trump, too. he wants trump to make it easier for mexican workers to come and go legally. >> it's 100% of my labor force. what they want to do is provide for their families and work hard and make a better life for the next generation to come. >> reporter: he and other farmers want trump to overhaul the h2a visa program, that allow
culture workers on a temporary basis. he hopes trump will lower the cost and shorten the time. you guys essentially feeding the country here. >> we're feeding the world. >> reporter: oh, yeah? he wants to give them more seats at table when it comes to the immigration policy. >> the immigration policy, and it is broken, since 1995 we have been in favor of comprehensive immigration reform but it hasn't happened. ag is very important. and it's what the central valley lives and dies on. >> reporter: an immigrant labor is what they farmers say the central valley relies on. they're standing by president trump, they say, give him time to prove he can deliver. jo ling kent, nbc news, kern county, cal. those who don't support the president's policies are making their voices heard loud and clear in town halls across the country. in red state louisiana bill cassidy held another test judge town hall. things got heated when attendees wanted to ask questions about
obamacare. >> you have -- she -- >> what's your insurance? >> i till you what, if you want to yell, please leave and yell outside but this is actually a conversation. so -- [ inaudible ] >> we want to speak to you. >> you'll have a chance. let me first speak to the folks at st. martin parish. again, again, all you do is shout and nothing is accomplished but that's not a good thing. >> nbc's vaughn hillyard joins me outside that town hall. that seemed hectic. were citizens satisfied by what they heard at the town hall? >> reporter: no, they weren't. it was a little less chaotic than the last town halls the senator has had in louisiana but it took him 20 minutes to answer the first question.
that's what prompted -- you heard inside, i want to have a conversation but it was a one-directional conversation. he filled up the first couple of rows with people they had hand-picked, cassidy supporters, to come in and ask questions. i have sound from people i talked to after the event and we'll talk about it after, why it's important and why we're playing this sound. >> he answered a couple of questions, but the majority of the time was just him basically giving his points on what he wanted when addition how good it was going to be, but he only took a couple of minutes to answer a couple of questions. >> my hope is that we iron out some of our differences. we like to talk a lot and we like -- we should have had invite everybody and talk one-on-one because i have a problem, you have a problem, they have a problem. together we can solve some of these issues. >> reporter: that last gentleman you just heard from was a
democrat who voted for trump. he talked about having gumbo and everybody coming together. the issue from this last week, i was with chuck grassley earlier this week in iowa, with tom cotton in arkansas arkansas, thy four republican senators that have come out and held town halls, where are the others? they haven't had them or over the telephone, teletown halls. these individuals subjected themselves to questions, but ultimately what you say was here, he tried to have label the more order here. yeah, they've said they are paid protesters. they're not paid protesters here. they've said they're democrats, independents, sure, and perhaps even yes, indivisible, the group helping organize them through social media is the case, but the same time, you know, it's become borderline offensive to these people and talking with them over the course of the week in which republicans, some of these individuals, donald trump have suggested, you know, that they're just liberal activists. these are people, jacob, i know you've talked to them on the road with real stories. talking in line with them, you can go from any one. i was talking with theresa who
has an aicial heartvalve. she's on the aordable care act exchange here in louisiana. her husband is on disability. he's concerned with the law is repealed, what happens to her? and the issue is that the republicans that have had town halls don't have an answer for her. tom cotton didn't have an answer, chuck grassley didn't have an answer. they are left on the table for these individuals. and they're going back in session on monday. and they're going back into session on monday. so, it'll be a while until they see them back in the home districts. >> and i think a lot of people are taking advantage of that opportunity. i was going to say, great work out there man, i love what that guy had to say. we talk a lot, we like to talk there, my guy. vaughn hill yard, thank you so much, sir. and a quick programming note for all of you, this tuesday, tune in for msnbc all day special coverage leading up to the president's first address the congress, coverage begins at 6:00 a.m. with morning joe live from washington followed by all
day long programming leading up to the address. stay with msnbc throughout the evening and of course for live coverage and analysis. led by the team of brian williams, rachel maddow, and chris matthews. when we come back, checking in with wall street minutes away from the closing bell markets and the dow down just about four points. we'll be right back. why do some cash back cards make earning bonus cash back so complicated? they limit where you can earn bonus cash back to a few places... ...and those places keep changing every few months. the quicksilver card from capital one doesn't do any of that. with quicksilver you earn unlimited 1.5% cash back on every purchase, everywhere. leave complicated behind. what's in your wallet? everything your family touches sticks with them. make sure the germs they bring home don't stick around.
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alert for you with minutes to the close. the dow's record-setting streak is about to be snapped. it is down in the red 7.42 points right now. prior to today, the dow had closed at record highs for ten straight sessions. that is the best since 1987. reagan mourning an american style. joining me now, susan lee and contributor and senior editor at business insider, josh barro. sus susan, i want to start with you. what is going on? why are we seeing the dow pull back today? >> we were down eight points or so heading into the close. there was a point this afternoon that maybe, maybe the dow was going to bounce back into possibly positive territory, and that would continue that winning streak that we've seen, the record run since 1987, ten straight record closes as you mentioned, but investors are really selling off a little bit of their stock holdings heading into the weekend. they don't to want put too much cash to work in the markets since you have two days off. and there arernthat maybe there'll be delays and tax reforms including the cutting of
corporate taxes and regulations. there was also a report this afternoon that maybe the administration is disagreeing with the house proposal on the border adjustment tax. possible delay about kick starting the infrastructure program as well. this has investors a little bit worried. we're heading into a weekend, people are taking a little bit of money off the table. and of course the markets will be closely watching president trump's address to congress on tuesday. looking for any hints as to when these changes might be in the pipeline. >> let me talk to josh about how much of this is due to the president's actions. today we saw him at the white house talking about and taking on the issue of regulation. he's signed executive order today requiring every agency to establish a regulatory reform working group. study. how long will the market wait? everybody likes this for now, but until he actually starts implementing some of this stuff? >> yeah, i think it's an open question when they are actually going to get those things. it's clear the markets not just having a good time since donald trump was elected. also a good year before he was
elected. expectations are very high. and so it is partly about expectation that the white house will deliver a tax reform this regulatory firm as you describe, it's a working group. that could deliver something or it could be just a bunch of grand standing. so i think the stock prices are high right now. if you look at them over a ten year history. only this high twice before in the last 100 years and they were this high right before the crash in 1929. i'm not saying they are unsustainable, that profit growth is going to be better than it was over the last few years. now one theory about why is if donald trump is going through a big cut in corporate taxes and causing companies to become more profitable. those are big changes that should show up in the numbers. we're seeing soft numbers go up. not seeing the evidence that the economy is kmanging. >> the dow still down. how is the market dip that we are seeing today kaekted to another interest rate hike by the fed? >> right now the markets are
pricing in maybe a quarter point. 25% chance probability of a move in interest rates that next month, that's in march. people are expecting at least three this year. we have to have the numbers to prove it, and gdp, that's going to be a big report card coming up this week. second quarter gdp. how healthy is the u.s. economy. we have resale numbers this week at ten-year highs. and then of course, how healthy are corporates, warren buffett reporting this weekend. a lot to sift through. >> just about 40 seconds now until the closing bell. josh, as we wait and watch here. you know, we have seen this trajectory going up and up and up since president trump came into office. is it fair to say to say that this is tied tangibly to the actions of the president or not? >>rat jekt ri picked up after heas elected. and it's weird because stocks were moving down on the thought that trump might win until election night around 3:00 in the morning when it gave a speech, it all reversed and
stocks became bullish for stocks. >> and look at that, josh, susan, at the closing bell, up 6.8 points. so all this talk, they may have been watching msnbc and decided to do a turn around. >> he was coming, jacob. it was just so close towards the end. >> there you go. susan lee, josh, thank you so much. that is it for me. i am jacob soboroff, thanks to you all and kate's team for a super fun week. she'll be back monday afternoon. i will see you from wherever they send me next. look for me kpuchg next, the one, the only, steve kornacki. >> jacob, that was exciting, a last minute rally on wleet. ended up positive. i did not see that coming. little bit of spe